aelf (ELF)
A Decentralized Cloud Computing Blockchain Network.- aelf is a layer-1 blockchain based on the cloud computing infrastructure, with a parallel-execution system and built-in cross-chain functions. aelf ecosystem supports DeFi, NFT, IDO platform, and other web3 applications.
- ELF is the native token of the project. The current use cases for ELF include:
- Governance: ELF holders can stake ELF to become nodes and participate in governance. There are different roles in the node governance system, including production nodes, candidate nodes, and voters.
- Paying fees: ELF is used to pay for transaction fees and side-chain index fees.
- Resource token: Developers can use ELF to purchase resource tokens, which are tokens needed for projects to be developed and running on aelf.
- The project consists of the following major components working in conjunction:
- Single-chain performance: aelf provides an environment that supports smart contracts to run in parallel. The execution of smart contracts can run on server clusters, which is an implementation of microservice.
- Multi-chain performance: aelf has realized a side chain structure which allows side chains to communicate with the main chain. The two types of side-chains, shared and exclusive side-chains, empowers different types of projects on aelf.
- As at August 31th 2022, the total token supply of ELF is 996,301,632. The current circulating supply is 501,962,554 (~50.4% of the total token supply).
- Learn more about the token distribution of ELF here.