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Elowen Whitepaper

Abstract. Elowen is a decentralized AI project that allows users to interact with fictional and non-fictional characters while contributing to the development of AI models. The platform is designed to be community-driven, enabling creators to earn elowen.ai LogoELW tokens through periodic reward distribution based on the usage of their chatbots. elowen.ai LogoELW is fully controlled by a Solana program, preventing any manual interference or large-scale token selloffs.

Table of Contents

  1. Background
  2. Technology
  3. Economy
    1. Reward Distribution
    2. Presale
    3. Liquidity Pool
    4. Burning
    5. Liquidity Mining
    6. Advertisements
    7. Premium Accounts
  4. Products
    1. Website
    2. Telegram Bot
    3. X (formerly Twitter) Bot

Glossary

  • PDA: Program-derived address. A Solana address generated by a program.
  • Program: A smart contract deployed on the Solana blockchain.
  • FOMO: Fear of Missing Opportunity
  • EDA: Ecosystem Development Allocation
  • CPM: Cost per Mille

1. Background

As of the first quarter of 2025, AI agents and AI meme tokens are growing fast. Even projects with no real purpose can reach millions in market value within weeks. When a strong marketing campaign meets AI hype, people buy these assets without research, driven by FOMO.

Due to the lack of real use cases, these projects are called “AI Meme” coins—not because they are funny or not. However, they have extremely strong communities that will promote the project no matter what. Having a dedicated community is a great advantage when paired with real utility. This is how the idea of Elowen was formed. A strong community with real utility.

Needless to say, Elowen aims to be a community-driven AI project. The “communitydriven” aspect is vital to our essence. Instead of relying on a corporation to build AI models, we depend on a community that holds the power to make decisions, enhance the project, and create their own personalized AI agents, in accordance with the spirit of Web 3.

What is Elowen?

Elowen is a decentralized AI project that allows you to chat with fictional/nonfictional characters and earn elowen.ai LogoELW token by contributing to model database. Elowen aims to provide wide range of support on different platforms, a strong economic infrastructure, and bring utility to the AI meme sector.

The main idea is to decentralize what roleplay AI services did in a less censored way. There are 2 consumer types of Elowen:

  1. Users: The target audience will interact with AI chatbots, purchase premium accounts to access exclusive chats to remove advertisements, and contribute to improving AI models through regular conversations.
  2. Creators: Users who train AI personas and earn a share of the periodic elowen.ai LogoELW reward distribution.

Since we incentivize creators with token rewards, they are more likely to develop highquality chatbots.

A creator's share of the elowen.ai LogoELW reward distribution depends on the usage metrics of their chatbot. The more active a chatbot is, the larger the share it receives. The usage metric is calculated as a weighted average, where interactions from premium users carry more weight than those from non-premium users. If a premium user engages with a chatbot, the creator earns a larger share.

This is the main idea of Elowen. Turning the hard work of chatbot developers into profit in a decentralized network.

2. Technology

Most of the Elowen codebase is open source. Our goal is to make it as transparent as possible. Especially for usage statistics, every creator should be able to track and compare their usage amount to be sure they get the right share. That’s why we provide public endpoints for statistics.

Elowen architecture is designed with multiple components:

  • Web App
  • Microservices
  • Smart Contracts
  • Public Endpoints
  • Social Media Bots

Elowen website is built with Next.js. To provide a better user experience for non-Web3 users, we implemented wallet abstraction in our web app.

The native blockchain of Elowen is Solana. Programs are written with Anchor framework.

All of the smart contracts (Solana programs) are open source, as well as the microservices. They all are published under a Github organization: https://github.com/elowen-ai/

3. Economy

TL;DR

  • Total Supply: 1,000,000,000 elowen.ai LogoELW
  • Reward Allocation: 50% reserved for creator rewards.
  • Reward Period: Monthly, with 3 halvings per year.
  • Initial Reward: 62,500,000 elowen.ai LogoELW tokens.
  • Team Fund Lock: Locked for 1 year, 25% unlock every 3 months.
  • Presale: 2 strategies, 3 and 6 months of lock duration.
  • Liquidity Pool: Initially 10%, maximum 20% of the total supply

Reward Distribution

The most important part of the Elowen economy is the reward cycle.

Maximum elowen.ai LogoELW supply is 1B (1,000,000,000). Half of it is reserved for reward distribution.

Every 4 months, reward amount halves. It means there are 3 halvings in a year. The initial reward is 62,500,000 elowen.ai LogoELW tokens

The reward distribution formula is:

6.25×107×∑i=0∞12⌊i4⌋6.25 \times 10^7 \times \sum_{i=0}^{\infty} \frac{1}{2^{\left\lfloor \frac{i}{4} \right\rfloor}}

Where 𝑖 is the reward month index.

In other words, there are infinite amount of halvings and reward amount is halved 3 times in a year. A single reward period is a month. That’s why we have 3 halvings per year.

Every month, same reward amount is distributed. You can calculate a month’s reward distribution amount with the following Python code:

from datetime import datetime, timezonefrom dateutil.relativedelta import relativedeltadef calculate_reward_distribution(n: int) -> int:				BASE_REWARD = 62_500_000				initial_date = datetime.now(timezone.utc)				future_date = initial_date + relativedelta(months=n)				months = (future_date.year - initial_date.year) * 12 +(future_date.month - initial_date.month)				halving = months // 4				return BASE_REWARD >> halvingcalculate_reward_distribution(0) # 62,500,000calculate_reward_distribution(1) # 62,500,000calculate_reward_distribution(2) # 62,500,000calculate_reward_distribution(3) # 62,500,000calculate_reward_distribution(4) # 31,250,000calculate_reward_distribution(5) # 31,250,000calculate_reward_distribution(6) # 31,250,000calculate_reward_distribution(7) # 31,250,000calculate_reward_distribution(8) # 15,625,000calculate_reward_distribution(9) # 15,625,000calculate_reward_distribution(10) # 15,625,000calculate_reward_distribution(11) # 15,625,000

Here is a graph of reward distribution for every 4 months:

Reward Distribution Graph

After publishing Elowen web app, we are planning to publish thousands of AI chatbots in advance. Since this situation will create an unfair competition, we will move these assets to platform PDA. Over time, they will be allocated for CEX listings, expanding liquidity pools, and creating new liquidity pools. Additionally, token burns will be carried out periodically based on evolving conditions.

Presale

We plan to offer elowen.ai LogoELW tokens for sale in two currencies

  • USDC
  • SOL

The funds raised in each currency will be directed to their respective liquidity pools on Raydium.

There will be 2 purchase strategy for users:

  • Locked for 3 months, more expensive token price.
  • Locked for 6 months, cheaper token price.

A portion of the funds raised during the presale will be allocated to the EDA (Ecosystem Development Allocation) PDA, covering operational expenses of the project, including infrastructure, marketing, and ecosystem incentives.

All of the tokens that are not sold during presale will be burned.

Liquidity Pool

Initially, 10% of the total supply will be reserved for the liquidity pool. As the platform grows, we plan to expand this to 20%, which represents the maximum allocation designated for liquidity.

During the presale, tokens purchased with USDC will be added to the USDC-ELW liquidity pool, and those purchased with SOL will be directed to the SOL-ELW pool.

LP tokens acquired through liquidity provision will be staked, with staking rewards and swap fees allocated for token buybacks and subsequent burns.

In the long term, depending on the size of the liquidity pool, LP tokens will be burned percentage wise, which means the liquidity will remain locked forever.

Burning

We aim to reduce the circulating supply of tokens over the long term. The following operations will contribute to the token burn process:

  • All tokens that remain unsold during the presale
  • LP staking rewards and swap fees
  • A portion of the platform rewards
  • 10% of premium account payments made in elowen.ai LogoELW

Advertisements

Elowen allows publishers to display ads on specific chatbot pages. For example, a technology ad can appear on a futuristic character’s page, or a dating ad on a romantic character’s page. Ad prices are based on chatbot usage—more usage means a higher CPM.

Premium Accounts

There are three benefits of premium accounts:

  1. No rate-limit
  2. Access to premium chats
  3. No advertisement experience

Some creators may choose to make their chatbots exclusive to premium users, meaning only those with premium access will be able to engage with these chats. While premium chats typically attract fewer users, they tend to generate a higher revenue per user.

Premium users will enjoy an ad-free experience while chatting.

Additionally, there are no rate limits for premium users—they can interact with any chatbot without restrictions.

There are several ways to obtain a premium account:

  • Locking a fixed amount of elowen.ai LogoELW tokens for a specified duration
  • Making a payment in either elowen.ai LogoELW or $USDC

When a premium account is purchased using elowen.ai LogoELW, 10% of the payment will be burned. After a successful purchase, 90% of the elowen.ai LogoELW and all of the $USDC will be transferred to treasury wallet.

4. Products

At the end of the day, Elowen is nothing but an AI chatting application for end-users. That means we should make Elowen as reachable as possible

Elowen has 3 main product goals:

  1. Website – elowen.ai
  2. Telegram Bot - @ElowenAIBot
  3. X (formerly Twitter) Bot - @elowenbot

4.1 Website

Elowen’s website (elowen.ai) is the main hub for consumers and creators. Consumers can use Elowen chatbots on multiple platforms while creators ought to use the website.

There are key metrics creators can use. Advanced usage metric of their chatbots, how much elowen.ai LogoELW they are going to earn at next distribution, and a panel to create new chat personas.

Every created chatbot is listed at elowen.ai. Consumers can easily search across multiple chat characters. The advantage of searching in the website is, users may want to try other personas of same characters created by different people. In other implementations of Elowen, this is not possible since they can only interact with the 10 most popular chatbot of the same character as long as they don’t have the ID of a specific chatbot.

4.2 Telegram Bot

@ElowenAIBot is a simple Telegram bot that allows users to interact with chat characters in Telegram.

To list every possible command, type /help and follow the tutorial.

You can start a chat by entering character’s name or chatbot ID, and leave the chat with /exit command.

4.3 X (formerly Twitter) Bot

To boost engagement, Elowen needs X (formerly Twitter) integration. Even someone unfamiliar with AI will come across interactions between fictional personas and real people, sparking their interest in using Elowen. No Web3 knowledge is required, making it an effective way to bridge the gap between Web2 and Web3 by introducing everyday users to decentralized products.

When users mention @elowenbot with a specific character name, a conversation starts as a Twitter thread, making it easily accessible to everyone. This also creates opportunities for viral AI-generated memes, proving that AI meme projects can have real use cases.