Say goodbye to pumps and dump scambait coins. No more 30 - 40% price fluctuations. No more Reliance on third-party exchanges or intermediaries to make and create valuations based off of user participation. Elysium (ELSM) is going to turn the banking World on its head. It's a revolution! The problem with completely decentralized cryptocurrency is eventually the exchanges will centralize the valuation methodology using traditional stock market analytics. Elysium has broken the mold!
The Elysium core Developers came up with an ingenious way to instantly create value using a "preemptive consensus valuation" (PCV) methodology. That's why they are the world's largest private blockchain in terms of market capitalization. Their methodology is still decentralized; however, in their terms of service ELSM set up a community of self-governing participants that agree on the same underlying valuation methodology. In their TOS they set a "minimum fixed face value" for one unit of (ELSM) Elysium. 1ELSM = 50CHF Miners earn 550ELSM per block or 27,500CHF worth of Elysium every two and a half minutes. There is a Max coin output of 704,000,000ELSM or 35.2BIllion CHF! I believe this will become the gold standard in cryptocurrency hedging. Cryptocurrency holders want a stable value not fluctuations in valuations of 30 to 40% within a week. Volatility does not create stability on the other hand it creates uncertainty. When users are reassured a specific minimum fixed face value, then they are more likely to be confident and utilizing Elysium (ELSM)
Will there be supply and demand bottlenecking? Perhaps initially, however; in 3 to 5 years when Elysium has reached full Market acceptance, it will be as easy to buy and sell this coin as easy as it is for you to liquidate Bitcoin now. What this means: it's impossible to pump and dump this coin! Think about what the minimum fixed face value and PCV mean for ELSM holders. If this doesn't turn the centralized banking World on its head, nothing will! Essentially, Elysium has done what those fat cat bankers have been doing for years. They preemptively created $35.2 billion CHF ($36.8b USD) out of thin air. Bitcoin has taken quite a long time to get where it is now, and it's acceptance has been a gradually climb to reach its current market capitalization. The long-standing issue with Bitcoin: it's not as trustworthy to hold consistent value like fiat money does. While this is great for speculators and investors because of the potential upside; it's not good for the common user that just wants to pay for their online college tuition. Students and people who are on a fixed income need to be reassured of a consistent value. Normal people need to budget; however, speculators, institutional investors, and other trusted third-party exchanges have been manipulating Bitcoin to their advantage. Using "cash injections" and "cash extractions" institutional investors have been creating boom and bust cycles. They do this, in part, to deter the average person from making the switch from fiat money to cryptocurrency. That was yesterday's news. Welcome to Elysium! Everyone is a citizen!
There is an Android wallet available onhttps://play.google.com/store/apps/details?id=de.schildbach.wallet.elysium Play Store.
And every wallet version is well represented on the official website. E-ELYSIUM.COM
Note: third-party exchanges or other intermediary payment systems may offer Elysium to their clients; however, those third parties may not charge more than 2.5% above the minimum fixed face value.
***********************************************************
ELYSIUM (ELSM) has nothing to do with India.
The real Elysium brand of cryptocurrency has a ticker ELSM and they were founded in 2016. You can check the domain registration to verify this. E-elysium.com. A group of Indian programmers have tried to hijack our crypto brand and created their Elysium brand after we did.
I have already tried to contact the exchanges that have ignorantly and place them up for trade, but it seems that is too late because they have already posted them. The real Elysium does not subscribe to a centralized exchange methodology. For this reason, you will not find them listed on any centralized exchanges because they don't believe in trusting a third party for creating a consensus valuation