1H
-0.34%$0.0047
24H
-1.39%$0.0196
7D
-13.8%$0.2231
30D
-25.2%$0.4675
Since the halving event, Stacks (STX) token surged by 20%, Elastos’ ELA token has surged by 11%, while SatoshiVM’s SAVM has seen a 5% increase in value.
Elastos aims to use BeL2 to allow users to stake their Bitcoin holdings directly on the service.
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.
The risks that come with investments call for proper directives so as to know the right steps to take and decisions to make when investing. The following guide about the KISS principle will help investors lead their investment-making processes.
Do you want to know more about the most influential financial institution in the US, which is Federal Reserve System? Here’s all you need to know about what it is and how it provides the nation with a safe, flexible, and stable monetary and financial system.
