Welcome to the world of Elysian (ELS), a token minted on the XRPL that stands at the heart of the innovative A-E ecosystem. Pioneered by Aesthetes, an Italian Limited Company, this ecosystem aims to merge fine art with blockchain technology, creating the first marketplace of PHYGITAL NFTs. These unique NFTs blend the physical and digital realms, turning tangible artworks into digital masterpieces. Beyond just PHYGITAL NFTs, Elysian also empowers holders to vote on which international digital artworks will drop in the marketplace. As the A-E ecosystem expands, more companies will integrate Elysian into their business models, driving forward a new age of blockchain-powered art and commerce. Dive in and discover how Elysian is poised to reshape the future.

What is Elysian (ELS)?

Elysian (ELS) is a token minted on the XRPL (XRP Ledger) and is central to the A-E ecosystem, which also includes the Athena (ATH) token. The A-E ecosystem is designed to integrate blockchain technology with fine art, creating a unique marketplace for PHYGITAL NFTs. These NFTs are a fusion of physical and digital art, managed and custodied by Aesthetes.

The A-E Ecosystem

The A-E ecosystem is a broader framework that aims to integrate more companies into its business model. The first adopter of Elysian is Aesthetes, an Italian Limited Company that seeks to merge fine art with blockchain technology. Aesthetes has created the first marketplace for PHYGITAL NFTs, which are digital artworks based on physical ones. These physical artworks are bought, managed, and custodied by Aesthetes.

PHYGITAL NFTs

PHYGITAL NFTs are a revolutionary concept that merges the physical and digital worlds. These NFTs are digital representations of physical artworks, providing a new way to own and trade art. In addition to PHYGITAL NFTs, the marketplace will also feature digital artworks created by international digital artists. Elysian holders can vote on which digital artworks will be featured in the marketplace, giving them a say in the curation process.

Expanding the Ecosystem

The A-E ecosystem is designed to be expansive, with more companies expected to integrate Elysian into their business models in the near future. This broader adoption will drive the growth and utility of the Elysian token, making it a central player in the blockchain and fine art space.

Elysian Market Data

Understanding the market data for Elysian is crucial for potential investors and users. Here are the key statistics:

• Current Price: $0.0038
• Market Cap: $0.00
• 24h Price Change: -13.03%
• 7d Price Change: 29.98%
• 30d Price Change: 88.66%
• 24h High: $0.0043
• 24h Low: $0.0038
• All-Time High: $0.1788 (2021-11-27)
• All-Time Low: $0.0014 (2023-10-29)
• Circulating Supply: 0.00
• Total Supply: 0.00

Purpose and Utility of Elysian (ELS)

Solving E-commerce Security Issues

The Elysian crypto token (ELY) is designed to fuel a blockchain-powered e-commerce platform that aims to build trust between businesses and consumers by redefining security and efficiency. The platform is built on the Ethereum network and utilizes the Proof-of-Authority consensus algorithm to ensure the creation of an ecosystem with a private blockchain for storing encrypted credit card information and other sensitive data.

Enhancing User Experience

The Elysian system addresses the lack of trustworthy cybersecurity in the e-commerce industry, particularly in the form of identity theft, by providing a secure storage solution for customer data. The integration of artificial intelligence and virtual reality technologies allows shoppers to enjoy a personalized shopping experience from the comfort of their homes, while still maintaining a level of engagement typically found in physical stores.

Utility and Functionality

The ELY token serves as the native currency of the Elysian platform, allowing clients to use it for their own businesses and access an upgraded level of functionality. The token also functions as a foundation for future businesses entering the e-commerce space, serving as an intermediary between Elysian's clients and their target consumers.

Long-term Vision

Elysian's long-term business model envisions a future where technological advancements, such as blockchain and artificial intelligence, are integrated into the e-commerce industry, potentially leading to hyperbolic growth. The team behind Elysian is led by CEO and founder Leo Ameri, a technology entrepreneur with successful stints in multiple e-commerce stores, and includes a diverse lineup of advisors with expertise in various fields, including blockchain, fintech, and marketing.

Tokenomics and Distribution Model

Dual-Token System

The Elysian crypto token uses a dual-token system, consisting of RAY and SKY, to facilitate its tokenomics. This approach aims to align the interests of long-term holders, regular users, and validators by ensuring that network activity growth benefits all participants. The Elysian Grinder, an automated central bank, manages the supply of these tokens.

Token Distribution

The Elysian token distribution model includes the following stakeholders:

1. Founding Team: The founding team's allocation is not explicitly mentioned. However, the token distribution process typically involves allocating a portion of the total token supply to the founding team, advisors, and early backers.
2. Community: The community, including regular users and validators, benefits from network activity growth. The Elysium Grinder ensures that transaction growth results in gains for all participants.
3. Investors: The Elysian ICO raised $7.00M in 2018, indicating investor interest in the project.
4. Elysium Team: The Elysium Team will put a single SKY in the Grinder queue at a price sufficient to issue a billion RAYs, ensuring that there will always be demand for SKY in the Grinder.
5. Exchanges: SKY will not be burned when trading on exchanges. Instead, a DEX in Elysium will allow for SKY-RAY trades, maintaining a correlation between the exchange price and the Grinder queue price.

Inflation Control Mechanisms

The Elysian tokenomics model includes mechanisms to control inflation, such as token burning and staking rewards. These mechanisms ensure that the supply of tokens remains balanced and that the value of the tokens is maintained over time.

The Team Behind Elysian

Core Team Members

The Elysian crypto token was developed by a team of experienced professionals with a background in blockchain technology and e-commerce. The key team members include:

• Leo Ameri (Ramin): CEO and founder, a serial entrepreneur with a background in technology and marketing. He has founded several successful startups and has extensive experience in the blockchain industry.
• Jesse Brandenburg: A seasoned software engineer with a background in blockchain technology. He has worked on several successful blockchain projects and has a deep understanding