ELPIS: AI Trading Technologies on Blockchain
Introduction
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Going to the topic, in the financial industry, human error is still the main cause of great losses of wealth. For this reason, the project I am going to present you is ELPIS, a blockchain-based cryptocurrency project designed to use technological innovation to limit the cost of errors investment decisions driven largely by old-school investment practices based on the human being.
Video Presentation
As I said before, ELPIS (ELP) (https://elpisinvestments.com/) is a blockchain-based platform with the power to analyze a remarkable amount of real time data to instantaneously and unemotionally implement investment strategies.
Goal
The main goal of ELPIS is to provide negotiation signals to each participant of both the fund and its ICO, and to give the ability to act as an expert investment manager, using a technological platform built to simulate a professionally managed fund, but in an easily understandable application that requires a minimal or no intervention. In addition, Elpis' mission is to grow together with visionary investors who believe in the opportunities created by innovative and new investment strategies.
How does it work?
The change begins with an accessible fundraising campaign to create the crypto fund in accordance with all regulatory requirements. The initial assets raised will be used to start up the Swiss fund regulated by FINMA. The commercial activity will take place in the stock market and in the markets of cryptocurrency and will be driven by the reliability of mathematics and statistics, rather than by prejudices and human emotions.
Benefits
The best way to understand what are the most important benefits that ELPIS provide for users is comparing its strategies with the current ones.
| Traditional Financial Markets | ELPIS Strategy |
|---|---|
| Low trust | High trust |
| Low transparency | Radical transparency |
| Average performance | Higher performance |
| High commissions | Low commissions |
Bounty
The project gives the opportunity to earn ELPIS tokens performing some social media tasks and doing simple steps from the bounty program explained into the following https://www.altcoinstalks.com WebPage here (https://www.altcoinstalks.com/index.php?topic=34777.0), where you can access the link in order to see what are the conditions to become an early ELP contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://elpisinvestments.com/user/pages/pdf/White%20Paper%20-%20EN.pdf). You can also stay tuned in their official ANN Thread here (https://www.altcoinstalks.com/index.php?topic=35118) or received all news following their Telegram Channel (https://t.me/joinchat/E34qxhL2yukir8BJSGpNMw). I hope you liked the post and soon I'll send you new ones.
Tokenomics
| Token | Description |
|---|---|
 | ELP is a utility token, since it is a currency that allows its holder to access a service offered by the issuing legal entity. Having ELP tokens means being part of the first hybrid fund radically transparent that uses Artificial Intelligence to anticipate market movements and protect investments from biases and human errors. |
Token details
Token: ELP
Platform: Ethereum
Type: ERC20
Price in ICO: 1 ELP = 0.06 USD
Price in ICO: 1 ELP = 0.08 USD
Tokens for sale: 195,000,000
Roadmap
| Date | Stage | Event |
|---|---|---|
| July to August 2018 | Private allocation period and whitelisting | We will sell privately our tokens to professional investors. Minimum to access: $ 50.000 with discount 10%. Retail users will be whitelisted |
| August to September 2018 | Public ICO | We will publicly sell our tokens with KYC provider. USA and Chinese citizens are not accepted |
| September to October 2018 | Listing on Exchanges | We will list on various exchanges and we will start operating in switzerland |
| November to January 2019 | Fully operative | We will be fully operative and regulated in switzerland under finma. We will start accepting clients in the crypto fund |
Extra links
ANN: https://www.altcoinstalks.com/index.php?topic=35118
Bounty: https://www.altcoinstalks.com/index.php?topic=34777.0
Airdrop: https://www.airdrop1.com/elp/
Author Details
Email: [email protected]
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Altcoinstalks username: adriaparcerisas
Altcoinstalks profile:https://www.altcoinstalks.com/index.php?action=profile;u=35549
Altcoinstalks Referral Link: https://www.altcoinstalks.com/index.php?action=refferals;refferedby=35549
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
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