Elysia (EL) is the native token to the real-estate DAO system Elysia. Combining blockchain protocols with new real estate data, EL seeks to bring P2P solutions to the real estate sector, with potentially massive opportunities for all parties. In this guide, we are going to talk a little about the coin, its background, and how to purchase it.
What is Elysia?
Elysia (EL) is a blockchain-based cryptocurrency that seeks to bring new technological innovation to the real estate sector. Essentially Elysia can be described as a ‘real estate token’ that uses a combination of P2P services, DAO protocols, and dApps to bring blockchain to the real estate market.
Chaired by CEO Elysia Lim, this American-based company already boasts a diverse portfolio with many real estate assets already being represented by the ‘real estate token.’ Gives this altcoin some grounded real-world proof of concept that other altcoins often lack.
Step 1: Register on Fiat-to-Crypto Exchange
For your first step, you’ll need to start by purchasing another cryptocurrency, which you can then swap for EL. The two most popular alternatives are Bitcoin (BTC) and Ethereum (ETH). In this article, though, we’ll be utilizing Bitcoin.
To buy BTC, you’ll need to sign up for a Fiat-to-Crypto Exchange. When it comes to picking a crypto exchange, you have a lot of alternatives, and each one is a little different, so it pays to shop around. We’ll utilize CryptoWallet as an example, though.
CryptoWallet is a popular, secure, and easy-to-use application that can be downloaded from the Apple App Store or Google Play Store. Once CryptoWallet has been downloaded to your smartphone, just follow the onscreen instructions to link one of your fiat accounts. After that, you may deposit fiat funds directly from your bank account into your CryptoWallet account, ready for further trade.
Step 2: Buy BTC with Fiat Money
Now that you have some funds in your CryptoWallet account you can trade them for BTC.
Go to the CryptoWallet app’s trade page and look for BTC for your next step. Then click “Buy” after selecting the quantity you’d like to buy. CryptoWallet provides several price comparison charts, market data statistics, and trading tools to assist you in making the best financial decisions.
Following the conclusion of your BTC purchase, there will be a brief confirmation period before the quantity of BTC purchased, as well as any remaining funds, are displayed in your CryptoWallet account.
Step 3: Transfer BTC to an Altcoin Exchange
After you have some BTC, you’ll need to exchange it for some EL, and to do this you’ll need to register on an Altcoin Exchange.
Generally speaking, it’s a good idea to look around amongst the many different altcoin exchanges for one that best suits your specific needs. But importantly you should always look for an altcoin exchange that supports your desired trading pair (BTC/EL). You have a lot of alternatives when it comes to EL. GOPAX, Uniswap, (V2) PancakeSwap, Bithumb, BitGlobal, and MEXC are just a few of the options available.
However, in this tutorial, I’ll be utilizing GOPAX.
Next, you’re going to have to create a GOPAX account and begin trading. To do so you are going to have to provide details, KYC information, and security measures such as passwords and two-factor authentication. (2FA)
Once you’ve completed these steps, GOPAX will notify you when your account is ready to trade. Then, using your CryptoWallet account, send some BTC to your new GOPAX account. On the GOPAX “funds” page, select “deposit money” from the drop-down menu. GOPAX will then issue you with either a wallet address or a QR code. Then, from your CryptoWallet account, pick money. It’s now time to scan/input the GOPAX address and enter the amount you wish to send to your CryptoWallet.
Your BTC will appear on your GOPAX account after a brief confirmation period, and you may exchange it for Elysia. From the GOPAX trading menu, select the BTC/EL trading pair and the amount you want to trade.
You are now the proud owner of some Elysia!
Last Step: Store Elysia Securely
Now that you’ve gotten some Elysia, you’ll probably want to know where you can keep it, so you might want to think about wallet systems.
There are just a few Elysia options, with MetaMask and TrustWallet being the most popular.
Once you’ve found a wallet that you like, go to GOPAX’s ‘withdraw money ‘option and enter or scan your Elysia code into your new wallet’s address box. After a short period, your Elysia will be safely saved in your new wallet.
It could be a good idea to keep a watch on the CryptoWallet app in the future. While it does not now contain Elysia, it is secure, straightforward, and simple to use, with a roadmap of future coins planned for the future.
Other Useful Tools for Trading Elysia
As a quick disclaimer, we can’t provide you with trading or financial advice, but we can give you a quick rundown of some of the tools accessible on most exchanges that, when utilized correctly, may help you make the best financial decisions possible.
The On-Balance-Volume (OBV) indicator is a simple instrument that shows both positive and negative volume movement as well as the trend’s value direction.
The Average Directional Index (ADI) is a straightforward indicator that tells traders how strong a demand or supply trend is. The asset’s movement intensity may assist you in determining how frequently long motions occur.
The Stochastic Oscillator is a tool that traders may use to track the price of an asset over time and in relation to a specific circumstance within that period.
Latest News for Elysia
Here we are going to cover some of the buzz surrounding the altcoin EL with a few extracts from Elysisa’s various social media.
On April 8th, 2022 Elysia announced a new round of token stacking. This offer is exciting for the members of the EL community as staking is potentially a lucrative opportunity for newcomers into the space.
On April 7th 20222 Elysia announced a comparative event in which the company celebrated a successful year and another milestone within their outline roadmap.
Can I buy Elysia with cash?
As an altcoin, EL cannot be purchased in a direct sense with regular fiat funds. Instead, you’re going to have to purchase your own cryptos such as ETH or BTC, and then trade this on an altcoin exchange for some EL. To accomplish this just follow the simple guide above, to see how to get your very own EL.
Are there any quick ways to buy Elysia in Europe?
Altcoin can be easily and quickly purchased throughout the EU and EL is no exception. Simply find an altcoin exchange that suits your needs and trade an already existing token such as BTC.
Are there any alternative platforms to buy Elysia or Bitcoin with credit cards?
As an altcoin EL cannot be bought directly via a credit card, instead, you’ll have to look to the above guide to see how you can purchase your own EL. Bitcoin however can be purchased via a credit card, this can be accomplished through the financial service eToro.