Who issued the Elastos (ELA) coin?

Elastos Foundation, established in 2017, issued the Elastos (ELA) coin to empower the decentralized blockchain ecosystem it aims to establish.

Jan 05, 2025 at 10:09 am

Who Issued the Elastos (ELA) Coin?

• Elastos Foundation is a non-profit organization established in Singapore in 2017.
• The foundation's mission is to build a decentralized, secure, and scalable blockchain ecosystem for smart cities and the Internet of Things (IoT).
• Elastos's native token, ELA, is used to power the Elastos ecosystem and to incentivize network participants.

Key Points

• ELA was issued by the Elastos Foundation. The foundation is a non-profit organization dedicated to building a decentralized blockchain ecosystem.
• ELA is the native token of the Elastos ecosystem. It is used to power the network and to incentivize network participants.
• ELA can be used to pay for goods and services within the Elastos ecosystem. It can also be used to stake for rewards and to vote on governance proposals.

FAQs

• Who is the founder of Elastos? Elastos was founded by Rong Chen, a Chinese-born entrepreneur.
• What is the purpose of Elastos? Elastos aims to create a decentralized, secure, and scalable blockchain ecosystem for smart cities and the Internet of Things (IoT).
• What is the total supply of ELA? The total supply of ELA is 33 million tokens.
• How can I buy ELA? ELA can be purchased on a variety of cryptocurrency exchanges, including Binance, Huobi, and OKEx.
• What is the future of Elastos? Elastos is a promising project with a strong team and a clear vision. The project has the potential to revolutionize the way we interact with the digital world.