Eligma is aiming to transform online shopping

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Eligma is aiming to transform online shopping

After successfuly reaching their softcap, startup presented the development process of their AI-driven platform

Eligma, a Slovene project that proposes a simpler and smarter search process for things we want to buy online, concluded its public presale and reached the project’s softcap a week before the start of their token sale. An online platform which relies on artificial intelligence and blockchain technology is developed by a team of crypto believers , who announced they will be locking the price of Ethereum for the purpose of their crowdsale that starts on April 17 at 800 $, with the price of their token ELI set at 0,10 $.

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The whole crowdsale campaign period, the team has been working hard at development of the platform as well. After having presented the solution and the plan to enable cryptocurrency transactions for everyday shopping with their system Elipay, the Eligma team also presented the alpha version of their AI-driven category predictor – a module that presents the basis for their innovative discovery feature. Its discovery concept will rely on an algorithm that first recognizes the product’s category and then uses an AI agent that is specifically trained with all the characteristics of the products in that category. In that way it can offer precisely what the user needs.

Alongside the presentation of the developed first stage of the Eligma’s discovery feature, CEO Dejan Roljic stated: “Our revolutionary technology will enable us to introduce a new market solution reflecting the needs of the contemporary buyer and making the online shopping concept a lot simpler. It is our ambition to make our solution global and set a new benchmark for all existing online sellers.”

The other two functionalities to be developed are an automatic inventory of one’s property that suggests the best time to resell one’s unwanted possessions, and a loyalty system rewarding Eligma users with ELI crypto tokens. The last feature is also well underway, with the tests starting mid-April, with call for first testers of the system in the upcoming days.

A pre-crowdsale campaign full of encouraging announcements

In the last two months Eligma has released several announcements that show the confidence of the team in the product they are developing. Their advisory board is vast and experienced: from Andy Baynes, former Executive at Apple, Nest and Google, Prof. Dr. Herman Eul, former Intel Corporate Vice President, Herman Gyr, founding partner of Enterprise Development Group (EDG), Peter M. Moricz, co-founder of ChainX to the latest addition, crypto advocate and the founding partner of the Bitcoin Foundation, Charlie Shrem and many more. They presented their testing lab, which is set in the region’s well known BTC City, one of Europe’s largest and most diverse shopping centers – real life Bitcoin City, where they plan to test their cryptocurrency transaction system Elipay, before they make it available globally. Their CEO Dejan Roljič also secured the team The Best Pitch Award on Crypto Summit in Zurich end of March. They just published a team video, with the three co-founders explaining the vision behind Eligma.