aelf（ELF）coin launch date

The aelf mainnet and its native ELF coin were simultaneously launched on December 18, 2019.

Dec 13, 2024 at 11:52 am

aelf (ELF) Coin Launch Date

Introduction

aelf is a decentralized blockchain platform designed to provide high-throughput, high-scalability, and high-security solutions for enterprise applications. The aelf mainnet was launched on December 18, 2019, and the ELF coin, the native token of the aelf platform, was launched on the same day.

Pre-Launch Development

Prior to the launch of the aelf mainnet and the ELF coin, the aelf team engaged in extensive research and development to ensure the platform's robustness and scalability. Key milestones during the pre-launch phase included:

• 2017: Development of the aelf whitepaper and the initial concept of the aelf blockchain platform.
• 2018: Launch of the aelf testnet and development of smart contract support and decentralized applications (dApps).
• 2019: Completion of the aelf mainnet development and launch of the aelf 1.0 mainnet on December 18, 2019.

ELF Coin Launch

The ELF coin is the native token of the aelf platform and serves several important functions:

• Transaction fees: ELF is used to pay transaction fees on the aelf blockchain.
• Network security: ELF holders can participate in consensus mechanisms to secure the aelf network.
• Governance: ELF holders can participate in the governance of the aelf platform by voting on proposals and electing delegates.

The ELF coin was launched simultaneously with the aelf mainnet on December 18, 2019. The initial supply of ELF was 1 billion coins, with 500 million coins allocated to a public sale and 500 million coins reserved for the aelf team and ecosystem development.

ELF Token Sale

The ELF token sale was conducted in two phases:

• Private sale: A private sale of ELF tokens was held from July 15, 2019, to September 15, 2019, raising approximately $24 million.
• Public sale: A public sale of ELF tokens was held on October 15, 2019, raising approximately $16 million.

The ELF token sale was a success, demonstrating strong investor interest in the aelf platform and the ELF coin.

ELF Coin Performance

Since its launch, the ELF coin has experienced significant price volatility. The price of ELF reached an all-time high of $0.57 in January 2021, following the overall bull market in the cryptocurrency industry. However, the price of ELF has since declined and is currently trading around $0.05 as of November 2023.

Conclusion

The launch of the aelf mainnet and the ELF coin marked a significant milestone in the development of the aelf ecosystem. The ELF coin has played a crucial role in securing the aelf network, enabling transactions, and facilitating governance. While the price of ELF has experienced volatility, the coin remains a key component of the aelf platform and has the potential for long-term growth as the adoption of aelf solutions increases.