Elixir
Elixir is the first Ethereum token mined through transfers over time.
Financial Implications
Elixir (ELIX) will be the base token for a lending system able to reward both borrowers and lenders for good behavior. Borrowers, lenders and miners will simultaneously use newly invented credit chains to create tokens. This financial system will have advantages over both fiat and other virtual currencies, as token rewards for paying off installments on time will decrease the rate of default and allow lenders to lower interest rates.
Mining
Elixir is mined through transfers between pairs of addresses. In the lending service, these pairs of addresses will correspond to parties completing financial agreements.
Relation to Timereum
Elixir is an upgraded version of Timereum (TME). All TME has been converted to Elixor (EXOR), equivalent to the raw form of Elixir. EXOR can be converted to ELIX by sending EXOR to the ELIX contract address. TME holders should not create more TME batches, but should instead use EXOR to create batches.
View the original TME thread for background information here
EXOR contract address:
To convert EXOR to ELIX, send EXOR to the ELIX address:
To view EXOR in your wallet, add the custom token with information:
Contract Address: 0x898bF39cd67658bd63577fB00A2A3571dAecbC53
Symbol: EXOR
Decimals: 18
To view ELIX in your wallet, add the custom token with information:
Contract Address: 0xc8C6A31A4A806d3710A7B38b7B296D2fABCCDBA8
Symbol: ELIX
Decimals: 18
Contract Address: 0x898bF39cd67658bd63577fB00A2A3571dAecbC53
Symbol: EXOR
Decimals: 18
To view ELIX in your wallet, add the custom token with information:
Contract Address: 0xc8C6A31A4A806d3710A7B38b7B296D2fABCCDBA8
Symbol: ELIX
Decimals: 18
There is no deadline for conversion from EXOR to ELIX.
Is it now possible.to start mining elix via the lending.service?
When will the homepage be.released? It would.be really great.to.get.some.insight about upcomming developments, maybe you can write a.roadmap explaining future steps, this.would.help.new investors to make a.decision!