Elastos, a forerunner in decentralized web infrastructure, has secured a substantial investment of $20 million from Rollman Management to enhance its ecosystem aligned with Bitcoin. This strategic funding will facilitate the development of Elastos’ ELA token, its Native Bitcoin DeFi protocol, and a Web3 data economy, reinforcing Elastos’ position as an essential utility layer for Bitcoin.
Rollman Management, known for its significant investments in leading blockchain initiatives such as Ripple, Ethereum, Solana, and Planck, has now included Elastos among its top five investments. This partnership is expected to propel the introduction of Elastos’ Native Bitcoin DeFi protocol, BeL2, and to expand the ELA token’s role as a reserve asset linked to Bitcoin. Additionally, it aims to accelerate the growth of Elacity—a Web3 marketplace that allows creators to monetize their content without relying on intermediaries.
Addressing Key Gaps in Bitcoin’s Ecosystem
With Bitcoin’s market capitalization exceeding $2 trillion, Elastos addresses crucial deficiencies within the Bitcoin ecosystem. The ELA tokens have been safeguarded by Bitcoin’s hash power through a process called merge mining since 2018, which aligns with Satoshi Nakamoto’s vision for decentralized networks articulated in 2010. By having a total supply of 28,220,000 tokens expected by 2105 and leveraging approximately 50% of Bitcoin’s hashrate, ELA not only enhances security and decentralization but also provides an additional revenue stream for Bitcoin miners at no extra expense, establishing a robust reserve asset for Elastos’ Bitcoin-native DeFi framework.
BeL2: Pioneering Bitcoin’s DeFi Landscape
Set to launch in the second quarter of 2024, BeL2 will enable Bitcoin holders to use their BTC as collateral within personal wallets while gaining access to Ethereum smart contract functionalities. Users will be able to mint stablecoins, execute swaps, and engage in peer-to-peer borrowing, thereby unlocking the full potential of their Bitcoin without dependence on synthetic BTC alternatives like WBTC or centralized custodians. BeL2 employs innovative techniques such as locking scripts, zero-knowledge proofs, oracles, and a network of arbiters where ELA holders can stake their tokens and receive BTC fees as decentralized nodes, thereby supporting the protocol.
Elacity: Empowering Creators in Web3
Elacity, which has demonstrated success in preliminary trials—one creator reportedly earned $5,600 in just 24 hours through tokenized podcast access—will launch its second version in April. This platform will feature channels and subscription models, empowering influencers to encrypt, tokenize, and sell their content and royalties on Elastos for both audio and video markets. Additionally, there are plans to adapt this technology for the tokenization of AI-related assets.
“By leveraging Bitcoin’s trillion-dollar consensus to provide scalable utilities for Web3 users, Elastos plays a vital role,” remarked Rong Chen, the founder of Elastos. “The integration of merge mining ties the security of ELA to Bitcoin, while BeL2 enables DeFi backed by BTC without any compromises. Furthermore, Elacity fosters a decentralized economy for digital goods.” The investment from Rollman will not only propel technological advancements but also assist Elastos in refining its branding, enhancing its market approach, and solidifying its status as a leader in the emerging Bitcoin-native DeFi sector.
Elastos: A Leader in Bitcoin-secured Governance
In addition to technological innovations, Elastos distinguishes itself with its Cyber Republic Consensus (CRC) governance model, officially established as a DAO LLC in the Marshall Islands in conjunction with the agreement with Rollman. This delegate-based governance system allows community members to stake Bitcoin merge-mined ELA, earning annual percentage yields (APY) while electing or running as council members who vote on proposals, stimulate innovation, sign contracts, and validate Elastos’ Smart (EVM) and Identity (DID) sidechains. Such a structure ensures that governance decisions resonate with community interests, showcasing Elastos’ dedication to fostering a genuinely decentralized and transparent ecosystem rooted in Bitcoin.
As Elastos embarks on its next growth phase, individuals interested in participating can join the CRC DAO by acquiring merge-mined ELA, which currently boasts a market capitalization of $48,542,586 and is underpinned by nearly 50% of Bitcoin’s total hashrate (366.01 EH/s, comparable to 244.008 Frontier Supercomputers). ELA benefits from over six years of established security, a capped supply of 28.22 million tokens set to be fully mined by 2105, and a modest emission rate of 3.29% via its Essentials Wallet, ensuring both scarcity and predictability for its holders. Available on various centralized and decentralized exchanges, ELA empowers its holders to influence the future of Elastos through CRC governance, driving innovation, enhancing Bitcoin-level security, and developing the next generation of decentralized applications.
About Elastos
Elastos is a builder of SmartWeb ecosystems, dedicated to facilitating the development of decentralized applications and cross-chain connectivity. By leveraging Bitcoin’s merge-mining capabilities, Elastos enhances the security of the largest public blockchain while adding further layers of functionality. The upcoming launch of BeL2 and its Arbiter Network represents Elastos’ latest endeavor to create a more open, transparent, and trustless global financial system.
About Rollman Management Digital
Rollman Management Digital is a private investment and management consulting firm based in the British Virgin Islands. The organization focuses on investing in talented teams and their blockchain protocols to advance their technology and business while contributing substantial value to the evolving economy. Led by Victor R. Ch. Rollman, the firm offers a broad spectrum of investment opportunities, financial services, and management consulting targeted at ultra-high-net-worth individuals, entrepreneurs, emerging governments, commodity trading companies, banks, family offices, and pension funds.
