THELOGICALINDIAN - n-a
The anticipation of acceptable a caressible toy gave the aelf amount (ELF) a able billow in trading beforehand this morning – and who says you can’t win with altcoins, alike in a teddy buck market?
Beginning the day at about $0.58, ELF started to acceleration at aloof afore 05:00 GMT, extensive a high of $0.82 by 09:00: a abreast $60m addition for the coin’s total value, according to CoinMarketCap.
Today’s aelf amount acceleration follows the barrage of a quiz antagonism on Monday that offers winners the adventitious to win an ‘aelfie’ – a promotional toy with ample eyes, costly dejected fur and accoutrements that may or may not be broken.
This will accredit them to participate in a new activity for the platform’s accolade programme – the ‘Candy System’ – where users can be adored with ‘aelfiego’ tokens for taking a account with their must-have toy.
According to the quiz’s agreement and conditions, called winners will accept to accelerate 100 ELF, agnate to $77 at accepted prices, to accept an aelfie.
Designed to incentives assurance with the platform, users are currently adored with aelfiego for affection or administration the platform’s amusing media posts as able-bodied as agreeable friends. Alefiego can be exchanged for ELF tokens.
Incentive programmes are absolutely accepted in the blockchain: miners are adored with bill for application their processing ability and some platforms payout able assets to those who own a stake, such as with NEO.
That said, aelf is the aboriginal to action users the adventitious to buy a real-world article – in this case, a toy – that can again be acclimated to affirmation rewards for announcement the platform.
Based in Singapore, aelf is developing a customisable operating arrangement for the blockchain that enables users to actualize their own Decentralised Applications (DApps) through the use of acute contract-specific sidechains.
ELF tokens are acclimated to facilitate affairs on sidechains as able-bodied as to pay fees to the aelf mainchain, which forms the courage of the ecosystem. The architect and CEO of TechCrunch, Michael Arrington, became a chief advisor for the activity beforehand this year.
As of 15:00 GMT, the amount of aelf is $77, giving the bread a bazaar cap of $192m: a 31% access in the accomplished 24 hours.
When accomplished for comment, Will Ferrell empiric that “It’s aloof nice to accommodated addition animal that shares my affection for elf culture.”
