One article explains in detail all the ways to obtain Elastos (ELA) coins

For those looking to acquire ELA, various options exist, including purchasing on exchanges, mining, participating in community programs, accepting it as payment, or receiving it as a gift.

Jan 04, 2025 at 10:12 pm

Key Points

• Purchasing ELA on cryptocurrency exchanges
• Mining ELA through hardware or cloud mining
• Participating in community programs and earning rewards
• Acquiring ELA as a payment for goods or services
• Receiving ELA as a gift or donation

Purchasing ELA on Cryptocurrency Exchanges

• Register on a reputable cryptocurrency exchange that supports ELA trading.
• Verify your identity and comply with KYC/AML regulations.
• Deposit funds into your exchange account using supported fiat currencies or cryptocurrencies.
• Navigate to the ELA trading pair (e.g., ELA/USDT, ELA/BTC, ELA/ETH).
• Place a buy order with the desired amount and price for ELA.

Mining ELA through Hardware or Cloud Mining

• Hardware Mining:

  • Purchase specialized mining hardware such as ASICs or GPUs.
  • Set up a dedicated mining rig with appropriate hardware and software.
  • Join a mining pool or mine solo.
  • Receive ELA rewards for solving blockchain puzzles.

• Cloud Mining:

  • Contract with a cloud mining provider to rent mining power.
  • Choose a reliable provider with transparent contracts and low fees.
  • Pay a subscription or lease fees to access remote mining resources.
  • Receive ELA rewards proportional to your rented mining power.

Participating in Community Programs and Earning Rewards

• Join the Elastos community forums or social media groups.
• Participate in community activities such as contests, bounties, and development challenges.
• Earn ELA tokens as rewards for contributions and achievements.
• Assist in the development or improvement of Elastos ecosystem projects.

Acquiring ELA as a Payment for Goods or Services

• Find merchants or service providers that accept ELA as a payment method.
• Contact them to confirm their acceptance of ELA.
• Purchase goods or services using your ELA wallet or exchange account.
• Receive ELA back as a form of cashback or loyalty rewards from participating merchants.

Receiving ELA as a Gift or Donation

• Inform friends, family, or supporters about your interest in ELA.
• Provide them with your ELA wallet address or a QR code.
• Receive ELA tokens as a gift or donation from well-wishers or community members.

FAQs

• Which cryptocurrency exchanges support ELA trading?

  • Binance, Huobi, OKX, Coinbase, KuCoin

• What are the minimum hardware requirements for mining ELA?

  • ASIC miners: Bitmain Antminer E9, Innosilicon T3+, Canaan AvalonMiner 1246
  • GPUs: Nvidia RTX 3080, AMD Radeon RX 6800 XT

• Which cloud mining providers are reputable for ELA mining?

  • HashFlare, Genesis Mining, NiceHash

• How often do I receive rewards from mining ELA?

  • Block rewards are distributed every 2 minutes and 30 seconds

• What is the cost of cloud mining ELA?

  • Varies depending on the provider, hash rate, and subscription period