Hello everyone... Here I will inform you by writing a review to introduce a very unique new project called ESP COIN, so for that, have a look at the article I created below to give you a very good overview of the project, then What benefits do they provide to everyone? Let's go straight to the discussion below.
INTRODUCTION
In this age of globalization, time is of the essence for everyone. At this time that digital currency has been introduced to reduce transaction time. The cryptocurrency was originally known as a payment system that allows people to be able to make transactions very fast, without third parties, in a crystalline, secure, and faceless manner. With the accrual and development of the Crypto or blockchain ecosystem, several alternative investment opportunities have flourished, and have proven to be more efficient and profitable investment tools than traditional financial returns. Cryptocurrency is potentially the largest digital asset for investment. because it is user-friendly, secure, and allows to cut down steep transaction costs. It is the maximum thing in the financial market that has proven to be an interruption lifter in financial transactions worldwide. Leveraging blockchain technology, cryptocurrency has managed to set up a decentralized, transparent, and inaccessible accountable system.
What is ESP COIN ?
Welcome to ESP. The first reasonable question is what does ESP stand for? Education and Solar Projects. Though the roots of this project centred around Education and Solar Projects, there is more to the story, with a much deeper long term vision. At its heart, currencies are used for making payments. Here is really where our focus remains. ESP has multiple meanings. Education System Payments, Energy & Solar Programs, Electronic Supply-Chain Payments and others. This document will talk about how our vision will create an ecosystem that will support both closed and fully decentralized use cases. Each use case is highly focused where we feel our E$P token provides utility. Our goal is to enable these different use cases with frictionless payments that reduces the overhead of traditional methods in both time, cost and effort. We will not be just another one of those tokens. We look to have an extensive roadmap that leads to a native coin in the future supported by local exchanges for our targeted use cases as well as a more global approach supporting flows between multiple blockchains through provided swap gateways. This is a living breathing document. As we extend our vision and fine tune our execution strategy this document will be updated. We will be guided by the industry, requirements of the ever changing crypto landscape, new technologies & markets with our singular goal of providing utility and value.
The ESP ecosystem comprises of a ERC-20 style utility Token used in both open Decentralized apps and closed vertically oriented systems. The E$P token has planned specific use cases in Education, Energy & Solar as well as more general electronic payment platforms. ESP believes that having targeted, use specific tokens, focuses value and utility while fostering a like minded community ecosystem delivering meaningful results with their products and services and doing something that matters. The ESP project is just the beginning and not just a Token. With a long term vision and roadmap aimed to deliver value, convenience and comfort. ESP COIN focuses on innovation in Education, Renewable Energy and Decentralized Finance (DeFi). The origins of this project arose from a need in the Education and Solar Energy sectors that initiated the concept of individual ecosystems both of which required a Token Payment solution. Thus, the E$P Project has started. Join our vision and help make a difference in students’ lives, and help save our planet.
TOKEN ECONOMICS / TOKEN UTILITY
Our initial ERC-20 Token on Ethereum is E$P.
- Max Total Supply: 400 Billion Tokens
- Pre-public allocation: 50 Billion Tokens (Restricted)
- Max Total Supply After Burning: 50 Billion Tokens
Transaction Tax
A 1% Transaction tax will be charged for transfers directly programmed into the smart contract.
Allocation of the 1% is as follows
0.5% Will Be Directly Burned By Smart Contract until total max circulation reduces to 50 Billion Tokens 0.5% Will Be Redistributed across all account holders. Once max circulation reduces to 50 Billion, The entire 1% transaction tax will be allocated across all account holders. Exchange wallets will be excluded as well as wallets with more than 1 Billion E$P tokens.
Token Buy Back: Profit from active operations (return on capital) will be 90% allocated to purchase tokens in open circulation. Purchased Tokens will be immediately burnt and will not be available for recirculation until max circulation reduces to 50 Billion. All purchased Tokens in the Token Buy Back program will be fully listed on the website with transaction ID’s to validate removal from circulation. The Token Buy Back program will continue for the life of the project, once the max circulation reduces to 50 Billion Tokens, the Tokens will not longer be burnt and will be allocated to the project treasury
Seed Restrictions: Each initial pre-public seed purchaser will have a separate Smart Contract which will manage a minimum 90 day hold period for their Tokens. Additionally, the Smart Contract will only make available 20% of the seed purchase amount available for unrestricted trading per day to limit the potential impact of a seed purchaser liquidating their holdings and negatively impacting price and volatility. No one purchaser will be allocated more than 1.6% of the total circulation. Total seed allocation will be no more than 12.5% of the total Max Supply.
THE ERC20 TOKEN SMART CONTRACT
The E$P token will be a fully compliant ERC-20 token for the Ethereum blockchain compatible with its derivatives. Programmed in Solidity, code will be openly hosted on GitHub and certified. Additional features of the E$P token will be:
- 1% Transaction Tax
- Function Hooks for Chain Swapping
- Distribution Function (for .5% Transaction Tax)
- Minimum Max Supply Limit of 50 Billion E$P Tokens
- Blacklisting Of Token Redistribution For Wallets Greater than 1 Billion E$P Tokens
The Distribution Function will randomly select accounts to distribute the Transaction Tax for each transaction. The distribution account selector will have a statistic probability equal for all accounts. We have chosen this method to reduce the Ethereum Gas fees associated with writing excessive data to the blockchain. Accounts with a zero balance will be ineligible to receive the distribution award. This will be a coded function in the Smart contract. The token is programmed to be as lightweight as possible to avoid excessive Ethereum Gas fees. For this reason, separate smart contracts called the Seed Contract will be put in place to manage the pre-pubic sale of tokens.
Roadmap
June 2021:
- Launch of E$P Token
- Public Trading On One Exchange
- Continued Development of Education Platforms (T2E and Student Information Management System)
July 2021:
- Launch of E$P Token on Secondary Exchange
- Launch of E$P Token of Secondary Blockchain
- Chain Swapping Gateway Function on Website
- Initial Solar Project Launch
August 2021:
- Launch of POS Solution with Integrated Supply Chain Crypto Payments
- Private Trials of Student Information System
- Public Launch of T2E (Educational Content Delivery Platform)
- First Token Buy Back & Burn
September 2021:
- Add Additional Local Exchanges for E$P Token
- Initial Public Launch of SIMS at select Institutions
- Token Buy Back & Burn (Will Happen Monthly)
Q1 2022:
- Launch of Decentralized CDN
Q2 2022:
- Transition to Native E$P Coin
Contact Information
- WEBSITE: https://espcoin.io
- WHITEPAPER: https://espcoin.io/assets/ESP%20Project%20White%20Paper.pdf
- TELEGRAM: https://t.me/espcoin_news
- TWITTER: https://twitter.com/ESP_coin
- REDDIT: https://www.reddit.com/user/ESPcoin
- MEDIUM: https://esp-coin.medium.com/
- FACEBOOK: https://www.facebook.com/ESPcoin-110509951269169
- LINKEDIN: https://www.linkedin.com/company/74051545/admin/
Author: dey90
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=731808
Telegram username: @Adeprayoga
ETH Wallet: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a