ANN: ELIXIR (ELIX) Crowdfunding and E-Commerce With Token Rewards

[Daedalus27]

Regardless of the updates on the new ELIX mobile lending app in a few days, there's an interesting coin dynamic happening within the trading environment on CoinExchange.io which is cooling off after some good trading success during end of August and through September 2017.  

It's Bitquence BQX, at time of writing on CoinExchange it's value is 16200+ approx Satoshis and cooling down from 6th Position Top 10 Volume.

If you look at the trade volume and activity of BQX around the 7 August 2017, it was hovering around 1500 sats or similar to the value ELIX is now (around 1300 sats) before it went parabolic to mid 20k's with a much, much larger circulating supply and total supply than ELIX.

Circulating supply is 71M approx, with a Total Supply of 222M.

It doesn't matter how good a coin is with its platform or features, all coins have to correct and cool down for a while after hard trading.

Elix with a low circulating supply and total supply by comparison and is only just warming up through what may be a growing Month of initial introduction activity on CoinExchange.IO.

I think traders will take a serious look at the low price and supply of ELIX over the next 7-days if ELIX volume remains stable above 15btc - 20btc daily.

[SlotMonster]

Can someone please help me with my question?

Thank you!

I have a question, the answer on which I didn't find.

Do I understand it correctly, that if I need some fiat money (USD, EUR etc), I will need to borrow ELIX, then send it to any exchange which accepts it, then exchange it to BTC or ETH, and then withdraw to USD? And when I need to pa back my debts, I will just top up my account, buy ELIX and send it back to the lender?

Please, correct me if I'm wrong.

Thank you!

[JHB3]

I think there is a bug on the website regarding the circulating supply. It shows "0". I'm using a MacBook with safari. Can check if it shows same bug with other browsers. Here is a picture:

https://imgur.com/gallery/hjSA0

[JHB3]

I think there is a bug on the website regarding the circulating supply. It shows "0". I'm using a MacBook with safari. Can check if it shows same bug with other browsers. Here is a picture:

https://imgur.com/gallery/hjSA0

Okay its working fine again. I checked with other browsers, they did well. Than checked again with safari and it now shows 10,288,768 circulating supply.

[almg89]

Regardless of the updates on the new ELIX mobile lending app in a few days, there's an interesting coin dynamic happening within the trading environment on CoinExchange.io which is cooling off after some good trading success during end of August and through September 2017.  

It's Bitquence BQX, at time of writing on CoinExchange it's value is 16200+ approx Satoshis and cooling down from 6th Position Top 10 Volume.

If you look at the trade volume and activity of BQX around the 7 August 2017, it was hovering around 1500 sats or similar to the value ELIX is now (around 1300 sats) before it went parabolic to mid 20k's with a much, much larger circulating supply and total supply than ELIX.

Circulating supply is 71M approx, with a Total Supply of 222M.

It doesn't matter how good a coin is with its platform or features, all coins have to correct and cool down for a while after hard trading.

Elix with a low circulating supply and total supply by comparison and is only just warming up through what may be a growing Month of initial introduction activity on CoinExchange.IO.

I think traders will take a serious look at the low price and supply of ELIX over the next 7-days if ELIX volume remains stable above 15btc - 20btc daily.

+1

already see small fishes trying to manipulate the order book, pay attention

[okinawa]

Hey guys

I just want to understand everything correctly

If I cashout all my batch I will get 12 500 EXOR and then I can convert them to ELIX ?? I will have 12 500 ELIX..and the price is now at 0.05 $ so it means I will have around 600$  

IS MY MATHS CORRECT??!  

[Münzpräger]

Hey guys

I just want to understand everything correctly

If I cashout all my batch I will get 12 500 EXOR and then I can convert them to ELIX ?? I will have 12 500 ELIX..and the price is now at 0.05 $ so it means I will have around 600$  

IS MY MATHS CORRECT??!  

Almost correct. Today's batch size is 1325 Exor, so you would get 13250 Exor. The longer you wait, the bigger the batches will be.

[cryptogaga]

Coinmarketcap says Circulating Supply 2,513,749 ELIX, while elixirtoken.io/ 10,288,786 Elixir in Circulation so which one is correct?

[Münzpräger]

Coinmarketcap says Circulating Supply 2,513,749 ELIX, while elixirtoken.io/ 10,288,786 Elixir in Circulation so which one is correct?

I believe the counter on elixirtoken.io is correct as it pulls the number from the smart contract.

[cryptogaga]

Coinmarketcap says Circulating Supply 2,513,749 ELIX, while elixirtoken.io/ 10,288,786 Elixir in Circulation so which one is correct?

I believe the counter on elixirtoken.io is correct as it pulls the number from the smart contract.

Ok do you have idea of what the rate of inflation is?

[almg89]

Total supply growing fast the last days.
I hope some of them get dumped, I want some more Elix at 1000 sat or below.

today I can see only pump and dump traders. the price could be very fragile, be careful.

[Münzpräger]

Coinmarketcap says Circulating Supply 2,513,749 ELIX, while elixirtoken.io/ 10,288,786 Elixir in Circulation so which one is correct?

I believe the counter on elixirtoken.io is correct as it pulls the number from the smart contract.

Ok do you have idea of what the rate of inflation is?

There is no fixed rate. Whenever people create a batch on their genesis pairs the supply increases. There are 4113 genesis pairs. Each pair can create only 10 batches. The batch size increases every day so you can't really calculate exactly what the total supply will be.

However, we can play around with numbers a bit. There are 10 million coins currently. If we assume that all these coins were created when one batch created 1300 Exor/Elix then 769 genesis pairs have already been depleted.

Keep in mind that when the lending goes live there will be rewards involved for paying back the loans. These rewards will probably come from untouched gen pairs the dev holds and has reserved for this purpose.

[Tonton99]

Hey guys

I just want to understand everything correctly

If I cashout all my batch I will get 12 500 EXOR and then I can convert them to ELIX ?? I will have 12 500 ELIX..and the price is now at 0.05 $ so it means I will have around 600$  

IS MY MATHS CORRECT??!  

Almost correct. Today's batch size is 1325 Exor, so you would get 13250 Exor. The longer you wait, the bigger the batches will be.

How do you calculate the batch size over time?

[Klangburg]

Regardless of the updates on the new ELIX mobile lending app in a few days, there's an interesting coin dynamic happening within the trading environment on CoinExchange.io which is cooling off after some good trading success during end of August and through September 2017.  

It's Bitquence BQX, at time of writing on CoinExchange it's value is 16200+ approx Satoshis and cooling down from 6th Position Top 10 Volume.

If you look at the trade volume and activity of BQX around the 7 August 2017, it was hovering around 1500 sats or similar to the value ELIX is now (around 1300 sats) before it went parabolic to mid 20k's with a much, much larger circulating supply and total supply than ELIX.

Circulating supply is 71M approx, with a Total Supply of 222M.

It doesn't matter how good a coin is with its platform or features, all coins have to correct and cool down for a while after hard trading.

Elix with a low circulating supply and total supply by comparison and is only just warming up through what may be a growing Month of initial introduction activity on CoinExchange.IO.

I think traders will take a serious look at the low price and supply of ELIX over the next 7-days if ELIX volume remains stable above 15btc - 20btc daily.

I was about to say something similiar.

It seems that Coinexchange has a bit more P&D activities than other exchanges, which happened to other coins like ETHD, RUP, NTO and so on the last days.

It's a matter of time when it's ELIX turn. The difference to most of the other coins is, that ELIX shows a reliable base to grow on.

[bineva17]

Coinmarketcap says Circulating Supply 2,513,749 ELIX, while elixirtoken.io/ 10,288,786 Elixir in Circulation so which one is correct?

So does it mean the market cap should be 4 times bigger?

If the Circulating Supply increases quickly, tokens' price will be suppressed a lot.

[Münzpräger]

Hey guys

I just want to understand everything correctly

If I cashout all my batch I will get 12 500 EXOR and then I can convert them to ELIX ?? I will have 12 500 ELIX..and the price is now at 0.05 $ so it means I will have around 600$  

IS MY MATHS CORRECT??!  

Almost correct. Today's batch size is 1325 Exor, so you would get 13250 Exor. The longer you wait, the bigger the batches will be.

How do you calculate the batch size over time?

The formula is on the site and the WP I think. It will be 10k Exor/Elix per batch after 10 years. There's also a counter on the site that shows the current batch size.

[prix]

Hey guys

I just want to understand everything correctly

If I cashout all my batch I will get 12 500 EXOR and then I can convert them to ELIX ?? I will have 12 500 ELIX..and the price is now at 0.05 $ so it means I will have around 600$  

IS MY MATHS CORRECT??!  

Almost correct. Today's batch size is 1325 Exor, so you would get 13250 Exor. The longer you wait, the bigger the batches will be.

How do you calculate the batch size over time?

The formula is on the site and the WP I think. It will be 10k Exor/Elix per batch after 10 years. There's also a counter on the site that shows the current batch size.

Some times ago I read a TME contract: 5k is maximum. I think it's not changed in Elix.

[Münzpräger]

Hey guys

I just want to understand everything correctly

If I cashout all my batch I will get 12 500 EXOR and then I can convert them to ELIX ?? I will have 12 500 ELIX..and the price is now at 0.05 $ so it means I will have around 600$  

IS MY MATHS CORRECT??!  

Almost correct. Today's batch size is 1325 Exor, so you would get 13250 Exor. The longer you wait, the bigger the batches will be.

How do you calculate the batch size over time?

The formula is on the site and the WP I think. It will be 10k Exor/Elix per batch after 10 years. There's also a counter on the site that shows the current batch size.

Some times ago I read a TME contract: 5k is maximum. I think it's not changed in Elix.

You are right. I mixed up the numbers. It's 5k max.

[mmo4me.2016]

elixirtoken.io is number from the smart contract, coinmarketcap.com: this times in ELIX
but in http://elixirtoken.io/ : 10,358,074 Elixir in Circulation
I don''t know why?

[Tonton99]

Coinmarketcap says Circulating Supply 2,513,749 ELIX, while elixirtoken.io/ 10,288,786 Elixir in Circulation so which one is correct?

So does it mean the market cap should be 4 times bigger?

If the Circulating Supply increases quickly, tokens' price will be suppressed a lot.

Depends on the demand.
By now a lot of people are aware of Elix potential and looking for a nice entry.
With the increased amount of tokens to be traded comes an increased demand as well. Once the dumpers left the way is paved to move up in price to $0.50 at years end (probably higher)