My take on ELIX, and why I think it will take off.

INTRODUCTION

Let me explain - if you don't know anything about the coin, ELIX can be roughly broken down as follows:

1. A mobile wallet sending/receiving platform

2. A crowdfunding platform

3. A peer 2 peer lending platform

Now, the 1st part is nothing new - this is being done by a whole range of coins - neither are the 2nd and 3rd parts.

But, that's the beauty of it - it's a proven model that has made a LOT of founders rich.

To put it simply, Crowdfunding and P2P Lending have blown up over the last few years in the startup world, outside of blockchain and cryptocurrencies.

However, both are perfectly suited to a decentralized p2p blockchain solution, which is exactly what Elixir is offering.

Why ELIX?

1. An actual, useful use-case: It's aiming to become a service where friends and family can service loans easily, and when completed, both the lender, and the loantaker are rewarded
2. Active and communactive devs: This is hard to get these days. These guys posts on their Telegram daily, and are actively sharing their progression
3. Realistic but incredible roadmap: They just released their website, which looks gorgeous, and their team (which I will come back to). Their mobile app is being released in Q1, and they have already shown us the software in action.
4. Extremely low mcap: Inevitably an important factor as well. I personally believe this is one of the most underrated coins available at the moment, considering the transparent developer team, that they have a working demo, and that they've met our expectations brilliantly so far.

COMPETITORS

It's biggest competitor is SALT, which is residing at 691mil mcap, while ELIX is currently at 28mil. I believe this ratio is skewed, as when you compare the two, ELIX has numerous advantages, such as;

• Not geographically restricted (Only US citizens can use SALT, anybody can use ELIXIR)
• Allows for any type of loan (SALT's lower bound is 5k$)
• Allows for anonymous lending (SALT's user must through a membership review to be eligible to use the platform)
• Completely decentralized
• Completely feeless
• Incentivizes lending (ELIX rewards users of their platform with tokens on the completion of a loan).
• Uses their tokens for lending (SALT's tokens has no actual value, they're effectively stocks)

TEAM

David Jackson - Cofounder

Stanford University graduate Previously worked at Stanford Intelligent Systems,(SISL) Stanford Space Rendezvous Lab(SLAB), and a nano particle lab at Duke University

Munir Safi - Cofounder

Graduate of Indiana University Degree in Computer Science with focus on intelligent systems Professional working experience as Software Dev for GM Experience technical background (6yrs) from Technical team consultant to Full Stack Developer

Roadmap/Current development

http://ift.tt/2yqTqfk

DISCLOSURE: I am a ELIX holder. This is not financial advice.

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