We have migrated the ELI token from the Ethereum blockchain to the faster and more robust Bitcoin Cash blockchain and renamed it GoC (GoCrypto). The migration of the ELI token to GoC finished on 31 May 2020 at 23:00 CET. We will prepare the migration report shortly.
At Eligma, we proudly introduced our own cryptocurrency, the ELI token, at our crowdsale in April 2018. Originally issued on the Ethereum platform, this ERC-20 compliant token was designed as a true utility token. In order to become an e-commerce token with wide usability, we integrated it into all our applications and services. In November 2019, we migrated the ELI token from the Ethereum blockchain to the faster and more robust Bitcoin Cash (SLP) blockchain and renamed it GoC (GoCrypto).
The GoC token is used for payments on the GoCrypto platform and in the scope of our loyalty program. Users of our Elly mobile application can use GoC for shopping at local and online stores; in selected countries, they also receive a tokenback reward for every purchase. We continue to broaden GoC’s utility by integrating it into B2B processes, merchant settlements and other loyalty programs.
One of our missions is to do our part in bringing blockchain and crypto into the mainstream. We are proud crypto believers and honest about our token’s usability.
Regardless of the changing crypto market situation, we have a healthy base of contributors and loyal believers in our project, who have been with us since the beginning and are here to stay. We do everything with them in mind because they will definitely become the early adopters of our solutions. That is an important asset to have and, at Eligma, loyalty is always rewarded.
Eligma is serious about making an impact on how the world perceives value. This is why we trust that the GoC token will reflect the project’s long-term worth.