FOR RELEASE ON SEPTEMBER 1ST 11:00 A.M. EST

[PRESS RELEASE] – Singapore (Sep 1st, 2021)

aelf announced its mainnet token swap to start on September 9th. The ELF mainnet swap can be executed manually on aelf website or automatically via exchanges, following a 1:1 ratio. This event will be an opportunity for ELF holders, developers, and Dapps users to get access to this inaugural event to spark the Web 3.0 era on aelf.

aelf mainnet token swap marks a preliminary success of aelf mainnet launch. Since going live on December 2020, aelf mainnet has proved its matured security and reliability. In line with the progress, aelf team will start the mainnet token swap on the 9th. Once swapped, mainnet ELF tokens will be able to meet users’ increasing demand of participating in the upcoming constructive events, such as node election, sidechain auction, management, and many more. Users are highly encouraged to replace their ERC-20 ELF tokens with ELF mainnet tokens. In this way, they will migrate their token assets from Ethereum to the native blockchain network.

In gratitude to the enthusiasts, aelf will send away an extra 5% airdrop to swap users during the first 15 days of the mainnet swap event. The airdrops are worth a total of 27 million ELF tokens (worth approximately 10 million dollars) capped. The airdrops will be delivered when executing the swap via aelf website or eligible exchanges in real-time. aelf will also hold a 7-day “Lucky Elf Raffle” with a total prize reached 119,000 ELF tokens.

aelf is leading the blockchain industry into a new era as a real Ethereum Layer 2 solution. aelf utilized its unique AEDPoS consensus to maximize the computing efficiency. aelf Enterprise has approached 35,000 TPS on a single sidechain so that the service fee could be fixed at $0.1 regardless of the marketing turbulence. aelf also developed its versatile oracle to support the two-way communication among projects and to achieve cross-chain execution within seconds.

About aelf:

aelf is a prestigious public blockchain providing a high-speed open infrastructure for users and developers around the world. aelf innovated in the cross-chain collaboration mechanism, elegant multi-level side chain system, and unlimited expansion capabilities. aelf owns and can seamlessly connect with the existing ecology that is safe, efficient, autonomous, stable, easy to use, and transparent.

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