What is the total amount of ela coins?

The total amount of ELA coins is 28 million, and the distribution includes: 1. Mining rewards (80%) 2. Team reserves (10%) 3. Community reserves (6%) 4. Private placement (4%). The limited total amount enhances its scarcity, making it a potential store of value and investment asset.

The total amount of ELA coins

The total number of ELA coins is 28 million.

Detailed explanation:

ELA coin is a cryptocurrency and digital asset based on distributed ledger technology (DLT). Its total amount is limited and cannot be increased through additional issuance. This differs from fiat currency, which can be issued in unlimited amounts by a central bank.

The total amount of ELA coins is distributed as follows:

• Mining reward: 80% (22.4 million coins)
• Team reserve: 10% (2.8 million coins)
• Community reserve: 6% (1.68 million coins)
• Private sale: 4% (1.12 million pieces)

The mining reward of ELA currency is halved every four years, which is called "halving". This means that the number of newly created ELA coins will gradually decrease until all 22.4 million ELA coins have been mined. The last ELA coin is expected to be mined around 2045.

The limited total supply of ELA coins promotes its scarcity and value, making it a potential store of value and investment asset.

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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