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

The issuance price of Elastos (ELA) coins, initially offered to the public in 2017, was $0.30 USD, with a total of $37 million raised in the crowdsale.

Nov 28, 2024 at 05:13 pm

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

Elastos (ELA) is a decentralized, open-source blockchain platform that aims to provide a secure and scalable platform for building and deploying decentralized applications (dApps). The ELA token is the native cryptocurrency of the Elastos ecosystem and is used to pay for transaction fees, staking, and other purposes.

Issuance Price of ELA Coins

The issuance price of ELA coins is the price at which the coins were first offered to the public. The ELA crowdsale was held in 2017 and raised a total of $37 million. The issuance price of ELA coins was $0.30 USD.

Token Distribution

The ELA token supply is divided into the following categories:

50% - Crowd sale
25% - ELA Foundation
15% - Team and advisors
10% - Community development

Current Market Price of ELA Coins

As of writing, the current market price of ELA coins is $9.47 USD. This represents a significant increase from the issuance price of $0.30 USD.

Factors Affecting the Price of ELA Coins

The price of ELA coins is influenced by a number of factors, including:

Adoption: The adoption of Elastos by developers and users is a key factor in determining the price of ELA coins. As more people use Elastos, the demand for ELA coins will increase, which will lead to a higher price.
Competition: Elastos faces competition from other blockchain platforms, such as Ethereum and EOS. The success of these competing platforms could impact the price of ELA coins.
Market sentiment: The overall sentiment in the cryptocurrency market can also affect the price of ELA coins. If the market is bullish, investors are more likely to buy ELA coins, which will lead to a higher price.

Conclusion

The issuance price of ELA coins was $0.30 USD. The current market price of ELA coins is $9.47 USD. The price of ELA coins is influenced by a number of factors, including adoption, competition, and market sentiment.

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