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What is ælf（ELF）?
ælf is a decentralized Cloud Computing Blockchain Network, featuring parallel processing and nodes clustering to enable scaling, multi-chain structure to segregate resources and to cope with various business scenarios, and well-governed mechanism to incentivize the self-evolution of the ecosystem.
The Use of ELF Token
As the native token of ælf network , ælf Token will be used to pay for transaction fees and gas fees. It also represents the voting power proportionally to the amount of token held by each token holder in the network.
The usage of the proceeds includes, but is not limited to, technology development, legal costs, PR fees and other necessary expenses.
Marketing/ AirDrop：12%，Used in the first three years to promote the activeness of the community.
Sale：25%，Used for private sale, no vesting period.
Foundation：25%，Vesting for three years to build ælf ecosystem, support ælf marketing and sustain the development of ælf project.
Pow + PoS：12%，Mining for 100 years, with linear gradient reduction on mining rewards.
Team：16%，Vesting for two years, with the release of equal proportion once every half year.
Advisors + partnership：10%，Vesting for two years, with the release of equal proportion once every half year
For more details please refer to ælf Official Website