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@cz_binance@cz_binance
With all due respect, I just have one question.
Why does binance support and list "less" fundamental projects, and those with strong fundamentals like Elastos $ELA are ignored? A project that will change the future in crypto!
Right now @ElastosInfo has 46% of Bitcoin hashpower. Satoshi advocated for merge-mining in 2010, see his post here 👇
$ELA, 28,220,000 coins total by 2105 with halvings every 4 years is secured by BTC's biggest miners, Binance pool, Antpool, ViaBTC - see here https://t.co/pkyZkypY3A
BTC Miners receive additional income via ELA (which they secure) in return for sharing their Bitcoin CPU power at no additional cost, enabling resource sharing and the https://t.co/9q0CuwpjTV SmartWeb vision and @Be_Layer2.
Based on Bitcoin POW security value and ELA share, this simple calculator shows the opportunity of merge mining, thus ELA, currently at $2.33, being missed by many value investors and Satoshi believers: https://t.co/QnrIRwMfa4
$ELA, currently $2.28, based on value investing should be worth $167 a coin, here’s why.
Elastos is merged-mined with Bitcoin, which means ELA and #BTC share mining resources, allowing Proof-of-Work miners to secure both networks simultaneously for rewards without additional computational effort.
Bitcoin's current hashrate is 512.31 EH/s (a unit used to quantify the computational power securing the network). The top mining rig, @Antminer_main S19 Pro ($6,553) achieves around 110 TH/s. It would take approximately 4.66 million Antminer S19 Pro machines to match Bitcoin's hashrate today, making BTC the most secure digital asset in existence.
Elastos has 45% of Bitcoin’s Hashrate today, ELA is secured by some of the biggest Bitcoin miners including
@AntPoolofficial, @binance and @ViaBTC. You can verify here: https://t.co/ROg6iwP0R5. So, let’s calculate as a value investment why ELA is worth $167 a coin (this is not financial advice).
1. Annual Value of Bitcoin’s Hashpower
• Bitcoin Price: $63,796
• Bitcoin Block Reward: 3.125 BTC (every 10mins)
• Blocks per Year: ~52,560
• Annual Mining Rewards (BTC): 164,250 BTC/year
• Annual Mining Rewards (USD): 10.48 billion/year
2. Elastos' Hashpower Share:
• Elastos’ Share of Hashrate: 45%
• Annual Value of Elastos' Hashpower: USD 4.71 billion
• Total Supply of ELA (by 2105): 28.22 million tokens
• Per ELA Token Value: 167 USD/ELA
With 45% of Bitcoin’s hashrate security, ELA has an estimated annual hashrate value of $4.716 billion. Given a total supply of 28.22 million ELA tokens by 2105, this implies the value of approximately $167 per ELA token in security.
Now, this model is on security alone. If you go to https://t.co/ggx0SKupfF you will learn an economy is being built on Elastos, such as @Elacityofficial
markets and @Be_Layer2 's Native BTC-backed DeFi using ELA Nodes.
On December 9, 2010, Satoshi advocated for merge-mining. Elastos has been doing it since 2018, and at $2.28, for me, it remains one of the most exciting value investment opportunities of our time 👑
Data from Elastos' BIT Index reveals that tech-savvy Americans overwhelmingly back Trump as the most 'crypto-aware' presidential candidate, with 50% of votes, trumping Biden at 32%. 📊
And a stunning 80% believe Bitcoin will soon be the global 'default' currency! 🌐
The crypto revolution is here! ⚡️
You can find more exciting findings here ⤵️
📖: https://t.co/7G4o352xIZ
Elastos is bringing BeL2 to the @TheBitcoinConf in Nashville! 🌟
Join us at Booth 621 from July 25-27 to discover how we’re transforming Bitcoin into a smart, versatile asset while preserving its core decentralization ⚡️
Read more at 👉 https://t.co/Fb5ycn1kyC
#Bitcoin2024