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Author Topic: 【ANN】aelf Token(ELF) Launch Report  (Read 3505 times)
aelf blockchain
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December 21, 2017, 02:06:22 PM
 #1

aelf Token(ELF) Launch Report

AELF Progress Report

Hi everyone, please check our first progress report, thank you for your support in aelf!

Ælf private placement has been concluded. We distributed 250 million ELF tokens to raise 55,000 ETH (before the ETH price surges above USD 450). We would like to thank the global crypto community for trusting our project, working through this process with us, and for the continued support. Welcome to ælf!

The token sale started on the 28th of November in New York

During the Consensus Invest 2017 held on Nov. 28th in New York, Zhuling Chen, co-founder of ælf team officially introduced our project to the public, and launched the token sale.

No ICO, only private placement

Ælf team always want to conduct a fair and transparent token sale. We decided to shift away from the popular public token sale model and focused on onboarding suitable investors in private. It comes with several benefits: firstly, the cap was enough to be funded by long-term investors. Secondly, the private placement enabled better compliance to investment regulations, as we conducted KYC for all investors, mostly accredited investors with track record in token investment.

No cap raise despite six times oversubscription within 2 weeks

We put 25% of ELF tokens for private placement. The remaining tokens are planned as below:

  • Marketing/Airdrop:12%
  • Sale:25%
  • Foundation:25%
  • PoW+PoS:12%
  • Team:16%
  • Advisors+Partnership:10%


Ælf token private placement adopted a flat pricing policy. Unlike some projects which provides monetary incentive based on investment size or timing, we offer all investors equal terms for transparency. We wanted to attract the right type of investors who agree with our vision instead of using discount or bonus to create arbitrage opportunity.

We received enormous inquiries and commitment from various investors across the globe since day one. By 10th of December, almost three weeks before the target closing date, we have gathered commitment six times more than the intended ETH amount. Although it is flattery to see oversubscription, the team was firmly behind the decision that we would remain the original ETH target to protect investors interest. In order to onboard as many as valuable investors, we reduced the average allocation size significantly to reach a more distributed investor group.

Top tier investors and truly global support

The number of commitments from top tier investors across the globe was definitely encouraging. To name a few from the investor list: 1kx capital, Alphabit, BlockTower, FBG Capital, Galaxy Partners, Hashed, Hyperchain, LinkVC, Signum Capital, etc. We are excited to have them onboard and leverage their resources to develop the eco-system.

What’s next

On behalf of the entire ælf team, we thank you for your continued support throughout our project preparation and private placement. Looking forward, the team will keep updating the code, increasing the value of the network and exchanging ideas with other excellent projects in the community. We are working hard to get ELF tokens to be listed on several exchanges in near future. Stay in touch with ælf by joining our telegram channel : https://t.me/aelfblockchain and follow us on Twitter @aelfblockchain for official announcements.

Airdrop Announcement

We are going to launch the first round of our airdrop: You will get ELF tokens after you update your twitter account in our telegram channel. Come and join our Telegram to complete this process and get your free ELF!

The ongoing airdrop will end on Dec. 31, 2017 (Singapore time). ELF tokens will be released on Jan. 1, 2018 (Singapore time).

Welcome more of your friends to participate. Merry Christmas and Happy New Year to you all!


【Join the community】

Telegram for English:Join

Telegram for Chinese: Join

Telegram for Japanese: Join



【ELF Info】

ELF tokens are used to pay resource fees in the system, such as deployment of smart contracts, operating and upgrading of systems (transaction fees, cross-chain data transfer fees). It also enables community to vote on major decisions, such as electing mining nodes, introducing new features to the system and other major decisions.

Total Supply: 1 billion ELF
Circulating Supply: 260 million ELF
Private Sale Price:1 ETH = 4,545 ELF (ETH price @450 USD by the end of private sale)


【Exchanges】

Binance Huobi.pro OKEX BCEX CEX Bibox
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December 21, 2017, 02:08:04 PM
 #2

I missed this,aeif bump 10x today...

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December 21, 2017, 02:12:00 PM
 #3

Missed, no chance, really do not understand.

aelf blockchain
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December 21, 2017, 02:23:28 PM
 #4

I missed this,aeif bump 10x today...

sorry about that and thanks for your surpport
we still have airdrop in our telegram community
come and join us!

https://t.me/aelfblockchain
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December 21, 2017, 04:02:04 PM
 #5

hi dev, any program bounty and airdrop  Huh
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December 21, 2017, 10:19:32 PM
 #6

what the dich?
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December 23, 2017, 10:34:32 AM
 #7

How can I read about this project?any White paper available?

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aelf blockchain
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December 23, 2017, 11:17:46 AM
 #8

How can I read about this project?any White paper available?

hi there
you can find the white paper on our website http://aelf.io/
or just download here https://grid.hoopox.com/%C3%A6lf_whitepaper_v1.2.pdf
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December 23, 2017, 11:35:38 AM
 #9

hi dev, any program bounty and airdrop  Huh

yes of course we have
please come to our telegram community and join the airdrop
https://t.me/aelfblockchain
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December 23, 2017, 11:47:31 AM
 #10

People call this fair? Distribution of friends among friends and then Binance listing for plebs to buy.
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December 23, 2017, 11:52:52 AM
 #11

ELF is anticipating for a rise in ETH
I think for ELF can progress quickly in cripto
because it is able to read rapidly increase ETH

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December 23, 2017, 04:30:31 PM
 #12

Ælf team always want to conduct a fair and transparent token sale. We decided to shift away from the popular public token sale model and focused on onboarding suitable investors in private.

private is NOT transparent. It is actually vice versa. You of course are free to choose whatever method but don't say crap. It has nothing to do with transparency.

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December 24, 2017, 12:16:30 AM
 #13

Any bounty? I have a telegram crypto channel (4.1k) and will post news about your project
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December 24, 2017, 02:14:20 PM
 #14

Hi everyone

ælf (used to know as Grid), is a decentralized self-evolving cloud computing network.
To establish a Blockchain infrastructure for various commercial requirements, ælf provides a highly efficient multi-chain parallel-processing system with cross-chain communication and self-evolving governance. It brings three innovations namely scalable nodes on cluster of computers, resource isolation for smart contracts via “one chain to one smart contract” and voting through token holders.

ELF tokens are used to pay resource fees in the system, such as deployment of smart contracts, operating and upgrading of systems (transaction fees, cross-chain data transfer fees). It also enables community to vote on major decisions, such as electing mining nodes, introducing new features to the system and other major decisions.

【ELF INFO】
Circulating Supply : 260 000 000 tokens
Total Supply: 1000 000 000 tokens
Only 55k ETH was raised in private.,1 ETH = 4545 ELF @ ETH price = $450 USD.NO ICO was done.
Look at the article written by our coo Zhuling for more info about  ælf private sale
https://medium.com/@aelfblockchain/%C3%A6lf-token-launch-report-6b0fada38dc

we also have an airdrop ongoing right now
please come to our telegram community and join it!
https://t.me/aelfblockchain

here is the white paper, please have a look!
https://grid.hoopox.com/%C3%A6lf_whitepaper_v1.2.pdf
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December 24, 2017, 05:58:46 PM
 #15

This one is gonna be a MONSTER folks.

Could be the next Ethereum.  Bought a couple of BTC worth on Binance.

LOAD UP THE BAGS BABY!

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December 24, 2017, 06:19:29 PM
 #16

I read the whitepaper and don't feel like I am fully grasping the system, but it seems to be really attempting to revolutionize 'internet infrastructure'.  If you believe they can, then certainly they could see revenue in the 10's of billions.  The token is already trading at 1$, and the total supply is 1 billion (but not current supply).  To me seems like a lot of speculation driving that, or people are seeing a much clearer delivery on the technology. 
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December 26, 2017, 12:15:50 PM
 #17

this is a supercomputer project. XEL has a very good system that will launch soon and it has /20 the market cap. if you like to buy high get ELF otherwise..
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December 28, 2017, 06:48:29 PM
 #18

Good project and good job
Great team
Waiting more updates and more surprise
Good luck Smiley
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December 28, 2017, 07:14:42 PM
 #19

hi good project good team
this for guys looking for airdop
Airdrop Announcement
The ongoing airdrop will end on Dec. 31, 2017 (Singapore time). ELF tokens will be released on Jan. 1, 2018 (Singapore time).

Please follow the instructions step by step.
1. Message this bot on Telegram: @aelfbot
2. Choose “start” to activate the conversation.
3. Input your eth address when asked.
4. Input your twitter username, e.g. @aelfblockchain, to bind your account.(Don’t forget to follow us on Twitter)
5. Receive completion message.

Aelf Airdrop! (Ends Dec 31) Smiley

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December 28, 2017, 07:16:34 PM
 #20

Hello dev it's very interesting project and I'll keep looking for more information and updates about the project and I hope it will get listed as soon as possible to any big exchanges sites also. Good luck !

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