A New Way of Crowdfunding through the Elysian Platform

Elysian is a new ecommerce platform that is based on blockchain technology. It uses blockchain technology to store and protect customer data and transactions, providing greater security to consumers. On top of that, the cryptocurrency used on Elysian, called ELYCOIN, is used to facilitate transactions of goods and services from merchants on the Elysian platform. Services purchased by these merchants on the platform are also fuelled by ELYCOINs. Along with the ecommerce platform, Elysian is set to introduce an exciting feature called the Elysian forum. Similar to other crowdfunding methods like Kickstarter and Indiegogo, the forum is able to help raise funds for community-led projects that improve the Elysian ecosystem.

One of these sources of funds is from the Elysian growth pool. A percentage of the ELYCOIN tokens are allocated to this pool and its purpose to provide extra utility for ELYCOIN tokens. It fulfills this purpose by helping to generate community growth through the Elysian forum.

When members of the Elysian community come up with innovative ideas to improve the platform, they can pay a small application fee to list their ideas on the forum. Funding for their ideas can either come from their own pockets or taken from the Elysian growth pool. With this avenue of funding, it is now much easier for community members to fund great ideas and improve the ecosystem for all users.

Community members have the ability to vote on projects to decide which projects should receive funding. Projects have to garner 51% or more of the votes and meet responsible voting requirements in order to receive funding. Projects that are not accepted will be required to refund the tokens contributed to them. The funds gathered from collecting application fees will be utilised to hire full-time support and to develop and expand the Elysian forum.

In the end, by getting feedback from the community, it ensures that only the best ideas that can improve Elysian and its community will be accepted. The forum can also help to build strong bonds and relations between fellow community members, thereby greatly increasing the overall strength of the Elysian community. This means that users of Elysian, such as consumers and merchants, can expect to see massive improvements in the platform’s features as time goes by. Isn’t that great!

Find out more about Elysian at:

Website: https://elycoin.io/
Whitepaper: https://elycoin.io/whitepaper/english
Telegram: https://t.me/elysian_ely
Facebook: https://www.facebook.com/ElysianxELY
LinkedIn: https://www.linkedin.com/company/elysian-ely