ELYCHAIN

Since 2012, hundreds of millions of dollars have been poured into the cannabis industry by venture capital funds in the context of a lackluster legal status. According to data from Pitchbook Research, in 2017, about $ 303.9 million was invested by venture capitalists for 79 marijuana contracts in the United States. 2018 will be a booming year for this industry. By the end of February, there were 12 agreements totaling USD 159.4 million signed.

Looking at the most reputable companies in the marijuana industry, there are two clear investment models in the market.

• One is the inflow of capital into ancillary technology companies that provide software or other services for the cannabis industry but are not really tied to the factory.
• Second, venture capital flows into biotech companies that are researching and developing patents for marijuana compounds for medical purposes. 

Up to 4 out of 15 companies have the highest income of the marijuana industry operating in the field of health care.

**ELYCHAIN **is a pioneer in the area of standardization, production assurance and documentation of medical cannabis in Europe.
We bring together producers, patients, authorities and the pharmaceutical industry. Our goal is the barrier-free supply of cannabis to patients, as well as the legalization of cannabis for recreational use.
By participating in the ELYCHAIN ICO, you invest directly in the European cannabis industry! One of the biggest growth markets in the next 20 years. Behind the innovative ELYCHAIN project is the Cannabis Social Club Elysium in Lanzarote — Spain. The Elysium C.S.C. already provides products for the medical cannabis use. The ELYCHAIN project is directly implemented and applied by the Elysium C.S.C.. We will work closely with authorities, doctors and patients.

ELYCHAIN will take the professional production of medical cannabis in Europe to the next level and create unified, much-needed standards for the cannabis industry. The Elysium C.S.C. will take on a pioneering role.
Once the development of the ELYC Mainnet is complete, it can be used by the cannabis industry and its partners.

With Smart Contract, all processes can be reproduced safely and permanently:

Documentation of cultivated and harvested quantities of cannabis and their extracts through smart 

contracts.’
Cannabis Social Clubs and similar distribution organizations can create digital memberships based on the ELYC token. Through documentation in the Blockchain the membership is forgery-proof and cannot be transferred. The dispensed quantity can be controlled and documented without any doubt.
Documentation in the blockchain of the cannabis strains used, the ingredients and the recommended use
For the controlled supply of medical cannabis, the ELYCHAIN ​​project will develop tamper-proof formulas bases on the Blockchain.
ELYCHAIN Smart Contracts can also be used to publish research and test results to the public in a safe manner.

Documentation Number of products sold, their exact ingredients and recommended applications. By selling against ELYC tokens and in conjunction with a digital membership.
The ELYC token uses peer-to-peer technology that does not require any central authority. Unlike the previous financial system, no financial service provider (e.g. the central bank) is needed. Very low transaction costs are the result and payments can be processed worldwide in seconds.

Fresh marijuana has just been harvested in a medical cannabis plantation in northern Israel

Summary, ELYCHAIN is a smart blockchain contract for marijuana industry:

• Expansion of our existing production: cultivation under professional conditions to ensure the best possible and, above all, consistent quality.
• Establishment of a laboratory for the analysis and production of medicinal cannabis products as well as for drug and application research.
• Expansion of the delivery points and establishment of a partner network.
• Development of a merchandise management system based on Blockchain.
• Development of an own crypto currency with European-wide acceptance points
• Development of a membership card for cannabis social clubs and similar facilities.

Technical specifications:

Name ELYCHAIN
Ticker ELYC
Token Type ERC20 (Ethereum)
Max Supply 500,000,000 (all unsold Token will be burned after the ICO Phase)
Soft Cap Zero (No Soft cap)
Hard Cap 22,000,000 USD — 22 Million USD
ELYC Price 8 Cent till 11 Cent depending on the ICO phase
Payment methods BTC, ETH, Credit Card (coming soon)
Bounty campaign 5 Million ELYC Token (worth approx. 420.000 USD)

You can learn more or buy ELYCHAIN here

WEBSITE: https://www.elychain.com/

WHITEPAPER: https://drive.google.com/file/d/1wwkJFk5ezdUl6DkxZNSgOO1riBHtNyHp/view

FACEBOOK: https://www.facebook.com/elychainHQ/

TWITTER: https://twitter.com/elychainHQ

TELEGRAM: https://t.me/elychain

Username profile Btt : Galih_Alkarim