Retail Network MegaX With Over 40,000 Retail Brands Partners with Decentralized E-commerce Platform Elysian in Major Blockchain Union
Singapore, July 2018
MegaX, a blockchain retail enabler, has partnered with Elysian, a blockchain-based platform to disrupt, democratize and grow the blockchain E-commerce ecosystem. MegaX is a retail and E-commerce blockchain project founded and driven by the iFashion Group, a retail conglomerate with extensive experience in the E-commerce industry. MegaX seeks to include all retail companies into its network and propagate the benefits of cutting-edge technologies and a growing customer base exposed to cryptocurrencies.
The partnership will allow MegaX access to the superior technical capabilities of the Elysian decentralized platform and Elysian in turn benefits from the retail network that iFashion Group, MegaX and its subsidiaries will bring to form an important merchant base.
“Elysian will open the door to rapid mass adoption of cryptocurrencies by allowing all brands and merchants easy access to a blockchain-based E-commerce store,” says Ngeow Jiawen, CEO of MegaX. “By onboarding thousands of stores, the Elysian network can quickly hit critical mass and become a catalyst for mainstream crypto transactions.”
Elysian is a decentralized platform that builds E-commerce websites on the blockchain. Elysian recently successfully concluded a Token Generation Event (TGE), reaching its hard cap of 7,000,000 USD. The Elysian team has tremendous expertise in blockchain development and brings this into the E-commerce realm. The MegaX team matches this competency with retail experience. The combination will produce a strong commercial alliance that will yield a big impact on the E-commerce industry.
“We are excited to embark on this strategic partnership which would allow Elysian to work with a large base of merchants from day one,” says Leo Ameri, CEO of Elysian. “MegaX has also committed to building their core assets on the Elysian network, which would further increase the demand and visibility of our platform.”
MegaX is a millennial-driven retail enabler supported by an established and growing retail network. it was formed due to the need for a growing pool of independent, exciting, and eclectic brands to reach their targeted market — the exponentially growing and constantly shifting millennial generation. It is created by profitable, VC-backed retail companies. The MegaX network has 40,000 retail brands and a customer base of more than 10,000,000 users.
Elysian is a decentralized platform that builds E-commerce websites on the blockchain and uses innovative features such as upgraded security and unprecedented user experience to fix current flaws in the E-commerce industry. The platform integrates blockchain technology to provide improved services in comparison to its competitors that do not operate on the blockchain. Elysian will use the Proof-of-Authority algorithm on its platform. Proof-of-Authority consensus will provide the Elysian ecosystem with a private blockchain to store encrypted user information and other user data securely over a distributed network, which will build trust between E-commerce businesses and consumers. In addition, user experience faces a drastic transformation by implementing artificial intelligence and virtual reality to create simple, efficient website navigation and aesthetically pleasing graphics for users to provide the ultimate experience.