Ellaism – ELLA Ethereum-Like Cryptocurrency With No Premine?
If you are a cryptocurrency investor, you are probably always looking for the best trades and investments. One worry that many investors share is that cryptocurrencies sometimes can be extremely unstable. Bitcoin, for instance, grew a lot in only a year, but already lost much of its value in a single day.
If you are a serious investor, you probably want stability. In this case, it’s normal that you would want to invest in cryptocurrencies that are stable and easy to use and exchange.
Because of this, our blog reviews many investments and altcoins to give our readers an overview of the market. Today, we are going to review Ellaism.
What is Ellaism?
Ellaism is an Ethereum-based cryptocurrency token that promises stability. It does everything other currencies do, but promises that transparency and stability will really be worth using this currency.
As usual, all transactions using ELLA tokens will be made through smart contracts and there is going to be a hard cap on the number of tokens produced to avoid inflation. Unlike central banks, Ellaism’s tokens cannot be generated anytime a bank wants, so they will not be as volatile as fiat currencies.
Ellaism is also building a community. This cryptocurrency wants to be really decentralized by letting its users have say in its future. You can visit the communities in Discord and Github.
How Does Ellaism Work?
It works just like every other cryptocurrency you can find online. You store it in a wallet can use it to pay for goods or exchange it for other cryptocurrencies. In this sense, Ellaism is not different at all from other cryptocurrencies.
You can also mine Ellaism just like you would do with any Ethereum-based cryptocurrency.
How to Invest in Ellaism?
To use Ellaism, you have to buy or mine their tokens. The total supply of Ella will not exceed 280 million units and 50% of them will be mined until 2027. Because of this, Ellaism wants to build a future in which their currency does not suffer from inflation.
Because of this, Ellaism will also avoid hard forks like those that have been occurring with Bitcoin recently, so their users can have more confidence that their coins will not suddenly become “Ellaism Cash” or “Ellaism Gold” or anything like that.
The Ellaism Verdict
Ellaism does not show any visible problem or indication of foul play, quite the contrary. This might not look like the most innovative cryptocurrency in the market, but it surely looks like one that wants to make its users feel secure that they will have stability while using it.
The price of many other cryptocurrencies might change a lot for better or for worse in the next few years, so Ellaism wants to maintain a sense of stability for investors that think about the long-term and that will be worried about the future.
If you liked the idea of Ellaism, feel free to invest in this company and you will probably be making a good investment.