E-Leven: Join the Future of Crypto Stock Market

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DataDrivenInvestor

6 min readJun 23, 2021

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Decentralized Finance

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

In the world of finance, we all know that the vast majority of retail traders buy and sell currency pairs, cryptocurrencies, stocks and commodities at unfavorable prices, due to large commissions and fees that give them very little leverage in the market. In addition, on the other hand, traders are forced to access markets through Exchanges or Brokers, whose interests are not the same, and therefore adds risk to the investor.

However, E-LEVEN (https://e-leven.io/) has developed a crypto-brokerage model system based on financial engineering through Blockchain technology. It is a hybrid system in which the community will be able to receive rewards through Staking. The idea is to solve the issue of the disproportionate commissions charged by brokers when receiving cryptocurrencies from investors.

Definition

Going into more detail, E-LEVEN (https://e-leven.io/) is a platform dedicated to decentralized finance within the stock market, which interacts through different exchange houses (both CEX and DEX), and gives full confidence and transparency to users investors through the use of Blockchain technology. The E-Leven team’s goal is to create a unique and global ecosystem that encompasses both exchange developments and existing alternatives in the world of cryptocurrencies, so as to create a hybrid and disruptive model that allows users to provide the possibility of staking with their own token and thus generate an attraction of the community and give value to the token. Thus, E-Leven integrates a fusion of Crypto Stock Market and Stock Market, with the Stock Exchange.

E-Leven Bank Broker

E-leven Bank LLC is a part of E-Leven’s platform dedicated to retail traders to provide them with better conditions for trading in the markets. E-Leven will provide them with cutting-edge and unique technology, with intelligent systems that will add value to the platform by giving access to unique solutions for its users. The most common features will be News, Fundamental Analysis, Social Trading of the market where each user will be able to choose different types of trading and choose according to their risk level the most favorable operations, etc.

Token details

The E-Leven token will be the $ELV, which will serve to provide price stability and be used as a combustion mechanism inside the E-Leven platform, which will be a native token of the Binance Smart Chain network under the BEP-20 protocol.

The token is based on the Binance Smart Chain (BSC) network, which is a blockchain network built for running smart contract-based applications, which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. What is special about Binance Smart Chain is its low fees and fast transaction speed, but what is even more special is its compatibility with EVM (Ethereum Virtual Machine). Due to EVM compatibility, DApps developed on Ethereum can be ported (imported into Binance Smart Chain as-is), and Ethereum wallets like Metamask can be used as-is.

Token Name: E-Leven Token
Symbol: ELV
Price: 1 ELV = 1 USD
Max Supply: 11,000,000 ELV

Bounty program

The project gives the opportunity to earn ELV tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5344955.0), where you can access the link in order to see what are the conditions to become an early E-Leven contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (ELEVEN_WP). You can also stay tuned in their official Telegram Channel (https://t.me/eleventokenofficial). I hope you liked the post and soon I’ll send you new ones.