Elastos ELA ICO: Smart Web Blockchain Cryptocurrency Coin?
Are you looking to invest in an innovative company? This is one of the greatest ways to make a profit, so it can be a great idea to for you to look for companies which think outside of the box to invest in. To do this, you need to know the market very well and know the secrets of investing, but you can know all that by being well informed about the trends of the cryptocurrency market.
Fortunately, our blog can give you a hand at times like these. We look for the most interesting companies, investments and news so you can be 100% sure that you are well informed when you read our blog. Today, we are going to review a new start-up company called Elastos.
What is Elastos?
Elastos is a company which is building a new kind of internet using its technology, in which people will really own their digital assets and will generate real wealth from these assets. While there are many ebooks, digital games and such products today, people do not really own them. They only own the right to use these products.
The biggest objective of Elastos is to create an internet in which the users will not need third-parties anymore to watch movies or play games. The company wants to be a decentralized platform for decentralized applications (dapps), which will on a P2P scheme.
If the internet of today is all about accessing data, Elastos want to help create an internet which will all about P2P exchanges of apps. When you click on a site’s URL, you will get code instead of data and the code will be run directly on your own computer at home. This will be the basis of the Elastos Web.
Elastos is an open-source project sponsored by powerful companies like TD-SCDMA Industrial Alliance, Foxconn Group and Tsinghua Science Park.
How Does Elastos Work?
If we were to simplify how Elastos work for people who do not understand its technology very well, we could say that basically, Elastos is an internet browser which is planning to use blockchain to create an alternative web which will function using code instead of data. Why is that so different?
Because you generally receive only data from the sites and they use their own programs to generate that data. When you watch Netflix, you do not receive the raw code of the movies to be played on your computer, what you receive instead is the information and you need to use that site to watch them.
While the information will work in a decentralized way, Elastos will use its own ELA tokens as a cryptocurrency to pay for the services of accessing this files all over the over. You will be able to use your ELA tokens to pay to access movies and games.
How to Invest in Elastos ELA?
To invest in this company, you will have to buy its ELA tokens. The token sale or Initial Coin Offering (ICO) has already begun and it will last until the end of January. The price of the tokens is pretty high, though. With 1 BTC, you will be able to buy 800 ELA, which makes them pretty expensive. You will have to pay at least 0.1 BTC to participate in the ICO.
If you have Bitcoin, you will be eligible for an airdrop. The Elastos have much to thank the Bitcoin community for its help in the past, so it will distribute ELA tokens on a 1:1 rate for Bitcoin holders.
The Elastos ELA ICO Verdict
Is this company a great investment for you? It seems that it could be. Elastos is a very serious company which has a great business plan and plenty of vision for the future. Because of this, Elastos can be considered a very interesting investment.
If you plan to use the services of the company to host your products, the investment can be even better because the price of the ELA tokens is already expensive right now and it will probably only get more expensive in the future.
If you liked this company, invest without being afraid. Elastos is a great choice and it really has a great vision for the future of the blockchain technology and of the future of the internet.