Friday, July 19, 2024

Eligma. ICO date: Presale — 20 March 2018… | by Baserank

ICO date: Presale — 20 March 2018 12:00:00 UTC — 10 April 2018 11:00:00 UTC

Public crowdsale — 17 April 2018 11:00:00 UTC — 8 Might 2018 11:00:00 UTC

Ticker: ELI

Token kind: ERC-20

Token worth: 0,10 USD

Token allocation: 60 %

Presale: sure, objective is to gather 16 000 000 USD (15 % bonus)

Nation of registry: Slovenia —

Provide: 500 000 000 ELI (mounted provide)

Accepted forex: ETH

Mushy Cap: 4 000 000 USD

Exhausting Cap: 24,000,000 USD



Group: 4/5

Product: 4/5

Token use case: 3/5

Token sale: 3/4

Roadmap: 3/3

Neighborhood: 2/3

Hype: 2/3


  • Giant market to disrupt with predicted robust development sooner or later
  • Cooperation with BTC Metropolis
  • The primary section of the platform is already being examined, additionally a beta model of the cellular pockets and the POS system
  • A robust group with confirmed profitable initiatives prior to now
  • 6 strategic partnerships
  • Affordable onerous cap
  • Vesting interval of two years


  • Whitepaper reveals solely the concept, not a lot from the technical facet or platform structure facet
  • Crypto funds are enabled on the platform on Q1 2021 based on the roadmap
  • About one yr of ready till there would be the official launch of the platform for broad public
  • 11 advisors obtain 5% of all tokens
  • Big selection between the delicate cap and onerous cap
  • No particular person caps


A platform for commerce with the objective being to save lots of time that customers spend on looking out and buying merchandise by using synthetic intelligence. It would advise customers, which merchandise to purchase by making an allowance for merchandise elements, high quality, worth, delivery time and prices in addition to different components.

The challenge is specializing in a number of key developments and issues recognized in conventional retail in addition to on-line purchasing and provide a set of beforehand not possible or unanticipated options to find, buy, observe and resell objects. Eligma goals to turn out to be an AI-driven and blockchain-based platform that acts as a private commerce agent.


There are about 22 technical builders in complete engaged on the challenge. Group has strong illustration in Gross sales, design and advertising. A bit discouraging for buyers could also be that there are 11 advisors will obtain 5% of all tokens.

Dejan Roljič — Founder & CEO — One in every of his newest successes was ABC Accelerator (which he based), an accelerator devoted to high-tech firms from the South and Central Jap European areas with places of work in Ljubljana, Silicon Valley, Munich, Kiev, and Sarajevo. As off at this time, ABC and Dejan invested in additional than 80 startups from all over the world. Dejan additionally co-owns a software program growth firm with 120 workers. He additionally based a 3D printing start-up and on the identical time started investing in numerous progressive firms.

Matej Gregorčič — Co-Founder — He based a advertising company and took it from promoting concepts in a shared workplace area to changing into {one of the} greatest occasion administration businesses in Slovenia. Additionally, he’s a CEO and Founding father of Viberate — a platform that joins the whole stay music ecosystem beneath one roof. It acts as IMDB for stay music, the place profiles are ranked based on their on-line reputation, primarily based on day by day up to date social media stats, latest content material, gig dates, and contacts.

Jože Mermal — Co-Founder — Since 1993 he has been efficiently managing the BTC firm ( because the President of the Administration Board. Based mostly on his initiative, a BTC Metropolis-one of the most important enterprise, purchasing, leisure, recreation and cultural facilities in Europe was established. Unfold over than 400,000 m2 it yearly attracts greater than 20 million guests. Underneath his administration, BTC based ABC Accelerator, Slovenian Science Basis and the Worldwide administration faculty IEDC Bled.

Alexander Danilov — Chief Expertise Officer — Greater than 10 years of expertise in IT and a strong information in constructing web-services and growth processes. He acquired most of his information main initiatives associated to billing programs, information processing algorithms, consumer interface and APIs. He has, specifically, information in software program structure design and growth of excessive load companies.

Boštjan Mrak — Lead Machine Studying Engineer — Machine studying engineer with a deep studying specialization and software program growth background. He additionally constructed an entire eCommerce system for {one of the} largest sports activities diet shops in Slovenia and has about 18 years of software program growth expertise.


The platform is reaching right into a section the place the amount of gross sales reached 2.3 trillion U.S. {dollars} in 2017 and is anticipated to double within the subsequent 4 years (Statista, 2018). On-line purchasing is among the hottest on-line actions worldwide. In 2016, retail e-commerce gross sales worldwide amounted to 1.86 trillion U.S. {dollars} and e-retail revenues are projected to develop to 4.48 trillion U.S. {dollars} in 2021 (Statista, 2017).

The BigCommerce survey revealed that 67 % of Millenials and 56 % of Gen Xers want to look and buy on e-commerce websites somewhat than in a retailer. Each teams spend on common 6 hours purchasing on-line per week. (BigCommerce, January 2018)

Preferences to purchase in-store vs. on-line are completely different amongst completely different classes, however with yearly the share of on-line gross sales is rising. The second-hand market has its personal specifics however can be rising quickly. Annual internet income of eBay, presently the most important used items market, has grown by 7 % in 2017 and has reached nearly 10 billion U.S. {dollars}.

Discovery will use a deep neural network-based product suggestion engine to seek out the very best offers for merchandise customers are in search of. Eligma algorithm may even provide different options that match the customers’ necessities so there might be no have to seek for merchandise in hundreds of on-line sources anymore. A single purchasing cart and checkout course of will suffice to finish purchases in a number of on-line shops directly and cryptocurrency fee gateway will allow customers paying with cryptocurrencies, even when the net retailer they’re shopping for from doesn’t assist them but. Eligma will create a blockchain-tracked Digital Merchandise Profile (DIP) for each merchandise bought by way of the platform, the place customers can retailer a number of data, together with Proofs of Buy. It is going to be saved on blockchain protected database — Implementation of a decentralized database that makes use of the InterPlanetary File System and is protected by the Ethereum community and its blockchain (sidechain).

Each DIP might be routinely written into the consumer’s stock. To ensure that the consumer to have an outline of all of the objects in his family, he may even be capable of manually add elsewhere bought objects. Inside the stock, customers will be capable of see the AI-predicted present and future merchandise worth. Eligma’s family buying and selling agent will notify customers when the very best time to promote the product and routinely generate and publish listings on chosen second-hand on-line shops 10 with a single click on. Eligma will act as a trusted middleman and guarantee equity of contractual phrases or it may be managed by a wise contract.

Eligma will consolidate retailers in an built-in open-loop common loyalty system and supply a easy and handy consumer interface. There might be no have to register with a standalone loyalty program for every service provider and customers will be capable of redeem acquired ELI tokens with another community member.

The group will develop a code scanning open supply code for use use inside the Eligma cellular app or by way of the APIs applied in any third social gathering utility. With it, customers will be capable of scan the barcode (EAN, UPC) or QR code of a product displayed in a bodily retailer. The app will acknowledge the product utilizing the present Eligma`s database and supply customers the precise description of the product and greatest methods to buy the product.

Eligma might be in compliance with Normal Knowledge Safety Regulation (GDPR) from its inception and consumer information privateness might be revered based on the required requirements.

The challenge is already collaborating with BTC Metropolis which lies in Ljubljana, Slovenia and encompasses greater than 10,000 manufacturers, 3,000 firms, 450 shops and 70 bars and eating places. It yearly hosts over 20 million guests. The primary section of the net platform is already developed and is presently working in take a look at mode. It already helps funds in some cryptocurrencies (BTC, BCH) and extra will observe shortly. The platform is curated by the enterprise start-up BTC Metropolis and is enabling customers to buy merchandise, provided by the offline retailers within the BTC Metropolis space.

Eligma’s most important income stream will at first come from an associates program that’s efficiency primarily based. Whereas Eligma will function a window to all of the completely different on-line shops and marketplaces by merging them beneath one roof, the affiliation program will observe the gross sales in shops, to which customers might be redirected and Eligma will obtain a fee on these purchases. This module could be very standard amongst sellers since they profit when it comes to advertising, visibility, web site visits and consequently larger gross sales. It allows further advertising that’s free till the acquisition is definitely made.

Additionally, there might be provided completely different promoting modules based on completely different posting locations, sizes, frequencies, and durations. This function might be payable with fiat currencies in addition to extra standard cryptocurrencies. When promoting might be compensated with ELI tokens, customers will obtain further promoting rewards.

Token use case

Customers will be capable of earn loyalty tokens not solely by performing sure actions on the platform, but additionally by making purchases at another on-line or offline service provider, included in this system, or by merely shopping for them on an internet trade. The vast majority of platform options might be free however a few of them may solely be unlocked with ELI tokens. With the adoption of cryptocurrencies, ELI tokens might be used for purchases in any respect retailers concerned within the platform´s loyalty program.

The principle use case of the tokens might be categorized as:

  • Product hunt — When ordering a product hunt, a sure consumer’s steadiness of ELI tokens might be locked. If Eligma discovers a product that fulfills the consumer’s necessities, tokens might be launched to Eligma and returned to the consumer in any other case.
  • Second-hand listings — Customers can have the choice to push an merchandise of their stock to all of the second-hand on-line shops, linked to our platform. Eligma would require customers to make the most of ELI tokens to carry out this service.
  • Escrow charges — When a vendor creates a list and selects Escrow service as a potential function to finish the sale, he might be required to deposit ELI tokens for the service.
  • Decentralized Merchandise Sale — When a vendor and a purchaser resolve to finish an merchandise sale in a decentralized means, they should deposit the quantity of ELI tokens, equal to the merchandise worth, as a motivation to efficiently fulfill contract obligations.
  • Promoting — ELI tokens might be utilized for commercial area on the platform. • Different Eligma options ELI tokens might be used for different Eligma’s options in each the offline and on-line worlds. The primary such options would be the POS programs and {the marketplace} for our companion firm BTC Metropolis.
  • Buying chosen objects — Eligma will provide a restricted quantity of pre-selected objects, which customers will be capable of purchase with ELI tokens solely.

Retailers can have a service provider account on the platform and with it the chance to reward their loyal prospects. Few examples:

  • Each buy is rewarded — When a buyer purchases one thing, the service provider may give away ELI tokens as a “cashback” reward. This selection is feasible for both on-line or offline purchases. Service provider’s profit: Rising gross sales
  • Backtrack rewarding — Because the Eligma system is already gathering details about prospects’ purchases, a service provider will be capable of resolve he needs to reward everybody, who purchased a sure product from him prior to now. Service provider’s profit: Higher recognition and positioning, which lead to higher future gross sales.
  • Product rewards — Service provider can announce that each buy of a product throughout a time interval will lead to an ELI token reward for the purchasers. Service provider’s profit: Higher gross sales of a particular product he needs to advertise or promote out.

Customers can use the token as an incentive to be lively on the platform:

  • Wishlists leading to gross sales — When a created wishlist ends in a direct sale, the consumer who printed the wishlist might be rewarded with ELI tokens.
  • Social media actions — When a social media share or put up ends in a direct sale, the consumer who created the put up might be rewarded with ELI tokens. Customers will be capable of withdraw ELI tokens to their non-public Ethereum wallets or on-line exchanges and commerce with them.

Cryptocurrencies have gotten increasingly more acknowledged amongst the broader inhabitants and are slowly getting into the mainstream. In response to analysis, bank cards remained the net customers’ most popular fee methodology worldwide in March 2017 and cryptocurrencies reached 3 %. This share is anticipated to extend, because the final analysis performed in July and August 2017 in Germany already confirmed that 11.4 % of individuals expect to make use of cryptocurrencies for conducting funds sooner or later. (Statista, 2017)

Token sale:

Completely a 60% of the entire mounted provide might be offered to the general public. Tokens, not distributed within the presale section, might be transferred to the following section. Unsold tokens within the crowdsale section might be transferred to a fund, devoted to rewarding plans for Eligma platform customers. If the equal worth of all contributions is not going to attain the delicate cap, all contributions might be returned to the contributors’ Ethereum addresses. All tokens might be distributed after the completion of the final section and might be locked (non-transferable) for a brief validation interval.

Vesting intervals for the tokens:

  • Tokens allotted to the group can have a vesting interval of two years
  • Tokens allotted to the advisors can have a vesting interval of two years
  • Tokens allotted to the longer term companions can have a vesting interval of three years
  • Tokens allotted to the neighborhood and consumer development is not going to have a vesting interval.


The roadmap is in depth sufficient and reveals the ambition of the builders and long-term dedication to the challenge.

First funding within the challenge was in September 2017 and it was 1.5M EUR. All of the funds obtained within the ICO might be divided into three budgets: Growth, Advertising and marketing, Scaling. Every might be 8 million USD.

First integrations for real-life testing in retail shops within the BTC Metropolis space will start in March 2018. Throughout this testing section, there might be cautious monitoring of the product and enchancment the place crucial. This testing section will finish in Q3 2018 and by then the plans are to have at the very least a ten % protection within the space. In April 2018, the launch of the beta model of the net platform-BTC market is happening, testing the platform by way of the summer season of 2018 after which launch of a nationwide advertising marketing campaign in September 2018. The objective is to have the entire pilot product up and operating at the start of 2019, with retail shops protection of at the very least 30 % within the space. For some purpose, the cryptocurrency funds might be enabled on the platform not prior to Q1 2021.

Neighborhood, advertising

The platform was lined in Slovenian, Turkish and worldwide media.

Their Medium weblog has 10 readers. The Bitcointalk thread began on 1st March and has an lively admin. Youtube channel has about 54 subscribers and three movies. On Linkedin, they’re adopted by greater than 450 individuals. Telegram is most lively of all social media and has a member base of 4800 individuals. Their Twitter account has 1743 followers. Their Fb is adopted by greater than 130 000 individuals. The disproportion between the Twitter and Fb follower base could also be attributable to that Fb is extra most popular social media within the area of Central Europe compared to Twitter.

All in all, we will categorize this challenge as low to mid hype proper now. The social media that are most typical for speculators in cryptocurrency are Telegram and Twitter. Eligma doesn’t have giant follower base on these social media.

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