Q&A session with ELAN | Transcript

WhiteBIT
Published 25 October 2022
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Q&A session with ELAN | Transcript

Content

Your project name is quite remarkable. So does the name “ELAN” have a meaning? What made you choose a name like that?

Good question! Firstly, I’d like to thank all of you for letting me introduce the work we do at Elan Future, and I’m delighted to be here today. I’m afraid I don’t have a romantic answer for you. Elan means “a combination of style and energetic confidence or speed, especially in a performance or someone’s behavior.” For example, if you say that someone does something with “élan,” you mean that they do it energetically and confidently, which fits very well with what we aim to achieve globally as a company with the world’s well-being at heart.

I know Elan Future is actively developing and providing solutions to sustainable clean energy that don’t depend on the weather, battery banks, or complicated hardware. Tell us the background of the motivation for this company to be founded. What has the company been doing during its existence? What products have been released?

Another good question! Ever since I was young, I have had an “ideal” of what I wanted the world to be. At the time, I had no clear expectations or ideas of what I wanted it to look like, but I knew I wanted to improve it or at least help someone improve it. About eight years ago, I met someone that wanted me to meet his “mentor.” That individual turned out to be a very knowledgeable 88 years-old man working on electric devices for his entire life. After being curious about his work, vision, and research, he offered me to take the lead on his life’s complete work and put it out there as he didn’t have the strength to do it himself.

I came from a marketing background with a strong interest in new technologies and knowing how meaningful his invention was. So, I instantly thought about connecting it to the blockchain to ensure the technology would never be censored, destroyed, controlled, or put on a shelf accumulating dust in a big company’s basement.

After taking the lead in developing his prototype to make a working product that anyone could purchase, I started meeting other inventors, leading me to understand their reality. You see, most of the inventors out there come from modest beginnings (just like me). They don’t have a lot of expensive tools, measuring equipment, lawyers to protect them, or a team that believes in their work, but they have one thing most of the companies out there lack vision.

They have all the skills to invent and create, but they do not know how to “transform” their inventions into actual products that people can purchase and use. That’s when I founded Elan Future and started investing massively in an R&D lab. Along the way came investors and advisors with similar values as mine and my teams; they believed in our vision/beliefs, and they wanted to participate in our mission to electrify the world. Slowly but surely, we started developing different products, products that could and will change the way the world as a whole produces and consumes energy. We started hiring new engineers and new technicians to accelerate our work, and we embarked on the research of new technologies that have the potential to make a difference in the lives of people around the world.

Go back to your initial question because I could talk about our beginnings for a LONG time. We now have two patent-pending innovations, six more patents to file in the next quarter, and six different sectors we’d like to tap into, starting with the consumer market since it’s the one that needs electricity the most. We’ll then move on to the EV, Industrial and Commercial sectors while continuing to research and develop groundbreaking technologies to always be at the front of the wave.

Is the Elan Future platform suitable for crypto beginners? Or does it only appeal to professional users? And from a non-crypto perspective, how will you explain your ecosystem, and what strategy will you use to expand globally?

The simple answer to that is yes. As the “computer guy” in my family, I know very well what it feels like to be the person people call with simple tech questions. You get the point with questions like, “My Wi-Fi stopped working. What should I do?” or “How do I connect my printer to my computer?”

Of course, new technologies like Elan Future’s come with a learning curve, but from my “improvised tech support” background, I promise you that connecting and operating our devices will be easy and seamless. They have to be easy to use for tech-savvy and less-than-tech-savvy people. The name of the game here is education. Let’s teach people how to connect their devices and service them, export our knowledge, make the world self-sufficient with our technologies, and make it fun while we’re at it. To top it off, we’ve also been working on a mobile application (sorry to tease) that will explain most of the features and contain a vast how-to guide, so you’re always able to troubleshoot issues if said issues arise.

What is the most ambitious goal of your project? What is the ultimate vision that your project is trying to achieve within the cryptocurrency market? I would appreciate it if you could share with us any upcoming updates.

To be blunt, we won’t stop until each house on the planet has one of our generators installed and working. Crypto-wise, we won’t stop until the last ELAN token is burned. If you take our mathematical predictions at face value, it is approximately 2842, giving us plenty of time to improve the world.

We’re planning a product update next week on Twitter and Discord, but since I’m so happy to be here talking about ELAN, I can tell you that we’re currently testing our very own Apollo on an EV motor. We will disclose the results of our tests soon, and we strongly advise you to follow us on Twitter and discord to stay in the loop on our latest research developments. We’re also working on what we lovingly call “the door” — a crucial electronic component of our generator that bridges the chain and our devices.

Marketing is a central element for any project, so everyone knows the potential it can generate to achieve its goals. What is APOLLO? Can you explain the APOLLO role in your project vision and mission?

Apollo is an amplifying generator capable of amplifying any energy you “give it” by a factor of 10. In a nutshell, it means whatever energy you put into it will boost by 10. For example, putting 10 Watts in the generator will give you 100 Watts of output. Apollo has a special place in our hearts here at ELAN because it is the first product we’re releasing to the public; it is a significant milestone for us and the results of years of research. It’s also the less disruptive product in our lineup, but we’ll get to talk about that later.

Apollo helps establish Elan Future as a critical player in the clean-tech energy sector, giving the company the credibility it needs to tap into order markets such as the industrial sector.

So how does Apollo work? I can’t say too much because our patents are not yet released. Still, I can tell you that Apollo works by harnessing the power of parametric resonance, a phenomenon discovered by Emile-Leonard Mathieu, who encountered them while studying vibrating elliptical drumheads back in the 1800s. Apollo has been counter-verified by independent third parties, physicists, patent agents, and engineers who, for the most part, joined the team once they saw the tech working.

Marketing-wise, I’m happy to announce we’ve just been listed on CoinGecko and have already applied to add the asset to CoinMarketCap! We’ve also hired one of the world’s best marketing firms to help spread the word about our mission. We’re just growing very fast, and I’m sure our growth will snowball from here. The best marketing is always coming from our community, as they’re the most informed about our mission to electrify the world. Follow us on Twitter, share our content, participate in our events, and soon, the whole planet will know about ELAN!

ELAN brings a lot of value to your ecosystem. As a holder, I am very interested in the reward received from holding ELAN. Can you talk about the reward that holders can get? What are Elan’s inflation avoidance mechanisms?

Correct. If you look at the massive dump of tokens we gave to BAYC/MAYC holders for free, you’ll quickly understand it created an easy entry for people who didn’t have $10 to spend on a token. Most people got ELAN tokens at a very reasonable price. It gave me great joy because every ELAN token changed hands from people who didn’t take the time to understand what our company does to people really into our vision, creating a measurable, positive impact.

We don’t look at the monetary value ELAN brings to the company; we look at the socioeconomic impact of our token first and the impact it makes on people’s lives.

Some people that sold at 6x have already changed their lives, and they’re not even using Apollo yet. How’s that for added value?

I was on the Ukrainian ELAN Chat yesterday (Glory to Ukraine!), and most posts were from people saying they had already made a good profit with ELAN. I also received many messages from happy early adopters telling me how grateful they are for the token being so cheap. But let’s jump back to the question of future added value and inflation avoidance. The burn is a complex mechanism that ELAN will execute with The Chain. One of the innovations we’ve created is “Reverse Difficulty Protocols.” Miners will understand very well what mining difficulty is. For less tech-savvy people, Mining difficulty is a measure of how difficult it is to mine a crypto block or, in more technical terms, to find a hash below a given target. A severe difficulty means it will take more computing power to mine the same number of blocks, making the network more secure against attacks. The difficulty adjustment is directly related to the total estimated mining power at any given time. ELAN did something similar, but instead of having difficulty protocols for mining, it has difficulty protocols for the consumption of ELAN. So the more generators out there burning ELAN, the fewer ELAN it takes to power the generators guaranteeing the world doesn’t burn through the entire supply in a week.

Considering the meager circulating supply of 35.5 million ELAN and that we’re launching the burn next year, one could easily imagine that having ELAN tokens today in their wallet is a statistical and mathematically guaranteed alpha move. The more people use or buy our technologies (We’re only going to accept ELAN for the sale of our generators), the fewer tokens there are in circulation. It means the value of ELAN is destined to rise or, at the very least, be backed by the burn.

A strong community not only brings exciting ideas to the project but also attracts more significant partners. So how is ELAN planning to build its community? And is there a plan to recruit people with Blockchain experience to the ELAN team?

Awesome question! As you can see from our posts on Twitter or Discord, we prefer quality to quantity. Most people buy fake followers to boost their “credibility” — we don’t. We believe in honesty and transparency. That’s why we’re slowly building our community with quality members and forward-thinking individuals that care about what’s happening on the planet.

Sure, it might not look as pretty as an account with 95% bots following them, BUT our community is as solid as ever, and as I mentioned in one of my Twitter threads, you’re only as good as your team. The same applies to our community.

Like our technologies, we plan on building our community through hard work and measurable action. Constant and honest communication pushes forward a message of hope for the people who have been in the dark for too long.

Another important thing we value is listening to our community, whether it’s ideas on how we can improve, constructive criticism, or suggestions regarding our tech. Our mission has always been about putting power in the hands of the people. As such, it only feels natural to listen to what our community members say to improve our way of doing things to reflect how the public perceives or interacts with our company.

We’re also working with a few blockchain specialists and plan to scale up to globally recognized blockchain experts as we strive toward building the perfect iteration of our mainnet. We will disclose more about the coming partnerships as we like to announce things to the public when we’re 100% sure they are happening. Rest assured, though. I can tell you that we have a few solid deals with significant blockchain players in our pipeline.

How is Elan Future developing? Can you describe the current development efforts, the market expansion plans, the expected applications, and when they will be commercially available?

Those are outstanding questions. I will be a bit more technical since you seem like someone who understands business strategies and development processes. Currently, Apollo is sitting at a solid TRL of 6, meaning we can connect our generator to commercially available devices; in our case, we’re talking about battery packs. From our administration department’s perspective, our goal for the rest of the quarter is to focus on the other patents we need to file. We have about six more patents just for Apollo alone, and we’re also going PCT for all of our patents which should give us an additional two years of protection before we decide in which jurisdiction we’ll file our final patents.

Regarding patents, we’re working with BCF — Business Law, Canada’s most specialized patent firm and probably one of the best in North America, if not the best. Our patent agents also act as advisors on our steering committee, ensuring constant accountability and continued progression on patent filing, landscaping, drafting, and pre-industrialization ramp-up.

From a research perspective, we’re currently working on integrating Apollo into a car battery/motor. We’re also perfecting our “door,” as mentioned earlier. Our main goal for early 2023 is to launch a small-scale pilot project in different communities to stress-test our devices in different climates, environments, and regions. If lady luck is on our side and if the gods of the supply chain are kind, we should have a pre-mass-manufacturing Apollo generator ready to submit to the rigorous CSA, UL, and CE certifications.

Current targets for Apollo in 2023:

  • EV (cars, cargoships);
  • consumer (residential);
  • energy storage.

We are also planning the final round of design, development, and the launch of our mobile app in 2023 to increase global reach and prepare for the launch of Apollo.

We are working with two business models: an OEM strategy and a licensing model. The OEM strategy we plan on tackling as early as January 2023. Licensing model will easily be deployable once we have all the certifications needed to start partnerships with big electric hardware manufacturers

Because of NDAs, I can’t go too deep into partnership details. Still, we are currently negotiating with three internationally recognized manufacturers. While we haven’t signed a complete agreement yet for various reasons, I’m confident we’ll have a few solid licensing deals by the end of the year. One of our biggest concerns is reverse engineering. For that reason, we’re taking our time because we’re not only protecting our IP; we’re protecting our potential users.

It’s worth mentioning that we’ve recently onboarded Denis Chartrand as our advisor. Mr. Chartrand has worked for Hydro-Quebec (our province’s only energy supplier) for most of his career as the director of innovation. If someone knows how to work on different applications, it’s him, and I feel privileged to have him on board with us. He has the knowledge, network, and energy to help us write the next chapter of our story.

The launch of our token was the first step of a magnificent journey ahead of us, and I couldn’t be more proud of what we’ve accomplished in the last six years. We’ll continue to strive to build the world of tomorrow, and with you all on board, success is the only option.

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