Aelf Token Price Rises 40% Before Its Mainnet Token Exchange

ELF, the native token of the aelf blockchain, is in full swing after the project announced the launch of the mainnet exchange on September 9 starting at noon. three-month event allows users to exchange their ERC20 ELF tokens for new mainnet ELF tokens in a 1: 1 ratio. During the exchange window, the aelf team will deliver 27 million ELF airdrops for a value of $ 12,000,000.

Data from cryptocurrency ranking website Coinmarketcap now shows that the ELF token records massive gains after news of the mainnet exchange. social media. Hot crypto has surged over 40% in the last 24 hours as investors await a new chapter for the aelf ecosystem. ELF token is changing hands for $ 0.73 and has a market capitalization of just over $ 400 million.

aelf team is working closely with top-tier exchanges to facilitate an efficient, secure, and hassle-free mainnet token exchange. Users who complete their token exchanges through eligible exchanges by September 23 have a chance to earn an additional 5% from mainnet ELF airdrops.

An important milestone for Aelf

aelf is a cloud computing blockchain that offers solutions for the future digital economy. In December last year, the decentralized platform went live. Furthermore, it promised to transform the blockchain space with its new performance experience.

aelf mainnet token exchange marks a watershed moment for the platform as it effectively activates the ecology of the fully connected blockchain. Developers and crypto enthusiasts can now use their mainnet ELF tokens to access the ecosystem quickly and conveniently.

aelf leverages the Consensus AEDPoS mechanism, improving the frequency and efficiency of block production. In addition, the project supports high-speed intra-chain and multiparallel transactions at ultra-low rates of $ 0.1.

platform offers development teams a free development template with versatile modules like smart contracts and a communication protocol. se vital tools pave the way for a new era in the development and use of Dapp in the blockchain world.

ultra-fast, self-evolving blockchain can also accommodate DApps from other leading blockchain ecosystems such as Polkadot and Ethereum.

An Ethereum Layer 2 in Practice

aelf seeks to become ETH Layer 2 in practice with its ability to integrate multi-chain parallel transactions on different blockchains.

Aelf’s experienced technical team designed their platform to improve other public blockchains. team equips projects with improved performance, improved processing efficiency, and unmatched scalability.

Blockchain users can also transfer NFT between the aelf ecology and the Ethereum network. Additionally, the open source blockchain has built-in support for a wide range of NFT application setups, including high-performance games.

Read also Bitcoin Lightning Network is growing faster than you think

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