[ANN] | Introducing ELASTOS | Future of Decentralized Internet

[elastos]

I dont see information how can i buy your tokens, can you help me with this information please! Thank you!

Hi,
You can purchase ELA on huobi.pro and  https://www.bcex.ca/

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[elastos]

what is the purpose of the ela coin? i didnt get it. who is going to use the coin?

Utilities of ELA-

The Elastos blockchain really only serves one function, being the ID system needed to connect into the Elastos intranet. The blockchain doesn’t need to scale as it’s just storing simple IDs. This is important as unlike other platform blockchains like ETH etc which are trying to push millions of transactions through the blockchain (thus resulting in ballooning ledgers and scaling issues), here transactions go through the decentralised secure P2P network not the blockchain, so no scaling issues. Incentive for DApps to use Elastos does not come from an incentive to use the Elastos blockchain itself, this isn’t Ethereum. DApps are incentivised to use the Elastos operating system/P2P infrastructure and using its blockchain for decentralised IDs is a requirement to use that.

Other use cases are as follows:

Dapps will be paying in ELA for the services they'll be using like cloud services, DNS services, acquisition of UUIDs for digital assets, etc

Elastos ecosystem collaboration projects(dapps built on Elastos in collaboration with Elastos) have to lock no less than 2-5% of their project tokens published for converting into ELA. 20% of the project tokens(converted to ELA) will be used for Elastos foundation development. 80% of the actual project tokens will be rewards shared by all ELA holders. Eg. If a dapp decides to create 10 billion of tokenX, at least 200 million will be distributed. Out of these 200 million, 40 million will be converted to ELA and given to the Elastos foundation. The rest 160 million will be distributed to all ELA holders. So, if you are holding 300 ELA and the supply of all ela holders adds up to 10 million(locked and unlocked ela both), you’ll get approximately 4800 of tokenX airdropped to you for free.

Users can use ELA to register an ID in Elastos and use this ID to purchase items such as DApps, cloud storage and many other resources, including other digital products and so on.

Those who decide to lock their ELA(minimum of 300) will earn an interest of 4%, 5%, 6% for up to 3 years(not compounded year-to-year).

ELA will be the main currency that will be used to reward developers for creating dapps on the Elastos platform.

Users can participate in token sale projects and products with ELA within Elastos.

Apps built on elastos can implement their system to process transactions using ela/sela.

And many more…

[rose8963]

what is the purpose of the ela coin? i didnt get it. who is going to use the coin?

Utilities of ELA-

The Elastos blockchain really only serves one function, being the ID system needed to connect into the Elastos intranet. The blockchain doesn’t need to scale as it’s just storing simple IDs. This is important as unlike other platform blockchains like ETH etc which are trying to push millions of transactions through the blockchain (thus resulting in ballooning ledgers and scaling issues), here transactions go through the decentralised secure P2P network not the blockchain, so no scaling issues. Incentive for DApps to use Elastos does not come from an incentive to use the Elastos blockchain itself, this isn’t Ethereum. DApps are incentivised to use the Elastos operating system/P2P infrastructure and using its blockchain for decentralised IDs is a requirement to use that.

Other use cases are as follows:

Dapps will be paying in ELA for the services they'll be using like cloud services, DNS services, acquisition of UUIDs for digital assets, etc

Elastos ecosystem collaboration projects(dapps built on Elastos in collaboration with Elastos) have to lock no less than 2-5% of their project tokens published for converting into ELA. 20% of the project tokens(converted to ELA) will be used for Elastos foundation development. 80% of the actual project tokens will be rewards shared by all ELA holders. Eg. If a dapp decides to create 10 billion of tokenX, at least 200 million will be distributed. Out of these 200 million, 40 million will be converted to ELA and given to the Elastos foundation. The rest 160 million will be distributed to all ELA holders. So, if you are holding 300 ELA and the supply of all ela holders adds up to 10 million(locked and unlocked ela both), you’ll get approximately 4800 of tokenX airdropped to you for free.

Users can use ELA to register an ID in Elastos and use this ID to purchase items such as DApps, cloud storage and many other resources, including other digital products and so on.

Those who decide to lock their ELA(minimum of 300) will earn an interest of 4%, 5%, 6% for up to 3 years(not compounded year-to-year).

ELA will be the main currency that will be used to reward developers for creating dapps on the Elastos platform.

Users can participate in token sale projects and products with ELA within Elastos.

Apps built on elastos can implement their system to process transactions using ela/sela.

And many more…

Discussed the issue solved by Elastos  for the future blockchain industry at Harvard's AI and Blockchain Forum: providing a trusted operating environment for real-world applications

[elastos]

What does the ELA coin do on the platform? Does it have any utility?

Yes, ELA is an "utility" coin instead of a "security"
The Elastos blockchain really only serves one function, being the ID system needed to connect into the Elastos intranet. The blockchain doesn’t need to scale as it’s just storing simple IDs. This is important as unlike other platform blockchains like ETH etc which are trying to push millions of transactions through the blockchain (thus resulting in ballooning ledgers and scaling issues), here transactions go through the decentralised secure P2P network not the blockchain, so no scaling issues. Incentive for DApps to use Elastos does not come from an incentive to use the Elastos blockchain itself, this isn’t Ethereum. DApps are incentivised to use the Elastos operating system/P2P infrastructure and using its blockchain for decentralised IDs is a requirement to use that.

Other use cases are as follows:

Dapps will be paying in ELA for the services they'll be using like cloud services, DNS services, acquisition of UUIDs for digital assets, etc

Elastos ecosystem collaboration projects(dapps built on Elastos in collaboration with Elastos) have to lock no less than 2-5% of their project tokens published for converting into ELA. 20% of the project tokens(converted to ELA) will be used for Elastos foundation development. 80% of the actual project tokens will be rewards shared by all ELA holders. Eg. If a dapp decides to create 10 billion of tokenX, at least 200 million will be distributed. Out of these 200 million, 40 million will be converted to ELA and given to the Elastos foundation. The rest 160 million will be distributed to all ELA holders. So, if you are holding 300 ELA and the supply of all ela holders adds up to 10 million(locked and unlocked ela both), you’ll get approximately 4800 of tokenX airdropped to you for free.

Users can use ELA to register an ID in Elastos and use this ID to purchase items such as DApps, cloud storage and many other resources, including other digital products and so on.

Those who decide to lock their ELA(minimum of 300) will earn an interest of 4%, 5%, 6% for up to 3 years(not compounded year-to-year).

ELA will be the main currency that will be used to reward developers for creating dapps on the Elastos platform.

Users can participate in token sale projects and products with ELA within Elastos.

Apps built on elastos can implement their system to process transactions using ela/sela.

And many more…

[elastos]

How many coins are circulating right now?

Currently about 4.9 million. You can check the CMC here for more details: https://coinmarketcap.com/currencies/elastos/#charts

[elastos]

Hey,

Has anyone confirmed that these team members and Jihan are truly behind this project? Especially the Neo co-founders/founders?

Because the rumors on biz and everything say this is not true and a possible scam.

Hi, both Da Hongfei, NEO Founder and Jihan Wu, Bitmain Co-founder are Elastos' Angel Investors.

[elastos]

Hey,

Has anyone confirmed that these team members and Jihan are truly behind this project? Especially the Neo co-founders/founders?

Because the rumors on biz and everything say this is not true and a possible scam.

Yep, that's very strange and looks like a possible scam. And no activity on this thread from the team or their representatives. All the questions are not being answered...

Hi, we've made updates and please reach out to us for further questions. Thanks

[elastos]

Is there any bounty program for the bitcointalk community?

Yes, our video contest is still ongoing and you can win up top 400 ELA which values at over $10,000

See details here:
https://bitcointalk.org/index.php?topic=3089082.0

[elastos]

I have a question: are you going to build this project on top of Ethereum blockchain?

No.
Hope this articles helps you understand the difference between Elastos and Ethereum:
https://medium.com/elastos/beyond-ethereum-the-future-evolution-of-blockchain-6b9a9c8a9d68

[elastos]

What about bounty campaign? Would there be any in Elastos project? Very interesting idea and tremendous plans for the future))

You can still participate in the ongoing video contest which you can earn up to 400 ELA (values at over $10,000). More details can be found here:
https://bitcointalk.org/index.php?topic=3089082.0

[elastos]

https://medium.com/elastos/bit-university-q-a-with-rong-chen-the-operating-system-is-like-a-country-6bc360699c1a

Bit University Q&A with Rong Chen — “The operating system is like a country.”
- Comparing Elastos with Ethereum and EOS

[huycute10]

Looks interesting. I'll try to participate in. Thanks

[elastos]

Looks interesting. I'll try to participate in. Thanks

Thanks for your support!

[jack long]

I've seen and read the above projects, it's an interesting project because it has a solid Team let alone a lot of people who believe in our technology outside of China hence that's why many people support your project

[elastos]

I've seen and read the above projects, it's an interesting project because it has a solid Team let alone a lot of people who believe in our technology outside of China hence that's why many people support your project

Thank you!

We will continuously work hard to achieve our goals and better contribute to our society.

Check out ourlatest article on our medium page.

"Huobi News: in Conversation with Su Yipeng, the Chief Architect of Elastos"

https://medium.com/elastos/huobi-news-in-conversation-with-su-yipeng-the-chief-architect-of-elastos-5e94ccd89079

[elastos]

Elastos Communication Plan by SF Team (April — June, 2018)

By Fay Li (CMO) and Kevin Zhang (Head of Developers Community)

https://medium.com/elastos/elastos-communication-plan-by-sf-team-april-june-2018-8979b27c6ad6

[roadwell890]

if the internet is decentralized, then does the user still get data privacy from what they share on the internet?
whether the user will get security guarantee?

[elastos]

if the internet is decentralized, then does the user still get data privacy from what they share on the internet?
whether the user will get security guarantee?

Yes privacy will be guaranteed even if the internet is decentralized because the ID assigned to each user, asset on the internet is just a random string of characters and won’t contain people’s private information. It’s entirely based on trust.

[Vitamin_52]

Logo Design form is available for another several days, cast your vote! Deadline 4/23 11:59pm EST

Link to form.

[elastos]

We Want You! Elastos Community Recruitment

https://medium.com/elastos/we-want-you-elastos-community-recruitment-da0e97694f63