Scammy, frenzied, dishonest. The market doesn’t want Initial Coin Offerings. An ICO represents all that’s wrong with financing. Wild profits for founding teams, while the investor watches on as money disappears.
Worse, studies show the ICO doesn’t support the mass adoption of a coin. So even where an offering appears successful, the risk of failure for the company remains high.
To combat these problems, businesses have upped their creativity. Binance offers select projects ‘Launchpad’ to bring users on-board as early as possible; the BitTorrent (BTT) token sale, one such example. Security Token Offerings present a regulated path to investment, a lower risk of fraud is the hope.
And recently, a third model has appeared.
Here, coins partner directly with exchanges to combine marketing efforts, and to offer extra incentives to a specific audience. The tie-up lets high-quality projects get their cryptocurrency straight into the user’s hands, while the profile of the exchange provides a safeguard against fake, or scammy listings.
One promising example is luxury lifestyle coin Elitium, which has joined forces with leading global digital asset trading platform BitMart, to develop an exclusive campaign with community-building incentives.
How an Exchange Listing Drives Mass Adoption
To succeed, a platform needs the right community of initial investors to buy coins. Fewer speculators, more adopters, please.
The BitMart listing enables Elitium to incentivize its prospective Elitium Network via a unique giveaway that revolves around both a deposit bonus and a lottery.
The deposit bonus promises to reward the first one hundred users who deposit more than two ETH with a share of a limited prize pool of 15,000 EUM. The lottery draw, which Bitmart will host, offers users who make a top-50 deposit the chance to win an additional balance ranging from 500 to 5,000 EUM.
Across the two campaigns, Elitium offers early investors a unique opportunity to receive an investment premium – a reward for being the first supporters of the project.
But with the deposit bonus running from 19 February until the one-hundred prizes are gone – and the lottery happening on 8th March – participants must sign up to BitMart now for a chance of winning during this exclusive, debut listing campaign.
For Elitium, the focus of the listing is to create long-term value. Digital payments are the future, after all.
Delivering Value, Long Into the Future
JP Morgan recently launched the first bank-backed cryptocurrency to transform its payments business in a U-turn that will raise a wry smile. The Elitium founding team has long recognized the potential of cryptocurrencies, driving mass adoption with its scalable digital payments solution.
Now, the focus turns to build a real currency of their own.
A cryptocurrency with a clear use case that will remove the administration of say, renting a luxury yacht. Global digital payments that will enable a seamless luxury lifestyle managed through a standalone app with high-end goods and services, AI-powered concierge, and multiple currencies – all at the touch of a screen.
Through an innovative Online ATM providing real-time crypto-fiat conversion, Elitium will pave the way towards the ultimate, blockchain-enabled luxury; coupled with the added cover of a tokenized insurance token – the tailored rewards of EUMX – here is a value proposition that few platforms will ever match.
The network will leverage a simplicity, security, and speed of transaction that only the blockchain can allow, but to realize its vision, Elitium must first attract the right audience.
The BitMart-Elitium partnership is a confident first step.
Click here for details of the giveaway.
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