Elf Token

Elf Token (ELF)

Full information about Elf Token (ELF). Current Elf Token price in AMD, ELF open/close rates, Elf Token history charts, Elf Token market capitalization and volume.

1 ELF = 0.000342 AMD Armenian Dram (AMD)
0.0000009 AMD

Last updated: 2021-12-01 23:38:23 UTC - about 4 years ago 1 USD = 380.302627 AMD

General information
Global rank:4730
Name: Elf Token Elf Token
Symbol:ELF
Current coin price (AMD):0.000342 AMD
Last hour:arrow_upward0.800 %
Last 24 hours:arrow_downward-29.16 %
Last 7 days:-50.30 %trending_down
Capitalisation (AMD):0.000000 AMD
Volume 24h (AMD):37 483 007.22 AMD
Available supply:0.000000 ELF
Total coin supply:1 000 000 000.00 ELF
Start date:2020-12-10
Last updated: 2021-12-01 23:38:23 UTC - about 4 years ago

Elf Token/Armenian Dram (ELF/AMD) price chart

Elf Token/Armenian Dram (ELF/AMD) capitalisation and volume charts

What is it?

The Token:aelf (ELF) is an ERC-20-based token that operates on the Ethereum platform. It is utilized as the primary token within the aelf ecosystem and plays a significant role in its functioning, as discussed below.

The Platform/Project:aelf is a decentralized cloud computing blockchain network. It introduces a mainchain coupled with multiple sidechains, aiming to achieve scalability, enhance performance, and provide resource segregation for decentralized applications. With its unique "one chain to one smart contract" system, it ensures that business applications are provided with their independent blockchain systems to avoid performance interference.

What is it used for?

ELF tokens have various uses within the aelf ecosystem:

  • Resource Allocation: ELF tokens are used to obtain resources on the aelf network, like storage or computing power.
  • Staking and Governance: Token holders can participate in network governance, which means making decisions about upgrades, parameter adjustments, and other changes to the aelf system.
  • Transaction Fees: Sending transactions or deploying smart contracts on the aelf network requires ELF tokens as fees.
  • Cross-chain Interaction: ELF tokens facilitate the interoperability between the main chain and side chains, ensuring smooth and efficient communication between them.

Who created it?

aelf was co-founded by Ma Haobo, who is also the CEO. Before establishing aelf, Ma Haobo had experience in blockchain, having founded Hoopox, a blockchain technology team.