ELX

Energy LedgerELX

Rank #3087
Token
On 504 watchlists

Energy Ledger Price (ELX)

$0.01831
7.39%

0.0000004087 BTC7.39%

0.000005252 ETH7.39%

Low:$0.01663
High:$0.01935
24h
ELX  Energy Ledger ELXPrice: $0.01831 7.39%
Market Cap
$2,801,820
0.00%
Fully Diluted Market Cap
$13,075,159
7.39%
Volume
24h
$243,618
129.93%
Volume / Market Cap
--
Self Reported Circulating Supply
153,000,000.00 ELX
Max Supply
714,000,000
Total Supply
714,000,000

Energy Ledger Chart

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ELX Price Live Data

The live Energy Ledger price today is $0.018313 USD with a 24-hour trading volume of $243,618 USD. Energy Ledger is down 7.39% in the last 24 hours. The current CoinMarketCap ranking is #3087, with a live market cap of not available. The circulating supply is not available and a max. supply of 714,000,000 ELX coins.

Energy Ledger Inc. seeks to make ELX the standard software development platform for energy value trade on the blockchain. The goal and intent of creating this generalized crypto-commodity is to (i) create a cryptocurrency that can be utilized by the energy industry to manage oil containers, and (ii) to incentivize the long term storage of crude oil through investment in the ecosystem. The idea for ELX was originally conceptualized in 2018 by founder and CEO of Energy Ledger Inc., William G. Pete, who identified the potential for Crude Oil markets to fall into contango or backwardation due to the lack of a computer system such as blockchain being developed to manage and understand the scarcity of storage for crude oil. As of April 2020, oil indexes such as WTI briefly fell negative because of contango patterns “Oil prices have been trading in a pattern known as contango this year, where spot prices and near-term futures are worth less than futures expiring several months from now” (Salzman, A., 2020) and “But suddenly this week, the super contango pattern shifted into a pattern called backwardation, if only briefly. Backwardation means oil today is worth more than oil in the future.” (Salzman, A., 2020). With this issue coming to fruition, Energy Ledger was formed to prove the concept and eventual execution of a deployed blockchain solution for crude oil storage units. Smart contract process characteristics portend potential business process continuous improvement for supply chain processes. The potential for supply chain business process improvements can be situated in blockchain information that may capture performance metrics in ledgers; linking them to agree upon processes (S. Saberi, M. Kouhizadeh, J. Sarkis & L. Shen., 2019).

The robust ecosystem available for smart contract development within the Ethereum Solidity Ecosystem, and IBM Hyperledger platforms became the catalyst for the development of Energy Ledger’s proposed solutions: i.) A public blockchain on Ethereum for developers to launch open source energy software utilizing the ELX token, ii.) A business, Energy Ledger Inc., whom will act as a consultancy firm for private enterprise blockchains, iii.) Development of tamper proof IoT flow meters & liquid level sensors for containers.

The company that issues the ELX Token is ERG Foundation Limited in Mauritius

The consulting arm of the company is Energy Ledger Inc.

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ELX

Energy Ledger

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USD

United States Dollar

ELX Price Statistics

Energy Ledger Price Today
Energy Ledger Price$0.01831
Price Change24h$-0.001462
7.39%
24h Low / 24h High
$0.01663 /
$0.01935
Trading Volume24h$243,618.23
129.93%
Volume / Market CapNo Data
Market DominanceNo Data
Market Rank#3087
Energy Ledger Market Cap
Market CapNo Data
Fully Diluted Market Cap$13,075,158.64
7.39%
Energy Ledger Price Yesterday
Yesterday's Low / High
$0.01663 /
$0.02003
Yesterday's Open / Close
$0.02 /
$0.01714
Yesterday's Change

14.31%

Yesterday's Volume$162,480.24
Energy Ledger Price History
7d Low / 7d High
$0.01468 /
$0.03357
30d Low / 30d High
$0.00933 /
$0.03357
90d Low / 90d High
$0.007229 /
$0.03357
52 Week Low / 52 Week High
$0.007229 /
$0.03357
All Time High
May 15, 2021 (3 days ago)
$0.03357
45.45%
All Time Low
Feb 28, 2021 (3 months ago)
$0.007229
153.33%
Energy Ledger ROI
No Data
Energy Ledger Supply
Circulating SupplyNo Data
Total Supply714,000,000 ELX
Max Supply714,000,000 ELX