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A Decentralized Cloud Computing Blockchain Network.
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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.