Who is the founder of ela coin?

The founder of ELA coin is Chinese businessman Fu Xinke. Fu Xinke founded a number of technology companies, including China Internet Group, Elastos Foundation and ELA Chain Fund. He founded Elastos in 2017 with the aim of using blockchain technology to build a new Internet. ELA coin, as the native token of the Elastos blockchain, is used to pay transaction fees, pledge and governance.

Founder of ELA Coin

The founder of ELA Coin (Elastos) is a Chinese businessman named Fu Xinke.

Detailed introduction

Fu Xinke is a successful entrepreneur who has founded many technology companies, including:

• China Internet Group (CIG): A company that provides Internet services to enterprises.
• Elastos Foundation: A non-profit organization aimed at supporting the development of the Elastos ecosystem.
• ELA Chain Fund: A fund that provides funds for the development of ELA currency.

Fu Xinke founded Elastos in 2017 with the aim of creating a new Internet based on blockchain technology. Elastos aims to solve the challenges faced by the traditional Internet by providing a decentralized, secure and scalable infrastructure.

ELA coin is the native token of the Elastos blockchain. It is used to:

• Pay transaction fees: The fees required to execute transactions on the Elastos blockchain.
• Staking: Holding ELA coins can participate in the security and verification of the Elastos network.
• Governance: Holders of ELA coins can vote on the development of the Elastos network.

Fu Xinke’s passion for blockchain technology and his vision for creating a new Internet are key drivers for the success of the Elastos project.

At 17:00 on July 10, Elastos (ELA) was quoted at $1.8525551056574, and the trading volume in the past 24 hours was $569725.60525738. Nonetheless, the price of ELA has experienced a -2.40884598% drop in the past 24 hours, which is somewhat disappointing.

As of now, the circulating supply of ELA is 22123667, the total supply is 22123667, and the maximum supply is set at 28219999. This means that the amount of ELA currently in circulation accounts for 78.38% of its maximum supply. The circulating market value of ELA is $40985312.256715, indicating its current value and influence in the cryptocurrency market.

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