• 30/01/2025

Elastos, a prominent Web3 infrastructure provider, has successfully concluded a $20 million investment round led by Rollman Management Digital, a global investment network known for its early support of blockchain projects like Ripple and Ethereum. This significant funding positions Elastos among Rollman’s top five holdings.

In the second quarter of 2024, Elastos introduced its DeFi protocol for Bitcoin, enabling users to leverage their BTC holdings as collateral to access Ethereum smart contracts. This integration allows for seamless token swaps and various decentralized finance functionalities, bridging the gap between Bitcoin’s robust security and Ethereum’s versatile smart contract capabilities.

Elastos joins a growing list of companies aiming to bring DeFi functionalities to the Bitcoin network. Established layer-2 solutions such as Stacks, RSK, and Babylon have already developed native Bitcoin ecosystems, enhancing the cryptocurrency’s utility beyond its traditional use cases.

The Bitcoin DeFi landscape is experiencing significant growth, with the total value locked (TVL) in Bitcoin surpassing $7.2 billion as of January 30, 2025. This surge reflects the increasing demand for decentralized financial services centered around Bitcoin.

The rising institutional interest in Bitcoin, bolstered by the approval of spot Bitcoin ETFs in early 2024, has further fueled this expansion. Currently, U.S. Bitcoin ETFs manage over $124 billion in assets, indicating a strong appetite for Bitcoin-based financial products.

Jacob Phillips, co-founder of the BTC staking protocol Lombard, highlighted the potential for innovative DeFi strategies utilizing Bitcoin as collateral, suggesting a promising future for Bitcoin-centric decentralized finance.

Elastos’ recent funding round underscores the growing momentum in integrating Bitcoin into the DeFi ecosystem, offering users enhanced financial tools while leveraging Bitcoin’s security and widespread recognition.

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PERIODIC BURNING

A percentage of transaction fees from manual arbitration operations, in addition to the full amounts from License purchases for operations in the automatic arbitration system, will be used to burn Clash Hub Coin tokens. This will accelerate burning, decrease supply, and increase scarcity of the token.

100% of tokens converted to USDT during withdrawals from the staking system, arbitrage system and flash loans will be burned, promoting a continuous decrease in the total supply.

OBJECTIVE OF BURNING

Reduce 90% of the total supply over 1 year through periodic burning and conversions of staking rewards and token affiliate system into USDT. 90% of the supply will be burned, equivalent to 900 million tokens at a price of $0.01, corresponding to 9 million dollars in transaction volume. Then the current model of the affiliate system will conclude and the token will be launched in the public sale phase after the full burning of 90% of the supply.

Total supply of tokens will be burned and released on DEX`s for public sale at a price of $0.02, doubling the capital of Clash Hub Coin Token holders.