Introduction to the founder and team of Elastos (ELA) coin

Elastos' founding team, led by Rong Chen and Qifeng Chen, combines expertise in computer science, blockchain, and entrepreneurship.

Jan 09, 2025 at 02:33 pm

Key Points

• Overview of Elastos (ELA) and Its Mission
• Founding Team and Their Accomplishments
• Key Investors and Strategic Partnerships
• Development Foundation and Funding
• Community and Ecosystem Engagement

Introduction to Elastos (ELA) Coin

Elastos, represented by its native token ELA, is a decentralized blockchain ecosystem that aims to establish a new internet infrastructure for smart web applications and decentralized autonomous organizations (DAOs). Elastos provides a platform for developers to create secure, privacy-preserving applications and utilize decentralized storage and computing services.

Founding Team and Their Accomplishments

Rong Chen, Founder and CEO

• Renowned computer scientist and serial entrepreneur
• Co-founded the mobile internet company Cheetah Mobile
• Recipient of multiple technology and innovation awards
• Founded Elastos in 2017 with a vision to create a new era of Internet technology

Qifeng Chen, Co-Founder and CTO

• Veteran software developer and blockchain expert
• Previously worked at Alibaba and Micron Technology
• Played a key role in developing Elastos' core blockchain technology and distributed operating system

Key Investors and Strategic Partnerships

Investment Partners

• Fosun Venture Capital
• SoftBank China
• ZhenFund
• Fundamental Labs

Strategic Partnerships

• Baidu Cloud (enterprise cloud computing)
• Tencent Cloud (enterprise cloud computing)
• Samsung Electronics (blockchain solutions)

Development Foundation and Funding

The Elastos Foundation is a non-profit organization responsible for overseeing the development and governance of the Elastos ecosystem. The foundation has an annual budget of around $25 million to support research, development, and community outreach programs.

Community and Ecosystem Engagement

Elastos has a growing community of developers, enthusiasts, and users worldwide. The community is actively engaged in building decentralized applications, contributing to the codebase, and promoting the platform's adoption.

FAQs

What is the purpose of Elastos?

Elastos aims to revolutionize the current internet infrastructure by enabling the creation of truly decentralized and secure web applications, DAOs, and other digital services.

Who created Elastos?

Elastos was founded by a team led by Rong Chen, a renowned computer scientist, and Qifeng Chen, a blockchain expert.

What is the native token of the Elastos ecosystem?

The native token of the Elastos ecosystem is ELA. It is used for various purposes, including network fees, governance, and accessing premium services.

Who are the key investors in Elastos?

The key investors in Elastos include Fosun Venture Capital, SoftBank China, ZhenFund, and Fundamental Labs.

What is the role of the Elastos Foundation?

The Elastos Foundation is a non-profit organization that oversees the development, governance, and adoption of the Elastos ecosystem. It provides funding for research, development, and community engagement programs.

What is the difference between Elastos and other blockchain platforms?

Elastos is unique in its focus on providing a comprehensive solution for decentralized applications, including a blockchain, distributed operating system, and support for smart contracts. It also features a unique approach to identity management and privacy protection.