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

[Münzpräger]

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[1714989085]

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[1714989085]

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[FandangledGizmo]

Will individual borrowers taking ELIX loans be required to provide collateral like LEND or will they be expecting to receive loans with no blockchain collateral but just based on trust and other evaluation metrics? Thanks

[SHBlizzard]

Will individual borrowers taking ELIX loans be required to provide collateral like LEND or will they be expecting to receive loans with no blockchain collateral but just based on trust and other evaluation metrics? Thanks

Both. Initially, i believe there will be no collateral, until Devs get the legal aspects sorted out

[Klangburg]

As people continue to ask what ELIX' biggest advantage is, I was thinking about it again more deeply.
I think I finally understood what your approach is, but as long as the finalized math isn't there, it's almost impossible to recognize the whole thing.

So just a simplified example of what is about to come within the lending functionality - correct me if I'm wrong:

Let's say A lends 100 ELIX to B with a set timeline of 1 week (if it's paid back in time, A receives 65% and B 35% of the reward pool of Token P for this lending scenario).

So far so good. But there's way more to see, isn't it?

B can immediately use these 100 ELIX which he lent out from A to lend it out himself.
B->C & D, both is set to 50 ELIX and 6 days.
After 6 days, both C & D pay back the lent 50 ELIX to B, receiving 35% of the reward pool, while B gets 65% of it.

Now B has another day left to pay back the initially 100 ELIX to A and by doing so, he gets another 35% of these reward shares, while A receives 65% in this case.

This could go by far much futher if i.e. in the meantime A lends out from Z, receiving another 35% of the shares from Token P or C & D can theirself lend out their borrowed ELIX and so on.

All in all, one can say you similarly "stake" ELIX by lending it to B,C,D,..,Z back and forth.
The more you lend or lent out, the more you get - tell your family and friends (you personally know, they've got the money to pay you back) and be your own profit generating environment with your socials, just by using the App as mentioned before.

In the process, normies like your father or mother who aren't familiar with crypto anyhow, can easily purchase the needed amount within the FIAT<->ELIX gateway of the App, what apparently makes ELIX mainstream.

Besides that, the hyperbolic mining process of Token P is more or less a marketing tool which will lead a lot of people adopting the app from the very first hour (benefiting early adopters).

Moreover, it's like halving the block size over time, which in first sight reduces the reward pool, but by having wide useage it's also like a guarantor for appreciation (ELIX/Token P) and further increase of value like i.e. bitcoin itself has performed over years now.

See the bigger picture here. It's all about incentives. It's the 'lending game' of tomorrow.

[FandangledGizmo]

Will individual borrowers taking ELIX loans be required to provide collateral like LEND or will they be expecting to receive loans with no blockchain collateral but just based on trust and other evaluation metrics? Thanks

Both. Initially, i believe there will be no collateral, until Devs get the legal aspects sorted out

I can see the potential to lend to ICO’s without collateral so the fact that they’re focusing on that first makes a lot of sense.

However crypto speculators using collateral to take leveraged bets on the direction of the market is the biggest lending application in crypto and is already hugely popular on centralized exchanges, BitFinex, Poloniex etc. so it makes sense that LEND is focused on offering a Decentralized version of that and I hope ELIX will too.

(Otherwise you have to get into credit ratings etc. or a trust based model like TRST which is only 1/5th value of LEND despite being around twice as long.)

[12jeffy12]

hello,dev,I want know I had add 2 contract in my ETH address.
but I only have the EXOR but don't have ELIX.
what should I do?

[ElixirDev]

Will individual borrowers taking ELIX loans be required to provide collateral like LEND or will they be expecting to receive loans with no blockchain collateral but just based on trust and other evaluation metrics? Thanks

Both. Initially, i believe there will be no collateral, until Devs get the legal aspects sorted out

I can see the potential to lend to ICO’s without collateral so the fact that they’re focusing on that first makes a lot of sense.

However crypto speculators using collateral to take leveraged bets on the direction of the market is the biggest lending application in crypto and is already hugely popular on centralized exchanges, BitFinex, Poloniex etc. so it makes sense that LEND is focused on offering a Decentralized version of that and I hope ELIX will too.

(Otherwise you have to get into credit ratings etc. or a trust based model like TRST which is only 1/5th value of LEND despite being around twice as long.)

Decentralized collateral can easily be accomplished by a third smart contract. We recognize that there is demand for such a feature, and that it can function as a bridge until identity/accountability solutions are developed. I imagine we’ll begin prototyping/testing a collateral smart contract in the near future. We’ve had some preliminary discussions about how it would be engineered.

We think distributing a mobile version of what you describe would make our product more attractive and accessible.

This is a feature in the later stages of our roadmap that we’ll approach and examine as we get our initial platform off the ground.

[-doubleU-]

hello,dev,I want know I had add 2 contract in my ETH address.
but I only have the EXOR but don't have ELIX.
what should I do?

When you have generated 1-10 Batches (i think you have a Genesis address pair) and you want convert your EXOR to ELIX, send EXOR to the ELIX address: 0xc8C6A31A4A806d3710A7B38b7B296D2fABCCDBA8
Please Note that you must hold back a small amount of EXOR to generate additional Batches.

[Marci775]

Good article about Elix and how it works on Reddit:

https://www.reddit.com/r/CryptoCurrency/comments/80cxaf/p2p_lending_game_of_tomorrow/

[Alohaboy?!]

hello,dev,I want know I had add 2 contract in my ETH address.
but I only have the EXOR but don't have ELIX.
what should I do?

When you have generated 1-10 Batches (i think you have a Genesis address pair) and you want convert your EXOR to ELIX, send EXOR to the ELIX address: 0xc8C6A31A4A806d3710A7B38b7B296D2fABCCDBA8
Please Note that you must hold back a small amount of EXOR to generate additional Batches.

But every initial Time holder did receive Elix token to generate batches too right? or did everyone receive EXOR?

[-doubleU-]

Yes, Elixir is Timereum V2 , an improved Timereum and all TME Genesis address pair holder receive an equal amount of EXOR as TME in the Wallet to generate Batches or change into ELIX. All EXOR/ELIX Token on the market comes from Genesis addresses.

[ElixirDev]

[Marci775]

hello,dev,I want know I had add 2 contract in my ETH address.
but I only have the EXOR but don't have ELIX.
what should I do?

When you have generated 1-10 Batches (i think you have a Genesis address pair) and you want convert your EXOR to ELIX, send EXOR to the ELIX address: 0xc8C6A31A4A806d3710A7B38b7B296D2fABCCDBA8
Please Note that you must hold back a small amount of EXOR to generate additional Batches.

But every initial Time holder did receive Elix token to generate batches too right? or did everyone receive EXOR?

TME (Timerium) Genesis (Airdrop): the Genesis Adresses  (around 4100 ) was 1to1 converted to EXOR. If 3 Batches with TME was mined then 7 Batches EXOR are left-Then 1to1 change from EXOR to ELIX
TME (Timerium) Holders:  TME was 1to1 converted to EXOR and then 1to1 change to ELIX

[YouShallNotPass]

Here's an another great update from Elix team which mainly focus on the Boost platform. If you missed it here's the link: https://medium.com/@elixirtoken/design-and-development-progress-a578eb83e25a

[parker423]

Can I send the tokens to Myetherwallet?

[cygan]

Can I send the tokens to Myetherwallet?

yes, you can.
you need to add ELIXIR (ELIX) to your own MEW.

Token:               ELIXIR
ERC20 Contract:    0xc8c6a31a4a806d3710a7b38b7b296d2fabccdba8
Token Decimals:     18

[akk40d]

Damn, so mad I found this project just now. This thing has such a potential growth, I just wonder how this project is still so undervalued Seriously, people should start looking in alt coins too, not only the prices of the top20 tokens. Blockchain is not only Bitcoin and ETH Wish this project to develop to the point I can imagine it grow, as I am not really that in-depth still, and supposedly in time it also to bypass it

I'm also finding it later on. In the t-gram channel it's realized that the aggressive marketing campaign will occur upon public app delivery.
It seems like a great small cap with milestones in line with the roadmap. Dev weekly updates are quality and get posted like clockwork. There are also a lot of the other crowdlending/crowdfunding issues addressed in the WP.

[Anzacka]

I'm still holding back on generating any batches. Can't wait to see what happens once the app is released to the public.

its truly amazing how many people have held onto their batches.... their has always been a lot of Fatih from day 1 with elixir

This is true. On the other hand, well over half the batches have already been mined, so the final supply of Elix is going to be pretty darn low.

I for one haven't mined a single batch of my genesis pairs and do not intend to for...a long, long time!

All of the community growth and marketing has been organic, driven by the community. The development team have done nothing but work on the product and release weekly updates. This says a lot for the faith we have in them, which itself says a lot for their competence.

This is the best long hold in the entire crypto market if you're in now.

[dllhg]

I'm still holding back on generating any batches. Can't wait to see what happens once the app is released to the public.

its truly amazing how many people have held onto their batches.... their has always been a lot of Fatih from day 1 with elixir

This is true. On the other hand, well over half the batches have already been mined, so the final supply of Elix is going to be pretty darn low.

I for one haven't mined a single batch of my genesis pairs and do not intend to for...a long, long time!

All of the community growth and marketing has been organic, driven by the community. The development team have done nothing but work on the product and release weekly updates. This says a lot for the faith we have in them, which itself says a lot for their competence.

This is the best long hold in the entire crypto market if you're in now.

That is good to hear,  I wasn't even aware that the number was going to go down . Hit .28 today briefly.  Grabbed a decent amount today at .33 and .35.  For a coin that was nearly 10X its current value it is hard not to keep buying.  I bought 90% at .05.  A good amount more when it was .25 before the bull run.  Only wish I had sold half at its peak.  would have a lot more Elix now if I did. 

Elix should be able to 50X easily this year.  Would still only be a 500 mil market cap.

[ElixirDev]