Aelf is a decentralised cloud-computing network that has self-evolving governance, utilising a “one main chain + multiple side chains” structure. Aelf is designed to be a complete business solution, allowing developers to run and deploy dApps on these multiple side chains to maximise resource isolation for smart contracts. Aelf adopts a unique Proof-of-Stake consensus mechanism known as AEDPos which achieves high throughput, as well as highly efficient, multichain parallel-processing. Aelf uses scalable nodes and allows for secure and accurate cross-chain communication between the main-chain and the multiple side-chains. The native token of the Aelf network is the ELF token. The ELF token is used as the main incentive system on the Aelf network. The ELF token is also used for the network fees paid by developers or side-chain creators, resource fees for smart-contract deployment and cross-chain data transfers, system upgrades, token-holder voting rights, and for token staking by nodes.
The best place to buy Aelf is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Aelf (ELF). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of ELF is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Aelf with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy ELF instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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