Announcement regarding ELLA Web3 IDO Phase 2

June 26, 2023, 16:00 (UTC+0)

ELLA Project IDO Phase 1 has concluded. The data for Phase 1 IDO is as follows: the issuance amount was 300,000 USDT, the total IDO amount was 5,690,744.650303 USDT, exceeding the issuance amount by 1,896.9149%.

Due to the participation of several major funding addresses in the ELLA IDO Phase 1, in order to ensure fair distribution of ELLA project and safeguard the rights of all users, the ELLA project team will refund the participation funds to all users of Phase 1. Additionally, 10% of the total amount participated by users in Phase 1 IDO, which is 25,000,000 ELLA Tokens, will be distributed proportionally. The platform will refund all user-participated USDT on June 27 (UTC+0), and the corresponding ELLA Tokens will be distributed after the completion of both IDO phases.

Furthermore, ELLA will commence Phase 2 of IDO on June 27, 15:00 (UTC+0). In Phase 2 IDO, the amount of funds that can be contributed by a single address will be limited to 1,000 USDT to ensure the fairest distribution of ELLA Tokens. In Phase 2, a total of 225,000,000 ELLA Tokens will be distributed based on the proportion of user contributions.

The distribution method for ELLA IDO Phase 2 is as follows:

1. The total amount is 270,000 USDT, and each address can contribute a maximum of 1,000 USDT. ELLA Tokens will be distributed in proportion to the amount contributed by each user.

2. Calculation of ELLA Tokens obtained from IDO contributions: Successful USDT contribution by the user = 270,000 * (User's contribution amount / Total contribution amount). The corresponding quantity will be determined based on this contribution amount/price ratio.

3. USDT that users failed to contribute successfully will be refunded to their wallets after the IDO concludes, while the corresponding amount of ELLA Tokens will be distributed for successful contributions.

June 26, 2023, ELLA Web3 Team