Elysian — Recent Progress Update
It has been a very eventful first 6 weeks after the completion of Elysian’s Token Generation Event. The project has been moving at a solid pace and we have been able to accomplish a lot, given the fact that the market is in such poor condition right now. This is extremely important though, because once the market begins to turn around, we put ourselves in a position to flourish and grow at a rate that can possibly even be exponential.
The first aspect to be highlighted will be exchange listings for our token, ELY. Often times it can be difficult to find liquidation options for the community. Our plan has always been to target middle-sized exchanges for the first 3–6 months of our existence to develop a strong initial foundation for the trading of our token. The reason for this is because we understand that the top 5 exchanges in the industry, for example, strictly look for projects that have been in existence for longer and are slightly more established. We are currently heading in this direction, but strategically it makes more sense to target other exchanges for the time being, while we continue development and other aspects of the project.
So, this is precisely what we have done. We have executed this plan very well so far, having confirmed the following exchanges all in less than 2 months since the end of our token sale:
*BitForex
*HotBit
*QRYPTOS
*Mercatox
*CoinExchange
*IQFINEX
*YoBit
*Stocks.Exchange
*IDEX
*Enclaves
While some of these exchanges are not high volume, they provide very good initial traction for community trading and discussion around the token, while we make the necessary steps to begin targeting the top exchanges in the industry. We are very content with this progress in just 6 weeks time. We do understand that liquidity is very important to the blockchain community, and we are well aware that community members are focused on Elysian being listed on the big name exchanges. This does take time, and we are well aware of this. Rest assured, we have a plan in place that will be executed to perfection when the time is right.
In addition, one of the primary objectives of Elysian is to increase the utility and popularity of ELY, aside from it just being used within our platform and in the forum. By doing this, we help the token to go mainstream and be multifaceted to incentivize people to both use it to transact and to hold, whether it be in our mobile wallet or in digital asset wallets.
Elysian has formulated an effective strategy for this as well, targeting digital asset wallets to integrate ELY in for storage, asset transfer, and portfolio tracking, to name a few benefits. This is the initial step to increase exposure of ELY to the blockchain community, aside from exchanges, which places our project in the company of some of the elite projects in this industry. The following wallets are confirmed to hold, or are already holding, ELY inside:
*Guarda
*imToken
*IQFINEX Wallet
This is a good foundation to build on as we focus on other aspects of the plan, such as having ELY usable in Ecommerce sites aside from the ones launched on our platform. We envision a future where ELY is not only the most widely used token in the blockchain space, but is also used within the entire realm of Ecommerce.
Lastly, the project has been working on development for a few different things at once. The closest roadmap milestone approaching is the release of our mobile wallet, which is currently in development. This wallet will have various features to appeal to users. They will have the ability to manage their portfolio, store and transfer assets to and from the Elysian platform, read recent blockchain news, and engage in the forum as well. The mobile wallet serves as a vital gateway to the platform itself and will be an important factor, especially regarding asset transfer. Users can transfer assets to the platform to then transact for goods and services in merchants’ stores. In addition, they will be able to swap to whichever currency they desire to provide the ultimate convenience. This really exemplifies the wallet’s versatility.
Elysian is also in the process of launching an independent listing platform called CryptoVerse, which will be powered by the Elysian project, meaning that Elysian controls the operations of CryptoVerse. CryptoVerse will be one of the more unique platforms in the industry because it aims to expose fraudulent activity, mostly with projects and advisors, to help clean up the industry, which it desperately needs. New blockchain projects will be able to list their project on the platform to help gain exposure to the public and to grow their community. In addition, they can receive the benefits of several services available to allow each project to progress in their goal of reaching their hard cap and expanding the project. The services are provided specifically because the Elysian team has completed this process and understands what it takes to survive in a difficult market. There are many traps that are a waste of time and money, and a lot of deceit and fraud in this industry, so projects must tread carefully. We have the experience to know what will work to really help these projects get a leg up on their competition. CryptoVerse will solve several issues in the industry to help the popularity and reputation of blockchain grow. Ideally, we expect it to clean up the market and then have others follow suit. If this occurs, we can be sure that an improved reputation will result in lots of new money flowing into the industry.
The aforementioned facts are proof that despite the tough bear market, tasks can still get accomplished. This should be a reminder to the reader and investor to do due diligence on the projects that you choose to support because in this industry a lack of preparation can be dangerous. The only way to survive in these conditions is to continue to work hard, achieve your goals, and do everything in your power to help the project progress in a positive direction while the market begins to recover. This ultimately is what will help determine the success of projects. Elysian has been heading in a positive direction for a while now, and we expect this to continue moving forward. We acknowledge that it’s a marathon, not a race, and that the necessary steps must be taken along the way to continue on the proper path to improve our position in the industry and to overtake the competition. We know how to accomplish both.
About Elysian:
Forum https://forum.elycoin.io
Website https://elycoin.io
Telegram https://t.me/elysian_ely
Whitepaper https://elycoin.io/whitepaper/english
Reddit https://www.reddit.com/r/Elysian_ELY/
Twitter https://twitter.com/Elysian_ELY