aelf（ELF）coin total supply

The aelf platform's native ELF coin serves as a utility token within the ecosystem for transaction fees, staking rewards, governance, and developer incentives.

Dec 15, 2024 at 05:56 pm

aelf (ELF) Coin Total Supply

aelf is a decentralized cloud computing platform that aims to provide a scalable, secure, and efficient environment for developers and entrepreneurs to build and deploy decentralized applications. The platform has its own native cryptocurrency, ELF, which is used to power the network and reward miners.

The total supply of ELF is 10 billion coins, with a circulating supply of approximately 2.8 billion coins as of March 2023. The remaining coins are held in reserve by the aelf Foundation and are gradually released into circulation through various mechanisms, such as staking rewards, airdrops, and ecosystem development grants.

Distribution of ELF Coins

The initial distribution of ELF coins was as follows:

• 25% allocated to the public sale
• 15% allocated to the team and early investors
• 10% allocated to marketing and ecosystem development
• 50% allocated to the aelf Foundation

Since the initial distribution, the majority of ELF coins have been distributed to the public through various mechanisms, including:

• Staking rewards: ELF holders who stake their coins to secure the network are rewarded with newly minted ELF coins.
• Airdrops: ELF coins have been airdropped to various cryptocurrency wallets and exchanges in the past, with the goal of promoting the adoption of the platform.
• Ecosystem development grants: ELF grants are awarded to developers and entrepreneurs who are building projects on the aelf platform.

Use Cases for ELF Coins

ELF coins are used for a variety of purposes within the aelf ecosystem, including:

• Transaction fees: ELF is used to pay transaction fees on the aelf blockchain.
• Staking rewards: ELF holders who stake their coins can earn rewards in the form of newly minted ELF coins.
• Governance: ELF holders can participate in the governance of the aelf platform by voting on proposals that affect the network's development.
• Developer incentives: ELF is used to incentivize developers to build projects on the aelf platform.

ELF Coin Price and Market Performance

The price of ELF has fluctuated significantly since its launch in 2017, influenced by various factors such as market conditions, platform developments, and cryptocurrency regulations. In general, the price of ELF has followed the broader cryptocurrency market trends, with periods of both significant gains and losses.

As of March 2023, the price of ELF is approximately $0.05, with a market capitalization of around $140 million. ELF is currently ranked among the top 500 cryptocurrencies by market capitalization.

ELF Coin Future Outlook

The future outlook for ELF is positive, as the platform continues to gain adoption and attract developers and entrepreneurs. The team behind aelf is committed to building a scalable, secure, and efficient infrastructure for decentralized applications, and they have a strong track record of delivering on their promises.

As the cryptocurrency market matures and the demand for decentralized applications grows, the demand for ELF is likely to increase. Additionally, the platform's staking rewards and governance mechanisms provide holders with additional incentives to hold ELF coins, which could further contribute to its long-term value.