Elastos (ELA)

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  • elastos
  • Elastos
    (ELA)
  • Price
    $2.73
  • Market Cap
    $39,582,179.00

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Name Price Supply Volume Market Cap
elastos
Elastos
$2.73
14.51M ELA
$1.26M
$39.58M

TRENDING

Nothing earth shattering in the cryptosphere at the moment. Check back soon!

QUICK STATS

AUXPoW (40%) + DPoS (40%) + Foundation & Ecology (20%)
Huobi
BCEX
Elastos(ELS) is a blockchain based internet operating system with sidechain structure built off of the main chain which allows for much better scalability and does not allow the network to become congested. Smart-web powered by blockchain.
Consumer/Enterprise applications for IoT and dApps with added security and efficiency.
Ethereum(ETH), EOS(EOS), Cardano(ADA)

VIDEOS

BACKGROUND

Whitepaper Summary
The ELA whitepaper is easy to read but very technical. The scope of the project as a whole appears to be very ambitious but broken down they have managed to meet their targets and produce the product that they set out to produce.
Problem Solved
Elastos aims to create a new kind of Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them.

Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control.

Competitive Edge
The Elastos OS security and speed makes it the perfect systems for the Internet of Things. Smart cars, smart devices, etc. (already partners with Shanghai Automobile Group, the largest automobile manufacturer in China).

dApps within the P2P network aspect of the Elastos OS and the DID’s, offer a high level of security but this is not the main selling point. The most significant part of the dApps on this chain are that they will have their own sidechains/tokens for whatever utility they serve. Zapya has over 500mil users on its P2P file sharing network and is partnered with ELS. Scarcity is how Elastos talks about facilitating a real world digital asset economy and this is why they say their target market is the whole of eCommerce. The advanced security and speed is the support on which the product is built not the primary driver.

Elastos = Trustworthy Ledger + Smart Contracts + Monetizable dApps and Digital Assets.
Ethereum = Trustworthy Ledger + Smart Contracts
Bitcoin = Trustworthy Ledger

Development Roadmap
Although the product is already used commercially the full release and application is to published and fully functional by Dec 2018.

The Elastos ID service and framework for mobile web applications are the most significant targets in the 2018 roadmap.

INITIAL COIN OFFERING (ICO)

Token Sale was held January 2 – 23, 2018 with a fund-raising goal of $94.1mil USD(6500BTC)
50% – Ecosystem Development
15% – Angel Investors
24% – Private & Public Crowdfunding
11% – Elastos Foundation
$94million USD
January 2 – 23, 2018, 1ELA = 18.09 USD (0.00125 BTC)

TEAM INFO

Creators / Founders
Rong ChenFounder
Used to work with Microsoft and has been working on ELA for 15 years and director of Tsinghua University iCenter.

Feng HanCofounder
Advisor at Huawei Central Institute

Core Development Team

Yipeng SuChief Architect
Hongjie HuChief Secretary
Fay LiChief Marketing Office
Heng LiHR Director

Notable Advisors

Hongfei DaIndependent Director- Founder/CEO of NEO
Jihan WuCEO at Bitmain
Xueyong GuProfessor at Tsing Hua University.

Notable Investors
Tony Tao of NEO and Jihan Wu of Bitmain early investors.

Additional potential investors/partners linked to Elastos: Alibaba, Huawei, JP Morgan, AVIC (Aviation Industry Corporation of China, Fortune 500 company), Tencent, and Foxxcon Group (world’s largest electronics manufacturer. Heavily invested early with $31million to ELS for R&D)

Trade Crypto Live Sentiment

Elastos is an internationally recognized brand whose technology and blockchain is being sought out by industry leaders in the fields of technology, manufacturing, IOT and investment services. They have a stellar team with an advanced and improving technology that has caught the eye of many significant players in the crypto world. Sentiment and outlook for this project is extremely bullish and many have referred to ELA as being better then ETH and NEO in many ways.
Reference & Links
https://coinmarketcap.com/currencies/elastos/#markets
https://coincheckup.com/coins/elastos

Roadmap




https://www.elastos.org/static/file/elastos_whitepaper_en.pdf
https://medium.com/@ekeneobi/what-is-elastos-a-simple-summary-3c4eb5831271

Elastos and the AUXPoW + DPoS Consensus Mechanism Economic Model (Discussion Paper)


https://medium.com/@soibifunate/elastos-a-very-ambitious-project-aiming-to-re-decentralize-the-internet-5f6f0da98da2
https://icowatchlist.com/ico/elastos
https://github.com/elastos