Element Black (ELT)
Details about Element Black cryptocurrency
€111,413 ( -0.37265%)
€25,976
4,000,000,000
1,384,760,130
0
Unknown
https://www.element.black/
@ELTblack
4364400x
€352.033
Element Black price charts
ELT exchanges
2) Bybit (Spot)
3) OKX
4) Uniswap (v3)
Element Black, the crypto
Element Black (ELT) is a cryptocurrency built on the Ethereum platform. It is the native token of the Element Zero Network, a blockchain-based payment processing system that aims to provide an efficient, cost-effective, and secure alternative to traditional payment methods.
The point
The main point of Element Black (ELT) is to facilitate transactions on the Element Zero Network, which utilizes a unique stablecoin algorithm to ensure that its stablecoin, eUSD, is always backed by a combination of fiat currency and ELT tokens. ELT is used to facilitate transactions within the network, and serves as a collateral for the eUSD stablecoin.
The problem
Element Black (ELT) tries to solve the problem of high fees and slow transaction times associated with traditional payment systems such as banks and credit card companies. Its blockchain-based payment system enables fast and secure transactions while significantly reducing the cost of processing payments. Additionally, the eUSD stablecoin ensures that users can transact with a reliable and stable form of digital currency, without the fear of traditional crypto price volatility.
Compare ELT and BTC performance
| Timeframe | ELT | BTC |
|---|---|---|
| 1h change | 0.258691 % | 0.234892 % |
| 24h change | -0.75 % | 0.337775 % |
| 7 day change | -18.21 % | 1.17013 % |
| 14 day change | -13.98 % | 3.71947 % |
| 30 day change | -40.09 % | 2.6753 % |
| 200 day change | -92.64 % | 18.4527 % |
| Year change | -98.12 % | 28.2125 % |