What is Elitium? How reliable and effective is it? Is it one that you should switch to right away or not? Welcome to today’s review about Elitium, where we shall find out about this and more. Here is the structure that the review will take:
- What is Elitium
- The services and products that are offered by Elitium
- Are there any smart contracts in this digital ecosystem?
- The Elitium Card: What can you expect from it?
- Is Elitium Legit or is it a Scam?
- Pros and Cons
Name of the platform: Elitium
Official Website URL: https://www.elitium.io/
Overall Rating: (4 / 5)
Recommended: Might be
What is Elitium?
Elitium exists as an app-based digital economy ecosystem that was built to enable its customers to acquire the much-needed independence, value, and growth, that is needed when it comes to the use of money in its various forms. This digital ecosystem is powered by crypto that is referred to as EUM.
One of the main reasons why Elitium was built is because its creators were well aware of the fact that we are moving towards a cashless era, in which all payment and money systems will be fully digitalized. Elitium, therefore, exists to offer an ecosystem of digital solutions that it perceives are sufficient to influence the way people interact with money, through ensuring that their transactions are all fast, secure, and low-cost.
The services and products that are offered by Elitium
We have already seen that Elitium’s objective is to offer independence, value, and growth when it comes to the use of money. Some of the products and services that it is offering in a bid to achieve this include:
Its users can rely on the staking platform stake EUM and receive rewards simply for being part of the network. Customers can stop staking or even stake more, at any time that is convenient for them. No minimum balances and lock-ups will hinder you from staking in your preferred way. There are rewards of up to 6.5% simply for staking any amount of EUM. You can create an account in 3 simple steps and start staking in just a single click of a button.
The staking program is open to anyone and is one that is easy to use. No technical knowledge or expertise is required to proceed with the staking process. All you have to do is:
- Sign up for the program through the Elitium staking program dashboard
- Begin staking by depositing a EUM deposit.
- Stop staking at any time that you feel like doing so.
The platform enables you to make an income by exchanging the EUM you own against cryptos such as BTC & ETH. Depending on how skilled you are, you can profit a lot (or even get nothing to show for your effort)
Elitium claims to support payments in more than 46 million stores on a global scope. You can use the Elitium Card to pay for goods and services so that you can receive cashback rewards for every payment transaction that you make. Using the Elitium card to make payments comes with the following benefits:
- Zero account fees
- Zero transaction fees
- No withdrawal fees
You can use the rewards that you gain from staking EUM tokens to shop in a wide range of stores all over the world.
Elitium has made it possible for digital investors to earn an income through the Elitium Capital platform. This is a digital share platform through which you can invest in valuable assets and lucrative deals such as luxury real estate.
This is Elitium’s curated marketplace that allows users to look for and book most money-can’t-buy experiences, as well as buy prized goods from all corners of the world. This suite has a collection of several categories in various segments, just to ensure that there is enough variety for the products and services that are of value.
Are there any smart contracts in this digital ecosystem?
Yes. Elitium works hand in hand with Ethereum in a technology collaboration that is aimed at making the use of smart contracts possible. Those who know about smart contracts know that they offer a couple of benefits, including the ones below:
- They enhance near-instant payments
- They offer higher scalability
- They offer the capability for many transactions to be made within one second.
The fact that Elitium’s smart contracts are presented from Ethereum gives some confidence that they are bound to present smooth operational processes. Elitium claims that with these contracts, they are in a position to keep their efficiency and speed in check at all times when delivering the underlying services.
The Elitium Card: What can you expect from it?
This card is simply out to make EU spendable in various stores. If you have your EUM or other cryptos, you can make payments without there being the need for them to be converted into conventional currencies. This is not usually the case with most other cards, in the way one has to first convert the cryptos into the conventional currencies, which is a process in which costs are incurred.
Elitium is out to offer a simplified debit card that presents several membership benefits, including:
- The capability to buy items using EUM
- Cashback rewards on every purchase made
- One becoming part of the Elitium community.
The Elitium card can be used in stores that accept VISA, Apple Pay, and Samsung Pay.
Is Elitium Legit or is it a Scam?
I do not think there’s much that can be used to make a strong stand about Elitium being a very genuine platform or being a scam. I, however, still think it is one that is not very solid, at least not yet. The information available about it is quite vague, and one cannot comprehensively make a strong opinion about it. The platform lacks a lot of social media activity on platforms such as Facebook. This, in my opinion, can be quite unsupportive of the company’s agenda to serve its customers. People definitely recognize the services and products that are valuable, and you can tell this from even the very few customers who are already content with what is being offered. If Elitium was very solid and reliable, the comments and reviews would definitely tell.
Pros and cons
- You can create and activate your account easily
- You can earn profits for staking EUM
- Supports the use of smart contracts
- Does not have solid reviews about its efficiency.
- Does not have a lot of social media activity
Final Words And Verdict
Overall Rating: (4 / 5)
Elitium has quite a large collection of services and products, owing to the fact that it is out to present its users with a digital ecosystem in which they can make their transactions with a lot of ease. Generally speaking, the value that Elitium is proposing would have been readily accepted by millions of customers if it was perceived as being very solid. It, however, does not have many customers (though this could change in the future if the owners of the platform get the customers to gain more trust with the products and services offered). I think Elitium still has a long way to go in as far as the expansion of its customer base is concerned.
That is all for now with regard to what Elitium is about. Is there anything else that you’d like to know about it? You can drop the question in the comment section and I will get back to you ASAP. If you’ve already used Elitium, feel free to share what your experience was like.
Eric. Bitcoin investor and blogger at StartMakeStopWaste.