Contrary to beliefs of many in crypto community, Elastos has own smart contracts and doesn’t need NEO or any other chain. Not many people understand this and the great thing is that Elastos has interoperability with other blockchains. Elastos is not built on top of NEO. Elastos MAY be able to interact with NEO blockchain in the future but it doesn’t have to.

Neo and Elastos are complimentary, not competitors.

From the investment viewpoint, is ELA a good buy right now?

It has dipped significantly since its ATH and currently trades at $35 per token. Considering the super small supply, this one can double or triple its price much easier than coins with bigger supply.

ELA tokens have a low coin supply, only 33 million in total will ever exist.

Any tokens generated on Elastos will be required to lock 2-5% of their total token supply in ELA. This is huge considering dApps by companies as massive as Zapya (400m users), Huawei, Alibaba, and the unnamed massive gaming company (as well as more to come which has been hinted at many times by Elastos team) will need to generate their own tokens on Elastos or utilize ELA for transaction fees and creating digital assets on the Elastos blockchain.

By August this year, Elastos will be a fully realized project. Investors in ELA are also looking forward to the 7 new exchanges that have been signed, coming soon!