Elxis is a project which revolves around the field of renewable energy resources. According to its whitepaper, the main goal of Elxis is to create an alternative energy resource that can help people fulfill their everyday energy needs. According to its website, Elxis is entirely safe for the environment, tested and certified, and intends to launch its blockchain technology.

In the modern world, people are using energy every day in one or the other way to complete daily tasks, for example, moving cars, doing household work, etc. Such common energy resources demand significant allocation of financial resources every year. Most energy production is done through environmental intervention, destroying the natural ecosystem. Such energy production has some alarming issues, including high economic cost, low energy output, limitation in natural resources, the requirement of ample land for production, safety risks, etc.

At the same time, renewable energy resources present a solution to many problems produced by the current energy excretion process. Hence, Elxis comes into the picture. Elxis claims to provide various ways to power a user’s everyday life, including solar power, sound waves, and electromagnetic waves, making such energy sustainable in all types of climates throughout the day. Elxis can produce energy without the limitation of sun and wind availability and does not produce greenhouse gases. Also, the project can maximize power production by using a small surface, generating energy 24x7.

Elxis has its native cryptocurrency LEX, which is used as a public investment tool on the Ethereum blockchain. LEX is an ERC-20 compatible token. The Elxis ecosystem intends to allow developers to create energy-focused applications to interact with home appliances. The token is also designed to be used as a payment option for Elxis hardware. Another purpose for making LEX was to provide investors an opportunity to become a part of Elxis by investing in it and expanding the project in the field of blockchain and cryptocurrencies.

According to its whitepaper, the project was founded in late 2019 to early 2020. The LEX token got listed on decentralized exchanges in early 2020. However, the whitepaper of the project got released in 2019. The team behind the project includes Kris Ninakos (CEO), Sophia Pax (co-CEO), Stavross (CFO), and Kostas (COO). Such members are scientists specializing in renewable energy medical and social sciences. The total supply of LEX tokens is 13,000,000 coins.