(ELO) High Profit Low Market Cap Gem? Elosys Project Review! Privacy Coin?

[Music] open welcome back to underground cryptos where we deep dive underground cryptos your tiny micro cap gyms high potential High reward High reward high risk keep all that in mind could be a coin that you really see blast off and you wish you would have got in when it had a tiny market cap and it could rug pull and you might be glad that you never got into it but you probably wouldn't even know about it so how many coins rug pull in you never knew about it never invested not even on your radar trying to bring some of these things to your radar now everybody today at the time of recording Bitcoin taking a little bit of a dive in this space nothing too crazy um haven't broken any key levels or anything like that it's not a

TA channel so I'm not going to go deep into the TA but as you can see I got trading view down here I'm keeping an eye on bitcoin cuz when Bitcoin starts to you know tank a little bit your coins are going to go down that can't scare you if you already invested in something in the last couple of weeks and you're down a little bit don't necessarily sell it I'm not a financial advisor so I can't really tell you what to do and nothing I say or do should be taken as Financial advice yada yada but you know a lot of times they recover pretty quickly or they recover eventually it depends on what kind of investor you are are you swing trading for you know trying to hold a coin for a week or are you trying

to hold a coin for a year you know those capital gain taxes are a lot lower when you wait over a year so you might want to keep that in mind today we're going to be doing ilios we're on our favorite no name Exchange G jix and will click markets automatically take you to spot click new listings my voice is giving out on me guys bear with me you go to new listings and we're doing eloc or elos not really sure how I'm supposed to say it but that's how I'm saying it for the sake of this video we will go right here to the Green Gecko and you will see that it is down 133% today because bitcoin's down 133% on these tiny altcoins is really really nothing to bat an eyelash at it's nothing to be worried

about uh 385 million Max Supply total Supply I thought this was interesting looks like it's fully vested which means all the coins that are going to come into circulation are already in circulation meaning there's not a group of investors or creators who you know people who established coin holding a bunch of stuff to dump it when the price goes up so that's that's good for the project overall 24-hour trading volume this is more of an example because it changes dayto day but about you know 49,000 50,000 not not terrible fully diluted valuation 3 million you know take that for what it's worth now we come down here under contracts if it's multi-chain there will be multiple chain addresses here just has an ethereum address um so it doesn't really seem like it's multi-chain then you got your websites your

white paper the Explorer their social medias and we come on down at the bottom it will tell you where to buy the coins we got it from a GIC so we know it's there but it's also on Unis swap V3 turning off the notifications I'm going to get it right one of these days guys still new to YouTube so like share subscribe all of those things more appreciated than you could ever know for a small Channel um and and yeah still have a few things to buffer out a few things to get better at so we'll come right to their website El .io and um looks like they have a thing here where you can buy it I see it says test net so I'm wondering if it's still in test net or if they've come out of test

net uh that can be kind of important as far as how far along that they are so says your transactions your sanctuary privacy perfected a decentralized blockchain delivering truly Anonymous untraceable transactions built on P which is proof of work consensus and ZK snark data protection protocol for total confidentiality zero knowledge proof these zero knowledge proof or these zks because that's what ZK is is really standing for zero knowledge snarks is you know you'll you'll hear ZK rollups ZK snarks I'm trying to remember what the one we did the other day was it was like a ghost ZK something um ZK is zero knowledge anything else is how they're adapting the the technology of zero knowledge and this has to do with how the blockchain runs how it communicates with itself um it might be a little bit more nerdy

than some people want to get into but it is it is a good idea to understand what these things are so when you deep dive your own coins you know what and the world you're looking at I thought this was really interesting they're just giving you some basic breakdowns like the ticker the consensus the Privacy wrapped erc20 so we mostly covered most of those things and gives you some more techy information about the blockchain itself if you wanted to know that you know where to find it um Partners this is always interesting cuz like Unis swap it's listed on Unis swap is that really a partner are they really backing them or are they just allowing them to list their coin on there some of these I've never heard of like floors or deck screener same with coin gecko

is coin gecko really a partner of theirs or they just listed on coin gecko because coin gecko lists everybody so you have to really really think about that are they really Partners or are they just listed on there because that's what those places do it says we care about your privacy eloc security oh eloc secures each transaction through encryption protecting sensitive asset details from public scrutin arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about Free Speech because you have nothing to say and that is from Edward Snowden controversial figure there but um you know if you know so it's a L1 it's a layer one it's proof of work AI ZK snark I'm not really sure what the bar is like it's half

AI maybe cuz it's only halfway there I'm not really sure um and is it is it 90% of layer one or is it 100% of layer one not sure okay so they do kind of answer what I was saying earlier you have the test net oh the test net is coming soon so like we're not even in test net that's that's interesting you know definitely would want to know when at least testnet comes out so they are again a lot of these coins are brand new this coin is brand new why use Losi uncompromised privacy it seems to be their claim of Fame here the ZK snark technology ensures maximum security across our platforms fully full decentralization for for all of my uh people in crypto who are really about decentralization they seem to be aligning up with that

narrative a robust Global Network of Miners and nodes ensuring since you're resistance reli resilience and privacy for everyday crypto transactions one day I'm going to learn how to read guys an ilos account providing you with a set of keys enabling readers only access to transaction history what else we got they got some frequently frequently asked questions here what is ilios um my frequently asked question would be how do you say that properly a decentralized blockchain delivering truly Anonymous untraceable transactions built on P consensus and ZK snark data protecting protocol for total confidentiality I feel like that's exactly what it said at the top of the website so you know they're they're recycling their words here why build a new privacy coin that is a great question in essence it's about functionality and widespread adaption unlike existing privacy coins constrained

by limitations in privacy or accessibility elos embracing the highest standards through Cutting Edge zero knowledge technology now there's a lot of other privacy coins Monero pirate coin being probably some of the most popular um they are definitely targeted by your governments and your SEC and you know wherever you are in the world they probably don't like PR coins cuz you can do stuff and they don't know what you're doing yes there's probably some people who are money laundering and things through those type of coins but at the same time there's probably just a lot of people who don't want the government in their business all the time why privacy is important I don't even know if we really need to read that if you don't like having privacy well you're going to love where things are headed nowadays because

you have no privacy we're not even going to read that one how do you Safeguard your privacy zkp represents a groundbreaking tool in cryptography providing proof of honest comption comp comption one day I'm going to be able to read leveraging zkps we created confidential transactions that conceal the sender the recipient and amount while ensuring valid validity of the transaction every transaction on the elos network is private details remain hidden unless the account owner grants read only permissions through view keys so it sounds like if you wanted to view a transaction me as the person who did the transaction would have to give you some kind of key some kind of code that you would be able to do that you can subscribe to their newsletter again when you're looking at a lot of these coins it's good to subscribe

to newsletters join discords stuff like that that you might catch when when things start to move cuz maybe this coin's not really ready to move and do anything crazy but 3 four five months from now it might be and that looks like that's the website let's click white paper hopefully it doesn't try to download me something oh all right so apparently that was the white paper uh it's kind of laughable I will admit because a lot of times the white paper is far more detailed than that so context and definitions usually where they Define some definitions here um we're not going to get that deep into it because I feel like a lot of you guys feel like I'm just talking big words at you you might not really know what I'm talking about so I don't want to

lose you here I'm not necessarily A techy nerdy kind of person but I have learned a lot about a lot just from being in the space and following certain people every day who do lives and you know cover the news and stuff like that you do learn a lot the longer you stick around the longer you listen to people so now we jump over to Twitter they got 45 posts they got 2,58 followers and zero following that's good ratio and that's a good amount of people joined in December 2023 that was not that long ago and uh their last post was February 22nd so you know that was yesterday that's not bad um um and seems like they're decently active you know they are decently active their post are decent looking engagement seems to be all right I mean

6.4 th000 they're getting you know they're getting some better engagement than I see on a lot of other um you know other things if you like privacy coins this might be one to keep an eye on that's definitely the niche that this is in is privacy coins now I usually give a gut rating of a coin and I will do that at this point but I do want to point out my gut rating is about price go up it's about How likely is this to find some adoption get listed on bigger exchanges have a higher market cap and make you some money um I would have to give this a gut rating of like four because the narrative around privacy coins is not really that friendly as far as the government goes and things like that so all it

takes is for them to be targeted by the SEC and have an SEC law case now I don't know where this coin is out of and that makes a big difference when it comes to being targeted by the SEC like if they're in Singapore or something like that they might not care at all what the SEC thinks or says well with that guys that'll be everything I'm trying to keep these videos a little bit shorter so we can just get through them quickly and get some exposure to these coins uh um again a gigix is our noname Exchange Market automatically take you to spot go to new listings you can find all of these coins here if you would like to do some deep dive or if I you know like the thing I didn't read earlier if you

want to go read that yourself that the definitions and context then feel free to do that thanks guys please like And subscribe means more than you could ever know crypto run out