What's the point to buy this coin if we're not Genesis Holders?
I read the whitepaper, but I really don't understand it all.
It talks about both lender and borrower being rewarded when the loan is given back on time..
But it looks like the only way to generate Elix is by Genesis Holders to mint them manually?
This is all very confusing.
I love the logo and design, the concept looks nice but the explanations are really aweful. I'm definitely not an expert in blockchain technology but I can't see any casual person understanding this coin right now.
The process for generating Elix is made to distribute the token to the public and create a market, the other options would have been doing an ICO or the team selling all the tokens themselves, once the landing service is online, elix will be minted once a loan is returned, so everybody could mint tokens if they use the service, either you loan someone, o you lone yourself to get elix.
The reson much people don't understand the token is that they haven' read the process of generating the tokens, they are on the website in the about section.