HeyElsa announces ELSA token economics and distribution details

HeyElsa, an encrypted AI agent protocol, has announced the ELSA token economics. The total supply of tokens is 1 billion, with teams accounting for 7%, foundations accounting for 34.49%, communities (airdrops and incentives) accounting for 40%, investors accounting for 10.51%, and liquidity accounting for 8%. Of the 40% allocated by the community, 20% (8% of the total circulation) will be unlocked on TGE, and the remaining portion will be unlocked linearly within 48 months. HeyElsa will raise $3 million in June 2025, led by M31 Capital and with participation from Coinbase Ventures, MH Ventures, Absolute Digital, Levitate Labs, and others. The funds will be used to develop a crypto AI stack that converts natural language into on chain actions.