What is Elitium (EUM)?
The Elitium platform is a blockchain-based platform that allows users to invest in digital assets and generate yield simply and securely. The platform is powered by the native token EUM. Elitium price is available on the live chart above.
Elitium’s product suite includes decentralized finance (DeFi) savings plans, Bitcoin and Ethereum mining services, cryptocurrency staking, and an NFT marketplace. The platform brings various investment opportunities together, making them accessible through a simple-to-use platform. It also eliminates the complexities and security concerns involved in building and managing a diversified digital asset portfolio. Thanks to the efficiency of Elitium’s technology, users can easily access digital assets and grow their wealth.
Elitium aims to bridge traditional finance and the blockchain, allowing clients to invest in digital assets and manage their portfolios in a trusted and compliant way.
The project is built on the Ethereum blockchain, meaning it benefits from the inherent security of the Ethereum blockchain. However, it uses three other strategies to secure the assets on the platform:
- In-house technology – the project developed its technology from scratch. Therefore, it ensures the platform only uses trustworthy smart contracts when locking assets in DeFi pools. It does not rely on third-party protocols, protecting it from hacks, unexpected failures, and price manipulation.
- Extensive due diligence – Elitium uses third-party services but only after extensive research. The process includes strict quality controls. It only interacts with reputable models.
- Comprehensive insurance – Elitium offers full insurance coverage with policies from Union, Nexus Mutual, and inSure. These services protect clients' funds from any potential threat.
Use Cases of EUM Tokens
EUM is a multi-utility token that fuels the entire Elitium ecosystem. For starters, the project uses the token to settle fees on the platform. It also powers several products, such as staking and DeFi plans. The staking rewards can go up to 28% APY.
Moreover, the Elitium coin also supports an incentive program that rewards users for using the native token. Clients who hold EUM receive 1% cashback on everything they buy on the platform.
Furthermore, Elitium crypto assets also power cloud mining products. You can pay for a share of Elitium’s mining rig space and earn a percentage of the platform’s mining rewards.
Besides that, Elitium token holders can participate in the Early-Bird Investment platform, which includes gaining early access to tokenizing offerings, NFTs, and airdrops.
Also, Elitium coin holders get priority access to quarterly events such as NFT BAZL.
Lastly, users can spend EUM worldwide through the Elitium Card and earn up to 1% cashback.
If you plan to invest in the token, you should research the Elitium price to make informed decisions. You can find the latest information about the Elitium price on the live chart above.
Who Founded Elitium?
Raoul Milhado, Jean-Pierre Morand, and Collin Gelevert are the founders of Elitium. Raoul and Jean-Pierre met in Amsterdam in 2016. Initially, they were exploring how to bring crypto payments into the world of luxury. As their ambitions grew, the two co-founders recognized the need for additional legal and financial expertise. They brought in Collins as the third co-founder.
Raoul has been a driven entrepreneur since his early professional years. He spearheaded Boatster’s move into crypto before becoming Elitium CEO.
Jean-Pierre Morand is a developer who has been involved in frontier tech for many years. He helped bring the internet to France in 1998. He is an expert in cyber security.
Colin Gelevert has worked in global business for over four decades. He has leveraged his financial expertise to set the legal and compliance strategy of Elitium.
Tokenomics of EUM
Elitium coin has a maximum supply of 332,200,000 EUM. The maximum supply strikes a balance between EUM price inflation and the cost of goods. The token value is utility driven.
