1H
-0.72%$0.0043
24H
-2.15%$0.0130
7D
4.40%$0.0249
30D
-29.5%$0.2474
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.
Let’s look at how traders with clean capital pick the right cryptocurrency exchange. Read on and you’ll be a pro at finding places that fit safety demands.
The guide provides an explanation on PancakeSwap (CAKE) – BSC-based DEX that facilitates the trading of BEP-20 tokens and implements AMM.