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What is the issuance price and issuance volume of ELF coins?
ELF coins, issued in a 2017 ICO at $0.10 each, have a total issuance volume of 1 billion coins, with 500 million sold during the ICO and the remainder held by the ELF team.
Nov 20, 2024 at 07:46 pm
What is the issuance price and issuance volume of ELF coins?
Issuance Price and Volume of ELF Coins
ELF coins were issued through an Initial Coin Offering (ICO) held in December 2017. The ICO raised a total of $18.5 million, with ELF coins sold at a price of $0.10 per coin. The total issuance volume of ELF coins is 1 billion, of which 500 million coins were sold during the ICO. The remaining 500 million coins are held by the ELF team and are used to fund the project's development.
Use of ELF Coins
ELF coins are used to pay for transaction fees on the Elastos ecosystem. They can also be used to purchase goods and services from merchants that accept ELF coins. In addition, ELF coins can be staked to earn rewards.
ELF Coin Price History
The price of ELF coins has fluctuated significantly since their ICO. The coin reached an all-time high of $2.24 in January 2018, but has since fallen to around $0.20. The price of ELF coins is likely to continue to fluctuate as the project develops and the broader cryptocurrency market evolves.
Other Key Information About ELF Coins
- Ticker Symbol: ELF
- Blockchain: Elastos
- Consensus Mechanism: Proof of Work
- Block Time: 60 seconds
- Transaction Fees: 0.001 ELF per transaction
- Circulating Supply: 500 million ELF
- Total Supply: 1 billion ELF
- Maximum Supply: 1 billion ELF
ELF Team
The ELF team is led by Rong Chen, a serial entrepreneur and investor. Chen is also the founder of Elastos, the blockchain platform that powers ELF coins. The ELF team also includes a number of other experienced engineers and developers.
ELF Roadmap
The ELF roadmap outlines the project's development plans for the future. The roadmap includes plans to launch a new mainnet, develop a number of new features, and expand the ELF ecosystem.
Conclusion
ELF coins are a cryptocurrency that is used to pay for transaction fees on the Elastos ecosystem. They can also be used to purchase goods and services from merchants that accept ELF coins. ELF coins are a relatively new cryptocurrency, but the project has a strong team and a clear roadmap. As the project develops, the price of ELF coins is likely to increase.
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