Elan price

ELAN

On August 3rd, 2022, Elan Future launched its ELAN token, initially creating 1 billion ELAN tokens. These tokens were distributed without cost to Early 45-106 Qualified Believers who shared a commitment to the company's research, mission, and innovations. Additionally, tokens were allocated to members from various underprivileged communities in regions such as Ukraine, DRC, Canada, and the United States.

In a strategic marketing move, Elan Future dedicated 0.5% of this supply to members of the Bored Ape Yacht Club and Mutant Ape Yacht Club.

Notably, Elan Future renounced ownership of its smart contract, resulting in a final supply of 35,524,060.1334 tokens for version 1. The remaining tokens were intentionally burned, setting the stage for operational analysis. This analysis will inform the utilization of the native token in version 2, expected to coincide with the availability of their generators in the retail market. This approach underscores Elan Future's commitment to data-driven decision-making and innovation.

ELAN, the native token of Elan Future, is now accessible for trading across an expanding array of cryptocurrency exchanges, offering diverse pairs that encompass cryptocurrencies and stablecoins.

Here's where you can find the Elan Token:

1. MEXC: You can trade ELAN on MEXC Exchange, a reputable platform known for its robust trading services and diverse asset offerings. MEXC Exchange provides a secure environment for trading ELAN.

2. CoinStore: ELAN is also available on CoinStore, an exchange that caters to both novice and experienced traders. Explore ELAN trading options on CoinStore Exchange to diversify your portfolio.

3. Uniswap: For those seeking decentralized exchange options, ELAN can be traded on Uniswap V3, a decentralized exchange protocol known for its liquidity and versatility. Find ELAN on Uniswap V3 for a decentralized trading experience.

It's essential to note that Elan Future upholds a firm stance of not engaging in the sale of ELAN tokens to users and does not promote the sale of tokens. These tokens were distributed at no cost during our launch event and during an Airdrop made to BAYC/MAYC Token Holders. To acquire ELAN tokens, interested parties can access them exclusively on Approved Exchanges operating within Approved Jurisdictions.

For newcomers to the world of cryptocurrency, CoinMarketCap offers a comprehensive guide that simplifies the process of purchasing Bitcoin and various other tokens, making it more accessible for all.

The Elan Token's uniqueness largely stems from its deflationary nature, an aspect that differentiates it from many other cryptocurrencies. This deflationary characteristic is directly tied to its utility in energy generation.

When users of the Elan Token employ these tokens to activate their generators and produce electricity, the tokens are 'burned' or permanently removed from circulation. This burning process is crucial in reducing the overall supply of the tokens over time.

A deflationary token, by design, becomes rarer as more of it is used, which could potentially impact its value. In the case of the Elan Token, as more tokens are burned to generate electricity, the total number of tokens in existence decreases. This reduction in supply can lead to an increase in the value of the remaining tokens, assuming demand remains constant or increases.

The utility of the Elan Token is thus twofold: it serves as a means to generate electricity through the associated generators, and it also functions within a deflationary economic model. This dual utility - practical energy generation and a potentially appreciating asset due to its decreasing supply - is what makes the Elan Token distinct.

The Elan Token's unique position is further solidified by Elan Future's policy of exclusively accepting this native token for the purchase of its generators and all other products. This approach reinforces the token's utility and integral role within the Elan Future ecosystem.

This exclusive acceptance policy means that customers interested in acquiring Elan Future's generators, or any other products, must use Elan Tokens to complete their transactions. Such a strategy not only creates a specific demand for the token but also ties its utility directly to the tangible value of physical products, in this case, energy-generating equipment.

The decision to limit transactions to the Elan Token for Elan Future's products serves multiple purposes. Firstly, it creates a closed-loop economy where the token circulates within the ecosystem, enhancing its value and utility. Secondly, this exclusivity potentially increases the demand for the token, as it becomes a necessary asset for purchasing Elan Future's innovative products.

This policy could also encourage the adoption and use of the Elan Token beyond its initial user base, expanding its reach to a broader audience interested in sustainable energy solutions. As the only means to transact within the Elan Future ecosystem, the Elan Token stands as a key driver in the company’s business model, intertwining the token's economic value with the practical value of the products it is used to purchase.

Learn more about Elan Future here.

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