Next generation cloud computing blockchain network aelf has announced that its token ELF is live trading on cryptocurrency trading platform Bitfinex. The Hong Kong-based exchange is one of the world’s largest cryptocurrency exchanges by trading volume and offers leveraged margin trading through the platform’s peer-to-peer funding market. The ELF token is also listed on other major exchanges including OKEx, Binance, Huobi, CEX, BCEX, Bibox, gate.io, KKEX, and BigONE.
Zhuling Chen, Co-Founder of aelf, said: “As aelf continues to pursue its goal of creating a superior, scalable blockchain architecture, we’re delighted to announce our listing on the Bitfinex exchange, one of the premier cryptocurrency trading platforms. The listing will further bolster the global reach of the aelf platform and increase the accessibility and utility of the ELF token, enabling us to breach new markets and invite more users into our community.”
CEO of Bitfinex, JL van der Velde commented: “Bitfinex is pleased to provide a platform of support for this forward-thinking and unique project, which we see as becoming a key contribution to the future development of a vibrant commercial blockchain ecosystem. We only select the highest calibre tokens that we anticipate being well-received by our thriving community, making aelf the ideal addition to our existing offering.”
The aelf platform is designed to bring three significant innovations to the blockchain industry. The first is resource isolatability for smart contracts, which will allow each smart contract to run on its own side chain to increase speed and efficiency of the blockchain network. The second is the addition of scalable nodes, which will enhance the computing power of the aelf system and enable more complex calculations to be completed. The third innovation is a self-amending governance model to ensure the smooth adoption of new updates to the system. The governance model will let token holders vote on proposed changes based on their stake in the project, incentivizing the self-evolution of the aelf ecosystem.
Chen added: “Our vision is to establish a blockchain ‘Central Business District’ where different industry applications have dedicated chains to serve their specific needs. As we bridge the gap between technical capability and commercial requirements, aelf is also committed to giving back to the highly-engaged community that has helped support our plan to unleash commercial values on a performant multi-layer blockchain system.
“With this listing, we hope to demonstrate our commitment to our supporters and push the boundaries of next-generation technology to facilitate large-scale commercial adoption of blockchain throughout the world,”
ELF’s listing on Bitfinex follows the addition of TechCrunch and Arrington XRP Capital Founder Michael Arrington to aelf’s Board of Advisors. In December, aelf successfully closed a private token sale to accredited investors, which amassed $25 million USD in contributions.