Question 1

What is it?

Accepted Answer

**The Token:** aelf (ELF) is an ERC-20-based token that operates on the Ethereum platform. It is utilized as the primary token within the aelf ecosystem and plays a significant role in its functioning, as discussed below.

**The Platform/Project:** aelf is a decentralized, AI-enhanced Layer 1 cloud computing blockchain network. Leveraging the robust C# programming language, aelf's multi-layered architecture ensures efficiency and scalability across its mainchain and sidechains. Founded in 2017 with its global hub in Singapore, aelf pioneers blockchain evolution in Asia by integrating state-of-the-art AI and modular Layer 2 ZK Rollup technology. This sophisticated setup aims to achieve scalability, enhance performance, and provide resource segregation for decentralized applications, all while maintaining a developer and end-user-friendly environment. With its unique "one chain to one smart contract" system, aelf ensures that business applications have independent blockchain systems, avoiding performance interference.

Question 2

What is it used for?

Accepted Answer

ELF tokens have various uses within the aelf ecosystem:

* **Resource Allocation:** ELF tokens are used to obtain resources on the aelf network, such as storage or computing power.
* **Staking and Governance:** Token holders can participate in network governance, making decisions about upgrades, parameter adjustments, and other changes to the aelf system.
* **Transaction Fees:** Sending transactions or deploying smart contracts on the aelf network requires ELF tokens as fees.
* **Cross-chain Interaction:** ELF tokens facilitate interoperability between the main chain and side chains, ensuring smooth and efficient communication between them.

Question 3

Who created it?

Accepted Answer

aelf was co-founded by Ma Haobo, who is also the CEO. Before establishing aelf, Ma Haobo had experience in blockchain, having founded Hoopox, a blockchain technology team. Since its founding in 2017, aelf has been led by a team of highly experienced Web3 veterans, including its current CEO Auric. aelf's innovation-driven leadership and early global exposure, including its 2017 introduction at a Coindesk conference, have helped it secure investments from prominent institutions such as Arrington Capital, Draper Dragon, and Galaxy Digital. Following a successful Testnet launch in 2018, aelf’s Mainnet was officially launched in 2020.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ELF-USDT ELF_USDT	gateio	A	0.07720USDT	-0.09%	398,520.00ELF	121	0.07727USDT	0.07759USDT
2	ELF-USDT ELF-USDT	okex	A	0.07371USDT	0.00%	0ELF	0	0.07371USDT	0.07371USDT
3	ELF-USDC ELF-USDC	okex	A	0.07534USDC	0.00%	0ELF	0	0.07534USDC	0.07534USDC
4	ELF-USD ELF-USD	okex	A	0.07517USD	0.00%	0ELF	0	0.07517USD	0.07517USD
5	ELF-EUR ELF-EUR	okex	A	0.06371EUR	0.00%	0ELF	0	0.06371EUR	0.06371EUR
6	ELF-USDT elfusdt	huobipro	C	0.06160USDT	-1.44%	25,520,801.89ELF	28,143	0.06250USDT	0.06519USDT
7	ELF-KRW KRW-ELF	upbit	B	103.00KRW	-0.96%	1,381,607.55ELF	209	104.00KRW	105.00KRW
8	ELF-USDT ELFUSDT	mexc	C	0.07587USDT	-0.75%	730,098.00ELF	3,022	0.07643USDT	0.07645USDT
9	ELF-KRW ELF_KRW	bithumbkorea	-	102.00KRW	-0.97%	712,692.67ELF	74	103.00KRW	104.00KRW
10	ELF-USDT ELF_USDT	coinw	-	0.07645USDT	0.18%	227,983.02ELF	1,740	0.07631USDT	0.07650USDT
11	ELF-BTC BTC-ELF	upbit	B	0.0₆8900BTC	0.00%	0ELF	0	0.0₆8900BTC	0.0₆8900BTC
12	ELF-KRW ELF-KRW	gopax	D	149.00KRW	0.00%	0ELF	0	149.00KRW	149.00KRW
13	ELF-USDT ELFUSDT	latoken	D	0.1000USDT	0.00%	0ELF	0	0.1000USDT	0.1000USDT