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Elastic Consensus NFTs: A Celebration of Innovation and Utility
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:
- Auxiliary Proof of Work (AuxPoW): Leverages the hash power of Bitcoins miners to help secure the Elastos main chain at no extra cost.
- 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.
- 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)
Elastic Consensus NFTs Utility
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:
- Auxiliary Proof of Work (AuxPoW) NFT Contract
- Bonded Proof of Stake (BPoS) NFT Contract
- 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.
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.