Cryptocurrencies For Mobile Gaming? Elliotcoin

Jay The Prodigy
3 min readMay 27, 2018

--

Elliotcoin (ELLI) is the cryptocurrency I’ve been waiting for. It brings gaming into the world of cryptocurrencies. I’m not really sure why it’s taken this long to get one, but I’m glad it’s here. Elliotcoin will start off as POW and masternode then, later on, will switch to POS and masternode. It uses the SwiftX protocol for nearly instantaneous transactions and the Zerocoin protocol for private and secure transactions. The coin also has a private investment fund to help stabilize the price of ELLI’s assets.

After some digging, I finally got the details of what ELLI’s mobile app is going to be like. The official app is going to be more of a proof-of-concept, showing off what the ELLI platform is capable of and implementing it into gameplay. The official app is going to be an Indie MMO tapper that offers in-app purchases using ELLI, it will be available on Android (of course) and IOS (thank god) and will have cross-platform compatibility. After the release of the official app, Elliotcoin is going to make their merchant service and API open source so that other games are able to easily implement it.
As for ELLI’s goals, they’ve already been listed on 2 exchanges, Graviex and CryptoBridge. In Q3 of 2018, they plan to release a new GUI wallet based on electron, continuing mobile app development, and ending to POW stage. Q4 is what I’m most excited for, the release of the mobile app and listing on more exchanges and Coinmarketcap.

I’m extremely excited to see cryptocurrencies finally coming to the gaming industry, and i can’t wait to see what this coin does for mobile gaming, and hopefully one day it’ll expand its horizons to PC, home of gamers with a lot of money.

Here are some words from the developer:

“ A unique feature of the fund is the balancing of assets provided by trading strategies with the help of the modified Markowitz portfolio theory (analysis of average variances). (From the mathematical point of view, when applying this theory to the problem, the process reduces to quadratic optimization under linear constraints). A key feature of the approach used in StageFund is the construction of the space of possible portfolios using the so-called capital, but not assets, as well as possible options for choosing the optimal model for the ratio of risk and return. Thus, the portfolio theory of Markowitz allows us to find anticorrelated strategies for diversifying portfolios of their application. As was already mentioned, we have our own private investment fund to stabilize price of our assets. Our team has vast track record in trading, including High-frequency trading (HFT), so we are independent of external sources of funding. This advantage gave us an opportunity to launch the project without a lot of assistance from outside investors. We are considering making our private investment fund public in the future, and Elli-owners will receive some odds.”

--

--