Elliot Coin is an open-source Proof-of-Work digital cryptocurrency for fast (using SwiftX), private (Zerocoin protocol) and secure microtransactions. Our main goal is to create a decentralized fully secure and anonymous network to run applications which do not rely on any central body control. By having a distributed system, thousands of users will be responsible for maintaining the application and data so that there is no single point of failure.
ELLI starts off as a hybrid of PoW and Masternode system (that will help us to kick-start the project and do the listing on the exchanges as soon as possible). Miners and Masternodes will be generously rewarded, because it is in the interest of our team to ensure a stable return of investments for miners and Masternode owners.
We are also working on mobile game project connected to our blockchain to add more value to the chain. The idea and name of project is remaining confidential due to high risk of theft. Used for in-game payment service, ELLI will become more valuable and interesting for investors.
With the release of the game, ELLI holders will be able to break the standart «mine/buy/stake and sell» template, because ELLI will be used for in-game payment services.