Question 1

What Is Elk Finance (ELK)?

Accepted Answer

Elk.Finance is a decentralized network for cross-chain liquidity, allowing trustless and secure value transfer across chains (e.g., Ethereum, Binance Smart Chain, Matic, Avalanche). Elk users can swap tokens across chains seamlessly with sub-second speed. Any chain, anytime, anywhere!

ELK is the native utility token that is used for:

* Value transfer across chains.
* Payment of exchange fees.
* Governance votes to determine how network resources are allocated.

Question 2

How Many ELK Tokens Are There in Circulation?

Accepted Answer

Elk Finance Protocol launched on its first chain (Avalanche) on March 19, 2021, and its second chain on April 10, 2021. A first version of the mainnet and more chains will launch in Q2, 2021. The full mainnet is expected in Q4, 2021. The maximum ELK supply is 42,424,242. 10 million tokens will be distributed through yield farming during 4 years. Another 10 million tokens are allocated to the Elk insurance fund (providing protection against impermanent loss), the rest is allocated to a community fund (20 million), the team (2 million), and airdrops.

Question 3

Where Can I Buy Elk Finance (ELK)?

Accepted Answer

ELK is currently available for trading on decentralized exchanges, with cryptocurrency and [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available.

[ElkDex](https://app.elk.finance) offers the largest number of pairs and the deepest liquidity as of May 2021, while [Pangolin Exchange](https://pangolin.exchange) and [Quickswap](https://quickswap.exchange) both offer some pairs and liquidity in their respective chains.

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What Is Elk Finance (ELK)?

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