It is with great anticipation that the MegaX team announces a major blockchain partnership with Elysian to expand and grow the blockchain e-commerce industry. A press release will follow.

The partnership will allow MegaX access to the superior technical capabilities of the Elysian decentralised platform and also allow the MGX token to be accepted as a key payment currency in the decentralised network of stores.

Elysian benefits from the retail network that iFashion Group, MegaX and it’s subsidiaries will bring to form an important merchant base. The ELY token will also be accepted on MegaXstore, which will eventually shift onto the decentralised Elysian network.

MegaX will airdrop a number of MGX tokens to the Elysian community, and both organisations will also swap a limited number of tokens between them to be equally incentivised for the future.

Decentralised E-commerce Network

The importance of MegaX having access to a decentralised e-commerce website builder like Elysian cannot be understated. With a massive partner network of brands, MegaX can scale the blockchain merchants on the Elysian platform, and in doing so, allow the MGX token to achieve a high level of transactions and value creation.

Combined Blockchain and Retail Expertise

The Elysian team has tremendous expertise in blockchain development and brings this into the e-commerce realm. The MegaX team matches this competency with retail experience. The combination would undoubtedly produce a strong commercial alliance that would yield a big impact on the e-commerce industry.

Update: The Future of MegaX and the MGX token

MegaX will continue to forge partnerships in extending the utility of it’s token, as well as spur on the growth of the blockchain-based retail industry. Apart from being a transaction medium, MegaX will increasingly build up it’s own or partner networks that will accept MGX as an access or utility token.

An example of this is the continued development and testing of the MegaX Moonie Wallet/App, which would require merchants to stake MGX tokens in order to participate, and also allow for zero fee payments. The Moonie App is in alpha and is expected to be 100% deployed in July/August.

The MegaXstore will also require future cryptocurrencies to pay a listing fee in MGX tokens. The massive number of projects requiring listing on MegaXstore is testament to the demand of token/coin utility in transactions. MegaXstore is also working on providing conversions between tokens on it’s platform.

MegaXstore was only the first proof-of-concept millennial retail space. The MegaX team are in stealth development for more such concepts so do stay tuned.