Image for post
Image for post

The aelf Mainnet Full Function Tryout is in full swing, offering prizes worth up to $200,000 USD. Up to now, the TVL has exceeded 17.3 million ELF, we’d like to say thank you to our community members for your active participation.

In response to the community feedback, we have made some adjustments to the campaign rules: first, all ERC20 ELF rewards will be replaced with the mainnet ELF Token; second, a Referral Prize Pool Dividend mechanism is set.

Why replace ERC20 ELF rewards with mainnet ELF Token?

Since the launch of the campaign, we’ve received lots of feedback from our community that the mainnet ELF Token obtained through staking…


Image for post
Image for post

aelf mainnet’s full function tryout kicked off today at 12:00(SGT)!

From 4 Feb 12:00 to 3rd Mar 18:00(SGT), users can participate in “Stake and Get Returns”, Daily Tasks, Lottery Draw and Lucky Box.

This campaign offers prizes worth up to $200,000 USD, including 200,000 ELF Tokens(mainnet token), up to 600,000 ERC20 ELF Tokens, and other prizes such as Tesla car, iPhone 12 and PS5. Join now!

How to participate?

Please find the following link to the campaign webpage where users can stake, redeem, participate in Lottery Draw and Daily Tasks.

🔥Campaign page: https://mainnet-tryout.aelf.io/#/

Users who have completed staking can receive returns proportionally, including…


Image for post
Image for post

Pre-staking will start today at 18:00(SGT)!

Please find the following link to the campaign webpage where users can stake, redeem, participate in Lottery Draw and Daily Tasks.

🔥 Campaign page: https://mainnet-tryout.aelf.io/#/

What do you need for staking?

Users are expected to use Matamask wallet to stake ERC20 ELF Token through the campaign page and then the platform will offer the mainnet ELF Token and LOT Token to users proportionally as returns. Users need to collect these returns manually to their aelf wallet.

👇Instructions on how to install and use the must-have software: https://aelf.io/gridcn/How_to_Prepare_Must-Have_Software_en.pdf

👇Claim Token instructions: https://aelf.io/gridcn/ClaimToken_Instructions_en.pdf

Why is only the beta version of the must-have software available?

Currently, we provide internal beta version of aelf Wallet…


Image for post
Image for post

Since the announcement of the aelf mainnet full function tryout, community users have shown great enthusiasm in participation, and we have also received various feedback from the community, asking for an explanation on rules of “Stake and get returns” and instructions on how to stake. Therefore, before the campaign officially starts, we’ll explain the rules again so that users can better understand them.

What are the rules of “Stake and get returns” and “Divvy up the Prize Pool”?

During the campaign, users can receive the ELF Token (mainnet token) as reward through staking. It is similar to a fixed deposit in a bank, as the campaign stipulates that if a user stakes ERC20 ELF Token…


Image for post
Image for post

Before token swap, aelf will carry out the mainnet’s full function tryout for the community. Join the event and you’ll have a chance to win prizes worth $200,000 USD, including ELF (Mainnet Token), a Tesla car, iPhone 12, PS5 and a lot more!

Users who participate in staking will receive earnings. Through staking, you will get ELF Token (Mainnet Token) and LOT Token (Lottery Draw) for the tryout. This is also a large trial run before the mainnet token swap, which can avoid unnecessary problems and losses and ensure the security of the future mainnet token swap.

Campaign Schedule

The campaign is…


Image for post
Image for post

At the beginning of 2021, the results of the ‘Most Popular IT Book of 2020’ event hosted by 51CTO were announced. After nearly two months of voting, the ‘aelf Blockchain Application Architecture Guide’ has been selected as one of the TOP 5 books in the Artificial Intelligence category, and has been named ‘The Most Popular IT Book of 2020’.

The “aelf Blockchain Application Architecture Guide”, co-authored by Du Xingzhou, R & D and Project Management Engineer of Blockchain Technology, Meng Fanke, senior blockchain system engineer, Hao Yukun, Senior Director of Shanghai Wanxiang Blockchain Co., Ltd., …


Zhuling’s live talk

Image for post
Image for post

Hello Everyone! I hope you all had a good weekend.

First of all, I would like to thank Jinse Finance for inviting me to share with you the latest developments of aelf and what to expect from the year of 2021.

After a long and arduous development process, aelf has launched the mainnet last December. Unlike most of the projects with only simple functions such as producing block in the initial stage, aelf’s mainnet offered a lot more. aelf’s mainnet contains all the functions in the whitepaper, as well as complete development and supporting tools, such as wallet, explorer and…


Image for post
Image for post

On February 17, 2020, the aelf Economic & Governance model was announced on Twitter with a link to the Economic and Governance Whitepaper. This whitepaper provides insight into the financial structure of running a node on the aelf blockchain. It is broken up into 3 main topics: Token Model, Incentive Model, & Governance, covering the rights and collaboration rules of production nodes, candidate nodes, developers, and investors. Since the release of the WhitePaper, the aelf team has updated it several times. The latest version is available here: https://aelf.io/gridcn/aelf_whitepaper_EN.pdf?v=1.6

This article will interpret the economic models and governance mechanisms to help…


Image for post
Image for post

A consensus algorithm is a fault-tolerant algorithm that is used in computer and blockchain systems to achieve the necessary consensus on a single data value or a single state of the network among distributed processes or multi-agent systems, such as with cryptocurrencies. It is very useful in record-keeping, among other things.

The proof of work (PoW) is a common consensus algorithm used by the most popular cryptocurrency networks like Bitcoin and Litecoin. It requires a participating node to prove that the work done and submitted by them qualifies them to receive the right to add new transactions to the blockchain…


Image for post
Image for post

The year 2020 is coming to an end. In this ‘Magical’ year, although the coronavirus swept across the world, it did not affect the development of the blockchain industry. Public chains and their ecosystems have made great breakthroughs. Moreover, China’s favorable policies for the blockchain industry are also emerging. With a booming market and favorable policies, aelf has also made great strides this year. Now let’s take stock of the aelf’s achievements in China in 2020.

January 2020

Cooperation with Deqing County Government of Zhejiang Province

We have actively responded to the Poverty Alleviation Policies of the Chinese government and promoted the application of blockchain technology in poverty alleviation and…

ælf

ælf, the next breakthrough in Blockchain.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store