Elixir - http://elixirtoken.io/

Current Marketcap - $1,869,603

Elixir has gotten a lot of flack lately for being a pump and dump "shitcoin."

First of all, yes, it did get pumped and dumped. And, yes, I also believed it to be just another scam. From my observations, this was due to

Elixir Pump: a sudden wave of "shilling" + increase in exposure

Elixir Dump: panic + misunderstanding of elixir's batch generation and lending rewards algorithms

But I would like to offer a rebuttal to the overarching perception of elixir as being a "shitcoin" and why it has gained enough of my trust to amount to 35% of my portfolio.

Elixir's business model is a practical idea that can reach the general public. The team understands the power of incentivizing a token's use. Also, complex back end, easy to understand front end.

-> This caught my attention first. They did not fund through an ICO (they had the support to do an ICO), instead opting to do an airdrop.

-> Showed intelligent process (not overvaluing their project from the start instead growing slowly) and dedication to the project. They made sure not to dump their previous project (timereum), but instead allowed their previous investors to turn their TME into ELIX.

-> Showed loyalty to investors and integrity. They built the project on their social, technical, marketing skills (mostly on bitcoin forum). They have a well-coded website, pleasant design scheme and demo product.

-> Showed that they are socially/technically skilled and are capable of developing their product. Best cryptocurrency I've encountered in addressing investor concerns, despite the fact that they're so new it would be fine for them to funnel all efforts into their MVP (as they probably foresaw for this point in time). Not that they don't enjoy the publicity, but by observing their past actions: no ICO and anonymity (until MVP is released). Its evident that they are pleasantly surprised by this sudden increase in exposure, but also adjusting.

Example 1 -

Issue: Sudden questions appear on a twitter post suggesting misconceptions about the total circulating supply.

Solution: Within 6 hours, a "stats" page appears on their website and twitter to clarify the misconceptions.

Example 2 -

Issue: Immediate concerns arise about the future of the token and token's long term vision after the pump and dump.

Solution: Elixir responds within 2 days addressing such concerns.

https://medium.com/@elixirtoken/elix-a-look-into-the-business-model-90f98875bbf3

Example 3 -

Issue: Elixir supporters suggest that Elixir's developers demo the application so that more individuals would understand the basis of the token from a practical perspective.

Solution: Within a weeks time of the suggestion (while developing their MVP), a blog is posted with a video of newly developed content to demo the application.

https://medium.com/@elixirtoken/elix-mobile-smart-contracts-app-update-f80ba7419dfe

I could go on and on about how this team has impressed me. Let me be the first to warn you that there are concerns for the average investor and Elixir deviates from the status quo of developing a new altcoin. But their process is no longer concerning to me, maybe because of my personal inspiration from their dedication and "start-up"-like drive or maybe because of my own low risk aversion. But how often do you see this kind of progress and dedication to an idea from an altcoin with a marketcap of $1.8 million?

Because the developers built their idea from the ground up, a project starting from a price of $0, this kind of value in the cryptomarket may not be seen for a long time. I consider myself a fortunate investor to have investigated this token further after once dismissing it as having too many flaws and holes and am confident that it will pay its dividends soon.