Elysian- Decentralized Platform to Build eCommerce Website on Blockchain

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Statistics show that the modern customer starts their shopping online and Elysian is looking to develop a decentralized platform where ecommerce websites can be built on blockchain. The platform seeks to enhance trust between individuals and ecommerce businesses by using the platform to create an unprecedented user experience and secure data storage.

This platform, when properly executed, will present an ecosystem for healthy growth and sustainability of the ecommerce market. A proof-of-authority will present the Elysian ecosystem with a private blockchain to store the encrypted credit card information and the customers’ personal information over a secure distributed network. The ecosystem will include virtual reality and artificial intelligence, which will provide an intimate shopping experience akin to that found in the brick and mortar stores. The company is issuing a token sale to help meet the milestones highlighted in their roadmap.

Elysian Token Features

  • Token name: Elysian Token (ELY)
  • Token type: ERC20
  • Payout: ELY tokens will be sent to your ETH wallet
  • Total ICO supply: 1,000,000,000 ELY
  • Minimum transaction amount: 10,000 P2P
  • Pre-ICO period: April 16 – June 3, 2018
  • ICO period: June 8 – July 8, 2018
  • Hard cap: $19 million
  • Accepted cryptocurrencies: ETH

ELY Token Prices and Distribution

The ICO period will have three phases each with its own prices

Phase 1 June 8 – June 24, 2018 $0.08
Phase 2 June 25 – July 1, 2018 $0.10
Phase 3 July 2 – July 8, 2018 $0.12

There will be 250 million starting supply by the end of the token generation event and this number is expected to change depending on the amount of the growth pool. This is how they will distribute the 1 billion tokens minted

  • Growth pool – 35%
  • Held by Elysian – 30%
  • Crowd sale – 23%
  • Team – 10%
  • Bounty – 1%
  • Referral – 1%

Funds Allocation

The target of the token generation event is to raise $19 million and they will allocate the funds as follows

  • 40% – Research and development
  • 30% – marketing and strategy
  • 20% – Reserve
  • 5% – Legal
  • 5% – Partnerships

Elysian will launch their official mobile wallet for both Android and iOS mobile devices on the fourth quarter in 2018. The next major event according to the road map will be the launch of the official Elysian platform in 2019, and the integration of AI into the ecommerce platform will be in the fourth quarter of 2020.

The Team

The team is made up of cryptocurrency and ecommerce experts and they envision a future where the Elysian platform is the epicenter of a new ecommerce model based on the blockchain. Leo Ameri is the founder and CEO at Elysian and leads an eleven-member team. His subordinates include a community manager, a designer, a marketing consultant, a UI/UX designer, a corporate secretary, a blockchain engineer, head of strategic partnerships, a CBDO, a CMO, a CFO, and the CTO.

Final Verdict

The ecommerce market is a multi-trillion dollar industry and there is need for better security and user experience. Elysian has the best solution so far, and contributing to their ICO will bring their vision to fruition. You can read more on the company and the intended solutions on their whitepaper. You can only participate in the ICO by signing up on the official website. You can share your views on Twitter, Telegram, ANN and Bounty thread with other contributors.

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