Elastos (ELA) is arguably the biggest coin with the brightest future that no one has heard of. Apart from a recent ad in Times Square (twitter.com/fayliela/status/958884043004657664), Elastos has been under the radar, but that is about to change. Elastos was founded in 2000 by Rong Chen and has recently made a blockchain breakthrough.
What is Elastos?
Elastos aims to create a new Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them. Today, there is a seemingly infinite supply of digital books, movies, music and games. But people do not necessarily own their digital property. You can purchase a digital book, for example, but you can’t sell it to anyone else. So, do you really own it? Elastos wants to make digital assets scarce, identifiable and tradable. Property rights pave the way for wealth creation, and Elastos intends to build a new World Wide Web that respects those rights.
Bitcoin = Trustworthy Ledger
Ethereum = Trustworthy Ledger + Smart Contracts
Elastos = Trustworthy Ledger + Smart Contracts + Monetizable Dapps and Digital Assets
Da Hongfei of NEO and Jihan Wu of Bitmain are both early investors and advisors to Elastos. Jihan Wu has committed to redirecting hashing power from Bitcoin mining to Elastos. G3 is a co-operation between NEO, Elastos and Bitmain who share a vision of a decentralized economy and smart web. Key features of the smart web include the virtual machine, runtime environments and trust zone, provided by Elastos and Bitmain, consensus provided by NEO and KYC provided by Ontology.
Any tokens generated on Elastos will be required to lock 2-5% of their total token supply in ELA. This is huge considering dApps by companies as massive as Zapya (400m users), Huawei, Alibaba, and the unnamed massive gaming company (as well as more to come which has been hinted at many times by Elastos team) will need to generate their own tokens on Elastos or utilize ELA for transaction fees and creating digital assets on the Elastos blockchain.
if something sounds too good to be true.. it almost always is
sounds like a scam to me
Smells like FUD to keep the price down/accumulate. Well played and I respect your attempt
> Any tokens generated on Elastos will be required to lock 2-5% of their total token supply in ELA. This is huge considering dApps by companies as massive as Zapya (400m users), Huawei, Alibaba, and the unnamed massive gaming company (as well as more to come which has been hinted at many times by Elastos team) will need to generate their own tokens on Elastos or utilize ELA for transaction fees and creating digital assets on the Elastos blockchain.
So why the fuck would such a huge company create their dapp on elastos? hmmm
>jihan wu is an advisor Dropped
Make digital assets scarce? Like ebooks? This is somehow a cross between DRM and Tron.
I'll call you from Alibaba HQ and have their CEO explain it to you, then you can buy someone else's bags cause I'm not fucking selling
good one dad.
alibaba has already partnership with neo sorry
yes, and NEO is partnered with ELASTOS and ELASTOS is partnered with ALIBABA so whats your point exactly?
is. I literally offed all of my VEN for this last night at $50. Only got around 100 but this price is consistently rising with the volume and NEO and Huobi have said this is the next thing. It's an offline VM OS built onto blockchain for christ sake and its brand new on the market in this bear market, I'm in
Maxing out the ICO was the smartest thing I've ever done.
Im jelly af I heard about this at like $45
I have zero idea how this didn't get shilled immediately when it was announced, and is even still so under the radar.
How in the fuck is this so expensive. Literally starting at $40?
Low circulating supply.
Fucking chinks 10x my portfolio with ANS and BTM and now this.. I've been striking absolute gold with this shit 33m total supply, and like 1/3 or 1/4 circulating. Mcap is still small compared to the weight of this project
About to surge through .06ETH pair?
fuck still 7x from ico. damn i hate myself for missing this one. was literally an hour late to whitelist
Could we see a big dip because of this? Unless BTC continues to climb ofc. Having huobi as the only exchange helps keep the price stable as well
what is the exact c-supply?
lmao every problem this coin claims to solve is litearlly not a problem.
is minereum all over again
this is actually really cool tech im impressed
Don't forget a working product user. So much shit with just white papers like ada, meanwhile Elastos actually built first.
Im up over 100% on this, bought in during the crash. Fucking incredible. Genius piece of tech, huge backers and partners, working product, it is actually an operating system and will run on every smartphone/computer and their apps will be running everywhere. Platform projects are the ones winning, and they got fucking SAIC, AVIC and Foxconn as partners. This is undefeatable.
Fuck Im so fucking hyped, anybody not buying this... just fucking do your research