aelf's first-ever halving marks the blockchain's maturity, sustainable tokenomics, and commitment to advancing AI blockchain innovation for the future

Singapore, 5 December 2024 — aelf, a leading AI-enhanced Layer 1 blockchain, has announced its inaugural halving event, set for approximately 7:30 AM UTC on 12 December 2024, at an estimated block height of 246,500,000 on the aelf MainChain. This milestone highlights aelf’s network maturity, with four years of secure and stable mainnet operations since 2020, and marks a pivotal step in its journey toward sustainable and innovative blockchain growth.

"aelf's halving event is more than just a reduction in block rewards. It represents our continued evolution as a sustainable and innovative blockchain ecosystem. Beyond establishing a resilient economic framework, it symbolises our transformative step toward advancing AI blockchain initiatives, inspiring engagement, innovation, and growth across the aelf ecosystem and beyond," shared Brian Liang, COO of aelf. 

Impact of aelf's Halving Event

In line with aelf’s foundational vision and whitepaper, the blockchain network allocates 12% of the total ELF tokens to block rewards. Governed by aelf’s AEDPoS consensus mechanism, aelf's halving occurs every four years, reducing block rewards by half to gradually decrease token issuance. Since its launch in 2020, aelf blockchain has been generating 0.125 ELF block rewards. Following the upcoming halving, aelf's block rewards will be reduced to 0.0625 ELF, fostering long-term value creation and supporting aelf's sustainable tokenomics model to benefit both current and future stakeholders.

For block production nodes, the halving indicates a shift in reward dynamics, encouraging a stronger focus on network efficiency and innovation. For ELF token holders, it signifies the implementation of controlled token issuance, aimed at supporting value retention and building a more resilient economic framework within the aelf blockchain ecosystem.

aelf’s Path Forward

The first halving reflects aelf’s commitment to its roadmap and demonstrates the blockchain network’s longevity and reliability in an ever-evolving blockchain landscape. As aelf advances its AI blockchain initiatives, this milestone signals a new phase where innovation, collaboration, and AI integration drive the aelf ecosystem toward greater possibilities.

Stay updated on aelf's news and engage with the aelf community on:

Website: https://aelf.com

Telegram: https://t.me/aelfblockchain

Discord: https://discord.com/invite/aelfblockchain

About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration to ensure an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0: https://docs.aelf.com/resources/whitepaper-2/

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information. aelf reserves all rights not expressly granted in this press announcement.