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What is aelf (ELF)?

aelf basic info

Name:aelf
Ticker:
Introduction:

What Is aelf?

aelf is a customizable operating system (OS) specifically designed for blockchains, aiming to be the "Linux system" of the blockchain community. This multi-layer, multi-chain blockchain ecosystem is akin to Ethereum, developed to foster a cohesive decentralized application (dApp) environment. The aelf OS, built on top of the aelf platform, is an open-source operating system that encourages more streamlined dApp usage. It fundamentally transforms devices at their core, unlocking more intuitive dApp usage and paving the way for a decentralized cloud computing network.

In a world swiftly transitioning to a decentralized, cloud-based computing model, aelf is at the forefront, potentially revolutionizing the way we perceive and utilize blockchain technology. This platform is not just an advancement; it is a leap towards a more integrated and scalable blockchain infrastructure, capable of reshaping the internet landscape just as Android did in the mobile domain.

Resources

Whitepaper: https://aelf.com/gridcn/aelf_whitepaper_v1.7_en.pdf

Official Website: https://aelf.com/

How Does aelf Work?

To address the existing limitations of current blockchain technology, aelf introduced two primary innovations: side chains and a unique governance system. The aelf ecosystem comprises a main chain and numerous side chains dedicated to specific types of smart contracts. These side chains function to enhance scalability and prevent bloating in one area from affecting the entire network. They are connected to the main chain through a side chain index system, categorizing them into external chains of high importance (like Bitcoin and Ethereum) and internal side chains within the aelf OS.

The main chain serves as the backbone of the system, facilitating communication between side chains and interacting with external chains. This structure, akin to Ethereum's sharding technique, allows for efficient scaling and resource segregation. Moreover, aelf employs a Delegated Proof-of-Stake (DPoS) consensus system, fostering adaptable governance and enabling side chains to choose their consensus protocols, enhancing interoperability with both blockchains and legacy data.

What Is ELF Token?

The ELF token is the native token of the aelf platform, playing a central role in the ecosystem. Initially distributed through a private ICO token sale in December 2017, a total of 1 billion ELF tokens were created. This sale saw 250 million ELF tokens (25% of the total supply) distributed to private investors, including accredited venture capital firms like Alphabit and Blockchain Ventures. The remaining tokens are allocated for various purposes, including the aelf Foundation, team, advisors, mining, and marketing, with different vesting periods.

aelf's Impact on Finance

In the financial sector, aelf stands as a promising contender, potentially revolutionizing the way we perceive and interact with blockchain technology. Its robust architecture, coupled with a focus on scalability and interoperability, positions it as a next-generation blockchain platform to watch in the coming years. By fostering a more cohesive open-source platform, aelf could potentially lower the barrier to blockchain deployment, making it accessible not just to tech-savvy individuals but also to enterprises.

Furthermore, with the backing of substantial investment capital firms and a team actively seeking development partnerships, aelf is well-poised for blockchain success. Its approach to facilitating seamless interaction between blockchain-based dApps mirrors the early days of enterprise computing, hinting at a future where blockchain technology is more integrated and user-friendly, thereby potentially reshaping the financial landscape.

What Determines aelf's Price?

In the dynamic world of cryptocurrency, the aelf token price is influenced by a myriad of factors, akin to other digital assets in the blockchain space. The aelf (ELF) price today is a reflection of its current market demand, which is swayed by developments within the aelf ecosystem, a decentralized cloud computing network built on a multi-layer, multi-chain blockchain structure. Investors and enthusiasts keen on aelf crypto analysis often keep a close eye on developments. The aelf (ELF) market cap and aelf (ELF) live price are indicators of its current market stance, which can be analyzed for making informed aelf crypto investment decisions.

The aelf cryptocurrency price has seen fluctuations since its inception, with its peak price recorded at $2.52 on January 7, 2018. Those interested in the aelf (ELF) price history would note that the initial price surge was possibly due to the unveiling of the token to the market, post its private ICO token sale in December 2017. The aelf token news often highlights the active development within the aelf platform, including partnerships and community engagement initiatives, which have a bearing on the aelf (ELF) price forecast. Moreover, the aelf blockchain price is also influenced by the broader market trends and sentiments, which can be gauged through a detailed aelf cryptocurrency analysis.

As we look towards the aelf token future, it is essential to consider the robust architecture of the aelf platform, which promises a cohesive open-source platform for dApp development and interaction with existing aelf data. The aelf (ELF) price chart can be a vital tool for investors looking to buy aelf token, offering insights into its price trends and potential future trajectories. With a strong backing from over a dozen venture capital firms and a commitment to fostering a decentralized, cloud-based computing model, aelf stands as a promising entity in the blockchain space, poised for success and potentially a solid investment bet for 2023 and beyond.

Conclusion

In conclusion, aelf stands as a beacon of innovation in the burgeoning blockchain and cryptocurrency arena, leveraging its distinctive multi-layer, multi-chain architecture to foster a more scalable and integrated decentralized application (dApp) ecosystem. As the "Linux system" of the blockchain realm, it aims to redefine cloud-based computing by offering a cohesive open-source platform that facilitates streamlined dApp usage and interoperability. With its robust governance system and decentralized cloud computing capabilities, it is gradually reshaping the financial landscape by making blockchain technology more accessible to both individuals and enterprises. Investors keeping tabs on the aelf (ELF) price trends and market cap should note the platform's potential for significant growth, buoyed by strategic partnerships and continuous development initiatives. As we venture further into 2023, the aelf ecosystem, marked by its potential to revolutionize the blockchain infrastructure akin to Android's impact in the mobile domain, showcases promising prospects for both blockchain technology enthusiasts and investors.

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Current price:
All-time high:$2.77
All-time low:$0.03501

ELF supply and tokenomics

Circulating supply:733,986,240 ELF
Total supply:1,000,000,000 ELF
Max supply:1,000,000,000 ELF
Market cap:$305.18M
Fully diluted market cap:$415.79M
Token allocation:
Foundation
25.00%
Private Sale
25.00%
Team
16.00%
PoW+PoS
12.00%
Marketing/AirDrop
12.00%
Advisors, partnership
10.00%
Tokenomics:

Token utility

ELF is the main token on the aelf platform, used for transaction fees, side-chain index fees, production nodes deposits, voting, and block rewards.

Links

Buy aelf for $1Buy ELF now

What is the development prospect and future value of ELF?

The market value of ELF currently stands at $305.18M, and its market ranking is #190. The value of ELF is widely recognized by the market. When the bull market comes, the market value of ELF will likely continue to increase.

Moreover, if ELF can play a greater role in practical applications, such as aelf builders fully leveraging the potential of ELF, partnering with more businesses, and increasing its user base, the long-term value of ELF will be significantly enhanced.

What will the price of ELF be in 2025?
Based on ELF's historical price performance prediction model, the price of ELF is projected to reach $0.6703 in 2025.
What will the price of ELF be in 2030?
In 2030, the ELF price is expected to change by -9.00%. By the end of 2030, the ELF price is projected to reach $1.11, with a cumulative ROI of +166.51%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ELF and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is ELF worth investing or holding? How to buy ELF from a crypto exchange?

If you want to buy ELF, the following information may be helpful for your investment decisions:
In the last seven days, the price of ELF has risen by 14.46%, leading to positive returns for most ELF investors. The market is currently optimistic about the price trend of ELF.
It is important to note that the current price of ELF has retreated by -84.97% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether ELF is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ELF or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of ELF, if you want to buy or sell ELF, you can consider Bitget for your trading needs. The best place to buy ELF is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in aelf has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy aelf. Here's a step-by-step guide on how to buy aelf on Bitget.

How to get aelf through other methods?

Using cash to buy aelf is not the only way to obtain aelf. If you have the time to spare, you can get aelf for free.
Learn how to earn aelf for free through the Learn2Earn promotion.
Earn free aelf by inviting friends to join Bitget's Assist2Earn promotion.
Receive free aelf airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to aelf through Bitget Convert, Bitget Swap, or spot trading.

What is aelf used for and how to use aelf?

The use case of aelf may expand as the crypto market and the project itself develop. Currently, you can use ELF to achieve the following goals:
Arbitrage by trading ELF: Since ELF is a frequently traded cryptocurrency, the price of ELF is always fluctuating. Earn more ELF by buying low and selling high on the exchange. Bitget spot market provides a variety of ELF trading pairs to fully meet your needs.
Earn by staking ELF: You can also generate income through financial management methods such as staking ELF or lending ELF. Bitget Earn offers a variety of financial products designed to help you earn more income from your ELF.
Send or pay ELF: If you want to give ELF to your friends, a charity, or a fundraiser, or you want to pay someone with ELF, you can quickly and easily send ELF to the recipient through their payment address.
You can also go to the official website of the aelf project to learn more about the use cases of ELF. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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ELF resources

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Links
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ELF price calculator

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ELF
USD
1 ELF = 0.4151 USD
Last updated (UTC-0)
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