ELIS price

XLS

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ELIS (XLS) stands out as a multifaceted cryptocurrency token integral to the ELIS Hardware-as-a-Service ecosystem. Originating from ELIS Technologies Ltd, an Ireland-based robotics and AI enterprise, ELIS leverages proprietary 3D GPS eMapping technology to develop advanced drones and systems. These drones are designed for real-time monitoring and integrity checks of geomembranes, crucial for preventing environmental damage.

The ELIS token (XLS) operates as a cross-chain utility token, primarily on the Ethereum blockchain as an ERC-20 token, with future support planned for Polygon, Fantom, and BSC blockchains. This token is essential for accessing services within the ELIS ecosystem, including redeeming services offered by ELIS Technologies Ltd. Additionally, XLS facilitates cryptographically verifiable compliance of standards for 3D eMapping AI, robots, and drones, ensuring data accuracy and retention through a public ledger.

XLS also plays a significant role in incentivizing liquidity providers and enabling community governance. Token holders can participate in voting on decisions that impact new product development and the broader ELIS ecosystem. The current supply of XLS is set at 200,000,000 tokens, subject to change through community governance.

ELIS Technologies launched on October 18, 2018, and has since been making headlines. Despite some controversy, the company continues to innovate in the intersection of DeFi and GreenTech. The ELIS smart contract code has undergone an independent security audit, ensuring compliance with best practices and strict audit standards.

The technology behind ELIS (XLS) is a fascinating blend of blockchain innovation and advanced environmental monitoring. At its core, ELIS operates on the Ethereum blockchain as an ERC-20 token, leveraging the robust security and decentralized nature of Ethereum to provide a reliable foundation for its operations. This ensures that transactions involving XLS are secure, transparent, and immutable.

The Ethereum blockchain, known for its smart contract capabilities, plays a crucial role in preventing attacks from bad actors. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically enforce and verify the terms of a contract, reducing the risk of fraud and manipulation. Additionally, Ethereum's consensus mechanism, currently transitioning to Proof of Stake (PoS), ensures that the network remains secure and resistant to attacks by requiring validators to stake their tokens as collateral.

ELIS Technologies Ltd, the company behind XLS, integrates proprietary 3D GPS eMapping technology into its operations. This technology is pivotal for pollution prevention, as it allows for real-time monitoring and detection of environmental hazards. For instance, ELIS produces drones equipped with this eMapping technology to check and monitor the integrity of geomembranes. These drones can detect damage in real-time, enabling immediate action to prevent serious environmental damage.

The XLS token itself serves multiple purposes within the ELIS ecosystem. It acts as a utility token, facilitating transactions and services offered by ELIS Technologies. Users can redeem XLS for various services, including the issuance and monitoring of survey certificates. These certificates are cryptographically verifiable and stored on a public ledger, ensuring data accuracy and retention.

Moreover, XLS tokens incentivize liquidity providers and enable community governance. Token holders can participate in voting on important decisions that impact the development of new products and the overall direction of the ELIS ecosystem. This decentralized governance model ensures that the community has a say in the project's future, promoting transparency and inclusivity.

ELIS also plans to expand its blockchain support to include Polygon, Fantom, and Binance Smart Chain (BSC), with a native cross-chain bridge solution in development. This bridge will allow the transfer of XLS tokens across different blockchains while maintaining their utility within the ELIS ecosystem. This cross-chain capability enhances the flexibility and accessibility of XLS, making it easier for users to interact with the token across various platforms.

The supply of XLS is currently set at 200,000,000 tokens, but this can be adjusted through community discussion and governance votes. This dynamic supply model allows the community to adapt to changing needs and circumstances, ensuring the long-term sustainability of the token.

Security is a top priority for ELIS, and the smart contract code for XLS has been audited by an independent security firm. The audit ensures that the contract complies with best practices and meets strict security standards, providing users with confidence in the safety and reliability of the token.

In the broader context, ELIS is part of a growing movement towards the integration of DeFi (Decentralized Finance) and GreenTech. By combining these two fields, ELIS aims to create a positive feedback loop where advancements in one area drive progress in the other. This synergy has the potential to revolutionize both environmental monitoring and financial systems, paving the way for a more sustainable and equitable future.

ELIS (XLS) is a cross-chain utility token that powers the ELIS Hardware-as-a-Service ecosystem, developed by ELIS Technologies Ltd, an Ireland-based robotics and AI enterprise. This company specializes in creating drones and systems that integrate proprietary 3D GPS eMapping technology. The primary real-world applications of ELIS revolve around its utility within this ecosystem.

One significant application of ELIS is in the environmental sector. The drones developed by ELIS Technologies can automatically monitor the integrity of geomembranes in real-time. This capability is crucial for detecting and addressing potential environmental hazards before they escalate, thereby preventing serious environmental damage. The use of XLS tokens facilitates the seamless operation and maintenance of these drones, ensuring continuous and accurate monitoring.

Another application of ELIS is in compliance and security. XLS tokens leverage blockchain technology to enforce cryptographically verifiable compliance standards for all 3D eMapping AI, robots, and drones. By issuing and monitoring survey certificates that are openly verifiable through a public ledger, ELIS ensures an unprecedented level of data accuracy and retention. This transparency is vital for industries that require stringent compliance and security measures.

ELIS also plays a role in the financial ecosystem as a utility token. It is used to incentivize liquidity providers and facilitates voting for community governance decisions that impact new product development and the overall ELIS ecosystem. This decentralized approach allows stakeholders to have a say in the future direction of the project, fostering a collaborative environment.

Additionally, ELIS contributes to environmental sustainability by potentially impacting ESG (Environmental, Social, and Governance) scores. The token can be used for carbon credits, promoting environmentally friendly practices and reducing the carbon footprint of various operations. This aligns with the broader goal of integrating DeFi (Decentralized Finance) and GreenTech to create a positive feedback loop for both sectors.

The XLS token operates as an ERC-20 token on the Ethereum blockchain, with future support planned for Polygon, Fantom, and BSC blockchains. This cross-chain compatibility ensures that XLS can be used flexibly across different blockchain networks, enhancing its utility and accessibility.

ELIS Technologies Ltd, an Ireland-based robotics and AI enterprise, has been making strides in integrating proprietary 3D GPS eMapping technology with their drones and systems. This innovative approach aims to enhance the monitoring and integrity of geomembranes in real-time, addressing potential environmental issues before they escalate. The company is also exploring the synergies between DeFi and GreenTech, which could create a beneficial feedback loop for both sectors.

On October 18th, 2018, ELIS Technologies launched, marking the beginning of their journey in the robotics and AI industry. The company has since developed a cross-chain utility token known as ELIS Token (XLS). This token serves as the fuel for the entire ELIS Hardware-as-a-Service ecosystem and is redeemable for all services offered by ELIS Technologies Ltd.

The XLS token operates as an ERC-20 token on the Ethereum blockchain, with future support planned for the Polygon, Fantom, and BSC blockchains. A native cross-chain bridge solution is also in development, allowing the transfer of XLS tokens between chains while maintaining their utility within the ELIS ecosystem. This cross-chain functionality is crucial for ensuring the token's versatility and usability across different blockchain platforms.

One of the key utilities of the XLS token is its role in enforcing cryptographically verifiable compliance of standards for all 3D eMapping AI, robots, and drones. By issuing and monitoring survey certificates that are openly verifiable through a public ledger, XLS provides an unprecedented level of data accuracy and retention. This transparency is essential for maintaining trust and reliability in the data collected by ELIS's technology.

In addition to its compliance role, the XLS token incentivizes liquidity providers and facilitates community governance decisions. Token holders can vote on new product development and other decisions that impact the ELIS ecosystem, ensuring that the community has a say in the project's direction. This decentralized approach to governance aligns with the broader principles of blockchain technology and DeFi.

The smart contract code for XLS has been audited by an independent security firm, ensuring compliance with best practices and passing strict audit methodology standards. This audit provides an additional layer of security and trust for users interacting with the XLS token and the broader ELIS ecosystem.

The current supply of XLS is set at 200,000,000 tokens, but this can be adjusted in the future through community discussion and governance votes. This flexible supply mechanism allows the community to respond to changing needs and conditions, ensuring the token's long-term viability and relevance.

Despite these developments, there have been no significant key events specifically related to ELIS beyond the foundational aspects of its technology and token ecosystem. The focus remains on leveraging blockchain technology to enhance the capabilities and reliability of their robotics and AI solutions.