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Nov 14, 2023

Elastic Consensus NFTs: A Celebration of Innovation and Utility

Elastos NFT Collection

Elastos’ groundbreaking Elastic Consensus incorporates three core technologies: Auxiliary Proof of Work (AuxPoW), Bonded Proof of Stake (BPoS), and Proof of Integrity (PoI). To celebrate our robust blockchain framework, recent partnership with Staking Rewards, and the Elastos Growth team’s participation at the Staking Summit, we have collaborated with Morfyus—a blockchain-based social network and job platform—to commission three unique, limited edition Elastic Consensus NFTs. Additionally, we’ve infused these NFTs with special utility features! To recap, Elastos’ Elastic Consensus is a revolutionary blend of three synergistic mechanisms:

  1. Auxiliary Proof of Work (AuxPoW): Leverages the hash power of Bitcoins miners to help secure the Elastos main chain at no extra cost.
  2. Bonded Proof of Stake (BPoS):  Allows stakeholders to lock ELA and gain voting rights, based on which BPoS nodes work with Bitcoin miners to validate transactions.
  3. Proof of Integrity (PoI): Establishes a democratic governance model, with community-elected council members validating Elastos’ sidechains and governance proposals.

The transition from DPoS to BPoS this year amplified the network’s security and participatory governance, making it a great opportunity to become a validator with Elastos’ Elastic Consensus, aligning with the ethos of blockchain democracy.

 

 

Celebrate with Elastic Consensus NFTs!

To celebrate, were created three distinct Elastic Consensus NFTs, each representing a pillar of our consensus mechanism and granting specific utilities. 

Launch Date: LIVE!

Scarcity: 264 NFTs in total, 88 total of each. 

Price: 20 ELA each

Blockchain: Elastos Smart Chain (ESC)

Mint your NFT here!

 

Elastic Consensus NFTs Utility

1) AuxPoW NFT: Claim and stake this NFT and earn Glide tokens until Feburary 15th on Elastos’ DEX Glide.

Elastos Elastic Consensus NFT 1

2) BPoS NFT: Claim a 50% discount on validator support services from the Elastos node provider, Elasafe.

Elastos Elastic Consensus NFT 2

3) Proof of Integrity (PoI) NFT: Claim 20% discounts on Elacity’s generative AI services Flint

Elastos Elastic Consensus NFT 3

 

Exclusive Bonus!

Holders of all three NFTs receive the benefits of each as well as the ability to earn additional ELA. This is because all primary and secondary sales go towards daily ELA rewards, which can be collected by those who collect all three NFTs. This campaign will run until February 15th. You will be able to see eligibility and claim daily ELA rewards in the Elastic consensus dashboard here.

If you’d like to purchase a specific NFT, you can do so from Elacity’s marketplace with buy now, auction and offer features. The contracts for trading can be found here:

  1. Auxiliary Proof of Work (AuxPoW) NFT Contract
  2. Bonded Proof of Stake (BPoS) NFT Contract
  3. Proof of Integrity (PoI) NFT Contract

 

How to Participate

To mint, simply head over to the official mint page. Sign in with your decentralised identity and click the mint button. If you don’t have ELA on the Elastos Smart Chain to purchase an NFT, you can follow this guide.

Elastic consensus

Elastos is revolutionising digital communication and asset exchange by establishing a secure, trustless, and decentralised Internet platform. Launch into the future of our blockchain with these fun Elastic Consensus Celebratory NFTs—where innovation meets tangible utility.

Mint your Elastic Consensus Celebratory NFTs Here!

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