Topic: ANN: ELIXIR (ELIX) Crowdfunding and E-Commerce With Token Rewards - page 53. (Read 172854 times)

If they issued a 2nd token vs consolidating everything to a new token, what would the 2nd token be used for exactly? Would it have a purpose? Do you think people would dump it and just by more elix with it? Personally I like the sounds of 1 token. The dev team has already done a few conversions already so they must have the process down pretty well.

Although I'm one of the people on the TME NovaExchange boat that bought a few thousand TME coins early on. I'm currently waiting to get dealt back in later, so everything is kind of out of my hands right now. I've been sitting on the sidelines watching it grow from 3 cents to $1.25 now. It's been a very impressive growth to watch.

The Elix Tokens you can use for the Elix App the Lending Platform.
You can Lend/borrow Money and earn interest and the rewards.

Here is the quote to your question before:

Quote from the update:
...we are considering having the next token exist as a line extension instead of a replacement. This would mean ELIX would be used predominately throughout the app, with rewards issued through the new token. This would prevent us from needed to build a converter and convert our existing users, and would make the transition to the app more seamless. A new token can still be used throughout crowdfunding projects on the app...

Okay, and for what can we use our Tokens ?

Have you read the Update? The new Token is for the crowdfunding Smart Contract and for the rewards only.

But what I dont understand, why does have our Tokens any value if we are getting new Tokens in a few days/ weeks. What can we do with our coins ?

Would like to know this cause I have a pretty nice bag of Elix.

You're not new to Elix and yet you suggest something so silly? Come on!

Everytime the price moves up there's an increased rate of batch mining, you should know this considering how long you've been with this. 

Ironically your statement to try to make ELIX look like a bad buy makes it look like a better buy! The supply is lower because of them not waiting and earning 5000 tokens per batch or 50,000 total. This means ATH is unknown and still a very small marketcap for a revolutionary lending platform. Sorry if you have missed the boat or sold early. But ELIX won't be looking back at $1.00 unless the whole crypto community destabilizes.

waited for this chance for 3 months so sell at ATH.
I know many miners were waiting to mine batches today and cash out.
EXOR activity shows just how many people mined their batches in last few days:
https://ethplorer.io/address/0x898bf39cd67658bd63577fb00a2a3571daecbc53#pageSize=50

But obviously, they will dump at this price.
The activity of batches increased from 28 Dec so possibly insider trading as well.

Does this mean you are going to fork ELIX -- if so should we have our ELIX stored in an ELIX wallet prior to the Fork happening?

Etherdelta is pretty low volume, easier to trade on kucoin or coinexchange

Sounds like a very well-conceived Project. Im very interested to buy some tokens. But it looks like nobody touching the buy orders on etherdelta Wink What you think how much will this coin rise in the future? Is it possible to sign up for the beta test of the app?

I'm looking forward to the next update what should come today.
ELIX will reach the top 25 on cmc in 2018 if nothing comes up 

No there is no exact date, but the website will be released very soon. The next weekly update will come today, maybe there is some information on that.

My fault, 70-80 million was definitely to high for mid 18, but I think the total supply will be like that.

Stats was updated:
http://elixirtoken.io/stats.html

New maximum Final supply is 117,402,167 
New minimum Final supply is 54,530,432
Batches mined : 57,3%

He is spreading a lot of FUD and has no clue about the project: If everyone decides to redeem their EXOR tokens for ELIX the first year that would put the Supply at 52-million. It seems quite a few as of this post 30M have been redeemed. Which say's it is very likely that it will be around the 50-60M supply which is less than SALT and would put the PPT above SALT's price. This is a hidden gem don't listen to the idiots who don't know how to read a whitepaper.

The resulting minimum total supply would
therefore be 51,412,500. In contrast, the maximum total supply count with the maximum batch
size of every batch (50,000) would result in a total of 205,650,000. However, at the time of
revising this whitepaper, the current maximum total supply size is 139,356,672 and the
minimum total supply size is 52,727,808. It should be noted that because of this mining model,
the total supply count will follow a pattern of convergence; the sooner genesis pair address
holders mine their batches, the lower the maximum total supply will be. However, the longer
they hold, the higher the minimum total supply will rise. Early creation of batches will cause low
inflation in the long term. As of the time of this whitepaper revision, 42.5% of batches have
been mined. Eventually, these values will converge and ELIX will reach a final total supply count.
We estimate that this value will most likely be around 60-70 million tokens.

Does Elix still plan on doing a new token conversion in a 2:1 ratio to limit the overall supply? They had mentioned it in their last AMA.

No way the supply will be that high. If everyone was to mine their tokens right now, the total supply would be around 54 million. So maybe 50-60 million supply by mid 2018 but not 80 million.

Youre wrong because the final supply is not reached yet, it will be about 80-90 million coins so for 7-8$ we would need 700-800 million marketcap to reach 7-8$.