ALL of DeFi on ONE platform?

Hey everyone, and welcome to Box Mining. This year we know that non-fungible tokens, also known as NFTs, are just exploding everywhere. Today we're talking to Eliam and we're talking to Denis Denisov, and he's the Chief Marketing Officer there. Eliam is doing something quite interesting, which is not only doing NFTs, but they're combining that with cross-chain and with decentralized finance features. So I guess first and foremost, Denis, welcome to the channel. And I just kind of want to ask, what's the kind of overview of what you're trying to do? Why is this so important in this space? Yeah, sure. Thanks for having me. Yeah, so what we're trying to do with Eliam is we're trying to combine both DeFi products with the NFTs and try to integrate them with more. What we think with NFTs right now at this stage of development, which is very early, and there's a lot of potential. And we're trying to uncover that potential with combining them with different DeFi products. And at the same time, we're seeing the potential in all these different chains, which are emerging simultaneously. And we're trying to make like a single hub for users where they can both integrate with different DeFi products and NFTs and also blockchains at the same time. So they don't have to jump from one platform to another. So there's really two big concepts here, right? So you've already established that NFTs are super hot for both collectibles, for representing different assets. Now you're combining this with DeFi and then, of course, human cross-chain. So let's break it down into two separate topics. Okay, first of all, why do we need DeFi with NFTs? Yeah, well, you see DeFi right now, NFTs bring a lot of very new concepts to the market. And combining them with the already existing DeFi products and also developing new DeFi products with the help of NFTs is a very, you know, it has really high potential for a lot of new developments, which can actually bring a lot more interest to the market, especially from the traditional industries. For example, you know how NFT gaming and NFT collectibles brought a lot of artists and game artists into the field. Same way, by combining NFTs with financial products, you can actually open up the markets for even bigger adoption in the traditional industries. And why does it need it, though? Like, I guess, like, you know, traditionally speaking, right, let's say you have art and even for games, we never had decentralized finance here before, right? We don't really need finance. There wasn't financial products. You go to, like, Christie's, like, you know, or Sotheby's and you buy art, you know, it's quite a simple auction, right? But why do we need something like a decentralized finance? Like, what sort of aspects of decentralized finance would be interesting here? Yeah, you see, the idea is, as you have already seen with NFTs, of course, the centralization of the traditional arts came into NFT sphere as well. But at the same time, the decentralized part of it brought a lot of new developments as well. And you can already see that a lot of people were not satisfied with how centralized the art was before. And that's why NFTs became so hot. And, you know, because of their decentralization to some extent. And you see a lot of new artists popping up. Same thing here, how the traditional financial instruments work. You know, they come to decentralization. You know, the same way, why did people evolve from centralized exchanges to decentralized exchanges? Because it gave more power to them. It gave them more control. It gave them more, you know, transparency over their funds. Same here is that, you know, by bringing, by giving people decentralization, you can give them the choice. I see. Okay. All right. All right. And what do you see with multi-chain? So you're building a Liam for cross-chain. So you can move assets across chain. Why do you see this as the future vision for the space? Okay. It's very simple. We already have a very big example, which happened a few months ago, when a lot of assets moved from Ethereum and Uniswap. Like, you know, as the big DEX on Ethereum. It moved to the pancake and buying the smart chain. And it moved very fast. And nobody could anticipate it. Why we see the potential in it is because by incorporating all these different competing blockchains and all their DeFi ecosystems, by building this bridge, you can always let the users adapt to the situation of the market, you know, without having to leave for the different exchange. So, I mean, if there was a cross-chain option to begin with, people wouldn't just go to the different platform and wouldn't just abandon the first one completely. Here, we are linking up the users with different blockchains, you know, with the established ones like Ethereum, Binance Smart Chain. And with the new and emerging ones like Heco, Matic, OKExChain, like, you know, all these ones. So, on one hand, we're giving the users the mobility in the field. And on the other hand, we're giving all these new and emerging blockchains, like a bridge to that capital of the already established blockchains. Right. So, you believe that fully that the future is going to be multi-chain. You believe that users will appreciate being able to migrate these assets across, right? So, that's your long-term vision. Yeah, 100%. Yes, I believe that one of the, you know, one of the key things we give people is mobility and it's, you know, it's decentralization here. Because everything is done on smart contract. If I want to, you know, move chains right now, I'll probably go, I'll probably have to go to a centralized exchange and, you know, go through all the processes which accompany centralized exchanges. But with the DEX, you know, if I can just get one smart contract, which would swap me from one chain to another, that would be much better. Right. And same for many users. Right. So, you've done a few things right now already. So, what's kind of the status of everything that's being built right now? So, is the product complete? What's the status? Well, for our DEX, the decentralized exchange, we already built it on the Binance Smart Chain. It's already released. And we already released a 4P ecochain network. So, right now, we have two blockchains operating on our DEX. We're still working on cross-chain solutions. And we are working on integrating five more blockchains in the near future. Got it. Got it. So, what's kind of the timeframe for everything? What excites you in terms of the milestones? Well, in terms of the milestones, well, our first milestone, the big one, it was the actual launch, which was pretty successful. But the next one, which I'm really looking forward to, is the actual introduction of the cross-chain solutions to the decentralized exchange. Because once we get that done, we can scale it up to all our other development milestones, like smart farming, smart staking, and NFT marketplace. All these other things, which we're building, once the cross-chain solution is done, they would also greatly benefit from it. Well, another big thing on our milestone, one milestone which I'm really looking forward to is our NFT marketplace. It's also a cross-chain solution, which I'm really looking forward to because we've been working on a lot of really cool features. We've been working closely with a lot of NFT artists. And we've been getting feedback from them. And by collecting all this information and all this feedback from them, we've been really putting a lot of attention to really like the needs of the market in terms of NFT marketplaces. Got it. Got it. Okay. Okay. So that's coming up. There's quite a lot coming up. The marketplace is coming up. Cross-chain is coming up. So I guess I just want to hear your bigger view on this here, right? So if you zoom out a bit, all right, so you have all this being developed, all this technology. We've been covering a lot of the tech sector. But, you know, where's your ultimate vision? Do you feel like, you know, five years down the road or four years down the road, you see this product, everything is launched. What do you think is the mainstream use case for this? Like, how do you want to get the, you know, people on board? What's your vision for everything going forward on this? Well, you see, we are striving to become this one hub, which would be, you know, associated with the DeFi overall. In terms of, you know, for people, once you want to use DeFi, we strive to be that platform you go for. You know, it doesn't matter what chain you want to use because it's all there. We want to be that place for, you know, the DeFi adoption where a person can just go and do anything related to decentralized finance. And, you know, that's what we're trying to achieve here with the cross-chain solution and all these different products we are launching. And we want people to, you know, get everything in this one place, in this one ecosystem. And, you know, everything is on smart contracts and decentralized. So, arriving to this point, right? So, what's your big next step for the company right now? We're going to do this thing called initial NFT offering, which is a form of, you know, token sale, which we are pioneering with the, where we provide NFTs rather than invested tokens for users. And they use them further for the, like, smart farming and actually, you know, participating in the ecosystem and in the different DeFi products. Right, right. So, it's going to be happening somewhere around from 10th to 15th of May. Got it. Got it. So, this is quite interesting, right? So, these NFTs aren't just art, but they contain the tokens too, right? How does that work? Yeah, actually, we already pioneered it for our private sale. What we did is we took, we bought artworks from ARTIT and we actually wrote a smart contract, which lets the private investors get their tokens when the time comes. So, for the public sale, we also did the same thing, but we also got a few partnerships with really prominent NFT artists. And we actually, this time, we actually bought, like, artworks, which we, you know, which we wanted to incorporate. And at the same time, the person who is going to participate, they get an actual artwork. And at the same time, they also get this NFT, which they use to redeem the tokens. And later, they would be able to use them for things like staking and farming. Got it. That's quite a novel use of NFTs, and it's a great way of wrapping everything together. What's the best way to find out more about Eliam? Well, we have multiple social media accounts, you know, subscribe to our Twitter or maybe Telegram. We have a wonderful community in Telegram. And, you know, any questions you have about the project, we can answer them there. And you can also directly contact anybody from the team. Cool. All right. Thanks. So I'll put that links down below. And definitely want to thank Dennis for having your time to talk about this. It's definitely stepping into some new territories here. I hope you guys do super well on your sale and keep me updated on everything that goes on. Yeah. Thank you very much. Thanks for having me here. Looking forward to speak to you again. Thank you. Thank you. 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