We are thrilled to unveil the relaunch of Relay under our new name, Elevate!

Our team has been hard at work crafting a fresh identity, innovative model, and renewed purpose for our valued holders.

The concept is simple - multiple layers of innovative projects that provide multiple layers of value to our community and token holders. By leveraging the power of decentralized governance, we empower our holders to actively participate in decision-making processes, ensuring that the direction of our projects aligns with the community’s interests. With a focus on transparency, collaboration, and rewarding participation, Elevate aims to build a robust ecosystem where each layer of innovation enhances the overall value and utility for all.

Addressing the Past

We understand the challenges that Relay and Zero Exchange faced in the past. As active community members ourselves, and even token holders, our team is committed to making meaningful changes, taking the project to greater heights that reward community members and more.

Here’s how we’re making sure our holders are compensated and the project is revitalized:

Compensation for Loyal Holders

Wallets that held despite the actions of nefarious actors will be made whole. For more details, see the Relay Community Update.

Airdrop Snapshot & Claim

With a new name comes a new token - We’ve captured a snapshot of the $RELAY holders and will airdrop a new token, '$ELVT,' to our community. The token will be distributed on a 1:1 basis and will be available to claim our new website within the next few months.

Launching $ELVT

We’ve chosen Aerodrome.finance - the central trading and liquidity marketplace on Base, to launch our new token. Throughout the many ecosystems we've seen in crypto, we believe Base will provide a fantastic, pardon the pun, ‘base’ for Elevate. This isn’t about capturing the latest trend but rather leveraging a platform that meets our project’s needs.

More details on the official token launch date and the process of how this will look will be explained later down the line.

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So let’s talk about Elevate, what is it and what exactly does it do?

Elevate - Layers of Innovation and Value

We chose the name Elevate because it perfectly embodies our mission for the project and our community. Relaunching Relay presented us with many options. We decided that providing value to the community is essential to a successful project. Our DAO approach is focused on creating a multi-layered ecosystem that continuously adds value and gives a voice to our community. Elevate represents our commitment to do exactly that and enhance the experience for every holder and our community as a whole.

Here’s what we have in store:

1. Collaborative Governance

   Our token holders are at the heart of our decision-making process. This ensures that the direction of our projects aligns with the community’s interests and values. Elevate holders will help make decisions for the project, including what development will take place, what ecosystems to launch on, and more.

2. Incentivized Participation

   Active participants in our governance receive rewards, fostering a motivated and engaged community.

3. Lucrative Staking Rewards

   By staking Elevate tokens, stakers will earn rewards from the Elevate ‘Umbrella’ of projects. Stakers will enjoy a regular percentage revenue share of all our projects. Sustainable Rewards: We understand the concerns about projects relying solely on revenue to reward holders. However, we plan to have multiple revenue-generating projects, solid partnerships, and expansions to ecosystems that will continue to reward our holders.

4. Diverse Project Pipeline

   Telegram Bot

   A sophisticated telegram trading bot that will generate fees to our token stakers from day 1.

   Cross-Chain Bridge technology:

   Leveraging our cross-chain bridge technology, we aim to integrate this into a multitude of our upcoming projects. This will enable our users to seamlessly utilize cross-chain bridging across all our protocols.

   And much, much more: Our roadmap includes exciting ecosystems and on-trend projects that will provide real revenue. Look out for our roadmap article which will explain the exciting projects that we plan to launch and how our community can be involved.

We plan to launch our new website, roadmap + more in the coming weeks, stay tuned!

It’s up from here

We have a lot in store for our community, from innovative projects to enhanced rewards and community-driven governance, we are building layers of value that will benefit our holders.

Keep your eyes peeled on our socials, telegram, and more as we rebrand for a full-scale relaunch!

Elevate: Empowering Innovation and Value Creation, One Layer at a Time.