FAQ

Why use an own, native currency?

9 months ago
  • Sustainability of ecosystem: The EUM coin increases the stability of the platform as Elitium is not dependent on the viability of other (crypto)currencies. Hereby, any potential risks with other (crypto)currencies e.g. potential security flaws, price manipulation and volatility are mitigated.
  • Customization of smart contracts: With the deployment of our own native currency we make it possible to provide pre-coded smart contracts with certain degrees of customization for e.g. each type of renting agreement.
  • Additional services: Our own native currency provides opportunities for the implementation of additional services for our users, such as
    • Instant conversion to/from Fiat
    • Loyalty program
    • Insurance