Q&A for elastos community 12/24/2017

From our Telegram Elastos fan community, we are so glad got these questions which is so importand for our Fans,
Thanks to Elastos COO Ms.Fay Li' s help, and we list it here for community before the Globale ICO coming.

1. What is the date for the up-coming crowd sale?
   A： Within three days of January 1, 2018.

2. Is this crowd sale the first one for Elastos?
   A：No, Elastos completed private sales last August in China, raised 4000BTC, and released 6 million ELA tokens.

3. Can US citizens buy Elastos tokens? How can I do that?
   A: After Elastos completes all of the legal and regulatory procedures, you can register for the whitelist on our official site to buy our tokens. This applies not only for US citizens, but for all except Chinese citizens.

4. When will be KYC (know your customer) / whitelist for crowdsale?
   A：We will implement a KYC (background check) for whitelist users, while allcrowdsale procedures will be done before February 1, 2018.

5. Is NEO token acceptable for Elastos crowd sale?
   A: Yes，we accept both Bitcoin & NEO.

6. When and where can I get airdrops if holding BTC?
   A：Our first authorized exchange shall be huobi.pro, and for users who registered before February 1st, we will issue them ELA airdrops with the ratio of 1:1 ELA toBitcoin. The reason for this is because we would like to thank the Bitcoin community for their contributions to blockchain technology development.

7. What benefits can investors achieve from Elastos?
   A: Users can use ELA tokens to register an ID in Elastosand use this ID to purchase items such as DApps, cloud storage, and many other resources, includingother digital products and so on. In addition, you can also invest in ICO projects and products with ELA tokens withinElastos.

8. Who are Elastos's competitors at the moment? And what makes Elastos different from others?
   A: EOS is called ablockchain operation system, but its development periodandopen source codes are much shorter than Elastos’ 17 years. Also, EOS is dependent on its main-chain, so no matter how optimized it becomes, its throughput is limited. Elastos can extend the through put infinitely with flexible main-chain and side-chain solution. Meanwhile, Elastos Runtime can deliver the trust function of the blockchain to a user’s application (like a cell phone, laptop, etc), which applies the blockchain to various scenarios in daily life.

9. Is 1 BTC equivalent to 800 ELA tokens? This is the most expensive ICO price I have ever heard.
   A: The token price is decided by market. In fact, right now in China, OTC token price is already double that of the market. We have no intention of setting such ahigh price on our own.

10. what is the minimum amount of the purchase? Will you raise the fund using US currency or cryptocurrency?
    A：The minimum amount is 0.1 BTC or the equivalent NEO at market price. We don’t accept any fiat such as U.S. currency.

11. Is there any investment limitation for Elastos presale/ICO? What is the maximum amount per person? Like ZRX or other token sales, Elastos will distribute tokens to the majority or only minority?
    A: For funding an instituteor an organization, the maximum amount is100BTC. For individuals, the maximum amount is10BTC.

12. Can we get ELA token directly during ICO?
    A： Token distribution will be completed before February 1, 2018.

13. Why investors should invest Elastos instead of other cryptocurrencies?
    A: Because Elastos is like aircraft carrier in the blockchain industry and it is the only one that can deliver and operate on large decentralized Apps.

14. What do you think is the most urgent thing forElastos external propa ganda /communication?Dev updates, media exposure, meetup and conference discussions, administration answer & questions or any other requirement？
    A: The most urgent task is finding talents in our community who can write and translate articles and news sources for Elastos.

15. How is the work tasks allocated between Elastos teams in Beijing and Shanghai?
    A: Elastos in Beijing is mainly responsible for the overall project operation and management in blockchain development.The Shanghai team works on OS development (Elastos runtime), including interface support with 3rd party applications.

16. Is there any impact from current government regulations?
    A: No, Elastos private sales are not considered as an ICO by the Chinese government.

17. When will Elastos publish English documents on github or other technical exchange platform?
    A: We have started to publishten million lines of codes on https://github.com/elastos and https://gitlab.com/elastos/CM12_0-Android501. Later, we will also publish the code on reddit, slack, steemit and other platforms.

18. Do you have a list of products and technology that Elastos is working on? What's the current status of Elastos development such as Testnet, test deployment orsimulated operation?
    A: We are continuing development of the Elastos Blockchain while the main network is being tested. It will be published online in Jan. 2018. Also, we are optimizing the former Elastos OS to become the efficient Elastos Runtime, and making it support Android and iOS operating systems. The integration with Android in lower layer is complete, while that for iOS is still in progress.
    Elastos Runtime includes two parts:
    • Supports applications via SDK.
    • Supports H5 applications through Elastos Desktop.
    Meanwhile, we are also developing specific service modules for Elastos Runtime such asthe wallet, ID verification, privacy management and so on.
    To support secure network communication, we are developing a P2P network communication library, and the beta version will be ready to deploy by February 2018.

19. What will be the future application cases in Elastos?
    A: Because our vision is to provide users with a trustful operating system based on their application scenarios and as well as on blockchain technology, we will definitely have a lot of potential future applications.
    The followings are some example of the applications:
    • Support point-to-point conversation, point-to-point document transfer through decentralized P2P communication.
    • Support point-to-point business through decentralized payment.
    • Support digital content APP, like: electronic books, games, video player. All digital assets can be protected in a trustful environment.
    • Support applications about evidence, traceability to source, ID verification, etc. through trustful storage.
    Our projects that are currently in the business phase include: automatic driving system for one of China’s top automobile company, point-to-point document transfer system in personal mobile phones, evidence for credit investigation, single ID verification platform, and traceability of luxury goods.

20. Did any body ask the similarity and difference between Elastos and blockstack?
    A: Blockstack realizes a decentralized browser based on distributed storage, and supply applications depending on browser. It combines encrypted, distributed storage and blockchain ID to make sure all the data belongs to the owner.
    As for Elastos, we will apply a similar methodfor digital assets storage. Users could apply for an ID for their digital assets on the blockchain, which guarantees the ownership of those digital contents. Based on the clarification of ownership, the digital contents will also be transferable and tradable.Finally, we make sure that all the digital contents can be used in trustful environment by the Elastos Runtime. Even though it is decrypted, it cannot escape from Elastos Runtime operating environment, which guarantees that it will never disclose or damage the ownership of the digital contents.
    Easier answer: Blockstack realizes that the individuals can own the data through decentralization; Elastos realizes that the individuals could own and trade digital assets without any third-party medium with a trustful digital asset application environment.

21. What is the biggest challenge that Elastos will have in the future?
    A: To make sure users can accept blockchain and understand the value of DApps, marketing development could be the biggest challenge.

Elastos community
Chinese telegram：https://t.me/elastoscn
English telegram：https://t.me/elastosgroup
telegram news channel: https://t.me/elastos_org
Twitter: @elastos_news
@elastos_org