The current price of aelf is $0.50350. Since 00:00 UTC, aelf has decreased by -1.89%. It currently has a circulating supply of 736,367,969 ELF and a maximum supply of 1,000,000,000 ELF, giving it a fully diluted market cap of $370.91M. At present, the aelf coin holds the 0 position in market cap rankings. The aelf/USD price is updated in real-time.
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aelf (ELF) has emerged as an example of a project that takes blockchain technology to the next level. In a sector that has rapidly evolved since its inception just over a decade ago, aelf stands out with its innovative approach and commitment to continuous improvement. With a stable and scalable structure, aelf offers businesses the ideal platform to build and operate their applications.
Moreover, aelf goes beyond just providing a blockchain; it offers a range of tools and resources to empower developers and foster a thriving ecosystem. This dedication to advancement and developer engagement sets aelf apart in the ever-changing blockchain landscape.
What is aelf?
aelf is an innovative open-source blockchain network designed as a comprehensive business solution. Unlike traditional blockchain systems, aelf employs a unique architecture consisting of one main blockchain accompanied by multiple side chains. This structure empowers developers and businesses to create and operate their own individual ecosystems. By enabling independent deployment and using decentralized applications (DApps) on separate side chains, aelf achieves resource isolation and optimal efficiency. .
The aelf project team
The aelf project was established in 2017 by a team of skilled and experienced blockchain developers led by Ma Haobo. Their primary objective was to develop a platform that caters to developers' needs, providing them with a secure, scalable, high-performance environment to build applications.
The aelf ecosystem is built on cross-chain technology, utilizing main-chain index and verification mechanisms. This intelligent design facilitates secure communication between the main chain and various side chains, enabling seamless integration and interaction within the aelf network.
ELF: aelf’s native token
The ELF token serves as the native cryptocurrency of the aelf ecosystem. Launched in late December 2017, the ELF token was designed with a maximum supply of 1 billion, representing its total supply. As of July 2023, approximately 62.22 percent of the ELF tokens are in circulation, accounting for 622.19 million units.
ELF use cases
The token of the project, ELF, offers various advantages. For instance, those who stake ELF can become nodes and join in governing decisions. The node system has different roles, like production nodes, candidate nodes, and voters. This lets holders take part in voting and contribute to project choices. Users also use ELF to cover fees for transactions and side-chain activities. Moreover, developers can use ELF to buy resource tokens, like special tokens that help create projects on the aelf platform.
Distribution of ELF
The distribution of ELF tokens is as follows:
Twenty-five percent was allocated to the foundation, subject to a vesting period of 3 years.
Twenty-five percent was sold during the private sale.
Sixteen percent was retained by the team, with a vesting period of 2 years.
Twelve percent is reserved for mining purposes.
Seven percent was allotted to advisors, subject to a vesting period of 2 years.
Seven percent was earmarked for marketing purposes.
Five percent was distributed through airdrops to the community.
Three percent was dedicated to funding partnerships.
The future of ELF
Up to now, ELF has been successful in its approach to creating an ecosystem that efficiently supports DApps. Depending on what developers require, this ecosystem is designed to provide both connection and separation. Like Polkadot's parachains, aelf's sidechains let users operate in their environment while staying connected to the main chain.
ELF continues to work hard to establish itself in the industry. Their recent upgrade to mainnet version 1.4.1 is another step towards this goal. This upgrade has improved data transmission performance using gRPC streaming and enhanced node network communication by adding support for gRPC bidirectional streaming.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 108 new posts about aelf, driven by 22 contributors, and total online engagement reached 16K social interactions. The sentiment score for aelf currently stands at 92%. Compared to all cryptocurrencies, post volume for aelf currently ranks at 6854. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of aelf.
aelf offers several benefits, including scalability, flexibility, cross-chain interaction, governance, and more. It is known for security and reliability.
What is the ELF price prediction?
While it’s challenging to predict the exact future price of ELF, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is aelf worth today?
Currently, one aelf is worth $0.50350. For answers and insight into aelf's price action, you're in the right place. Explore the latest aelf charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as aelf, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as aelf have been created as well.
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