Singapore, Sept. 1, 2021 — aelf announced the launch of its mainnet token swap beginning on Sept. 9. The aelf (ELF) mainnet swap can be executed manually on aelf’s website or automatically via exchanges, following a one-to-one ratio. This inaugural event will be an opportunity for ELF holders, developers and decentralized applications users to spark the Web 3.0 era on aelf.
The aelf mainnet token swap marks the preliminary success of aelf’s mainnet launch. Since going live in December 2020, the aelf mainnet has been running smoothly and proved its matured security and reliability. In line with the progress, the aelf team decided to start the mainnet token swap on Sept. 9 to meet users’ increasing demand of participation in the upcoming constructive events, such as node election, sidechain auction, management and many more.
In gratitude to its community members and to encourage more crypto enthusiasts to surf on the fastest blockchain network, aelf will give away an extra 5% airdrop to swap users during the first 15 days of the mainnet swap event. The airdrops are worth a total of up to 27 million ELF tokens (worth approximately $10 million). The airdrops will be delivered when executing the swap via the aelf website or eligible exchanges in real-time. aelf will also hold a seven-day “Lucky Elf Raffle,” where the total prize is 119,000 ELF tokens. Participants could receive daily returns at a maximum of 10,000%.
Users are encouraged to replace their ERC-20 ELF tokens with ELF mainnet tokens to start surfing on the aelf ecology. Since the project was established in 2017, ELF has been held and traded as an ERC-20 compatible token issued on Ethereum. Now with the proven security and maturity of the aelf mainnet, users could start to migrate their token assets from Ethereum to the native blockchain network.
Specifically, the ELF mainnet token will be vitalized for its practical value as follow:
- Use ELF as the currency within the aelf ecology for transaction fees, sidechain index fees, deposits, block rewards and many more.
- Hold ELF as a delegated consensus equity share representative of the aelf mainnet.
- Participate in the facilitation and management of the aelf mainnet.
In this case, all the related and under-developing blockchain activities will flourish on the aelf mainnet step by step.
aelf is leading the blockchain industry into a new era where DApps are of great diversity and all the projects are connected. aelf innovates on its delegated proof-of-stake (AEDPoS) consensus to maximize computing efficiency. In this case, aelf Enterprise has achieved 35,000 transactions per second on a single sidechain so that the service fee could be fixed at $0.10 regardless of the marketing turbulence. aelf also developed its versatile oracle to support two-way communication between projects and achieve cross-chain execution within seconds. With outstanding performance and interchain capability, aelf functions as a real Ethereum layer-two solution. In this way, aelf can allow non-fungible tokens to circulate between Ethereum and the aelf ecology, and can also support more NFT application scenarios, such as games that have higher requirements for blockchain network performance.
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aelf is a prestigious public blockchain providing a high-speed open infrastructure for users and developers around the world. aelf innovated in the cross-chain collaboration mechanism, elegant multi-level side chain system, and unlimited expansion capabilities. aelf owns and can seamlessly connect with the existing ecology that is safe, efficient, autonomous, stable, transparent and easy to use.
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