Elysian Financial is the industry’s first company to implement a utility token model with intrinsic value backing it.
Since its start, the DeFi business has grown tremendously and there are no signs of a recession in sight. People from all around the world are drawn to the concept of financial independence and the potential for passive income. From important companies such as Facebook to start-ups that have attracted some of the best talent in the industry, everyone is looking to decentralize and build disruptive products that will redefine how we view and interact with technology, social media, and finance itself.
Elysian DeFi platform is expected to absorb all of the currently existing decentralized investment platforms into one portal allowing investors to make investments from one place at one time.
What is Elysian Finance?
Elysian Financial is the industry first company to implement a utility token model with intrinsic value backing it. Elysian LYS token provides a type of financial security not found in other cryptocurrencies. With a unique model for risk management and treasury controls based on real-time data, Elysian token has real and sustainable value.
Elysian Financial is offering a new token format for the next generation of decentralization initiatives. This new class of token brings transparency, compliance and trust back to the cryptocurrency industry by introducing a dual token known as LYS. The main serving of Elysian is a proxy for a basket of assets in the treasury, which combined with the risk free value enables it to have intrinsic worth and guarantees its minting price at $1.
The pre-sale saw the distribution of “pre-Elysian” (pLYS), a call option similar instrument that can be redeemed into Elysian (LYS) by depositing RFV ($1) in the treasury. Those who came in early had the opportunity to participate. Elysian (LYS) tokens will be sold at a predetermined price multiplied by the RFV in the future token distribution.
Elysian Financial is offering a new token format for the next generation of decentralization initiatives. It allows anyone to create their own fund and easily trade it against other funds, providing all participants with a diversified portfolio of digital assets.
Elysian goal is to build a non-custodial protocol focused on algorithmic assets emission and advanced on-chain asset management. From arbitrage to market-making, robo-trading, and ETFs, Elysian treasury will engage in a wide range of techniques.
The first stage of operation
At the fair’s launch event, the treasury and initial LYS supply are the primary goals. Elysian, the next generation DeFi project, is constructing a reserve-backed currency for DeFi 3.0 and the decentralized web. Elysian are glad to introduce it. That’s why Elysian is so excited about the Reserve-Backed Tokens (RBT) in the expanding DEX ecosystem, because they believe that open source projects need to be able to self-fund themselves in order to continue for the foreseeable future.
The fair’s treasury and first LYS supply are its most important objectives upon its launch. Features like OTC for bonds and inverse bonds and vote escrow will not be available for some time.
The initial supply
Initial liquidity will be 16,022.1409 and the supply will be 96,000.022.1409. 80,000 will be offered for sale and 80,000 will be added as a starting point. Avogadro’s constant inspired the initial supply. When a participant buys less than their allotment, everyone who hasn’t yet purchased will see their share of the offering increase.
There will be a LYS sale from april 5 to april 8 (new dates will be announced soon), and you can buy LYS during this time period if you were whitelisted before april 4 (new dates will be announced soon) (deadline extended). The LYS will start at a price of $2.5 at launch. Initial supply and liquidity will be bolstered by the sale’s proceeds.
All tokens sold will generate $200,000 in revenue, which will be split between the treasury and an initial liquidity fund of $120,000 and $80,000, respectively, to support the initial supply (RFV). It will begin trading at $7.48, with a beginning price of $120,000 DAI and a first-day liquidity of $240,000.
The increased transparency for LYS token holders comes from the collateralized assets that back it and the real-time monitoring tools that allow token holder to access portfolio value. This company is revolutionizing the crypto community by offering a new class of token that brings trust, compliance and transparency to blockchain applications.
Elysian financial is a safe haven in the cryptocurrency industry. The use of LYS and other cryptocurrencies are rapidly increasing. Elysian Financial will be participating and providing value to the cryptocurrency market by introducing a new token, which comprises of different token systems.
Details information, Visit link:
Telegram group: https://t.me/elysianfinance
Bitcointalk Username: Aiko Ryzuka
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3397304
Telegram Username: @aikoryzuka
Ethereum Wallet Address: 0xA24009B0041b50f38f745f3A91f8552304E42483