Elastos Strikes Gold: $20M Investment to Unleash Bitcoin’s Hidden Treasures! 💰🚀

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Majuro, Marshall Islands, January 30th, 2025, Chainwire

In a twist worthy of a Dostoevskian plot, Elastos has secured a staggering $20 million from the illustrious Rollman Management, a firm that seems to have a knack for picking blockchain winners like a peasant picking mushrooms in a forest of riches. This funding is set to catapult Elastos’ ELA token, the Native Bitcoin DeFi protocol, and the Web3 data economy into the stratosphere, positioning it as the utility layer for Bitcoin—because who doesn’t want to be the utility in a world of luxury?

Elastos, the self-proclaimed pioneer of decentralized web infrastructure, has now found itself in the esteemed company of giants like Ripple and Ethereum. Rollman Management, with its eye for high-profile investments, has decided that Elastos deserves a spot in its top five holdings. One can only imagine the celebratory toasts being made over vodka and caviar as they plot the launch of BeL2, the Native Bitcoin DeFi protocol, and the expansion of the ELA token, which is now being touted as a Bitcoin reserve asset. Who knew tokens could be so versatile?

With Bitcoin’s market cap soaring past $2 trillion, Elastos is here to fill the gaping holes in Bitcoin’s ecosystem like a well-meaning but slightly clumsy handyman:

  1. ELA as Bitcoin’s Merge-Mined Reserve Asset: ELA tokens have been secured by Bitcoin’s hash power since 2018, aligning with Satoshi Nakamoto’s vision—because nothing says “decentralization” like a token that’s been around longer than your average houseplant. With a total of 28,220,000 tokens by 2105 and about 50% of Bitcoin’s hashrate, ELA is not just a pretty face; it’s a fortress of security and decentralization, providing extra revenue for BTC miners at no extra cost. Talk about a win-win!
  2. BeL2: Bitcoin’s DeFi Breakthrough: Launching in Q2 2024, BeL2 will allow Bitcoin holders to collateralize their BTC in personal wallets and access Ethereum smart contract services. It’s like giving your Bitcoin a gym membership—suddenly, it’s fit and ready to mint stablecoins, perform swaps, and borrow assets peer-to-peer. All this while saying “no thanks” to synthetic BTC and centralized custodians. Who knew finance could be so liberating?
  3. Elacity: Web3’s Creator Revolution: In a dazzling display of entrepreneurial spirit, one creator reportedly earned $5,600 in just 24 hours through tokenized podcast access. Elacity v2 is set to launch in April, allowing influencers to encrypt, tokenize, and sell their content like it’s the latest fashion trend. Who needs intermediaries when you can sell your soul—err, content—directly to your adoring fans?

“Leveraging Bitcoin’s trillion-dollar consensus to empower Web3 users with scalable utilities—that’s where Elastos comes in,” declared Rong Chen, Elastos Founder, with all the gravitas of a man who knows he’s onto something big. “Merge-mining ties ELA’s security to Bitcoin’s, and BeL2 unlocks BTC-backed DeFi without compromises, whilst Elacity creates a decentralized digital goods economy on top. Rollman’s investment supports our role as Bitcoin’s utility layer.”

The $20 million investment from Rollman is not just a financial boost; it’s a full-blown makeover for Elastos. Think of it as a glow-up for a tech company that’s ready to strut its stuff on the blockchain runway. This includes enhancing marketing efforts to ensure Elastos is the belle of the Bitcoin ball.

Elastos as a Pioneer in Bitcoin-secured Governance

But wait, there’s more! Elastos is not just about tech; it’s also about governance. With its Cyber Republic Consensus (CRC) model, formalized as a DAO LLC in the Marshall Islands, community members can stake Bitcoin merge-mined ELA, earn APY, and even run for council member—because who wouldn’t want to be part of a council that votes on proposals and drives innovation? It’s like a political campaign, but with fewer debates and more blockchain.

As Elastos embarks on this thrilling new chapter, participants can join the CRC DAO by acquiring merge-mined ELA, which boasts a market cap of $48,542

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2025-01-30 18:17