What is the distribution model of Elastos (ELA) coins?

Elastos (ELA) implemented a token distribution model comprising pre-sale, crowdsale, team allocations, community support, and mining incentives to ensure fair distribution and long-term growth.

Dec 31, 2024 at 06:12 pm

Key Points of the Article:

• Overview of Elastos (ELA) Coin Distribution Model
• Pre-Sale and Private Sale Allocations
• ELA Crowdsale Details
• Token Distribution Timeline
• Community and Ecosystem Development Fund
• Team and Advisors Allocations
• Mining and Inflationary Distribution

What is the Distribution Model of Elastos (ELA) Coins?

Elastos (ELA), a decentralized smart contract platform, adopted a well-structured distribution model to ensure fair distribution and support its long-term growth. The model consists of various allocations to cater to different stakeholders, including pre-sale investors, crowdsale participants, team members, advisors, and the community.

Pre-Sale and Private Sale Allocations

Prior to the public crowdsale, Elastos conducted pre-sale and private sale rounds to raise funds for platform development and operations. These early investors received a combined allocation of 12% of the total ELA supply, with the specific distribution as follows:

• Pre-Sale: 5% of ELA supply, distributed to strategic investors and partners.
• Private Sale: 7% of ELA supply, allocated to venture capital firms and angel investors.

ELA Crowdsale Details

The main distribution event was the public crowdsale held in October 2017. During the crowdsale, Elastos sold approximately 58% of the total ELA supply to retail investors. The terms of the crowdsale were as follows:

• Token Price: 1 ETH = 8,000 ELA
• Hard Cap: 100,000 ETH
• Distribution: ELA tokens were distributed to participants within 24 hours of the crowdsale's conclusion.

Token Distribution Timeline

The ELA token distribution was phased over a period of time to ensure a gradual and balanced release of tokens into the market. The timeline was as follows:

• TGE: 20% of ELA supply released at token generation event.
• Month 1-3: 20% of ELA supply released linearly each month.
• Month 4-6: 15% of ELA supply released linearly each month.
• Month 7-12: 10% of ELA supply released linearly each month.

Community and Ecosystem Development Fund

Elastos dedicated a portion of its token supply to support community and ecosystem development. This fund, allocated 5% of the total ELA supply, was intended to nurture the growth of decentralized applications (dApps), developer tools, and community initiatives.

Team and Advisors Allocations

The Elastos team and advisors were also allocated a portion of the ELA supply, totaling 10%. This allocation compensated the team for their contributions to the project's development and provided incentives for future work.

Mining and Inflationary Distribution

A small portion of Elastos' total supply, 5%, was reserved for mining rewards. Block rewards gradually decreased over time, with the aim of controlling inflation and maintaining the long-term value of ELA.

FAQs:

• Why was ELA's token distribution model structured in this way?

  • The distribution model was designed to ensure a fair distribution of tokens among various stakeholders, including investors, the community, and the team.

• What was the purpose of the pre-sale and private sale allocations?

  • These rounds allowed Elastos to raise funds for platform development and operations before the public crowdsale.

• When were ELA tokens fully distributed?

  • All ELA tokens were distributed within 12 months of the token generation event (TGE).

• How does mining contribute to ELA's distribution?

  • Mining rewards distributed to miners supplement the initial token supply over time.

• What is the current token distribution of Elastos?

  • The current token distribution is as follows:

    • Circulating Supply: Approximately 80% of total supply
    • Pre-Sale and Private Sale: 12%
    • Team and Advisors: 10%
    • Community and Ecosystem Development Fund: 5%
    • Mining Rewards: 3%