# aelf Expands Global Reach With Listing on Bitfinex
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-01-30
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: ELF Token Now Tradeable on Bitfinex - Next Generation Cloud
Meta Description: Trade ELF, the next-gen cloud computing blockchain network, on Bitfinex. Join the global aelf community and access this innovative project on a top exchange.
URL: https://financedigest.com/aelf-expands-global-reach-with-listing-on-bitfinexhtml

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_ELF Tokens now tradeable on one of the world’s largest and most advanced exchanges_

aelf, the next generation cloud computing blockchain network, has today announced that its token ELF is live trading on leading cryptocurrency trading platform Bitfinex. The Hong Kong-based exchange is one of the world’s largest cryptocurrency exchanges by trading volume and offers leveraged margin trading through the platform’s peer-to-peer funding market. The ELF token is also listed on major exchanges including OKEx, Binance, Huobi, CEX, BCEX, Bibox, [gate.io](http://gate.io), KKEX, and BigONE.

Zhuling Chen, Co-Founder of aelf, said: “As aelf continues to pursue its goal of creating a superior, scalable blockchain architecture, we’re delighted to announce our [listing on the Bitfinex exchange](https://www.financedigest.com/ceo-blume-hails-historic-moment-as-porsche-ag-lists-on-frankfurt-exchange.html "CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange"), one of the premier cryptocurrency trading platforms. The listing will further bolster the [global reach](https://www.financedigest.com/artificial-intelligence-goes-global-demand-for-ai-reaches-four-continents-in-three-months-new-figures-from-synechron-show.html "Artificial Intelligence goes global: demand for AI reaches four continents in three months, new figures from Synechron show") of the aelf platform and increase the accessibility and utility of the ELF token, enabling us to breach new markets and invite more users into our community.”

JL van der Velde, CEO of Bitfinex, said: “Bitfinex is pleased to provide a platform of support for this forward-thinking and unique project, which we see as becoming a key contribution to the [future development](https://www.financedigest.com/chromoendoscopy-agents-market-2031-report-details-the-future-development-manufacturers-trends-share-size-and-forecast.html "Chromoendoscopy Agents Market 2031 Report Details the Future Development, Manufacturers, Trends, Share, Size and Forecast") of a vibrant commercial blockchain ecosystem. We only select the highest caliber tokens that we anticipate being well-received by our thriving community, making aelf the ideal addition to our existing offering.”

The aelf platform is a decentralized cloud computing blockchain network built with state-of-the-art design principles and technology. The [platform is designed to bring three significant innovations to the blockchain](https://www.financedigest.com/italian-fashion-group-otb-joins-lvmh-led-blockchain-platform.html "Italian fashion group OTB joins LVMH-led blockchain platform") industry. The first is resource isolatability for smart contracts, which will allow each smart contract to [run on its own side chain](https://www.financedigest.com/fuel-pumps-run-dry-in-british-cities-sowing-supply-chain-chaos.html "Fuel pumps run dry in British cities, sowing supply chain chaos") to increase speed and efficiency of the blockchain network. The second is the addition of scalable nodes, which will enhance the computing [power of the aelf system](https://www.financedigest.com/telecom-tower-power-system-market-is-expected-to-reach-us6-7-bn-by-2031.html "Telecom Tower Power System Market is expected to reach US.7 Bn by 2031.") and enable more complex calculations to be completed. The third [innovation is a self-amending governance model](https://www.financedigest.com/the-australia-new-zealand-surgical-respirator-masks-market-to-get-through-the-dynamic-model-of-innovation.html "The Australia New Zealand Surgical Respirator Masks Market To Get Through The Dynamic Model Of Innovation") to ensure the smooth adoption of new updates to the system. The governance model will let token holders vote on proposed changes based on their stake in the project, incentivizing the self-evolution of the aelf ecosystem.

“Our vision is to establish a [blockchain ‘Central Business District’ where different industry applications](https://www.financedigest.com/three-blockchain-application-scenarios-for-the-financial-services-industry.html "Three blockchain application scenarios for the financial services industry") have dedicated chains to serve their specific needs. As we bridge the gap between technical capability and commercial requirements, aelf is also committed to giving back to the highly-engaged community that has helped support our plan to unleash commercial values on a performant multi-layer blockchain system.

“With this listing, we hope to demonstrate our commitment to our supporters and push the boundaries of next-generation technology to facilitate large-scale [commercial adoption](https://www.financedigest.com/why-are-commercial-food-products-manufacturers-adopting-insect-growth-regulators.html "Why are Commercial Food Products Manufacturers Adopting Insect Growth Regulators") of blockchain throughout the world,” added aelf Co-Founder Zhuling Chen.

ELF’s listing on Bitfinex follows the addition of TechCrunch and Arrington XRP [Capital Founder](https://www.financedigest.com/lear-capital-founder-and-chairman-kevin-demeritt-on-inflation-now-and-then.html "Lear Capital Founder and Chairman Kevin DeMeritt on Inflation: Now and Then") Michael Arrington to aelf’s Board of Advisors.

In December, aelf successfully closed a [private token sale](https://www.financedigest.com/gucci-banks-on-private-salons-for-the-ultra-rich-to-revive-sales.html "Gucci banks on private ‘salons’ for the ultra-rich to revive sales") to accredited investors, which amassed $25 million USD in contributions.

For more information on aelf, visit [aelf.io](https://aelf.io/)


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