Wednesday February 24, 2021
Bitcoin (BTC) $48,884.00   Ether (ETH) $1,595.33
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Token Offerings/Listings

‘Blockchain Cloud Operating System’ Ælf raises 55K Ether in a private-only token sale

Published by CryptoNinjas.net
12/20/2017
‘Blockchain Cloud Operating System’ Ælf raises 55K Ether in a private-only token sale

Largely under the radar, the company announced they completed an ‘oversubscribed’ funding round that included an all-star lineup of investors. They plan to build a cloud-like operating system that acts like a ‘central business district’ for all blockchains, including Bitcoin and Ethereum.

Ælf, a blockchain technology company developing a new ‘Cloud Operating System’ that will act as a central hub for all blockchains, has announced the company has raised 55,000 Ether (the spot price was USD 450 by then)  in a private-only token sale from an all-star lineup of investors. The company stated that none of the investors received discounted rates or bonus tokens for their investments.

A New, Decentralized ‘Cloud Operating System’ for ALL Blockchains

The current challenge preventing the large-scale commercial adoption of blockchain technology is its inability to meet the requirements of various complex business scenarios. The “one size fits all” blockchain faces tough dilemmas to balance needs from different business scenarios. For example, digital ticket issuance or payment processing would require a high number of transactions per second, while digital legal contracts would emphasize high security and reliability.  In a perfect world, there would be one blockchain that would have high efficiency, flexibility, adaptability, and compatibility.

However, the fundamental nature of technology development doesn’t normally accommodate for one complete solution for everything.  Specifically, with blockchain, it’s currently not possible to provide all of these solutions due to a number of issues, including Block Inflation, Dilemma of Protocol, transaction rate, and scalability.

Ælf has proposed one platform that would serve as an operating system for all Smart Contracts without performance interference. For example, if Cryptokitties is running on one side chain of Ælf, other Smart Contracts would be running smoothly on other chains. In addition, operating system usually features powerful computational power to handle complex transactions. Ælf achieves that target via enabling nodes to run on a cluster of computers, processing transactions in parallel instead of linearly.

One of the first private-only token sales’

In an announcement, the company has stated that they have raised 55,000 ETH from a group of all-star group of investors, including: Alphabit (UK), Block Tower (U.S.), 1kx capital (Germany), Hashed (South Korea), Signum Capital (Singapore), FBG Capital (Singapore), Galaxy Partners (U.S.), and more.  The company also mentioned that the sale was oversubscribed 5x by private investors.

The project is being developed by Hoopox a software development firm which has received $5.2 million in funding already so far in 2017 for the project.  The current fundraising round was led by FBG Capital out of Singapore.

To incentivize community involvement, Ælf has indicated that 12% of all tokens will be allocated for marketing activities and airdrops and suggested users to follow their social channels for future announcements.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Amaten ælf
Blockchain Technology

Japan’s Amaten partners with aelf to launch blockchain gift card marketplace

08/20/2019
aelf token can now be used in upcoming virtual real estate auction of Decentraland
Token Offerings/Listings

aelf token can now be used in upcoming virtual real estate auction of Decentraland

12/10/2018
aelf and Dubai’s Connect Global Strategies partner for business blockchain adoption
Blockchain Technology

aelf and Dubai’s Connect Global Strategies partner for business blockchain adoption

11/13/2018
aelf testnet results shows potential of blockchain 3.0 enterprise network
Blockchain Technology

aelf testnet results shows potential of blockchain 3.0 enterprise network

08/08/2018
aelf adds first tech heavyweights to all-star blockchain Innovation Alliance
Blockchain Technology

aelf adds first tech heavyweights to all-star blockchain Innovation Alliance

06/26/2018
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
Bitcoin Suisse increases depositor bank guarantee to CHF 110M

Bitcoin Suisse increases depositor bank guarantee to CHF 110M

02/23/2021
Amber Group boosts its crypto trading infrastructure security with AnChain.AI

Amber Group boosts its crypto trading infrastructure security with AnChain.AI

02/23/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Klarna partners with Safello to bring users crypto purchases from their bank account

Klarna partners with Safello to bring users crypto purchases from their bank account

02/17/2021
Alameda Research leads $40M round in decentralized prime brokerage protocol Oxygen

Alameda Research leads $40M round in decentralized prime brokerage protocol Oxygen

02/24/2021
Chainlink achieves major scalability upgrade launch of Off-Chain Reporting (OCR)

Chainlink achieves major scalability upgrade with launch of Off-Chain Reporting (OCR)

02/24/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Bitcoin Suisse increases depositor bank guarantee to CHF 110M

Bitcoin Suisse increases depositor bank guarantee to CHF 110M

02/23/2021
Amber Group boosts its crypto trading infrastructure security with AnChain.AI

Amber Group boosts its crypto trading infrastructure security with AnChain.AI

02/23/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version