2Ether
The Concept Of The 2Ether Platform:
Introduction:
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. Cryptocurrency mining is essentially a process of solving complex and long-term numerical calculations in the creation (verification) of a new block on the Blockchain. Blockchain requires a computer that is online at any time to validate all transactions made on the network. Therefore, a computer that is able to find or validate existing blocks will get a reward (prize) in crypto currency pieces instead of the resources used by the Blockchain. Previously mining could only be done with CPU, now mining must be carried out by computers with large processing power in transaction verification. Minimum ASIC equipment for mining Bitcoin Classic (BTC) or GPU equipment for Bitcoin Gold (BTG) or other Cryptocurrency.
Our course of events for presenting the fundamental highlights of each of the three arrangements is around 9 months. 2Ether will dispatch on December 2, 2019, from the start still with static square compensates. Just before the dispatch, we'll do a depiction of the Ethereum system and afterward send free ET2 tokens to all ether holders. Truth is stranger than fiction; any individual who has ether in an individual wallet not on a trade will get some ET2. This will be one of the hugest crypto airdrops we think about. Nine months into the undertaking, the system will change to dynamic remunerate figuring? The decentralized trade and agreement review usefulness will be propelled before long, trailed by the IEO stage.
INNOVATIVE FEATURES OF THE 2ETHER ECOSYSTEM:
2Ether provides a convenient low-cost launch pad for startups that promises and rewards all users who benefit from the network.
Real To Be Used In Real World Business:
The key to 2Ether’s market strategy is building partnerships with global and regional crypto payment gateways and online businesses; ecommerce stores, game platforms, crowd funding sites, and so on.
Free Audit Of Smart Contracts:
For projects that are setting up IEO, smart contract auditing is an important step. Send audits to potential investors for their safe funds. Unfortunately, blockchain agencies require huge costs for contract audits — and don’t always provide reliable results.
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 guarantees 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.
THE 2ETHER MAIN OBJECTIVES:
a. 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 hash rate receive an additional increase.
b. Provide dApps 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.
c. 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.
PROBLEM:
• Block gifts for miners continue to decrease
• IEO fundraising is too expensive & unreliable
• Audit services available have a low quality / price ratio
• Most of the funds raised are spent on listings, not development
SOLUTION:
• Dynamic and specific rewards for missions
• IEO platform is automatic with a direct register
• Free crowd sourced smart and AI contract audits for free
• Default decentralized exchange with zero registration fees.
2ETHER PLATFORM KEY STEPS:
- Registration:
Founders need to enter detailed information about the project, its utility, tokenomics, jurisdiction, website, presentation (pitch deck), social media channels, and Github page; the token's smart contract must be provided, too; - Adding Team Members:
Full names, short bios, links to LinkedIn profiles and Twitter accounts; - Uploading Documents:
White Paper, Technical Paper, one-pager, business plan, financial model; - Payment Of The Initial Application Fee (Circa $100);
This fee is allocated to those users who conduct project verification. Further, the project creators need to stake a certain amount of ET2 (equivalent to circa $1000-2000, depending on the project complexity and IEO terms). This stake is released immediately after the IEO. - All the files and information become visible to the whole 2Ether community;
- Members Of The Community Conduct Independent Reviews Of The Provided Materials And Rate Them:
Specially approved members audit the smart contract. Every rating gets its own hash, which is recorded on the blockchain. Ratings are treated as transactions where the amount sent is zero. Each user who leaves a rating is rewarded with ET2 tokens. - The Total Rating Of The Project Is Calculated:
Those projects that score above 1000 points (this number can be corrected in the future) are considered approved. If a particular project feature seems very suspicious, a user can set a red flag, calling upon other network members for further scrutiny. If a project is found to be fraudulent, it's rejected, even if it accumulates a high number of rating points. - The Project Receives A Notification About The Verification Results:
The application fee is not refunded, even if the project is rejected. - Approved Projects Get Access To The IEO Dashboard, Where They Can Customize Their Token Offering.
It's possible to set the number of rounds, price of one token in each round, discounts or bonuses, accepted payment methods (ET2, ETH or both), number of tokens offered in each round, duration, start and end dates, token listing date, etc. - Based On The Information Provided:
The IEO fee is calculated according to a special formula. In general, the more funds a project aims to raise, the higher the fee. In any case, the total fee will be much lower than on centralized exchanges. - The IEO Is Registered In The System:
And information about it is published on the platform. The project can also choose to begin their IEO immediately and make it last for weeks or even months. It's even possible to set the token listing date within the period of the IEO. In this case, the token can be trade while the initial token sale is still active. Of course, this can mean additional risks for the project if the token's exchange price falls. - When The Start Date Of The IEO Comes:
The token will become available in the IEO section on the platform. All raised funds will accumulate in a special IEO wallet protected by the multisign technology. This means that while the IEO is running, the founders won't be able to run away with the money. The other private keys to the wallet will be allocated to a number of high-rated network members. The number will be high enough to exclude collusion with the founders. - At The End Of Each IEO Round:
The raised funds will be released from the wallet (once the necessary signatures are collected). The remaining part of the fee is deducted from the total amount. This fee, too, is distributed among the users who run verification and full nodes. A part of the fee is transferred to the 2Ether development fund. - The Funds Are Transferred To The Project's Wallet:
The process is repeated in the subsequent rounds. If the project decides to organize an additional fundraiser down the line (for example, several months later), it won't have to submit all the initial info again. But it will be required to provide proof of progress (an MVP or anything that has been done since the last IEO round).
ROAD-MAP:
For More Details On 2Ether Project, Please Kindly Visit The Links Below:
Website: https://2ether.com/
Whitepaper: https://2ether.com/whitepaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=5201756.0
Facebook: https://www.facebook.com/2Ether/
Reddit: https://www.reddit.com/user/2Ether
Twitter: https://twitter.com/2Ether
Medium: https://medium.com/@2ether
Discord: https://discord.gg/TuqG4py
Telegram: https://t.me/blockchain_2ether
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