What do you guys think of Elixir?
Elix is a base token for a lending service that will analyze financial transactions and reward borrowers for paying off loan installments on time. In addition, the lending service will eliminate the need to pay for brokers. These incentives and automatic recourse will give the lending system an advantage over both fiat currencies and other virtual currencies.
...
I hate to be negative, but just think about this:
It’s a token that is designed to reward people for paying off loans in time. What kind of a bank uses cryptocurrencies, and if they did what makes you think that they wouldn’t design their own? In the long term, once the hype dies down, I don’t see any kind of token like this doing well.
Not that I wish anything bad against Elixir, it’s just I don’t see any uses for it (making it only backed by hype).
