Providing An Incentive For Investors to HODL
Initial Coin Offerings(ICOs) are all the rage now with hundreds of ICOs happening across the globe. However, many of these ICOs have failed due to manipulation, pump and dump schemes, and communities that tend to flip the coins for short-term profits. One platform that can solve all of these issues is Elysian, a blockchain-based ecommerce platform.
Elysian provides an exclusive membership program that can build and maintain a strong community of individuals that are truly vested in the platform. These type of investors help the long-term future of the project as actually care about the results from the project and not just the short-term returns.
The Elysian membership program is a three-tiered program that provides varying rewards depending on the level of ELYCOINs held by community members. Community members who wish to enjoy these benefits must lock their ELYCOINs for a minimum of 12 months. To do this, the tokens that participants want to use for the membership program are required to be sent to a particular address with a smart contract to ensure that the tokens are locked for exactly 12 months. With this smart contract, individuals will be unable to withdraw the tokens for their own use within the 12 months.
The Elysian membership program is split into three tiers, gold, platinum, and diamond. Each one of these three tiers requires a certain level of commitment with its own rewards. The gold tier requires a lock-in of 10,000 ELYCOINs while the platinum tier and diamond tier requires 100,000 and 1,000,000 ELYCOINs respectively. One important consideration is that each tier is capped at an arbitrary number of members. The limited availability of membership slots will generate high demand for the program. The details of each criteria and incentive for the three tiers are shown in the table below.
One important incentive in the membership program is that members are able to receive discounts on purchases made on the Elysian e-commerce platform. This provides a tangible use case for ELYCOINs, which would help to raise the value of the token in the long run.
As you can see, with the Elysian membership program, Elysian is able to provide a strong incentive for users to hold on to their ELYCOINs for the long term. Besides the discounts, members can enjoy other great benefits like a yearly Elysian merchandise package, first-class airfare to the annual Elysian summit and more. Thus, investors in the Elysian platform can now HODL without worry!
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
