Detailed introduction of Elastos (ELA) coin online trading platform and total amount

Elastos (ELA) is a decentralized smart contract platform with a dual-layer architecture, traded on major exchanges like Huobi Global, OKX, and Binance, with the total supply capped at 33 million.

Jan 03, 2025 at 07:34 pm

Key Points:

• Understanding Elastos (ELA) coin
• Online trading platforms for ELA
• Total amount of ELA in circulation
• Factors affecting ELA's price

Understanding Elastos (ELA) Coin

Elastos (ELA) is a decentralized smart contract platform designed to provide a secure and efficient ecosystem for decentralized applications (dApps) and digital assets. It features a unique architecture that comprises two main components: the Elastos Carrier and the Elastos Runtime.

• Elastos Carrier: A distributed operating system that provides a secure and private environment for dApps and digital assets. It manages user identities, communication, and data storage.
• Elastos Runtime: A virtual machine that allows developers to create and deploy dApps on the Elastos blockchain. It provides a range of tools and libraries to facilitate the development process.

ELA, the native coin of the Elastos ecosystem, serves as:

• A medium of exchange within the platform
• A reward for node operators securing the network
• A means to pay for services and resources on the blockchain

Online Trading Platforms for ELA

ELA can be traded on various cryptocurrency exchanges, each offering its own features and fees. Here are some of the popular platforms:

• Huobi Global
• OKX
• Gate.io
• KuCoin
• Binance

Huobi Global: A leading cryptocurrency exchange known for its high liquidity and trading volume. It offers a wide selection of cryptocurrencies, including ELA.

OKX: Another popular exchange with a strong focus on derivatives trading. It provides both spot and futures trading options for ELA.

Gate.io: A multi-asset exchange supporting a wide range of cryptocurrencies, including ELA. It is popular for its user-friendly interface and low trading fees.

KuCoin: A low-fee exchange that has gained popularity for altcoin trading. It offers spot, margin, and futures trading options for ELA.

Binance: The world's largest cryptocurrency exchange by trading volume. It offers a comprehensive platform for spot, margin, and futures trading, including support for ELA.

Total Amount of ELA in Circulation

The total supply of ELA is capped at 33 million, of which:

• 23.68 million are in circulation
• 9.32 million are locked in the Elastos Foundation's reserve

The distribution of ELA is as follows:

• Founders and Early Supporters: 40%
• Elastos Foundation: 35%
• Community Funding: 20%
• Partners: 5%

Factors Affecting ELA's Price

The price of ELA, like other cryptocurrencies, is influenced by a complex interplay of factors, including:

• Market demand and supply
• Adoption rate of the Elastos ecosystem
• Developments and updates within the Elastos platform
• Overall crypto market sentiment
• Regulations and industry news

FAQs

What is the purpose of Elastos (ELA) coin?

ELA is the native coin of the Elastos ecosystem, used for:

• Medium of exchange
• Reward for node operators
• Payment for services and resources

Which online trading platforms support ELA trading?

Popular exchanges that support ELA trading include:

• Huobi Global
• OKX
• Gate.io
• KuCoin
• Binance

What is the total amount of ELA in circulation?

The total supply of ELA is capped at 33 million, with 23.68 million currently in circulation.

What factors influence the price of ELA?

ELA's price is affected by market demand, adoption rate, platform developments, crypto market sentiment, and regulations.