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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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