1,750,000 ELF Allocated from aelf Development Foundation to eBridge, Around 1,050,699.1 BEP-20 ELF Burned

As we have announced in a previous notice, aelf plans to transfer 1,750,000 ELF from the aelf Development Foundation’s administrative address to eBridge, the first cross-chain bridge within the aelf’s ecosystem. In addition, aelf will also burn around 1,050,699.1 BEP-20 ELF from Mainnet Swap.

Now, we are pleased to share that the fund movement and burning have both been completed, and the details are as follows:

Fund Movement to eBridge

Source of the funds: Funds reserved to support the growth of the aelf ecosystem, held by the aelf Development Foundation’s administrative address.

Total amount of tokens transferred: 1,750,000 ELF

Transaction ID: https://explorer.aelf.io/tx/d794e966cd1f03ba7571215cc1dce0865be410e41d51ba0e2d5e3aac11a0410c

Sender address: ELF_25CuX2FXDvhaj7etTpezDQDunk5xGhytxE68yTYJJfMkQwvj5p_AELF

Recipient address: ELF_xyyeMj2s68HUmHL3z652u2NthHhkSs4m4E6JUzDQE6CxRGpFR_AELF

BEP-20 ELF Burning

Source of the funds: BEP-20 ELF deposited to the swap portal for Mainnet swap purposes.

Total amount of tokens burned: 1,050,699.09696368 ELF

Transaction ID: https://bscscan.com/tx/0x0b5274e453d777deacc0ce8e40f9b5c3abefdcb8de5fd47efafa476fbe55f314

Burn address: 0x0000000000000000000000000000000000aedead

In the future, aelf will continue to update the community about the allocation of ELF with the consideration of providing support to aelf’s ecosystem where it is needed.

Stay connected and engage with the aelf community on Telegram and Discord:

Telegram: https://t.me/aelfblockchain

Discord: https://discord.gg/bgysa9xjvD