Escoin

Escoin is a project that says it aims to combine legal services with blockchain technology. The project states that it aims to connect companies and individuals with law firms in different countries, enable the necessary documents to be shared digitally and allow service fees to be paid without cross-border transfer costs. ELG is the project token with contracts on Ethereum, BNB Chain, Polygon and Arbitrum.

According to the project's website, ELG is used for payments between legal professionals and clients on the platform; the site also mentions other products such as a cryptocurrency exchange, NFT creation, a wallet and payment services. Because there is no independent data on the actual usage of these services, the token's function rests largely on the project's own statements. The project states that it is registered in Saint Vincent and the Grenadines.

For tokens like ELG, which have limited trading volume and are traded mainly on a small number of platforms, the price can change substantially even with small trades because of a lack of liquidity; the issuer's transparency and regulatory status are also serious risk factors. Lzzo.com shows DefiLlama's US dollar reference price for Escoin; the chart on the page is based on this source's historical data.