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Hey i'm glad to give the first response . may i know what are the differences between Elitium card and the already existing cards like Tenx , plutus etc.

Looks interesting project manage by reputable member, Is the concept of this project is like wirex? I'm using wirex right now and it's cool, I've always use it when I go to buy on ACE hardware and Handyman, the best part of their offer is you can get a rebate every time they've swipe your card and the reward is a  form of bitcoin, I never read the context of this project in full, still watching.

In future , looks like we can use the crypto currency we have more easily. I thought it would be a waste of time if we had to convert first by selling our crypto assets to fiat currency for shopping. I like the Elite Card concept. I hope the project is successful.

good question because currently many projects like that are offering their services in the same countries and I didn't see any cards offering services on the African continent, at the end of the day no matter how much something creates something decentralized or that improves finances when it will have to depend on regulators to provide services plastic card do not become free of this system

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what is the maximum supply?


all the cards that currently exist are operating in the same place, will you face a great competition, are you having many requests for card reservations?

Thanks!

Well, I understand the comparison to wirex but the Card is only one part of the business. If you look at the different products like the Staking program, stable coin savings (coming soon) and especially the tokenization of real world assets with Elitium Capital, its more about the full ecosystem we are creating not about one specific product.

I would suggest you have a look at this page, this basically explains everything a bit more detailed:
https://www.elitium.io/what-is-elitium

Hey Nik,

Congrats for being the first response!

Yes sure, the main difference is the entire ecosystem as mentioned in my last reply. So it's about creating a digital economy fueled by our native currency EUM, which you can earn rewards with, trade, spend it in more than 46m merchants and simultaneously invest in real world assets.

Regarding the Card I believe our features are quite unique. Especially if you look at the metal card or even the diamond card, special conditions for Uber Black, early access to real estate developments or 10% in Four Seasons Hotel is just a different positioning.

At the end of the day everybody has to decide for himself what products fit best for him/her, for me personally it's about the ecosystem around the card.

Hope that helped, otherwise you can find all the details here as well: https://www.elitium.io/discover/crypto-card

Hey,

The max. supply is 332.200.000 EUM.

Feel free to track us on cmc:
https://coinmarketcap.com/currencies/elitium/

Yes, we actually purely focused on development and extending our partner network over the last 2-3 years and just started rolling out our marketing activities so we are really happy to see so much good responses after all the hours we put into the products.

We have more than 10.000 registrations for the card already, next thursday we are going to share an update with our community about exact numbers, if you are interested in that you should subscribe to our newsletter or in case you already reserved a card you should be informed anyways :)

The products are very attractive but you need to convince users that this is a real deal for them.
And not just good at the beginning and will fade later on.
But I am wondering, is this an old project, just introduced to this forum few days ago?
Because when I see the trading chart, this has been in the market since last year.
Are you reviving the interest of users? Do you have old thread for this project?

This idea is looking inspired from MCO but they are offering most attractive services as compare with them. They have functional products and I'm using that platform especially Crypto.com for staking purpose to get more benefits. You should have to offer more attractive products to catch the attention of more people to grow this community so there is chance to improvement in cashback offers.

Yes, Elitium exists already since 2017. In 2018 we had our first use case by implementing cryptocurrency payments in the yachting industry. Over the last 2 years we pretty much only focused on development and hardly did any marketing.

We also never did an ico, instead of generating short term profits with the coin we focused on creating a sustainable business. Especially our latest development, our own digital shares platform with Elitium Capital and the tokenization of luxury hotels was quite time intensive to get set up (Compliance, company infrastructure, partner onboarding, development, finding the right use case etc.)

But now we are in a very good position and ready to get the word out! And yes we did have a thread in the past but in general I would rather invite you to our telegram group and then we can share the most relevant infos there to make sure everything is 100% up to date.

https://t.me/elitiumofficial

Hey,

Thanks for your feedback! Yes I understand the comparison and we do offer cashback but I think you didn't study our website or last development report yet, did you?

The Card is just one product of the Elitium ecosystem, we already have our staking program & masternode live + developed our own dashboard.

The app is currently being tested in beta version on google play, we implemented crypto payments in the yachting industry and are currently testing our smart contract integration with Boatsters Black to intensify the partnership and solve inefficiencies in the luxury industry.

Furthermore we will soon launch the first tokenized luxury hotel in NYC and our Digital Shares Platform with Elitium Capital.

The Card is unique, because it focuses on a different audience then crypto.com, we mostly deal with investors & entrepreneurs, these are more private long term investors who believe in the vision of the company and want to diversify their portfolio in crypto.

Maybe quickly check out this page, this should give you a better overview of what we are all about:
https://www.elitium.io/what-is-elitium

thanks for answering, do you have any idea when more or less you can have your altcoin listed on any major exchange?


is a very large number of people interested in the card, but unfortunately the card does not reach the African continent and in my country Mozambique,. I do not understand very well why there is this barrier, do you have any plans to offer cards in my country Mozambique, which is on the African continent? because all sites that offer cards are limited to saying: "soon..." but this "soon" has passed more than 1 year and nothing

We are working on new exchange listings currently. The next step will be an US authorised exchange to enter that market as well. You can expect a new listing within the next 4-5 weeks and from there we will continously increase our presence on bigger exchanges.

Regarding the Card the roll out will first be in the USA & Europe, followed by Asia. We are aiming to go global asap, so I think next march/april is realistic for the african roll out but I am not a big fan of doing future promises with concrete timelines. 

Instead we rather focus on what we've already accomplished, e.g. you can already benefit from our staking program.

Do you already hold some EUM?

Did you already see our latest development Elitium savings ?

Very soon you can earn up to 3.4%/year on your EUR/USD/GBP by saving with Elitium.

Please read the Blog announcement to learn more:
https://www.elitium.io/you-can-now-earn-better-interest-on-your-savings-heres-how (https://www.elitium.io/you-can-now-earn-better-interest-on-your-savings-heres-how)

By any chance, are you successful in your venture with the yachting industry?
Do you have those sites that can say that your currency is accepted in this industry?
I do agree that it is better to develop your project first before anything else.
Because once you are ready, this will be easier to promote in the crypto community because you have your actual use case in place.
How about bounty programs/sig campaign in the forum to spread the word about your project.
Also, if we can see the published companies that are in partner with you such as those in the yachting industry and luxury hotels that you mentioned above.

This might sounds like a classic question, but... from what ai read, your current selling point is a payment card. And you've said it yourself that Asia will be the next market. From what I currently know, some countries in Asia banned crypto as a form of payment, some even only allows their own FIAT as the legal form of payment. How do you plan to get around this?

Yes, sure. Have a look at them / feel free to reach out https://boatstersblack.com/.
If you scroll to the bottom left you can see that they accept crypto, currently we are testing our smart contract there to optimize inefficiencies.

Our current focus is to work towards launching the actual card and we are in general not really a fan of Bounties/airdrop since it doesn't attract the right audience and we don't believe in "just giving away" our currency.

Very soon we will announce the first tokenization project with Elitium Capital, our Digital Shares platform is currently in final stages of development.

Before that, we will launch v2 of our Dashboard with the integrated stable savings function, faster KYC process & optimized user experience.

So we don't have a shortage on announcements, traction will follow with the planned campaigns ahead :)

The first markets will be Europe & USA. In asia the legal situation is different from country to country, the market is changing very fast so its all about having the right partners on board to be able to adapt quickly.

Of course compliance is the highest priority, but as I mentioned this has to be reviewed per country at the given moment.


Does that answer your question?

To be sure if I get them correctly, so instead of the whole continent like Europe or the whole country like USA, Asian market will be on selected countries based om the regulations? In your prediction, how will this affect the market preferences? Won't countries without the card "privileges" be hesitant to adopt your token as they're not that.... functional?

Doing business in the US is a very sporadic and timely process. Asia is easier to jump into and a lot of countries love the western paradigm their bringing to the table.

PLUS, it is easier to gain access to Asia when shipping cards globally. US is also a toughy unless you have a direct partnership with VISA or Mastercard, which very few have right now. It took Wirex only 6 YEARS to make this happen. For Elitium, it might be even sooner given how we've seen these fintech giants react to the markets.

Let's see first if they can conquer the market in Europe or USA, because once they are successful in those countries, expanding their network in Asia will be easy. We have seen a lot of these projects but their actual presence in the market is usually a failure. Not many users are actually using this crypto card. The mission is great but when it comes to implementation, is very hard to accomplish.

Europe is easier because of the resources available already. EMI and card shipping partnerships are a bit easier to acquire than they are in any other continent. After the Wirecard debacle shook the world, there is a need for something a bit more reliable and transparent. They had a great approach to the general consumer but soon the consumer will evolve into something more high-end at the rate of this market. DeFi will make more millionaires than the ICO boom will.

You're absolutely right, by the way. Implementation and go-to market strategies can be a bear, but they are not impossible.

As I said on previous page, that's contradictory to your opinion, penetrating Asia market will be rather tough case because some countries limit crypto development. Thus, my question to team about their strategy to tackle the issue and if they've foresee what'll be the Asians' preference in regards to limited feature.


I assume this answer is for my query? Or were you addressing the other two posts?

Sorry, still trying to work the BBCode format for quoting specific replies.

Similar to US, each country in Asia has their own set of requirements and compliance. Unlike Europe, the entire EEA has the same set of regulations for 99% of all countries.

Asia is ahead of its time for a cashless society (for most countries) with the recent spikes of technology in the last 5-10 years. We predict the card would make a bigger impact where it will be used most.

Also, most crypto whales and mining facilities are ran out of Asia and Europe, hence our narrowed target market. It won't take long for US and other countries to catch up amidst the pandemic.

What makes you think other countries won't have the same features as others? If anything, it's either the products/services will be available or it won't.

You can delete the posts you wanted to remove, they'll be from a bbcode "[quote author .......] and ended with "[/quote]". If that's a bit confusing for the first times, try to replace the entire sentences of the person's post that you want to remove with a ~snip~, I think you'll be able to find the structure easier that way.


Yes, I would agree that Asia is currently in trend of cashless transaction, the pandemic even pushed the mass adoption further because they're encouraged to transact cashless-ly. But as far as I know, the money they use on those cashless transactions are their own fiat. They deposited money from their bank account into an app, and then transact with the balance within the app.

In other words, the money they use to do a cashless transaction are still their respective fiat and not crypto, as their countries (for some) banned transactions that's not conducted with their own currency.

This will leads to a situation where they (for some countries) can't use your token as a means of payment, which I also asked you to confirm on previous post (quoted below) if you have a strategy to get around this, and get a reply that you'll review each countries regulation for the said issue.

With this, we circled back to my question:

Let's suppose (just a random country, I'm not really adept to the payment regulation on said country) Japan banned any transaction that's not based on JPY. This will create a situation where Japanese can only use your token for trading, staking, and other features available on other countries except for a payment system. Thus your card rendered useless.

In your strategic marketing plan, how do you see this challenge affect Japanese preference of buying and holding your token? Given that it is very possible they'll think it's kind of useless because they can't use the "full feature" like other countries does (i.e. as a means of payment)

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". If that's a bit confusing for the first times, try to replace the entire sentences of the person's post that you want to remove with a ~snip~, I think you'll be able to find the structure easier that way.


Yes, I would agree that Asia is currently in trend of cashless transaction, the pandemic even pushed the mass adoption further because they're encouraged to transact cashless-ly. But as far as I know, the money they use on those cashless transactions are their own fiat. They deposited money from their bank account into an app, and then transact with the balance within the app.

In other words, the money they use to do a cashless transaction are still their respective fiat and not crypto, as their countries (for some) banned transactions that's not conducted with their own currency.

This will leads to a situation where they (for some countries) can't use your token as a means of payment, which I also asked you to confirm on previous post (quoted below) if you have a strategy to get around this, and get a reply that you'll review each countries regulation for the said issue.

With this, we circled back to my question:

Let's suppose (just a random country, I'm not really adept to the payment regulation on said country) Japan banned any transaction that's not based on JPY. This will create a situation where Japanese can only use your token for trading, staking, and other features available on other countries except for a payment system. Thus your card rendered useless.

In your strategic marketing plan, how do you see this challenge affect Japanese preference of buying and holding your token? Given that it is very possible they'll think it's kind of useless because they can't use the "full feature" like other countries does (i.e. as a means of payment)

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[/quote]

Great question. This would require licensing in each country to handle their native fiat. There isn't really any other way to get around it unless we have our own EMI license (or use a partners) or possibly a broker/dealer license to act as an OTC provider on the platform (this raises difficulties for PSPs as OTC is primarily p2p and it would be a bear to automate without proper facilities). Fiat rails are always a big obstacle to conquer but as time goes on and regulations become more transparent, it should open doors

At first, it will purely be based on crypto2crypto transactions. BTC/ETH/USDT/and others to start as our target audience will consist of users in crypto already. This isn't a plot to target the mass public... yet. We have big plans to work with major consumer centric businesses that will open doors to adopt blockchain and the EUM token for their own benefit.



In regards to product, not only are we offering a traditional crypto card, but we will offer the very first crypto CREDIT card. For stakeholders holding a masternode, they will have the opportunity to obtain one of these cards and be issued lines of credit.

FURTHERMORE, thank you! The 'preview' button has been my best friend learning how to properly quote people in the discussion.

As mentioned, you can find more information on the credit card itself. I haven't seen any other business provide lines of credit via crypto and we are aiming to be the first. You can read more about the introduction to one of the many offerings. Aside from 'competitors' as you will, our audience will be able to benefit from more than just lines of credit, as other major card companies offer additional services.


You can read more about it here: https://www.elitium.io/discover/credit-card

This will differ by country as mentioned, but the aim, of course, it to gain mass appeal throughout the entire globe. This is not an overnight success by any means.

Ahh yes LOL, it seems I just make you even more confused, because the quotes are now a bit chaotic. I'll snip everything to make it easier for whoever follows this thread.


I am not sure how will these regulations change over a short time span (one or two years, I mean), given that these countries are quite strict on money regulations. Yet at the same time, mass adoption of emoney and fintech brought a huge force that's almost impossible to resist.

In other note, wouldn't it be easier to attract people if you sell your product as an app? There are a lot of cashless transaction providers that didn't offer a card, they simply require the user to download an app, top it up with some credit, and the service is ready to use. No need to wait for a mailed card etc.

Given the current situation everyone is facing as a whole, we can foreshadow a cashless economy in the future.

It's not only a card, but our app is a major focus. A solid UI/UX is imperative when it comes to acquiring users (and to keep them!). If there is anything we've learned from the ICO boom to this DeFi wave, positive user experience comes from a workable, clean UI and results in driving user adoption. It follows that meme of the horse drawn 3 different ways (https://imgur.com/v27G4AE) representing the whitepaper, production, to the MVP.

Although contactless pay like Apple and Android pay are great, you still need a physical card. Virtual cards are great, but there are some security risks in having them. It's like having a Ledger VS a Coinbase wallet (kind of). The Ledger remains more secure as you carry your keys physically versus in a centralized cloud from a major provider.

Some countries, esp in Asia, have not adopted contactless pay. However, with the pandemic rising, everyone simply wants to exchange hands-free, which could result in the adoption of contactless payments. Time will tell.

Apps are important and our key focus will be around our UI/UX. We will also carry a virtual wallet that aims to launch around Q1 2021.

DeFi is a powerhouse and is not stopping. Elitium is building one of the most straightforward and effective staking platforms in the market.

Our partnership with Bitmart does not simply stop at a listing. We're offering more than 6% in rewards on our partner exchange to reward and incentivize the communities to take part in something big. All you have to do is hold EUM in your Bitmart wallet. How easy is that?

Check out our latest blog announcement to learn more about taking part in this opportunity and earn residual rewards.

Read more here: https://www.elitium.io/blog/how-to-get-up-to-6-5-eum-rewards-on-bitmart


Big thanks to our partners at Bitmart for facilitating this campaign with us. Happy staking!

I stumbled upon this thread and found something interesting about tokenizing New York City hotel using Elitium Capital, this concept precisely what I like.


The question is, how about regulations in the US, compliance with SEC and stuff. How far is the process of acquiring the required licenses from getting approved? Is this only a profit-sharing scheme or also delegates voting/control or proxy voting?

They wont, they will get sucker slapped in the cheek by circumstances. This is the boldness of fate which is known to catch you wherever u go, grapple u to the soil to subsequently humble u down. These guys took too much of fancy promise on their shoulder and will yield under its weight. They lack cognizance of this market which is equal to not having wheels on ur car when u go for a ride across craggy landscape.

Seems not yet launched, you need to reserve Elitium Card by input an email address https://www.elitium.io/discover/crypto-card they will notify you when already. also that link you might read any information on what and how to use a card.

Thanks Droomie, you're exactly right.

As of this week, we have officially launched the our crypto credit card.

The requirements are simple, as can be found in the PR here: https://www.marketwatch.com/press-release/elitium-launches-crypto-credit-card-with-usd-10000-credit-line-and-cashback-paid-in-gold-2020-09-24

This will be the first card to offer lines of credit to its' customers upon obtaining a masternode and undergoing a simple KYC process. You will be able to find all of the information above in regards to obtaining your own card dedicated towards a more luxury lifestyle.

Although many companies have failed doing this, there are few who have conquered the obstacles faced in international expansion. The promise we have to our audience is "fancy" to say the least, but that is the premise to our offering. Nobody said this road was going to be a smooth ride.

The target market we're offering this to absolutely recognizes the value of crypto and its' future. There have been more millionaires made in this industry alone in the last 3-4 years alone than any industry abroad.

as I know in my country there is a credit card that says MarterCard or Visa.  while on this card, I can't find it written on the ELITIUM card.  like a credit card that I have a MasterCard and also makes it easier for me to verify my card when I use it in certain market place.  and another one in this ELITIUM card, I don't see any card number there.  can you explain?

I don't think this card is provided by one of them, In Indonesia we are also have payment gateway called "GPN" that provided by Bank Indonesia, on GPN card you will not see MC or Visa. Same as Elitium card, this card provided  by Elitium it self, i think its not related with visa or mastercard. If someone want to use this card for payment, they need to use such as EDC provided by Elitium or something else (eg. barcode) that supported to accept Elitium card payments. CMIIW

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One think that makes me want to ask to the team, in website this card spendable at 46m+ shop, this is already have a cooperation with elitium or just a goals atm?

I believe they planned to do a partnership with VISA as stated on WP:
Source. (https://www.elitium.io/whitepaper.pdf)

Basically, this kind of project has to choose one of the payment processor VISA, MasterCard, UnionPay, etc. since building their proprietary payment network is an impossible task for a startup CMIIW.

There's a slight misconception here. Visa, Mastercard, or if you may, GPN, are the intermediaries, not the card provider. They acts as a "middle man" to bridge different financial institutions to verify transactions. The card provider themselves are still your own banks. This is where we can put Elitium at, as an equal to your own bank.

For a better understanding, let's say there's a customer who own an account in bank A and a seller who own an account on bank B.

As there are two different (and probably competing) banks, it should be impossible to communicate a transaction happened between the buyer and seller because there is no way bank A and bank B has an integrated system. This is where the intermediaries come: they communicate the transaction happened between seller and buyer to both banks.

Simply put, when buyer swiped their card, the card reader machine (presumably issued by bank B) will read information stored within the card such as issuing bank and account holder name, and forward this information to visa or MC together with the amount that'll be deducted. Visa will then forward this info to bank A to check if buyer has enough money on their account to be deducted. If so, payment succeed. Bank A will deduct the amount from buyer's account and forward this "money" to visa, which will forward them to seller's account on bank B.

In other case, there's a smaller circle where the buyer and seller has an account on the same bank. With this, they don't need an intermediaries like visa or MC as transactions happened internally within the bank. Bank C reads and confirm buyer has enough money, and then move the money to seller's account which also in bank C. But, if this is the case, then the card reader machine usually issued by bank C and can only be exclusively used to read card issued by bank C. If we swipe card from bank A or bank B to this card reader, it'll be marked as an error because C didn't use Visa or MC (or GPN) to forward and receive information from and to bank A or B. This, in a way, related to the later part of Masulum's post.

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As for the second part of Masulum's post, I believe they refer to Visa's merchant, as evidenced by mu_enrico's quoted text, and not shops and companies which already partnered with Elitium

The four pillars (https://www.elitium.io/what-are-the-four-pillars-of-the-elitium-digital-economy) of Elitium are integral to the New Digital Economy. Aside from cards and its benefits, our staking program offers more gateways to earn and collect interest. Easily learn how to stake, spend, trade, and invest with us.

Our recent blog outlines how you can earn with Elitium and how taking part in this opening can grant you more independence, value, and opportunities in the industry we all love.

Read more here: https://www.elitium.io/blog/how-can-you-earn-with-elitium

Thanks for the kind words Nami. For further updates and real time discussion, join our Telegram group: https://t.me/elitiumofficial

You really know your stuff.

Most cards are offered by third party providers and offer gateways via Mastercard or Visa (esp. in the crypto space). They act as pre-paid debit cards unless a concrete partnership with one of the fintech giants is made.

What are you referring to as "Bank C"? Really, it comes down to the user having Bank A or Bank B. In the US and most parts of Asia, they offer instant contactless settlements between banks such as Zelle or Promptpay. The card space in crypto is exceptionally exciting because it provides the best of both words; a wallet where you're able to transact contactless and convert to fiat, as well as spend physically at most merchants that accept Visa/Mastercard.

To answer Masulum's question- a lot of cards are whitelabeled for business, therefore do not need the official partner stamp. However, each authorization code on the back is special to each provider and can easily be differentiated. Like all ETH addresses starting with '0x'

You KNOW you wouldn't send Bitcoin to an address that starts with those two special characters...

Ahh, no, you're a little bit mistaken here. There are instances where banks or other payment services who issues their own card, or app, which works only on their own network, between people who owned account on the same said financial entity. These cards works outside the plane of visa or MasterCard, usually offering better rewards (given by the issuing bank) but they're only acceptable on very limited merchants (seller) compared to visa's wide network.

I see what you mean now. Banks act as the issuers and some banks do not use these payment networks (Visa/MasterCard) rather other card networks.

Where do you see these alternatives operating mostly out of? I've seen UPI out of India to be the most notable per capita and Russia also has a few alternatives.

Issuing banks seem to be racing to the bottom (or the top? Depends who you ask) when campaigning for customer acquisition. There's been a heavy decline in a lot of these credit card applications because most benefits are travel related. They need to focus on the much larger consumer market.

Yes, the competition is really tight with this FinTech products, for example, Venmo and OVO (In Indonesia). Sometimes it's funny when I see shops that have multiple devices to deal with multiple payment networks lol.

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Anyways, how's the Elitium Capital progress? (https://bitcointalk.org/index.php?topic=5270011.msg55255193#msg55255193)

I'm really curious about the tokenized shares. Thanks!

Elitium Capital is making great progress, the digital shares platform is on 99% and there is a lot going on in regards to strategic partnerships in the background.

We have 35 hotels in the pipeline already and plan to tokenize the first one this year. We will reveal further details as soon as the platform is live since there are some other launches coming up before.

Before Elitium Capital goes live we are going to publish V2 of the dashboard including following features:
- Optimized user experience
- KYC verification within minutes
- A stable savings program with up to 3.4% in rewards per year
- Ability to purchase Gold directly through the Elitium Dashboard

After that we make it accessible through the Elitium App and then we are ready for the big Elitium Capital Launch to add another pillar to the ecosystem.

All of these developments will be launched this year and will be updated exclusively here. Much love for the BitcoinTalk community.

The coming of this new technology is also the cause of dying of an old one.. Some of the coin that are launched way back 2012 onward suffered lost of support of their community because of this new innovation, unless this oldies will upgrade and innovate they will not be compete in this kind of technology.

I really like the opportunity to receive passive income when investing in a very profitable project like your Elitium, but nevertheless, today it is possible to trade with your own EUM token on the exchange. According to today's data, the daily trading volume is $ 71,912.62 USD, but it seems to me that if you list on more rated exchanges, this figure will increase. What are your plans in this regard for the near future?

Just like any other industry. Especially in times like this, it can often be represented as a "survival of the fittest" mindset within companies. There are a lot of coins launched back in those times that have thrived and are doing better than before, but most have died out.

Want to buy coins, ID Verification, Want to Stake ID Verification. No I'm not interested. Bye Bye

I believe the major and most favorable bank in first or second world countries have this kind of service, as it offers a great benefit to the bank as a good marketing tool, while still benefitting customers with better rewards or lower fees, etc. although I never saw this "Bank C" goes overseas, with exception to AmEx.

And just like you said, one of the biggest obstacle on this kind of service will be the width of its service. They usually works on a narrow scope: regionally, no travel benefits, etc. while study founds that consumers actually prefer a wider scope (i.e. the availability to use the card in a lot of merchants) over more benefits (i.e. bigger reward points or lower tx fee). I read somewhere that this is one of the biggest obstacle that Walmart faced with their payment card.

On the fintech side, I believe most services work under this type of "bank C", where they issued their own service, reader devices, and network. And just like how it is with "bank C" in physical world, these services mostly also works regionally.

If I may use mu_enrico's example, I don't think Asians ever uses Venmo, just like American probably never heard of OVO. Venmo's parent company, though, is a different case. PayPal (Venmo became it's subsidiary around 2013) is probably the AmEx of fintech division, it works and known worldwide (probably with exception to China, AliPay is more known by the Chinese).

@holydarkness I'm impressed with your serious posts on ANN thread, something that I don't see frequently ;D

This one is also my concern, especially with the misused of KYC data all these years. Perhaps the comment from @TheNerdCave says it all. However, I understand with the regulation (MLD5), KYC is inevitable for a legit business. Is there any way to do KYC safely? Since I am also somewhat reluctant to do KYC.

As discussed in this forum about KYC, many of them are reluctant to do KYC unless the platform is used every day or every time, such as exchanges and that too some people do it.
I myself am not someone who doesn't want to do KYC but I limit my KYC to the platform I use every day or every time.
On the other hand, I think that this kind of Elitium credit card innovation makes me curious to have.  However, returning to the KYC procedure made me reluctant to do it.
Maybe I will only trade for this EUM Token if it is listed on a well-known exchange later.

I read up how to earn, I just curious about stake where get 6.5% annual by reward. My question, is rewarding every month?.

Also how much maximum and minimum EUM to stake?. and can we stake without buy in here (https://www.elitium.io/dashboard/#). I mean, I bought from stex (https://app.stex.com/en/basic-trade/pair/BTC/EUM/240) exchange then sending it to my dashboard if possible?.

Or should I staking it self by download EUM core wallet from github (https://github.com/elitiumofficial/eums-masternode-install-script), I am not starting yet, cause I don't know how much minimum balance to begin staking on core. just downloaded qt and showed me 9 GB disk space needed.

There are a few trusted KYC providers in the industry, such as Veriff and Onfido (among others). However, a lot of businesses in crypto provide internal KYC protocols that use software and are not shadowed by a legitimate CO. This raises a lot of issues with people's data when they're uploading residential documents, passports, and more. There should be a global standard for KYC/AML overhead when issuing digital currencies/platforms.

Exchanges, especially those based in Asia, require some form of government ID to withdraw funds. I can see that as being a hassle for a lot of people. We are all privy to keep our data safe and remain as private as possible when using some of these platforms.

Have you ever uploaded KYC data to a hacked exchange? That's what really gets people's boots shaking. It would be an absolute nightmare to witness a similar Mt Gox debacle in today's time with everyone's data plugged in...

Correct! Staking rewards will be distributed every month.

Regarding the limits; there is no minimum amount to stake. However, with the current significatn gas fees, we suggest to start staking with min. 100 EUM

And yes, you could easily buy on STEX and after transfer your funds to the dashboard. You are able to stake there to be fully secured and have a nice UI/UX (No tech complications or downloads needed).

For now, we recommend you to stake on BitMart (better UI/UX and volume than others). It will be the easiest method until v2 of our dashboard is live. Once operational, you can start staking automatically by simply holding EUM! Really cool stuff in the making and will take some time, but at least we have something operational thus far. It helps gathering feedback at early stages so we can help scale a better product for our community.

I am not sure KYC required on Bitmart, but when I look percentage stake more than low from EUM dashboard https://www.bitmart.com/staking-detail/en?coin=EUM&reward=EUM Look better on EUM if use same KYC procedure.

Also, Have you tried to create bounty here?. Maybe it can be growing up value and growth.

Didn't use bitmart myself, but a small research shows they require KYC before any withdrawal, i.e. you can only watch market price if you don't want to do KYC

---

In regards to mu_enrico and AakZaki post of KYC, do I understand correctly that the KYC topic you were talking about was the internal KYC done by Elitium and not exchanges' KYC?

I don't  really follow worldwide's rule of LYC/AML, but as far as I know, KYC were only required after certain amount of funds were sitting on someone's account. If I am correct on this, then maybe Elitium should consider requesting KYC only when user reached these numbers, e.g. if I only have $0-$200 (let's say maximum number of fund one's account have allowed by gov without kyc is $200) then I can just use that account freely, to test their interfaces and services. Because IMO, having to do KYC right on the first time.of using a service will highly dissuade people to try

---

LOL, thanks. I was interested on this topic

Yes, that is correct!

Agree! But this world seems to move in the different direction. Mandatory KYC before deposit/withdrawal is everywhere.

Source (https://www.veriff.com/veriff-times/aml-compliance-amld5)

That said, it will be beneficial if smallholders don't have to do KYC before reaching the €150 threshold. However, if the exchanges require mandatory KYC for all accounts (I think both STEX and Bitmart did), it would be useless.

Anyways, perhaps their target market is Bitmart traders since staking EUM can be done directly in that exchange.

For Bitmart (and most exchanges) they have verification thresholds. The base KYC is simply confirming email and maybe a phone number. If you'd like to raise your limits, than you will have to provide additional information like gov. issued ID, proof of address, etc.

The Elitium dashboard will be much easier and efficient to stake on, to say the least. V2 will be an absolute game changer.


SPEAKING OF BOUNTIES

This thought has been going around the company for quite some time but has to be strategically planned and timed. Our biggest concern is either 1) the tokens earned will be dumped because it is already pegged to a fiat standard (quick cash for some of these hunters) or 2) if we decide to lock the bounty tokens, the community will be enraged because some have little to no patience. We want to be as transparent as possible and provide opportunities for those who can earn value from EUM.

With that being said, it would be interesting to hear your thoughts on how you think its possible to maximize the value of the bounty. Should one of the tasks be to stake on our dashboard instead of the cliché "follow us on a twitter and hashtag #EUM in your next tweet"

Given we have a monetary value attached to the token, people WILL have to work for it. Stay tuned, you guys will be the first to know if we run one.

Most KYC providers issue limits based on your withdrawal volumes (they don't care about deposits lol, just means more AUM for them).

The primary goal will be to keep users engaged on the platform for those exact purposes. Establishing trust before asking for personal info should be a standard in this industry.

Given our trusted KYC provider allows us to do so, this is a great suggestion that I am happy to raise.

Haseeb Awan, former BitAccess BTM provider and our pride and joy Raoul gave some insight on KYC procedures to a journalist at BTCManager recently. Haseeb specifically mentions that point you made, HD, and again, is absolutely right. Our mission is to establish a framework for adoption that keeps people engaged- not dropped at the initial levels of KYC.



I hope you STILL are! This thread has tons more valuable information because of your input. Thanks HD.

"Investment advice often revolves around one phrase. Diversification is key. But what does that mean? In truth, it’s simpler than it sounds.

Diversification means adding a range of products to your portfolio. The act of diversification both spreads risk and lowers your overall risk profile. In other words, it results in less volatile yet equally attractive returns."


Diversifying investments is important and I'm sure everyone here has VERY diverse portfolios.

Read more about our latest announcement regarding our card program. We've partnered up with someone special for our reward-backed card program

Find out who it is:
https://www.elitium.io/blog/why-diversified-cashback-is-the-next-big-thing

This one new to me "Diversified cashback means earning a range of currencies as you spend on a credit card." #claps
So users can get a collection of token via cashback. I think it's a good idea as long as a real crypto fund manager picks the tokens and the proportion, or in other words, he knows what he's doing.

The options are (1) give fiat/BTC cashback and let users create their own portfolio, or (2) diversified cashback. I think I personally go for the (2) for a hassle-free experience,  but some users might prefer (1). It should be easy to add a toggle button between (1) and (2) :)

Some crypto cards offer "cryptoback" or "satback" where you can choose to round your purchase up to the nearest dollar/euro/pound or take a percentage of funds spent back in crypto (primarily BTC). Elitim provides the option to acquire all of the above, primarily gold. We all diversified ourselves into crypto but what about fungible assets?

Caveat made, there is no personal wealth manager on the platform but is in talks for HNWI customers. Our license doesn't permit us to provide this service just yet.

Yea, this is not new. But your "diversified cashback" seems a worth-to-try idea.

It stated: "It could be a mix of dollars, EUM, even gold."
I thought someone would be responsible for creating the recipe, how much % each asset, you know... finance stuff.

My point is, someone knowledgeable should create the portfolio recipe so it can be efficient. If it's random or badly constructed, then the "diversified cashback" will be worse than just sending cashback in the form of BTC/USD/EUR and let users create their own portfolio.

Sorry if too much imagination since I'm currently looking for a local mutual fund and index fund (stocks) and this news a bit tickle my curiosity :P

We are actively working on a similar wealth management model that allows you to work on diversifying your portfolio through our alternate gateways (PAXG, EUM and FIAT).

This will include additional support but you'll have to wait until the V2 of the dashboard is live.

Check out a preview below. There are tons of great opportunities as we continue to partner with some of the top companies in the industry on top of other luxury-styled business models.


Let your imagination unfold. It's what helps businesses like ours grow and cater to a preferred audience.

Take a look at the EUM market in Coingecko (https://www.coingecko.com/id/koin_koin/elitium), it's a bit strange that the data seems incomplete. I immediately opened their smart contract address (https://etherscan.io/token/0x6aB4A7d75B0A42B6Bc83E852daB9E121F9C610Aa#tokenExchange), apparently apart from BitMart today I saw two more markets. FatBTC and STEX I don't really know if there is any mandatory KYC for transactions in these two markets because I haven't tried it. I only see that the trading volume on STEX is quite large, around 88% of the circulating EUM.

Good progress for Elitium, nice interface. The staking system you create if it's real is a simple way to raise the market price and I really like it. What about the satking reward rules that apply, I think you need to explain for all of us here. Maybe this make me and all interested.

Umm... this is for Dev, I'm just borrowing your quoted text, LOL.

Dev, I somehow missed this interesting topic when I read them the first time. By gold, do you refer to a physical gold (for anyone curious, we're talking about the bar ones, not the jewelry), or an ETF?

If it'll be a physical gold, I would imagine you'll need to create a dedicated wallet on your platform to collect these micro cashback up to the amount required to buy the smallest possible grammage --I'm not an expert on this, but I think 1 gram is the smallest possible you can buy-- because I don't think any (licensed) seller would be pleased if you tell them there's someone who wanted to uhh... buy 0.5mg of gold.

---

And congratulation for the quoting skill, you managed to compose replies and utilizing them extremely well.

I believe it's PAX Gold (well, as seen on the platform)

https://www.paxos.com/paxgold/

So decimal is not a problem.

In the CIS countries, there are problems with cards that work with cryptocurrencies. Those that are launched, after a while, may be blocked when using them, in any of the CIS countries. It is possible that this will not happen with The Elitium Crypto Card, when there is an opportunity to use it.

~snip~

Correct, it's the custodial service offered by Paxos. You can find more information about PAXG, how its stored and how it differentiates from the traditional, physical asset and ETFs.

https://www.paxos.com/paxgold/

Earning returns in real gold is an extremely unique value prop. Especially when you don't have to pack around heavy bars, chains, or build a vault.

This is an issue and needs to resolved asap. Unfortunately, a majority of banks and card providers will only send these crypto-friendly cars in EU (mostly) and some in the US. Asia has recently been pulled (aside from Singapore) shortly after the Wirecard debacle. Some providers will lighten up and right now, it's a race to these markets for these issuers.

BTCIG Partnership Announcement
_______________________________________________

Must we not forget, we have been working extremely hard to ensure we facilitate the proper partnerships to help Elitium flourish.

If you're at all familiar with the luxury and hotel space, you can learn more about our latest advisor, Mr. Shalal Khan.

"Mr. Khan has been directly responsible for the syndication of over $5bn for projects across the US, Europe, the Middle East, and Central Asia. His funding experience will supercharge Elitium Capital's (https://www.elitium.io/discover/elitium-capital) credibility right before launch."

This recognition only highlights his business prowess. But his arrival brings more than cross-industry expertise. He will unlock unprecedented access to an investor network that will lift Elitium Capital to new heights.

The global tokenization initiative we have planned will be driven forward on a much larger, thanks to our latest addition to the team.

You can read more (and clap for our achievement) here: https://medium.com/elitium/meet-elitiums-latest-business-angel-dda32148c85d

Hey admin, I've just dug through your Youtube post, and I found this:
The Future of Luxury: Meet the Virtual Executive Robot Assistant of the Elitium Network, VERA (https://www.youtube.com/watch?v=NQDWBq7OTkY)

How's this VERA doing? Is it still being developed? It's pretty cool but not a word mentioned in this thread...  :o
It can do a better job than my wife lol

I agree with you, something missing from this thread, VERA will become the feature that very interesting to discuss in this thread. I know, this one of long-term development from team, based on their plan that mentioned on this post (https://www.elitium.io/in-depth-reviewing-progress-of-the-elitium-app?fbclid=IwAR1Y_zeWDMUbJ4KoAGzvtLYiwjjaxr9bgcbl9sGqO5YI-cFodrxuPLwkrHo), VERA will available by end of 2021, at least we get a "sneak peak" information here.

Jumping in with a small research just minutes before replying to this topic. If dev is serious with this idea --and I have to agree that it is a great feature, not many crypto payment service has this feature--, it probably will not be that difficult that it requires one whole year to develop.

Integrating voice assistant to our phone means we need to co-exist with siri or google assistant, or bixby if we count samsung user. I'm not sure about siri, but android allows us to replace google assistant with other voice assistant of our preference, like... Amazon's Alexa.

Now, Amazon have this project called VII (https://developer.amazon.com/en-US/blogs/alexa/device-makers/2020/09/vii-announcement-new-members-and-multi-agent-desigh-guide) (that's V-I-I, not roman numeral for 7) that basically integrates dozen of voice assistant under Alexa.

As Elitium already have this concept in mind (and roadmap) I would assume they have the general idea of what to do, how to build the app, etc., they can ride VII to achieve this roadmap easier.

Another benefit, that I can imagine, of integrating with Amazon will be an easier access to e-commerce as they're working with the giant e-commerce themselves. Thus, that bag for wivey's birthday is more approachable

Hello hello!

VERA's development will take more time since it's based on AI technology (she has to grow up a bit). For now, our focus is to create the a robust blockchain investments / wealth management platform and launch v2 of the dashboard to fully establish the fundamentals of the ecosystem. Once the app goes live, we will start hand-picking luxury experiences you can invest in as well as the implementation of our concierge service solutions. VERA, similar to other AI, is there to help you make or update bookings, request bespoke concierge services, respond to queries about products and services, or simply lend a hand as you go about your day-to-day.

The development is extremely fascinating but is timely, as is any other AI initiative. There will be future announcements regarding VERA as we approach the launch of our V2 dashboard.

Do you know what they mean by "voice agents" when referring to combining these systematic entries? Would it categorize recognized voices based on the household using it?

There isn't any rush to develop VERA as it needs to be structured and presented properly. AI is based off a lot of different algo, esp machine learning. It's like watching a child grow up- you can't rush him to get a job and help pay the bills ;)

Alexa and Siri have made incredible developments within the past few years. However, with VERA, it will help support the same use-case Alexa makes as a virtual assistant. "Hey
VERA, book my next ticket to Dubai!"

There is further information on VERA in a medium blog we released last year: https://medium.com/elitium/https-medium-com-elitium-the-future-of-luxury-97af750f7d58

I can't wait to update you all further with the future developments. The V2 launch of our dashboard will be a game changer to the Elitium ecosystem.

I have to say that I am not sure, but basing my guess from the qyoted text below, the first impression I got when I read about VII was that Amazon (through Alexa program) hosts multiple voice assistant that works upon specific name trigger. The way I perceive them is roughly, if I may use a poor example, like how android can host multiple keyboard at once and we can switch between keyboards.


So, in my mind, it'll be like:

*in a morning*
*Alexa wakes you up via alarm and lamp brightness*
User: Alexa, what events do I have today?
Device (through Alexa): Good morning, Darkness, wivey's birthday is today, you have a video conference in five minutes and a meeting with Elitium at 13.00 in Dubai
User: ok then. Vera, buy something for my wife. Portal, set a video conference in five minutes.
Device (through Vera): looking for some bags and shoes.
*user interact with Vera for 5 mins, looking for shoes*
Device (through Portal): This is Portal, your video conference is ready.
User: Vera, buy that green shoes and Portal, connect me to the conference room.
*after video conference*
User: Portal, book my ticket to Dubai
Device (through Portal): that's look like something Vera can help with.
Device (through Vera): hi, Vera here, how can I help?
(This transfer between voice assistant performance actually shown on their demo video on 6.20)

Okay, so here is what I understand:
- The AI still a long way from ready, understandable since @masulum said it's planned for the end of 2021.
- No VERA on elitium dashboard v2.
- The main focus at the moment is investment functionality.

Anyway, I forgot the last time I use/stake ERC-20 tokens, you know, because of fees and stuff. What happens with Elitium if ETH failed to scale?

Voice agent, is that something in ur phone that translates a e-book for u? ahh I got it its a retarded robotic voice that tells u where to buy tickets and wheres the nearest shopping mall. Who da hell cares. Dont tell me this is the new trend or that its gonna flip the IOT industry. U cant ask blockchain to build a robot to tell u whether u need sticks to eat ur chowder.

sometimes we need it, we need a machine in our daily life, maybe all of them not a robot, but they are working like a robot, when you are setting up alarm, you are use a machine, IOT not just a trend but the adoption of IOT and virtual assistant like VERA will help human when they need it. same like when you are set that alarm, maybe you need it rarely, at least we are accept it as something useful for our life.

---

and back to VERA, maybe the main issue about this is privacy, do all activity from user will be stored on a database to personalized activity or it will destroyed after the event already done. as your example "Hi, VERA, book me a ticket", when she is doing the task, what happen after this activity?

thanks for answer

IMHO, as long as Elitium complies with the GDPR, it won't be a problem (from the legal perspective) because companies always have their customers record. The problem is with security, like how to prevent data leak, stolen, etc.

Since we don't have GDPR here, when we use local online booking platforms, our privacy is at higher risk.

What kind of devices do you use? You know you can always change this "retarded robotic voice" to a preferred accent with most.

Also, nobody said they were going to flip the IOT industry. Especially in America, a lot of people use Alexa and Siri to voice activate multiple tasks on a daily basis.

Yes, privacy and security issues are serious issues that you should pay attention to. In my opinion, the guarantee of privacy security through the GDPR is not without flaws. I read that there are some personal documents required to run VERA. You need to analyze, Personal data, Passport information, related credit cards and social accounts. All of the above documents are our important documents, if indeed you have referred to the GDPR, that's fine, but at least you have to exercise your rights and obligations regarding the GDPR and ensure our privacy will remain safe forever.

Thank you for your answer, I'm just remember about
data leaking of voice records that happens because of Google partner (https://www.cnbc.com/2019/07/11/google-admits-leaked-private-voice-conversations.html), of course GDPR is good, as you say cyber crime is the real enemy for our online data, maybe destroying activity tracking can minimized risk of leaking VERA users activity like Google Voice case. CMIIW

"ANOTHER ONE"

After a long week of wrapping up deals and speaking with new business partners, Elitium proudly announced the latest edition to our partner board: GDA Capital (https://gda.capital).

Some of you may have heard of them, notably Michael from MLG Blockchain. They have been focusing on assisting early-stage projects since 2016 and have led the success in many of their partnerships.

What does this partnership include for Elitium?

To summarize, here's how we both parties plan to leverage the tie-up in the coming months:

- Add human resources, grow Elitium's network, and deepen industry expertise
- Access a broad family office network and speak at industry events
- Focus on expanding in North America and Canada
- Build relationships with the world's leading crypto exchanges

Read more in the latest press release found here: https://www.marketwatch.com/press-release/elitium-announces-official-partnership-with-leading-crypto-fund-gda-capital-2020-10-29?tesla=y (https://www.marketwatch.com/press-release/elitium-announces-official-partnership-with-leading-crypto-fund-gda-capital-2020-10-29?tesla=y)

Perhaps with all data being stored in centralized servers, there must be a technological solution. Theoretically, if you were to collect data just on a specified blockchain and PGP encrypt it with your own keys... Wouldn't this save a lot of money in the security world? Of course, the average phone and laptop user may not be privy to this knowledge but when we undergo a earth-threatening data leak, maybe there could be time for some big technological changes. Data privacy is still quite limited but GDPR is a great help.

This is great news for those who are following this project. So maybe when the gda.capital update their list of partners, Elitium will be included in the list here -

https://gda.capital/team/#partners

Expanding your operations is really vital in the continuity of the your platform. Also, the more partnerships you will closed, the better for your project to thrive in crypto business.

^ It would be amazing if this platform could operate globally and provide crypto services to users without any territorial restrictions. But I have seen many platforms like this, what makes Elitium different from other competitors?

There will always be territorial restrictions due to global sanctions and black-listed countries. Every month, KPMG releases an updated list of blacklisted EU countries that are unable to have access to a lot of the financial solutions provided within the continent. You can find the list here: https://home.kpmg/xx/en/home/insights/2020/10/etf-435-eu-blacklist-update.html

For cryptos that do not rely on KYC or other compliance purposes (Bitcoin, as a prime example) is not exempted from anywhere around the world. However, the services that are offered will be very minimal in these blacklisted countries. Being a healthy, compliance startup is key to growing past the competition and achieving potential in the eyes of the masses and institutions.

There are a lot of DeFi platforms and wealth management systems- however Elitium offers new sauce to the recipe when it comes to staking and holding EUM. For example, you are able to receive PAXG for holding EUM instead of the token itself as well as other assets that will be included in V2 of the dashboard. Aside from staking crypto2crypto, Elitium will offer an array of assets you can earn to help diversify your portfolio even further beyond crypto itself. You can read more about it in our blog post here: https://www.elitium.io/blog/why-diversified-cashback-is-the-next-big-thing

... Our crypto card is quite boujee, too.  ;)

one question from me regarding this, this means what kind of PoS consensus will EUM be running? Does it still refer to the existing staking model, or it's there are other crypto collaterals for the reward? However, if we staked to get another coin reward, of course there will be some kind of stock of crypto for that reward.

PAXG would have some benefit especially if you used to own gold on a local provider. Usually, the provider uses the market marker system where there is fix spread of buy and sell, and it's usually pretty wide if we view it from the crypto perspective. The price movement is also quite slow. Also, there are buy/sell fees. With PAXG, you can trade it on big exchanges, and the fees are minuscule compared to the traditional gold companies. However, there is a risk associated with the company, the same with the conventional companies.

It's a far easier method to own gold versus carrying the physical storage or having it as a note. Of course, people like to own gold because it is stylish and represents luxury and wealth- absolutely nothing wrong with that!

Gold took a recent hit today. Instead of going to the local gold shop to buy a new chain or ring to sell at a later date, you can easily do the same with EUM or other cryptos. Talk about saving time, money, and patience.

With the adoption of gold within the crypto ecosystem, we will be able to see a lot more appreciation in value, also with other precious metals.

Which risk are you referring to? The regulatory aspect of it or physical vault storage?

https://i.imgur.com/x5wnYdC.jpg?1

I think the risk mu_enrico is referring to the risk if something happens to PAXG. We know, even though they already have a community and users globally, we still have to think, is it really safe to use the service? It will be different if Elite has its own gold backup without 3rd party, then this risk level will be smaller, because Elite holds its gold not from other providers.

Without owning physical gold, users must trust vault storage. It has an inherent risk that always presents in all custodial accounts, whether PAXG or Elitium proprietary vault (just hypothetical regarding Masulum's comment). In addition to embezzlement et al., companies also have risks associated with incompetence, like what if PAXOS gets default, is the token still redeemable, etc.

I have some gold stored in a state-owned enterprise (SOE), and it still has some risk associated with country default (country risk).

I'm not trying to fear-monger but to inform users that there are pros and cons of tokenization. Pros would be the convenience and everything that good from technological capabilities, and I agree that converting physical gold to fiat (or else) is troublesome. Well, since nothing is perfect, why not diversify? Users can easily own both physical and gold token.  ;)

No thanks.

Hei devs, there are something error with your registration pages. I'm trying to register on your site, but when I'm submitted the form, I got this warning


please fix it ASAP.

Update
I think error happens to redirect page after submitting data, because i receive email confirmation in my inbox. But, as it happens when I register, I also find the same error after clicking confirmation email link.

Sorry to hear you are having issues with entering the Dashboard, we already checked in with the tech team and will identify the problem.
Please also double check from your side as it seems to work for most of our users, we will update from our side asap as regarding the issue.

If you should have any further feedback in the future you can also reach out to our support directly via office@elitium.io and we will help wherever we can.

Besides that, how do you like Elitium so far? Are there any other open questions/wishes we can help you with?

Next week we are going to launch a preview of our coming App, so people can already see all the new designs and functionalities like stable savings or our PAXG integration.

Looking forward to hear your thoughts!

Hey, from roadmap stated that:

Source (https://www.elitium.io/about/roadmap)

Is the plan already executed, or do you have a plan to list on a bigger exchange?

Thank you for your response. Hope it now its has been solved now

Sounds good, will waiting for it. Also, the gold can be redeemed to physical, it will available world wide or just in some country? And where I can read about this, since I'm checking the WP not found anything about PAXG related atm.

In theory it sounds good, completely decentralized which will allow the democratization and participation of all citizens worldwide, of course there will be interests that oppose it.

I just got to read the news that Elitium partnered with AMDAX Group. It looks like AMDAX is more like a wealth management service. It sounds cool if Elitium users can use this feature and have wealth managers to do diversification, rebalancing, and stuff.

Yes, AMDAX acts as our liquidity partner. They are regulated by the dutch central bank so compliance wise we are prepared for what's to come in terms of compliance and regulation.

Furthermore have a look at this update:
https://finance.yahoo.com/news/gda-capital-wolf-streets-invest-162300045.html

Scott Melker "Wolf of All Streets" invested in a masternode and becomes a long term partner of Elitium. We will intensify the partnership step by step and he will utilize all his channels and open doors to bring Elitium forward.

Also our partner GDA Capital decided to realize some of their token options and we move forward faster than expected due to recent momentum we do everything in our power to move fast and finalize the coming App including our wealth management solution for high net worth individuals who are looking to diversify into crypto.

We see an increase on all angles, also regarding the token, great times for the entire industry!

If you haven't purchased EUM already you can do that on Bitmart (Also US investors outside NYC) and receive up to 6.5% staking rewards per year just by holding EUM in your wallet.

www.bitmart.com/?r=h32rA1
 (http://www.bitmart.com/?r=h32rA1)

Trade Pairs are ETH & BTC

On the bottom of the Homepage you can also subscribe to our weekly Newsletter to stay updated:
https://www.elitium.io/ (https://www.elitium.io/)

Telegram:
https://t.me/elitiumofficial (https://t.me/elitiumofficial)

Hello,

Thanks for your comment, we are currently working on restructuring the entire website and change our positioning a bit away from the luxury/spending side, more towards wealth management solutions/ asset side. The Roadmap is not 100% updated and will also be changed accordingly.

We started onboarding investors into our new App that's coming in Q1, that was our main priority for now, since our clientele is focused on high net worth individuals who are looking to enter the space of Crypto, DeFi and tokenization.

We have medium size exchanges listings planned for Q1 and will probably list on the first 1-2 Tier 1 exchanges in Q2 next year, because as mentioned we have full focus on getting the updated version of our wealth management solution live at the moment and make it accessible through the App store.

Then you will also be able to purchase EUM directly through Pay Pal or Stripe, bank wire already got implemented this month.

For the rest please see my last post about the latest updates and where to buy EUM. For traders www.bitmart.com/?r=h32rA1 (http://www.bitmart.com/?r=h32rA1) is the most beneficial way for now.

Hi Masulum,

Sorry for the late reply, we are always faster in our telegram group.

Here you can read about Paxos Gold:
https://www.paxos.com/paxgold/ (https://www.paxos.com/paxgold/), that should answer your question.

We also offer up to 3.1%/year yield for premium investors on Gold.

Did your dashboard issue get solved? Otherwise please reach out to me directly on telegram and I will talk to compliance to see what's going on. My handle is Luca_EUM.

Hope you had a great christmas (in case you celebrate it) and wish you a good start in the new year!

Best regards

Luca from Team Elitium

the dashboard is doesn't have any problem, but the problem just from the redirection. It can be shown when a new user just registered or when user doing confirmation. not checking it now, since I'm already have account on elitium sites.

I think that's smart move. Luxury side, from what I've seen in this forum, will not get much attention because not many can afford that kind of lifestyle. But if you talk about wealth management, a lot will be interested as people are looking for potential investments that will really give them financial security. That move, I guess, is a good one from your end.

Bring in 2021 in style 😎

Get even more Elitium staking rewards from January 1st, enjoying up to 7% annual EUM rewards, just for holding a balance on BitMart.

It couldn’t be simpler to kickstart your New Year’s celebrations — here’s what to do:

1. Create a BitMart account
2. Buy min. 10 EUM (using BTC or ETH)
3. Simply hold your balance

Given there’s no lock-up, even traders can enjoy staking EUM on BitMart, getting rewards on the 9th of each month while trading as often as you want. What’s not to love? 

Get extra staking rewards on BitMart today 🙌
—> https://www.elitium.io/blog/staking-rewards-bitmart <—

Hello, as I understand it, we are talking about passive income, which consists in simply keeping coins in your wallet? I will not need to renew staking every month after the rewards are paid and everything will happen automatically?

I appreciate your commitment to compliance and regulations, you know, after what happened to Ripple.
We don't know if Elitium will be able to grow big like Ripple, but if the stars all aligned in Elitium's fortune, we don't want to hear the same issue happens and destroy all the good work.

Keep doing your good work guys!

Thanks a lot! Yes we think so too. More importantly many people are struggling at the moment and there are important problems to solve in the current financial system. Furthermore lots of people are entering crypto at the moment and see their wealth growing. They are searching for an easy and secure gateway, where they can manage their risk and diversify their portfolio without having to worry about technical barriers. That's what we are focussing on right now.

Crypto is a once in a century chance to redefine value.. And it's happening right now.

Yes, correct. The entire process happens automatically, all you have to do is to hold EUM in your Bitmart wallet and you start staking automatically. The rewards will be distributed on a monthly basis.

Thanks.. Yes sustainability and focus on long term value / utility instead of chasing short term profits is a key factor of our business. That's also why we never did an ICO and decided to fund the business ourselves and build a strong private investor network around us to keep selling pressure low and be able to protect investors in the future.

Regulation will come. Watch what will happen in 2021 when authorities start realizing what's happening in this market and how fast it grows. Laws will come and we have to compare ourselves with traditional Banks and look at their compliance.

Doesn't mean all crypto's need the same amount of regulation yet, but it's always good to be aware and have a plan! This is the most fundamental basis.