/biz/ - Business & Finance

I bought the following coins ATH

SHIP, ODN, ELIX and OCN

how fucked am i?

Moon mission or shitcoin

Patrician choices

Bought this during this dip.

What does /biz/ think of ELIX?

Please do something ffs

Buy some ELIX, anon, it is mooning atm on KuCoin.Sign up to Kucoin with referral code 1N2K1 and I'll credit your account with 0.05 eth

ELIX can be roughly broken down as follows:

A mobile wallet sending/receiving platform
A crowdfunding platform
A peer 2 peer lending platform

To put it simply, Crowdfunding and P2P Lending have blown up over the last few years in the startup world, outside of blockchain and cryptocurrencies.
However, both are perfectly suited to a decentralized p2p blockchain solution, which is exactly what Elixir is offering.

An actual, useful use-case: It's aiming to become a service where friends and family can service loans easily, and when completed, both the lender, and the loantaker are rewarded

It's biggest competitor is SALT, which is residing at 691mil mcap, while ELIX is currently at 28mil. I believe this ratio is skewed, as when you compare the two, ELIX has numerous advantages, such as;

Not geographically restricted (Only US citizens can use SALT, anybody can use ELIXIR)
Allows for any type of loan (SALT's lower bound is 5k$)
Allows for anonymous lending (SALT's user must through a membership review to be eligible to use the platform)
Completely decentralized
Completely feeless
Incentivizes lending (ELIX rewards users of their platform with tokens on the completion of a loan).
Uses their tokens for lending (SALT's tokens has no actual value, they're effectively stocks)

David Jackson - Cofounder
Stanford University graduate Previously worked at Stanford Intelligent Systems,(SISL) Stanford Space Rendezvous Lab(SLAB), and a nano particle lab at Duke University

Munir Safi - Cofounder
Graduate of Indiana University Degree in Computer Science with focus on intelligent systems Professional working experience as Software Dev for GM Experience technical background (6yrs) from Technical team consultant to Full Stack Developer

This is the next BNTY. Mooning on Kucoin now, being shilled hard as fuck on Reddit.

GET IN. THIS IS THE NEXT BNTY, MOONING ON KUCOIN RIGHT NOW.

https://www.reddit.com/r/CryptoCurrency/comments/7o83xf/my_take_on_elix_and_why_i_think_it_will_take_off/

REDDIT IS IN. EXPECT 100M MCAP WITHIN THE DAY.

Get in here. Reddit is shilling the fuck out of this and we're mooning.

SALT
>market cap ~680m
>circulating supply 54m
>total supply 120m
>price currently $12,64

ETHLend(LEND)
>market cap 180m
>circulating supply 1,012,907,733 LEND
> total supply 1,299,999,942 LEND
>price currently $0,178

now take a look at Elixir (ELIX)
>market cap ~30m
>circulating supply ONLY 29,439,448 ELIX
>price currently $1

Why is it better?

>P2P lending
>no fees on loans
>will be directly accessible from the app store
>amount of loans funded translates to amount of tokens transacted
>minimum supply is 54,530,432 and maximum is 117,402,167
>wasn't an ico meaning that they own a small amount of the coins, which is 5%
>Highly educated developers, both having worked in high-end jobs previously

Get in before the normie FOMO. This is literally the next 10x.