Can Luxury and Blockchain Protect Investors During the COVID-19 Pandemic?
The ongoing global pandemic has created a shared experience of fear and confinement across all social strata, impacting the wealthy and the less fortunate alike. While many businesses have temporarily closed their doors in response to these challenging circumstances, some are seizing the crisis as an opportunity to provide unconventional solutions aimed at mitigating job cuts and stabilizing the market.
### Crisis as Opportunity
In the midst of significant market downturns, an innovative blockchain-fintech company is launching a growth initiative that promises rewards in its proprietary cryptocurrency, EUM. Elitium is contributing over 1 million EUMs—currently valued at approximately $1 each—to a rewards pool. Participants can earn these rewards by writing or sharing articles through social media and professional networks, assisting with market-making tasks, forming various online groups, and bringing in new partners and app users. For those facing job losses at such high rates globally, these additional earnings may offer a crucial lifeline.
Remarkably, Elitium has consistently ranked as one of the top performers in the cryptocurrency market, even as many coins struggle during this critical period. Analysts note that holding onto EUM and engaging with the community could yield positive results.
This shift highlights how adversity can prompt innovation and create new avenues for support and economic activity during difficult times.