[REVIEW ICO] Elementh ICO — Blockchain for ecommerce.

Elementh ICO?

Elementh The ICO is a blockchain for eCommerce, a trademark ownership registrar with the ability to write specialized smart contracts and use standards with catalogs to quickly create multiple applications. right and focus for e-commerce.

Elementh’s goal is to create an alternative protocol for the development of distributed applications used in e-commerce, providing a standard quality portfolio that guarantees ownership of a specific product and The ability to create smart contracts for e-commerce. Elementh will achieve this by creating a built-in blockchain in the Turing programming language, allowing people to write intelligent contracts and distributed applications, allowing the use of integrated product tags. , e-commerce transactions and ownership transfer.

How does Elementh work?

One of the primary goals of the Elementh project is to make the eCommerce market as efficient, reliable and secure as possible. Elementh has set a strong goal to achieve a single classification standard for goods to have a rapid set-up as well as scalable attributes of e-commerce projects.

Elementh will not directly support any applications. The presence of the complete Turing programming language will manage to do so. Or you can understand it simply: arbitrary contracts can theoretically be formed for any type of application and transaction. The Elementh protocol has gone much further than the standard currency.

Some of the highlights of Elementh’s ICO are as follows:

• The decentralized and elemental-based markets of Elementh will allow merchants to use existing merchandise without building any new cards. Commodities will provide a convenience to people. Use her to find the lowest price for any type of product and protect their users from fraudulent / fake products.
• Elementh also helps track the movement of goods. All the details such as distributors, manufacturers, sellers, and buyer chains are stored in Elementh’s It will provide users with an excellent ability to find suppliers with the desired (interest) amount of product.
• The app also gives you an excellent ability to search for goods by geographic location. Seller information, available in Elementh’s containment, will allow the person to find the most suitable place to purchase.
• This system also allows the creation of distributed referral programs for each participating vendor
• The application also provides the ability to contact directly with other participants in the transaction.
• Data from all participants will provide users with counterfeit products at any stage of the transfer of ownership of the goods.
• The seller immediately scored, which allowed the bank buildings to create credits and an overdraft system.
• Elementh blockchain can be used easily by any service provider

What are the benefits of investors?

Elementh contains a commodity system that can be used in a variety of applications ie tracking the movement of a particular item from the establishment date to the current owner or detecting counterfeit goods and tracing one. the original number of goods.

Each investor, seller or distributor contains its own data format and catalog of goods. When we browse something on the internet, we will encounter a number of options and the number of companies that contain specific items and use different names for these items.

Many people think that each product has its own UPC, GTIN, MPN or ISBN. In fact, it happens quietly rarely, making the product process very difficult. UPC, GTIN, MPN, or ISBN data may be wrong. May lead to inaccurate product classification. Therefore, there is no guarantee that the product group will be successfully implemented. Many stores and product providers may have different codes as well as use different characteristics, names, brands, and images for the same product.

A clear and accurate solution to this problem is the formation of a unified catalog of merchandise, which allows users to view offers on interest products on a retail card and store to select homes. Brokers are most beneficial to them.

Overview of ICO Elementh

Elementh blockchain has its own built-in currency, token (EEE), which has two purposes, which firstly provide primary liquidity, thereby ensuring effective exchange between different types of asset, And second, more importantly, to pay transaction fees.

Token: EEE

Price: 1 EEE = 0.0001 ETH

Reward: Yes

Platform: Ethereum

Acceptance of payment: ETH, BTC

Hard cap: 1,500 ETH

Country: Russia / Russia

Whitelist / KYC: Yes Whitelist

Token and ICO program information: EEE, standards and categories: ERC-20

Total tokens: 303 000 000 EEE

Elementh ICO — Token Allocation:

217 500 000 (71.78%) EEE — For investors

EEE — team — For team

40 500 000 (13.37%) EEE — For partners and consultants

Elementh ICO — Private Pre-Sale

Time Private Pre-Sale: 15/01/2018 00:00 UTC

End of Private Pre-Sale: 31/01/2018 23:59 UTC

Private Pre-Sale soft cap: No information available

Private Pre-Sale hard cap: 1500 ETH

Private Pre-Sale Price: 1 EEE = 0.0001 ETH

Private Pre-Sale: 50% Tokens

Elementh ICO — Pre-ICO

Start Pre-ICO: 01/02/2018 00:00 UTC

End of Pre-ICO: 14/02/2018 23:59 UTC

Pre-ICO soft cap: No information available

Pre-ICO hard cap: 1,500 ETH minus during the Private Pre-Sale period

Pre-ICO price: 1 EEE = 0.0001 ETH

Pre-ICO: 1st Day: 30% Tokens, 2nd Day: 15% Tokens

Elementh ICO

Start of ICO: 01/03/2018 00:00 UTC

End of ICO: 31/03/2018 23:59 UTC

ICO soft cap: 10 000 ETH

ICO hard cap: 30,000 ETH

ICO price: 1 EEE = 0.0002 ETH

ICO Bonus: Day 1: 30% Tokens, Day 2: 15% Tokens

Elementh Products

The Elementh project has evolved from the Miiix product (being developed in 2012). And we discovered Miiix is ​​doing business in Russia with investments from RSV Venture Partners and business investors and strong partners such as Sberbank AST and SAP Hybris and 200 direct stores. Small and medium markets and markets.

Miiix has many rewards:

+ Startup of 2013 from Higher School of Economics

Winning IT-startup Eurasia

+ CloudsNN victory

+ Second place of StartupCup

+ Bootcamp Ventures Innovation Xchange (iX), Tel Aviv

+ WebReady final round

+ Final round of MABA

Victory VC Day Ingria

+ Zvorykin Prize Finals

+ The semi-final of Startup World Barcelona

+ Semi-finals Mind the Bridge Trenro, Italy

Elementh ICO — Applications of Elementh

In general, there are two types of applications built on Elementh. The first type is financial applications that give users the best opportunity to manage and participate in cash contracts, including online and offline purchase and sale of products and content, as well. Like tokens built on Elementh software. The second type is non-financial applications, such as identification of counterfeit goods / counterfeit goods in the supply chain, etc.

CASES

Jack’s shoes shop

Jack, the owner of a small footwear shop, was introduced to Elementhblockchain and the opportunities it brought. In the past, Jack had never sold anything on the internet. After learning about the new opportunities, he decided it was time to try selling his shoes through the Elementch blockchain, using vendor-specific apps. Creating a store, turns out to be quite simple and only takes a few minutes. After connecting his accounting program to the application, Jack can recognize inventory and attach them to a single-item type system with good merchandise tags and full data on the features. product. Jack’s merchandise information is immediately updated for all members of the Elementh network. Steve finds Jack’s store with boots he needs and orders immediately. Jack received notice that Steve wanted to buy his shoes. Customer funds are transferred immediately to a smart contract, which means that the order is genuine. After arranging to deliver to Steve, Jack begins his day-to-day work at the store. As soon as the goods are delivered, money is transferred to Jack’s account, meaning he does not have to wait long and immediately, can invest profit into a new product.

Jack and the problem of counterfeiting

One day, Jack decides to diversify his products and sell branded handbags next to the footwear. Without hesitation, he opened the b2b app to find suppliers and manufacturers working in the Elementch blockchain system. And he found the manufacturer of the LOUIS VUITTON bag. He orders, transfers money electronically into a smart contract.After receiving information about Jack’s order, the vendor immediately exports and sends the data on the serial number to the smart contract. Here, when the deal is done, people can confirm that Jack has the genuine LOUIS VUITTON bag in his shop, not fake goods. This is because in the Elementh network, each manufacturer can track the movement of goods and if more than one owner has the same serial number of a product,

DAPPS

1. Decentralized markets based on Elementh. Based on Elementh’s blockchain, any market will be able to allow sellers to use existing goods without creating new products. Product ownership data will allow you to get rid of counterfeit products sold through the market. A unified card will allow you to easily find the lowest price for any product. At the same time, payments can be made with any type of crypto.

2. Track the movement of goods. The manufacturer-distributor chain — the seller — the complete seller, stored in Blockchain Elementh, will allow the search for suppliers for any volume of product, on direct orders of goods from home. manufacturing. We consider this to be the future of eCommerce.

3. Search for goods by geographic location. The seller information available in the Elementh block allows you to find the most convenient shopping location for any item.

4. The right to send messages. The ability to send messages allows you to contact directly with any participant in the transaction. This would allow setting up exchange systems, bidding, obtaining individual purchase conditions and so on.

5. Design house archives. Having all the data needed to set up a shop, the system allows you to create individual referral programs for any vendor in the system.

6. Define search. Data on all supply chain actors will allow tracking of the occurrence of counterfeit goods at any stage of the transfer of ownership of the goods.

7. Assessment through bank. Access to data on all transactions by any participant in the system will allow for immediate recording to the seller, allowing credit institutions to build credit systems and overdrafts.

8. Different verticals. Elementh blockchain can be used by any service provider, such as hotels or airlines with tickets, coupons, or voucher units for information storage and tracking. .

Elementh ICO — Development Roadmap

2012: MIIIX established the company; Invested from RSV Venture Partners and businesses

2014: The total number of product types is 1000

2016: In the MIIIX database there are 70 million SKUs in 30,000 product categories, 1000 stores from different industries, customers from small shops to the largest portal in the field of e-commerce. (Sberbank AST)

2017: The transition to blockchain technology with the introduction of the open source project Elementh

01/2018: Private Pre-SALE (15.01–31.01) — Only whitelist; minimum investment. 10ETH or 1BTC; Up to 100 investors; 1EEE = 0.0001ETH; Whitelist Rewards: 50%

02/2018: Pre-ICO (01.02–14.02) — Minimum investment. 1ETH or 0.1BTC; Max. 1000 investors; 1EEE = 0.0001ETH;Whitelist Reward: First Day: 30%, Day 2: 15%

03/2018 ICO (01.03–31.03) -1EEE = 0.0002ETH; Whitelist Reward: First Day: 30%, Second Day: 15%

06/2018: Alpha version of Elementch blockchain

09/2018: Elementh blockchain TestNet

12/2018: Launch Elementh blockchain program

03/2019: Deploy the first DAPP

Elementh ICO — Team

The project team consists of 10 members, including three founders, who have been working together for many years, which is a big positive moment for the project. Founders with extensive experience in the field of e-commerce are the target areas of the Elementh project, their experience is not limited to Miiix, they have also developed a platform to sell the shares of the Retailer Smallhorse and some other products previously.

Sergey Ryabov: CEO, Founder

Dmitriy Bereznitskiy: CTO, Founder

Vitaliy Mengeshev: COO, Founder

Aleksandr Vasilev: Data Scientist

Sergey Morozov: Ancillary developer

Eugene Prigornitskiy: Ancillary developer

Roman Travnikov: Developer

Sergey Miheev: Administration system

Peter Gashnitsky: UX / UI Designer

Alexander Kholodnykh: Developer

Michael Averbach: Advisor

Sergey Fradkov: Advisor

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Author: trungtin1417

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