Elysian is a decentralized Ecommerce platform to build websites on the blockchain with improved security and revolutionary user experience. Customer data storage becomes more secure, and users are able to actively engage in platform or website navigation through the implementation of aesthetically pleasing technological advancements such as Artificial Intelligence and Virtual Reality. The platform serves as an intermediary between Ecommerce businesses, which build their websites on our platform, and their targeted demographic of consumers.
About Elysian
Elysian is a 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.
ElysianPlatform
The primary function of the Elysian platform is to revolutionize the entire Ecommerce industry by improving security and creating a new, unique user experience. Elysian will be the first Ecommerce platform to combine two vital aspects that are necessary for the progression of the industry integrating blockchain to store all customer data securely and using technological advancements such
as Artificial Intelligence and Virtual Reality to help differentiate Elysian from competition in terms of user experience.
The platform will be scalable to
adapt to necessary future
implementations.
Elysian will improve the security and efficiency of Ecommerce transactions, starting with the first successful beta test on the Elysian Ecommerce platform, using the Elysian online store and its initial partner companies. The integration of blockchain technology and smart contracts will provide a higher level of security and secure data storage to increase trust in the business-to-consumer (B2C) relationship.
Businesses will have access to a highly responsive and tech-savvy consumer market through the Elysian platform and ecosystem. The addition of beneficial aspects such as Artificial Intelligence and Virtual Reality will provide interoperability and access to a wider variety of consumers than current Ecommerce platforms, in addition to an enhanced, unprecedented user experience.
The long-term business model presents a strong plan of action to thrive in a market that is projected to increase consistently over the course of time. The Elysian ecosystem serves as the gateway to the future of Ecommerce, in which the potential for expansion is so high with the implementation of technological advancements that the growth may become hyperbolic.
Consequently, the integration of the Elysian platform into the Ecommerce industry at the infancy of the technological revolution serves as a planted seed to provide the capability to control a substantial portion of the industry in the future
Elysian Sells Out New Hard Cap of 7 Million USD
and Releases New and Improved Token Structure
After an extensive internal discussion within the Elysian team, we have collectively decided to pursue a lucrative token release strategy as we acquire clients for our Ecommerce platform and end the Token Generation Event at a capped hard cap of $7,000,000 USD due to market conditions. We have decided on this for several reasons and we feel that it is the most fair decision that could have been made with respect to our community.
Elysian has successfully completed its private sale and pre-TGE, primarily receiving private contributions. This has also continued in the TGE itself. We are pleased to announce that we have received a private contribution during the initial stage of our TGE, and we feel that this contribution is more than enough money, combined with our private sale and pre-TGE allocations, to operate as a company and directly begin further development to achieve our roadmap milestones either on time or ahead of schedule.
Elysian has received several pending offers and decided to accept an absolute maximum of $3,000,000 with a maximum of $1,000,000 allocated to each of our 3 stages of the Token Generation Event. This way, the metrics remain at a stable, whole number as well. We have developed a strategy for the remaining 120,000,000 ELY tokens that will allow the tokens to be released in a way which benefits the entire community. For each store that launches on our Ecommerce platform, we will release an ELY token amount equivalent to $1,000 USD. In addition, there will be an option that store owners can pay their monthly subscription fees with ELY tokens. New businesses will be able to pay their store subscription fees and all other potential fees with tokens from the 120,000,000 available ELY to receive a discounted rate, which means that the more successful the project becomes, the more tokens will be released. There will not be any tokens released as long as we do not deliver what we promise.
As we all know, the current market conditions are difficult for the entire market. The ongoing bear market has affected various aspects of cryptocurrency, from investors to traders to companies. In this type of market, until it recovers, it is important to focus on large private funding in amounts that are reasonable enough for the project to survive without any issues and continue to develop their project.
We believe that our current amount raised is a more than fair amount for Elysian to function. We will use the remaining 120,000,000 ELY tokens to create an allocation that is specifically for acquiring clients which launch their Ecommerce stores on our platform. By doing this, we will be able to focus strictly on development and building a massive client base, which will in turn allow the tokens to be released in the $1,000 USD increments per client. We have decided on this number because we expect to build a large client base and we will have to do so in order for all of the ELY tokens to be in circulation. This will provide legitimate stability for the project because Elysian has enough funding to comfortably function for the next 24 months minimum, at which time we will not only have a revenue generating product but also several merchant stores on the platform.
This will also appeal to the Elysian community and token holders for various reasons:
- The hard cap is lower
- The circulating supply of our token is lower
- It allows us to focus strictly on continued development
- Most importantly we have to deliver our roadmap milestones and sign clients in order for the rest of the tokens to be released
For More you can read on Elysian Blog on this link
T O K E N D I S TRI BUT I O N
Elysian will be minting 1 billion total tokens, with a starting circulating supply of 250 million at the completion of the TGE; a number that is subject to future change based on the amount of Growth Pool tokens released per annum. The hardcap for the TGE is $19 million. The total
breakdown of the maximum token supply is outlined below:
FU N D S D I S TRI BUT I O N
The graph below outlines the allocation of the funds
raised in our TGE. The hardcap is $19 million.
T H E E L Y S I A N T E A M
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
FOR MORE INFORMATION, PLEASE VISIT :
Website : https://elycoin.io/
Whitepaper : https://elycoin.io/whitepaper/english
Telegram : https://t.me/elysian_ely
Twitter : https://twitter.com/Elysian_ELY
Medium : https://medium.com/@Elysian_Ely
My BCT Profile : https://bitcointalk.org/index.php?action=profile;u=1210304
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