[ANN] Vitalik Buterin's Search for a Stable Coin is Over! Introducing Emmetropia

[Emmetropia3]

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WEBSITE EXCHANGE CHAT ANNOUNCEMENT FACEBOOK TWITTER WHITEPAPER



A Realistic Scenario

Imagine, you were selling 10,000 Altcoins for .0005 BTC so that’s 5 BTC.
At the current price of BTC ($12,000) that’s $60,000.
And you were not able to go online for 12-24 hrs for some reasons.
The value of BTC dipped to $9,500 and you didn’t know it.
Naturally, your $60,000 will drop to $47,500. You just lost $12,500 in just 24 hrs.
We can say that Bitcoin and Ethereum are behaving more like assets rather than currencies.
This is the problem that Emmetropia wants to solve.



What is Emmetropia?

Emmetropia is a Waves-based token intended to be the ultimate storage of value.
By keeping the price steady, Emmetropia can reach that goal.

Emmetropia is a token born from my imagination as I watched the crypto world.
I started trading, so I bought a partial Bitcoin. I had a hard time buying the Altcoin I want so I was delayed.
But then, Bitcoin’s price fell down so I was able to buy less of the Altcoin I want just because I got delayed.
And, no, the Altcoin’s price didn’t move that much.

I asked myself, “What if instead of using Bitcoin or Ethereum, we can buy Altcoins using real money like the US Dollar?”
But I answered my own question after a few seconds.
In the online world, if you want to buy something using USD, you will have to use Paypal or credit cards.
And applying that in the world of crypto currencies defeats the purpose of decentralization.
Plus, the fact that they can always file disputes with Paypal or their banks to get their funds back.
(Update: Recently, Bank of America announced banning buying cryptocurrencies using their BoA credit cards.
And it was not the first bank to do so nor will be the last. More banks will follow.
They are threatened by cryptocurrencies and they want to destroy it.)



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Coin Specifications

Identifier: FE9v5JSFZoHT47FFvAgQtDf1fDsj4QTGRnrJk56hk1rM
Max Supply: 160,000,000
Platform: Waves
Mineable: Yes
Re-issuable: No
Symbol: EMM
Decimals: 8



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Wallet
We will have at least two types of wallet.
One will be a lite wallet for Android phones and iPhones.
Another version will be for desktop users. It will have a few features like a live exchange rate of various Altcoins being traded on our exchanger.
It will be similar to the Waves Beta wallet - wallet and exchanger in one.  
Initially, we will support EMM and all ERC20 tokens.
Goal is to add other currencies like BTC, NEBL, ADA and other coins with their own blockchains.

Something we might consider in the future is a wallet with the ultimate security available to mankind with some extra features.
We don’t have the details yet. We'll focus on this once Emmetropia is stable enough.



Q&A
This section will be created later as we answer some of the most popular questions from you guys.



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For our Pre-ICO and ICO, we will only be accepting Ethereum.
We will fix the price of Ethereum at $1000 each.



Pre-ICO
Pre-ICO will start after distribution of Airdrop #1.
3,000,000 coins will be available for Pre-ICO.

Each token will be 0.0003 Eth.
No minimum and no maximum number of tokens will be set.
You can buy as much or as few as you want.



ICO

There will be 4 Rounds of ICO.  
3,000,000 EMMs per round for a total of 12,000,000 tokens.

Day 1 - 0.0004 Eth
Day 2 - 0.0005 Eth
Day 3 - 0.0007 Eth
Day 4 - 0.0008 Eth



Airdrop

Airdrop will be distributed after ICO distribution is completed.
We might have 1 or more rounds of airdrop.
We don’t know for sure. But 12,500,000 coins have been allocated for Airdrop.

We are going to have 2 Types of Airdrop - the Public Airdrop and the Private Airdrop.

The Public Airdrop is available for everyone. Public Airdrop #2.1 will immediately start as soon as whitepaper is completed.
We will post details here or announce it in the Telegram Channel so make sure you are in the channel.
The Private Airdrop is available only to those who hold at least 500 EMMs.
We are still working on the number of EMMs to be deployed to holders' wallets.

Details will be available on this Airdrop Thread.



Bounty
We won’t have a bounty program. We have a small team of only 4 people.
We cannot run and monitor a bounty program.
Airdrop alone is already an extremely daunting task.

The first time we launched this project, we thought we can make it a success without running a bounty campaign.
But we were wrong. We will soon post a bounty section. We are still working on the details.

Check our Bounty Thread.





Donation
We don’t ask for donations in exchange of some tokens. That is what garbage ERC20 tokens usually do. We are not them so we won’t.



Why Waves?

We are still busy writing codes for our exchanger so we cannot write codes for a new token. Soon we will launch our own blockchain.
ERC20 was also considered, but with the recent surge of the price of Ethereum, and Cryptokitties, we decided to go with Waves Platform.
We will replace your existing EMM (Waves Platform) with the new EMM once our blockchain is up and running. Stay tuned for updates.



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The Road to Top10

Our target price is $12 by March of 2018. We will lock the price at $12.
How? We will all buy and sell at $12.
Do not sell below $12, do not buy above $12.
We know not everyone will follow the rule so here is what we are going to do.

Admins will place a sell order of 100,000 Tokens at $12.
At the same time we will place a buy order of 80,000 Tokens at $11.90.
(Figures are not actual, only for illustration purposes.)
*Due to the laws of Mathematics, our buy price will always be lower than our sell price.

People can still earn money trading EMM, but those who will earn the most will be the hoarders.
Our goal is not to increase the price to thousands of dollars (at least not yet), rather we are here to provide a solid and stable cryptocurrency people can use.
Once we are ready to take the next big step i.e. increase the value of EMM, we will remove our buy and sell orders and let the market decide.  
When we feel like the price has reached its peak, then we will be able to set our fixed buy and sell prices again.
Remember, we are here to be the most stable cryptocurrency to be used as a medium and not as an asset.



Mining

We will implement a Proof of Stake mining after the exchanger and wallet is up.
For the meantime, just hold on to your EMMs and you will be rewarded for doing so.
Does 10% a month sound fair enough?

It will be a manual rewarding until the wallet is launched.




Sections to be Added Later


F.A.Q.s
EDEN
Private Airdrop
CoinBurn
Team



WEBSITE EXCHANGE CHAT ANNOUNCEMENT FACEBOOK TWITTER WHITEPAPER



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[deanerific]

I found a real CryptoCurrency.

It's called Bitcoin.

What does this Waves token have to offer beyond Bitcoin?

[Emmetropia3]

I found a real CryptoCurrency.

It's called Bitcoin.

What does this Waves token have to offer beyond Bitcoin?

Bitcoin is no longer a currency. It is now an asset. People just want Bitcoin because it can make them money.
Bitcoin is the first cryptocurrency. Which means it is a prototype.

More on this when we release the whitepaper in a week or two.

[dali2118]

This is a brilliant project and I want to see it succeed. Hopefully we are able to get enlisted in more than one Exchange.
good luck dev

[Coin_trader]

Your project is very ambitious and i can say it's like an impossible dream, but i knew that everything is possible especially nowadays. But still, in my humble opinion, your choice of platform is wrong, for you choose the waves platform which is not a great platform and being in this field since 2014, i never saw a waves token that made marks on this field, everything created on that platform is a flop except the waves itself.

[Twinkledoe]

I found a real CryptoCurrency.

It's called Bitcoin.

What does this Waves token have to offer beyond Bitcoin?

Bitcoin is no longer a currency. It is now an asset. People just want Bitcoin because it can make them money.
Bitcoin is the first cryptocurrency. Which means it is a prototype.

More on this when we release the whitepaper in a week or two.

Is it another thread? I thought I already saw the same project. I'm curious what kind of blockchain are you going to develop for your own.

[Emmetropia3]

I found a real CryptoCurrency.

It's called Bitcoin.

What does this Waves token have to offer beyond Bitcoin?

Bitcoin is no longer a currency. It is now an asset. People just want Bitcoin because it can make them money.
Bitcoin is the first cryptocurrency. Which means it is a prototype.

More on this when we release the whitepaper in a week or two.

Is it another thread? I thought I already saw the same project. I'm curious what kind of blockchain are you going to develop for your own.

I am currently working on that. (Not on the blockchain, but on the announcement.) It's extremely difficult for me to think of an analogy to explain how our Blockchain 2.0 will work wihtout giving out some technical details. But we will announce everything once we have it patented. And I also noticed that the TEAM section of the original ANN is not included in my backup copy of the ANN.

Your project is very ambitious and i can say it's like an impossible dream, but i knew that everything is possible especially nowadays. But still, in my humble opinion, your choice of platform is wrong, for you choose the waves platform which is not a great platform and being in this field since 2014, i never saw a waves token that made marks on this field, everything created on that platform is a flop except the waves itself.

We wont stay in the Waves platform forever. We are going to be Waves-tenant until we completed the Blockchain 2.0. But then I decided to announce this project before somebody "comes up" with my idea.

[Drop99]

Smart idea . You can succeed

[abonarea]

Your project looks interesting though I didn't dig in deep to read more but which provoked me to let my expression is the title of the thread. What do you mean that all others cryptocoins of billions dollars valuation are not real ? You chose some kind of tricky words to promote and market the project.

[tommy.investcoins]

waves is a highly promising platform to look into & make investment.
I have invested into waves & thus have special interests to other tokens & projects under this platform.
look forward to your updated progress.
Good luck

[Emmetropia3]

Your project looks interesting though I didn't dig in deep to read more but which provoked me to let my expression is the title of the thread. What do you mean that all others cryptocoins of billions dollars valuation are not real ? You chose some kind of tricky words to promote and market the project.

Somehow, yes.

They are not currencies anymore. They became assets. Emmetropia will be different. We will behave like an asset in the 1st year or 2, but after that we will become the realization of what Bitcoin was originally intended for.
A replacement to the fiat monetary system.

[errol94]

Shame that the thread was taken down. I even set my profile pic to Emmetropia because I like the idea although no one knows what it is. Will participate. I think steady but slow growth is good for Emmetropia but I understand it needs to be compared to the USD. I think Emmetropia will attract people who prefer comfort and less volatility even though Bitcoin is rising rapidly.

[thienytcc88]

Thank for this promising project. But I really worry about your vision "Be the only cryptocurrency people can HODL in their wallets without fearing its value dipping". In my opinion, the only currency not fear dipping is Bitcoin. Lol

[Emmetropia3]

Shame that the thread was taken down. I even set my profile pic to Emmetropia because I like the idea although no one knows what it is. Will participate. I think steady but slow growth is good for Emmetropia but I understand it needs to be compared to the USD. I think Emmetropia will attract people who prefer comfort and less volatility even though Bitcoin is rising rapidly.

Time will come when all 160M Coins are circulating in the market. At that point, we won't be able to add more coins into the system. The only option left is to increase the value of EMM to accomodate the lack of supply and high demand.

[Mark13]

Being realistic is the most important thing. You said ethereum and Bitcoin is more an asset now maybe because on how their value was played on the market. How will you make Emmertopia a better crypto as a Wave asset. I like your vision but also be specific on your platform. If community will think you have strong and realistic platform and purpose then Emmertopia will be successfull.

[OluwaTosin10]

I believe if Walmart and McDonald’s can grant it as payment method
Obedience and maintenance of the 10$ buy/ sell

It will be a huge success
Will stay updated!

[Emmetropia3]

Being realistic is the most important thing. You said ethereum and Bitcoin is more an asset now maybe because on how their value was played on the market. How will you make Emmertopia a better crypto as a Wave asset. I like your vision but also be specific on your platform. If community will think you have strong and realistic platform and purpose then Emmertopia will be successfull.

We are not trying to be better, but we are trying to take a spot among the Top10 cryptos.

This thread was a draft of the original thread. After posting the original thread, I revised it, and added a few sections.
Your questions might have been answered in the original thread.

Don't worry I am working on the whitepaper now.

[ecfel]

I believe its true that the crypto right now are behaving like assets rather than currency. this project has entirely new concept and doing some exploration, and we need more project like that. I wish all the best for this project.

[safo33]

You have a paradoxical and very interesting concept. stable crypto currency - it looks very unexpected, but at the same time it is extremely necessary, at first glance. but will not your ideas become the beginning of the end of the crypto era? further excessive formalization can emasculate the idea of freedom and turn coin into another kind of Fiat. I think about your ideas, I try to figure it out, until I realized that not all. good luck to the team

[adamant.im]

The best best of the best crpto?