Majuro, Marshall Islands, January thirtieth, 2025, Chainwire
Funding accelerates the event of Elastos’ ELA token, Native Bitcoin DeFi protocol, and Web3 knowledge financial system – positioning Elastos because the utility layer for Bitcoin.
Elastos, a decentralized net infrastructure pioneer, at present introduced a $20 million strategic funding from Rollman Administration to scale its Bitcoin-aligned ecosystem. Rollman Administration, acknowledged for its high-profile investments in blockchain initiatives like Ripple, Ethereum, Solana, and Planck, now ranks Elastos amongst its high 5 holdings. The partnership will gas the launch of Elastos’ Native Bitcoin DeFi protocol, BeL2, develop its merge-mined ELA token as a Bitcoin reserve asset, and speed up Elacity—a Web3 knowledge market that permits creators to monetize content material with out intermediaries on high.
With Bitcoin’s market cap surpassing $2 trillion, Elastos solves important gaps in Bitcoin’s ecosystem:Â
ELA as Bitcoin’s Merge-Mined Reserve Asset: ELA tokens have been secured by Bitcoin’s hash energy by merge-mining since 2018, aligning with Satoshi Nakamoto’s 2010 imaginative and prescient for decentralized networks. With a complete of 28,220,000 by 2105 and round 50% of Bitcoin’s hashrate, ELA beneficial properties safety and decentralization, offers extra income for BTC miners at no additional price, and creates a crypto economically sound reserve asset for Elastos’ Bitcoin-native DeFi system.BeL2: Bitcoin’s DeFi Breakthrough: Launching in Q2 2024, BeL2 permits Bitcoin holders to collateralize BTC in private wallets and entry Ethereum sensible contract companies. These embrace minting stablecoins, performing swaps, and borrowing belongings peer-to-peer, unlocking its worth all while eliminating reliance on artificial BTC (e.g., WBTC) and centralized custodians. BeL2 combines locking scripts, zero-knowledge proofs, oracles, and an arbiter community the place ELA stakeholders can stake ELA and earn BTC charges as decentralized nodes to help the protocol.Elacity: Web3’s Creator Revolution: Already confirmed in early checks, the place one creator earned $5,600 in 24 hours by tokenized podcast entry, Elacity v2 will launch in April with channels and subscription fashions. It permits influencers to encrypt, tokenize, and promote content material/royalties on Elastos for audio and video markets, with plans to increase its expertise to help the tokenization of AI markets.
“Leveraging Bitcoin’s trillion-dollar consensus to empower Web3 customers with scalable utilities—that’s the place Elastos is available in,” mentioned Rong Chen, Elastos Founder. “Merge-mining ties ELA’s safety to Bitcoin’s, and BeL2, Elastos’ decentralized finance protocol, unlocks BTC-backed DeFi with out compromises, while Elacity creates a decentralized digital items financial system on high. Rollman’s funding helps our function as Bitcoin’s utility layer”.Â
The $20M funding from Rollman will drive the development of Elastos applied sciences and in addition assist Elastos reorient its branding, mature its technological stance, and go to market. This contains enhancing advertising and marketing efforts, which is able to additional place Elastos as a frontrunner within the rising Bitcoin-native DeFi house.
Elastos as a Pioneer in Bitcoin-secured Governance
Past its technological developments, Elastos stands out for its Cyber Republic Consensus (CRC) governance mannequin, formalized as a DAO LLC within the Marshall Islands, which signed this settlement with Rollman. This delegate-based system permits neighborhood members to stake Bitcoin merge-mined ELA, earn APY, and yearly elect—or run as—one in all 12 council members who vote on proposals, drive innovation, signal contracts, and validate Elastos’ Good (EVM) and Identification (DID) sidechains. This ensures governance selections mirror the neighborhood’s pursuits and demonstrates Elastos’ dedication to a really decentralized and clear ecosystem rooted in Bitcoin.
As Elastos enters its subsequent section of progress, members can be a part of the ecosystems CRC DAO by buying merge-mined ELA, which has a market cap of $48,542,586 and is secured by practically 50% of Bitcoin’s hashrate (366.01 EH/s, equal to 244.008 Frontier Supercomputers). ELA gives 6+ years of confirmed safety, a hard and fast cap of 28.22M tokens to be absolutely mined by 2105, and three.29% emissions through its Necessities Pockets, making certain shortage and predictability for holders. Obtainable on Centralized Exchanges (Coinbase, KuCoin, Gate.io, Huobi, Bitget, Crypto.com) and Decentralized Exchanges (Uniswap, Chainge Finance, Glide Finance), ELA empowers holders to form Elastos’ future by CRC governance—driving innovation, reinforcing Bitcoin-level safety, and constructing the subsequent technology of decentralized purposes.
Further Info
About Elastos
Elastos is a SmartWeb ecosystem builder targeted on enabling decentralized utility creation and cross-chain connectivity. Constructed on high of Bitcoin merge-mining, Elastos depends on the safety of the world’s largest public blockchain and extends it with extra layers. The introduction of BeL2 and its Arbiter Community marks Elastos’ newest effort to advance a extra open, clear, and trustless world monetary system.
Web site: Elastos.dataÂ
X/Twitter: @ElastosInfo Â
About Rollman Administration Digital
Rollman Administration Digital is a personal funding and administration consulting boutique that’s integrated within the British Virgin Islands. The agency seeks to put money into gifted groups and their blockchain protocols to additional develop their expertise and enterprise whereas including important worth to the way forward for the fashionable financial system.
RMD is led by Victor R. Ch. Rollman, the founding father of Rollman Capital, Rollman Mining, and Rollman Administration. The Group gives a variety of funding alternatives, monetary companies, and administration consultancy to UHNWIs, entrepreneurs, growing governments, commodity buying and selling companies, banks, household places of work, and pension funds.
Web site: https://rollmanmanagement.com/
Contact
Ahmed IJElastos[email protected]
