Cryptocurrency attributes
Other attributes
![](https://golden-storage-production.s3.amazonaws.com/topic_images/10dff6a386054a74a8cb59c42970e648.jpeg)
Elix is a blockchain platform that allows users to make payments, create and request loans, and crowdfund projects. Elix is superior to traditional payments, lending, and crowdfunding systems due to its trustless and immutable nature.
Built on top of Ethereum's blockchain technology, with the ability to leverage the power of smart contract creation.
![](https://golden-storage-production.s3.amazonaws.com/topic_images/bc94d392bd534f5f92d33aad86bfa8c1.jpeg)
Elixir is mined through time, unlike other currencies which require powerful machines and computing power to mine tokens. This mining process began with an airdrop of genesis addresses.
The ELIX lending service will provide a true P2P lending experience. These loans include an incentive to encourage borrowers to pay back their loans on time, and for lenders to provide these loans to borrowers. Both the borrower AND lender are rewarded for their successful loan participation.
![](https://golden-storage-production.s3.amazonaws.com/topic_images/2522351c61444ff29d67fdb4dae71ab8.jpeg)
Track, manage and request payments through our payment ledger. We believe ease of use and an intuitive interface are key in driving adoption.
POOLED LENDING Crowdfunding We’re developing smart contracts to facilitate decentralized crowdfunding. We’ll help establish the legitimacy of projects supported on our platform, so that users have clear information about who and what they’re supporting. With millions raised for single blockchain projects, taking a cut of crowdfunding earnings provides one possible revenue stream for ELIX.