Why are we launching lite wallet?

June 9, 2017 by clivemy

In June 2017, we’ll be launching a lite wallet for Elastic. This will not be a fully functioning wallet, but will only be used for redeeming XEL by original donators and sending and receiving XEL.

This has been done for the following reasons:

  • To allow XEL to be traded.
  • To provide devs, testers, UX and PR people to become involved in the project by being able to buy XEL and have a financial stake in it.
  • To create funds to set up a foundation to pay for the work done on Elastic.
  • To allow new people in general that are interested and want to support the Elastic Project to gain a financial stake in it.