With the Elastos Foundation entering dissolution, 874,965 $ELA remains staked and 56,497 $ELA remains in multisig, totaling 931,462 $ELA. As assets bought with ICO funds, they should return to the Elastos DAO Treasury under community governance.
@SunnyFengHan $ELA $PGA
With the Bitcoin Dollar coming from Elastos, the next great Web3 narrative is coming, Bitcoin-backed finance with Elacity revenue markets.
In Web3 it was pure speculation from the start, Bitcoin into 2017 ICO craze and up until today, so much DeFi, but no revenue. Likewise, Bitcoin isnt a day-to-day currency, its digital gold, and we are seeing how old bitcoin forum posts even talk about Bitcoin-backed treasuries in the future issuing stable currencies for day to day commerce, but it needs to be decentralised.
Likewise, token (dis)inflation yield is not like revenue being generated by selling value like a car or gym membership for a fee, they are very different, and this is not available for digital assets in Web3 today, a real data exchange.
Elacity is building this revenue rail, which lets you generate revenue by selling value like media, games, AI access ect directly with the world using Web3 tech. Instant payments, your narrative, your terms, rules and trade globally, and how it supports stablecoins, particularly bitcoin-backed ones like Elastos' upcoming BTCD, but also USDC, USDT or even Gold-backed stables, helps drive global demand and utility.
Grinding on Elacity atm, excited to show all our teams big updates and work in accessibility coming.
My cross-chain DEX liquidity proposal is now live for voting!
In short, we can now trade $ELA in one transaction from 14+ chains like Arbitrum, Base, BTC L2s and soon Solana and bank transactions using @FinanceChainge.
However! Buying $1k of ELA is 1.45% fee, which is moderate/high, but buying $10k of ELA has a 9.85% fee, which is unacceptable! See slippage comparisons.
We fix this by adding more ELA/USDC liquidity to improve the slippage. Good news, we have USDC returned from Kairon already, so in this proposal I'm requesting ELA assets to match and add to our CR Liquidity pool.
This means 0 ELA sell pressure and a great trading service for all. 📑 Read the full proposal here! https://t.co/TNavcLRmfB
Elastos’ BeL2 aims to revolutionize global finance using Native Bitcoin🔥! They're building a peer-to-peer Bitcoin loan system where users control their data and digital assets all powered by their own BeL2 protocol,
Check out their take on why Bitcoin might be the "digital gold and the global reserve currency we need" below! 🪙
Give this a read! ↓
🔗 https://t.co/qD9xYcZxGx
🚨 MEGA GIVEAWAY & Minting Event 🚨
Minting Details:
•Total Supply: 500
•Mint Price: 50 ELA
•Mint Ends: May 4th
•Mint Now at: https://t.co/APmko7tJIb
🎁 Giveaway Details:
How to Enter:
•Retweet and like this post
•Tag 2 friends
•Cross your fingers for luck! 🐰
🏆 Prizes:
•First Prize: Legendary Mrs. Bunny NFT
•Second Prize: Mrs. Bunny NFT
•Third Prize: Bunny Punk NFT + 100 $BUNNY tokens
Winners will be announced in 48 hours. Best of luck to everyone! 🤞
Explore the Mrs. Bunny Collection on @Elacityofficial:
Collection: https://t.co/I9mQhhaepB
@unclenutcrypto I know your calls are normally in the single digit million mcap range or below. if this is not a must, take a look into @ElastosInfo , on chain since 6 years and now ramping up with the btcL2 narrative with an insane tech stack...
https://t.co/3PO6jH8L8X
#BTCLayer2 is the next leading narrative in the #Crypto land and there is new player that are currently presenting their solutions.
In this thread we will make a tour of $ela @elastosinfo with the #BeL2 innovation @Be_Layer2
🧵
$50M investment into IoTeX's DePIN ecosystem.
Funding from @snzholding, @ForesightVen, @borderless_cap, @ambergroup_io, @fmgroupxyz, @MetricsVentures, @EV3ventures, @waterdripfund, @SummerEverest & others.
The $50M will be injected into long-term staked $IOTX, our DePINsurf accelerator, and DePIN projects that are #BuiltOnIoTeX.
Our focus spans across AI, energy, mobility, and beyond, promising to usher in a new era of growth and innovation within the DePIN space.
Read more: https://t.co/q6dxWVfON2
🚀 $ELA $WINGS Giveaway 🚀
As promised, we broke $5 so giving back to our amazing community!
Ends April 13th
1. Follow
@coincreateHQ@ElastosInfo@Be_Layer2
2. Like & Retweet this tweet
3. Comment #Elastos & Tag 2 Friends
#Elawings#ERC404