Elastos builds a SmartWeb ecosystem on top of Bitcoin merge-mining, using its ELA token as a Bitcoin-secured reserve asset and foundation for decentralized applications. The project has supported merge-mined ELA since 2018, with a fixed cap of 28.22M tokens to be fully mined by 2105 and a reported ELA market cap of $48,542,586 secured by nearly 50% of Bitcoin’s hashrate (366.01 EH/s). Its flagship DeFi protocol, BeL2 (launched in Q2 2024), lets Bitcoin holders collateralize BTC in personal wallets to access Ethereum smart-contract services without relying on synthetic BTC or centralized custodians. Elacity is a Web3 data marketplace enabling creators to tokenize and monetize content; early tests include a creator earning $5,600 in 24 hours, and Elacity v2 is slated to launch in April with channels and subscription models. Governance is conducted via the Cyber Republic Consensus (CRC), formalized as a DAO LLC in the Marshall Islands, where ELA holders can stake, earn APY, and elect a 12-member council. Elastos says its stack combines locking scripts, zero-knowledge proofs, oracles, and an arbiter network to support BTC-backed DeFi and a decentralized digital goods economy.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2025