A Fully Decentralized Ethereum Token Exchange
The World's First Decentralized Exchange With A Solution For Gas-Free Trading
About ETHERCToken(EET)ETHERCToken is an exchange-backed ERC20 Ethereum token officially issued by ETHERC decentralized exchange.
ETHERCToken Specifications- Name: ETHERCToken
- Symbol: EET
- Decimals: 18
- Circulating Supply: 150 Million (After Airdrop)
- Maximum Supply: 1000 Million
- Address: 0x0deecb13f4e801bdbf2721875756d44b207ca580 (ENS: etherctoken.eth)
EET DistributionUnlike other projects, there won't be an ICO, but we will distribute most of the tokens to our community and our traders via airdrop, bounties, etc. It is worth mentioning that 50% of the total ETHERCToken token supply will be initially dedicated to the "Token-Based Fee Reimbursement & Reward System".
In order to maintain the price of EET:- 1.We will take out 30% of our revenues in each quarter to buy back tokens and burn them.
- 2.We will adjust the fee reimbursement ratio in our "Token-Based Fee Reimbursement & Reward System" according to the market price of EET frequently.
- 3.We also plan to create more services/apps which can be paid by EET. More details will be published in the near future.
- 4.We does not currently charge a fee for listing a token on our Exchange, but we plan to charge an appropriate fee for listing in 2019. By then, we only accept EET as the payment.
- 5.More measures will be taken later to maintain the price of EET...
EET Public SaleWe’re excited to announce that ETHERCToken Public Sale will start at
15:00(UTC) on May 18th,2018 and end at
15:00(UTC) on May 25th,2018.
5% of the total ETHERCToken token supply which was initially dedicated to “Development” will be sold on our exchange. So that we could have enough funds to cover the cost of our development.
Unlike other ICO projects, we are only preparing to sell very few tokens. And our exchange has already been released, everything is ready now. So this is the only opportunity for public to buy EET tokens at a relatively low price.
- Ratio: 1ETH = 30,000 EET (200% Bouns) Supply: 3,000,000 EET
- Ratio: 1ETH = 25,000 EET (150% Bouns) Supply: 5,000,000 EET
- Ratio: 1ETH = 20,000 EET (100% Bouns) Supply: 8,000,000 EET
- Ratio: 1ETH = 15,000 EET (50% Bouns) Supply: 15,000,000 EET
- Ratio: 1ETH = 12,500 EET (25% Bouns) Supply: 19,000,000 EET
How to participate?Since our exchange has already been released, so our public sale will be hold on our own exchange. When the public sale start, we will place separate sell orders at different prices on the exchange. It’s based on First-come-first-served basis, once low-priced orders are all traded, you can only choose to purchase higher-priced orders.
The link of EET Market on ETHERC:
https://etherc.io/#EET-ETHEET Round #1 AirdropThe First Round Airdrop of ETHERCToken is Live Now! You can join our airdrop via Telegram Bot here:
https://t.me/ethercbot. All you need to do is join our Telegram Group and Follow us on Twitter. It's very easy and almost unconditional.
1) How to participate?- 1. Start a new chat with our telegram airdrop bot: https://t.me/ethercbot
- 2. Join ETHERC Official Telegram Group @ETHERC_Official
- 3. To stay updated about our exchange and soon coming Bounty Program, please follow us on Twitter here @etherc_io
- 4. (OPTIONAL) Retweet our Pinned Post here @etherc_io (This an optional step, you can get extra 20EET by re-tweeting our post.)
- 5. Submit your Email, Ethereum address, Twitter Username to our telegram airdrop bot. Then you will get 80 EET(~$8).
- 6. Once you submitted your details, our airdrop bot will give you a unique referral link. Share your referral link amongst your friends and receive extra 20EET ($2) for every friend who joins our Community through your referral link.
2) Reward- 1. Get 80 ETHERCToken(EET), $8 worth, for participating our airdrop.
- 2. Get extra 20EET($2) for each friend you invite.
3) Rules- 1.All participants will be checked for fake and fraud accounts (including IP check and bot accounts) Anyone cheating in the airdrop will be eliminated.
- 2.You must complete all the tasks before the conclusion of this airdrop. Otherwise, you will not receive your EET Tokens.
- 3.Your referred friends must participate and follow all of the airdrop steps too.
- 4.Tokens will be distributed after airdrop ends within 2 weeks.
About ETHERC Decentralized ExchangeETHERC.IO is a new fully Decentralized Ethereum Token Exchange.
It’s the world’s first Decentralized Exchange that established a solution for Gas-Free trading.Today we’re proud to announce the release of our exchange and there’re already over 400 tokens listed on it. So welcome to try it out and trade your tokens at
http://etherc.io, your feedbacks and suggestions are really appreciated.
Another Decentralized Exchange, Why?Compared with centralized exchange, decentralized exchange has higher security because traders have 100% control of their funds in exchange all the time, thanks to the Ethereum network and the smart contract capabilities. But there are few decentralized exchanges that users can choose, and the user experience of the major decentralized exchanges is also a little poor. Other than that, the slow loading speed, failed transactions occur frequently, etc. makes it hard for users to use them. To redress these shortfalls, we decided to build a decentralized exchange to
make the user experience better and the whole trading process much smoother.
Why Should You Choose ETHERC?As we said above, we aim to build a decentralized exchange with better user experience and smoother trading process. But we still found that even though the decentralized exchange has higher security but most traders may not choose it because each transaction is required to pay gas fee to Ethereum network. Thus traders need a little more extra Ether to cover the cost of Ethereum transactions besides trading fees. This maybe the main reason why most traders never choose decentralized exchange.
It's on this basis that we built ETHERC.IO and established a solution for Gas-Free trading. We call this solution/system "Token-Based Fee Reimbursement & Reward System" which has already been coded in our smart contract.
Which means that everyone trading on our exchange can get their transactions completed with MINIMAL or ZERO ether consumption. Please see details below about how this system works.
Our Solution For Gas-Fee Trading (Token-Based Fee Reimbursement & Reward System)It is well known that trading on a decentralized exchange incurs two types of fees:
- Trading Fee: Charged by decentralized exchange on all trades.
- Gas Fee: Charged by the Ethereum network on all Ethereum transactions.
According to our programming, our system(Token-Based Fee Reimbursement & Reward System) will use ETHERCToken(EET) to reimburse users for the fees(including trading fees and gas fees) at a fixed ratio and the entire process is fully automatic powered by smart contract. In a word, after each trading transaction completed, market takers will receive some EET tokens as the reimbursement for fees and market makers will also receive EET tokens as a trading reward. We can thus build an active and healthy ecosystem for trading on our exchange. More importantly, when gas consumption can be reimbursed, a higher gas price can be set for each transaction, which means that each transaction can be completed faster. Just to make things clearer, the below chart shows how the system works:
IMPORTANT NOTICE: The Token-Based Fee Reimbursement & Reward System will be released and deployed on Ethereum mainnet in early June.
The initial Fee Reimbursement Ratio will be 10000EET/ETH. But it will be adjusted frequently according to the market price of EET.
About Our Smart ContractsOur trading smart contract (ETHERCExchange.sol) was built based on the principles first established by EtherDelta and used a very similar logical structure but with some important updates. For example, we have more rigorous validation of the trading function to reduce the probability of failed transactions and we added a function to record gas consumption of each transaction which is used for our Token-Based Fee Reimbursement & Reward System. For more details about our smart contracts, you can review the code on Github:
https://github.com/ETHERCIO/smart_contract or EtherScan:
https://etherscan.io/address/ethercio.eth#code.
Token ListingWe does not currently charge a fee for listing a token on our Exchange, it's totally free. We will consider all requests on a first come, first served basis. Follow the steps below to submit your listing request:
- 1.Simply fill out the ETHERC Token Request Form here: https://docs.google.com/forms/d/e/1FAIpQLSfXYIo9ZmljVBxWfySmSvKnZ7u7nqrFwSPBkytPK6VD8GDySA/viewform to provide us some necessary information of your token, such as token name, address, symbol, deciamls, website, etc.
- 2.Besides, your token's smart contract should be verified on EtherScan or open-source on Github.
- 3.Once we received your request, we will audit the code of your token carefully to make sure that there isn't any bug.
- 4.If your token is audited and accepted by our team. It will be listed on our exchange in 48 hours.
RoadmapOfficial LinksExchange Platform:
https://etherc.io/Twitter:
https://twitter.com/etherc_ioMedium:
https://medium.com/@etherc_ioTelegram Group:
https://t.me/ETHERC_OfficialTelegram Channel:
https://t.me/ETHERC_Official_ChannelGithub:
https://github.com/ETHERCIOSupport Center & Knowledge Base:
https://etherc.zendesk.com/Token Listing Request Form:
https://docs.google.com/forms/d/e/1FAIpQLSfXYIo9ZmljVBxWfySmSvKnZ7u7nqrFwSPBkytPK6VD8GDySA/viewformContact UsYou can contact us via email:
support@etherc.io
