Which country issued aelf（ELF）coin?

Singapore founded aelf (ELF), a decentralized cloud computing network, in 2017.

Dec 16, 2024 at 08:04 am

Which Country Issued aelf（ELF）coin?

aelf (ELF), a decentralized cloud computing network, was founded in Singapore in 2017.

The aelf network aims to provide a scalable and secure platform for developing and deploying decentralized applications (dApps).

The ELF token plays a crucial role in the aelf ecosystem, serving as a governance token, a utility token, and a medium of exchange for various network operations.

Key Features of aelf (ELF):

Mainnet launch: December 2019
Consensus mechanism: Delegated Proof of Stake (DPoS)
Block time: 3 seconds
Transaction per second (TPS): Up to 1000 TPS

ELF Tokenomics:

Total supply: 800,000,000 ELF
Circulating supply: Approximately 460,000,000 ELF
Token distribution: 30% community, 20% team, 20% research and development, 20% early investors, 10% advisors

Use Cases of ELF Token:

Governance: ELF holders can participate in network governance by voting on proposals and electing delegates
Transaction fees: ELF is used to pay for transaction fees on the aelf network
Staking: ELF holders can stake their tokens to earn rewards and participate in the consensus process
DApp development: ELF can be used to develop and deploy dApps on the aelf network

Adoption and Partnerships:

aelf has secured several key partnerships with leading organizations in the blockchain industry, including:

Binance Labs: Binance Labs has invested in aelf and provides support for its development.
Huobi Capital: Huobi Capital has also invested in aelf and offers support for its ecosystem growth.
Microsoft Azure: aelf has partnered with Microsoft Azure to provide cloud computing services for its network.
Wanxiang Blockchain: aelf has collaborated with Wanxiang Blockchain to explore blockchain applications in the automotive industry.

Conclusion:

aelf (ELF) is a promising decentralized cloud computing network with a unique approach to scalability and security. Its strong partnerships and growing ecosystem position it as a potential leader in the industry.

The ELF token plays a vital role in the aelf network, serving as a governance token, a utility token, and a medium of exchange. Its tokenomics and use cases provide incentives for users to participate in the network and contribute to its growth.

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