As blockchain technology matured beyond its initial cryptocurrency use cases, many projects began focusing on scalability, governance, and enterprise adoption. One of the industry’s key challenges has been building blockchain networks capable of supporting commercial applications at scale while maintaining efficiency and flexibility. As a result, a growing number of platforms have introduced new architectural approaches designed to address the limitations of earlier blockchain systems.
For blockchain projects, exchange listings also play a critical role in expanding market visibility and increasing token accessibility. Listing on major cryptocurrency exchanges can help broaden participation, improve liquidity, and introduce blockchain ecosystems to a wider global audience. These milestones often serve as important indicators of a project’s growth and market reach.
Singapore, Singapore – January 25, 2018 – aelf, the next generation cloud computing blockchain network, has today announced that its token ELF is live trading on leading 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 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.”
JL van der Velde, CEO of Bitfinex, said: “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 caliber tokens that we anticipate being well-received by our thriving community, making aelf the ideal addition to our existing offering.”
The aelf platform is a decentralized cloud computing blockchain network built with state-of-the-art design principles and technology. The 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.
“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,” added aelf Co-Founder Zhuling Chen.
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.
The evolution of blockchain technology continues to be driven by efforts to improve scalability, governance, and commercial viability. Platforms that focus on supporting enterprise applications and complex workloads are helping push the industry beyond its early experimental phase.
At the same time, access to major cryptocurrency exchanges remains an important factor in building awareness and expanding participation within blockchain ecosystems. As the market continues to mature, projects that combine innovative technology with growing community support will be better positioned to pursue long-term adoption.
For more information on aelf, visit aelf.io.
About aelf:
aelf is a multi-chain parallel computing blockchain framework which incorporates state-of-the-art IT design principles and technologies to bring it up to a commercial standard. aelf is envisioned as the “Linux eco-system for blockchain”, defining the most basic, essential, and time-consuming components of the system and making significant improvements based on existing blockchains in the market. The system will allow developers to customize it to meet their own needs, particularly commercial requirements for large and diverse industries. For more information, visit: aelf.io.
