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Author Topic: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza  (Read 144329 times)
Electra01 (OP)
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April 07, 2023, 08:58:16 AM
 #3401

Electra has entered its 6th year of operation today. The blockchain has worked without issue since the last update. Details regarding chain activity and transactions can be viewed in the block explorer shared in the OP. There are currently two exchanges, that I know of, that have Electra listed and both are shared in the OP. I wish all users a great 2023.
and you seem to be satisfied with this much , so strange.

The coin value is almost zero now, many of us have lost our funds to it but rest assured we wont allow more fools to join in just to give you an opportunity to dump your holdings and make more money out of it.

I have no holdings...

Well that is hard to believe but anything is possible in crypto,
In case you telling the truth it should be your attachment with the coin that reminds you of her after 6 long years.
I believe the Bonanza mining thing that you introduced to crypto is what killed ECA in the first place.
Even the offspring XEP couldn't survive the ill reputation that preceeded it.

Do you think that ECA can ever get a new life?
If so how and why? 


I think bonanza mining was a good decision. It gave the project a kick start and attention from the miner community. I would do it slightly differently if I did it again though.

The current build is better than previous iterations and Electra now has a unique POS which it did not have at the start. The current product is much better than it was when it had 200 million USD market cap.

There are some hurdles that need to be passed for such a market cap to be ever seen again. These are marketing and trade volume.

At this stage, a bridge to ETH, MATIC, SOL, AVAX etc. is needed so ECA can be part of DEFI. ECA liquidity pools need to be created that reward users with tokens from another coin to encourage large pools and volume.

But this alone will not work without marketing because if nobody knows about entry into DEFI and the rewards they will earn, that ECA’s POS is unique etc. then nobody will participate.

When Electra started there were about 400 active coins now there are 20k with some raising millions of USD. Competition is extremely fierce now and a million dollar budget along with a good marketing and coding team is mandatory for success. Maybe the fees earned from liquidity in the DEFI pools could pay a team's wages but there would need to be millions of dollars in the pool and huge volume to generate enough fees to cover their wages. And if wages are not covered, a project cannot be sustainable.

A more radical but cheaper solution could be to make a fork so that a user with 1,000 ECA would have their holding reduced to 1 ECA. So the total supply would be 30,000,000 instead of 30,000,000,000. Then create another 30,000,000 coins, give them to a centralized exchange and let them do an IEO and make a deal for them to keep all earnings from the sale in exchange for a listing, marketing and maintenance. They would need USD payment on top of a 50% share to consider it though. Considering the recent example of low budget coin DegenReborn getting a launch on Bitget, the initial USD required is sometimes quite reasonable.


Zuhaib95
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April 09, 2023, 12:22:44 AM
 #3402

Electra has entered its 6th year of operation today. The blockchain has worked without issue since the last update. Details regarding chain activity and transactions can be viewed in the block explorer shared in the OP. There are currently two exchanges, that I know of, that have Electra listed and both are shared in the OP. I wish all users a great 2023.
and you seem to be satisfied with this much , so strange.

The coin value is almost zero now, many of us have lost our funds to it but rest assured we wont allow more fools to join in just to give you an opportunity to dump your holdings and make more money out of it.

I have no holdings...

Well that is hard to believe but anything is possible in crypto,
In case you telling the truth it should be your attachment with the coin that reminds you of her after 6 long years.
I believe the Bonanza mining thing that you introduced to crypto is what killed ECA in the first place.
Even the offspring XEP couldn't survive the ill reputation that preceeded it.

Do you think that ECA can ever get a new life?
If so how and why? 


I think bonanza mining was a good decision. It gave the project a kick start and attention from the miner community. I would do it slightly differently if I did it again though.

The current build is better than previous iterations and Electra now has a unique POS which it did not have at the start. The current product is much better than it was when it had 200 million USD market cap.

There are some hurdles that need to be passed for such a market cap to be ever seen again. These are marketing and trade volume.

At this stage, a bridge to ETH, MATIC, SOL, AVAX etc. is needed so ECA can be part of DEFI. ECA liquidity pools need to be created that reward users with tokens from another coin to encourage large pools and volume.

But this alone will not work without marketing because if nobody knows about entry into DEFI and the rewards they will earn, that ECA’s POS is unique etc. then nobody will participate.

When Electra started there were about 400 active coins now there are 20k with some raising millions of USD. Competition is extremely fierce now and a million dollar budget along with a good marketing and coding team is mandatory for success. Maybe the fees earned from liquidity in the DEFI pools could pay a team's wages but there would need to be millions of dollars in the pool and huge volume to generate enough fees to cover their wages. And if wages are not covered, a project cannot be sustainable.

A more radical but cheaper solution could be to make a fork so that a user with 1,000 ECA would have their holding reduced to 1 ECA. So the total supply would be 30,000,000 instead of 30,000,000,000. Then create another 30,000,000 coins, give them to a centralized exchange and let them do an IEO and make a deal for them to keep all earnings from the sale in exchange for a listing, marketing and maintenance. They would need USD payment on top of a 50% share to consider it though. Considering the recent example of low budget coin DegenReborn getting a launch on Bitget, the initial USD required is sometimes quite reasonable.


 What was once alive and kicking and is DEAD now cant be resurrected, it is easier to create a new coin instead and that wont carry the burden of alleged fraud and misappropriation , let us bid farewell to Electra and let the blockchain be halted for good.
Electra01 (OP)
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April 09, 2023, 01:04:25 AM
 #3403


 What was once alive and kicking and is DEAD now cant be resurrected, it is easier to create a new coin instead and that wont carry the burden of alleged fraud and misappropriation , let us bid farewell to Electra and let the blockchain be halted for good.

There is no fraud or misappropriation by me you can be sure of that. I never took anyone's money or ordered anyone to buy or sell. All activity on my part has been legal. Luckily, the blockchain cannot be terminated on your orders but when the users stop staking it. Now please move on to one of the other 20,000 coins if you do not like this one.
akhand001
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November 02, 2023, 02:58:04 PM
 #3404

Please make is clear ECA is died totally, end?
flowjob
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December 14, 2023, 12:34:17 AM
 #3405

Please add ECA to https://chainz.cryptoid.info
The current explorer is 30 days behind.

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Electra01 (OP)
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February 24, 2024, 10:32:15 PM
 #3406

I have spoken with the people hosting the block explorer and it is catching up. They paused our block explorer while they were updating their system. If anyone out there has a synced wallet would be appreciated if they can turn it on for a couple of days.
flowjob
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February 25, 2024, 07:26:51 PM
 #3407

I have spoken with the people hosting the block explorer and it is catching up. They paused our block explorer while they were updating their system. If anyone out there has a synced wallet would be appreciated if they can turn it on for a couple of days.

which explorer do you mean? the one on https://eca.ccore.online ?
anyway, here are 3 nodes you can add to your addnode param:
electrum1.cipig.net
electrum2.cipig.net
electrum3.cipig.net

all are on height 2488146, just like https://eca.ccore.online, which is 40 days ago, so chain is not advancing atm

◈▣ KOMODO ● Set Your Ideas Free ▣◈
.......AN ECOSYSTEM FOR NATIVE BLOCKCHAINS.......
Blockchain Generator | Decentralized Crowdfunding | Decentralized Exchange | Bitcoin Security | Zero-Knowledge Proofs | Blockchain Interoperability | Scalable Infrastructure
Electra01 (OP)
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February 29, 2024, 06:19:19 PM
 #3408

I have spoken with the people hosting the block explorer and it is catching up. They paused our block explorer while they were updating their system. If anyone out there has a synced wallet would be appreciated if they can turn it on for a couple of days.

which explorer do you mean? the one on https://eca.ccore.online ?
anyway, here are 3 nodes you can add to your addnode param:
electrum1.cipig.net
electrum2.cipig.net
electrum3.cipig.net

all are on height 2488146, just like https://eca.ccore.online, which is 40 days ago, so chain is not advancing atm

Yes ccore. Thanks added them. Connections are fine. We just need someone with a synced wallet to come online.
flowjob
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February 29, 2024, 07:37:59 PM
 #3409

Yes ccore. Thanks added them. Connections are fine. We just need someone with a synced wallet to come online.

It's all synced. What we need is someone who is staking, to produce new blocks.

◈▣ KOMODO ● Set Your Ideas Free ▣◈
.......AN ECOSYSTEM FOR NATIVE BLOCKCHAINS.......
Blockchain Generator | Decentralized Crowdfunding | Decentralized Exchange | Bitcoin Security | Zero-Knowledge Proofs | Blockchain Interoperability | Scalable Infrastructure
GoodHabit
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March 08, 2024, 09:01:03 PM
 #3410

Yes ccore. Thanks added them. Connections are fine. We just need someone with a synced wallet to come online.

It's all synced. What we need is someone who is staking, to produce new blocks.

And thats probably impossible - because everyone who restarts his wallet - even if he has coins, will receive the message "wallet not synced" - because the software is not expecting no blocks for 50 days or more....

So, to "restart" the chain, there would probably to be a fork - an  update that would just ignore the extreme gap between blocks -  but this would create the risk of frequent forks (if everyone who can't find someone with a recent block can just create his own, and the number of stakers is very low, this will soon result in several paralell chains...)
mrquackquack
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July 07, 2024, 06:45:44 AM
 #3411

Was there a swap from eca to eca protocol?
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