ELX

Energy LedgerELX

Rank #2659
Token
On 185 watchlists

Energy Ledger Price (ELX)

$0.01294
6.63%

0.0000002669 BTC5.93%

0.000008025 ETH0.39%

Low:$0.01194
High:$0.01321
24h
ELX  Energy Ledger ELXPrice: $0.01294 6.63%
Market Cap
- -

Why is there no Market Cap? 

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Fully Diluted Market Cap
$9,242,439
6.63%
Volume
24h
$342,326
32.07%
Circulating Supply
--
Max Supply
714,000,000
Total Supply
714,000,000
Reported Circulating Supply
153,000,000 ELX
 

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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$0.01294
Price Change24h$0.0008054
6.63%
24h Low / 24h High
$0.01194 /
$0.01321
Trading Volume24h$342,325.82
32.07%
Market DominanceNo Data
Market Rank#2659
Energy Ledger Market Cap
Market CapNo Data
Fully Diluted Market Cap$9,242,439.28
6.63%
Energy Ledger Price Yesterday
Yesterday's Low / High
$0.00948 /
$0.01651
Yesterday's Open / Close
$0.01615 /
$0.01286
Yesterday's Change

20.41%

Yesterday's Volume$491,353.09
Energy Ledger Price History
7d Low / 7d High
$0.007229 /
$0.01893
30d Low / 30d High
$0.007229 /
$0.01893
90d Low / 90d High
$0.007229 /
$0.01893
52 Week Low / 52 Week High
$0.007229 /
$0.01893
All Time High
Mar 04, 2021 (2 days ago)
$0.01893
31.61%
All Time Low
Feb 28, 2021 (6 days ago)
$0.007229
79.07%
Energy Ledger ROI
No Data
Energy Ledger Supply
Circulating SupplyNo Data
Total Supply714,000,000 ELX
Max Supply714,000,000 ELX
 

About Energy Ledger

The live Energy Ledger price today is $0.012945 USD with a 24-hour trading volume of $342,326 USD. Energy Ledger is up 6.63% in the last 24 hours. The current CoinMarketCap ranking is #2659, 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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