When will the Elastos (ELA) coin be released?

The Elastos mainnet launched on April 29, 2019, empowering developers and users with decentralized blockchain capabilities for dApp development and service interaction.

Jan 05, 2025 at 01:50 pm

Key Points

• Elastos mainnet launch: April 29, 2019
• ELA coin distribution: Early 2019
• Exchange listing: April 15, 2019

When Will the Elastos (ELA) Coin Be Released?

Elastos Mainnet Launch: April 29, 2019

The Elastos mainnet, the decentralized blockchain network that powers the Elastos ecosystem, was officially launched on April 29, 2019. This marked a significant milestone in the development of the Elastos project, as it shifted from being a test network to a fully operational blockchain system. With the launch of the mainnet, developers and users gained complete access to the Elastos ecosystem and could interact with the decentralized applications (dApps) and services built on the platform.

ELA Coin Distribution: Early 2019

The ELA coin, the native cryptocurrency of the Elastos ecosystem, was distributed to contributors and participants in the Elastos ICO in early 2019. The ELA coin serves as the fuel for the Elastos network, enabling users to pay for transaction fees, purchase storage space, and access premium features and services within the ecosystem.

Exchange Listing: April 15, 2019

The ELA coin became available for trading on cryptocurrency exchanges on April 15, 2019. This marked a major step forward for the Elastos project, as it made the coin more accessible to traders, investors, and the wider cryptocurrency community. By listing the ELA coin on exchanges, Elastos increased the coin's liquidity and provided a platform for price discovery.

FAQs

Q: How much of the total ELA supply was distributed in the ICO?

A: Approximately 63.5% of the total ELA supply was distributed in the ICO.

Q: What are the different ways to acquire ELA coins?

A: ELA coins can be acquired through the following methods:

• Purchasing on cryptocurrency exchanges
• Participating in Elastos ecosystem activities and earning rewards
• Mining through a Proof-of-Work (PoW) consensus mechanism

Q: What is the use case of ELA coins in the Elastos ecosystem?

A: ELA coins play a vital role within the Elastos ecosystem and can be used for the following purposes:

• Transaction fees: ELA coins are used to pay for transaction fees incurred when sending or receiving tokens, deploying dApps, or accessing services within the Elastos network.
• Storage purchase: ELA coins can be used to purchase storage space on the Elastos blockchain, providing a secure and efficient platform for data storage and management.
• Premium access: ELA coins can be used to access premium features and services within the Elastos ecosystem, such as enhanced security features and developer tools.