What is the issuance amount of Elastos (ELA) coins?

The total number of ELA coins that will ever be created is 33 million, ensuring its scarcity and potential for value preservation.

Nov 30, 2024 at 04:14 pm

What is the Issuance Amount of Elastos (ELA) Coins?

Elastos (ELA) is a decentralized, open-source blockchain platform that focuses on providing a secure and scalable environment for dApps. The ELA cryptocurrency is the native token of the Elastos blockchain and is used to pay for transaction fees, staking, and governance.

The issuance amount of ELA coins is 33,000,000.

The issuance amount of a cryptocurrency is the total number of coins that will ever be created. This number is determined by the project's team and is often set in the blockchain's code. The issuance amount cannot be changed without a hard fork.

In the case of ELA, the issuance amount was set to 33,000,000 coins. This number was chosen to ensure that ELA would be a scarce asset, with a limited supply. The scarcity of ELA helps to protect its value from inflation and makes it more attractive to investors.

The following is a breakdown of the ELA issuance schedule:

20% of the total supply was released in the initial coin offering (ICO).
80% of the total supply was reserved for long-term development and community rewards.

The initial coin offering (ICO) was held in 2017 and raised a total of $18.5 million. The funds raised from the ICO were used to develop the Elastos blockchain and to market the project.

The remaining 80% of the ELA supply was reserved for long-term development and community rewards. This supply is being released gradually over time. The Elastos team is using this supply to fund ongoing development of the blockchain and to reward community members who contribute to the project.

The issuance amount of ELA coins is a key factor in determining the value of the cryptocurrency. The limited supply of ELA makes it a scarce asset, which helps to protect its value from inflation. The issuance schedule also ensures that the ELA supply will be released gradually over time, which will help to prevent large price fluctuations.

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