🪣Allocation
Farming Rewards: 28,999,900 ELZ
DEV Fund: 1,000,000 ELZ (3.33%) vested over two years starting on 10/31/2023
Note: 100 ELZ tokens and 1 XETH token were minted at the time of deployment and will be used for initial liquidity, and if not all are used they will either be burned or sent to the team multisig wallet.
Also, these tokens are NOT mintable. The way that this protocol works is when the contracts are deployed, the appropriate allocation of tokens is sent to the ELZ Reserve contract (which feeds the MasterChef contract, which in turns pays out the farming rewards to LP stakers), as well as to the various fund contracts (Only the DEV fund in this case, the DAO and Treasury funds do not exist).
There is absolutely no way for the team to create more ELZ tokens.
Not only is there no mint function on the ELZ contract, there is a hardcoded maximum total supply.
uint256 public constant MAX_TOTAL_SUPPLY = 30_000_000 ether;
We recommend you look at the actual ELZ contract for your own verification: https://basescan.org/address/0x1fbccf8afe9e58052f64e2e6790a65d2eb3f4765
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