Elk Launches on IoTeX

Elk Finance is now live on IoTeX, an innovative blockchain that powers real world devices.

IoTeX joins the Elk ecosystem as the sixteenth EVM-compatible network launched to date. Their focus on IoTT brings a unique integration that extends beyond the self-contained world of decentralized finance, establishing a durable bridge to the real world. This strategic integration places Elk in a direct alliance with one of the fastest growing sectors for cryptocurrencies, which is expected to incorporate millions, if not billions, of connected devices globally in the coming decade. Meanwhile, The 200,000+ users on IoTeX will gain access to Elk’s unmatched cross-chain services and comprehensive set of financial tools.

Starting Sunday, December 19, the Elk dApp (https://app.elk.finance/) is now live on IoTeX for trading and farming. Users can transfer ELK tokens to IoTeX via the ElkNet Bridge from any of its 15 other supported networks.

About IoTeX

IoTeX is a decentralized network of users, developers, and enterprises that collectively govern and utilize the IoTeX platform. As an EVM-compatible “Layer 1” blockchain, IoTeX now powers an ever-growing ecosystem of smart devices, DApps, and digital assets. Network transactions and smart contracts are fueled by the IOTX token, which also enables anyone to be a shareholder in the IoTeX Network. The IoTeX Mainnet has been running error-free since April 2019. Join our community of 100,000+ people across 100+ countries that are connected by a shared vision for the Internet of Trusted Things.

About Elk Finance

Elk Finance is a decentralized network for cross-chain liquidity. ElkNet, its cutting-edge multi-chain protocol, makes it easy for anyone to move value and exchange cryptocurrencies across blockchains quickly and securely at a low cost. The powerful ElkNet framework also lets developers imagine and build novel cross-chain applications.

Elk is the most extensive multichain protocol in the world, seamlessly connecting over 15+ chains. Currently supports Avalanche, Polygon, Fantom Opera Network, Huobi ECO Chain, xDai, Binance Smart Chain, HOO Smart Chain, KuCoin Community Chain, Harmony One, OKExChain, Elastos, Moonrive, Telos & Cronos.

📰 INFO

https://medium.com/elk-finance/elk-launches-on-iotex-85a76d954b20