Tokenomics
WELEPHANT is the wrapped version of ELEPHANT, inheriting decades of DeFi infrastructure and over $40 million in locked liquidity. This page explains how the tokens work together and how you can benefit.
Token Overview
| Property | WELEPHANT | ELEPHANT |
|---|---|---|
| Max Supply | 5 Billion | 500 Trillion |
| Transfer Fee | None | 10% |
| Wrap Fee | 2% | — |
| Networks | BNB Chain, Base | BNB Chain |
Why WELEPHANT?
ELEPHANT is a powerful DeFi token with massive locked liquidity, but its 10% transfer fee makes trading expensive. WELEPHANT solves this by wrapping ELEPHANT into a fee-free token that's easier to trade, bridge, and use in DeFi applications.
Contract Addresses
WELEPHANT
| Network | Address |
|---|---|
| BNB Chain | 0x241F21dF529C05289A00dAfeCEa10139A287cDCa |
| Base | 0x7d03acf64a1a64bff9d24850011cca93c78a22e7 |
ELEPHANT
| Network | Address |
|---|---|
| BNB Chain | 0xE283D0e3B8c102BAdF5E8166B73E02D96d92F688 |
The Power of Locked Liquidity
WELEPHANT piggybacks on ELEPHANT's robust infrastructure, including over $40 million in locked liquidity. This locked liquidity provides:
- Price stability - Deep liquidity pools reduce slippage
- Security - Funds cannot be removed or rugged
- Long-term backing - Value is preserved regardless of market conditions
When you hold WELEPHANT, you're holding a token backed by one of the most liquid and secure foundations in DeFi.
How WELEPHANT is Mined
Unlike traditional mining that requires expensive hardware, WELEPHANT is mined through buybacks generated by gameplay. Here's how it works:
- Players place BNB in prediction rounds
- 10% of each round is used to buy WELEPHANT from the market
- Bought WELEPHANT is distributed to winners, stakers, and the PAYDAY jackpot
- Constant buy pressure supports the token price
This creates a sustainable cycle: more players means more buybacks, which means stronger price support for everyone holding WELEPHANT.
Ready to start earning? Learn the mechanics in the Mining Guide.
Fee Structure
ELEPHANT Transfer Fee (10%)
ELEPHANT charges a 10% fee on every transfer. This fee supports the ecosystem but makes frequent trading expensive.
Example: Sending 1,000 ELEPHANT costs you 100 ELEPHANT in fees.
WELEPHANT Wrap Fee (2%)
When wrapping ELEPHANT into WELEPHANT, a one-time 2% fee is charged. After that, WELEPHANT transfers are completely free.
Example: Wrapping 1,000 ELEPHANT gives you 980 WELEPHANT (after 2% fee).
Avoiding the 10% Fee
By using WELEPHANT tools instead of directly trading ELEPHANT, you avoid the 10% transfer fee entirely. This means:
- Trade freely without losing 10% per transaction
- Bridge to Base without fee erosion
- Stake and unstake without penalties
- Play prediction mining with efficient transfers
Where to Buy WELEPHANT
Coinbase
WELEPHANT is available on Coinbase for easy purchasing with fiat currency. This provides mainstream accessibility for users who prefer traditional exchanges.
WELEPHANT.xyz (Best Price)
For the best price on WELEPHANT, buy directly at WELEPHANT.xyz. Here's why:
- Direct DEX access - No exchange markups
- Mining rewards - Earn while you play
- Stake immediately - Put your tokens to work
- Lower slippage - Optimized routing
Buying and mining at WELEPHANT.xyz ensures you get maximum value for your investment.
Bridging to Base
WELEPHANT can be bridged to Base (Ethereum L2) using the Wormhole protocol, opening up additional opportunities:
Arbitrage Opportunities
Price differences between BNB Chain and Base create arbitrage opportunities. Traders can:
- Buy WELEPHANT where it's cheaper
- Bridge to the other chain
- Sell at the higher price
- Profit from the spread
Benefits of Base
- Lower gas fees - Base transactions cost a fraction of Ethereum mainnet
- Ethereum ecosystem access - Connect with Ethereum-native DeFi
- Growing liquidity - Base is rapidly expanding
- Coinbase integration - Seamless on-ramp from fiat
Learn more in the Bridging Guide.
Supply Mechanics
WELEPHANT (5 Billion Max Supply)
- Minted 1:1 when wrapping ELEPHANT (minus 2% fee)
- Burned when unwrapping back to ELEPHANT
- Distributed through prediction mining rewards
- Circulating supply depends on wrap/unwrap activity
ELEPHANT (500 Trillion Max Supply)
- Established in 2020 with proven track record
- 10% transfer fee funds ecosystem development
- Locked liquidity exceeds $40 million
- Powers the WELEPHANT wrapper infrastructure
Value Proposition Summary
| Feature | Benefit |
|---|---|
| $40M+ Locked Liquidity | Price stability and security |
| No Transfer Fees | Trade freely without 10% loss |
| Buyback Mining | Constant purchase pressure |
| Multi-Chain | Access BNB Chain and Base |
| Coinbase Listed | Easy fiat on-ramp |
| Staking Rewards | Passive income from gameplay |
Next Steps
Now that you understand the tokenomics, it's time to put your knowledge to work:
- Start Mining - Learn how to earn WELEPHANT through gameplay
- Stake Your Tokens - Earn passive rewards from every round
- Bridge to Base - Access cross-chain opportunities
- Play Now - Jump into the next round
Disclaimer
- Cryptocurrency investments carry risk
- Past performance does not guarantee future results
- Always do your own research (DYOR)
- Only invest what you can afford to lose
- Verify all contract addresses before interacting