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Analysis of

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Data
Release Date: 2017-12-20
Consensus Algorithm: DPoS
Dividends: Yes, PoS
Anonymous Team: No
Circulating Supply: 280,000,000
Total Supply: 1,000,000,000
ICO Price: $0.099
ICO Raised: $24,750,000
Description
Developed by the ælf Foundation, ælf is a decen-
tralized cloud-computing blockchain that aims to
provide a high performance platform for commer-
cial adoption of blockchain.
Single nodes on the ælf blockchain are computer
cluster networks (cloud networks). Naturally, each
node on the ælf blockchain is in charge of much
more processing power than usual and they scale
very easily - instead of upgrading computer hard-
ware, an operator would add more computers to
the cluster. Moreover, the computer clusters can
execute in parallel.
Complex smart contract transactions can thus
be split up and delegated to different computers
who execute in parallel, resulting in much faster
confirmation times. This is basically an implemen-
tation of sharding.
ælf is a multi-chain network and each side chain is
independent from another and executes its own
smart contracts so it does not slow down other
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Inflation:
25% Foundation (vested 3 years)
10% Advisors + Partnerships (vested 2 years)
16% Team (vested 2 years)
12% Marketing/Airdrop
12% PoS + PoW (100 years)
chains. The side chains are very flexible and can
even implement their own consensus mechanis-
ms, different from the one used in the main chain.
The main chain acts as the ledger and communi-
cation hub.
ELF tokens are used to pay resource fees in the
system, such as deployment of smart contracts,
operating and upgrading of systems (transaction
fees, cross- chain data transfer fees). It also enab-
les the community to vote on major on-chain deci-
sions, such as electing mining nodes, introducing
new features to the system and other major de-
cisions, which collectively enable self-evolution
capability of the network.
Many people think ælf is a cloud-computing plat-
form. It is not. Instead it resembles a modular ope-
rating system on which dApps and smart contra-
cts can run on - powered by cloud-computing.
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The team
This section is a copy-paste from this article:
https://medium.com/@quantalysus/project-upda- Under Hoopox, they gained experience in intro-
te-aelf-96abca014894 (reccommended read) ducing businesses to the blockchain. They are
very active on Twitter, Medium, and other social
Core team media outlets. COO Chen Zhuling just recently
Ælf was founded by Ma Haobo. He was founder/ posted a thoughtful article on crypto regulation
CEO of Hoopox, a technology consulting and soft- for both Western and Eastern markets. Fu Li was
ware development shop focused on the block- also Technology VP at FBG Capital (one of the in-
chain. If you go to their website you’ll see they vestors listed below).
partner with Onchain (which shares two founders
of NEO). Version 1.2 of Aelf’s whitepaper is sto-
red on Hoopox’s directories. It dates back to No-
vember 2017. Aelf has been around for six months
and it’s still very much under the radar. If you’re
a Binance user you may have seen ELF on the
exchange and said to yourself… “what is that?” Ma
Haobo was also the CTO of GemPay and AllCoin.

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Grid Foundation
The Grid foundation was set up as a non-profit
entity to promote Ælf’s technology development
and build out its business ecosystem. Many pro-
jects have a similar setup such as Neo Global
Council (Neo), Qtum Foundation (Qtum), Loki Net-
work Foundation (Loki, upcoming project — see
my most recent post). If you’re wondering why
Grid is the name of the foundation, it’s because
the project was formerly called Grid. I like Grid
better than Ælf, but hey it’s not my project.
Token distribution
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Advisors
• Zhou Shouji, founding partner of FBG Capital
(invested in Zilliqa, EximChain, NucleusVision)
• J. Michael Arrington, founder and CEO of Tech-
Crunch (also advisor to NEXO)
Investors
• Basically it’s a who’s who of crypto investing.
• Draper Dragon
• Blockchain Ventures
• FGB Capital
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Roadmap

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SWOT analysis


• Strong team with various competencies in techno-
logy, business, finance and startup.
• Technology is developed with commercial-scale use
in mind
• Scalable and specialized nodes
• Parallel execution and resource segregation
• Infinite independent side-chains
• Interoperability with other blockchains via messaging
• Side chain templates for businesses that need their
own chain, but have limited blockchain competences



• No one has first-mover advantage in the space yet -
ælf has a chance despite it being a new project
• Could co-exist with competitors
• The side chain templates could lower the bar of entry
to the crypto space
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• Competition is fierce - Zilliqa, IOS token, Cardano,
EOS and many more
• Is very new and must prove itself by standing the test
of time and hack attempts
• Should attend more conferences in the west
• Marketing lacks in the west as well
• Big inflation to circulating supply in 2-3 years
• Parallel execution gets exponentially more complex
to develop the more processes run in parallel - might fail
miserably on blockchains
• Attackers could create side chains to attack the main
chain
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Helpful charts
Most of these are taken from a powerpoint pre-
sentation ælf created. We recommend checking
it out: https://grid.hoopox.com/ælf%20presentati-
on-EN.pdf

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Links
Website: http://www.ælf.io
Medium: https://medium.com/@ælfblockchain

Telegram: https://t.me/ælfblockchain
Twitter: https://twitter.com/ælfblockchain
Discord: https://discord.gg/AEQG7n2
Slack: http://slack.ælf.io/

Whitepaper:
https://grid.hoopox.com/ælf_whitepaper_EN.pdf

Presentation:
https://grid.hoopox.com/ælf%20presentation-EN.
pdf

Analysis by Cryptoswot:
https://cryptoswot.com/coin/elf

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