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#Finance All projects

ELPIS: The first AI crypto-assets investment fund

Artificial Intelligence investment technologies


3.3 Rating

by 8 users


    KPLs

    • Employees30+

    Team

    9

    Andrea De Francisci

    COO

    Anatoly Castella

    CEO

    Luigi Piva

    CIO

    Andrea Boi

    Design & UX

    Giuseppe Solinas

    Chief editor

    Francesco A. G.

    Financial Advisor

    Samuel Zocchetti

    Quant Developer

    Matteo Bigon

    Data Scientist

    Fabio Pacchioni

    Blockchain developer


    Advisors

    7

    Ian Scarffe

    Advisor and Board Member

    Manan Mehta

    Advisor and Board Member

    Desmond Marshall

    Advisor and Board Member

    Simon Cocking

    Advisor and Board Member

    Beryl Chavez Lee

    Advisor and Partner

    Gabriel Zanko

    Advisor and Partner

    Darrell Emmanuel

    Advisor




    Crowdsale details

    Distribution of tokens
    • Crowdsale (80%)
    • Team (10%)
    • New Hires (4%)
    • One-off Costs (1%)
    • Operations (2%)
    • Marketing (3%)
    Details Indicators
    Full Token Name Elpis Coin
    Domain registration date 2017-01-28
    Domain owner Andrea De Francisci, Via pace, San Donato Milanese, MI, ITALY

    Cost of the token

    1 token for 0.08 $

    Price without discounts

    Accepted currency

    • Ethereum
    • Other


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    8
    Xiuli Wang April 04, 2018
    Rating of project
    3.2

    Advantages

    Risks and disadvantages

    Comments

    Natsumi Iwata April 04, 2018
    Rating of project
    3.8

    Advantages

    Risks and disadvantages

    Comments

    Lisa Dominguez April 03, 2018
    Rating of project
    3.5

    Advantages

    Risks and disadvantages

    Comments

    Ladislava Chernik March 27, 2018
    Rating of project
    2.8

    Advantages

    no service charge. (although all other things being equal, it's nothing more than marketing, because there are also no work profits share - which is usually offered in traditional hedge funds working with the commission)

    Risks and disadvantages

    The team does not work on proposing tokens on the leading crypto-exchanges (at least there are no releases about such work)
    Conditions for investors are much worse than traditional hedge funds offer on average in the market.

    Comments

    CEO and a couple of other members of the top management graduated from college last year. There are almost no people in the team with sufficient basic knowledge in the field of risk hedging and trading. For a hedge fund, this is just unacceptable.

    Antony Smith March 22, 2018
    Rating of project
    3.7

    Advantages

    I like the idea to draw a parallel between ancient greek myths and the main concept of Elpis. Nowadays many corporations are turning artificial intelligence usage, which is the way of the future and int’s essential to bring such technologies into cryptocurrency business.

    Risks and disadvantages

    You’d better make more detailed description of all your team members, it is quite essential part in attracting investments. The team should work on White Paper design and roadmap structure.

    Comments

    The main concept sounds interesting, but the structure and marketing strategy should be improved.

    Denys Serhiichuk March 19, 2018
    Rating of project
    2.2

    Advantages

    The only possible advantage I would outline is just the idea of the project.

    Risks and disadvantages

    Lack of historical data on past experience (return on investment) means insufficient transparency of the company's work.
    The team does not have enough experience, and investors are not offered good advantages over traditional hedge funds.

    Comments

    The following ICO has lots of defects and one needs to think twice before investing in this project.

    Veronika Arbisman March 19, 2018
    Rating of project
    3.8

    Advantages

    Deals with traditional trade assets and cryptocurrencies. Provides strategies tailored to customers needs and goals. Fund will be paid only for the achieved performance. Fulfilling a number of requirement to become a shareholder is needed.

    Risks and disadvantages

    Managing all assets through Artificial Intelligence can have range of pitfalls.

    Comments

    Being the first AI investment found in the field gives a advantage among competitors. Promise of maximizing profits while minimize the risks and costs makes it look even more attractive.

    James Young March 16, 2018
    Rating of project
    3.0

    Advantages

    This is an excellent project which looks realistic. Technical details are explicit and provide a relevant explanation of the solution.

    Risks and disadvantages

    This project definitely has a lot of competitors and needs investments in the promo.

    Comments

    In general, I guess this should be an interesting solution for a lot of traders.

    See more reviews

    FAQ

    Frequently Asked Questions

    Is it safe to buy Elpis token online?

    We use the best technologies to ensure you are buying our token in the safest place and way possible. Thanks to our partnership with CapchainX, we will redirect you to a specific online page with top security.

    What is Elpis?

    Elpis will be a new kind of asset management company for the future. Elpis will invest as soon the ICO is over in both stocks and cryptocurrencies through Artificial Intelligence and blockchain. Our team of experts will follow you to ensure the best possible results and the highest transparency at the lowest costs.

    Who can hold Elpis Tokens?

    Thanks to our ICO everyone will be able to get a stake in Elpis and become our client. With our fundraising strategy, we will be able to serve institutional and professional investors, with our AUM (Assets Under Management) allocated into our regulated fund, and we will also offer retail clients the opportunity to trade like professionals through our DAUM (Digital Assets Under Management) on the online wallet.

    The regulated fund won’t be open before the end of the ICO, hence there is no financial promotion yet.

    What is Elpis Token ELP? Is it a security or a utility?

    Elpis Token is a new kind of token backed by our own company equity. Thanks to our partnership with CapchainX, we have managed to create the first Token utility-security alike token that has real value in terms of company equity, called Crypto-equity ICO.

    The token itself does not on its own fail the Howey and Reeves tests since it does not have voting rights, claim to asset and claim to revenue. We can argue that a token holder can redeem shares (based on the agreement that’s stated below). If the token holder should pass “shareholder” criteria of local jurisdiction before he holds shares it would be subject to security law. This argument of redemption (whose shares are not yet in existence at company house) can one day be classified as a regulated activity (not explicitly today) so we’re not closing that possibility. However, even a “utility” token poses some risks of being regulated either as money, cryptocurrency, and even as a security because of the intention of “investing”.

    What sets crypto equity or elpis’ model apart from normal ICO activity is that the token has real market fundamentals behind the token itself. You want to invest on the team, the potential of product and market. With the token price following the share price (where the token is emitted and share does not circulate) that it should in theory reflect that value. It can be argued the token to be close to a derivative but the underlying still does not exist. Anyway, due to these multiple possibilities, we highly recommend KYC and AML requirements should be in place, and elpis has adopted this before purchasing.

    What is a crypto-equity ICO? Why is it safer than other ICOs?

    Crypto equity ICO is the first and newest legal framework that allows to create and sell a safer token during the ICO. Lately, there have been many scams in the ICO market, the advantage of a crypto equity ICO is that it backs tokens with a real and accountable value that could be exchanged in the future for real equity if shareholder criteria will be met.

    How are you going to use the amount raised through the ICO?

    We are going to use the amount raised as advertised on the token distribution. Only a few percentage will go in supporting the team, specifically 10% of the amount Elpis team looks forward to raising. The rest of it will go straight into the public allocation to create the regulated fund and to be invested in the stock market hence generating rewards for our early token holders and future clients.

    If you are an investor or you manage assets for High Net Worth Individuals or Mutual/Pension funds, we will open the subscription to our regulated fund right after the completion of the ICO.

    Why is Elpis different from Blackmooncrypto?

    Elpis has the advantage of using the Artificial Intelligence for the asset management, we don’t use human trading, hence trading is less risky and more profitable over time. We also look forward to diversifying our portfolio in different markets and indexes to be also able to provide the best solution to any of our customers’ needs.

    How can i add Elpis Coin on MyEtherWallet / MetaMask?

    Adding Elpis coin is really easy, you just simply have to input on your ether wallet the following info:

    Token Contract Address: 0xd59f6ec26e15683d8c2210352ec8e71fb4c375cb

    Token Symbol: ELP

    Decimals: 6

    What are we going to trade on?

    Our Artificial Intelligence will invest in different portfolios. We will start with 3 specific portfolios:

    Us Equities (Long-only): for Institutional and Professional Investors with 3 level of risks: Low, Medium and High-Risk tolerance. This portfolio is the lower risk possible portfolio with the highest performance in the market.
    Futures: for Professional Investors and for who is willing to take more risks for higher returns.
    Cryptocurrencies: We are developing a revolutionary way to trade in cryptocurrencies with much more safety and fewer risks and volatility to get the best out of the high potential of the crypto market.
    We are already preparing new strategies with portfolios of indexes and more riskier assets for speculators and high-risk investors.

    How are we using blockchain technologies?

    We are going to use the blockchain to store every information from our buy/sell operations in order to publicly audit the company for each transaction; we call it Blockchain Public Auditing Ledger (BPAL). Everything will be publicly available daily for our investors. Transparency is a must for us, plus, the blockchain technology will allow us to lower costs of database and servers, everything will be stored in the Microsoft Azure Cloud. Also, every token will be stored in the blockchain smart contracts on Ethereum technology.

    We are also using blockchain to increase the level of security and track every investment from token holders’ wallet to our wallet, to better recognize where is the investment coming from, from which investor, and how much, to better calculate the equity and the rewards.


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