Topic: [ANN] Elitium - A Digital Economy to Lead a Life of Independence, Value & Growth - page 2. (Read 2039 times)

Without owning physical gold, users must trust vault storage. It has an inherent risk that always presents in all custodial accounts, whether PAXG or Elitium proprietary vault (just hypothetical regarding Masulum's comment). In addition to embezzlement et al., companies also have risks associated with incompetence, like what if PAXOS gets default, is the token still redeemable, etc.

I have some gold stored in a state-owned enterprise (SOE), and it still has some risk associated with country default (country risk).

I'm not trying to fear-monger but to inform users that there are pros and cons of tokenization. Pros would be the convenience and everything that good from technological capabilities, and I agree that converting physical gold to fiat (or else) is troublesome. Well, since nothing is perfect, why not diversify? Users can easily own both physical and gold token. 

I think the risk mu_enrico is referring to the risk if something happens to PAXG. We know, even though they already have a community and users globally, we still have to think, is it really safe to use the service? It will be different if Elite has its own gold backup without 3rd party, then this risk level will be smaller, because Elite holds its gold not from other providers.

It's a far easier method to own gold versus carrying the physical storage or having it as a note. Of course, people like to own gold because it is stylish and represents luxury and wealth- absolutely nothing wrong with that!

Gold took a recent hit today. Instead of going to the local gold shop to buy a new chain or ring to sell at a later date, you can easily do the same with EUM or other cryptos. Talk about saving time, money, and patience.

With the adoption of gold within the crypto ecosystem, we will be able to see a lot more appreciation in value, also with other precious metals.

Which risk are you referring to? The regulatory aspect of it or physical vault storage?

PAXG would have some benefit especially if you used to own gold on a local provider. Usually, the provider uses the market marker system where there is fix spread of buy and sell, and it's usually pretty wide if we view it from the crypto perspective. The price movement is also quite slow. Also, there are buy/sell fees. With PAXG, you can trade it on big exchanges, and the fees are minuscule compared to the traditional gold companies. However, there is a risk associated with the company, the same with the conventional companies.

Gold is a safe-haven asset. Here are 5 benefits of buying gold with EUM.

1. Low Minimum Investment: You can buy as little as $20 worth of gold using PAXG. Your purchase settles almost instantly. And given it’s an ERC-20 token, you can store PAXG in any Ethereum-compatible wallet and trade it on most exchanges.

3. Own Real Gold: PAXG is the only digital token you can redeem for real gold bullion bars. Head to any physical gold retailer and get your hands on real gold (or request the dollar equivalent if that's your preference.

4. Check our Blog...

4. Check our Blog...


Read more about investing with EUM here: https://www.elitium.io/blog/5-reasons-to-buy-gold-using-elitium

one question from me regarding this, this means what kind of PoS consensus will EUM be running? Does it still refer to the existing staking model, or it's there are other crypto collaterals for the reward? However, if we staked to get another coin reward, of course there will be some kind of stock of crypto for that reward.

There will always be territorial restrictions due to global sanctions and black-listed countries. Every month, KPMG releases an updated list of blacklisted EU countries that are unable to have access to a lot of the financial solutions provided within the continent. You can find the list here: https://home.kpmg/xx/en/home/insights/2020/10/etf-435-eu-blacklist-update.html

For cryptos that do not rely on KYC or other compliance purposes (Bitcoin, as a prime example) is not exempted from anywhere around the world. However, the services that are offered will be very minimal in these blacklisted countries. Being a healthy, compliance startup is key to growing past the competition and achieving potential in the eyes of the masses and institutions.

There are a lot of DeFi platforms and wealth management systems- however Elitium offers new sauce to the recipe when it comes to staking and holding EUM. For example, you are able to receive PAXG for holding EUM instead of the token itself as well as other assets that will be included in V2 of the dashboard. Aside from staking crypto2crypto, Elitium will offer an array of assets you can earn to help diversify your portfolio even further beyond crypto itself. You can read more about it in our blog post here: https://www.elitium.io/blog/why-diversified-cashback-is-the-next-big-thing

... Our crypto card is quite boujee, too. 

^ It would be amazing if this platform could operate globally and provide crypto services to users without any territorial restrictions. But I have seen many platforms like this, what makes Elitium different from other competitors?

This is great news for those who are following this project. So maybe when the gda.capital update their list of partners, Elitium will be included in the list here -

https://gda.capital/team/#partners

Expanding your operations is really vital in the continuity of the your platform. Also, the more partnerships you will closed, the better for your project to thrive in crypto business.

Perhaps with all data being stored in centralized servers, there must be a technological solution. Theoretically, if you were to collect data just on a specified blockchain and PGP encrypt it with your own keys... Wouldn't this save a lot of money in the security world? Of course, the average phone and laptop user may not be privy to this knowledge but when we undergo a earth-threatening data leak, maybe there could be time for some big technological changes. Data privacy is still quite limited but GDPR is a great help.

"ANOTHER ONE"

After a long week of wrapping up deals and speaking with new business partners, Elitium proudly announced the latest edition to our partner board: GDA Capital.

Some of you may have heard of them, notably Michael from MLG Blockchain. They have been focusing on assisting early-stage projects since 2016 and have led the success in many of their partnerships.

What does this partnership include for Elitium?

To summarize, here's how we both parties plan to leverage the tie-up in the coming months:

- Add human resources, grow Elitium's network, and deepen industry expertise
- Access a broad family office network and speak at industry events
- Focus on expanding in North America and Canada
- Build relationships with the world's leading crypto exchanges

Read more in the latest press release found here: https://www.marketwatch.com/press-release/elitium-announces-official-partnership-with-leading-crypto-fund-gda-capital-2020-10-29?tesla=y

Thank you for your answer, I'm just remember about
data leaking of voice records that happens because of Google partner, of course GDPR is good, as you say cyber crime is the real enemy for our online data, maybe destroying activity tracking can minimized risk of leaking VERA users activity like Google Voice case. CMIIW

Yes, privacy and security issues are serious issues that you should pay attention to. In my opinion, the guarantee of privacy security through the GDPR is not without flaws. I read that there are some personal documents required to run VERA. You need to analyze, Personal data, Passport information, related credit cards and social accounts. All of the above documents are our important documents, if indeed you have referred to the GDPR, that's fine, but at least you have to exercise your rights and obligations regarding the GDPR and ensure our privacy will remain safe forever.

What kind of devices do you use? You know you can always change this "retarded robotic voice" to a preferred accent with most.

Also, nobody said they were going to flip the IOT industry. Especially in America, a lot of people use Alexa and Siri to voice activate multiple tasks on a daily basis.

IMHO, as long as Elitium complies with the GDPR, it won't be a problem (from the legal perspective) because companies always have their customers record. The problem is with security, like how to prevent data leak, stolen, etc.

Since we don't have GDPR here, when we use local online booking platforms, our privacy is at higher risk.

sometimes we need it, we need a machine in our daily life, maybe all of them not a robot, but they are working like a robot, when you are setting up alarm, you are use a machine, IOT not just a trend but the adoption of IOT and virtual assistant like VERA will help human when they need it. same like when you are set that alarm, maybe you need it rarely, at least we are accept it as something useful for our life.

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and back to VERA, maybe the main issue about this is privacy, do all activity from user will be stored on a database to personalized activity or it will destroyed after the event already done. as your example "Hi, VERA, book me a ticket", when she is doing the task, what happen after this activity?

thanks for answer

Voice agent, is that something in ur phone that translates a e-book for u? ahh I got it its a retarded robotic voice that tells u where to buy tickets and wheres the nearest shopping mall. Who da hell cares. Dont tell me this is the new trend or that its gonna flip the IOT industry. U cant ask blockchain to build a robot to tell u whether u need sticks to eat ur chowder.

Okay, so here is what I understand:
- The AI still a long way from ready, understandable since @masulum said it's planned for the end of 2021.
- No VERA on elitium dashboard v2.
- The main focus at the moment is investment functionality.

Anyway, I forgot the last time I use/stake ERC-20 tokens, you know, because of fees and stuff. What happens with Elitium if ETH failed to scale?

I have to say that I am not sure, but basing my guess from the qyoted text below, the first impression I got when I read about VII was that Amazon (through Alexa program) hosts multiple voice assistant that works upon specific name trigger. The way I perceive them is roughly, if I may use a poor example, like how android can host multiple keyboard at once and we can switch between keyboards.


So, in my mind, it'll be like:

*in a morning*
*Alexa wakes you up via alarm and lamp brightness*
User: Alexa, what events do I have today?
Device (through Alexa): Good morning, Darkness, wivey's birthday is today, you have a video conference in five minutes and a meeting with Elitium at 13.00 in Dubai
User: ok then. Vera, buy something for my wife. Portal, set a video conference in five minutes.
Device (through Vera): looking for some bags and shoes.
*user interact with Vera for 5 mins, looking for shoes*
Device (through Portal): This is Portal, your video conference is ready.
User: Vera, buy that green shoes and Portal, connect me to the conference room.
*after video conference*
User: Portal, book my ticket to Dubai
Device (through Portal): that's look like something Vera can help with.
Device (through Vera): hi, Vera here, how can I help?
(This transfer between voice assistant performance actually shown on their demo video on 6.20)

Do you know what they mean by "voice agents" when referring to combining these systematic entries? Would it categorize recognized voices based on the household using it?

There isn't any rush to develop VERA as it needs to be structured and presented properly. AI is based off a lot of different algo, esp machine learning. It's like watching a child grow up- you can't rush him to get a job and help pay the bills

Alexa and Siri have made incredible developments within the past few years. However, with VERA, it will help support the same use-case Alexa makes as a virtual assistant. "Hey
VERA, book my next ticket to Dubai!"

There is further information on VERA in a medium blog we released last year: https://medium.com/elitium/https-medium-com-elitium-the-future-of-luxury-97af750f7d58

I can't wait to update you all further with the future developments. The V2 launch of our dashboard will be a game changer to the Elitium ecosystem.