"AELF's crosschain protocol is solving key challenges current chains are facing, namely limited performance, lack of resource segregation, and a working governance model.
"The new technology is keeping an eye on the big picture," Robertson continued. "It allows communication across existing as well as new Blockchains and provides a Linux-like framework for creating and adding new commercial chains onto the ecosystem."
AELF did not engage in a public ICO, choosing instead to raise 55,000 Ether, (before the ETH price surged above US$450).
The private placement took place with leading crypto funds such as FBG Capital, Draper Dragon, Blocktower, AlphaBit, and others."