ELYSIA (EL)

ELYSIA (EL)

Rank #898

$0.001633

4.26%

0.00000008 BTC

EL
USD

MARKET CAP

$5.276M

ALL TIME HIGH

$0.07

VOLUME 24H

$128.547K

CIRC. SUPPLY

3.231B

VOL/MCAP

2.00%

TOTAL SUPPLY

6.876B

DILUTED MCAP

$11.227M

MAX SUPPLY

6.876B

1H USD

0%

24H USD

4.26%

7D USD

6.94%

30D USD

0%

60D USD

0%

90D USD

0%

ELYSIA Price Chart

24h Change

4.26 %

ELYSIA - EL Profiles

What is Elysia?

Elysia is a decentralized autonomous organization (DAO) intended to provide the technology and incentives for the digital transformation of real estate assets. The goal is to apply blockchain technology to create digital representations of real estate assets and support market participants contributing to the issuance, distribution, pricing, and exchange of these digitalized (synthesized) real estate assets. More importantly, the Elysia DAO will act as a bridge to align the interests of traditional real estate owners and digital asset owners looking for new opportunities.

Approach

Elysia DAO generates smart contracts on the Ethereum network to allow issuers to associate the data and value of their real estate assets to create unique representations in a form of tokens. These tokens contain records related to the property such as current market price, financials, ownership stake, and binding legal documents. Issuance provision ensures that by owning the token it is entitled to the ownership rights both on and offline, while the DAO governance model will engage in the activities related to the exchange and utilization. Once approved by the governance body, the tokens can be transferred to the secondary market for sale and redemption.

Strategy

In order for real estate assets to be valued and utilized online, the overall logical structure must be consistent and valid, and the existing legal structure must also be considered. In addition, Oracle issues must be addressed in the process of linking real estate information and on-chain data. Elysia is also focused on setting provisions so that the scope of key decision-making processes and reward schemes can be extended both online and offline. Structure and relationships between participants should be reasonable to allow voluntary participation during the selection and confirmation of tokenized real estate. In this document, the Elysia DAO will uncover what we have learned so far, and provide further information on how the organization intends to adopt new methods to create an autonomous system that will motivate participants to create, buy, sell and manage real estate tokens.

ELYSIA Protocol

Elysia DAO proposes protocol standards to migrate real estate assets onto the Ethereum network and other public blockchains. The process for real estate assets to be tokenized and traded on the blockchain are described in the diagram above.

To ensure the value of the assets are preserved in the network, it should either 1) contain applicable laws linked to tokenized assets so that the contract remains in effect or 2) systemize strategic conflict and cooperation to maintain value.

The Elysia protocol provides governance structures and carefully calculated game rules that can give legal power to digitized assets, designed to make them worthwhile as assets themselves.

Participants

Token Issuers
Property owners who are looking to digitalize their real estate will require approval by the governance body. There will be provisions and guidelines for governance participants to authorize and issue the following types of asset tokens:
- Real estate assets: property bond-type tokens, property shares type tokens
- Digital assets: asset derivative tokens, digital native tokens


Offline governance
Offline governance consists of a group of real estate facilitators and representatives selected by active participants. Offline governance has a contractual relationship with the issuer of real estate tokens and is responsible for the approval of asset tokens.


Online governance
Online governance consists of active participants and delegations. The online governance group has the authority to review and approve asset tokens proposed by the offline governance team. Participants may also vote for other policies related to the Elysia protocol.


Developer Groups
The developer group contributes to the development of the Elysia protocol. Developers around the world can participate and receive rewards for the roles they play. In addition, various Dapps can be developed using asset tokens generated by Elysia protocol to contribute to the overall ecosystem.


Agencies
Agencies that contribute to the protocol’s core components (issuance, distribution, liquidations, pricing) will assist in securing and maintaining the entire system. They will be incentivized by collecting fixed fees during the execution of each component.

Read full Arrticle: CLICK HERE 

People

We found 0 people related to el-elysia, include

ELYSIA Price Live Data

EL Price

$0.001633

Trading Volume

$128,546.85

All Time High

$0.07

1hour Change

-0.20%

24hours Change

4.26%

24hours Range

-4.26%

24hours Low

$0.01

24hours High

$0.01

Liquidity ±2%

$0.00

Bids -2%

$0.00

Asks +2%

$0.00

Market Cap

$5.28 M

Fully Diluted Market Cap

11.23 M

Circulating Supply

3.23 B

Total Supply

6.88 B

Max Supply

6.88 B

ELYSIA Markets

See All Market
wait

Sorry, we don’t have this data yet.

But our scientists are working like crazy to get it.

People Also Watch

Medifakt
$0.012313
55.15%
chart
LUXO
$0.075000
--
chart
Aurigami
$0.000489
2.52%
chart
XRUN
$0.321875
3.27%
chart
Crypviser
$0.002080
0.65%
chart

Latest News

Be the first to know about Crypto news everyday

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.
people
iosandroid

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).

Email us: [email protected]