ELF Overview:
ELF is a token that incentivizes the AElf system. AElf is a decentralized multi-chain cloud computing network.
Pros:
- The AElf system looks like it could solve some of the issues with blockchain via its multi-chain approach.
- AElf looks to be very scalable with cloud computing and multi-system based nodes.
- An impressive set of advisors creates a sense of trust in the project.
- The private sale of tokens shows a sign of confidence by the team.
Cons:
- 740m ELF tokens remain to be distributed. How this impacts demand is up to debate.
- The CEO isn’t on LinkedIn and the companies presence online is limited.
- The white paper and website doesn’t do much to promote AElf’s unique selling points.
Comparison:
- Ethereum
- NEO
- LISK
Competitors:
- ICON
- Dfinity
- Polkadot
2018 Market Outlook:
Value as of February 24th 2018 - $1.26
How do you think ELF will perform in 2018? Tell us in the comments.
Intelligentsia:
- Ma Haobo, founder of AElf, CEO of Hoopox, ex-CEO of GemPay.
- J. Michael Arrington, AElf advisor, founder and CEO of TechCrunch.
- Liam Robertson, established one of the world's first regulated cryptocurrency hedge funds in 2016.
Milestones:
- One million dollars in seed funding raised from Node Capital.
- No ICO, only private placement.
- Gathered commitment six times more than the intended ETH amount
- Distributed 250 million ELF tokens to raise 55,000 ETH.
Roadmap:
- March 2018, AElf will add concurrent execution of contracts.
- May 2018, AElf will add cross chain interoperability.
- August 2018, AElf will go into public beta.
- January 2019, AElf will launch.
Supply:
- Total Supply: One billion ELF
- Circulating Supply: 260 million ELF
- Token distribution:
- 12% Marketing (Airdrop)
- 25% Privately sold
- 25% Development
- 12% Mining
- 16% AELF Team
- 10% Advisors
Function:
- Transactions: AElf uses a parallel processing logic which allows it to do transactions in groups.
- Scalable: Instead of one computer being one node, nodes are groups of computers.
- Segregation: Different smart contracts are run under dedicated chains.
- Multi-chain: Each chain can have side chains and sub layers allowing for custom computer environments for each smart contract used.
Usage:
- Coin holders can vote on the future developments of AElf.
- ELF tokens are used to pay for resource fees in the network. Including:
- Deployment of smart contracts
- Operating and upgrading of systems
- Transaction fees
- Cross-chain data transfer fees
An Official AELF Video:
Our goal with this profile is to simplify and make accessible the vast array of information available. If we've failed to include any information or made errors please let us know. For the full profile go to Full Tilt Crypto.
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Nice review. Thanks.