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Elastos (ELA) coin issuance price, total amount and white paper introduction

Elastos (ELA) had an initial pre-sale price of $1 per coin, with a capped total supply of 33 million coins, aiming to build a secure and decentralized SmartWeb.

Jan 03, 2025 at 01:20 pm

Key Points:

Elastos (ELA) Pre-Sale Issuance Price: $1 per ELA
Total Supply of ELA Coins: 33,000,000
White Paper Introduction: Elastos SmartWeb Architecture and Vision

1. Elastos (ELA) Coin Issuance Price

The Elastos (ELA) cryptocurrency was initially issued during a pre-sale phase in 2017. During this pre-sale, ELA coins were offered at a price of $1 per coin. This pre-sale phase aimed to raise funds for the development and growth of the Elastos ecosystem.

2. Total Amount of ELA Coins

The total supply of ELA coins is capped at 33,000,000 coins. This fixed supply is designed to prevent inflation and maintain the value of ELA coins over time. The distribution of ELA coins is as follows:

Pre-sale: 26,400,000 ELA
Team and Advisors: 4,800,000 ELA
Ecosystem Development Fund: 1,800,000 ELA

3. White Paper Introduction: Elastos SmartWeb Architecture and Vision

The Elastos white paper introduces the core concepts and architecture of the Elastos platform. It describes the vision of a decentralized, secure, and user-centric internet, known as the "SmartWeb." Key aspects of the white paper include:

Elastos Runtime (ER): A virtual machine that enables the execution of decentralized applications (dApps).
Elastos Carrier Network (ECN): A global network of distributed carrier nodes that provide secure and private connectivity.
Decentralized Identity (DID): A unique and verifiable identifier that empowers users with control over their digital identity.
Elastos Sidechains: Layer-2 solutions that extend the functionality of the Elastos blockchain and enable the development of custom applications.

FAQs:

Q: Why was the pre-sale price of ELA only $1?
A: The low pre-sale price was used as a means to raise funds for the initial development of the Elastos ecosystem while also making ELA coins accessible to a wider audience.

Q: Is the supply of ELA coins capped?
A: Yes, the supply of ELA coins is capped at 33,000,000 coins to prevent inflation and maintain the value of ELA coins.

Q: What is the purpose of the Elastos Runtime (ER)?
A: The Elastos Runtime (ER) serves as a virtual machine that provides a secure and isolated environment for the execution of decentralized applications (dApps) on the Elastos platform.

Q: What is the role of the Elastos Carrier Network (ECN)?
A: The Elastos Carrier Network (ECN) forms a global network of distributed carrier nodes that provide high-throughput and low-latency connectivity to Elastos applications and services, ensuring secure and private communication.

Q: How does Decentralized Identity (DID) benefit users?
A: Decentralized Identity (DID) provides users with control over their digital identities, enabling them to own and manage their data securely without relying on third-party platforms or intermediaries.

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