The “Real World” Value of EOS
Emerging applications show the top-ranked platform supports a variety of use cases
Despite 2018 being the year that many jumped the gun, blockchain is turning a corner. A tireless background effort has laid the foundation, and pioneering protocols such as EOS are finally enabling global transformation.
As with the internet, the process has been ten years in the making — as with any innovation, it’s taken time to pave the way to disruption.
Innovation x Innovation = Disruption
Disruptions can take an age to materialize, then take hold as-if overnight, once forces combine. It wasn’t until 1994 — ten years after the birth of the internet — that Jeff Bezos considered the world wide web sufficiently evolved to handle his global vision of eCommerce.
While it would be another fifteen years before Travis Kalanick saw the proliferation of smartphones, the power of geo-location technology, an under-used workforce — and revolutionized urban mobility.
Only recently have blockchain visionaries gotten the platforms they need to support ambitions — as they build, expect the next wave of innovation to unfurl.
Rest assured, disruption is within reach.
With projects such as Elitium building on the platform of EOS, the world will soon have an application that is truly unique: a multi-faceted blockchain ecosystem with capabilities the likes of which you’ve never seen.
Top Ranked Platform
EOS has retained its top spot in the latest ranking of public blockchain projects. The innovative protocol surpassed Ethereum for the first time since rankings were released — and topped the list since June 2018.
Chart rankings aside, EOS has also experienced tremendous growth in the number of dApps and active users on its platform: gaining traction among dApps initially built on the Ethereum platform in particular, as well as attracting teams who were planning to build on other blockchain protocols.
As a result, the EOS network now has the largest userbase by some stretch, with over 45,000 daily active users — well over 2x that of Ethereum.
The Enabler
Elitium is building a platform to ‘transform the world of luxury’ by connecting a network of top-end brands and service providers with a global clientele, ultimately, streamlining the luxury lifestyle.
To power its vision, Elitium needs the EOS platform.
EOS will enable the secure, easy-to-use, and fast global payments system that the Elitium Network will rely on; an infrastructure that will reduce the costs and risks of processing high-value transactions.
While EOS smart contract protocols will also help remove the inefficiencies of the luxury sector — such as processing sensitive information or executing contracts in yacht rental, to name two.
Elitium’s goal is to create a seamless ecosystem in which partners and consumers, worldwide, can interact — in a secure environment and without the constraints of typical platforms.
One Ecosystem, Multiple Coin Solutions
In building on EOS, Elitium can create the ultimate in scalable technologies: a platform that’s capable of processing thousands of high-volume transactions per second, which is a capability few decentralized networks have been able to achieve, to-date.
It’s only courtesy of EOS’s remarkable progress that Elitium’s innovations can come to light; be it the global network, or other ambitions as dreamed up by the Elitium team.
Elitium’s core proposition revolves around its native coin, EUM; the primary cryptocurrency of the Elitium Luxury Lifestyle Network. Yet, captivating ideas lie in two other coins the project will develop — also on EOS.
EUMI: Tokenized Insurance
EUMI will represent the world’s first tokenized insurance for a coin that offers next-level protection, adding to the inherent security of a typical cryptocurrency.
Where victims of fraud usually have little recourse for action if they lose digital currency, EUMI will offer an alternate means of safeguarding funds in what is, essentially, a ‘self-insurance’ framework.
EUMI will allow the Elitium Network to reimburse stolen cryptocurrency in the event of malicious activity — just as PayPal or Visa might promise. And to develop its solution, Elitium will leverage the capabilities of the EOS platform to apply the protocol at an industrial scale.
EUMI will allow Elitium to offer insurance at a negligible cost to the consumer via a claims process that will be simpler, and more transparent, than that of your typical financial institution.
Insurance built for the consumer, not the profit margin.
EUMX: Bespoke Loyalty
EUMX is the Elitium Network’s showcase loyalty program through which consumers will receive rewards for spending within the ecosystem.
Elitium members will receive benefits over-and-above what one might expect from better-known credit cards, which will increase spending power within the network and incentivize activity.
Imagine…
- You rent a superyacht for the weekend
- Your receive your reward in EUMX
- You re-invest your coins in works from the Cobra Art Company
Just some of the benefits the Elitium app promises at its Q4 2019 release.
Supported by the technology of EOS, which offers an excellent infrastructure for future use — with the prospect of handling tens-of-thousands of daily active members across the globe.
Discover the Luxury Lifestyle
Projects in crypto often claim innovation, where few achieve anything of note. In contrast, Elitium is well on its way to unveiling a platform that will transform luxury, loyalty, and insurance.
Three coins will communicate with one another in a way that highlights the potential of blockchain technology: it’s a display the likes of which many in the space have been eagerly awaiting.
As the capabilities leverage the flexibility of the EOSIO protocol, who knows what other innovations lie in wait.
One thing’s for sure — EOS has earned its rank.
ELITIUM AIMS TO RELEASE ITS LUXURY LIFESTYLE APPLICATION Q4 2019 — BUT YOU CAN BUY EUM NOW ON PREMIER DIGITAL EXCHANGE BITMART OR SIGN UP TO OUR TELEGRAM CHANNEL BY CLICKING HERE.
