• 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.