[ANN] EQUAL - Blockchain Made Simple ✔👀👌

[Trofo]

As far as I am concerned, it is a very unclear project.
But ok, my main question:

If the total supply is forever in decline, then ultimately there is nothing left.

What do I not understand?

I don't know what is confusing you. Maximum fee/burn when doing transactions is 1%. Therefore, it is impossible to reach absolute 0. We can only start getting closer and closer to it after some large time amount.

[gefander]

I don't quite understand how it works, your token, you compare it with the Ethereum, and while writing about multi - platform- I don't want to say that I did not understand, but it's true - I do not understand. You can show in more detail and examples of how your token works, where it can be used?

[r74cplt]

As far as I am concerned, it is a very unclear project.
But ok, my main question:

If the total supply is forever in decline, then ultimately there is nothing left.

What do I not understand?

People who are hodling the coin for example aren't consuming any fees so their coins will always remain the same amount.

[JShade5]

If the token is self-deflationary with regards to its own price, what's the incentive to hold it?

It sounds like an attempt to create an artificial tether, unless I'm missing something.

[Trofo]

If the token is self-deflationary with regards to its own price, what's the incentive to hold it?

It sounds like an attempt to create an artificial tether, unless I'm missing something.

Equal is self deflationary in regard to number of equal tokens in existance. If market cap stays the same this means that price per token is growing all the time, thus rewarding hodlers.

[phuocduong]

favourite project, i'm holding EQL until 2$/ coin price

[parafmax]

I am following developments

[junforever]

Which exchanger is your next target to list the coin?

[Tolentum]

What's the difference between EQUAL https://ethplorer.io/address/0x47dd62d4d075dead71d0e00299fc56a2d747bebb and EQUAL Token https://ethplorer.io/address/0x5824f275dab2c59b8972a1fda45ff404c9a703e3 ?

Because I received both.

[dixon98]

0x5824f275dab2c59b8972a1fda45ff404c9a703e3  is obsolete. Please ignore.

The geninue contract address is 0x47dd62d4d075dead71d0e00299fc56a2d747bebb

What's the difference between EQUAL https://ethplorer.io/address/0x47dd62d4d075dead71d0e00299fc56a2d747bebb and EQUAL Token https://ethplorer.io/address/0x5824f275dab2c59b8972a1fda45ff404c9a703e3 ?

Because I received both.

[Trofo]

0x5824f275dab2c59b8972a1fda45ff404c9a703e3  is obsolete. Please ignore.

The geninue contract address is 0x47dd62d4d075dead71d0e00299fc56a2d747bebb

What's the difference between EQUAL https://ethplorer.io/address/0x47dd62d4d075dead71d0e00299fc56a2d747bebb and EQUAL Token https://ethplorer.io/address/0x5824f275dab2c59b8972a1fda45ff404c9a703e3 ?

Because I received both.

The team had technical dificulties with original token releted to exchange listings and decided to create a new token. They airdrop the new token to all holders of the old token. That is why you have both of them.

[dragonvslinux]

Ignoring all the doubters here, this token will moon it 

[Mettius81]

Hi all i ve in my wallet both EQL token, can someone tell me what i must do with the old token? I m seeing that the users are dumping it on ED.

[Trofo]

Hi all i ve in my wallet both EQL token, can someone tell me what i must do with the old token? I m seeing that the users are dumping it on ED.

Whatever you want. I have just let it stay on my wallet with other shit tokens. You can try to dump it to somebody on etherdelta but it isn't very nice thing to do and will probably not give you more than few cents.

[tatam]

Hi all i ve in my wallet both EQL token, can someone tell me what i must do with the old token? I m seeing that the users are dumping it on ED.

Whatever you want. I have just let it stay on my wallet with other shit tokens. You can try to dump it to somebody on etherdelta but it isn't very nice thing to do and will probably not give you more than few cents.

pls i want to hold this coin dose this coin have awindow wallet can it stake and i dont understand what u mean by it geting bunt will my coin reduce if i transfer it from one wallet to another pls some one shopuld put me through sorry if a i ask so much thanks

[Trofo]

pls i want to hold this coin dose this coin have awindow wallet can it stake and i dont understand what u mean by it geting bunt will my coin reduce if i transfer it from one wallet to another pls some one shopuld put me through sorry if a i ask so much thanks

There is no qt client or similar if that is what you are asking. For now you just use your ETH wallet for storing EQUAL token.

Every time you send EQUAL a small quantity is burned. EQUAL has a burn fee of 1% of your total transfer amount, with a max burn fee of 250 EQL.

The burn works in following way:
You have to have more tokens than you want to send. Example: If you want to send 100 EQUAL tokens you have to have 101 of them. 1 will be burned. If you want to send 30.000 EQUAL tokens you have to have 30.250 tokens and maximum burn fee will be applied effectively burning 250 tokens.

The idea behind burn process is that it will raise the value of tokens over time thus awarding hodlers.

[GoGone]

Nice to see that the Whitepaper is released, it looks solid and gives a clear description.
Hopefully the Deflation Through Burn will turn out to be a golden idea 

Do you guys any experience with that in practice? Or comparable projects which are succesfull?

[tatam]

pls i want to hold this coin dose this coin have awindow wallet can it stake and i dont understand what u mean by it geting bunt will my coin reduce if i transfer it from one wallet to another pls some one shopuld put me through sorry if a i ask so much thanks

There is no qt client or similar if that is what you are asking. For now you just use your ETH wallet for storing EQUAL token.

Every time you send EQUAL a small quantity is burned. EQUAL has a burn fee of 1% of your total transfer amount, with a max burn fee of 250 EQL.

The burn works in following way:
You have to have more tokens than you want to send. Example: If you want to send 100 EQUAL tokens you have to have 101 of them. 1 will be burned. If you want to send 30.000 EQUAL tokens you have to have 30.250 tokens and maximum burn fee will be applied effectively burning 250 tokens.

The idea behind burn process is that it will raise the value of tokens over time thus awarding hodlers.

waooo this is a wonderful idea and very uniqe this coin will moon thanks for ur explanation

[hammerhart]

holding a airdrop myself- started a bit as a disappointed to really be abale to join the aridrop but now it all looks promissing:) observing market when bottom is reached

[Mettius81]

I m also hold this token because i think we will see a huge increase in this value in the future. Some time happen nice airdrop like this.