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Elixir is an L1 blockchain network with a DPoS consensus mechanism designed to power orderbook asset reserves. It enables users to provide their funds into various orderbook pairs and earn a share of market-making fees while allowing orderbooks to integrate with the Elixir network and receive liquidity.
$ELX is the platform's utility token, used for participating in governance voting and powering the DPoS consensus mechanism.
During its Series A funding round, the Elixir crypto company raised over $7.5M at a $100M valuation from Hack VC, NGC Ventures, and other investors.