ElanDEX is a framework that makes Stellar blockchain a basis for bringing secondary liquidity to traditionally illiquid asset classes. ElanDEX also is a decentralized platform for storing, managing, trading, investing and releasing digital assets which are digitally represents real economic assets, that is, on ElanDEX, people can perform process of issuing a asset-backed token (primary market) as well as trading an already issued asset-backed token (secondary market). It is worth notice that the token trading and issuance will happen directly on the Stellar blockchain.
Tokenization and Issuance on the Stellar network
ElanDEX issues one class of assets on Stellar, which are digital forms of real economic assets. Therefore, tradable assets as stocks, bonds or other financial instruments can thus be converted into digital assets via Stellar blockchain.
For example, when an asset owner decides to tokenize a property, ElanDEX would assist the owner in issuing an digital token (also called a security token) on Stellar to represent shares of the property. The total value of all asset-backed tokens will be equivalent to the total value of the securitized asset.
Tokens selling- secondary liquidity
Once asset-backed tokens are created and sold to investors, they need to be listed on an exchange so investors can trade their tokens. ElanDEX also act as the exchange to generate the market for the secondary trading of tokenized assets.
Specifically, ElanDEX issues another one class of assets on Stellar, which is a digital token pegged to the value of one fiat currency and works on Stellar. Therefore, through ElanDEX, investors can transform their physical currency into pegged cryptocurrency to invest the asset-backed token and make secondary trading of tokenized assets with others.
ElanDEX platform is the premier market for the secondary trading of tokenized assets and uses the Stellar blockchain as the ‘facility’ that takes care of clearing and settling. For development of ElanDEX, our team aim to facilitate Stellar-based ecosystem of secondary market liquidity for digital securities.
Through development of ElanDEX, our team aim to show Stellar has an easy-to-use built-in token issuance system to facilitate security token offerings (STOs). Besides, due to network fee of lumens required for issuance and transaction on Stellar, ElanDEX could raise XLM circulation.
Goals and Timeline:
Unlike the pure asset-backed token issuance platform such as Polymath, ElanDEX aim to enable issuance and trading functions of asset-backed token, especially through Stellar network.
ElanDEX aims to provides STO one-stop full service platform (issuing / trading / marketing), and show public that stellar's features is very profitable to STO, including safer trust (trustline), high-speed trading (5s), multi-sign contract (ssc), low transaction fee. Our team also provides a solution to secure a investor’s property, which uses Stellar Smart Contract to remedy the loss of private key on Stellar blockchain.
Our team is working on a full time project, and in 2019 we expect to fulfill many interesting things.
The current objectives are:
Establish a security token (ST) distribution system, which includes:
Strengthening the infrastructure and validators for ST launch / custody platform.
ST Exchange (ElanDEX): Improve the stability, fix discovered bugs, and complete multiple platform support (Android, iOS, Web).
Development for Remedy of lost Private Key to Asset Recovery: (preset Stellar Smart Contract).
Creating Stellar nodes.
Implementing public messaging (trade channels) to advertise real tradable assets which are tokenized.
(Beta) Android: [https://www.elandblockchain.com/files/app-release.apk]