Erosion Ethereum's First Hypodeflationary Property
Hello friends! Today I will introduce you to the first hypodeflationary currency originally based on ethereum blockchain! That is Erosion. Let's go find out!
So what is Eosion?
(EROS) Erosion is the first hypodeflationary ™ currency based on the ethereum blockchain! In order for me to explain to you yet unknown about Ethereum, ethereum is the Ethereum is a Blockchain platform that adds Smart Contract functionality. Developed by Vitalik Buterin in late 2013. ETH, also known as Ether, is the currency in the Blockchain system of Ethereum. This is what you can trade on the current exchanges. Summary: Ethereum is a Blockchain platform, and ETH is the currency in the foundation of Ethereum. The blockchain is a database system that contains information, used to store information in linked information blocks, and is managed by everyone involved in the system, rather than on one side. 3rd party like state or central bank; At the same time, it is possible to safely transmit data by a complex encryption system, and be expanded over time.
So what is the Erosion token? The Erosion token (EROS) is a declining currency (deflation) on the Ethereum chain. Initially, 10,000,000 EROS were created and will no longer be cast. Every time Eros is sent, 0.01% of the transaction disappears from the total FOREVER supply. Low 0.01% combustion allows these to be much more feasible when used in dapps. With the following main features:
Hypodeflationary 0.01% write rate: During each transfer, 0.01% of the transaction will be burned and removed from existence. But EROS will have no minimum combustion, unlike bombs, EROS has 18 decimal points in the token contract, which allows for accurate transfer, EROS also does not burn more than 14 decimals, that is in the distant future. , EROS will not cancel itself.
Compatible Dapp: Standard ERC20 protocol to integrate Dapp easily while still providing long-term benefits of deflation.
Provide up to 10 million: Only 10 million EROS tokens will be generated. This supply will reduce the increase in scarcity of overtime. Below is the proposed supply index:
- Total supply of 10,000,000 EROS
- Spacedrop total- 8,000,000 EROS (80%)
- Bounty total- 1,000,000 EROS (10%)
- Team + other (payment list, etc.) - 1,000,000 EROS (10%)
- Decimals- 18
- Burn roundoff - 14
- Burn rate - 0.01% of each transaction token name - Echo token symbol - EROS
Assets that do not self-destruct: EROS recorded to the 14th decimal level means that there will be a remaining supply after the recording process is completed.
Ecosystem Dapp extends: EROS will be integrated into a large ecosystem of dapps that will help promote mass adoption.
With 10,000,000 EROS to market, how can the Spacesrop / airdrop be distributed fairly? To solve this problem, Erosion has caused 8,000,000 EROS to be locked in a smart contract, will reduce 500 EROS for each address listed in the whitelist, to list your address, you will need to post your address (must be in any form before 30 days begin) and your twitter profile link (must forward the tweet pinned on EROS's official twitter account) to @Erosion Spacesrop. If the message passes these requirements, the bot will instruct the user on how to receive airdrops! Each address or twitter account can only be used once. This reduction of space will only last for 2 months and if by the end of the two months, any tokens left in the contract, they will be burned.
For more details:
Website: http://erosiontoken.surge.sh/
Twitter: https://twitter.com/Erosion_token
AUTHOR: Gambangcity
ETH: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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