ELYSIA

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Discover ELYSIA's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ELYSIA?

ELYSIA (EL) is a decentralized autonomous organization (DAO) that tokenizes real-world assets (RWAs) to expand traditional financial markets into the crypto financial market. It provides tools and infrastructure for tokenizing assets such as real estate and bonds, enabling users to participate in RWA investment opportunities through its DeFi platform, Elyfi.

How is ELYSIA used?

ELYSIA (EL) is the native token of the ELYSIA Protocol, a decentralized autonomous organization (DAO) focused on tokenizing real-world assets. The EL token serves several purposes within the ecosystem:

  1. Tokenization of Real Assets: EL tokens are used to represent the ownership of real-world assets, which are then tokenized and traded on the blockchain. This allows users to buy and sell these assets as non-fungible tokens (NFTs) using EL tokens.

  2. Staking and Governance: Users can stake their EL tokens to participate in the governance of the project. This staking process grants the right to vote on decisions regarding the project's direction and also provides rewards in the form of protocol revenue and mining revenue.

  3. Minting Fees: The ELYSIA Protocol collects minting fees from asset token issuers, which are subject to changes through community votes.

  1. Decentralized Decision-Making: The community-driven nature of the project ensures that all decisions are made through governance votes, giving token holders a say in the project's future.

In summary, the EL token is a crucial component of the ELYSIA Protocol, facilitating the tokenization of real-world assets, staking, governance, and minting fees within the ecosystem.

How do I store ELYSIA?

To store ELYSIA (EL) tokens, you have several options:

  1. Atomic ELYSIA Wallet: This wallet allows you to manage your ELYSIA tokens along with other cryptocurrencies. It is trusted by 5 million users worldwide and offers private and secured storage without requiring registration or KYC.

  2. Web3 Crypto Wallets: You can use wallets like Metamask or Trust Wallet, which are supported by decentralized exchanges (DEX). These wallets allow you to store and manage your ELYSIA tokens securely.

  3. Crypto Exchanges' Wallets: You can store your ELYSIA tokens on exchanges like Binance Wallet, which offers a secure environment for your tokens.

  1. Cold Wallets: For long-term storage, consider using cold wallets, which are more secure than hot wallets. This option is ideal for holding ELYSIA tokens with the expectation of their value increasing over time.

  2. On-Chain ELYSIA Wallets: If you are familiar with operating on-chain wallets, you can store your ELYSIA tokens securely in these wallets.

Remember to always choose a reputable and secure wallet to protect your ELYSIA tokens.

How to buy ELYSIA?

To buy ELYSIA (EL) tokens, follow these steps:

  1. Register on a Fiat-to-Crypto Exchange:

    • Choose a reliable exchange like CryptoWallet.com, Coinbase, or Binance.
    • Download the app or access the website.
    • Create an account by providing necessary information, including your email address and a secure password.
    • Complete any identity verification steps.
  2. Buy Bitcoin (BTC) or Ethereum (ETH) with Fiat Money:

    • Deposit fiat funds into your exchange account.
    • Use the deposited funds to buy BTC or ETH.
  3. Transfer BTC or ETH to an Altcoin Exchange:

  • Find an altcoin exchange that supports ELYSIA (EL) trading.
  • Transfer your BTC or ETH to this exchange.
  1. Buy ELYSIA (EL) on the Altcoin Exchange:

    • Navigate to the Buy & Sell section.
    • Choose the cryptocurrency you want to buy (EL).
    • Select the order type (Market, Stop, Limit, or TWAP).
    • Enter the amount you want to buy.
    • Confirm the transaction.
  2. Transfer ELYSIA (EL) to Your Wallet:

    • Use a secure wallet like MetaMask or Trust Wallet.
    • Transfer your ELYSIA tokens to your wallet for safekeeping.

Alternatively, you can also use a decentralized exchange (DEX) like Uniswap or Sushiwap. For this, you need to:

  1. Download and Set Up a Web3 Wallet:

    • Choose a wallet like MetaMask or Trust Wallet.
    • Download and install the wallet.
    • Create and set up a new wallet.
  2. Buy the Mainnet Cryptocurrency:

    • Buy the cryptocurrency corresponding to the blockchain the DEX runs on (e.g., ETH for Ethereum-based DEX).
    • Transfer this cryptocurrency to your wallet.
  3. Connect Your Wallet to the DEX:

  • Go to the DEX website.
  • Click "Connect Wallet" and follow the instructions.
  1. Swap for ELYSIA (EL):
    • Select the token you want to trade from (e.g., ETH).
    • Choose ELYSIA (EL) as the token you want to buy.
    • Enter the amount you want to swap.
    • Confirm the transaction.

Remember to always research the exchange and wallet you choose, and be cautious of scams and fake tokens.

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History of ELYSIA

ELYSIA (EL) is a cryptocurrency launched in 2018 and operates on the Ethereum platform. It is a decentralized autonomous organization (DAO) designed to facilitate the digital transformation of real-world assets into crypto financial products. The platform aims to provide the necessary tools and infrastructure for tokenizing and utilizing real-world assets, such as real estate, in the digital realm.

ELYSIA's core values include minting fees, which are collected from asset token issuers, and a staking program that rewards participants with protocol revenue and mining revenue. This staking program also grants voting rights for governance decisions within the DAO.

The project has a total supply of 6,803,300,705 EL tokens, with a circulating supply of 4,010,729,784 EL tokens. The fully diluted market capitalization is approximately $28,285,076.

ELYSIA has been involved in various developments, including the launch of a new US real estate investment product in 2022. The project continues to evolve, with a focus on creating a decentralized ecosystem for global real estate trading based on blockchain technology.

Despite its history and developments, the future value of ELYSIA is highly unpredictable due to the volatility of the cryptocurrency market, which can be influenced by various factors such as government regulations, technological advancements, and market sentiment.

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How ELYSIA works

ELYSIA (EL) is a decentralized autonomous organization (DAO) that focuses on tokenizing real-world assets (RWAs) to expand the traditional financial market into the crypto financial market. Here's how it works:

Tokenization Process

ELYSIA provides the tools and infrastructure necessary to convert real-world assets, such as real estate and bonds, into crypto financial products. This process involves minting asset tokens, which are digital representations of the underlying assets. The minting fee for these tokens varies by asset group and is subject to votes by active participants in the DAO.

Governance and Staking

The ELYSIA Protocol operates a staking program for its native token, EL. This program serves two main purposes: it grants the right to vote for governance and provides rewards for participation. The rewards come from protocol revenue and mining revenue. This ensures that stakeholders have a say in the decision-making process and are incentivized to contribute to the growth of the platform.

Decentralized Governance

ELYSIA is a DAO, meaning it is operated by its token holders. The platform uses decentralized governance to make key decisions, ensuring that the community is involved in shaping the direction of the project. This governance model allows for rapid decision-making both online and offline.

Security and Legal Recognition

To ensure the legal recognition and protection of tokenized real-world assets, ELYSIA has established a DAO LLC in Wyoming, USA. This setup helps to address legal risks and provides a framework for the logical structure of contracts, ensuring that they accurately reflect the value of the underlying assets.

Community Engagement

ELYSIA encourages active participation from experts in various fields to perfect its protocol. The platform has official community channels where users can share their opinions and engage in decision-making processes. This open approach helps to anticipate and prepare for potential risks and ensures the continued growth of the project.

Trading and Accessibility

EL tokens are listed on several popular cryptocurrency exchanges, including Binance, KuCoin, and BitMart, making it accessible for investors to buy, hold, and trade.

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ELYSIA's strengths

The token ELYSIA (EL) has several strengths that contribute to its potential success and value:

  1. Decentralized Governance: ELYSIA operates as a decentralized autonomous organization (DAO), where decisions are made through community votes. This ensures that the project is community-driven and that stakeholders have a say in its direction.

  2. Tokenization of Real-World Assets: ELYSIA provides a platform for tokenizing real-world assets, allowing them to be used in the blockchain and crypto financial space. This opens up new opportunities for asset management and trading.

  3. Low Risk Analysis: According to InvestorsObserver, ELYSIA has a low risk analysis score, indicating that it is less susceptible to price manipulation and has a more stable market environment.

  1. Staking and Governance: The EL token can be staked, which not only provides rewards but also allows participants to take part in governance decisions, ensuring that the community is actively involved in shaping the project's future.

  2. Future Price Predictions: Long-term price predictions suggest that ELYSIA could experience significant growth, with some estimates reaching up to $1.35 by 2030, indicating potential for long-term investment.

These strengths collectively contribute to ELYSIA's potential for growth and adoption in the cryptocurrency market.

ELYSIA's risks

ELYSIA (EL), a cryptocurrency project, carries significant financial risks. These risks include:

  • Volatility: ELYSIA is known for its high volatility, which means its price can fluctuate rapidly and unpredictably. This volatility can result in substantial losses for investors who are not prepared for such market movements.
  • Risk Score: While some analyses suggest ELYSIA has a relatively low risk score, this score can change over time and may not accurately reflect the full range of potential risks.
  • Market Conditions: The cryptocurrency market is subject to various external factors, such as global economic conditions, regulatory changes, and technological advancements. These factors can impact the value of ELYSIA and other cryptocurrencies.
  • Technical Risks: The tokenization of real-world assets, a key aspect of the Elysia Protocol, is not without technical risks. Issues such as oracle problems and the integration of blockchain technology with real assets can lead to technical imperfections and potential losses.
  • Legal Risks: The legal framework surrounding cryptocurrencies and tokenized assets is still evolving and can be subject to changes in regulations. This uncertainty can expose investors to legal risks and potential losses.

It is essential for investors to thoroughly understand these risks and conduct their own research before making investment decisions.

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Did ELYSIA raise funds?

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ELYSIA’s team

  • Donguk Seo: Co-founder of Elysia, involved in the tokenization of real-world assets, including real estate, accounts receivable, and US Treasury.
  • Jung-gun Lim: Co-founder of Elysia, contributing to the development of the ELYFI protocol for digital asset securitization.
  • Yoon Kim: Co-founder of Elysia, part of the team that established the Elysia DAO LLC, which manages the tokenization of real estate assets.
  • Won-jun Cha: Co-founder of Elysia, involved in the governance and decision-making processes within the Elysia DAO.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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