"We only need your money, nothing more"; if only we were careful and attentive enough, then maybe we would have seen that, that was the song many project owners were singing when they launched their ICO campaigns. Hard-earned money lost to scammy projects. Lessons learnt. Now it seems that investors have turned their back on Coin Offerings.
"I lost over 1.5 million naira to ICO in the last two years. Now my wife has forbidden mentioning that acronym in our home", a friend of mine said to me few months ago. 1.5 million naira? That is roughly 4,200 USD! A huge sum of money even outside Nigeria. In all honesty, that is just a tip of the iceberg with regards to what has been lost to dishonest projects in the past couple of years.
Project owners sit somewhere with decorum, watch as investors; deceived by the catchy project plans pour in their money and then disappear with people’s hard earned money. Even some successful campaigns did not bother to aid mass adoption of their tokens. In the end, the enthusiastic investors are left to face the music.
Elitium's partnership with one of the leading cryptocurrency exchanges, BitMart saw the emergence of a new star - a coin listing model where tokens work together with exchanges to create exclusive campaigns that bring about community-building incentives. This new model, unlike ICO gives investors peace of mind over their money as exchanges have their reputation to protect and will only partner with coins that serve real purposes.
What is more, most of the failed projects introduced through ICO had no real use-cases. The idea was for investors to buy the tokens at low prices, assuring them that the tokens value will pump once the coins get listed on exchanges. At the end, only a few of them get listed and even these few do not get required efforts to spark mass adoption from their owners. That is not the case with this new method introduced by Elitium.
Can this new listing drive mass adoption? Let's take a look at this together.
The Elitium-BitMart partnership creates giveaway bonuses to first adopters. The bonus campaigns do not stop other reward programs created to reward all Elitium users (i.e. the Loyalty programs that will benefit luxury consumers and the Staking Program that is created to generate remuneration for investors).
There are two phases of bonus available for the early adopters of EUM, the Elitium token. The first has 15,000 EUM prepared to be shared among the first 100 users to deposit up to 2 ETH. That makes 150 EUM per user. The second phase has to do with lottery draw and it is for the overall top 50 users with the highest ETH deposits. These 50 people stand a chance to win extra EUM which ranges from 500 to 5,000 EUM.
So in a nutshell, these campaigns are mainly to benefit early adopters. Users can choose to use these remunerations to access luxury lifestyle goods and services (for example, renting/purchase of a luxury yacht) or withdraw it to their bank account directly after conversions to fiat with the aid of Elitium's Online ATM. What other method do you need to pull fast mass adoption for a new coin that has many tangible use-cases!? Now, that is not all.
There are three other features that prove that Elitium means business; they are not here to play. These features will also aid mass adoption of this coin and we will discuss each of them briefly.
The idea of Elitium came from Boatsters, one of the largest luxury enterprises in the world commanding around 12,000 yachts in over 60 countries. Now tell me, would they tarnish their image by giving an empty project?
Boatsters is a highly reputable yacht company that has built name for themselves since they came into the luxury sector in 2015. Such a well-known enterprise cannot be here to dupe coin investors.
As highlighted earlier, big exchanges like BitMart would only partner with projects that have well-known founders. This gives them assurance that whatever it is that they are taking part in will benefit all the parties involved; not some random project owners aiming to scam investors. Remember that this new coin listing method has to do with creating bonus campaigns that benefit early adopters.
EUM fuels an era-defining innovation in the luxury sector. A tangible use-case!
Unlike several tokens launched through ICO campaigns without tangible purpose to serve in the economic world, EUM powers Elitium; an innovation that seeks to bring all luxury brands across the globe together, connecting them to the consumers and allowing transactions and other operations to be done using a common token.
To get the real picture here pretty well, you need to understand the problems that have been facing the luxury industry for years and how Elitium has come to its aid by providing the much-needed integrated solutions that centralizes the sector using a decentralized system - the blockchain technology.
There are many remuneration programs that will attract mass adoption and yet, coin hodling to make Elitium a strong network
While luxury lifestyle fanatics are earning extra free EUM for purchasing goods and services on Elitium worldwide marketplace through Loyalty Programs, die-hard cryptocurrency investors who are used to coin hodling mine EUM monthly just by having balance in their wallets through the EUM Staking Program. These programs are available for all users regardless of their membership status. We all know how coin hodling can maintain stability and reduce volatility in the market and as well make the network strong.
Elitium is not like any other project you have heard about on blockchain technology before. This is unique. This is a massive project that involves a lot of resources and money on the line. The whole concept is built around their native coin; EUM. With the community built around it, it is one lucrative project to invest in. When their cross-platform app is finally launched before the end of 2019, the early adopters will be the ones to gain the most.
The Elitium-BitMart partnership is the door that leads to many opportunities. Learn about the details of the giveaway here.
More readings:
- A Deep look Into EUM Staking Program And Its Benefits To The Luxury And Cryptocurrency Industries
- Elitium: Transforming The World Of Luxury
- How Elitium Solves The Problems Associated With Luxury Lifestyle
- EUM - The Elitium's Native Token
- The Elitium Lifestyle App
Links and sources:
Disclaimer
The information contained here shall not be used as a guide in your next crypto trade. The writer is not a financial advisor but a crypto trader just like you. Information presented in this blog is for educational use only.