In 2008, Satoshi Nakamoto released a whitepaper on Bitcoin, the first cryptocurrency. In it he described an online peer-to-peer payment system for making faster transactions, reducing fees and eliminating middlemen. Bitcoin was designed to be used as for day to day transactions, but today all it is known for and used for is a tool for investment. Majority of people buy and hold bitcoin and most cryptocurrencies with the hope of selling at a higher price.
Cryptocurrencies have lost its initial use and the reason is not far-fetched. There's no platform or structure facilitating the use of cryptocurrencies for daily transaction.
Most cryptocurrencies in the industry don't have any profit generating product for their token. There is no real security for backers of these project, no stable long-term growth investments and these project are mainly speculative, was this what Satoshi Nakamoto envisioned a decade ago??? I don't think so.
Elysian is an innovative E-commerce platform created and designed to revolutionize the e-commerce industry and improve thè cryptocurrency market. The aim of the founders of Elysian is to allow business to operate on the platform whereby serving as an intermediary between business and customers while securing and storing customer data on the blockchain eliminating the possibility of data and security breaches like Equifax in 2017 where millions of customers data were stolen.
Elysian will lunch in early 2019, it will use its E-commerce store to test the platform and verify its credibility. The store will operate on the Elysian platform. Elysian it's a synergy between blockchain and E-commerce. The E-commerce industry is worth over $2.3 trillion and cryptocurrencies market worth over $500 billion, Elysian having first mover advantage will have so much room for massive expansion and will be able to compete with firms like woocommerce, shopify and magento.
Elysian is implementing Artificial Intelligence and Virtual Reality to improve the platform efficiency including site navigation and convince thereby enhancing overall user experience.
Outsiders of cryptocurrencies are still very skeptical of cryptocurrencies are seen as a just speculative investment with high volatility, the current state of the cryptocurrency market calls for projects to bring a real working product that has legitimate value to the cryptocurrency industry.
THE ELYSIAN FORUM
Thile forum was made to create an avenue for communication and contributing ideas for the long-term success of the project. Elysian wants to enable the community to introduce ideas that will improve the project in the future.
Also, the forum incentivizes other projects to integrate themselves in the Elysian forum for a possible partnership. The Elysian team and community members can organize the voting process for a specific campaign to receive funding. To guarantee that campaigns and voting actions are legitimate, all community members must be registered on the platform and abide by the rule and policies of the platform
Voting
Every week a particular number of campaigns will be introduced on the forum to be voted by the community. Campaigns will have the ability to either collaborate with other projects, earn funds or integrate into various aspect of Elysian advertising. To receive a specific amount of funding campaign must have a minimum of 51percent if votes. The campaign will also go through series of credibility test to verify that all community member and company funds are going to a worthy project.
Token Utility
Elysian token will be used as a medium to fund successful campaigns. 35percent of the token supply which amounts to 350million tokens would be used on the forum. Tokens can be contributed by the Elysian team or community members that want to support one project or another.
The Elysian token serves as a utility token for rewarding community members. Integration of the token into the forum provides a means to reward active community engagement
Conclusion: Elysian is utilizing cryptocurrency and E-commerce to its advantage, this innovation will be useful to both business and customers and will help both industries adapt to the future.
Useful Links
Project Site: https://elycoin.io
Whitepaper:https://elycoin.io/whitepaper/english
Telegram Live Chat: https://t.me/elysian_ely
WRITER:
Bitcointalk Usernsme:Jivwe
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1718700