Elitium - Introducing Luxury On The Blockchain

Luxury is anything that feels special. I mean, it can be a moment, it can be a walk on the beach, it could be a kiss from your child, or it could be a beautiful picture frame, a special fragrance. I think luxury doesn't necessarily have to mean expensive. ~~ Aerin Lauder


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In a real-world scenario, it's certain that blockchain technology is about far more than just Bitcoin, or cryptocurrencies in general. This invention is being used in healthcare, media, gaming, government and other sectors every day. What's more, blockchain technology has made its way into the luxury sector.

Before we elaborate on that, it'll be wise to fathom the meaning of luxury. That said, luxury could be seen as a good or service that is not necessarily considered as a necessity, rather it is considered as any action that breeds pleasure, happiness, and peace of mind. For instance, an individual might rent a big yacht boat (as displayed above) because of the status of solace and comfort the yacht will bring.

Aerin Lauder, defined luxury as anything that feels special. It could be anything, perhaps a walk on the beach, hanging out with friends and loved ones, playing video games, just anything that breeds happiness and pleasure in a special way.

It's quite unfortunate that this current generation has failed to understand the true meaning of luxury. And the internet is to be blamed - social media to be exact. This is because the youths now focus their attention on purchasing expensive belongings all in the name of living luxuriously. Don't get me wrong, am not against it, but it's definitely not what luxury entails, rather it's all shades of showing off. With this mentality, the concept of luxury is now blurry.

Introduction To ELITIUM

A luxurious lifestyle was once seen as an unattainable event, but with Elitium, it's just a few clicks away.

Elitium is the first decentralized luxury trading platform that leverages on blockchain technology. The idea of introducing a fully decentralized luxury platform came from Boatsters ( Boatsters is a world-leading rental company for yachts and boats). The idea of Elitium was put out to showcase how traditional luxury system can be advanced with the help of blockchain and cryptocurrencies as well.

Elitium acts as the centre point of this modern technological revolution as it introduces a global platform where individuals are free to use cryptocurrencies as a means of payment when purchasing goods and services. However, Elitium aims to eliminate all traces of obstacles and hindrance blocking the mass adoption of blockchain-based services in the luxury industry.

The team behind the platform realize how users are faced with disorganized landscape of different channels and sources upon which goods and services are carried out. Before the arrival of Elitium, users were required to access diverse applications/websites as well as manage multiple accounts in order to complete a purchase or pay for a service. Good news is, Elitium is here to change such inconveniences forever. The platform will be offering users an all-inclusive luxury platform with free access to a wide range of goods and services.

Culled from their official whitepaper

Increased Ease Of Use

Among others, Elitium understands how cryptocurrencies are now being utilized in numerous firms and industries, as such, the platform will be accepting roughly 60 cryptocurrencies as payment for goods and services. This singular act will definitely increase the mass adoption of cryptocurrencies.

The idea of using cryptocurrencies as a means of payments for goods and services on Elitium's platform is phenomenal. This is because, even if the user is paying with their credit card, the transaction will ultimately end up on the blockchain as such, it becomes a secure transaction executed using the Elitium Cryptocurrency (EUM). Awesome!

In my opinion, Elitium begins as a destination where the world of luxury living literally becomes accessible, easy, and safe upon which the satisfaction of a consumer is fulfilled. That said, with a focus on more emerging technologies, Elitium presumes a future where your satisfaction is their priority.

Where users can purchase the EUM coin

For more information and resources, visit the links below:

Disclaimer:

This is not financial advice. Please do you own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.

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