1H
-2.43%$0.0299
24H
-0.76%$0.0092
7D
-4.41%$0.0554
30D
-25.6%$0.4136
Elastos is a blockchain-powered Internet in which you have complete control of your digital assets. As a creator, this includes your books, movies, games, etc. Or even as an average user, your data. The project’s team believes that Ethereum and other dapp platforms face limitations at scale. They argue that they’re great for smart contracts but are slow, inflexible, and inconvenient for full applications. On a fundamental level, Elastos is a platform for decentralized apps (dapps) that solves these issues. ELA is the currency of the Elastos network. You can use them for any activity on the system such as investing in digital assets, trading, or paying fees – to name a few. The token economics and distribution for this token are complex. The team minted 33 million ELA in the Genesis block, and a large chunk of them was locked up by investors for interest rewards. Those rewards vary from 4 to 6 percent depending on the lock-up duration. The team has also reserved half of the token supply to reward people who contribute to the ecosystem. Additionally, the network creates ELA at a 4% yearly inflation rate through a process called merged mining.
There are many diverse ways of how FinTech is transforming financial services and changes the way consumers interact with existing business models. Here’re the major categories of FinTech application.
Tapzi is a skill-based gaming platform that lets players compete in classic games like Chess, Checkers, and Rock-Paper-Scissors for real crypto rewards.