ETH-Price Pegged for Pre-TGE and Closing of Referral Program
Elysian has several announcements to make as our Pre-TGE is nearing completion. These announcements are because of the current market conditions. With Ethereum dropping below 500, the Elysian team has decided to peg the Ethereum price at 600 ETH/USD for the remainder of the Pre-TGE to be fair to investors who may be hesitant to participate because of the poor market conditions. People that buy tokens with the Ethereum price pegged at 600 will receive their original amount of tokens at the price when the tokens were purchased, and then the remaining tokens from the price difference of the pegged price at 600 will be transferred four weeks after completion of the TGE. For example if you purchase ELY tokens when the price of ETH is at 500, you will receive your tokens immediately at the rate of 500 ETH/USD, and then the rest will be transferred four weeks after close of the public token sale.
If, by chance, the price of ETH, goes over 600 over the course of the next 4 days, the ETH/USD price will be capped at 650. We felt it was necessary to give participants a fair chance to purchase tokens without fear of investing when the price of ETH was too low. It’s also important to Elysian that contributors understand our project and what we do to change the face of Ecommerce. We ask that participants do their due diligence on the team and the project before investing. We would like our community to be as knowledgeable as possible in every aspect of Elysian, including people being critical to help us improve.
In addition, following the recent news of Elysian’s collaboration with QUOINE regarding our Token Generation Event, we regret to inform our community that, because we are launching our TGE on QUOINE’s platform, we will have to close our referral program. Users will still be able to log in to the Elysian dashboard and view their ELY token balances and still click the buttons to buy tokens, but you will be redirected to their platform to purchase ELY tokens there. Anyone who has participated in our token sale up to this point by using the referral link will still receive their referral tokens, but from this point on, we will be closing the referral program because of the integration with QUOINE. The ELY token will also be listed on QUOINE and QRYPTOS at the completion of the TGE. QUOINE and QRYPTOS are owned by the same company, and will be changing to the forthcoming LIQUID in July.
We are excited about our collaboration with QUOINE and we would like to thank the Elysian community for its support throughout the process. We felt it was in our best interest to make this decision. We apologize for the closing of the referral program, which is why we have decided to peg the ETH price at 600 for the rest of the Pre-TGE. This is responsible behavior towards our community and investors in the spirit of compensating those that had planned to purchase tokens but never got the chance to before the referral program ended.
Feel free to join us in our social media channels below and become a part of the Elysian community. We are thrilled with the progression of the project so far and our strong team combined with our strategic partnerships and MVPs give the community a reason to be excited for a happy future.
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