Jumat, 29 November 2019

Decentralized Mindset Institute (DMST Token) : ONLINE DECENTRALIZED RUNNING ON THE ETHEREUM BLOCKCHAIN

Decentralized Mindset Institute (DMST Token) : ONLINE DECENTRALIZED RUNNING ON THE ETHEREUM BLOCKCHAIN

image.png

ABOUT

Decentralized Mindset Institute is the 1st state of the art Decentralized online courses run on the Ethereum blockchain. The first courses will be provided by the Decentralized mindset team which will be cryptocurrency courses, Money courses, also courses on Global economics, courses on the history of money the history of the federal reserve the history of central banks. The second phase of the Decentralized Mindset Platform will be for users to create any course of any subject and sale their courses on the Decentralized mindset platform using the DMST token . The benefit of the DMST platform is the providers of courses will not need to collect payments from trusted 3rd party banks or credit card companies. They will deal peer to peer directly with their clients in a decentralized system using a decentralized token and payment system (DMST Token). Users will also share in the revenue generated by the company through a (POS) Proof of Stake algorithm. Students will not only receive the best Decentralized Knowledge in this industry but they will be trained in a masterful Decentralized mindset which will transform there entire world.
The Decentralized Mindset Institute actually pays its students to learn from a sophisticated software into the students internal wallet with bitcoins, ethereums, litecoins.

INSPIRATION & ASSIGNMENT

One of the greatest exchanges of wealth ever in the history of the world is happening right now in the Cryptocurrency blockchain decentralized world. The public has no idea what this is all about most people are distracted by the daily price of bitcoin with no clue of the functionality of the technology which is decentralization & financial freedom. This is more about the ability to transact without borders, without a trusted 3rd party, without regulations and red tape which can slow down a companies or countries momentum. In a global economy where there’s a global recession capital has been slowed down for various reasons. Today because of so-called anti money laundering laws or so-called anti Terrorism laws money has been slowed down even more which has negatively Affected the global economy from recuperating itself naturally and the people suffer.
Cryptocurrency has so many great things to offer the global economy but people will never understand the power of cryptocurrency if the banks and big corporations have there way as their main goal is to remain a centralized system of economics The decentralized mindset is the missing link in expediting the process of freeing the entire mindset of the world from an enslaved mindset of centralization of money through central banks or so-called 3rd party institutions.

MISSION

The Decentralized Mindset Institute is the first in its field A decentralized online course runs on the Ethereum blockchain. The first course will be provided by the Decentralization mindset team which will be a cryptocurrency course, Money course, also a course on Global economics, a course on money history, federal reserve history, central bank history. The second phase of the Decentralized Mindset Platform is for users to create any subject and sell their courses on the Decentralized Mindset platform using DMST tokens. The benefit of the DMST platform is that the course provider does not need to collect payments from trusted third-party banks or credit card companies. They will deal with peer to peer directly with their clients in a decentralized system using a token and decentralized payment system (DMST Token). Users will also share in the revenue generated by the company through the Proof of Stake (POS) algorithm. Students will not only receive the best Decentralized Knowledge in the industry, but they will be trained in a great decentralized mindset that will change the whole world there.

THE TOKEN OF DECENTRALIZED THINKING

Decentralized thinking institute is the first school in its field A decentralized online course runs on the Ethereum blockchain. The first course to be offered by the decentralized thinking group will be the course on cryptocurrencies, the Money course, also the course on global economics, the course on currency history, the history of inter-reserve. states, central bank history. The second phase of the Decentralized Thinking Platform is for users to create any topic and sell their courses on the Decentralized Thinking platform using the DMST token. The benefit of the DMST platform is that the course provider does not need to collect payment from third-party banks or trusted credit card companies.
They will transact directly with their customers in a decentralized system using tokens and decentralized payment systems (DMST Token). Users will also share the revenue generated by the company through the Proof of Stake (POS) algorithm. Students will not only receive the best decentralized knowledge in the industry, but they will also be trained in a great decentralized mindset that will change the entire world there.

WHY DMST TOKEN?

  • Mobile App You can manage everything with the DMST mobile app. Anyone with our DAPP a smartphone, & Internet connection, can either purchase or manage our courses anywhere in the world.
  • Secure Platform Providing a decentralized network on the blockchain with no centralized server which prevents students and course providers from hackers.
  • Blockchain Infrastructure DMST token is a ERC-20 token running on the Ethereum Blockchain and built on the POS token standard.
  • No 3rd Party Hassles Students and Providers of courses will not need banks or credit card companies or so called trusted 3rd parties to process payments.
  • Global System Global system covering any and all aspects of online education and/or informational courses.
  • Multycurrency Wallet All students will have a wallet to stake our token and 10 additional crypto currencies.

MARKET RESEARCH & STATISTICS

Research & Markets Has announced the addition of the Global E- Learning Market analysis & Trends industry forecast to 2025. The Global E- Learning market is poised to grow at a rate of 7.2% over the next decade to reach approximately $325 Billion by 2025. Based upon the product and the market with technology being of one of the greatest potential for growth. The market is segmented into learning management systems, Mobile E-Learning, Application simulation tool, Rapid E- Learning, Podcast, Learning content management system, Virtual classroom management system and other technologies.
en)
ONLINE DECENTRALIZED RUNNING ON THE ETHEREUM BLOCKCHAIN
ABOUT
Decentralized Mindset Institute is the 1st state of the art Decentralized online courses run on the Ethereum blockchain. The first courses will be provided by the Decentralized mindset team which will be cryptocurrency courses, Money courses, also courses on Global economics, courses on the history of money the history of the federal reserve the history of central banks. The second phase of the Decentralized Mindset Platform will be for users to create any course of any subject and sale their courses on the Decentralized mindset platform using the DMST token . The benefit of the DMST platform is the providers of courses will not need to collect payments from trusted 3rd party banks or credit card companies. They will deal peer to peer directly with their clients in a decentralized system using a decentralized token and payment system (DMST Token). Users will also share in the revenue generated by the company through a (POS) Proof of Stake algorithm. Students will not only receive the best Decentralized Knowledge in this industry but they will be trained in a masterful Decentralized mindset which will transform there entire world.
The Decentralized Mindset Institute actually pays its students to learn from a sophisticated software into the students internal wallet with bitcoins, ethereums, litecoins.
INSPIRATION & ASSIGNMENT
One of the greatest exchanges of wealth ever in the history of the world is happening right now in the Cryptocurrency blockchain decentralized world. The public has no idea what this is all about most people are distracted by the daily price of bitcoin with no clue of the functionality of the technology which is decentralization & financial freedom. This is more about the ability to transact without borders, without a trusted 3rd party, without regulations and red tape which can slow down a companies or countries momentum. In a global economy where there’s a global recession capital has been slowed down for various reasons. Today because of so-called anti money laundering laws or so-called anti Terrorism laws money has been slowed down even more which has negatively Affected the global economy from recuperating itself naturally and the people suffer.
Cryptocurrency has so many great things to offer the global economy but people will never understand the power of cryptocurrency if the banks and big corporations have there way as their main goal is to remain a centralized system of economics The decentralized mindset is the missing link in expediting the process of freeing the entire mindset of the world from an enslaved mindset of centralization of money through central banks or so-called 3rd party institutions.
MISSION
The Decentralized Mindset Institute is the first in its field A decentralized online course runs on the Ethereum blockchain. The first course will be provided by the Decentralization mindset team which will be a cryptocurrency course, Money course, also a course on Global economics, a course on money history, federal reserve history, central bank history. The second phase of the Decentralized Mindset Platform is for users to create any subject and sell their courses on the Decentralized Mindset platform using DMST tokens. The benefit of the DMST platform is that the course provider does not need to collect payments from trusted third-party banks or credit card companies. They will deal with peer to peer directly with their clients in a decentralized system using a token and decentralized payment system (DMST Token). Users will also share in the revenue generated by the company through the Proof of Stake (POS) algorithm. Students will not only receive the best Decentralized Knowledge in the industry, but they will be trained in a great decentralized mindset that will change the whole world there.
THE TOKEN OF DECENTRALIZED THINKING
Decentralized thinking institute is the first school in its field A decentralized online course runs on the Ethereum blockchain. The first course to be offered by the decentralized thinking group will be the course on cryptocurrencies, the Money course, also the course on global economics, the course on currency history, the history of inter-reserve. states, central bank history. The second phase of the Decentralized Thinking Platform is for users to create any topic and sell their courses on the Decentralized Thinking platform using the DMST token. The benefit of the DMST platform is that the course provider does not need to collect payment from third-party banks or trusted credit card companies.
They will transact directly with their customers in a decentralized system using tokens and decentralized payment systems (DMST Token). Users will also share the revenue generated by the company through the Proof of Stake (POS) algorithm. Students will not only receive the best decentralized knowledge in the industry, but they will also be trained in a great decentralized mindset that will change the entire world there.
WHY DMST TOKEN?
Mobile App You can manage everything with the DMST mobile app. Anyone with our DAPP a smartphone, & Internet connection, can either purchase or manage our courses anywhere in the world.
Secure Platform Providing a decentralized network on the blockchain with no centralized server which prevents students and course providers from hackers.
Blockchain Infrastructure DMST token is a ERC-20 token running on the Ethereum Blockchain and built on the POS token standard.
No 3rd Party Hassles Students and Providers of courses will not need banks or credit card companies or so called trusted 3rd parties to process payments.
Global System Global system covering any and all aspects of online education and/or informational courses.
Multycurrency Wallet All students will have a wallet to stake our token and 10 additional crypto currencies.
MARKET RESEARCH & STATISTICS
Research & Markets Has announced the addition of the Global E- Learning Market analysis & Trends industry forecast to 2025. The Global E- Learning market is poised to grow at a rate of 7.2% over the next decade to reach approximately $325 Billion by 2025. Based upon the product and the market with technology being of one of the greatest potential for growth. The market is segmented into learning management systems, Mobile E-Learning, Application simulation tool, Rapid E- Learning, Podcast, Learning content management system, Virtual classroom management system and other technologies.

TARGET MARKET

According to Forbes the millenials are the most attracted to the cryptocurrency industry for many reasons. Conversations regarding finance & global economic typically put you to sleep or just don’t grab your interest, but when technology disrupts Money and creates the Internet of Money it absolutely gets the immediate interest of the generation called Millennials from 17 to 39 years of age. Some call Cryptocurrency the digital Gold Rush.

TOKEN OF DECENTRALIZED MINDSET

The Decentralized Mindset Institute is the first in its field A decentralized online course runs on the Ethereum blockchain. The first course will be provided by the Decentralization mindset team which will be a cryptocurrency course, Money course, also a course on Global economics, a course on money history, federal reserve history, central bank history. The second phase of the Decentralized Mindset Platform is for users to create any subject and sell their courses on the Decentralized Mindset platform using DMST tokens. The benefit of the DMST platform is that the course provider does not need to collect payments from trusted third-party banks or credit card companies. They will deal with peer to peer directly with their clients in a decentralized system using a token and decentralized payment system (DMST Token). Users will also share in the revenue generated by the company through the Proof of Stake (POS) algorithm. Students will not only receive the best Decentralized Knowledge in the industry, but they will be trained in a great decentralized mindset that will change the whole world there.

Token Details

Name: Decentralized Mindset Token
Type: ERC20
Symbol: DMST
Platform: Ethereum
General release: 150,000,000 DMST
Contract: 0xced8be08a2b5d2cba4e4c0b51e8d173f9568eace
Decimal: 18

INITIAL COIN OFFERING

Amount of tokens 150 000 000:
66.7% ICO (100,000,000)
20% Bounty (30,000,000)
3.3% Referral Pool (5,000,000)
3.3% Airdrop (5,000,000)
3.3% Operation cost (5,000,000)
3.3% Contest Giveaways (5,000,000)

ROAD MAP

  • January 2018
    Started Making The White Papers
A white paper for the Decentralized Mindset Institute was compiled and written with the concept of creating the first Decentralized Platform for online courses. This document was created with authenticity and original research in connection with online course data and information with a view to disrupting the $ 325 Billion Industry. The Decentralized Mindset Institute Coin has a smart contract standard POS Stake and DAPP with the intention not only to have coins but to increase the functionality of our tokens.
  • March 2018
    Start Developing Smart Contracts
A smart contract developed with Stake Standard Evidence because we want to motivate people to get prizes by risking our tokens that can add value to our tokens and teach people how to bet. It was really a task to make our smart contracts with specific algorithms 100% awards in the first year, 50% in the second year and 3% in the next 10 or 11 years. We run several tests to ensure that this Stake Evidence will work as we wish. The DMSI token will not only be used to exchange with decentralized courses but will also be used for participants to stake.
  • June 2018
    Develop ICO Concepts and Ideologies
The Initial ICO Plan included bitcoin talks and Bounty Manager following the traditional ICO methodology. We imagine the whole world understands that there is a very strong demand for a more decentralized mentality and reality so that society can achieve economic financial freedom. We will use the influence of prize hunters around the world which basically focuses on the bitcoin talk as the main source of the ICO bounty team. Our mindset is mainly focused on ideals.
  • July 2018
    Making Marketing Plans & Advertising Strategies
We have studied online marketing for more than 5 years and we have studied with the top online marketing companies in the industry starting with the great Empower Network company and learning how to create Vlog blogs and create massive traffic funnels. We have studied the top data service companies in the Crypto Currency Industry. We fully understand CPC, PPC Banner advertising marketing, Making Funnels, Bing Ads, and marketing on social media. We decided that we must first understand the market where we were trying to confuse and find our target audience and offer them solutions to big problems that were the same problem for most of us, namely transactions, returns, information hacking and transaction costs. Our marketing. Our Marketing Strategy has the ability to reach millions in the crypto currency industry.
  • August 2018
    The DMST ICO website starts Original Development
We use our own web designer from our team to develop our website because we are very proud of this project. We as a team create a vision to create the First Decentralized Platform for Online Classes. We actually paid a man in India to do our website at first but to our surprise after half the website was finished the man ran away with our funds leaving us in chaos but our commitment to this project and all the funds we already had invested we decided we decided to let one of our team members finish the project.
  • November 2018
    Test the ICO Platform Site & Launch Finalization
The Decentralized Mindset Team is starting to become more familiar with the website features and platforms testing their functions and testing with the test bitcoin and Ethereum. We have gone through several tests to ensure that we can provide participants in prizes as well as token buyers.
  • December 2018
    Making the Bounty Bitcoin Talk & ANN platform
The team contacted the bounty manager many months before the creation of the launch. We worked with this person for 6 months and were finally ready to launch the Announcement. We gave him the whole team and project where the development began for the announcement!
  • January 2019
    We intend to start our pre-ICO on Bitcoin Talk
We intend to start this project in January 2019 on Bitcoin talk. We Officially Announce our ICO for the Bitcoin talks on January 14, 2019. A blogger who sought recognition acknowledged our ICO on January 3, 2019 and because it is still under construction we still have photos that come with the ICO template for the website. This person who nobody knows as Bitcoin Talk Blogger is hiding behind their username posted on January 3 that we have a fake team but we never officially launched until January 14, 2019 when our official announcement came out from our Bounty manager. That is a witch hunt. We realize that bitcointalk is a centralized platform with a lot of infiltration of the power to be and have real problems with a company called the Decentralized Mindset Institute. Soon our Bounty manager went to our defense and showed that we officially announced our Bounty and Announcement on January 14, 1919. It was all a lie to stop the movement called the Institute of Decentralized Mindset. It’s ironic how we share our entire team and all their qualifications but this blogger is talking about bitcoin using only usernames and we don’t know who they really are.
  • February 2019
    Reconstructing the entire Bounty Concept
The Institute of Decentralized Mindset after only 3 days told the whole team that we would prove everything wrong and that our vision would continue. We immediately decided that no platform would have the final decision of our dreams and that we needed to decentralize the entire ICO process because this was the method by which the average person had to get funds to develop their goals. We created a website with all the functions to decentralize this process. We will not allow anyone or the platform to fully control our Destiny or our reach to the public.
  • March 2019
    Making a New Website, Making a New Methodology for ICO Bounty
Based on the experience we chose at our first attempt to launch, we decided never to allow anyone to control our traffic flow. We also realize that we need to decentralize the ICO delivery process. and place People more in control of the future of ICOs or Bounties. Now with this in mind we have created a new website and concepts and ideology for Bounty and ICO.
  • May 2019
    Create a New Partnership that Decentralizes the Whole Gift Process
The Crypto Currency Industry, despite having the potential to be the most powerful innovative technology ever in World History, also has the potential to be the most dangerous technology with the power to enslave us more than governments, banks, institutions, or systems if we are not aware of all the possibilities. Our mission is not just to launch this project but we are creating a new way to decentralize the Crowdfunding ICO process and bounty platform. We have also made a new partnership which will be announced during the Offer and Initial coin Offer.
  • July 2019
    Rebuild the Bounty Platform on the DMST Platform for Marketing Plan Restructuring
We have rebuilt the ICO Bounty platform on the DMST Site, although we have found several Bounty managers who are able to manage our ICO on several platforms. Our DMST site has all the ability to host the entire bounty process from the Authentication of the Bounty Manager to the actual posting of the actual posts from all Bounty Hunters. We are truly independent. We have to develop a completely new marketing concept.
  • August 2019
    Test the New Bounty Platform. Re-Invent the Bounty Method. Hire a New Bounty Manager.
The Decentralized Mindset Institute team has now begun testing the website’s functionality and its ability to host all prizes and ICOs without using just one single platform. We have teams all over the world who follow us and believe in projects that we value for helping us test this new concept.
  • September 2019
    Making DMSI Announcement (ANN) and starting Pre-Launch
in September we began looking for a unique individual Gift Manager who understood our vision and was ready to help us create a unique marketing strategy. We have interviewed several managers not only looking for expertise but also looking for someone who truly understands the word Decentralization.
  • October 2019
    Upgrade our server
After upgrading the server, we were surprised some of the reconnection links were reestablished and we had a lot of technical work because the website that was built was actually several websites in one. This new server test is done and some website testing is to make sure everything
  • November 2019
    Pre-Official Launch
We have now officially commissioned the Bounty Manager and are ready to create Prelaunch with a unique Affiliate link campaign that participants must authenticate with the Bounty manager and separately visit the website and receive affiliate links. To qualify for the Affiliate link campaign, Bounty Hunters will receive a link and purchase a $ 10 DMST Token to receive a 5% commission in BTC from all sales generated with affiliate links paid weekly. Payment must access $ 10 to receive BTC. All tokens will get a 50% discount on Pre ICO Stag. This ICO will ensure that the bounty hunter goes with value before the company builds its platform and the company’s value sets new standards for ICOs and prizes
  • December 30, 2019
    Newsletter Updates & Partnership Announcements
the Team and Administration of Decentralized Mindset will provide a Newsletter to inform participants about the progress of the project. Our team not only builds coins, we continually create new functionality for our coins which will add to the usefulness of the coins which in turn will create Value. We will later Introduce a large partnership that will help the credibility of this company.
  • January 2020
  • We enter the Second Phase of ICO Bounty
The DMST token will now be the full price .10 cents per coin You have now missed all the discounts when we started towards the finish line. Several prizes and contests will begin to reward those who have made this trip successful. The newsletter will continue to notify prize participants about the status of the prize and the direction of the company regarding the Platform status.
  • February 2020
  • Announcement of Exchange!
We will announce the exchange of DMST tokens which will be included in the bulletin and announce the winners of a special contest that will involve prize hunters for which we have a secret surprise for the best players! ALL Platform partnerships and development will be announced and DAPP commencement will be announced and updated.
  • March 2020
    End of ICO Bounty
The bounty will be finished on this date and we will create an outward movement and platform awareness. We also anticipate that we now have the resources to create an actual platform that will disrupt the $ 325 billion Industry called the Online Course Industry.
  • April 2020
    Distribution of Prize Tokens & Evidence Starting Stakes
Bounty spreadsheets will be completed and all participants will be given share prizes will be shared and special awards will be given to those who rise to the next level with a commitment to build this platform. The Decentralization Institute will also announce certain members participating in the official Bounty members of the team because we will analyze individuals for roles or permanent positions in the company! The Smart contract will start its algorithm based on standard stake evidence and all who choose to risk the token will start earning revenue on this date.
  • May 2020
    The DMSI Crypto Currency Platform Will Begin Development!
We will develop the Platform today because we have developed relationships with programmers and coders. We will also start creating a much bigger team that will help fulfill the vision. The DMSI team will start creating developments for DAPP and build our platform with all the passion we have gathered throughout this mission.
  • 3rd Quarter 2020
    Platform Launch & Announcement for BETA DAPP testing
The DMSI team will start selecting individuals to test our DAPP and Announce the launch of the DMSI platform. We will begin to allow the public to use this platform and the Decentralized Payment system when the disruption starts.

TEAM

Rafael Suero — CEO
Abdul Cader — Smart Contract Developer (Contracted)
David Lyons — CTO
Shankar Masilamani — Programmer Analyst (Contracted)
Chehara Meeks — CMO
Sasi Kumar — Project Manager (Contracted)
Le Queshia Bell — Research and Development
Ellis Vernon — Operations Coordinator
Mandatory career — Bounty Manager
Author: Kevin Park
My ETH: 0xC871f339cD23660D21F1259ddc57d5FB0DC86f4d
Baca selengkapnya

Minggu, 24 November 2019

QUUBE EXCHANGE - QUANTUM RESISTANT STO EXCHANGE AND BLOCKCHAIN.

image.png
Quube exchange is the very first quantum-safe ecosystem, and security token launchpad with the professional exchange platform which allows STO/ICO projects to fundraise at a fast rate amongst accredited and non-accredited investors’ operations are based on the dedicated STO blockchain and designed for investment and custodian institutions.
The chain is a safeguard for all other crypto market ecosystems from quantum terminal attacks, which are bound to happen to blockchain technology in just a matter of time, estimated at five years to come. Quantum computing could pose two threats to the cryptocurrency market and blockchain industry:
  • 51% attack whereby a single quantum computer of potentially huge capacity connected to blockchain could potentially carry out a 51 % attack successfully. This leads to the quantum computer operator getting control over blockchain and may even prevent new transactions from being confirmed inside the affected blockchain.
  • Encryption algorithms attack. Encryption methods that are authorized by states and are used in cryptocurrency, crypto wallets, and cryptocurrency exchange algorithms are at the risk of being easily cracked by quantum computers.

Quube exchange solution.

image.png
Quube exchange is here to create a new quantum-resistant ecosystem that is solely focused on the security token market, high speed, super safe trading space, and communication channels too. A quantum blockchain is placed on quantum computers, therefore, eliminating the risk of 51% attack almost entirely compared to conventional computer networks.
The Quube exchange response to the second threat of encryption algorithms attack is that the quantum blockchain uses methods which are stable to quantum computing and even post-quantum encryption methods. The Quube exchange team has also come up with a software for cryptocurrency exchanges and crypto wallets operating with the blockchain recording trading logs and balances.

Why you should choose a Quube exchange.

Quube exchange is ready to fasten the processes of assets trading through creating a Security Token Market and Launchpad which is dedicated to various types of securities. The Quube exchange technology can be instantly applied in the creation and tokenization of Global Notes preferably for the REG types of corporate stocks and bonds.
The Quube exchange team is going to ensure that companies get to hold STO/ICO projects to fundraise among accredited and non-accredited investors in a very fast manner through their security token launchpad and a safe quantum ecosystem.
An exchange that is protected from quantum computing will provide services of a cryptocurrency exchange to other cryptocurrencies and security tokens. Quube exchange is going to become one of the largest tokenized assets and crypto exchanges with a profit of more than one billion dollars per year.

CONCLUSION.

It is time that you or your company made your STO with the Quube exchange platform Launchpad feature. There is increased adoption of security tokens across the entire transactional space as they bring a lot of advantages compared to other utility tokens. Quube exchange is about to offer you security from the threat of quantum computing, as well as allow you to hold your STO/ICO projects for fundraising. Five years from now, the blockchain space will be safe and so will your investment thanks to QUUBE exchange.
Do not miss out the global economy transformation!
Join🚨OFFICIAL CHANNELS πŸ“£
image.png
Author: Kevin Park
My ETH: 0xC871f339cD23660D21F1259ddc57d5FB0DC86f4d
Baca selengkapnya
2Ether - A stable ETHEREUM FORK with a suite of intuitive free tools πŸ’΅πŸ’΅πŸ’΅

2Ether - A stable ETHEREUM FORK with a suite of intuitive free tools πŸ’΅πŸ’΅πŸ’΅

image.png

What Is 2Ether

2Ether is a new digital coin based on the Ethereum blockchain. Unlike ERC20 tokens, it's a fully independent cryptocurrency – with its own blockchain, mining incentives, and so forth. It fully supports smart contracts written in Solidity and is compatible with Ethereum dApps.
The team of 2Ether has several main objectives:
  • Encourage independent CPU/GPU miners and protect them from the dominance of mining farms that use ASIC hardware. This is particularly important now that block rewards in Ethereum have been cut by a third, and market prices are still quite low. Ethereum mining stopped being profitable, pushing small miners out of the market. We realize that inflation can be a problem for any cryptocurrency, so rewards should be reduced with time. But it's not correct that ASIC farms survive in any market conditions thanks to their economy of scale, while GPU miners suffer. 2Ether solves this problem thanks to its innovative system of dynamic block rewards. The base reward is slowly reduced with time. At the same time, it's dynamically adjusted for current price. Finally, miners with a low hashrate receive an additional increase.
  • Provide dApp developers with an affordable audit tool. Smart contract audit is very important, as it helps protect investors' funds. Unfortunately, blockchain security firms charge very high fees even for the simplest audit, and many of these firms don't render quality services. On 2Ether, projects can apply for free audit – a combination of automated testing and manual reporting, done by specially vetted members of the community. There's also full paid audit with line-by-line code analysis and multiple reports.
  • Create an IEO platform integrated with a decentralized exchange and the audit system. IEOs are becoming very popular and will probably replace ICOs. They are much more secure, because projects are vetted by an exchange first. However, exchanges often charge hundreds of thousands of dollars for an ICO, without providing any guarantee of success. 2Ether will offer a decentralized IEO platform where the community does all the evaluation of projects, and all fees are distributed among users. It will be possible to arrange and launch an IEO in just a few days. The new token will be automatically listed on the 2Ether decentralized exchange. Before the IEO, projects can order a smart contract audit on the same platform.
These innovations will take some time to implement. The 2Ether coin will be launched on December 2, 2019 and at first will use the standard PoW mining algorithm with fixed rewards. Nine months into the project, the network will switch to dynamic reward calculation. The decentralized exchange and contract audit functionality will be launched soon after, followed by the IEO platform.
To promote the project, 2Ether will hold a large-scale airdrop among Ethereum holders. After a snapshot of the Ethereum network on December 2, 2019, everyone who has any ETH in a personal wallet will be able to get 1 ET2 for each ETH they have. Since it’s an airdrop, users won’t be asked to send or exchange any ETH. ET2 coins will be sent automatically.

Dynamic Block Rewards

In the first stage of the project, 2Ether miners will receive a fixed reward of 5 ET2 per block, with the average block time of 60 seconds (1440 blocks every 24 hours). Thus, circa 7 200 ET2 will be added to the system every 24 hours. At the block height of 388 800 (roughly 9 months after launch), the dynamic reward system will kick in. This section first describes the overall problem of the reduction of block rewards. Next, we describe the solution offered by 2Ether, which will keep inflation low and stable and incentivize small miners and stakeholders.

The Problem Of Decreasing Block Rewards

One of the most debated issues surrounding Ethereum is the size of the block reward. For miners, block rewards are the main source of income. On the other hand, it's also the only source of new coins on the market. The number of ethers (Bitcoins, etc.) in circulation is constantly expanding, because miners sell the coins they receive as rewards. This is a source of anxiety, because a currency like Ethereum is inflationary by nature. Some people feel that the normal laws of supply, demand and inflation don't apply to cryptocurrencies, because the demand is growing very fast that it will readily consume all the available supply. However, if the supply grows beyond a certain limit, the price of ether (or any other mineable coin) can start falling.
The most obvious solution is to reduce the number of new coins entering they system. The way to achieve this is to cut the block reward size. However, this will also mean that miners obtain fewer new coins. If the price doesn't rise considerably and the energy costs remain the same, the miners' income will fall. This is a particularly serious issue for small independent miners who use CPU and GPU devices and not ASIC chips. A large mining farm will survive thanks to its economy of scale, even if the price of a coin falls. But a small GPU miner's profit can fall to zero and even below zero. So any reduction in the size of a block reward will push small miners out of the market.
In the Bitcoin network, the block reward is automatically reduced by 50% after a certain number of blocks (this is called halving). This means that twice fewer new BTC enter circulation. In the past, each halving led to a spike in price, so that mining remained profitable for many. In Ethereum, there is no automatic mechanism to reduce the block reward. As Vitalik Buterin and others considered inflation to be a serious issue, the Ethereum Foundation eventually made the decision to reduce the reward from 3 ETH per block to 2 ETH. This was known as the thirdening and was introduced by the Constantinople hard fork in January 2019.

The Solution From 2Ether

A large part of the Ethereum community was unhappy with this decision. Since the price of ether didn't show such a strong growth in 2019 as the price of BTC, life became much harder for CPU and GPU miners. This is one of the reasons behind the creation of 2Ether. Our goal is to make sure that all members of the community can profit from mining – and that those who do most for the network earn most. The dynamic reward scheme proposed by 2Ether consists of 3 elements: base rewards as a function of the current supply, adjustment for price and increased rewards for independent miners.

2EtherEX – A Decentralized Exchange By 2Ether

Between January and September 2019, over $1 billion was stolen by hackers from centralized exchanges. Security risks are pushing more and more investors to switch to decentralized exchanges (DEX). These platforms don't yet allow to cross-blockchain trades, and offer limited liquidity. But they are extremely secure and private. On a DEX, clients don't send their funds to the exchange but place them in a smart contract. The only person with access to the money is the owner of the secret key. The only way a hacker can steal their crypto is by getting hold of the key – for example, through phishing. But there is no way to attack the exchange itself.
2Ether will introduce its own decentralized exchange 2EtherEX to complement the IEO platform. Any new token can be listed on 2EtherEx in just a couple of days and with a minimal fee. Here are the steps that a project will need to follow:
  • Upload all the documentation – White Paper, website, social media channels, GitHub page, team profiles on Linkedin and Twitter, technical paper, smart contract audit, tokenomics, etc. If the project previously ordered a smart contract audit on 2Ether, this step can be skipped.
  • If an ICO/IEO already took place on another exchange or independently, the results must be added, too. If the project held its IEO on 2Ether, this step can be skipped.
  • Staking of the listing fee (equivalent of $300); it's placed into escrow.
  • The community evaluates all the materials and either approves or rejects the project. Only high-quality tokens with a good growth potential will be added. Essentially users will accept those tokens that they would trade themselves. Not all members can evaluate tokens: it's necessary to have a stake in ET2 tokens to become an official verifier.
  • If the project is approved, the listing fee is distributed among the verifiers and the project team gets access to their listing dashboard.
  • The founders can choose the listing date and time and the initial price. The community will be automatically notified that a new token has been added.
  • Trading begins.
For those teams that held their IEO on the platform, the procedure is much shorter. The listing fee is waived completely, and the token is listed the next day after the IEO at the IEO price. The following categories of projects will be preferred for listing: IoT, AR/VR, AI, cross-chain payments and blockchain interoperability, escrow & custody, identity verification, medical tech, information security, consensus optimization, and other projects that can benefit the industry as a whole.
Project types that will be discouraged: high-risk, gambling, betting. 2EtherEX, like any other DEX, provides a matching engine and a graphic interface to facilitate trading. But the actual trades don't depend on the exchange – they are completely decentralized. 2EtherEX completes the full suit of tools for project teams offered by the platform. A blockchain project should start with a smart contract audit, proceed with an IEO, and finish with a DEX.

2Ether IEO Platform

For a couple of years in 2017-2018, it seemed like Initial Coin Offerings would be the answer to all the funding issues faced by startups. It was a fast, unregulated and cheap way of raising money – basically, a form of crowdfunding. From ICO projects in 2017, the number rose to 2018. The total amount of funds collected by ICOs in 2018 was enormous – over $. (It should be noted that $1.7 billion out of these were raised by Telegram's blockchain project, TON). On average, an investor of a successful ICO earned 100-200% in profits. People who used to invest in the Forex markets or on crowdfunding platforms rapidly switched to blockchain projects. These investments were particularly attractive because any profit could be converted into Bitcoin or Ethereum and then stored or exchanged into fiat. This income was very easy to hide from the authorities, so investors didn't have to worry about paying the capital gains tax.
But as the popularity of ICOs increased, it became clear that it's far from a perfect investment tool. Many serious issues emerged, destroying investors' trust in Initial Coin Offerings:
  • A very high percentage of fraudulent projects (more than 50%) - token holders had no legal recourse and no way of finding the conmen who disappeared with their money;
  • High costs – an ICO had to have a high budget (over $1 000 000) to attract investors' attention in such a competitive market. As a result, many talented teams couldn't afford an ICO;
  • Listing a token on a crypto exchange could be even more expensive than the ICO itself (over $1 mln on some exchanges);
  • Token dumps: a token's price would rise sharply as soon as it was listed on an exchange, then fall even faster – usually below the ICO price. Those token holders who didn't manage to dump their tokens at once suffered losses;
  • Project teams spent all their money and effort on marketing their ICO, ignoring product development. As a result, even successful ICOs usually didn't release any product.

Advantages Of IEOs

An IEO is a new format of raising investments for blockchain projects – much more secure and structured. In this model, it's not a project itself that organizes a token sale, but a crypto exchange. The project prepares a complete set of documentation and sometimes provides a prototype. The exchange verifies all the documents and the identities of the founders, analyzes the idea's value, checks the project for legal compliance, etc. If everything is in order, the exchange will agree to hold an IEO for an established fee. It will then notify its customers about the upcoming tokensale.
Usually several rounds of an IEO are organized, and in many cases tokens sell out in minutes and even seconds. The exchange acts as a guarantor that the project is legitimate and all purchased tokens will be delivered. On the other hand, all token buyers are already registered on the exchange and have passed the KYC. So the project team doesn't have to worry about verifying each buyer. Marketing expenses are much lower, too, because the exchange does some promotion among its audience.

Unfortunately, IEOs have their flaws, too:

  • Exchanges charge too much for an IEO – often more than $100 000;
  • An exchange can cancel an IEO but keep the fee, claiming that the project has violated some rules;
  • Success is not guaranteed: the exchange doesn't have too much financial interest in promoting an IEO, because it will get its fee anyway.
  • The verification process (due diligence) is nowhere near as rigorous as it should be: smaller exchanges are happy to accept low-quality projects, because it's a great source of revenue for them.

Details About The ET2 Token

  • Symbol: ET2
  • Blockchain: 2Ether (derived from Ethereum)
  • Decimals: 18
  • Mining algorithm: Proof-of-work with incentives for CPU/GPU miners
  • Average block time: 60 seconds
  • Block reward: first fixed at 5 ET2 per block, then dynamic starting from block 388 800 (around 9 months after launch)
  • Platform governance: decentralized
  • Maximum total supply: 18e14 ET2
  • Pre-mine: will correspond to the number of ETH owned by personal blockchain addresses, as revealed by the network snapshot on December 2, 2019, at 20:00 GMT. The amount will equal the total number of ether in circulation (up to 120 million ETH) - or roughly 0.0016% of the maximum total supply. An additional small number of coins will be pre-mined to reward bounty campaign members and to create a development fund for the project.
  • Distribution of pre-mined ET2: airdrop for Ethereum holders (95%), bounty (1%), reserve fund (4%).
  • Ethereum network snapshot date: December 2, 2019, at 20:00 GMT
  • Airdrop starting date: Airdrop terms and conditions: to receive free ET2 coins, it’s enough to hold ETH in any personal wallet, such as MEW, MetaMask, etc. On December 2, 2019, at 20:00 GMT, a snapshot of the whole Ethereum network will be taken to form a list of all private blockchain addresses holding any ether. These addresses will be eligible for the airdrop. Users who store ETH in exchange wallets will not receive ET2 unless they transfer their ether into a personal wallet shortly before the snapshot. For each ETH a user holds, 1 ET2 will be airdropped. It doesn’t mean any exchange or conversion, of course: the airdrop is completely free. By saying that one receives 1 ET2 for each ETH, it’s meant that the amount of ether in a wallet is used for calculation purposes only.

Roadmap

  • May-October 2019 – The project team was formed; development of the blockchain; working out the dynamic reward formula; analysis of the IEO and DEX market.
  • October 2019 – Work on the white paper and on the website; launching social media channels.
  • November 2019 – Start of the bounty campaign; completing work on the blockchain and coin; smart contract audit.
  • December 2019 - Snapshot of the Ethereum network and launch of 2Ether (December 2); large-scale airdrop of pre-mined ET2 tokens to Ethereum holders; bounty campaign continues.
  • January-March 2020 - Work on the decentralized exchange; attracting and verifying users who could evaluate projects and audit smart contracts.
  • April 2020 - Release of the decentralized exchange; testing the system for evaluating IEO projects; work on the dynamic block rewards mechanism.
  • May 2020 - Launch of free smart contract audit (target – at least 10 auditors on the platform); testnet for dynamic block rewards launched.
  • June 2020 – Final tests of dynamic block rewards; at least 20 auditors on the platform; 5+ smart contracts evaluated.
  • July 2020 – Block height of 388 800 reached and dynamic block rewards adjusted by block height are launched on the mainnet; at least 5 smart contracts are audited; testing the IEO platform.
  • August 2020 – the IEO platform is launched in the test mode for outside testers.
  • September 2020 – First IEO on the platform; adding the adjustment of block rewards by price.
  • October – December 2020 – A total of 20+ IEOs on the platform; introduction of reward incentives of CPU/GPU miners.

ACCURATE INFORMATION

Author: Kevin Park
My ETH: 0xC871f339cD23660D21F1259ddc57d5FB0DC86f4d
Baca selengkapnya