The EMJAC platform is based on the EMJAC token(EMJ) which is an ERC20 compliant token. This is most blockchain platforms are used for all trading activities. These are trading, settlement of contracts and leverage. Token holders can act like traders on the platform.
UNIQUENESS OF EMJAC
EMJAC will operate on ethereum blockchain and will implement smart contracts to facilitate contract execution thus decreasing the need for intermediaries or unaffordable back-office operations. This consequently will result in an efficient platform which will offer fees that are significantly lower compared to modern centralized commodities exchanges. As a result, trading will be profitable a whole lot to all participants on the EMJAC platform.
On the other hand, EMJAC will not record non-trade related data on ethereum blockchain considering speed and cost. They will, however, be recorded on a delegated proof of stake chain that is separate. To adapt with the achievement time of transactions on ethereum, transactions will not be matched in real-time, instead, EJAC will introduce a periodic settlement of orders which will take place after every five minutes.
EMJAC uses Digital Ledger Technology (DLT), a distributed ledger made up of unchangeable, digitally recorded data in packages called blocks. These blocks of data are stored in a linear chain. Each block in the chain is cryptographically encoded with information from the block preceding it, ensuring that all data in the chain is immutable.
EMJAC TOKENISATION RATIONALE.
To promote waste tires recycling and environmental conservation, EMJAC boldly assumes that majority of the token holders are involved in the generation of waste tires either directly or indirectly and are either individuals or business entities. Through TRU and blockchain technology, token holders will be able to comprehend, track and trace movements of waste tires to the thermal recovery plants around the world and the subsequent recycled products.
Token holders will be able to trade on the supply and demand of waste tires in each country, shipping quotes and buying and selling the recycled products of synthetic diesel, refined black and steel wires on a global marketplace.
EMJAC’s success will allow higher penetration of waste tire recycling and transparency to producers and authorities reducing illegal dumping of waste tires.
Emjac Team.
CONCLUSION.
The TRU process produces four valuable products that are traded commodities in the global market place. They are:
Synthetic diesel is the main product from the process with a percentage of 45. Its normally used as a substitute for furnace fire or industrial diesel.
Refined carbon black. About 35 percent is produced and is used to make tires, chemical strengthener in rubber and pigment in printer toners. Its a low-cost alternative to virgin carbon black from the petroleum industry.
Steel wire which is sold back to the steelmaking industry
EMJAC is indeed the road to a greener earth!
Official resources of the project EMJAC:
WEBSITE: https://www.emjac.io
TELEGRAM: https://t.me/emjac_emjtoken
WHITEPAPER: https://www.emjac.io/assets/emjac_wp.pdf
BOUNTY THREAD: https://bitcointalk.org/index.php?topic=5165073.0
ANN THREAD:https://bitcointalk.org/index.php?topic=4916897.0
FACEBOOK: https://www.fb.me/EMJToken
TWITTER: https://twitter.com/emjac_emj
LINKEDIN: https://www.linkedin.com/company/emjac/
INSTAGRAM: https://www.instagram.com/e_mjac/
YOUTUBE: https://www.youtube.com/channel/UCphTRuVw6PP8UluwjhSHU_A/featured
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to EMJAC OFFICIAL WEBSITE
