Hi JoePhoenix,

We are assessing two issues currently before moving ahead with the main airdrop -

1) Until we can find a way to verify each person's individuality whilst respecting their privacy, we do not wish to succumb to the same fate of most other "eTokens" whereby the airdrop is allocated to a small number of users with hundreds of accounts each. This will lead to market flooding and centralization of token holders which we do not want. We will devise a solution to ensure a fair airdrop before proceeding.

2) Given the recent limitations in the Ethereum network as evidenced by the cryptokitty project, with transactions often failing to go through, we are planning to redesign our airdrop Smart Contract. We are searching for a new experienced Smart Contract developer. A bounty for this is allocated on the front page of this thread.

Since this is aimed to be a community project (we have no ICO and no fundraising) we would greatly appreciate anyone who would like to assist in recruiting an experienced Smart Contract developer. A 30,000 EEC bounty is available for the recruiter.

Airdrop campaign temporarily suspended after 260/500 drops. Please see https://bitcointalk.org/index.php?topic=2468558.0 for the explanation. No further airdrops will be fulfilled at this time until we come up with a system to ensure our tokens are distributed to unique individuals, and not alts.

We recently launched the new eEthereum Classic (EEC) token on the main Ethereum network, and began a public airdrop. Since we carefully examined each ETH address to avoid people using alts to sign-up for the same airdrop, we made a startling discovery. The majority of airdrops for nearly all tokens are centralized to only a few forum members with 100+ Alt accounts each. Upon further investigation of all of our PMs here, we were able to link hundreds of accounts to individual members. We will not disclose the details of these accounts here unless requested by a forum administrator or moderator, as we believe this practice isn't technically against forum rules.

We dug further to look at the airdrop distribution of other coins, and found that most of their airdrops were inadvertently centralized to just a few members. One such altcoin is here: https://etherscan.io/address/0xc19975f6edc9421060397264f1fa27634eb7dc80 - As you can see the member created many alts centralized to one account which then traded on EtherDelta. This member also sent us many PMs from unique accounts with unique ETH addresses to try to claim our EEC token. Fortunately we avoided most of them in time. We examined token distribution from airdrops from other projects and found they were not so lucky however. The greatest victims were projects that used automated distribution methods that weren't manually checked. Even mass facebook and twitter account alts can be spam-created.

Whilst we believe we have made token distributions to a number of unique individuals, the risk of centralizing airdrops to only a few owners is too great, so we have suspended our airdrop campaign for now and encourage other projects to do the same until this problem is somehow addressed, or each airdropped member is manually, individually verified. We are willing to privately disclose the list of alts we found to a trusted member if they have the power to leave negative red feedback, so we can assist other teams in preventing themselves from accidentally airdropping to some of these individuals.

This practice is most likely the explanation for the coordinated "pump and dumps" commonly observed in most airdropped ERC-20 tokens that believe in the No-ICO philosophy. Rather than coming from a private group, they seem to come from a single individual or two, since airdrops are not widely distributed among unique individuals as most project teams believe they are. Unfortunately some unscrupulous individuals take advantage of the kindness of tokens that refuse to accept crowdfunding.

Again, we urge all other Non-ICO/Airdrop projects to double-check the token transfer history of their airdropped tokens and manually verify each member, as we can see the majority of new ERC-20 airdropped tokens have been compromised by a few individuals, even some famous and big tokens. We were surprised to see how common this practice is and the obvious market manipulation it leads to.

Kindly note initial supply is 140,000,000 and final supply is aimed to be just under 100,000,000 after burning.


Since Ethereum Classic is a separate blockchain, if ever it loses miner support it may quickly lose its relevancy. We fear this may be an inevitable fate due to the high capital injection by large corporates and fundraising on the main Ethereum blockchain, even though the Ethereum Classic project has a better core philosophy of decentralization and immutability. The goal with our project is to keep the spirit of Etherum Classic alive on the main Ethereum blockchain, despite whatever the future may hold. Our token is to represent a store of value that is immutable, fairly distributed, and most importantly based on the original Ethereum principles. To our knowledge there is no other such token that does this on the main Ethereum network.


Thank you everyone for the kind words of support, we will do our best to serve you our token holders. This coin will not ever go through an ICO or fundraising, instead we will rely on donations which won't be convertible to any token or monetary benefit. We aim to keep this project fair and the public airdrop equal and open to everyone, so that the token may always represent a truly fair store of value.

Please kindly note to send your ETH address only in PM, as it is against the forum rules to post these in the thread, and we have not requested it. Please ensure instructions have been followed correctly. Thank you.

You're most welcome phexchanger, and thank you. The translation and other bounties will be announced in the future in the official announcement.

Dear all,

We are thrilled with the interest this project has received! We've already begun the airdrops, however please allow up to 3 days to receive your airdrop as we verify each member in the queue is eligible. All future announcements relating to the airdrop, and instructions to complete in the case you did not receive your airdrop, will be posted in the Announcements section of our Discord channel (https://discord.gg/qjADACt).

If you have not yet submitted your airdrop application via PM yet then you may still do so. 124/500 airdrop applications have been submitted so far.

Note: We are seeking an experienced Smart Contract developer to join our dev team as a permanent member. 30,000 EEC payment after project launch with 1 year vesting payment between 125,000 - 250,000 EEC depending upon contribution and activity. If you can recruit/refer an applicant that is chosen to join our team, we will pay the recruiter a 10,000 EEC bounty. PM us on discord regarding this position: https://discord.gg/qjADACt (note: all tokens are paid from the 7% dev fund, not from airdrop or other project funds).

Update: All future announcements to be made either here or on our discord Announcements channel.

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eEthereum Classic (eEC) aims to be the digitized ERC-20 token version of Ethereum Classic available on the main Ethereum (ETH) network. We believe in the core principles of immutability and decentralization that the Ethereum Classic project espouses, however we also realize that the main Ethereum network has succeeded with its hard fork as is evidenced by the heavy investment of billions of dollars in ICOs on the platform. We therefore wish to keep the spirit of Ethereum Classic alive, permanently on the Ethereum blockchain, despite whatever fate may eventually befall the Ethereum Classic project. We will achieve this goal by keeping our maximum supply under the current Ethereum Classic total circulating supply after all airdrops and burns are complete.

The initial total token supply is 140,000,000 (well below the ETC hard cap of 210,000,000). In addition, supply will be further reduced when tokens unclaimed by ETC holders will be burnt until final total supply is under 100,000,000.

EEC Token Distribution -
71.5% -> Airdropped to claiming Ethereum Classic wallets at a 1:1 rate of the ETC balance of the claimant (coming soon)
Unclaimed Tokens from the above 71.5% ETC airdrop -> 60% Burnt. Remaining 40% allocated in main public airdrops and burnt until supply is under 100,000,000. Excess tokens to go through additional airdrops.
10% -> EEC Foundation. Independent organization covering marketing, general vision, project direction, giveaways, future airdrops, recruitment, long term management. Managers will be unaffiliated with dev team and voted in by the community.
7% -> Dev Team
5% -> Early Bird Pre-Launch Public Airdrops (ETC balance not required)
3% -> Expenses
2.5% -> Bounty Campaign
1% -> Reserved

To avoid confusion, this token is based on the main ETH (Ethereum) blockchain, not the ETC (Ethereum Classic) blockchain.

Team Recruitment -
We are looking for a Smart Contract developer, web designer and a respected community member experienced in prior campaigns to be our Bounty Campaign manager. Please PM us either here or on Discord with your qualifications if interested.

EARLYBIRD AIRDROP
5% Earlybird Airdrop Purse: 0.4% of 5% distributed in Round 1 drop (now finished). Next round and remaining 4.6% (~6,400,000 EEC) to be distributed during the 71.5% EEC:ETC 1:1 Drop, where both drops will occur at the same time. This is the main airdrop and will be released in conjunction with the bounty campaign, website and roadmap. Exact date this is to occur will be announced in the future. Minor announcements to be made on our Discord.

TOKEN CONTRACT DETAILS -
Contract: 0x6bd32bd5269858d81564bedc3a46d5ad45bfa0d5
Symbol: EEC
Decimals: 18

Roadmap, website, logo, exchange plan, main airdrops to all be issued in a later announcement.