The Everlasting Parachain Price (ELP)

What is The Everlasting Parachain (ELP)

The Cycan Network (CYN) is a decentralized cross-chain asset management platform that provides users with convenient asset management tools and diverse investment strategies to achieve value growth for their digital asset portfolios. Cycan is focused on the DeFi market and will be deployed on Kusama, BSC networks and other public chains. The Everlasting Parachain (ELP) is the canary network of the Cycan Network（Like KSM to DOT）and will be deployed on Kusama，BSC networks and other public chains. ELP is a decentralized cross-chain asset management platform with the same features as Cycan but for the NFT market. Everlasting Cash (ELC) is an anti-inflation algorithmic stablecoin on the Cycan network, which is minted by staking CYN, ELP or both. Due to its anti-inflation characteristics, ELC should be attractive in negative interest environments. Phenix test-net is Cycan's test network is being tested on Polkadot’s Rococo test network.

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The Everlasting Parachain (ELP) Tokenomics

Understanding the tokenomics of The Everlasting Parachain (ELP) can provide deeper insight into its long-term value and growth potential. From how tokens are distributed to how the supply is managed, tokenomics reveal the core structure of a project's economy. Learn about ELP token's extensive tokenomics now!

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