EagleCoin: During this decade, the use of blockchain technology has continued to spread around the world. More than one thousand cryptocurrencies and tokens have been released to date. Several applications of blockchain technology have been proposed and some of these have already been implemented. As a result, cryptocurrencies such as Bitcoin and Ethereum are gaining in mainstream acceptance. Security, low fees, and anonymity are among the reasons why people are drawn to this technology.
The expectation that cryptocurrencies will increase in value has attracted increased investment interest. Recently, between 2.9 million and 5.8 million unique users created cryptocurrency wallets, with the result that the market capitalization of all cryptocurrency has reached USD 25 billion in March 2017 (Hileman and Rauchs, 2017).
Blockchain technology: has proven to be a safe technology for transaction systems. Without the presence of a trusted party, decentralized systems tend to be cheaper, faster and secure. While the application of cryptocurrency as a payment medium has gained acceptance in many jurisdictions, it has yet to receive universal acceptance.
The three main challenges currently faced by cryptocurrency payment companies
- The difficulty of obtaining banking/ money transfer operator relationships;
- The high cost of regulatory compliance (Hileman and Rauchs, 2017).
- The user-unfriendly wallet, which is designed to deter unauthorized entry.
To overcome these Situation:
Users must type or copy a long randomized- private key., TEAM are developing EaglePay, a payment gateway system using blockchain technology that reduces the cost of transfer to banks, complies with the regulatory authorities of most jurisdictions, and presents a user-friendly interface.
PURPOSE:
To develop the EaglePay system through several discreet steps:
Creating EagleCoin, an ethereum token, that function as a digital asset.
Conducting an ICO of EagleShare, a 100% pre-mined token that represents the ownership of EaglePay Holding.
Releasing EaglePay
The relationship Between EagleCoin, EagleShare and EaglePay
A. EagleCoin
[i] EagleCoin is an ERC20 Ethereum token that functions as a digital asset.
[ii] EagleCoin investors will receive three benefits. First, they are eligible to receive a staking reward. Second, as EagleShare holders, they will receive an EagleShare token and dividend (dependent upon the performance of EaglePay Holding). Finally, investors will receive a profit if the value of EagleCoin increases.
B. EagleShare
[i] EagleShare is a 100% pre-mined token that runs in the Ethereum blockchain. The EagleShare ICO (the ICO) is planned subsequent to the completion of the EaglePay application prototype.
[ii] EagleShare represents the ownership of EaglePay Holding. Depending on whether the holding achieves net profitability, EagleShare holders will get a dividend. Not all of the net profit will be shared as dividends; a proportion of net profit will be withheld as retained earnings in order to grow the company.
C. EaglePay
[i] EaglePay is a payment gateway system based on blockchain technology. Third parties can access the gateway to meet their individual needs using EaglePay’s Application Programming Interface (API). Instead of using a centralized ledger, EaglePay uses a distributed ledger to record each transaction.
[ii]Transferring money can also be done without any third party; a user can transfer any amount of money to another user directly, and therefore, transfer process can be conducted in a low cost.
Distribution
When EagleCoin is released, 3,600,000 EAGLE (30% of maximum coin supply) will have been created initially. The amount of coin to be distributed at that time will be:
● Developer : 1,500,000 EAGLE
● Marketing and Others : 1.500,000 EAGLE
● Bounties and Air Drop : 600,000 EAGLE
More Information Connect to EagleCoin
Official Website: https://eaglepay.io/
Whitepaper Link: https://eaglepay.io/eagle-whitepaper/
Official Facebook Page: https://web.facebook.com/Eaglecoin/
Official Twitter: https://twitter.com/EagleCoinID
Official Telegram: https://t.me/eaglecoinworld
Authorized By:
Bitcointalk Username: bright4mech
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1298523
ETH wallet address: 0x6707A43E7c34E560828f2785Eb01A4b1327877C0