Introducing Euclideum
Euclideum is a Proof-of-Stake (PoS) platform, where users can stake ECL tokens to become validator nodes on the network. ECL staking will be available to the public in early 2021. Stakers will be able to earn 8% annually, by staking real crypto assets on the protocol. Launching a node alone requires a stake of 20 ECL, which is relatively cheap compared to staking on Ethereum 2.0 (32 ETH).
According to the project leader, there are already developers working to grow the blockchain ecosystem to come. In their roadmap it is stated that they expect there will be 10+ applications running on the platform throughout 2021. The applications will be built by their team, along with funding from other project teams. There will also be a way for new projects to get their public crowdfunding via the Euclideum network.
Euclideum hosts an airdrop where users will receive ECL tokens, depending on the amount of Ethereum they have in their wallet. Each user will receive 3 ECL tokens for every 1 ETH kept in the wallet.
About ArchimeDEX:
Provides liquidity
You can be a liquidity provider and 3-8% passive stage. You can even create your own liquidity pool. Most of the trading fees will be arranged among the pool members.
Unbeatable cost
On other DEXs, transactions often fail because the transaction fees are too low. However at Archimedes, it is very easy to manually change fees when placing an order. There is also a way of advice: platform advice will be the optimal cost at all times.
Pre-positive ECL buy orders
You can place a buy order for ECL / ETH even before the Eucledeum network community. It will be filled as soon as there is an order for ECL, in the first few days after it is positive. An early order is your chance to enter the market before the price starts to rise (like a pre-sale).
Ethereum Problem:
Ethereum got stuck and slow, and transaction fees shot up. Sometimes, as many as 100,000 transactions await at the pool. Instead of $ 0.05, users now have to pay $ 1.5 for each transfer. In a last ditch effort to reduce congestion, Ethereum miners are steadily reducing the gas limit per block. This makes it possible to reduce costs for a month or two, but then the gas limit must be raised again. Also, as the blocks got bigger and bigger, there were more uncle blocks that didn't receive gifts.
Clearly a Proof-of-Work consensus algorithm cannot support that scaling ecosystem. The only real solution is to switch to Proof-of-Stake, but it's constantly being delayed. Ethereum is at least one year away from enabling PoS. Meanwhile, costs will be higher and the network will continue to lag behind.
Solution to the problem:
The Euclideum team made the decision to exit the network as a PoS blockchain from the start to demonstrate that it works - and it doesn't take years for it to fail and fail. The expected payment capacity at the moment is around 100 tps, which is more than twice the current speed of Ethereum.
When positive, Euclideum already has several validator nodes running by the team. Users can immediately start staking and start their own nodes. To become a validator one only needs 30 ECL compared to 32 ETH on Ethereum. The expected annual profit from betting is 8-10%, with an initial yield of 6.5% (compared to 5.6% on Ethereum).
Each Ethereum holder will automatically get a large amount of ECL during the airdrop. If you have 10 ETH, for example, you can immediately get the 30 ECL needed and enjoy the rewards without an initial investment.
Why Euclideum?
With Euclideum, you can do a lot more. Claim your free ECL coins during the airdrop, earn ECL even with our bounty and referral campaigns, and bet to become a validator. Don't want to bother with nodes? No problem: delegate your ECL and the passive stage. Trade on ArchimeDEX, join the liquidity pool for a more passive reward, or submit your own dApp and support a development grant.
Q3 2020
On 27 August 2020, we will be taking a snapshot of the Ethereum network to determine how many ECL tokens each ETH address holder is entitled to. Starting August 28, 2020, we will start our epic airdrop of ECL ERC20 tokens. If you hold ETH, you are entitled to 100% FREE ECL coins at a 3: 1 ratio.
Q4 2020
After the airdrop is over and we run the first PoS node, After we launch the Euclideum blockchain in September, you will be able to exchange your ERC20 tokens for ECL coins. You can also launch your own node (requires 30 ECL share) and earn by PoS mining. Trading on ArchimeDEX will also start.
Q1 2021
It's time to introduce delegated PoS betting! Unlike Ethereum, which requires you to run your own node, Euclideum allows you to delegate your coins to other nodes and enjoy rewads. You can bet as much or as little as you like and earn up to 8% a year. At this point, we also have the first dApps and smart contracts running on Euclideum.
Q2 2021
In mid-2021, we will activate our dApp development fund - a special ECL reserve created to support blockchain projects that can bring real value to Euclideum. Dapp developers can submit blueprints or ready-made code and earn significant grants. We will also audit selected smart contracts for free. Meanwhile, we will work on sharding.
Q3 2021
By September 2021, we hope to have at least 10 decentralized applications running on the Euclideum blockchain, some of which are supported by our funds. We will also launch a public funding platform where users will be able to invest ECL in the best projects in a decentralized way (instead of risky and non-transparent IEOs).
Q4 2021
After nearly a year of testing, the Euclideum sharding protocol will be launched, taking transaction processing capacity from 100-150 tpx to 400 tpx or higher. Initially there will be 4 active fractions. Meanwhile, there should be between 30 and 50 dApps running on Euclideum, including DeFi, wallets, prediction markets, etc.
For more information regarding the Euclideum project, please visit the link below:
Website: https://euclideum.com
Whitepaper: https://euclideum.com/whitepaper.pdf
Telegram: https://t.me/euclideum_bounty
Twitter: https://twitter.com/euclideum
Facebook: https://facebook.com/euclideum
ANN: https://bitcointalk.org/index.php?topic=5266231
AUTHOR:
Username:Damkar58
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1925168
ETH Address: 0xFa468a5de2759AC15f1191d9A78240F2e7B137B0
