1H
-0.02%$0.0001
24H
0.54%$0.0032
7D
-4.16%$0.0257
30D
-41.1%$0.4125
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.
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Bitcoin and other cryptocurrencies have taken the world by storm. Over the past few years, their value has skyrocketed, and more people are investing in them daily. But what exactly are Bitcoin and other cryptocurrencies? And what is the difference between coins, altcoins, and tokens? This guide will discuss the differences between these three terms and provide a comprehensive guide to understanding them!