ELYSIA
Crypto Overview
Project Overview
ELYSIA is a blockchain-based real estate platform that aims to fractionally tokenize real estate assets. The platform intends to make real estate investment more accessible by allowing users to invest in property shares using their native EL token.
Intended Utility
The EL token serves multiple purposes within the ELYSIA ecosystem: governance rights for token holders, access to real estate investment opportunities, and payment for platform services. The platform aims to reduce barriers to real estate investment by enabling fractional ownership and creating a more liquid market for real estate assets.
Actual Utility & Implementation
The project has demonstrated some real-world adoption through partnerships with real estate developers in South Korea. They have successfully tokenized several properties and launched a mobile application for their platform. However, the actual usage of the token for real estate transactions appears limited compared to its trading volume on exchanges.
Token Distribution & Governance
The token distribution shows a relatively concentrated ownership structure, with significant portions allocated to the team and early investors. There are vesting schedules in place, which provides some protection against sudden dumps. The project maintains regular development updates and has a visible team.
Revenue Model & Operations
The platform generates revenue through transaction fees and service charges related to real estate tokenization, which aligns with Islamic principles as it represents actual service provision. The business model does not inherently involve riba (interest) in its core operations.
Crypto Impact
To assign a comfort level investing in ELYSIA from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ELYSIA.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.