ELYSIA (EL) has been launched on HIBT on April 29. ELYSIA is a RWA tokenization protocol designed to enable blockchain transactions of real assets around the world. The token symbol of this project is EL, and the total amount is 7 billion. Launched in 2017, Elysia Protocol focuses on tokenizing various real-world assets such as real estate and bonds. The goal of the project is to expand the traditional financial market into the crypto-financial market and build a bridge between the two markets. EL is currently open for trading on HIBT.
Token information
Token symbol: EL
Total amount of tokens: 7,000,000,000
Token distribution and unlocking rules:
Reserve: 12.3% (TGE fully unlocked)
Team: 10.3% (TGE fully unlocked)
Guardianship: 7.6% (TGE does not unlock)
Community: 69.8% (TGE fully unlocked)
Background and necessity:
ELYSIA Protocol is committed to tokenizing real-world assets through blockchain technology so that they can be used in the crypto-financial market. This tokenization process is an important intermediary connecting traditional and crypto financial markets, providing infrastructure for DeFi and decentralized applications (dApps), among others.
Tokenization process:
ELYSIA provides standards and technology for RWA tokenization, allowing owners of real-world assets to tokenize and use them in crypto financial markets. The process includes steps such as applying for RWA issuance, verifying real-world asset information and voting for RWA issuance, and issuing RWA to real-world asset owners.
To resolve ownership issues:
To resolve ownership issues caused by online organizations being unable to prove their legal entity, ELYSIA leverages DAO LLC. By establishing ELYSIA DAO LLC in Wyoming, USA, the project is able to ensure the ownership and legal enforceability of RWA while maintaining the advantages of a decentralized structure.
Future outlook:
ELYSIA's goal is to become a successful example of extending the traditional financial market to the crypto-financial market. By continuously improving the protocol and attracting the participation of experts in various fields, the project is expected to occupy an important position in the emerging crypto financial market and provide users and developers with a broader field of financial services.
Summarize:
ELYSIA (EL) Tokenization Protocol is a promising project aiming to tokenize real-world assets and use them in crypto-financial markets. By providing a standardized tokenization process and solving ownership issues, ELYSIA is committed to building a bridge connecting traditional financial markets and crypto-financial markets, providing support and innovation for the development of the financial ecosystem.
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