Elite Coin

Elite Coin (1337)

https://www.elitecurrency.info

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Elite Coin (1337) - Reviews & Ratings


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avatar Crypto Anonymous 175 rated: June 13, 2019 22:38:14

this coin has a trading volume of about $100, yet a marketcap of over $1 million, so for those speculators should probably pay attention if the trading volume justifies such market value. But I will leave conclusions about that for anyone's own research.

No whitepaper and no visible team, which normally would be red flags, however considering this coin already exists something like 5 years (correct me if I am wrong) and is still actively supported by its community, I will give it some benefit of the doubt on that point.

If I am correct this project has no ICO and no funding and the pre mine, they claim is for giving away and promotion.

I can understand why transactions are fast, because practically all blocks are empty, plus Proof of Stake nature of mining allows for easier scaling and considering that no critical infrastructure is built on this blockchain, security doesn't have to be the highest priority.

Games can be bought from their webshop, where you can pay with Elite coin only (formerly 1337, which is still its ticker). I don't know about the quality of the games that they develop themselves where Elite should also be the in-game currency (inter-exchangeable between other games), but I hope their website is not an indication of the quality of their game developers. For example take a look at the coinmarketcap widget in the top right corner of the website: clearly their design has improvement points.

Overall looking at this project as an outsider I don't get the feeling it is an outright scam, but only interesting for those that are part of the community. The coin has had some pump and dumps but keep in mind that this is due to low liquidity. last pump in May19 was at a volume of $1200. So if you would be betting on selling in one of those pumps, you might have a hard time achieving that.

I see plusses and minusses with this coin, so I am going to give this one a neutral vote. I am not overly excited nor do I think it's a scam (like I already said).


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avatar GeneralAkAbA 2 rated: June 13, 2019 05:04:37

Elitecoin is perfect PoS.
Fast transactions in less than 1 minute, and an active discord community make this coin totally legit!
Buy on Tradesatoshi.com for a fast withdraw


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avatar Crypt0fin 2 rated: June 06, 2019 18:51:32

EliteCoin is your typical PoS coin in a QT wallet but outside of that there a vast growing MMORPG world to explore on their Discord. Stake for the chests, the dragons and battles which feel like a turn-based RPG. Also there are special events that can earn you some 1337. Buy on CoinExchange.io. Come to Discord for the fun. :)


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General information:

Symbol:1337
Price (USD):$ 0.000042
Percent change (24H):-2.24 %
Percent change (1H):0.04 %
Market Cap (USD):$ 1,224,854.87

Questions or suggestions?