Furthermore, the Elite token will be utilized by Elimobile’s telco to power the entire network.
Commenting on the initiative, Mario Colabufo, founder and CEO, Elite Token, and CEO, Elimobile SPA, said. “Payment may be made using cryptocurrencies and non-fungible tokens launched by celebrities using Elimobile’s platform. This ushers in a new era for the telecoms industry in Europe.”
According to the company, Elimobile will emerge as a decentralized autonomous organization (DA) and utilize two more tokens: $EGOV for administration, and Elicoin for real-world use and also for acquiring content, live interactions and digital master classes. Referrals will be able to earn Elicoin and utilize the facility ‘Run with Me.’ By initiating the feature of running or walking, a client gets rewarded with Elicoin based on the monthly travel distance.
Gianluca Vacchi, founder, Elite Token, pointed out that “It should come as no surprise that the telecommunications industry has several opportunities for the implementation of blockchain technology. With the use of our crypto tokens, a whole environment of content, innovation, and socialization will become possible.”
The $Elite token, which is being traded on LBank Exchange, is official token of Elimobile and is utilized for payments and purchase of NFTs. Also, Play2Earn projects on metaverse will be enabled by Elite token.
Influencers create content that is transformed into NFTs for listing on the marketplace. While 60% are offered to investors, 20% are disbursed to Elimobile. Another 20% are granted to the influencers who developed the content thereby including them in the reward program, as per the company. Elimobile’s platform offers a spectrum of tariffs and link to the Elisium community, capacity and internet speed. The platform also provides entertainment, academics and culture in ongoing evolution and driven by blockchain.