Gemini Dollar GUSD to aelf ELF Exchange

Crypto Pair Details: GUSD to ELF

Gemini Dollar GUSD

The Gemini dollar — the world’s first regulated stablecoin — combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators. Get Gemini dollars 1-to-1 for U.S. dollars on Gemini. Gemini dollars can be used on the Ethereum network. ISSUER The Gemini dollar is issued by Gemini Trust Company, LLC, a New York trust company. BANK U.S. dollars that correspond to the Gemini dollars issued and in circulation are held at a U.S. bank and eligible for FDIC “pass-through” deposit insurance, subject to applicable limitations. EXAMINATION The U.S. dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg. All Independent Accountants’ Reports are published and available here. SECURITY AUDIT The Gemini dollar is a cryptographic token built on the Ethereum Network according to the ERC20 standard for tokens. The code of the Gemini dollar smart contracts has been audited by Trail of Bits, Inc., an information security research & development firm, whose report is publicly available here. Gemini was founded four years ago with a mission: build a bridge to the future of money. Gemini dollar aims to combine creditworthiness and price stability of the U.S. dollar with blockchain and the oversight of U.S. regulators, the New York State Department of Financial Service. Gemini dollar is a stable value coin that is: 1. issued by Gemini, a New York trust company 2. strictly pegged 1:1 to the U.S. dollar 3. built on Ethereum network according to ERC20 token standards Starting 10th September 2018, you will be able to convert U.S. dollars in your Gemini account into Gemini dollars and withdraw them to an Ethereum address. You will also be able to automatically convert GUSD back as USD into your Gemini account. GUSD is expected to be listed on Bibox soon.

aelf ELF

Aelf is the versatile business blockchain platform powered by cloud computing and the central nervous system for businesses, transforming the way they deliver their services. By laying out the fundamental blockchain infrastructure, Aelf enables businesses to focus on building up their own dapps on their own chains with minimum effort. Acting as the master key, Aelf unlocks the potential for inter-business communication and collaboration using cross-chain efficiency. Incorporating modern technologies such as cloud nodes and parallel processing, Aelf is the blockchain system that achieves secure transactions at commercial scale. Aelf is one of the cryptocurrencies that is attracting crypto enthusiasts following its massive commercial adoption initiative. The coin seems to be leading on the technology front with higher blockchain efficiency, which is why it's also anticipated to be the Linux of Blockchains. aelf is an operating system for blockchains which can be customized by their respective users. Its cryptocurrency is denoted by the symbol ELF, with a total supply of 250 million ELF. It was launched on 21 December, 2017 on multiple exchanges in China without any ICO and instead got private investors on board. This ensured better compliance as KYC was done for all investors with most of them being accredited, with a good track record in token investment. Aelf was developed by Ma Haobao, who is also the CEO of Hoopox. The team is backed by a strong advisory board which includes Michael Arrington (CEO of TechCrunch and founding partner of FGB Capital). The team says it is working on unleashing the blockchain’s potential into mass applications and industries. aelf is now working with Innovation Alliance for increasing the acceptability of blockchain technology which will ultimately increase adoption of aelf’s blockchain. The team is focussed to develop aelf to improve other chains in the ecosystem by providing a template and infrastructure for interaction between the sidechains. Aelf also has a rewards system – Candy. With the Candy rewards system, you earn points, convertible for ELF, by accomplishing simple, daily tasks. Tasks include liking and replying to aelf tweets, inviting people to the Telegram channel, and other promotional activities. ELF are currently ERC20 tokens. As such, you can store them in any wallet with ERC20 support like MyEtherWallet or Exodus. The Ledger Nano S is also a great option if you’re interested in additional security. Aelf is a relatively new competitor in the dapp platform race but already has solid support from large investment capital firms. The project is utilizing resource separation through side chains and a unique governance model to build an entire blockchain operating system.

SOURCE: COINGECKO

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