Genesis

The Elata Biosciences genesis event signifies a pivotal moment in our transition towards a community-driven decentralized project.

Public Pre-Sale

Elata Biosciences is establishing a strategic pre-sale event to gather initial capital and commitment from strategic funders. Here, 7.5% of the total token supply will be offered to early supporters who have shown a commitment to our long-term vision.

This pre-sale will be conducted through a crowdfunding campaign on the Ethereum blockchain using the Juicebox platform. This platform ensures that the initial token price is determined collectively by the participants, fostering fair price discovery.

Participants will receive a 50% discount on the public sale price, acknowledging their early support and risk-taking.

The goal for the pre-sale is to raise enough funds to kickstart our initial research projects, secure top-tier talent, meet milestones, and cover operational expenses.

Community Sale

Following the public pre-sale, 22.5% of the total supply will be made available to the broader community in another crowdfunding campaign on the Base blockchain. This significant allocation underscores our commitment to community participation and ownership.

The Juicebox platform will again facilitate this process, ensuring fairness in token distribution.

Participants will receive up to a 10% discount on the launch price based on a phase-approach, as a reward for their early support.

The goal for the community sale is to raise enough funds to fund our initial research projects, establish community engagement initiatives, provide liquidity provision for the token, secure further top talent, & meet milestones.

After the community sale ends, the funds will will be distributed to participants, officially marking the launch of the DAO.

Post-Genesis

After the community sale finishes, governance will be in the hands of $ELTA holders. They will have the power to vote on all future proposals, from funding new research, and partnerships, to potential blockchain migrations.

To ensure the project remains at the forefront of blockchain technology, Elata Biosciences is open to exploring additional Layer 1 and Layer 2 blockchains to enhance scalability, reduce costs, and expand reach. However, any such decision would be put to a vote, emphasizing our commitment to a decentralized, community-led approach. This ensures that the DAO's evolution reflects the collective will of its community, fostering a truly decentralized and community-owned ecosystem.