Elastos - ELA - Summary 🔥🚨
About: 👀 ELA is an open-source project that runs with support from the NEO platform. Elastos is to be the first blockchain powered internet It essentially uses the internet as the base layer framework rather than it being the application itself.
This is called reflection, meaning that applications have no exposure to malware, DDOS attacks etc. because there is no real connection the actual internet.
Their vision is to become an operating system for large-scale decentralised applications. This project has been developed on for around 17 years with hundreds of contributors.
Differences from for example ETH: DAPPS will not run on the blockchain but a cloud technology. Elastos will have side chains + better scaling posibilities.
Team + Advisors: 8.5/10 ❄️ Chen Rong - (ex. Microsoft dev, invited to speak at the Great Hall of the People by the former Premiere of China), Feng Han - (Advisor to Huawei, ex. blockchain dev for Alibaba, best selling book about blockchain in China..), Da Hong Fei -(Founder and CEO of NEO, advisor + angel investor.), Jihan Wu - (Co founder of Bitmain, CEO of Antpool which is one of the biggest pools in the blockchain industry at the moment. Joey Lee - (Ex. IBM dev.), Zheng Zhou (Member of Alibaba research institute.)
Roadmap: 5.5/10: 🌙 Pretty well detailed, no huge gaps. Long term. FEB: Open source, side chain alpha completed. MARCH: Elastos Capital, July-Dec: Mining, nodes..
Partnerships: 9.5/10: 🚀 Angel investors from Huobi, Bitmain and NEO. Contacts inside Alibaba, Huawei research institute. SAIC motor is a Chinese state-owned automotive design and manufacturing company that has ties to Tesla. It is also a Fortune Global 100 company and one of the "Big Four" state-owned Chinese automakers. AVIC (Aviaton Industry Corporation of China) has showed interest. Zapya, P2P sharing with 400m users. Speculation about IBM, R3 and some big gaming companies.
General info: 😍
Marketcap: Estimated to be around $350M
Exchanges: Huobi
Circulating supply: 6.5 mill is estimated. Not fully set due to airdrop.
Angel investors 5 million (position all locked in the first year)
Private funding + public funding 8 million (position partially locked)
The Elatstos Foundation 3.5 million
Token metrics: 50% Feedback bitcoin community (Miners), Team + advisors (Foundation) 11%, Angel investors 15%, Private equity: 24%
Total ELA number issued: 33 million ELA offered initially (annual inflation rate of 4% where 30% of the 4% mined goes to the foundation and rest goes to the miners);
Token generation way: 33 million ELA created in ICO, then a new 4% of ELA will be annually created by POW.
Crowdsale price: 1 BTC = 800 ELA or 1 NEO = 10.56 ELA (11-15$)
Current price: 54$, 0,00661080 BTC
Estimated price by the end of the year: x10-x20 from here
Please share this summary in the ELAstos group to help us grow ♥️:
https://t.me/elastosgroup
Sources below.
PS: It has come to our attention that some groups repost our posts without giving credit. If you would like to repost in your group, we would appreciate if you could give credit. @WinterSignals ♥️
About: 👀 ELA is an open-source project that runs with support from the NEO platform. Elastos is to be the first blockchain powered internet It essentially uses the internet as the base layer framework rather than it being the application itself.
This is called reflection, meaning that applications have no exposure to malware, DDOS attacks etc. because there is no real connection the actual internet.
Their vision is to become an operating system for large-scale decentralised applications. This project has been developed on for around 17 years with hundreds of contributors.
Differences from for example ETH: DAPPS will not run on the blockchain but a cloud technology. Elastos will have side chains + better scaling posibilities.
Team + Advisors: 8.5/10 ❄️ Chen Rong - (ex. Microsoft dev, invited to speak at the Great Hall of the People by the former Premiere of China), Feng Han - (Advisor to Huawei, ex. blockchain dev for Alibaba, best selling book about blockchain in China..), Da Hong Fei -(Founder and CEO of NEO, advisor + angel investor.), Jihan Wu - (Co founder of Bitmain, CEO of Antpool which is one of the biggest pools in the blockchain industry at the moment. Joey Lee - (Ex. IBM dev.), Zheng Zhou (Member of Alibaba research institute.)
Roadmap: 5.5/10: 🌙 Pretty well detailed, no huge gaps. Long term. FEB: Open source, side chain alpha completed. MARCH: Elastos Capital, July-Dec: Mining, nodes..
Partnerships: 9.5/10: 🚀 Angel investors from Huobi, Bitmain and NEO. Contacts inside Alibaba, Huawei research institute. SAIC motor is a Chinese state-owned automotive design and manufacturing company that has ties to Tesla. It is also a Fortune Global 100 company and one of the "Big Four" state-owned Chinese automakers. AVIC (Aviaton Industry Corporation of China) has showed interest. Zapya, P2P sharing with 400m users. Speculation about IBM, R3 and some big gaming companies.
General info: 😍
Marketcap: Estimated to be around $350M
Exchanges: Huobi
Circulating supply: 6.5 mill is estimated. Not fully set due to airdrop.
Angel investors 5 million (position all locked in the first year)
Private funding + public funding 8 million (position partially locked)
The Elatstos Foundation 3.5 million
Token metrics: 50% Feedback bitcoin community (Miners), Team + advisors (Foundation) 11%, Angel investors 15%, Private equity: 24%
Total ELA number issued: 33 million ELA offered initially (annual inflation rate of 4% where 30% of the 4% mined goes to the foundation and rest goes to the miners);
Token generation way: 33 million ELA created in ICO, then a new 4% of ELA will be annually created by POW.
Crowdsale price: 1 BTC = 800 ELA or 1 NEO = 10.56 ELA (11-15$)
Current price: 54$, 0,00661080 BTC
Estimated price by the end of the year: x10-x20 from here
Please share this summary in the ELAstos group to help us grow ♥️:
https://t.me/elastosgroup
Sources below.
PS: It has come to our attention that some groups repost our posts without giving credit. If you would like to repost in your group, we would appreciate if you could give credit. @WinterSignals ♥️