Elya is one of the projects I've been following closely since it's inception. The project just came out with a new White Paper describing the current status and plans for the future. I document worth reading! And it is also a truly GREEN project with an added emphasis on social and environmental aspects through it's new foundation part. In my opinion it's one of the most interesting crypto projects out there. Let me explain why.
Background:
Elya coin was born a little over one year ago. Elya however is much more than just another crypto coin. Elya is a concept in itself. It consists of a 3-dimensional universe made out of:
- ElyaTel - a mobile operator providing mobile phone services and an anonymous SIM card
- Elya Coin - a crypto coin used to buy air time for the ElyaTel SIM card
- Elya Foundation - a foundation aiming to make a social and environmental impact.
I'll break these down a little bit below.
Now the key connecting dots about the first 2 are obvious. You have a SIM card which is a crypto hardware wallet at the same time and you have the coin to use. Think about the possibilities this opens up:
- It provides a secure anonymous hardware platform for transactions and purchases.
- You can send money from one phone to another from anywhere to anywhere with minimal (even zero) cost.
- You can purchase goods and services easily and safely.
- You can use your phone as your portable bank account
As external payment systems (Visa, MasterCard etc.) will be integrated more and more with Elya it has an enormous potential to become a strong player in crypto payment platforms.
ElyaTel:
Elyatel® is a registered trademark since 2010,trading since 2009. We provide telecommunications services, international roaming and IT solutions. Currently operating in 120 countries, Elyatel® has served over 500,000 customers worldwide, providing GSM 900/3G/4G global roaming.
Key ElyaTel crypto aspects:
- Unlike most of telecommunication operators our system provides a unique
feature, any SIM card holder is capable to top up the card in a local currency,
cryptocurrency and send it to the balance of other mobile phone. - the SIM cards allow users to transfer funds abroad just like any financial
service providers, but paying zero commission fee and avoiding any hidden
charges whatsoever. Thus it's a commission free alternative for
anyone willing to transfer funds abroad. - Users can credit balance with ELYA and let the credit on the SIM wallet as
long as they decide to. - Credit can be converted your into BTC and fiat again, by being sent back to
a credit card, or received in fiat at local distributor points.
And then the big one:
- ELYA Coin will be available offline. Yes, you read that right! ELYA will be used globally covering up to 95% of the planet, even in the middle of deserts and over the oceans. Through partnership ELYA will be able to use the blockchain without internet network through the SMS protocol.
Elya Coin:
- originally a proof-of-work eg. traditionally minable Cryptonight-based coin
- since march 2019 a proof-of-stake coin where mining is done by holding the coins in a wallet and keeping it open.
- currently trading at a rather funny 2 satoshi price on the STEX exchange
- software wallets for various platforms are available
- master nodes will be available at a later date
- exchanges: http://stex.com, http://caratexchange.io, http://golix.com
The Elya Foundation:
ELYA Foundation is a non-governmental organization, founded under European law and based in a neutral country. ELYA has dedicated itself to philanthropic goals. As of January 2019, ELYA has signed major philanthropic partnerships in order to improve daily life of people in multiple countries. These philanthropic partnerships are based on
the four elements listed below:
WATER
1 ELYA = 1 liter of drinkable water : partnership with SunWaterLife’s mobile
purification system. Using RFID smart card charged with ELYA will allow
people to receive 1 liter of drinkable water for 1 ELYA in remote areas of Asia
and Africa.
AIR
Airtime : MVNO with Global Roaming Sim Card Provider (operating since
2009). ELYA allows top up for GSM 900 and international 3G/4G data. The SIM
card can also be used as a cold storage for the ELYA.
WOOD
Partnership with the Foundation “Man in Nature” : ELYA will be used by all
the inhabitants of natural reserve of VOHIMANA (Madagascar), fighting
against the deforestation of the valuable trees of the primary forest.
EARTH
Economists and commodity experts have created a workshop in order to peg
the price of the ELYA sovereign currency to the price of natural resources,
precious metals and precious stones instead of the fiat currencies.
SUN
Off the grid nano solar plant that will allow individual users and small
businesses to go totally off the grid with ElyaTel and ELYA coin, paying for
energy and communications in ELYA Coin.
LIFE
ELYA is accepted in the 77 bio vegetarian restaurants and salad bars
worldwide in 50 countries.
The updated roadmap looks like this:
2019
February : Release of ELYA GUI wallets for Mac, Linux and Windows.
March : ELYA becomes POS coin
April : New ELYA website release https://elya.io/
April : Release of Android Mobile wallet
April : Implementation of credit card processing on elya.io : buying ELYA with credit card will become a convenient way to buy Cryptocurrencies by processing payments through VISA and MasterCard
May : ELYA augmented connectivity mobile wallet
June : ELYA online staking pool with fixed rate
July : Release of gold collateral of ELYA Coin
August : Global partnership of ELYA with mutually profitable cross-fertilization, development of ELYA distribution network serving local economies.
October : Mobile Application that will allow to top up ElyaTel SIM card from ELYA mobile wallet app.
2020
January : Launch of ELYA Masternode Rewards
February : Listing on MasterNodes.online and MasterNodes.pro
April : ELYA branded Visa and Mastercards available with SMS verification sent to the ElyaTel sim card.
Also keep in mind that more partnerships are under negotiations and are not necessarily indicated on the above roadmap yet.
And that's it - in a nutshell. Quite an offering, isn't it :-)