Elixir Games

Elixir Games is a Web3 gaming platform built around a PC game launcher that bridges traditional game distribution with on-chain economies. Founded in 2018, it hosts more than 150 games and serves over one million users across multiple blockchains including Solana, Ethereum, Polygon, Avalanche, BNB, and Sui.

The Launcher

At the centre of the product is a downloadable PC launcher — the Elixir App — that players use to discover, download, and run Web3-native games from a single interface. It functions as a unified hub offering in-app purchasing, a wallet overlay, fiat and crypto checkout, and social features, all without requiring players to manually manage multiple wallets or storefronts. The company's stated design philosophy is that "collectors don't become gamers easily, gamers become owners naturally" — the launcher is designed to introduce ownership mechanics in a way that feels natural to people who already play games, rather than leading with the blockchain angle.

The catalogue includes titles spanning auto-chess strategy (CyberTitans), hero battle RPGs (Elemental Raiders), social deduction games (Castle of Blackwater), competitive football games (Mokens League), and fast-paced fighting titles (TINIES). Elixir acquired LitLab Games, the publisher of CyberTitans, deepening its position as both distributor and publisher in the Web3 gaming space. The platform has also provided backend infrastructure for GameStop Playr and has integrated titles from Gala Games including Town Star and Spider Tanks.

A Square Enix partnership marked a notable validation from the traditional gaming industry. Square Enix participated as a lead investor and strategic partner, with the goal of expanding Web3 game adoption among mainstream gaming audiences.

The Launchpad

Elixir runs a dedicated Launchpad for new Web3 game projects, operating in an IDO (Initial DEX Offering) or IGO (Initial Game Offering) format. The Launchpad connects token sales for early-stage games directly to Elixir's player base, with allocation access gated by staked ELIX holdings through a five-tier system:

• Plankton — 5,000 ELIX — 5.5 pool weight
• Shrimp — 25,000 ELIX — 30 pool weight
• Dolphin — 50,000 ELIX — 75 pool weight
• Shark — 150,000 ELIX — 305 pool weight
• Whale — 600,000 ELIX — 1,375 pool weight

Higher-tier holders receive proportionally larger allocations in token sales. If demand exceeds supply, allocations scale down accordingly and unused USDC commitments are refunded. After a sale closes, participants claim tokens through the platform according to each project's individual vesting schedule. This ties platform participation directly to token ownership, making the Launchpad both a distribution channel for new games and a demand driver for ELIX.

Staking

Elixir's staking portal allows ELIX holders to lock tokens within the launcher interface for time-weighted rewards. Lock periods and rates range from approximately 5% APR for a 30-day lock to 22% APR for a 360-day commitment, with a minimum stake of 5,000 ELIX. Staking determines which Launchpad tier a user occupies, gating access to IDO participation, exclusive game airdrops, governance voting, and premium platform features. An ELIX/SOL liquidity farm on Raydium was also deployed to incentivise on-chain liquidity.

The ELIX Token

[[TOKEN:5cbq1HriesW4zHpFEk9Gc8UT4ccmfHcBTDCa2XcBduTo]] is a Solana SPL token with a hard cap of 1.5 billion tokens. At the Token Generation Event, the token launched at $0.05, implying a fully diluted valuation of $75 million. The distribution breakdown is:

• Ecosystem rewards: 32.7%
• Private sales (combined): 17.7%
• Team: 17%
• Reserves: 7%
• Liquidity: 7%
• Marketing: 6%
• Staking and Launchpad rewards: 5%
• Advisory: 5%
• IDO: 2.3%
• KOL incentives: 0.3%

Team and advisory allocations carry a 365-day lockup followed by 36-month vesting with no TGE unlock. Private sale investors face 90-day lockups then 24-month vesting. Ecosystem and staking rewards vest over 42 months with a 5% initial release. Liquidity tokens unlock in full at TGE.

A deflationary mechanism burns 0.5% of all platform transactions, creating a continuous reduction in circulating supply tied to platform activity. Token utility spans staking rewards, Launchpad allocation access, governance votes over which games receive incubation support, exclusive airdrops from platform titles, marketplace cashback on launcher purchases, and premium feature and seasonal pass access.

As of mid-2026, circulating supply sits at roughly 245.9 million ELIX — about 16.4% of the hard cap — with the token trading significantly below its TGE price, reflecting broader contraction in Web3 gaming valuations since 2024.

Funding and Team

Elixir raised a total of $20 million across funding rounds, including a $14 million seed round announced in March 2024. Investors include Square Enix and Sino Global Capital as lead participants, with the Solana Foundation and Shima Capital also contributing. CEO Carlos Roldan leads the company. The Solana Foundation's participation as both investor and ecosystem backer aligns with Elixir's choice to deploy its primary infrastructure — the ELIX token and both on-chain programs — on Solana Mainnet.

Elixir also announced a strategic partnership with Ava Labs targeting use of Avalanche infrastructure for specific gameplay and digital asset use cases, reflecting the platform's multi-chain positioning.

Ecosystem Fit

Elixir's Solana footprint consists of two on-chain programs: a Launchpad program and a Blockchain Gaming Infrastructure program (the main product). Both operate on Solana Mainnet alongside the ELIX SPL token, making Elixir one of the more substantial game distribution and launchpad platforms building on Solana — differentiated from single-title game projects or NFT-focused protocols by its launcher-first, multi-title approach targeting player acquisition at scale.

The platform's core thesis is that the friction separating mainstream gamers from Web3 games is primarily distribution and wallet complexity. A familiar launcher interface, backed by a token economy that rewards participation, is positioned to convert existing gamers into on-chain participants without requiring them to understand the underlying infrastructure.