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Elysian and ELYCOIN (ELY): The Future of eCommerce

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eCommerce
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eCommerce is everywhere these days. If you’re not selling online, chances are you’re about to go out of business. The likes of Amazon and Alibaba have used their massive economies of scale to become the industry giants that they are today.

While Amazon and Alibaba represent the hallmarks of capitalism and made their founders immensely wealthy, they have made themselves the gatekeepers and central authority figures in the eCommerce world. This is anathema to what Satoshi Nakamoto outlined in his white paper.

The reality is that the centralized eCommerce system is greatly flawed. The current system is prone to security hacks like we witnessed at Target and Equifax. Customer data including addresses, credit cards, and search history are all stored on Amazon servers. The question has become not a matter of if an attack will occur, but when.

Furthermore, transactions are only done in fiat currencies and require the use of a third-party payment processor like Paypal. Packages are then sent from the manufacturer to the distribution warehouse to the postal carrier and finally to the customer’s doorstep. Along the way, there’s the risk of theft, loss, and damage without even mentioning the costs to record the shipment, but also deliver the goods.

The eCommerce industry is in desperate need of a blockchain solution. Luckily, the folks at Elysian have developed a platform to address these flaws.

Elysian

Elysian is a new decentralized platform that builds eCommerce websites on the blockchain and uses innovative features such as upgraded security and unprecedented user experience to fix current flaws in the eCommerce industry. The platform integrates blockchain technology to provide improved services in comparison to its competitors that do not operate on the blockchain.

Elysian will use the Proof-of-Authority algorithm on its platform. Proof-of-Authority consensus will provide the Elysian ecosystem with a private blockchain to store encrypted credit card information and other user data securely over a distributed network, which will build trust between eCommerce businesses and consumers.

In addition, user experience faces a drastic transformation by implementing artificial intelligence and virtual reality to create simple, efficient website navigation and aesthetically pleasing graphics for users to provide the ultimate experience.

The Elysian AI will handle general tasks and information more efficiently than Amazon’s Alexa, Google’s Home, or Apple’s Siri by providing more accurate, in-depth responses to user questions.

The Elysian platform will give users an option to create their own virtual reality that will result in an unprecedented level of user engagement and experience because the environment will be created solely by the user.

Team

The Elysian team is comprised of 12 members of the leadership team and 10 advisors. Elysian is led by CEO and Founder Leo Ameri, who has extensive experience in eCommerce having successfully exited multiple eCommerce stores. On the board of advisors side, Token Advisors CEO Daniel Santos just joined Elysian. Daniel has 15 years of finance experience, including previously working for Morgan Stanley, Deutsche Bank, Citigroup, and Renaissance Capital. He provides useful knowledge and experience in the financial and banking departments as the project moves forward into the public stages of its token sale.

Token Economics

In the Elysian system, ELYCOIN (ELY) will be the fuel that powers the Elysian platform. ELYCOIN will serve as the primary method of access to transactions on the eCommerce platform. The token will have the ability to be kept in a private wallet and then sent to the Elysian platform to facilitate transactions for services, avoiding the hassle of using a credit card or the high fees of Bitcoin. The ELY token will be on the ERC20 format.

Elysian will be minting a total of 1 billion ELY tokens. At the end of the TGE, the starting circulation supply will be around 250 million.

The total hard cap is $19 million. Elysian is raising $1.6 million in a private event, $2.4 million in the PRE-TGE, and $15 million in the TGE. The PRE-TGE is priced at $.06 and the TGE starts at $.08 and goes up to $.12 per token. The PRE-TGE runs from May 21 to June 3 and the TGE runs from June 4 to June 24. For those that get in on the PRE-TGE this month, the price is exactly half of what token buyers will be paying on June 24th when the TGE is completed. We like this structure as it rewards those who get in early.

Bottom Line

When you consider that global eCommerce sales will exceed $4 trillion by 2021, there’s an enormous market opportunity for Elysian. Elysian will be the first eCommerce platform to integrate blockchain technology to store all customer data securely and implement artificial intelligence and virtual reality to create the ultimate user experience. This certainly makes Elysian not only one of the most ambitious projects we have looked at but a true gamechanger in the eCommerce field. For those that are interested in taking part in the PRE-TGE starting on May 21, check out the Elysian website, white paper, Medium, and Telegram channel.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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