Industry Watch 08 September, 2021 – 13:27

Nami Exchange will list aelf Token (ELF)

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Dear Nami Community,

To expand the portfolio of users and the community, Nami Corporation would like to announce that Nami Exchange officially lists the ELF token, with trading pairs ELF/VNDC and ELF/USDT.

Specifically:

  • Deposits for ELF open from now on.
  • Exchange Trading with trading pairs ELF/VNDC and ELF/USDT will open at 15:00 (UTC +7) on September 8, 2021.
  • Withdrawals for ELF will open at 12:00 (UTC +7) on September 9, 2021.
What is aelf ?

aelf is an open-source blockchain network designed as a complete business solution. The structure of ‘one main-chain + multiple side-chains’ can support developers to independently deploy or run DApps on individual side-chains to achieve resource isolation. aelf technology adopts Parallel Processing & AEDPoS Consensus Mechanism. 

Based on the cross-chain technology of the main-chain index and verification mechanisms, aelf achieves secure communication between the main-chain and all side-chains, as a result, allows direct interoperability between side-chains.

What is the aelf token (ELF) used for?

Currently, ELF Token is used as a reward to develop aelf’s community. However, after the aelf (ELF) completes the Mainnet, the ELF will have the task of a token of the Dapp Platform (like ETH in Ethereum):

  • Transaction fee: ELF is used to pay transaction fees in the aelf Blockchain network.
  • Mining Rewards: ELF is a reward for Miners to help the network’s operation stably.

Information about aelf (ELF)

  • Token Name: aelf Token
  • Ticker: ELF
  • Max Supply: 1,000,000,000 ELF 
  • Total Supply: 880,000,000 ELF
  • Circulating Supply: 544,480,199 ELF
  • Blockchain: Ethereum
  • Token type: Utility
  • Standard: ERC-20
  • Address contract: 0xbf2179859fc6D5BEE9Bf9158632Dc51678a4100e

About Nami Corporation

Nami Futures of Nami Corp was established in Singapore in 2017, specializing in research and development for Crypto and Forex trading solutions.

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