I decided to try this process out of curiosity and i sent one exor to the elix address, when i checked my account i got one elix, is that how it is should be; have i missed something or i have messed things up ?
Yes. What you gave done appears to be correct and the way to convert EXOR to ELIX. Simply send EXOR to the ELIX contract address as per the DEV's instructions on the first page of this thread.
To convert EXOR to ELIX, send EXOR to the ELIX address:
0xc8C6A31A4A806d3710A7B38b7B296D2fABCCDBA8To view ELIX in your wallet, add the custom token with information:
Contract Address: 0xc8C6A31A4A806d3710A7B38b7B296D2fABCCDBA8
Symbol: ELIX
Decimals: 18
ELIXIR DEV Instructions Link:https://bitcointalk.org/index.php?topic=2144082.msg21449690#msg21449690