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

[JimHanson]

The recovery process actually was announced on our social channels. In an effort to rebrand ELIX, the Twitter post detailing recovery was more recently removed after completion of the recovery process.

We do believe we have a strong case against NovaExchange for why their engineering negligence and lack of communication stranded TME.

Is there anything you can do to help us?

[ElixirDev]

The recovery process actually was announced on our social channels. In an effort to rebrand ELIX, the Twitter post detailing recovery was more recently removed after completion of the recovery process.

We do believe we have a strong case against NovaExchange for why their engineering negligence and lack of communication stranded TME.

Is there anything you can do to help us?

Not at the moment. If something changes, we'll let you know.

[JimHanson]

The recovery process actually was announced on our social channels. In an effort to rebrand ELIX, the Twitter post detailing recovery was more recently removed after completion of the recovery process.

We do believe we have a strong case against NovaExchange for why their engineering negligence and lack of communication stranded TME.

Is there anything you can do to help us?

Not at the moment. If something changes, we'll let you know.

Thank you.

[fonship]

The recovery process actually was announced on our social channels. In an effort to rebrand ELIX, the Twitter post detailing recovery was more recently removed after completion of the recovery process.

We do believe we have a strong case against NovaExchange for why their engineering negligence and lack of communication stranded TME.

Is there anything you can do to help us?

Not at the moment. If something changes, we'll let you know.

Good to see an official response, I can see there are many sides of this story. I am ok with whatever Dev decide. But I don't see a single benefit for letting investors stuck with Nova. Amount of TME in Nova is way less than 1% of current supply, so even if it is included, it will not impact token negatively.
But on flip side, if somehow this situation is resolved with some mutual solution whatever it may be, it will keep those stuck supporters and if Dev can negotiate with Nova for Nova's mistake and get Elix listed on Nova for free, it will benefit Elix.

I think contract is locked so not sure how dev can resolve this but lets not only discuss this issue and allow others updates to come in so that we can attract more investors.

[thang long]

Both sides (I am on the side of "take care of your self") have something to say.

It is rather shitty to read about Jim's story as annoying it is to read about Y's story. Dev team also has a good stance on their communication, which was at the very least good enough. That goes for Jim's story as Y's. If you invest either your pension, or for your employer's money you need to be careful.

That being said. elixdev, is there an update?

[forensick]

I have a serious question here - what are the key differences between Elix and Blockmason and Coinloan? 

[stupid_seb]

I have a serious question here - what are the key differences between Elix and Blockmason and Coinloan? 

Drop a pinch of SALT as well 

Elix is 50x cheaper than salt.
Their algorithm is interesting -> RTFW

[onlytemporary]

How many Genesis Pair holders have yet to create a batch? I haven't yet. Not sure how much longer I will hold off.

[musclepump]

How many Genesis Pair holders have yet to create a batch? I haven't yet. Not sure how much longer I will hold off.

Theses stats are on the website under "stats"

[onlytemporary]

Thanks, I didn't even think of looking at the website. So, it looks like almost 50% have already been mined. If that is a true statement, I'm a bit surprised that so many have already mined.

[lx001]

Thanks, I didn't even think of looking at the website. So, it looks like almost 50% have already been mined. If that is a true statement, I'm a bit surprised that so many have already mined.

Well, this is what you would expect from an airdrop. But you should remember that mined coins does not always mean sold coins.
I like this concept, you wait more - receive more, but in my opinion 10 years is way too much for a 4x gain in coins (12500 - 50000). I think it would be much more interesting if the starting point was 0 coins and you would earn 5000 each year, everybody would hold because only an idiot would dump right in the beginning. But on the other hand there are more coins in circulation right now and for those, who did not participate in the airdrop, it is much easier to join

[Coiner_]

How many Genesis Pair holders have yet to create a batch? I haven't yet. Not sure how much longer I will hold off.

It'd be great for genesis address holders like me if you don't hold off since the sooner you hatch your batches the lower the max supply in the end. A lower max supply (even though 135M is not exactly huge) can only be good.

Thanks, I didn't even think of looking at the website. So, it looks like almost 50% have already been mined. If that is a true statement, I'm a bit surprised that so many have already mined.

I can't wait till it reaches 75%. Hopefully the next rise can get it close to that and drop off the remaining weak hands.

[thang long]

Why is having a lower max supply good?

I asked myself the same question when dev team told in the ama that there will/ could be a conversion for, for example, 0.5 rate with a new coin.

While I understand the basics of this and can see that less coins = scarcity = higher price, I fail to understand the usability when the lending app is out. Isn't it better to have more coins with lower value in this case?
For this next situation this example:
- in the case of lower supply, 1 ELIX equals 10 EURO
- in the case of higher supply 1 ELIX equals 20 EURO cents

For example I meet a friend for a movie night at his house. I drive my car to his place, he calls me to bring in a few six packs. He loans me X amount of ELIX/ new coin for that. Let's be positive and say 1 ELIX for 10 EUR, so he sends me 1 ELIX.

I convert this ELIX to ETH and withdraw into fiat using whatever: btc ATM, crypto creditcard, you name it.

But..... because of the low supply this 1 ELIX is worth 10 EURO. So I will get that 10E. The 12 beers however are worth 6.68 EURO. The remaining 3.32 EURO would be untouched.

For this, isn't a higher max supply better? For example in this case 1 ELIX is 20 cents.
I could tell my friend while driving, that I need to be send around 7 EURO in ELIX. Also considering fees.
So this means 35 ELIX --> 35 x 20 cents = 7.

Wouldnt this be cheaper in the end?

Just shoot holes in my thinking, guys. What do you think about this?
If I fail to understand, pls tell me. Will study more and better.

[Münzpräger]

Thanks, I didn't even think of looking at the website. So, it looks like almost 50% have already been mined. If that is a true statement, I'm a bit surprised that so many have already mined.

Well, this is what you would expect from an airdrop. But you should remember that mined coins does not always mean sold coins.
I like this concept, you wait more - receive more, but in my opinion 10 years is way too much for a 4x gain in coins (12500 - 50000). I think it would be much more interesting if the starting point was 0 coins and you would earn 5000 each year, everybody would hold because only an idiot would dump right in the beginning. But on the other hand there are more coins in circulation right now and for those, who did not participate in the airdrop, it is much easier to join

I share your view. At the beginning of time Timereum the dev didn't already have plans for the lending service yet. It was more of an experiment regarding how long people would wait to create their batches. I think if the devs were to create a new token today they would change the formula quite a bit.

Why is having a lower max supply good?

I asked myself the same question when dev team told in the ama that there will/ could be a conversion for, for example, 0.5 rate with a new coin.

While I understand the basics of this and can see that less coins = scarcity = higher price, I fail to understand the usability when the lending app is out. Isn't it better to have more coins with lower value in this case?
For this next situation this example:
- in the case of lower supply, 1 ELIX equals 10 EURO
- in the case of higher supply 1 ELIX equals 20 EURO cents

For example I meet a friend for a movie night at his house. I drive my car to his place, he calls me to bring in a few six packs. He loans me X amount of ELIX/ new coin for that. Let's be positive and say 1 ELIX for 10 EUR, so he sends me 1 ELIX.

I convert this ELIX to ETH and withdraw into fiat using whatever: btc ATM, crypto creditcard, you name it.

But..... because of the low supply this 1 ELIX is worth 10 EURO. So I will get that 10E. The 12 beers however are worth 6.68 EURO. The remaining 3.32 EURO would be untouched.

For this, isn't a higher max supply better? For example in this case 1 ELIX is 20 cents.
I could tell my friend while driving, that I need to be send around 7 EURO in ELIX. Also considering fees.
So this means 35 ELIX --> 35 x 20 cents = 7.

Wouldnt this be cheaper in the end?

Just shoot holes in my thinking, guys. What do you think about this?
If I fail to understand, pls tell me. Will study more and better.

You have to take into account the decimals. You can split up Elix into fractions so that you could, for instance, send 1.4356467 Elix to make it exactly the fiat value you need.

Supply is mostly irrelevant with 18 decimals. It's just that traders are always interested in holding a bigger share of the cake which allegedly is easier to achieve if there are fewer coins.

[ElixirDev]

[yesiam6]

Thanks, I didn't even think of looking at the website. So, it looks like almost 50% have already been mined. If that is a true statement, I'm a bit surprised that so many have already mined.

it's good for longterm holders and should be good for the price too because the max supply will be a lot lower
if a lot of people have already mined their batches of elix

[bitekoin]

The recovery process actually was announced on our social channels. In an effort to rebrand ELIX, the Twitter post detailing recovery was more recently removed after completion of the recovery process.

We do believe we have a strong case against NovaExchange for why their engineering negligence and lack of communication stranded TME.

Is there anything you can do to help us?

Not at the moment. If something changes, we'll let you know.

Hopefully, give more exposure than last time, learn from mistakes. I'm surprised only 31 people showed up for TME conversion.

[paul328]

Greetings all,

This is my first post but I have been following Elixir for a while and have bought up a few thousand Elixir for a long term hold. I'm thinking of buying up some more but might wait until the Devs have finished the new website and announced themselves.

Looking at the Elixir Road Map, as well as other possible upcoming news, what do you think the potential high's and lows will be when the following happens. (Presumed order of events though I may be wrong)

1. The website is finished and the Devs have announced themselves?   

2. If/When Elixir is listed on more reputable exchanges?

3.  Elixir Mobile App Public Release
Late Q2 2018?

4. Elix Web App Public Release
Q3 2018?

Thanks

[fastfalcon94]

The recovery process actually was announced on our social channels. In an effort to rebrand ELIX, the Twitter post detailing recovery was more recently removed after completion of the recovery process.

We do believe we have a strong case against NovaExchange for why their engineering negligence and lack of communication stranded TME.

Is there anything you can do to help us?

Not at the moment. If something changes, we'll let you know.

Hopefully, give more exposure than last time, learn from mistakes. I'm surprised only 31 people showed up for TME conversion.

Yeah. At least this answer provides a little bit of hope though. I'm assuming that when Dev connected to NovaExchange via the API they checked the balances, sent the new coin to the myetherwallets, and then burned that users TME on Nova? Otherwise if they do try to help us in the future with Nova's help, the people they already helped could potentially double up. If they didn't burn the coin they'd have to try and exclude those people (maybe by coin amount in the spreadsheet). Or if Nova somehow took the coin out of maintenance mode and didn't leave it in a "withdraw" only state, other people could potentially buy TME for cheap based in hopes to cash in on a conversion. Anyways I'll remain hopeful and try to check in once a week now vs once a month.

[hannusolo]

Greetings all,

This is my first post but I have been following Elixir for a while and have bought up a few thousand Elixir for a long term hold. I'm thinking of buying up some more but might wait until the Devs have finished the new website and announced themselves.

Looking at the Elixir Road Map, as well as other possible upcoming news, what do you think the potential high's and lows will be when the following happens. (Presumed order of events though I may be wrong)

1. The website is finished and the Devs have announced themselves?   

2. If/When Elixir is listed on more reputable exchanges?

3.  Elixir Mobile App Public Release
Late Q2 2018?

4. Elix Web App Public Release
Q3 2018?

Thanks

Well, the development for the new webpage has just commenced a few days ago. I think, will be ready in maybe a month? Just a rough guess.

First I think a ready product should come, with decided lending parameters, than new exchange and markting. After the mobile wallet, the web app shlould come soon IMO.