Elk Finance is a decentralized platform that facilitates seamless cross-chain value transfers and interoperability through its core technology, ElkNet. More
| Fully Diluted Valuation | $1.37M |
|---|---|
| 24H Trading Volume | $1,839 |
| 24H Low / High | $0.03 / $ 0.03 |
| Circulating Supply | 16.13 M |
| Total Supply | 42.42 M |
| Max Supply | 42.42 M |
| Categories | BNB Chain Ecosystem 12 more |
|---|---|
| Founder | Ba'al |
| Website | elk.finance |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 11 more |
| Explorer | Ftmscan 9 more |
| Contracts |
0xeee....8eeee
11 more
|
| Name | Pair | OG Score |
|---|
Elk Finance is a decentralized platform focused on making it easier to transfer value across different blockchain networks. At the heart of Elk Finance is ElkNet, a powerful engine designed to enable secure and efficient exchanges of assets and information. This technology aims to reduce barriers and fragmentation between various blockchains, making it easier for users and developers to interact in the crypto space.
The ELK Token
Launched in March 2021, the ELK token is essential to the Elk Finance ecosystem. It serves several purposes, including:
Facilitating Cross-Chain Transfers: ELK is used for transferring value across different blockchains.
Transaction Fees: Users pay transaction fees on the Elk Finance network with ELK tokens.
Governance Participation: Holders of ELK tokens can vote on decisions that shape the future of the platform.
Additionally, ELK tokens generate revenue from custom integrations with ElkNet, contributing to the platform's sustainability.
Where to Buy ELK
Users can buy ELK tokens on various decentralized exchanges, including ElkDEX. The token is available in multiple liquidity pairs across many blockchains, such as Avalanche, Polygon, Ethereum, and Binance Smart Chain, making it accessible to a wide audience.
Security Measures
Elk Finance prioritizes security through several strategies:
Guarantee Fund: A built-in fund helps protect user assets.
Collateralization: The platform uses real-world assets to back its collateral.
Advanced Technology: Elk Finance employs robust cybersecurity measures, including protection against DDoS attacks and a custom oracle contract for reliable data feeds.
The use of blockchain technology ensures that all transactions are secure and verifiable, building trust within the Elk Finance community.
Utility of Elk Finance
Elk Finance provides a Bridge-as-a-Service infrastructure, allowing developers to create their own cross-chain solutions easily. The ELK token is used not just for transactions but also for various activities, such as cross-chain swaps, yield farming, and staking, showcasing its versatility within the ecosystem.
Key Events
Elk Finance has achieved notable milestones in the crypto world, including being recognized as one of the most forked stablecoin protocols. Its strategic management buyout and spin-off from a major mobility company highlight its growth and commitment to independence in the blockchain space.
Conclusion
Elk Finance is making strides in enhancing blockchain interoperability and enabling seamless cross-chain transactions. With a focus on community involvement and the multifunctional ELK token, Elk Finance is positioned as a significant player in the decentralized finance landscape. As with any cryptocurrency, potential investors should conduct thorough research to understand the risks and opportunities associated with the platform.
Elk Finance stands out by offering a robust cross-chain infrastructure through its ElkNet engine, which facilitates seamless and secure value transfers across multiple blockchain networks, thereby addressing issues of asset fragmentation and interoperability.
Elk Finance was founded by Ba'al (Founder and Core Contributor- Development).
BitMart, Elk Finance (Polygon), Elk Finance (BSC)Elk Finance (Avalanche)Elk Finance (Telos)
