Elementh is willing to revolutionize the e-commerce by creating a protocol for developing e-commerce dApps with a standard quality nomenclature, product ownership guarantee and the possibility of creating smart contracts. All this will be achieved through the creation a brand new blockchain with a built-in Turing-complete programming language. By utilizing the blockchain technology, Elementh is going to solve such situations where different goods have the same barcodes or the same items have different barcodes. Within Elementh, there will be a unified nomenclature. Thus, to create a new merchandise card, a system’s participant will have to pay a fee. If he uses an existing merchandise card, it would cost him significantly the less. The originality of goods in the system is ensured by the dApps and smart contracts. All in all, there can be two types of dApps built on top of the Elementhblockchain: financial and non-financial apps. The first ones allow managing and participating in contracts using money (buying/selling products and content). The second ones are not related to finance and can be used to identify counterfeit goods in the supply chain, for example. Elementh can be used for tracking the movement of goods, sending messages in a decentralized way, search fake goods, create decentralized marketplaces using existing merchandise cards, search goods by geolocation, etc. Elementhblockchain has its internal currency called Elementh (EEE) that is used for all operations inside the ecosystem, including payment of transactions fees. People can contribute to the project as investors by purchased EEE tokens within the ICO campaign. Participants of the Elementh ecosystem are identified by accounts. Thereby, each account contains data about ownership of goods and a balance in EEE tokens. What is important, Elementhblockchain can literally be used by any marketplace and online store. Considering that the global retail e-commerce turnover is expected to reach $4.058 trillion, the growth opportunities are extremely high. Partnerships with the new marketplaces all over the world can make Elementh a standard in the e-commerce market.
Elementh(EEE)-The Token
The total supply of 303 million EEE tokens will be distributed
Investors
217,500,000 (71,78%) EEE
Team
45,000,000 (14,85%) EEE
Partners and Advisors
40,500,000 (13,37%) EEE
Elementh(EEE)-The RoadMap
The Miiixcompany standing behind the Elementh project has been established in 2012. Back then, the company has attracted investments from RSV Venture Partners and business angels. By 2014, the number of product categories has already reached 1,000. And, by 2016, the Miiix database has already counted 70 million SKU in 30,000 product categories, 1,000 shops from various industries, as well as customers from small shops to huge e-commerce representatives. In 2017, the company has decided to move to the blockchain technology with introduction of an open-source project called Elementh and launch and ICO campaign. TheElementh has already completed 2 pre-ICO rounds: one of them was private (Jan 2018), and the second one was public (Feb 2018). Currently, the company is preparing for the main token sale that will take place as of April 1st to April 30th, 2018. The alpha version of the Elementhblockchain is expected to be out in June 2018. The ElementhblockchainTestNet will be out in September 2018. The launch of the Elementhblockchain is planned for December 2018, and the launch of the first dApp is expected for March 2019.
Company Information
Elementh is an ICO hosted by a Russian company called Miiix. Then you must know Miiixcompany well before you understand elementh ICO. Miiix is characterized by the main phrase “We are the largest structured product catalog. In the world today there is no complete catalog of products with links to receive data about the product. Miiix aims to create the most complete structured product catalog. Started out as a collection of wholesale goods for online stores in 2012. A few years later, Miiix realized that the main value they owned was their catalog, not the service. The catalog provided many opportunities for Miiix to come up with, but I was able to find my own application for this database. Miiix’s catalog is the product of the most modern mechanic learning algorithms with years of category and content manager work. Structured data with the most complete merchandise cards.Process the format of price lists, match products to a limited set of data, and deliver data on prices and quantities of all products in hundreds of vendors and thousands of stores. All of this is based on a mechanic learning algorithm. Miiix says that it knows about all products on its own. There is also a description of how you can collaborate with Miiix from online shops, marketplaces, suppliers, and manufacturers. The company is located in ChernoretskiyPereulok, 5, St Petersburg, Russia 191167.
Elementh(EEE)-The Token Model
Elementh is a block chain designed for the electronic commerce sector. Represents the registration of product ownership that allows you to create professional product contracts and quickly create a variety of distributed and centralized applications using naming standards.
The Miiixcompany standing behind the Elementh project has been established in 2012. Back then, the company has attracted investments from RSV Venture Partners and business angels. By 2014, the number of product categories has already reached 1,000. And, by 2016, the Miiix database has already counted 70 million SKU in 30,000 product categories, 1,000 shops from various industries, as well as customers from small shops to huge e-commerce representatives. In 2017, the company has decided to move to the blockchain technology with introduction of an open-source project called Elementh and launch and ICO campaign. TheElementh has already completed 2 pre-ICO rounds: one of them was private (Jan 2018), and the second one was public (Feb 2018). Currently, the company is preparing for the main token sale that will take place as of April 1st to April 30th, 2018. The alpha version of the Elementhblockchain is expected to be out in June 2018. The ElementhblockchainTestNet will be out in September 2018. The launch of the Elementhblockchain is planned for December 2018, and the launch of the first dApp is expected for March 2019.
Company Information
Elementh is an ICO hosted by a Russian company called Miiix. Then you must know Miiixcompany well before you understand elementh ICO. Miiix is characterized by the main phrase “We are the largest structured product catalog. In the world today there is no complete catalog of products with links to receive data about the product. Miiix aims to create the most complete structured product catalog. Started out as a collection of wholesale goods for online stores in 2012. A few years later, Miiix realized that the main value they owned was their catalog, not the service. The catalog provided many opportunities for Miiix to come up with, but I was able to find my own application for this database. Miiix’s catalog is the product of the most modern mechanic learning algorithms with years of category and content manager work. Structured data with the most complete merchandise cards.Process the format of price lists, match products to a limited set of data, and deliver data on prices and quantities of all products in hundreds of vendors and thousands of stores. All of this is based on a mechanic learning algorithm. Miiix says that it knows about all products on its own. There is also a description of how you can collaborate with Miiix from online shops, marketplaces, suppliers, and manufacturers. The company is located in ChernoretskiyPereulok, 5, St Petersburg, Russia 191167.
Elementh(EEE)-The Token Model
Elementh is a block chain designed for the electronic commerce sector. Represents the registration of product ownership that allows you to create professional product contracts and quickly create a variety of distributed and centralized applications using naming standards.
Goods system
In addition to the token system, Elementh has a commodity system that can be used in many applications such as tracking the movement of a specific item from its creation to its current owner, tracking the original product and detecting counterfeit goods. Unlike the token system, the merchandise system also provides the ability to display all possible merchandise data by issuing a specific merchandise at a specific address. And if the same item is already in the block chain, the issuer will receive a message about it, and he will have the opportunity to display the number of items he wants to issue. If the item has a serial number, you can specify it when you perform the transfer operation. To provide protection against data forging, only the hash of the serial number is fixed in the system, so only those who know the initial number can perform valid transactions. If the serial number is not available at the time of publication, the system will generate the item unlawfully and the holder can print the QR code in the package to identify the specific item and provide it in RFID tags or any other convenient way.
Integrated name of product
One of the key features of Elementh is the availability of unified names. The cost of creating and using cards is different so that merchandise cards are as accurate and complete as possible, and to reduce the chance of creating duplicate cards. For example, 1EEE (price is set by proxy vote) to create a merchandise card that participants have to pay. As soon as the owner adds an item to the system, he is offered to use an existing card or to create a new card. Using an existing card is 100 times cheaper than creating a new card (for example, 0.1EEE). The cardholder receives compensation for each owner of the item using his / her card and deals with it using this card. Any participant in the system can supplement the information on the existing card and the cardholder can accept or reject the proposed changes.Ecommerce is a transaction of buying or selling online. E-commerce relies on technologies such as mobile commerce, electronic money transfer, supply chain management, internet marketing, online, since the investment of blocking technology, people have tried to connect it with commerce, Amajorly in two forms decentralized marketplaces, such as Syscoin, Particletc and system payment with cryptocurrencies in the business like TenX, Plutus and others. While in the other phase it is basically a substitute paypal and decentralized marketplaces, blockchain and ecommerce combine.
Investment Opportunity
The good thing of having under the radar ICO is the opportunity to invest more fund than other very popular ICOs. Over crowded ICOs usually end up in giving very small individual investment capacity (Around 0.5 — 1 ETH), but with the less crowded ICO, we could invest in the amount that we could give us significant investment return. Before jumping into the concept analysis of elementh, we should ask ourself this question. The recent crashes in the middle of January and continued in the beginning of Ferbuary have created trauma to some investors who just recently join the crypto world. However, the more experienced crypto investors have seen it coming and feel that it’s a normal situation because they have experienced 3–4 crashes in 2017 until now. I was staying calm during the last crash and monitoring their impact to ICO return performance. The result is a good news for ICO hunters.Amazing return they have for us! The graph from ICO Drops clearly shows us that ICO performance is not significantly dragged down by the recent crash. But if we compare the return of ICO that listed in exchange at the Bullish Market in December 2017, the current ICO still has lower return. Thus, timing is still important to maximize our investment, which brought me to research further for the timing recovery prediction and found. Just a sentiment interpretation reveals that Bitcoin might be heading towards a $6000 or lower territory after which a strong rebound is expected when big money starts flowing in Brought bitcoin price slumped to less than $6000 but bounced really hard to $11,000 on 20th February. I also found a technical view that successfully predicted the market movement from 7th — 20th February. The technical analysis predicts that market recovery happens on March. The recovery will create either sideways trend or uptrend. However looking at recovery of a market crash in September 2017, it took around two months to the break market all time high (ATH) record. By this, we predict between March — April 2018 period, cryptocurrency market will start its bullish trend and have the potential to the break new ATH record. That period is the best time to invest in ICOs which will be listed in an exchange in Q2 of 2018 to maximize return from the optimistic market mood, and Elementh is listed in this period.
Some e-commerce problem
Originally, the American UPC system was developed, which carried 12 digits for the coding of goods and became so popular that European countries focused on it. However, the entire range of codes was already coded in the US and Canada, while the goods and companies were officially registered in the US. Developers of the European EAN-13 coding faced a serious challenge — adapting the codes and arranging self-registration for the USA system to ensure maximum compatibility with UPC coding. This primary code was created for automated merchandise produced by a large number of companies, so that the problem of internal content for regulation and standardization was very important. The same goods from different manufacturers had to have a different coding. They are as follows
· Digit for the prefix
· Digits for the manufacturer code
· Numbers for the goods code
Due to some data situation, where some goods have the same barcodes or articles not infrequently Finally, barcodes are often not entered into the ERP system of wholesalers, and each participant in the sales chain uses its own unique items for different types of goods.Together with the system tokens, element system of goods that can be used in a large number of applications, track the movement of a particular article, creating the detection of counterfeit goods.
Transactions and news
Every action in the blockchain of Elementeh is called transaction. The simple nature of the transaction is the EEE token between the account and the ownership. The message of the combination of automated script in a subsystem element contract.
In addition to the token system, Elementh has a commodity system that can be used in many applications such as tracking the movement of a specific item from its creation to its current owner, tracking the original product and detecting counterfeit goods. Unlike the token system, the merchandise system also provides the ability to display all possible merchandise data by issuing a specific merchandise at a specific address. And if the same item is already in the block chain, the issuer will receive a message about it, and he will have the opportunity to display the number of items he wants to issue. If the item has a serial number, you can specify it when you perform the transfer operation. To provide protection against data forging, only the hash of the serial number is fixed in the system, so only those who know the initial number can perform valid transactions. If the serial number is not available at the time of publication, the system will generate the item unlawfully and the holder can print the QR code in the package to identify the specific item and provide it in RFID tags or any other convenient way.
Integrated name of product
One of the key features of Elementh is the availability of unified names. The cost of creating and using cards is different so that merchandise cards are as accurate and complete as possible, and to reduce the chance of creating duplicate cards. For example, 1EEE (price is set by proxy vote) to create a merchandise card that participants have to pay. As soon as the owner adds an item to the system, he is offered to use an existing card or to create a new card. Using an existing card is 100 times cheaper than creating a new card (for example, 0.1EEE). The cardholder receives compensation for each owner of the item using his / her card and deals with it using this card. Any participant in the system can supplement the information on the existing card and the cardholder can accept or reject the proposed changes.Ecommerce is a transaction of buying or selling online. E-commerce relies on technologies such as mobile commerce, electronic money transfer, supply chain management, internet marketing, online, since the investment of blocking technology, people have tried to connect it with commerce, Amajorly in two forms decentralized marketplaces, such as Syscoin, Particletc and system payment with cryptocurrencies in the business like TenX, Plutus and others. While in the other phase it is basically a substitute paypal and decentralized marketplaces, blockchain and ecommerce combine.
Investment Opportunity
The good thing of having under the radar ICO is the opportunity to invest more fund than other very popular ICOs. Over crowded ICOs usually end up in giving very small individual investment capacity (Around 0.5 — 1 ETH), but with the less crowded ICO, we could invest in the amount that we could give us significant investment return. Before jumping into the concept analysis of elementh, we should ask ourself this question. The recent crashes in the middle of January and continued in the beginning of Ferbuary have created trauma to some investors who just recently join the crypto world. However, the more experienced crypto investors have seen it coming and feel that it’s a normal situation because they have experienced 3–4 crashes in 2017 until now. I was staying calm during the last crash and monitoring their impact to ICO return performance. The result is a good news for ICO hunters.Amazing return they have for us! The graph from ICO Drops clearly shows us that ICO performance is not significantly dragged down by the recent crash. But if we compare the return of ICO that listed in exchange at the Bullish Market in December 2017, the current ICO still has lower return. Thus, timing is still important to maximize our investment, which brought me to research further for the timing recovery prediction and found. Just a sentiment interpretation reveals that Bitcoin might be heading towards a $6000 or lower territory after which a strong rebound is expected when big money starts flowing in Brought bitcoin price slumped to less than $6000 but bounced really hard to $11,000 on 20th February. I also found a technical view that successfully predicted the market movement from 7th — 20th February. The technical analysis predicts that market recovery happens on March. The recovery will create either sideways trend or uptrend. However looking at recovery of a market crash in September 2017, it took around two months to the break market all time high (ATH) record. By this, we predict between March — April 2018 period, cryptocurrency market will start its bullish trend and have the potential to the break new ATH record. That period is the best time to invest in ICOs which will be listed in an exchange in Q2 of 2018 to maximize return from the optimistic market mood, and Elementh is listed in this period.
Some e-commerce problem
Originally, the American UPC system was developed, which carried 12 digits for the coding of goods and became so popular that European countries focused on it. However, the entire range of codes was already coded in the US and Canada, while the goods and companies were officially registered in the US. Developers of the European EAN-13 coding faced a serious challenge — adapting the codes and arranging self-registration for the USA system to ensure maximum compatibility with UPC coding. This primary code was created for automated merchandise produced by a large number of companies, so that the problem of internal content for regulation and standardization was very important. The same goods from different manufacturers had to have a different coding. They are as follows
· Digit for the prefix
· Digits for the manufacturer code
· Numbers for the goods code
Due to some data situation, where some goods have the same barcodes or articles not infrequently Finally, barcodes are often not entered into the ERP system of wholesalers, and each participant in the sales chain uses its own unique items for different types of goods.Together with the system tokens, element system of goods that can be used in a large number of applications, track the movement of a particular article, creating the detection of counterfeit goods.
Transactions and news
Every action in the blockchain of Elementeh is called transaction. The simple nature of the transaction is the EEE token between the account and the ownership. The message of the combination of automated script in a subsystem element contract.
Reward for the block
Blockchain, which uses the Elementh software, is rewarded with a block maker each time the unit is created.
The system of tokens
To better know which system token is, imagine a database of an operation and a necessary implementation of a smart contract with the logic above.
Elementh(EEE)-The Conclusion
The Elementh protocol was originally designed as an enhanced version of the cryptocurrency and offers advanced features for e-commerce such as ownership of the product, financial contracts, etc. The Elementh protocol does not directly support any of the applications, but the presence of The Turing Full Programming language means that theoretically any contracts are created for each type of transaction and application. Even more interesting is that Elementh’s protocol went much further than the usual cryptocurrency. The Protocol, which can be used to create decentralized marketplaces, identify counterfeit products and much more, has enormous potential.The item on the system is present in a single copy, and if an item with the same serial number is added to the system, the buyer can be notified that all dAppcan notknow the origin of the item. If the ownership chain comes from the manufacturer, verification of the originality of the product takes place across the entire network.
Official Links for More Details
Website link- https://elementh.io/
Telegram group link- https://t.me/elementh_community
Twitter link- https://twitter.com/Ahooleeman
Reddit -https://www.reddit.com/r/Elementh/
Blockchain, which uses the Elementh software, is rewarded with a block maker each time the unit is created.
The system of tokens
To better know which system token is, imagine a database of an operation and a necessary implementation of a smart contract with the logic above.
Elementh(EEE)-The Conclusion
The Elementh protocol was originally designed as an enhanced version of the cryptocurrency and offers advanced features for e-commerce such as ownership of the product, financial contracts, etc. The Elementh protocol does not directly support any of the applications, but the presence of The Turing Full Programming language means that theoretically any contracts are created for each type of transaction and application. Even more interesting is that Elementh’s protocol went much further than the usual cryptocurrency. The Protocol, which can be used to create decentralized marketplaces, identify counterfeit products and much more, has enormous potential.The item on the system is present in a single copy, and if an item with the same serial number is added to the system, the buyer can be notified that all dAppcan notknow the origin of the item. If the ownership chain comes from the manufacturer, verification of the originality of the product takes place across the entire network.
Official Links for More Details
Website link- https://elementh.io/
Telegram group link- https://t.me/elementh_community
Twitter link- https://twitter.com/Ahooleeman
Reddit -https://www.reddit.com/r/Elementh/
My
Bitcointalk account link- https://bitcointalk.org/index.php?action=profile;u=1232324
Username- waru
Bitcointalk account link- https://bitcointalk.org/index.php?action=profile;u=1232324
Username- waru
No comments:
Post a Comment