Elastos ELA - Sure moonshot, relatively unknown DYOR

[Anonymous No.7409416]

>still up 30%
>Da Hongfei of NEO on the team
Following are key partners
>Foxconn (world’s largest electronics manufacturer) https://en.wikipedia.org/wiki/Foxconn: Elastos received a $31 million sponsorship from Foxconn group for R&D https://medium.com/@elastos/an-introduction-to-elastos-fd9af7ac1f3b
>SAIC Motor (China’s largest auto manufacturer) https://en.wikipedia.org/wiki/SAIC_Motor: SAIC motor has officially partnered with Elastos to use Elastos’ blockchain technology in the development of autonomous driving technology/smart cars. Confirmation with news link from Elastos team: https://twitter.com/fayliela/status/957350736362323968.. The smart car market is projected to be worth trillions of dollars in China within the next 5 years http://markets.businessinsider.com/news/stocks/china-is-preparing-for-a-trillion-dollar-autonomous-driving-revolution-2017-12-1011473377
>AVIC (Chinese state owned aerospace/defense company, Fortune 500 company) https://en.wikipedia.org/wiki/Aviation_Industry_Corporation_of_China: https://twitter.com/fayliela/status/956738527210889216, https://twitter.com/fayliela/status/955318127843205120, https://twitter.com/fayliela/status/956776278115344385
>Alibaba and Huawei: http://www.nbc-2.com/story/37401108/the-global-listing-of-elastos-chinas-ambitious-blockchain-project
>A soon to be named huge gaming company: https://twitter.com/fayliela/status/959909521756848128
>Zapya (400 million users, p2p file sharing app): Zapya agrees to build on top of Elastos https://twitter.com/fayliela/status/939068214411067392

>literally an offline OS VM and Internet built on Blockchain

[Anonymous No.7409453]

>>7409416
How is the ELA token used?

ELA tokens have a low coin supply, only 33 million in total will ever exist. ELA will be a staking token in later 2018. ELA holders will receive airdrops of all coins created on the Elastos ecosystem which they refer to as ‘sugar dividends’, there are more details to be released on this but further reading can be found in the white paper as well as: https://twitter.com/fayliela/status/959909521756848128, https://medium.com/@elastos/ecosystem-collaboration-governance-reward-mechanism-690d1adf331b

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.

Resources

A very, VERY in depth analysis of Elastos: https://steemit.com/elastos/@xiaojin/the-most-in-depth-analysis-in-the-elastos-history-of-the-2018-coinage

https://coinmarketcap.com/currencies/elastos/

https://www.elastos.org/static/file/elastos_whitepaper_0.2.pdf

[Anonymous No.7409540]

MCap predicted at 500m (estimated 10m circulating supply with a price of $53/token)
>tfw after selling VEN low at 4.25 and buying this at 38 I'm already back up to my net worth before the bear market

[Anonymous No.7409719]

I'm with you anon!

[Anonymous No.7409745]

I'm trying to help you faggots, the information I posted is a better way to begin research than any of the shit shilling threads that get posted here with no effort and "moon when?"