Elixir (ELX) is a base token. It is designed for lending service. ELX is designed to analyse transactions of funds and reward borrowing. It is to pay off their instalments of loan repayments, on time. This ELX service of giving loans will totally eradicate the requirements to make payments to brokers. The service of giving loans will prove to be advantageous over traditional currencies and different other crypto currencies. This advantage will be bestowed by incentives and automatic recourse. This service related to finance would prove to be the back bone of an humanly produced intelligence engine, in the long run. This artificial intelligence engine will help the customers in making good financial decisions.
Mining of Elixir coin is done via transfers among two addresses. The lending service represents this pair of addresses as to parties who are executing agreements related to finance.
Elixir crypto currency is considered to be a good investment. It is because Elixir (ELX) had a market cap of US dollars 140,000 as on 30th of September 2017. Elixir (ELX) was placed on the 400th position at Coin market cap. A single Elixir (ELX) costs around 0.05 to 0.06 US dollars as on 30th September 2017. Elixir (ELX) was listed on Coin market cap on 23rd September 2017.
The Elixir (ELX) has a great future as it has all properties to be among the top 100 on the list. If it so happens, and there is every possibility of being so, the Elixir will jump from the market cap of 140,000 US dollars to 35,000,000 to 40,000,000 US dollars. It would be around a 280 times growth. Single Elixir coin (ELX) would be worth 14 US dollars. Even it fails to reach top 100 and can make up to top 150, the potential gains of the coin holders would be huge.
The Elixir (ELX) team is in the process of building blockchain software. This blockchain software will leverage the strength of smart contracts of Ethereum. This smart contract will help in connecting people from all over the world.
Unlike other crypto currencies, which require strong machines and power to compute to mine tokens, Elixir is mined through time. Elixir allows the users to use their ability to give or receive loans. Elixir uses a system that is intelligent enough to incentivise those who have lending ability, and their ability to pay the loan off successfully.
As it has been made very obvious that Elixir has the potential of being among the top 100 tokens at Coin market cap and what would be the size of gain for the holders at that time.
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