By building blockchain-powered smart World Wide Web, Elastos realizes its open and shared smart-economy ecology where large-scale decentralized applications run with secure digital content and trustable trades.
3. Project Characteristics
(1) Realization of ‘separation of trust and computation’ render large-scale decentralized applications (DApp) have ‘usability’ and ‘credibility’;
(2) Solving the limitations of current blockchain systems, represented by Ethereum, where functionalities of smart contract virtual machines (VMs) are highly coupled.
(3) Guaranteeing that decentralized applications run on a high-performance secure ‘Internet of Wealth’ (IoW).
4. Token Overview and Distribution
Ecology building 1.65 million Angel investors 5 million (position all locked in the first year)
Private funding + public funding 8 million (position partially locked)
The Elatstos Foundation 3.5 million
Total ELA number issued: 33 million ELA offered initially (annual inflation rate of 4%);
Token generation way: 33 million ELA created in ICO, then a new 4% of ELA will be annually created by POW