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ICO date: Presale — 20 March 2018 12:00:00 UTC — 10 April 2018 11:00:00 UTC
Public crowdsale — 17 April 2018 11:00:00 UTC — 8 Could 2018 11:00:00 UTC
Ticker: ELI
Token kind: ERC-20
Token value: 0,10 USD
Token allocation: 60 %
Presale: sure, aim is to gather 16 000 000 USD (15 % bonus)
Nation of registry: Slovenia — http://www.bizi.si/ELIGMA-D-O-O/
Provide: 500 000 000 ELI (fastened provide)
Accepted forex: ETH
Comfortable Cap: 4 000 000 USD
Laborious Cap: 24,000,000 USD
Abstract
75%
Workforce: 4/5
Product: 4/5
Token use case: 3/5
Token sale: 3/4
Roadmap: 3/3
Group: 2/3
Hype: 2/3
Execs:
- Massive market to disrupt with predicted sturdy development sooner or later
- Cooperation with BTC Metropolis
- The primary part of the platform is already being examined, additionally a beta model of the cell pockets and the POS system
- A powerful workforce with confirmed profitable tasks previously
- 6 strategic partnerships
- Affordable laborious cap
- Vesting interval of two years
Cons:
- Whitepaper exhibits solely the thought, not a lot from the technical aspect or platform structure aspect
- Crypto funds are enabled on the platform on Q1 2021 in line with the roadmap
- About one 12 months of ready till there would be the official launch of the platform for broad public
- 11 advisors obtain 5% of all tokens
- Wide selection between the smooth cap and laborious cap
- No particular person caps
Description
A platform for commerce with the aim being to avoid wasting time that customers spend on looking out and buying merchandise by using synthetic intelligence. It’ll advise customers, which merchandise to purchase by making an allowance for merchandise parts, high quality, value, transport time and prices in addition to different elements.
The venture is specializing in a number of key developments and issues recognized in conventional retail in addition to on-line buying and supply a set of beforehand unattainable or unanticipated options to find, buy, monitor and resell gadgets. Eligma goals to grow to be an AI-driven and blockchain-based platform that acts as a private commerce agent.
Workforce
There are about 22 technical builders in complete engaged on the venture. Workforce has stable illustration in Gross sales, design and advertising. A bit discouraging for traders could also be that there are 11 advisors will obtain 5% of all tokens.
Dejan Roljič — Founder & CEO — One in all his newest successes was ABC Accelerator (which he based), an accelerator devoted to high-tech firms from the South and Central Japanese European areas with places of work in Ljubljana, Silicon Valley, Munich, Kiev, and Sarajevo. As off in the present day, ABC and Dejan invested in additional than 80 startups from world wide. Dejan additionally co-owns a software program improvement firm with 120 workers. He additionally based a 3D printing start-up and on the identical time started investing in varied progressive firms.
https://www.linkedin.com/in/dejan-roljic-50a90912/
Matej Gregorčič — Co-Founder — He based a advertising company and took it from promoting concepts in a shared workplace area to changing into {one of the} largest occasion administration companies in Slovenia. Additionally, he’s a CEO and Founding father of Viberate — a platform that joins the whole dwell music ecosystem beneath one roof. It acts as IMDB for dwell music, the place profiles are ranked in line with their on-line reputation, primarily based on each day up to date social media stats, current content material, gig dates, and contacts.
https://www.linkedin.com/in/matejgregorcic/
Jože Mermal — Co-Founder — Since 1993 he has been efficiently managing the BTC firm (http://www.btc.si/en/about-us/) because the President of the Administration Board. Primarily based on his initiative, a BTC Metropolis-one of the most important enterprise, buying, leisure, recreation and cultural facilities in Europe was established. Unfold over than 400,000 m2 it yearly attracts greater than 20 million guests. Below his administration, BTC based ABC Accelerator, Slovenian Science Basis and the Worldwide administration faculty IEDC Bled.
Alexander Danilov — Chief Expertise Officer — Greater than 10 years of expertise in IT and a stable data in constructing web-services and improvement processes. He acquired most of his data main tasks associated to billing methods, knowledge processing algorithms, person interface and APIs. He has, particularly, data in software program structure design and improvement of excessive load companies.
Boštjan Mrak — Lead Machine Studying Engineer — Machine studying engineer with a deep studying specialization and software program improvement background. He additionally constructed an entire eCommerce system for {one of the} largest sports activities vitamin shops in Slovenia and has about 18 years of software program improvement expertise.
https://www.linkedin.com/in/bostjan-mrak/
Product
The platform is reaching right into a phase the place the amount of gross sales reached 2.3 trillion U.S. {dollars} in 2017 and is anticipated to double within the subsequent 4 years (Statista, 2018). On-line buying is among the hottest on-line actions worldwide. In 2016, retail e-commerce gross sales worldwide amounted to 1.86 trillion U.S. {dollars} and e-retail revenues are projected to develop to 4.48 trillion U.S. {dollars} in 2021 (Statista, 2017).
The BigCommerce survey revealed that 67 % of Millenials and 56 % of Gen Xers choose to go looking and buy on e-commerce websites reasonably than in a retailer. Each teams spend on common 6 hours buying on-line per week. (BigCommerce, January 2018)
Preferences to purchase in-store vs. on-line are completely different amongst completely different classes, however with yearly the share of on-line gross sales is rising. The second-hand market has its personal specifics however can also be rising quickly. Annual internet income of eBay, at present the most important used items market, has grown by 7 % in 2017 and has reached virtually 10 billion U.S. {dollars}.
Discovery will use a deep neural network-based product suggestion engine to search out the most effective offers for merchandise customers are on the lookout for. Eligma algorithm may even supply various options that match the customers’ necessities so there might be no have to seek for merchandise in 1000’s of on-line sources anymore. A single buying cart and checkout course of will suffice to finish purchases in a number of on-line shops without delay and cryptocurrency fee gateway will allow customers paying with cryptocurrencies, even when the web retailer they’re shopping for from doesn’t assist them but. Eligma will create a blockchain-tracked Digital Merchandise Profile (DIP) for each merchandise bought by the platform, the place customers can retailer a number of data, together with Proofs of Buy. It will likely be saved on blockchain protected database — Implementation of a decentralized database that makes use of the InterPlanetary File System and is protected by the Ethereum community and its blockchain (sidechain).
Each DIP might be routinely written into the person’s stock. To ensure that the person to have an summary of all of the gadgets in his family, he may even be capable to manually add elsewhere bought gadgets. Inside the stock, customers will be capable to see the AI-predicted present and future merchandise worth. Eligma’s family buying and selling agent will notify customers when the most effective time to promote the product and routinely generate and publish listings on chosen second-hand on-line shops 10 with a single click on. Eligma will act as a trusted middleman and guarantee equity of contractual phrases or it may be managed by a sensible contract.
Eligma will consolidate retailers in an built-in open-loop common loyalty system and supply a easy and handy person interface. There might be no have to register with a standalone loyalty program for every service provider and customers will be capable to redeem acquired ELI tokens with some other community member.
The workforce will develop a code scanning open supply code for use use throughout the Eligma cell app or by the APIs applied in any third social gathering utility. With it, customers will be capable to scan the barcode (EAN, UPC) or QR code of a product displayed in a bodily retailer. The app will acknowledge the product utilizing the prevailing Eligma`s database and supply customers the precise description of the product and finest methods to buy the product.
Eligma might be in compliance with Basic Information Safety Regulation (GDPR) from its inception and person knowledge privateness might be revered in line with the required requirements.
The venture is already collaborating with BTC Metropolis which lies in Ljubljana, Slovenia and encompasses greater than 10,000 manufacturers, 3,000 firms, 450 shops and 70 bars and eating places. It yearly hosts over 20 million guests. The primary part of the web platform is already developed and is at present working in check mode. It already helps funds in some cryptocurrencies (BTC, BCH) and extra will observe shortly. The platform is curated by the enterprise start-up BTC Metropolis and is enabling customers to buy merchandise, provided by the offline retailers within the BTC Metropolis space.
Eligma’s important income stream will at first come from an associates program that’s efficiency primarily based. Whereas Eligma will function a window to all of the completely different on-line shops and marketplaces by merging them beneath one roof, the affiliation program will monitor the gross sales in shops, to which customers might be redirected and Eligma will obtain a fee on these purchases. This module may be very fashionable amongst sellers since they profit when it comes to advertising, visibility, website visits and consequently increased gross sales. It permits extra advertising that’s free till the acquisition is definitely made.
Additionally, there might be provided completely different promoting modules in line with completely different posting locations, sizes, frequencies, and durations. This characteristic might be payable with fiat currencies in addition to extra fashionable cryptocurrencies. When promoting might be compensated with ELI tokens, customers will obtain extra promoting rewards.
Token use case
Customers will be capable to earn loyalty tokens not solely by performing sure actions on the platform, but additionally by making purchases at some other on-line or offline service provider, included in this system, or by merely shopping for them on a web-based alternate. Nearly all of platform options might be free however a few of them may solely be unlocked with ELI tokens. With the adoption of cryptocurrencies, ELI tokens might be used for purchases in any respect retailers concerned within the platform´s loyalty program.
The principle use case of the tokens may very well be categorized as:
- Product hunt — When ordering a product hunt, a sure person’s stability of ELI tokens might be locked. If Eligma discovers a product that fulfills the person’s necessities, tokens might be launched to Eligma and returned to the person in any other case.
- Second-hand listings — Customers could have the choice to push an merchandise of their stock to all of the second-hand on-line shops, linked to our platform. Eligma would require customers to make the most of ELI tokens to carry out this service.
- Escrow charges — When a vendor creates a list and selects Escrow service as a potential characteristic to finish the sale, he might be required to deposit ELI tokens for the service.
- Decentralized Merchandise Sale — When a vendor and a purchaser determine to finish an merchandise sale in a decentralized approach, they must deposit the quantity of ELI tokens, equal to the merchandise value, as a motivation to efficiently fulfill contract obligations.
- Promoting — ELI tokens will be utilized for commercial area on the platform. • Different Eligma options ELI tokens might be used for different Eligma’s options in each the offline and on-line worlds. The primary such options would be the POS methods and {the marketplace} for our companion firm BTC Metropolis.
- Buying chosen gadgets — Eligma will supply a restricted quantity of pre-selected gadgets, which customers will be capable to purchase with ELI tokens solely.
Retailers could have a service provider account on the platform and with it the chance to reward their loyal clients. Few examples:
- Each buy is rewarded — When a buyer purchases one thing, the service provider may give away ELI tokens as a “cashback” reward. This feature is feasible for both on-line or offline purchases. Service provider’s profit: Rising gross sales
- Backtrack rewarding — Because the Eligma system is already gathering details about clients’ purchases, a service provider will be capable to determine he needs to reward everybody, who purchased a sure product from him previously. Service provider’s profit: Higher recognition and positioning, which lead to higher future gross sales.
- Product rewards — Service provider can announce that each buy of a product throughout a time interval will lead to an ELI token reward for the purchasers. Service provider’s profit: Higher gross sales of a selected product he needs to advertise or promote out.
Customers can use the token as an incentive to be energetic on the platform:
- Wishlists leading to gross sales — When a created wishlist ends in a direct sale, the person who revealed the wishlist might be rewarded with ELI tokens.
- Social media actions — When a social media share or publish ends in a direct sale, the person who created the publish might be rewarded with ELI tokens. Customers will be capable to withdraw ELI tokens to their non-public Ethereum wallets or on-line exchanges and commerce with them.
Cryptocurrencies have gotten increasingly acknowledged amongst the broader inhabitants and are slowly getting into the mainstream. Based on analysis, bank cards remained the web buyers’ most well-liked fee technique worldwide in March 2017 and cryptocurrencies reached 3 %. This proportion is anticipated to extend, for the reason that final analysis carried out in July and August 2017 in Germany already confirmed that 11.4 % of contributors predict to make use of cryptocurrencies for conducting funds sooner or later. (Statista, 2017)
Token sale:
Completely a 60% of the entire fastened provide might be offered to the general public. Tokens, not distributed within the presale part, might be transferred to the subsequent part. Unsold tokens within the crowdsale part might be transferred to a fund, devoted to rewarding plans for Eligma platform customers. If the equal worth of all contributions is not going to attain the smooth cap, all contributions might be returned to the contributors’ Ethereum addresses. All tokens might be distributed after the completion of the final part and might be locked (non-transferable) for a brief validation interval.
Vesting intervals for the tokens:
- Tokens allotted to the workforce could have a vesting interval of two years
- Tokens allotted to the advisors could have a vesting interval of two years
- Tokens allotted to the longer term companions could have a vesting interval of three years
- Tokens allotted to the group and person development is not going to have a vesting interval.
Roadmap
The roadmap is intensive sufficient and exhibits the ambition of the builders and long-term dedication to the venture.
First funding within the venture was in September 2017 and it was 1.5M EUR. All of the funds obtained within the ICO might be divided into three budgets: Growth, Advertising, Scaling. Every might be 8 million USD.
First integrations for real-life testing in retail shops within the BTC Metropolis space will start in March 2018. Throughout this testing part, there might be cautious monitoring of the product and enchancment the place mandatory. This testing part will finish in Q3 2018 and by then the plans are to have not less than a ten % protection within the space. In April 2018, the launch of the beta model of the web platform-BTC market is going down, testing the platform by the summer season of 2018 after which launch of a nationwide advertising marketing campaign in September 2018. The aim is to have the entire pilot product up and working at the start of 2019, with retail shops protection of not less than 30 % within the space. For some motive, the cryptocurrency funds might be enabled on the platform not earlier than Q1 2021.
Group, advertising
The platform was lined in Slovenian, Turkish and worldwide media.
Their Medium weblog has 10 readers. The Bitcointalk thread began on 1st March and has an energetic admin. Youtube channel has about 54 subscribers and three movies. On Linkedin, they’re adopted by greater than 450 folks. Telegram is most energetic of all social media and has a member base of 4800 folks. Their Twitter account has 1743 followers. Their Fb is adopted by greater than 130 000 folks. The disproportion between the Twitter and Fb follower base could also be attributable to that Fb is extra most well-liked social media within the area of Central Europe compared to Twitter.
All in all, we are able to categorize this venture as low to mid hype proper now. The social media that are commonest for speculators in cryptocurrency are Telegram and Twitter. Eligma doesn’t have massive follower base on these social media.
ICOindex profile: https://icoindex.com/profile/eligma-eli
Medium: https://medium.com/eligma-blog
Bitcointalk: https://bitcointalk.org/index.php?subject=3043993.0
Youtube: https://www.youtube.com/channel/UCfshAN27bKPe4f3uBIr7jjA
Linkedin: https://www.linkedin.com/firm/eligma/
Telegram: https://t.me/eligma
Twitter: https://twitter.com/eligmacom
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