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How much is the Elastos (ELA) currency in circulation?
With a circulating supply of 24,740,674 tokens, ELA's issuance follows a halving schedule, rewarding stakers with new tokens while empowering holders to shape the Elastos Ecosystem through community governance.
Jan 04, 2025 at 06:34 am
Key Points:
- ELA Tokenomics
- ELA Supply and Dynamics
- ELA Distribution
- ELA Staking Rewards
- ELA Community and Governance
ELA Currency in Circulation
- The total supply of ELA is 33,940,674 tokens.
- The current circulating supply of ELA is 24,740,674 tokens.
- The remaining 9,200,000 ELA tokens are reserved for the Elastos Ecosystem Fund.
ELA Supply and Dynamics
- ELA issuance follows a halving schedule, with the block reward halving every 4 years.
- The initial block reward was 16 ELA per block.
- The current block reward is 4 ELA per block.
- The final block reward halving is expected to occur in 2045, leaving a block reward of 0.25 ELA per block.
ELA Distribution
The initial distribution of ELA tokens was as follows:
- 35% to the Elastos Foundation
- 25% to the Elastos community
- 20% to early investors
- 10% to advisors and partners
- 10% to the Elastos Ecosystem Fund
ELA Staking Rewards
- ELA holders can stake their tokens to earn rewards.
- Staking rewards are distributed in the form of new ELA tokens.
- The staking reward rate varies depending on the number of staked ELA tokens and the overall network activity.
ELA Community and Governance
- ELA holders play an active role in the Elastos community and governance.
- ELA holders can vote on proposals to change the Elastos protocol and ecosystem.
- The Elastos community elects representatives to serve on the Elastos Council, which oversees the development and governance of the Elastos Ecosystem.
FAQs:
- What is the use case of ELA tokens?
ELA tokens are used to:
* Secure the Elastos blockchain
* Pay for transaction fees
* Stake to earn rewards
* Participate in community governance
- How can I buy ELA tokens?
ELA tokens can be purchased on cryptocurrency exchanges such as Binance, Huobi, and KuCoin.
- What is the future of ELA?
The future of ELA depends on the adoption and growth of the Elastos Ecosystem. The Elastos Foundation is actively developing new use cases and partnerships for the Elastos blockchain, which could lead to increased demand for ELA tokens.
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