Notice

October 29, 2018 Elastos Adds New Advisor

The Elastos Foundation and Cyber Republic are excited to announce the newest member of our Advisory Board, Steven S. Nam.

Steve is the Managing Editor of the Stanford Journal of Blockchain Law & Policy. He advises a small number of blockchain projects focused on mainstream adoption and inclusion, particularly with respect to furthering virtuous cycles of social impact. Steve previously was an antitrust attorney with Jones Day, Distinguished Practitioner at Stanford University, Visiting Professor of Law at UC Davis Law School, and CSO of a Palo Alto-based blockchain startup. He received his B.A. from Yale and his J.D. and M.A. (Political Science) from Columbia.

“The Elastos Foundation, since its inception, has focused on organic, mass adoption of next generation smart economies. This is high on my list of wants for a blockchain space that remains more divisive and siloed than decentralized today. In Cyber Republic, the opportunities for a truly global civil society and inclusion are vast. I’m happy to contribute my energies to the overall effort.”

Steve brings expert blockchain legal advice and comes with an enormous network of blockchain leaders within and without the academic communities. He believes that in Silicon Valley, optimal collaborations are best when they form organically, creatively and often unexpectedly among circles of friends, and looks forward to introducing the strengths of Elastos and Cyber Republic.

Elastos and Cyber Republic are proud to forge a relationship with Steve and begin working together.

The Elastos Foundation

October 29, 2018

October 24, 2018 Modification to Token Lock-in Program

To Our Community,

Launching Elastos has been the culmination of my life’s work. A work that has been dedicated to rebuilding the relationship between our devices, our internet, and ourselves. A work that is dedicated to giving power back to people like you. In the last year, we have earned the support of leaders both within and outside of the blockchain industry and built much more than a community — with increased system-wide use cases being built and launched on Elastos, we are continually growing our digital nation. All of this work stands on the strength of our technology and the team building it, and we have established Elastos as a model of success, capable of redefining industry standards.

Along the way, the team has learned that meeting our long-term vision often requires swift action and strategic adaptation to the needs of our fast-growing community. As a valued community member, I want to personally update you on some news regarding ELA coins. After consulting with trusted advisors within the Elastos ecosystem, including legal experts, we have made the decision to unwind our lock-up program and end it early.

Beginning today, lock-in ELA holders will receive an official communication from the Elastos Foundation regarding the coin return mechanism. As further described in that communication, all locked up coins, including a 4% bonus, will be returned to lock-in ELA holders on November 5th, 4am UTC.

ELA coins will also be returned to angel investors on November 20th, 4am UTC. Meanwhile, the approximately 16 million ELA currently kept by the Elastos Foundation will be allocated for holding with Cyber Republic, until its governing council is put in place in August of 2019. Also, all ELA mined in 2018 by the Elastos Foundation and through merged mining with Bitmain will be allocated towards Cyber Republic for management by the Cyber Republic Preparatory Council. At the conclusion of the unlocking period, approximately 3.5 million ELA will remain with the Elastos Foundation.

As a matter of openness, honesty and transparency, I would like to explain how we reached this decision. First, it is our understanding that in order to be fully compliant for expansion into Western markets, it is critical that these coins be unlocked. If Elastos is to succeed as an international project, compliance with Western laws is paramount. When we launched this lock-up program, it was not clear to us that these types of programs could be seen as out of sync with compliance. Now that we have been informed that the continuation of this program may cause compliance risk, we feel strongly that this modification is in the best interest of Elastos’ long-term success. Equally important, we want to minimize the risk that the lock-up program’s regularly scheduled annual coin unlocking could subject our community to price fluctuations that are unrelated to the overall utility of the ecosystem. As you may be aware, in the past, these unlocks — though incremental — have unintentionally impacted the community. It is our hope that by unlocking these coins now we will lay the groundwork for increased ELA stability as a medium of exchange in the Elastos ecosystem on a going forward basis.

I want to emphasize that Elastos is a truly global project positioning itself as a mainstay of the next phase of the internet. To do this, we must navigate not only an industry in its infancy but also the challenges that come with it. As we continue to grow and realize our vision on a global scale, we feel that Western adoption is essential. I hope that you understand that we believe this approach is what is best for our project.

I consider it an honor to have all of you with us on this journey.

 

Rong Chen

October 24, 2018

 

September 26, 2018 Elastos Adds New Advisor

The Elastos Foundation would like to announce the onboarding of our new advisor, Stanford Professor Dr. Lei Xing, the Jacob Haimson Professor of Medical Physics and Director of Medical Physics Division of Radiation Oncology Department at Stanford University.

Dr. Xing comes with an internationally recognized expertise in healthcare and medicine and looks forward to utilizing the Elastos technology and helping shape our global vision, saying,

“Healthcare, medicine, and artificial intelligence are all fields that will be beneficiaries in the global shift to blockchain technology and the new internet. Elastos is not only the next great infrastructure for the internet but also has engineered blockchain into a scalable application ecosystem. The use cases for my areas of expertise are very exciting and I look forward to helping advise the team as well as making important introductions to some of the most influential people in medicine and influential professors all over the world who are researching the huge potential of these new technologies that will shape our world.”

The Elastos Foundation is thrilled to continue forging relationships with the top academic minds and institutions across the world. Dr. Xing is a brilliant professor uniquely positioned to help our projects and expand our reach and influence internationally.

The Elastos Foundation

September 26, 2018

 

August 25, 2018 Wallet Upgrade Announcement

The Elastos team will perform technical integration on August 26th, 2018 from midnight to 2:00AM UTC.

During this time, there will be bugs like network error, balance inquiry error, transfer error, and may go offline intermittently.

All of these will go back to normal after finishing the technical update.

 

The Elastos Foundation

August 25, 2018

 

July 5, 2018 Elastos Adds New Advisor

Elastos is thrilled to announce the expansion of our network and community with the addition of Luis Llovera to our Advisory Board. Luis is the current Managing Director at Bosch Ventures where he has worked since 2008, and has over 17 years of experience in the high-tech industry. Luis brings a vast range of expertise working with and investing in startup companies that will not only power the next industrial revolution, but are the exact industries that Elastos plans to revolutionize itself. These industries include IoT, autonomous vehicles, and big data.

RBVC, the corporate venture capital company of Bosch, invests in the most innovative startups, paying particular attention to enabling technologies within the IoT, AI, analytics, and mobility solutions sectors that can help to make everything from connected devices and cars, to industrial applications and manufacturing processes more intelligent.

“I’m delighted to join the Elastos Advisory Board. Elastos’ operating system product, based on blockchain technology, is unparalleled and addresses key and massive markets like IoT, autonomous vehicles, big data, as well as Industry 4.0. One of the exciting parts of this opportunity for me is to also be part of the organization’s groundbreaking goal to create a new internet system driven by blockchain technology.”

Luis, based in the Silicon Valley office of Bosch’s Research and Technology Center, can bring valuable connections within the tech industry in Silicon Valley, and valuable connections forged by his company’s international reach in all areas of tech. Some of the companies within the IoT, autonomous vehicle, and big data industries that Luis has overseen investment in while at Bosch, are, Foghorn, PubNub, Insyte, Flybits, Tetravue, Poka, Alpine Data Labs, Setem Technologies and others. Previous to joining Bosch, Luis was a partner at Siemens Venture Capital where he made numerous investments and had several exits. His ability to know how to evaluate and invest in projects at the highest level of the tech industry make him an asset that Elastos looks forward to utilizing as we grow internationally into these revolutionary spaces that are changing and connecting our world.

The Elastos Foundation

July 5, 2018

 

July 4, 2018 Elastos Ecosystem Airdrop Plan

The Elastos Community has continued to expand with the development of our project, bringing more developers, evangelists, ELA holders, community members, collaborative ecosystem projects, and other organizations and individuals who have contributed to Elastos.

In light of our continued expansion, The Elastos Foundation is pleased to announce its plan for airdropping Elastos Ecosystem Collaboration Project tokens to ELA holders. The plan outlined below is for a 6 month trial period. The Elastos Community Council will determine further plans after the trial ends.

Airdrop Plan

● 80% of the collected Elastos Ecosystem Collaboration Project tokens will be airdropped to the ELA holder community. 20% will be given to the Elastos Foundation.

● Distribution: The planned airdropped tokens will be distributed evenly — proportional to the circulation of ELA held in wallets, including the ELA held by angel investors and voluntarily locked ELA. ELA wallets must have at least 1 ELA in them to receive airdrops.

● ELA Lock participants (not including angel investor locked ELA) will be awarded an additional 10% of the planned airdropped tokens proportional to the total amount of ELA locked. The extra 10% for ELA Lock participants will come from the 20% reserved for the Elastos Foundation.

● The outlined airdrop strategy is not a permanent plan and will only be part of a 6 month trial period. The Elastos Community Council will decide future plans.

Technical Realization Plan

● The Elastos Foundation will be responsible for the execution of the airdrops, not the individual projects.

● An ERC20 address field will be added to the ELA Wallet (wallet.elastos.org) automatically by the technical team. The ERC20 address must be filled out by each ELA holder to receive airdrops.

● The Airdrop snapshot block height will be announced by the technical team and all ERC20 addresses must be submitted by the deadline. Any unclaimed Ecosystem Airdrops, will belong to the Elastos Foundation.

● Exchanges may support an airdrop, however, if you hold ELA on an exchange and that exchange does NOT support an airdrop, you must complete your transfer of ELA to the Elastos Wallet before the deadline. Any ELA that is transferred after the deadline will not be eligible for airdrop tokens.

● The Elastos technical team will take a snapshot of each wallet balance and then transfer the ERC20 tokens.

● Airdrop requirements: A wallet must hold at least 1 ELA.

● Airdrop time: Planned by the technical group. Currently, the first round is planned to begin mid-August.

 

The Elastos Foundation

July 4, 2018

 

June 30, 2018 Main chain upgrade announcement.

Dear members of the Elastos community:

Hello!

The Elastos Tech Team is planning to upgrade the Elastos main chain from 9:00 am to 2:00 pm on July 1, 2018. During the upgrade, the Elastos wallet and blockchain browser will have issues and errors.

 

This upgrade mainly includes the following content:

  1. Support transfer from main chain to side chain
  2. Support transfer from side chain to main chain
  3. Support joint mining by side chain and main chain

 

After the main chain is upgraded, the Arbiter node and the ID chain node that exists as the side chain will be immediately launched. Through these newly deployed nodes, we can achieve:

  1. Transfer from main chain to ID chain
  2. Record ID association information on the ID chain
  3. Turn the token on the ID chain back to the Elastos main chain
  4. Joint mining between the ID chain and the Elastos main chain

 

The Elastos Foundation

June 30, 2018

June 8, 2018 Wallet upgrade announcement.

Dear Members of the Elastos Community:

Hello!

To help access the non-mining nodes, the Elastos tech team will launch a technical update from 9:30 am to 1 pm on June 9, 2018. During the time, there will be bugs like network error, balance inquiry error, and transfer error.

All of these will go back to normal after finishing the technical update.

 

Elastos Foundation

June 8, 2018

May 30,2018 Wallet upgrade announcement.

Dear members of the Elastos community,

Hello!

To add the feature of embedding remark information into the wallet and the fix display error of the blockchain browser ranking list, the Elastos team will process a technical update between 9:00 am to 5 pm on May 31, 2018. During the time, the wallet will have network error and balance enquiry/transfer bugs. After the technical update finishes, things will go back to normal.

Elastos Foundation

May 30, 2018