Topic: [ANN] | Introducing ELASTOS | Future of Decentralized Internet - page 18. (Read 8480 times)

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

Thanks for your support!

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

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

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://bitcointalksearch.org/topic/hot-bountyvideo-contest-elastos-win-ela-valued-at-10000-3089082

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

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://bitcointalksearch.org/topic/hot-bountyvideo-contest-elastos-win-ela-valued-at-10000-3089082

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

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

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

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…

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

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…

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

Hi, ELA can be purchased on huobi.pro with the trading pairs of ELA/BTC, ELA/USDT, ELA/ETH, and on BCEX (https://www.bcex.ca/)

Hi, our CMC circulating supply has been updated here: https://coinmarketcap.com/currencies/elastos/

Video contest still ongoing. Please check out details here. https://bitcointalksearch.org/topic/hot-bountyvideo-contest-elastos-win-ela-valued-at-10000-3089082

Interesting project! I plan to study it and after investing, I wish good luck to the developers!)

A project with great prospects and opportunities. I place great hopes on this project.
merculet

Elastos also imposes an application ban from accessing the network directly to prevent malicious attacks, I think it is the right policy. Because the level of equality suatau project / product must be very high. Very cool.