Introduction
First of all, I would like to introduce to you what exactly Elysian is and what it will stand for. It is a groundbreaking decentralized platform built on top of Ethereum blockchain that will keep customer data safe and try to make Ecommerce transactions easier. You will have a chance to build Ecommerce websites on the platform. The team will integrate smart contracts and blockchain into the platform, which will of course provide better security, as we all already know that this is possible with the help of blockchain technology. There is also another important fact to point out, which is interoperability, which means that computer systems or software exchange and make use of information between them.
Why Ecommerce?
B2C Ecommerce is a huge global market with revenue more than $2 trillion as observed in the year of 2017 and it is projected that it will continue to rise. It's a perfect opportunity for Elysian team to dive into this market with an innovative blockchain-based platform and try to make a change, especially because of the latest crypto craze and a lot of people switching to cryptocurrencies. They will offer people the chance to use their cryptocurrency in Ecommerce and not only for trading or holding. I don't think that there is any Ecommerce platform available at the moment, that accepts cryptocurrency as payment in exchange for their products. Think about eBay and how awsome would it be if you could buy goods with for example Ethereum. Pretty awsome! And that's where Elysian comes in!
How to Solve Security Problem?
Think about identity theft. Nobody wants that. And that is exactly the problem that modern Ecommerce industry is struggling with. For this market to step out from the status quo and evolve further, a solution is needed and it has one word -blockchain. Decentralization of the data is the key to higher levels of security, because it spreads the information about users across multiple servers and is hence harder if not almost impossible to hack. Smart contracts are also used, which protect against frauds with the transactions and build trust for consumers.
Not Proof-of-Work or Proof-of-Stake, but Proof-of-Authority!
That's right, Proof-of-Authority is the way to go. Why? Because new "sealers" (that are similar to mining nodes) are only authorized by already approved set of authority nodes, which gives the platform full control over their node participants.
How to Solve User Experience (UX) Problem?
User experience is very important in Ecommerce, some platforms are very much ahead of others regarding this aspect, but there is still a lot of room for improvement as it is still rarely seen phenomena in the field of Ecommerce. Now, I won't go into details about what UX involves, lets just say in laymen terms as "happier users means generally more revenue". Elysian will try to solve this problem by integrating AI and virtual reality into their platform to help their users navigate around websites and offer customization.
Integration of the Growth Pool
Growth pool will provide interaction between Elysian team members and community of their users. That will also provide utility for the ELY token. The platform will incorporate a forum similar to Bitcointalk where users will engage with the team and present their ideas on improving the platform or utilizing their token. Community members will also have voting rights for project applications on the network.
Token Generation Event (TGE)
- Private Event, April 16. - June 3, price was determined partner-by-partner (sold out)
- Pre-TGE, June 4 - June 17, $0.06 (just concluded and sold out)
- TGE: Phase I, June 18 - June 24, $0.08 (recently started)
- TGE: Phase II, June 25 - July 1, $0.10
- TGE: Phase III, July 2 - July 8, $0.12
Token Distribution:
Funds Allocation:
Some of the Team Members
- CEO & Founder: Leo Ameri - tech entrepreneur, built a lot of successful Ecommerce stores
- CFO: Jesse Brandenburg - B.A. in Economics, early crypto investor
- CTO/Lead Developer: Levon Tikoyan - several years of development experience
Advisors:
- Technical Advisor: Stuart Farmer - CEO of Lamden and Logic Labs Ltd, B.A. in Human Computer Interaction
- Business Advisor: Geoffrey McCabe - serial entrepreneur and CEO of Divi Project
- FinTech Advisor: Graham Doggart - lead strategist at Dynamic Abundance
Find more about the rest of the team members following this link https://elycoin.io/team
More Information and Social Channels
Website: https://elycoin.io
Whitepaper: click here
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3333050
Telegram: https://t.me/Elysian_ELY
Twitter: https://twitter.com/Elysian_ELY
Facebook: https://www.facebook.com/ElysianxELY/
GitHub (smart contract): https://github.com/Elysian-ELY/Smart-Contract