Rabu, 11 Desember 2019

DAIN

Decentralised Artificial Intelligence Network



INTRODUCTION

Artificial intelligence is positioned at the core of the next-gen software technologies in the market. Companies such as Amazon, Google, IBM and Microsoft have actively implemented AI as a crucial part of their technology. But this comes at a cost: the vast number of computer resources required to perform these tasks. The hardware must be constantly renewed and consumes huge amounts of electricity for cooling. And with the exponentially increasing amount of data to exploit, the trend is only growing.
The cloud market is valued at USD 291 billion in 2019 and is expected to reach USD 1.25 trillion by 2025, at a CAGR of 27.50% during the forecast period. Machine learning is projected to be the segment with highest growth, reaching USD 188.4 billion by 2025, at a CAGR of 48.60%.

DAIN COMPONENTS

Understanding and leveraging the possibilities of an artificial brain with unlimited scalability is a complex task. This white paper splits the explanation of DAIN’s potential into three different interlinked components, examined separately and in detail:
DAIN Ecosystem: 
DAIN is created, built, and grown by and for its users. Like theinternet, DAIN users will define what DAIN will become in the future. Users can participate in this ecosystem by playing different roles.
DAIN Solutions: 
The business toolbox designed to offer out-of-the-box value to
DAIN users. 
It aims to streamline the democratization of AI and enable new business models.
DAIN Platform: 
The core underlying infrastructure that enables the ecosystem and the creation of solutions. Its mission is to establish a secure marketplace for computing resources, data and AI models.

How is DAIN comparable to a huge brain?

Any user can teach the brain how to perform certain tasks and subsequently ask for these tasks to be executed. Likewise, another user can ask for the same tasks to be executed, as long as the first user has instructed the brain to allow others to access this knowledge
The brain will remember all the tasks it learns and continuously improve its performance of them. Eventually, it could perform any number of tasks simultaneously, with the sole limitation of its size. The brain has the potential for unlimited growth by adding more computing devices. Like a natural brain, it must consume energy to perform any task. In this case, the energy is the reward given to the device owners.

Our Mission

1. Democratize AI access
AI out-the-box. No restrictions on data, computational resources, knowledge or time to consume AI.
2. Clear monetization models
Create new data-based revenue streams without losing control, ownership or awareness of your model.
3. New business & relationship models
The exchange of exclusive assets and services between companies and their customers/partners.

Why DAIN is necessesary ?

AI entry barriers
Despite its great impact on society and enormous demand, AI and its needs are difficult to understand. Businesses and professionals are not prepared for its large-scale exploitation. These circumstances especially affect the most traditional companies, which are at a disadvantage amid disruptive transformation. To ensure the fair, cheap and agile integration of AI in society, benefiting both companies and their customers, specific tools are needed that address these entry barriers.
Vendor lock-in and neutrality
Black box behavior makes it extremely difficult to audit AI. The models can introduce biases through data, deviating solutions from the desired outcome. Or biases can be introduced by model creators when the created models reproduce representations of reality that do not match their ideological interests. Unaudited AI services from cloud computing service providers increase these problems. It is necessary to give companies the opportunity to choose the most neutral and impartial solutions and avoid vendor lock-in.
Sustainability
Recent studies warn of the huge carbon footprint and the high consumption of electricity resulting from the current approach to Cloud, AI and DLT. Today’s data processing centers consume around 3% of the energy produced by humans, and the power consumption of bitcoin mining already surpasses that of Switzerland. It is not necessary to manufacture more dedicated hardware to cover the technical needs of both technologies. To ensure sustainability, we need to better utilize the resources we already have in a more efficient way.

What happens when Artificial Intelligence meets Blockchain?

DAIN is for you
We are creating an ecosystem made up of businesses and end users,
enabling unlimited B2B, B2C, B2B2C models
Hardware providers
You can sell your unused computing power from any kind of device or equipment, anytime, anywhere.
Producer clients
Create artificial intelligence models through your data or with third-party data and sell these models to generate new revenue streams
Consumer clients
Apply existing AI solutions on demand with no limitations on computing capacity, knowledge or data

Solution benefits

DAIN gathers the lessons learned over the past decade and brings together the most cutting-edge technologies to offer a solution to existing problems.
Reduce the costs of IaaS
By using spare computing power, it eliminates the initial hardware investment from the IaaS cost equation. As it is a dispersed network, it does not need to cover cooling costs.
Accelerate time-to-market
DAIN has a marketplace of AI models created by ecosystem users, allowing companies to share solutions and harness the potential of existing knowhow. Through data and knowledge-sharing, the time for new developments will be reduced exponentially.
No transaction fees
DAIN is smart. DAIN can adapt to congestion and learn from the activity of its nodes to understand their motivations, preventing honest users from wasting their computing resources or paying transaction fees.
IoT and 5G ready
The absence of fees and the distributed computing model of DAIN allow very low capacity devices to be part of the network. This technology will leverage 5G connectivity and the wide heterogeneity of devices connected to the internet.
Zero-code solution
No expert knowledge is required to take advantage of its benefits. By using AI to design AI, non-tech citizens are enabled to start participating in the AI revolution.
Unlimited computing
Designed to put the power of a myriad of devices at the disposal of AI. Access computer resources easily, economically, elastically and on demand.
Confidentiality
Thanks to the latest and most innovative cryptographic techniques, all data and published solutions are completely confidential, even when shared among users.
Certified solutions
Thanks to the properties and nature of AI algorithms, all delivered solutions are certified by an automatic machine-to-machine process.

We’re making a difference

We’re working on a set of new technologies to completely change the paradigm of decentralized computing in solving artificial intelligence problems.
Noesis Protocol
Novel scalable distributed ledger technology based on stressless DAG, allowing the demand-driven management of network congestion.
Recruitment Protocol
Anti-spam protocol based on t-threshold cryptography schemas, topology location testing and capacity testing.
Fractal Multi-Cast Propagation
Content-publishing protocol through flooding over P2P networks, enables network scalability while optimizing propagation time.
Quorum Confirmation
Security protocol against network forks applying voting statistical convergence to Byzantine fault tolerance.
Encrypted AI
Homomorphic encrypting mechanism that guarantees confidentiality of data used for model training and the generated models stored in blockchain.
Useful Proof of Targeted Work
Algorithm that allows the network’s computational resources to be used to solve real problems and certify them as proof of work.
Distributed Computing Framework
Speed up the identification of the best solution by allocating optimal computing power to solve your AI problems.
Secure Multiparty Computation
Enables trustworthy computation and content publishing in unsecured environments. Detect and manage malicious activities through roles based on game theory.

The Roadmap

We are just beginning, but everything is already mapped out and planned. Learn about our next steps.
2018 Q3
DAIN network conceptualized
2018 Q4
DAIN technical design complete
2019 Q1
Agreement with Universidad Pontificia de Comillas to fund a research project on DAIN
2019 Q2
DainWare funded
White Paper published
Funds raised from 8 angel investors
Advisor Board
2019 Q3
Agreement with SecondWindow to provide development workforce
We are here
2019 Q4
IEO 1.0
Token Private Sale
Telefónica & Eleven Paths LoI sign off
2020 Q1
IEO 2.0 with additional exchanges for extended reach
Research Article Publication
PoC Industrial Use Case
2020 Q2
ICO
2020 Q4
Testnet launch
Concept Demo Release
2021
DainServices set-up
go-to-market service provider and integrator

The DAIN Team

The DAIN team is made up of professionals with extensive experience in startups, entrepreneurship and large multinationals. We also are proud to have the support of collaborators from multiple sectors and the academic world.
José Ramón García Luque
Co-founder & CEO
Cognitive & AI Architect at Sabadell Bank
Luis Garcia San Luis
Co-founder
CIO at Deutsche Bank SAE
Carlos Díaz Conde
Business Development & Strategic Alliances
Jesús García San Luis
CTO
CTO & Founder 8g Analytics
Technology Advisor LossLessLinen
Luis Garcia Lorente
COO
Promptwave founder
(ICEX Innovation award)
Strategic Partner Advisor & Judge @Startup Europe Awards
Andrés Contreras Guillen
Head of Solutions & Services

Research Team

José Luis Gahete Díaz
Professor at Universidad Pontificia Comillas de Madrid ICAI-ICADE
David Contreras Bárcena
Director of the Department of Telematics and Computing at Universidad Pontificia Comillas de Madrid ICAI-ICADE
David Alfaya
Professor in the Department of Applied Mathematics of the ICAI School of Engineering
Alejandro García San Luis
Professor at Universidad Pontificia Comillas de Madrid ICAI-ICADE
Israel Alonso Martínez
Professor at Universidad Pontificia Comillas de Madrid ICAI-ICADE

Advisory Team

Francesc Fajula De Quintana
Director Open Innovation at Banco Sabadell
Roberto Nuñez Del Rio
Founder at Why? Training and HubIT Digital
Marcos De Pedro
CEO at myClouddoor
Covadonga Fernández
Director at Blockchain Observatory
José Salamanca
COO at UST Global España & LATAM
Jorge Alonso
General Director at Second Window
Ricardo Usaola
Regional Vice President – Iberia MuleSoft Sales at Salesforce
Valentin Galan
Channel and Alliance Regional Partner Director at Mulesoft, a Salesforce Company
Juan Boquera
Operations Manager at The Cocktail
Juan Antonio Sánchez Cañibano
Head of Digital Services Sales Specialists
Jorge Aponte
Influencer Blockchain & Crypto | Global Busines Developer
Author: KHAN SHIQ QHEIL
Diposting oleh di Tidak ada komentar:

Intelligent Hero

WELCOME TO INTELLIGENT HERO

PLATFORM FEATURES

Best Results for Online Job Searches
We are aware that getting jobs for those users who don’t have degrees to back up their skill-sets can be very difficult. With intelligent Hero, you can take tests within certain fields and get results that can serve as a reference point, imprinting your professionality and standing as a method of attesting to your professionalism in your said field.
Exclusively Discreet Security Measures
One major issue with many platforms out there is the issue of security. Even major platforms that employ the best security measures still don’t have credible security measures that protect user information from being stolen by advertisers and data criminals.
We Eradicate the Issue of Localization of Knowledge
We have created our platform to help our users meet up with international standards. We give our users the sole ability to keep up with information from their fields and selected interest areas, thereby keeping users up-to-date with happenings all across the world.
We serve as a validation Instrument
Intelligent Hero is a quick adaptive platform that issues out tests to professional users based on their areas of specification/specialization. We ensure that our users don’t lose jobs because of the lack of university degrees in their areas of specialization. We serve as a method of ensuring the integrity of a particular job profession.
User-Friendly Platform
Despite the complexities behind the backend of our platform and the integration of the technicalities of blockchain technology, we maintain a simple, user-friendly interface. Our users can easily go through our platform and understand the various buttons they see and understand how they work without the need for external aid.
Reward system
One of the major reasons for employing the blockchain technology is to ensure a responsive system that gives incentives to users of the platform for making use of the platform to perform specific tasks (T&C apply).

ECOSYSTEMS

Testing Platform
Our ecosystem encompasses an environment for issuing tests and giving out of results. We utilize the blockchain technology to store results for call-up whenever the need arises.
Income Sources
Intelligent Hero has a well-structured cash flow model based on smart contracts. These models are used to reward our users who make use of our platform. These rewards are given form our platform to our users as a form of incentive.
DApps and Blockchain
Intelligent Hero employs a group of DApps for the consumption and distribution of contents stored on the blockchain through our platform to WEB 2.0.
Intelligent Community
Join other users who are constantly looking to improve themselves and stay up to date with international standards. Our community of intelligent heroes is waiting for you to join in.

MEET OUR HEROES

Our heroes are an integral part of the who have passed the verification process of our platform. Not only do they get to recipe tokens as benefits and incentives, but they also have special features activated. Features like anonymization, passed tests, ranks, and vectors, tasks to reach the next level, profile tests/tasks verification offers, ongoing knowledge proving missions, offers for exploring new directions, HR requests, and rewards. Our heroes also get the opportunity to create tests for approval by the platform.

HERO TOKENS

Our Tokens with a realworld use case created on the blockchain network.
Sales Information
Base Price: $0.5
Token Sale Ends: 20 March 2020
Seed Sale phase: $1000000
IEO Phase 1: $2000000
IEO Phase 2: $3000000
Total Token Supply: 100MM
Tokens Allocated for ITO and IEO: 30MM
Accepted: ETH, BTC, USD, EURO
Author: KHAN SHIQ QHEIL
Diposting oleh di Tidak ada komentar:

Senin, 02 Desember 2019

CODEO Token

The New World Digital Asset

Cryptocurrency like Bitcoin or Altcoin seems good to be a worldwide exchange tool. Yes, forget about certain real currencies which are only available in certain countries. Along with the development of internet technology, any transaction can be done globally by using it. Interestingly, not only is it more flexible to shop or buy things, it seems that you have to use Cryptocurrency in a smarter way. One way is to use it as an object of trade and investment. So, how is it?
Of course, first of all, you should join the Cryptocurrency website platform which allows you to carry out funding activities such as trading and investment. It is very difficult especially crimes such as fraud which are quite common nowadays. In the meantime, there are many sites out there that offer such facilities without you possibly knowing whether they are valid or not. for this, it is recommended that you use Codeo Tokens: New World Digital Assets. This is a type of Cryptocurrency platform with simple requirements, easy access, and many great features. This is even more interesting because consultations and discussions are available here to support you becoming more successful later.

Introduction

Because the growth of the digital industry makes blockchain technology develop faster and faster, it is marked by the emergence of new platforms that are experimental and only want to be seen to have an impact, but in reality many platforms fail and lead to fraud or failure. to release their products on the market. seeing from these various problems codeo tokens provide innovation and new colors in the blockchain industry and become an answer for investors and people who are interested in the cryptocurrency sector.
There are three things that are very basic and become a principle for Codeo Token in running business systems and technology, namely Integrity, Transparency and warranty. Codeo Token Present in building a community of users who are united together in a vision dedicated to building a decentralized and open integrated Blockchain ecosystem where community and ecosystem growth will foster awareness of the use of transactions using safe, fast, and microfees digital assets.

About CODEO TOKEN 

Codeo Token is a payment instrument that uses ERC 20 technology. This transaction instrument is supported by Nodes Network based on Ethereum Technology which has a mutually supporting and complementary ecosystem. The advantage of buying Codeo Tokens is that you will get a guaranteed base price of $ 1 per 1 token that you buy from Five Angels Investment Holding Pte. Company Ltd. This is a Singapore-based company with registered number UEN201835723H. 
This company will guarantee and save your conventional money based on the amount of tokens in circulation in the Company’s bank account. You will have a repurchase guarantee of $ 1 which means that the price of Codeo Tokens will not drop below $ 1. If this happens, as a registered and trusted company, Five Angels Investment Holding Pte. Ltd will buy back your Token for $ 1.  In addition, having your Codeo Token will get additional benefits from the 2% interest rate that you can receive on June 7 every year. Value of 2% of $ 1 The value paid will automatically be added to your Codeo Token Wallet based on Equivalent Market Value.
Codeo Tokens are built using peer-topeer technology that is very safe and decentralized. Codeo Tokens are transaction instruments that are integrally part of the ecosystem that are products and contribute significantly to supporting all Codeo Token activities. Codeo Tokens are similar to the idea of ​​tokens namely; has an integrated concept, such as Binance where BNB (Binance Coin) as a transaction instrument will support all activities in Binance. Unlike Codeo Tokens where all tokens will be integrated with all major transactions and circulated in the ecosystem. Therefore  Codeo Tokens  will be calculated as internal currency and also utility tokens. 
Codeo Token can be seen and traded on major Market Exchanges throughout the world such as BINANCE, IDAX, HUOBI, CATEX and BITFINEX. Codeo Token  is a LIMA INVESTMENT, LIMA LIMITED business unit based in Tortola British Virgin Island (BVI) that publishes and supports Codeo Token products   and its global operations.
The growth of Codeo Tokens begins with the existence of our first step Ecosystem. Market exchange, Archidax, and our Incubator Program will support the growth of digital startups and encourage the use of all Codeo Token network products released by startups as members of the Archidax and Codeo Token incubation programs. Codeo Token will also continue to expand market networks and transactions in all crypto market exchanges throughout the world, especially in the top crypto market exchanges. The use of Codeo Tokens will also continue to grow in all industrial lines outside the Blockchain, both digital and non-digital. Like Paypal, our vision and mission is to facilitate users to easily transact anytime and anywhere without excessive fees as charged by conventional banks

ARCHIDAX Exchange 

As a crypto and Digital Asset Exchange, Archidax is here to answer all problems and challenges faced by investors or blockchain traders from exchanging coins / tokens to funding disbursements to bank accounts. Archidax provides various access, facilities, speed, security, and convenience for traders or investors to trade and trade. Archidax Features and Services will support investors and traders to be able to increase trust and accelerate the value of trading and transactions at Archidax, which include:
  • Low Cost
  • Token / Coin List
  • Safe & Secure
  • IEO (Initial Exchange Offer)
  • Supported 7 Currencies
  • Community Coin / Token Voting
  • Fast Deposits & Withdrawals
  • Digital Stocks

Token Details

To calculate the number of tokens you will receive, you can follow the following formula. Note that this only applies to public presale contributions. If you participate through a private syndicate or presale.
  • Symbol: CODEO
  • Initial Value: 1 CODEO = 1 USD
  • Smart Contract 0x46b4a7d906F1A943b7744Df23625E63726d79035
  • Type: ERC20
  • Total 1 Trillion Supply
  • Distribution of CODEO 30 Billion CODEO
  • Initial CODEO Published 3 Billion CODEO
  • IEO Issues 300,000,000 CODEO

Token Distribution

  • 40% PUBLIC IEO
  • 20% CODEO FOR GROUPS
  • 10% ARCHIDAX IEO
  • 20% ARCHIDAX DIRECT INVESTMENT
  • 10% PUBLIC TRADE

Roadmap

February -April 2019
Ideas and Creations
April-August 2019
Archidax Exchanges & Trading
devlopment
October 2019
Codeo & Protocol
Creations
Nov 8-Dec 8 2019
and IEO on CATEX and SATOEXCHANGE
Live now
November – December 2019
Register IEO on Binance
December 2019
Mobile application for iOS & Android
Author: KHAN SHIQ QHEIL
Diposting oleh di Tidak ada komentar:

Minggu, 01 Desember 2019

2Ether

A stable Ethereum fork with a suite of intuitive free tools for

launching infrastructure projects and implementing digital payments

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.

Mission

We aim to select the best of community ideas and bring them to life, building a framework where miners, developers, and the most promising infrastructure projects can thrive.

What’s special about 2Ether?

By using novel data analysis algorithms, we gather the best insights, improvement proposals, and startups. Thanks to 2Ether, you can launch an IEO and get funding for your idea in just two days.

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.

Challenges and solutions

2Ether doesn’t promise unrealistic processing speeds or an instant transfer to proof-of-stake and other tech that
doesn’t even exist yet. Instead, we offer solutions to real network problems and easy-to-implement use cases.

Problem

  • Block rewards for miners keep getting reduced
  • IEO fundraising is too expensive & unreliable
  • Available audit services have
  • a low quality/price ration
  • Most of raised funds are spent on listing, not development

Solution

  • Dynamic, mission-specific rewards
  • Automated IEO platform with immediate listing
  • Free crowdsourced and AI-powered smart contract audit
  • Built-in decentralized exchange with a near-zero listing fee

Innovative features

2Ether provides a convenient low-cost launchpad for promising startups and rewards all users who benefit the network.
Designed for use in real-world business
The key to-market strategy of 2Ether is to establish partnerships with global and regional crypto payment gateways and online businesses – eCommerce stores, gaming platforms, crowdfunding sites, and so forth.
Free audit of smart contracts
For a project preparing for an IEO, smart contract audit is a crucial step. An audit report proves to potential investors that their funds are safe. Unfortunately, blockchain agencies charge large sums for contract audit – and don’t always deliver a reliable result.
Full IEO Automation
Initial exchange offerings have replaced ICOs as the preferred way of fundraising. Unfortunately, it was quickly turned into an industry. Major exchanges charge hundreds of thousands of dollars to launch an IEO – and don’t provide any guarantee of success.

2Ether DEX

We’ve designed 2EtherDEX to have the best of both worlds. It offers fully automated on-chain order execution and bullet-proof
protection against hacker attacks.
2EtherDEX – take your decentralized trading to a new level
Unlike on centralized exchanges, on 2EtherDEX you never risk losing your money. At the same time, you get solid liquidity, fast order matching, and a range of analytical tools.
You can choose from 3 blockchains: Ethereum, EOS, and TRON, easily trading any token issued in these networks. No listing fees and no trading fees except for the standard blockchain network fee.

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.
Author: KHAN SHIQ QHEIL
Diposting oleh di Tidak ada komentar:
Langganan: Postingan (Atom)