AELF BLOCKCHAIN ($ELF) | Aelf Will Launch Mainnet on 10th December

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At Reddit AMA, Haobo Ma said that DeFi isn't performing well in risk control. We hope to separate different DEFI applications based on our main chain and side chain mechanism so that DeFi applications can run stably and efficiently.

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Join the aelf Saelf-Governed Community



During aelf’s Mainnet launch preparation, in order to gather community support and promote the smooth launch and orderly ecosystem governance, aelf will launch a new saelf-governed community. This will be done in a democratic and transparent way, stimulating community initiative and empowering community quality resources. This community will promote a decentralized, forward-driven aelf saelf-governed system. At present, the aelf DAO Management System draft has already begun to take shape.

Before the formal establishment of the aelf DAO, the aelf team hopes that the community can participate in the DAO’s discussion and design. In addition, the team hopes to bring users who are interested in the aelf node election together to participate in the aelf community governance. After consultation with the aelf Foundation, it was decided to build a new Telegram community: ‘the aelf saelf-governed community’. Users can have in-depth conversations within the aelf saelf-governed community on major aspects such as the aelf DAO, the node election, and the mainnet launch. Users who are interested in learning more about the aelf DAO Management System, as well as those who wish to participate in the aelf ecosystem and share the benefits of aelf’s development, are encouraged to join the community.

Members’ Rights & Interests
Through the saelf-governed community, users can participate with ease in the aelf DAO development. Simultaneous to this, according to the degree of users’ participation and contribution, users can get corresponding rights and share in aelf’s development achievements.

1. Participate in the aelf project
- Get first-hand information on the progress of the aelf project
- Real-time Q & A with the core team members
- Collaborate with Members of DAO Management Committee to initiate on chain governance proposals
- Participate in DAO Management System related issues
- Learn about aelf’s underlying system
- Participate in strategic planning after aelf’s mainnet launch

2. Participate in community activities
- Participate in Community Live AMAs
- Participate in strategic sharing sessions (DAO, Dapp ecology, etc.)
- Participate in the on-chain proposal voting
- Participate in the mapping event, node election and other activities
- Advise on community development
- Participate in offline activities

Application Requirements
In order to ensure the community’s quality and protect the rights of every member to participate in the aelf ecosystem governance, there will be an official invitation to join the saelf-governed community. We have set basic criteria for joining the saelf-governed community:
- You must hold at least 50,000 aelf tokens — must be verified.
- You must be a highly active aelf community member who is willing to consistently participate in aelf’s DAO governance.

Token Verification Process
Transfer a specified amount of ELF to an official designated address.
Official Designated Address: 0x9E785b68727746e0BD9a0302Dc0DE5f3e1458841
Amount: 0.01 ELF
Transfer Notes: Telegram Username (Required) and Phone number (Optional) — Be Sure to make a clear note when transferring
Notes:
The transfer needs to be initiated by a personal ETH Wallet where the 50,000 ELF is stored. An exchange account cannot be used!
2. If ELF assets are stored in an Exchange, it is necessary to transfer ELF to the personal Wallet before initiating the verification process.
Once the transfer is complete, please wait for verification (within 2 working days). After the verification is complete, you will be invited to join the aelf saelf-governed community.

If you can’t make a note when transferring, please contact our admin for one-on-one verification via Telegram:
Chinese admin: @aelfgirl (aelf 小仙女)
English admin: @DORISYG (Doris Guo)

Through the Innovation of aelf’s community structure, aelf aims to build an openly communicating, value-oriented and self-contributing community, which can support aelf’s ecosystem and promote its sustainable and stable development. If you are looking forward to becoming involved in community development, sharing aelf’s development opportunities, and creating both economic and social value together, then joining the aelf DAO Management Committee is the best way. Users who are interested in joining in the aelf DAO Management Committee can apply to join the aelf saelf-governed community for in-depth communication. The aelf DAO Management System will be introduced and discussed in more detail in the aelf saelf-governed community. In the future, any relevant details about the aelf node campaign and mainnet will also be shared with users in this community first. Come and join us!

Source: https://medium.com/aelfblockchain/join-the-aelf-saelf-governed-community-911338fd1a08

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#aelf Unique Consensus Mechanism:

Based on DPoS: the AEDPoS adopts a hash-commit-reveal method.
The raw material for generating random numbers can be used directly from the previous_in_value published when each CDC generates a normal block.

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#aelfSquared vs#Ethereum
Same Deflation Model, but richer governance model & rules

-Balancing the Rights & Interests of all parties
-Each chain has a governance system but is also part of the main-chain economic system.
-Supporting dividends and token issuance

http://No link shortners - please include original link/2wGVzVr

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aelf DAO Management System Draft officially released



The aelf foundation has released the aelf DAO Management System Draft within the saelf governed community on April 17, 2020. A new decentralized autonomous organization (DAO) will be established to stimulate community initiative and empower community members. Members of the ‘saelf governed community’ can provide feedback and involve in decision-making related to this draft and apply to join the aelf DAO Management Committee in the near future.

What is the DAO？
The DAO is an organization that is controlled entirely by community participants and is not affected by any centralized organization or individual. The underlying code is written as transparent open-source to ensure decision-making and the execution of specific affairs in smart contracts is free from bias or manipulation. In short, the DAO is an organization dominated by pre-agreed rules that are independent of all participants and stakeholders, rather than by subjective will. Any DAO member can initiate a proposal and vote. When the proposal receives a certain level of support, the DAO will automatically implement the proposal, forming a community-driven organization and governance model.

About the aelf DAO Management Committee
The aelf foundation has proposed the establishment of the aelf DAO management Committee, which will be responsible for all aelf DAO affairs. Members who Join/Exit the Committee are required to initiate a Parliament model proposal, which is voted on by the production nodes (all production nodes are elected by the community users).



Learn about aelf DAO Management System Draft
The Committee will establish the aelf DAO governance model around grants and bounty projects. A grant project is any blockchain project initiated by community developers based on the aelf chain. Through the aelf DAO, the Committee can provide financial and resource support to aid project development. A bounty project is a blockchain project initiated by the Committee for the specific development needs of aelf. Community users can get rewards by participating in these projects.



In order to support the development of grant projects and bounty projects, aelf will set up a DAO fund pool, and the aelf foundation will contribute 25% of their ELF funds to the fund pool. In parallel with aelf’s development, the foundation will continue to invite investors to participate in the aelf DAO governance, and any investor funds injected will go directly into the fund pool. For grant projects, when community users’ proposals are voted into the scheme, the pool will finance them in accordance with the budget contained in each proposal. With regard to the bounty project, when the proposal is voted into the scheme, it will be distributed according to the budget in the proposal and according to the contribution of each participating community user.

The proposal for a project application grant or bounty project release requires two rounds of voting, first by the aelf DAO Management Committee and then by the production nodes. The aelf DAO Management Committee and the production nodes will check the proposal development details, project delivery, and financial support to ensure that the proposal can be completed according to the established plan. In addition, before the proposal is launched in the aelf DAO, it may be pre-approved through a referendum, and any community users who have VOTE tokens can participate in the pre-approval.

When a grant or bounty project generates profit, the project proposal’s initiator or participants will share them with the fund pool in accordance with the established profit distribution rules, and the fund pool’s profit portion will continue to be used to support the implementation of new project proposals in the future. At the same time, all DAO Management Committee Members may receive an annual 5% profit sharing of the fund pool. If aelf DAO Management Committee Members would like to suggest other profit distribution models, they can initiate a proposal.
The aelf DAO will be the central driver of aelf ecosystem governance and development, and any member of the ‘saelf governed community’ will be free to join/leave the aelf DAO.

aelf DAO Management Committee Membership benefits:
- Participate in the voting of the aelf DAO’s proposal and aelf’s governance decision-making.
- Receive equal shares in 5% of the fund pool’s profits and earn aelf development dividends.
- Initiate grants project proposals or participate in bounty projects to get funds support from the fund pool.
- Submit a proposal to be voted on.

Proposals for grants projects or bounty projects initiated by an aelf DAO Management Committee Members can be adopted and supported by relevant funds and resources if they are voted into the scheme. This can not only contribute to aelf’s development, but also can provide additional profit to them through the proposal’s implementation. The aelf DAO has no hierarchical structure, all members are equal, and interests/goals are the same. Only by promoting aelf’s ecosystem growth together can it meet all members’ interests and form sustainable development of the ecosystem’s governance.

Users who are interested in participating in the aelf DAO can apply to join the ‘saelf governed community’ (telegram community) for in-depth communication. Discussions such as programme planning and fine-tuning of the aelf DAO Management System draft will be discussed further within this group, and users are encouraged to make suggestions there. Come and join the ‘saelf governed community’ (telegram community) to get involved in the aelf DAO discussion!

Join the ‘saelf governed community’ to view the full aelf DAO Management System Draft. For more details on how to join the group: https://link.medium.com/BWjXIMASK5

Source: https://medium.com/aelfblockchain/aelf-dao-management-system-draft-officially-released-c462d4d02e45

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✅ Aelf is on the first rank according to the Cryptomiso stats. 😊👏
(Source: https://www.cryptomiso.com)

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Developers DApp Competition | aelf Testnet



This competition is designed to help provide a stable, reliable and easy-to-use DApp environment for developers to develop, deploy and run their applications with specific focus on performance, chain governance and user experience. It will also serve as a means to explore a variety of blockchain applications in relation to economic and social governance, while promoting the integration of blockchain technology and a functioning economic system on aelf.

Competition Time：
21st April 00:00–9th June 23:59 (SG Time)



Registration Process:
1. Fill in the entry form — Individuals or teams may apply, there is no limit to team size.
- Sign Up Form: https://docs.google.com/forms/u/1/d/1QrYWtW3rPohsDSoWl1xIlqR_AgdpsEfgm-k23yqHPvY/edit?usp=drive_web
2. Upon submission of your entry form, a member of the aelf team will confirm your entry eligibility.
3. After confirmation, participants should submit the basic DApp design plan proposal/description, and then proceed to the development stage.
Note: Participants can freely team up to discuss & collaborate with others in the aelf developer community.
※ Telegram Community：
- Main Community (English): https://t.me/aelfblockchain
- Developer Community: https://t.me/aelfdeveloper

DApp Competition Design Requirements:
1. There are no restrictions on DApp types. Participants can refer to popular DApp applications for design and development inspiration, or develop their own unique DApp.
2. To maximise your chances
- Ensure the DApp features can easily be used.
- DApp UI should be simple and clear, and an attractive UI is considered a highlight.
3. DApp development specifications need to observe the aelf development specifications.
4. The DApp needs to be developed and deployed based on aelf public testnet V1.0.0 preview 1 or higher.
5. All submissions need to pass the aelf Enterprise environment test under the application scenario and run stably.
Note: Currently supporting C # , Python, Javascript, Java, Golang, and PHP languages.

How to submit DApp Delivery File:
Off-chain submission
Participants are required to follow the DApp design plan and submit the PR (pull request) with a Development Delivery File (reference template: deliver-template https://github.com/DAO-Testnet/Bounties/blob/master/deliver-template.md) to the GitHub ‘Bounty Project’ (https://github.com/DAO-Testnet/Bounties) before the deadline (May 30th).
The development delivery File is recommended to be named: ‘Project Name’-’stage’-development delivery File.
- Application Delivery Template: https://github.com/DAO-Testnet/Bounties/blob/master/deliver-template.md
- GitHub Bounty Project Repository Address: https://github.com/DAO-Testnet/Bounties
- Off-chain Application Delivery Guideline: https://github.com/DAO-Testnet/Bounties/blob/master/deliver-docs/Off-chain%20Application%20Delivery%20Guideline.md

DApp Criteria:
The competition judging committee will comprise members of aelf’s technical and ecosystem #DevelopmentTeam s. Final selection will be handed over to the aelf DAO Management Committee. The winning portfolio will be judged by the following aspects:
- Level of completion
- Level of innovation
- User experience
- Technical framework
The results will be announced in the aelf Telegram Community and aelf Twitter Channel after the competition.
Note: The Saelf-Governed Community will act in lieu of the DAO Committee prior to its establishment
This competition will test the DAO governance process. Members of the Saelf-Governed Community will evaluate submissions and select winners through the DAO process. The judges participating in this competition will share 5% of the reward.

Awards:
Best Application Award (1 person) : 20,000 ELF
Winning Design Award (1 person) : 12,000 ELF

Reference Cases:
The following cases DApp do not currently exist on the aelf chain, this development competition is focused on lightweight DApps. We mention a few relatively lightweight DApp classes here as examples, just for reference. Feel free to develop more creative DApp scenarios.
Reference 1: Chain Record
You can design DApps that store meaningful information in a chain. Such as tracking current epidemic data, public information records, travel records, eternal album memorials and other record-keeping applications.
Reference 2: Mini Game
You can also design interesting minigame DApps that are simple and easy to play, with a clear process and low barriers to entry. For example: Random Number Contest, Guessing Box, Random Guess/Match Card, Greedy Snake, Prizes Snatching, etc.

Developers File：
※aelf project information：
Official Website: https://aelf.io/
aelf Explorer: https://explorer-test.aelf.io/
Project Source Code repository: https://github.com/AElfProject/AElf
※The relevant code and technical documentation can be found at:
Files：https://docs.aelf.io/
aelf-boilerplate：https://github.com/AElfProject/aelf-boilerplate
aelf-bridge： https://github.com/AElfProject/aelf-bridge
aelf Wallet ：https://github.com/AElfProject/aelf-web-wallet
aelf Explorer： https://github.com/AElfProject/aelf-block-explorer

If you are willing to participate in aelf’s ecosystem development, and wish to create economic and social value with blockchain technology, or if you are innovative and have a unique business vision to develop a viable blockchain application, then don’t miss this DApp development competition.

Source: https://medium.com/aelfblockchain/developers-dapp-competition-aelf-testnet-e16f96c20ce9

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