After sorting through the massive amount of fraudulent accounts that participated in the airdrop campaign, Elysian has finally completed this process and will be distributing airdrop tokens next week.
The amount of participants has dropped from approximately 80,000 to approximately 30,000 after removing all fraudulent activity from the campaign, which means that the remaining accounts that participated honestly and responsibly will receive more tokens than originally allocated. The total amount of ELY tokens allocated for the airdrop campaign is 1,000,000 ELY. It was in the best interest of the project to remove all illegitimate accounts in the name of transparency, and also to be fair to those that participated responsibly. Though this process took a few months, it was absolutely necessary and now all aspects are completed and the tokens are ready to be distributed.
Overall the Elysian airdrop campaign was successful and generated a significant amount of exposure towards the project from new community members. Airdrop campaigns can be valuable if operated properly, which in our case meant removing all of the illegitimate activity, which was done over the course of a few months. Distributing tokens to a wide variety of holders is a fantastic way of helping people become familiar with your token first, and then eventually your project. Every successful blockchain ecosystem has a significant amount of token holders and/or users, which are normally advised to hold the tokens for incentives such as rewards. In most cases, the first real exposure to the token comes from airdrops because they frequently occur at the very beginning stages of a project’s existence.
The process of making the campaign as transparent as possible correlates with the values addressed by our new platform, CryptoVerse, which preaches transparency and aims to eliminate a wide variety of fraud in the cryptocurrency market. This process carried out in the Elysian airdrop will be similar to how the Elysian team handles due diligence and other aspects on the CryptoVerse platform to ensure that all aspects are as transparent as possible. This also includes future airdrops conducted by projects on the CryptoVerse platform with the help of the Elysian team.
In addition, the tokens from the Elysian bounty campaign will be released approximately 3 weeks after the airdrop tokens are released. Stay tuned for more information and updates regarding the release of the bounty tokens.
We would like to thank our community for being very patient during this process. We understand that the community becomes impatient and that many people simply want their free tokens, but it is important to understand why Elysian took this route to eliminate the fake accounts. In the end, everything was handled properly and the campaign has been very successful. We urge our community members to continue to stay updated on upcoming news regarding Elysian, such as the release of the wallets in the coming months, the completion of various important functions on the CryptoVerse platform, and news regarding exchange listings and partnerships moving forward. Thank you for your continued support and we look forward to a prosperous next few months and further on into 2019.
About Elysian:
Forum
https://forum.elycoin.io
Website
https://elycoin.io
Telegram
https://t.me/elysian_ely
Whitepaper
https://elycoin.io/whitepaper/english
Reddit
https://www.reddit.com/r/Elysian_ELY/
Twitter
https://twitter.com/Elysian_ELY
