What is the total circulation of Elastos (ELA) coins?

Despite accounting for nearly 70% of the total supply, the circulating supply of Elastos (ELA) coins is still substantial, indicating a potentially large user base.

Jan 08, 2025 at 12:26 pm

Key Points:

• Overview of Elastos (ELA)
• Total Circulation and Supply
• Distribution of ELA Coins
• Current Market Performance
• Future Potential of ELA

Overview of Elastos (ELA)

Elastos (ELA) is a decentralized blockchain platform that aims to provide a secure and scalable foundation for developing and deploying decentralized applications (dApps). It combines the power of blockchain technology with the flexibility of a virtual machine, allowing developers to create complex and innovative applications that run on a distributed network. ELA has gained recognition as a leading smart contract platform in the cryptocurrency industry.

Total Circulation and Supply

The total circulation of Elastos (ELA) coins is currently 54,212,698 ELA, accounting for approximately 69.4% of the total supply. The maximum total supply of ELA coins is fixed at 78,911,763 ELA.

Distribution of ELA Coins

The distribution of ELA coins is as follows:

• Circulating Supply (69.4%): ELA coins that are currently in circulation and available for trading or use in the Elastos network.
• Reserved for Ecosystem Growth (22.9%): A portion of ELA coins allocated for the growth and development of the Elastos ecosystem, including funding for research, partnerships, and community initiatives.
• Team Reserves (4.4%): A portion of ELA coins held by the Elastos core team to support the long-term development and stability of the platform.
• Founders and Advisors (3.3%): A portion of ELA coins allocated to the founders and early advisors of the Elastos project in recognition of their contributions to the platform's development.

Current Market Performance

As of April 18, 2023, Elastos (ELA) is ranked 28th in terms of market capitalization among cryptocurrencies, with a market cap of approximately $1.14 billion. The current price of ELA is around $20.62, and the trading volume in the past 24 hours is $224,821,119.

Future Potential of ELA

Elastos has a strong track record of development and partnership, with a growing ecosystem of dApps and tools. The platform's focus on secure and scalable solutions has positioned it as a potential leader in the future of blockchain development. Key factors that could drive the future potential of ELA include:

• Strong ecosystem growth: The Elastos ecosystem continues to expand, with new dApps and tools being developed and integrated into the platform. This growth could lead to increased demand for ELA coins and the expansion of the Elastos community.
• Real-world applications: Elastos is actively exploring and implementing real-world applications for its technology, such as supply chain management, digital identity, and healthcare. These initiatives could demonstrate the practical value of ELA and increase its adoption in various industries.
• Technological advancements: Elastos is constantly developing and improving its technology, including upgrades to its virtual machine, consensus algorithms, and scalability solutions. These advancements could enhance the performance and capabilities of the platform, attracting developers and users alike.

FAQs:

1. What can I do with ELA coins?
ELA coins can be used for various purposes within the Elastos ecosystem, including:

• Paying for transaction fees on the Elastos network
• Staking to earn rewards and contribute to the network's security
• Participating in governance and voting on platform decisions
• Purchasing goods and services within the Elastos ecosystem

2. How do I buy ELA coins?
ELA coins can be purchased through various cryptocurrency exchanges, including Binance, Huobi, and OKX.

3. Is Elastos a good investment?
The value of ELA coins, like any other cryptocurrency, is subject to market fluctuations and cannot be guaranteed. However, Elastos has a strong team, a growing ecosystem, and a focus on real-world applications. These factors could contribute to the future growth and potential of the platform.