The team was focusing pretty exclusively on development up to this point, so I bet most of you didn't hear/read much about it yet.
ConceptELIX was unlike most other cryptocurrencies not issued through an ICO - it was airdropped as ERC-20 Token to so called genesis address pairs (= 2 Ether addresses), meaning those who participated, received 1 EXOR on the "child address".
By sending some non-zero amount of this EXOR to the "parent address", the smart contract sends back 1 batch of the current mining size in ELIX automatically to the child address. Each genesis pair can mine 10 batches in total.
The longer the genesis hodler wait with mining it, the more they'll get. This way, all existing ELIX are mined through self-mining over time.
Find the stats regarding circulating supply, minimum and maximum total supply on their website.
What's it about?Elixir is an Ethereum-based token, that will allow users to make payments, create/request loans, and crowdfund projects using our platform and Ethereum’s smart contract technology.
Elixir is superior to traditional payments, lending, and crowdfunding systems due to its trustless and immutable nature. Unlike non-blockchain solutions, Elixir is built on the decentralized Ethereum network. Blockchain implementations prevent any entity from changing users’ financial information, eliminating the need for a user to trust an unknown entity with their personal assets.
Read the full Whitepaper at
https://www.elixirtoken.io/ElixWhitepaper.pdf
HistoryWhen it got listed on the first exchange (Coinexchange) last october, some hype sorrounding ELIX took it to it's first high, but without any real fundamentals in regards of development at that time.
High at 0.00009116 BTC || $0.38At the same time, the team decided to provide the community weekly updates on their progress - this lasts until today and can be seen on Medium or in their Updates Channel in Telegram
https://t.me/ElixirUpdatesUntil January 2018 they've worked in silence and stayed anonymous, but with the release of their revamped website, they decided to go public with their identities, which caused (besides the overall alt bull run at that time) the previous high.
High at 0.00017134 BTC || $2.45We all know what happened after this enormous bull run; the price kept falling and falling.
Low at 0.00001833 || $0.12Nevertheless they continued working pretty hard on their prototype and finally did some successful in-house testing of their working alpha version.
Have a look for their public github, but in order to protect their own business, you won't find everything there yet.
In early April they finally went live with the closed Beta stage and since then more and more invites are sent out to iOS users.
Since then the community as well as the price is growing organically.
Currently trading at 0.00005348 BTC || $0.44 || Market Cap $13 MM
What comes next?According to their latest news, after some minor bug fixing and with the next build being deployed, Android users will receive their invites starting later this week.
Until now, everything is in testing mode, so all transactions made in the app aren't done with real ELIX/ETH, but with "faked" ones. They plan to switch from Ropsten to Ethereum Blockchain in few time.
The public release of their working product is scheduled for late Q2, so counting from today somewhat in less than 6 weeks.
Up to this point, they delivered always in-time what they initially stated in their roadmap, so I'm pretty sure they'll hit this target as well.
Furthermore, they've expanded their development team recently and also engaged an external PR agency to roll out some marketing as the development continues.
This context is remarkable - there hasn't been any single effort for marketing yet!
There are many, many more exciting features to explore, but this would certainly blow up this post, so you better start doing your own research now.
Moreover I won't name any figures in terms of price speculation at this point. This Post should summarize all the facts that are publicy known so far.
It's up to you what you think about it.
If you want to receive early access for their application, make sure to submit your details at
https://www.elixirtoken.io/
Note: I'm both genesis Hodler as well as investor of ELIX since day 1 and have the Beta on my iPhone since a few days now.
