Working around rate limiting external apis with Elixir

Have you ever come across API services that restricts the number of calls you can make within a time period? This in fact is very common these days, that developers would have to work around the limitation in order to not flood the service and also reduce the cost. Neither the limitation nor the solution is new to most of us, but every language has its own way of implementing it.
Source: Codemancers

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