Elastos ELA Price
$0.28
Rank 1409
-
1H
-0.42%$0.0012
24H
1.67%$0.0046
7D
-10.9%$0.0346
30D
-23.8%$0.0881
-
Market cap $6.51 M Full cap $7.40 M Volume 24H $468.67 K ATH $89.14
Elastos Price Chart
Elastos Market Data
Elastos price today
Today's live Elastos price is $0.28 USD, with a 24-hour trading volume of $468 672 USD. We provide real-time updates for the ELA to USD price. Elastos has increased by 1% in the last 24 hours. Currently ranked 1409 in the cryptocurrency market, Elastos has a live market cap of $6 510 308 USD, with a circulating supply of
23 088 698ELA coins and 28219999.00 maximum supply.
About Elastos
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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