gfranciu
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April 20, 2019, 10:14:30 PM |
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ELEMENT ZERO’S STABLECOIN SOLUTION Element Zero does not use a currency peg or collateral or any supply or demand method to ensure stability. Element Zero’s stability protocol it is based on a smart contract algorithm that is designed to eliminate any possibility for volatility in the first place by preventing the user from selling the stablecoin above or below the current (fixed) face value.
The entirely new stability methodology, the Element Zero Stability Protocol, is designed to process a two-way transaction. On one side the sender can send a stablecoin to a receiver but on the other side, the receiver must send back in return cryptocurrency, an invoice or receipt with the same value as the stablecoin. In the event that the value of the exchange does not match, the smart contract steps in to balance the face value between the sender and the receiver by returning the extra value to whom it belongs. The two-way nature of the smart contract means that the Element Zero stablecoin cannot be traded speculatively since it’s value is enforced.Element Zero has been designed as an open source solution that allows businesses, organizations, and even governments to create their own stablecoin for free with their own industry-relevant features and with many more options that enhance the user experience while protecting their data, in contrast to today’s poorly retrofitted credit cards. Element Zero enables businesses, organizations and even governments to create their own stablecoin—free of charge—based on a new stability methodology that completely eliminates the possibility for any volatility in the first place.
Element Zero is a not-for-profit organization. All of the services are decentralized and free. Element Zero co-branded stablecoins can set their transaction fees; 75% goes to the stablecoin partner and 25% goes to the system. Element Zero intends to transform the way we think about payments by providing a smart, feature-rich, open-source payment solution. Government-issued digital currencies are less concerned with the customer experience, currency is more of a utility. Element Zero allows brands and other organizations to offer a solution that is tailor-made for their community. We have released our test protocol for everyone to test the stability www.elementzero.network/stablecoin/The testnet is the first opportunity for users to use and validate Element Zero's methodology by demonstrating how the new two-way smart contract maintains the coin’s stability. This article explains why we decided to make a testnet available to everyone before officially entering the marketplace: https://www.cryptocurrencyguide.org/element-zero-launches-public-testnet-showcasing-new-protocol-effectively-eliminating-volatility/What do you think? Have you tried it already? |
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tippytoes
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April 20, 2019, 10:30:12 PM |
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Your project seems so promising aside from the fact that you have great list of team members and advisors. Volatility is one major bottleneck why many are hesitant to use cryptocurrencies. With how you presented this platform, it seems that the team behind this is very confident that they can beat other stable coins and establish their niche in this crypto community. By any chance, can you push thru your developments even without running public token sale? Is this a vital part to continue your developments? |
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K Blok
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April 20, 2019, 11:22:26 PM |
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Your project seems so promising aside from the fact that you have great list of team members and advisors. Volatility is one major bottleneck why many are hesitant to use cryptocurrencies. With how you presented this platform, it seems that the team behind this is very confident that they can beat other stable coins and establish their niche in this crypto community. By any chance, can you push thru your developments even without running public token sale? Is this a vital part to continue your developments? We have completed substantial development and the protocol is in testnet to allow people to try and manipulate the price. https://www.elementzero.network/stablecoin/We are releasing the beta-token without the inflation control soon so people can begin to use EZO and see that the price is truly stable Securities laws are rigid and we are firm in our dedication to meet these guidelines. While that delays a public sale until an S1 we are confident the stability is superior to current solutions. (Encouraging you to check out the testnet and provide feedback) Our biggest issue in bringing this solution from stealth is marketing. To comply with regulations we are not running a bounty campaign. (still considering a public bug bounty) Rather we are holding a competition to become an ambassador. These ambassadors will be equipped with what they need to comply with Securities law when promoting EZO. With that being said, the community is going to enjoy testing the token and we are set up as a not-for-profit. So this is for you, for the community. |
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gfranciu
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April 21, 2019, 12:59:56 AM |
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stablecoins are so hard to get right : / every year is a new ICO hype, 2019 has been stablecoins which is funny as it was stablecoins in 2015-2016ish too  haha same old im too lazy to check if your team is legit, but anyone who invests hopefully does dig a little deeper - a whole new method to stability that removes volatility to start with. I work for the parent company, the advisors are real and it great to work with David Weild specifically. We decided to make this solution a not-for-profit rather than keep it as a for-profit like Jointer to ensure the world could benefit from this technology their advisors are big names in the industry. the authenticity needs to be researched if they have real affiliation with this project. can you provide references saying that they have something to do with this project? We got most advisors to verify on here https://gust.com/companies/jointer and they verify to our investors. We also had to submit written verification for David's quote that went over the wire: "The CEO is an experienced entrepreneur with a very ambitious and exciting vision who is attracting very accomplished people to the project. It is in an area of finance (real estate) that lends itself, in my view, to blockchain and tokenization," David Weild, Father of the JOBS Act." source: https://www.prnewswire.com/news-releases/jointerio-a-new-generation-of-commercial-real-estate-investing-raises-2-5-million-in-seed-funding-to-pivot-to-a-free-end-to-end-tokenization-platform-300794098.htmlMost of the advisors are also listed on the AngelList profile ( https://angel.co/element-zero-network), but making them more visible is definitely something we should improve and take advantage from. Thanks for bringing that up! |
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Blocklords
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April 21, 2019, 08:11:45 AM |
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I have gone through this project and it is quite innovative, i will do a follow up on this, i love the concept...great job!
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gfranciu
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April 21, 2019, 12:54:07 PM |
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What happens when the crypto market has dips or sudden volatility? Any Bounty Program Release..?? min investment..??
We remove volatility in the first place, so it is never an issue. Try to manipulate the price on our testnet and see if you can - https://www.elementzero.network/stablecoin/For the bounty - we are considering a bug bounty if the community has an interest, right now we have a private bug bounty going out to white hats. A non-technical bounty would be the ambassador program: ambassadors.elementzero.network - we are currently voting to select the top 100 to participate in our "bounty" The ElementZero sale will be broken down into private and public (after our S1) - the public sale will not have a minimum.
I want to clarify, we are not an ICO. ElementZero will release a beta-token that is not a security token soon but that is not involved with our offering and is only used for you all test. We will run a private sale with the ElementZero security token followed by a public sale after we register as an S1. The token has inflation protection so therefore it is a security. Most stablecoins are unregistered security tokens, so we are not going to join that crowd! One of our advisors is the former Chairman of the SEC so we are poised to take the correct approach to this issue. As for the bounty, we are considering a bug bounty if the community has an interest, right now we have a private bug bounty for people to try and manipulate the price of our stablecoin. Here is the testnet that has proven strong against hacking so far https://www.elementzero.network/stablecoin/A non-technical bounty would be the ambassador program: https://ambassadors.elementzero.network - we are currently voting to select the top 100 to participate in our "bounty" That ambassador program was launched to call on the industry's top influencers to compete for just those 100 slots. Those who earn the most votes will not only become ambassadors, but also will have the opportunity to earn a reward of up to USD 50,000. |
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K Blok
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April 21, 2019, 02:10:56 PM |
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which exchange u prefer launch ElementZero.io.your coin stable value Interesting idea.trust in the future can run according to the planned.
While ElementZero has smartswap, which is a decentralized exchange with atomic swap capabilities, multiple order functions, and advanced liquidity. Need your help getting the word out! Please go through testnet and share with your friends |
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gfranciu
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April 21, 2019, 03:14:47 PM |
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Your project seems so promising aside from the fact that you have great list of team members and advisors. Volatility is one major bottleneck why many are hesitant to use cryptocurrencies. With how you presented this platform, it seems that the team behind this is very confident that they can beat other stable coins and establish their niche in this crypto community. By any chance, can you push thru your developments even without running public token sale? Is this a vital part to continue your developments? We have completed substantial development and the protocol is in testnet to allow people to try and manipulate the price. https://www.elementzero.network/stablecoin/We are releasing the beta-token without the inflation control soon so people can begin to use EZO and see that the price is truly stable Securities laws are rigid and we are firm in our dedication to meet these guidelines. While that delays a public sale until an S1 we are confident the stability is superior to current solutions. (Encouraging you to check out the testnet and provide feedback) Our biggest issue in bringing this solution from stealth is marketing. To comply with regulations we are not running a bounty campaign. (still considering a public bug bounty) Rather we are holding a competition to become an ambassador. These ambassadors will be equipped with what they need to comply with Securities law when promoting EZO. With that being said, the community is going to enjoy testing the token and we are set up as a not-for-profit. So this is for you, for the community. Exactly. And for the community means that the platform we are building is an open source solution that allows businesses, organizations and even governments to create their own stablecoin for free, and with their own industry-relevant features. Companies can even create an ecosystem within the blockchain and foster deeper engagement with customers, with customized features, loyalty solutions, a payment ecosystem with no processing fees or monthly minimum and so many other benefits. This article examines all these benefits in more detail: https://medium.com/element-zero/industry-specific-cryptocurrency-960d611aa16c |
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K Blok
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April 21, 2019, 04:39:10 PM |
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I have gone through this project and it is quite innovative, i will do a follow up on this, i love the concept...great job!
We appreciate you wanting to learn more. I do not see the whitepaper in the ANN (will have Tyler add it or I am just missing it) so here it is https://www.elementzero.network/white-papers/Element%20Zero%20White%20Paper%20V022819.pdf to help with your due diligence I encourage you to immerse yourself in the testnet before we release the beta token. |
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gfranciu
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April 21, 2019, 07:06:39 PM |
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Your project seems so promising aside from the fact that you have great list of team members and advisors. Volatility is one major bottleneck why many are hesitant to use cryptocurrencies. With how you presented this platform, it seems that the team behind this is very confident that they can beat other stable coins and establish their niche in this crypto community. By any chance, can you push thru your developments even without running public token sale? Is this a vital part to continue your developments? We have completed substantial development and the protocol is in testnet to allow people to try and manipulate the price. https://www.elementzero.network/stablecoin/We are releasing the beta-token without the inflation control soon so people can begin to use EZO and see that the price is truly stable Securities laws are rigid and we are firm in our dedication to meet these guidelines. While that delays a public sale until an S1 we are confident the stability is superior to current solutions. (Encouraging you to check out the testnet and provide feedback) Our biggest issue in bringing this solution from stealth is marketing. To comply with regulations we are not running a bounty campaign. (still considering a public bug bounty) Rather we are holding a competition to become an ambassador. These ambassadors will be equipped with what they need to comply with Securities law when promoting EZO. With that being said, the community is going to enjoy testing the token and we are set up as a not-for-profit. So this is for you, for the community. Exactly. And for the community means that the platform we are building is an open source solution that allows businesses, organizations and even governments to create their own stablecoin for free, and with their own industry-relevant features. Companies can even create an ecosystem within the blockchain and foster deeper engagement with customers, with customized features, loyalty solutions, a payment ecosystem with no processing fees or monthly minimum and so many other benefits. This article examines all these benefits in more detail: https://medium.com/element-zero/industry-specific-cryptocurrency-960d611aa16cI forgot to mention that, in addition to the testnet, we have also released a website to allow companies and organizations reserve their own currency symbol for free, in case they want to use the stablecoin creation platform in the future: https://www.elementzero.network/symbol/ |
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K Blok
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April 21, 2019, 09:14:33 PM |
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Your project seems so promising aside from the fact that you have great list of team members and advisors. Volatility is one major bottleneck why many are hesitant to use cryptocurrencies. With how you presented this platform, it seems that the team behind this is very confident that they can beat other stable coins and establish their niche in this crypto community. By any chance, can you push thru your developments even without running public token sale? Is this a vital part to continue your developments? We have completed substantial development and the protocol is in testnet to allow people to try and manipulate the price. https://www.elementzero.network/stablecoin/We are releasing the beta-token without the inflation control soon so people can begin to use EZO and see that the price is truly stable Securities laws are rigid and we are firm in our dedication to meet these guidelines. While that delays a public sale until an S1 we are confident the stability is superior to current solutions. (Encouraging you to check out the testnet and provide feedback) Our biggest issue in bringing this solution from stealth is marketing. To comply with regulations we are not running a bounty campaign. (still considering a public bug bounty) Rather we are holding a competition to become an ambassador. These ambassadors will be equipped with what they need to comply with Securities law when promoting EZO. With that being said, the community is going to enjoy testing the token and we are set up as a not-for-profit. So this is for you, for the community. Detailed update - maybe we put the current goals in the ANN. I was worried about it being too crowded Q1 Continued blockchain development = ogoing Launch V1 of website = complete Launch Pre-signup/referral networking = complete Launch Pre-signup reserve stablecoin symbol = complete Release stablecoin Test Net demo = complete PR Launch for Ambassador Program = complete PR Launch for stablecoin Test Net = complete Q2 Continued blockchain development = ongoing (we have people trying to hack and encouraging more to do so!) PR for vendors pre-signup = ongoing Release CartBox wallet Test Net demo = Completed development waiting on patent for release Launch Pre-Sale - 6 months (open to Reg D 506 (c) & Reg S only) = coming soon |
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gfranciu
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April 21, 2019, 10:33:48 PM |
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The market already have an over supply of stable coins and i don't think we need a new one anytime soon since the current one (tether,TUSD, Gemini USD, Tron USD) is working perfectly well at their current state.
We wholly disagree for when you create a solution you need to design it for the long term or you are putting token holders at risk. Not only are the current solutions very centralized, what happens to currencies like Tether when Uncle Sam issues USD? Why would someone trade for your tether when they can go right to the US Government? I will address in deeper detail by updating this post later. Kyle, before you elaborate on that, there is just something I would like to mention about this. There is nothing perfect about the current "stablecoins" because none of them is truly stable and that is a fact. What do you all see when you look at the price chart of all those coins mentioned by Xsinx? Do you really see perfection and stability? When we release the EZ token, its price chart over time will always show a flat line. That is what we are building. You can read this article for more details on how Element Zero is nothing like the coins already available in the market: https://www.ccreview.com/news/element-zero-reinventing-stablecoin-how-why-explained/?utm_source=facebook&utm_medium=medium&utm_campaign=properties |
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K Blok
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April 22, 2019, 02:31:18 AM |
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Hi, Upon checking the team of your project, I saw that the team of Element Zero is identical to Jointer.io team. What is the reason behind this? I did not see any affiliation or partnership between the two projects. Kindly please clear this ambiguity. so many scams around people claiming they have team members they don't have cant trust anyone Rune - appreciate it and agree that scams have tainted the space. Jointer is the parent company to EZO, I provide verification links and so did German. Further, look at what we created with this team, https://www.elementzero.network/stablecoin/ - the right approach to stability. So before you lump a legitimate project with scams, I suggest you test our technology and engage further with the project. (side note, Element Zero is a not-for-profit) |
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BusWay18
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April 22, 2019, 03:04:54 AM |
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K Blok
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April 22, 2019, 03:18:01 AM |
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Jointer and Element Zero are the same company... of course, it is the same team. Jointer created the stability protocol and technology behind Element Zero. We realized how important this technology was for the world, so rather than keep it to ourselves, we created Element Zero as a not-for-profit so the world could benefit from true stability. |
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catchmedoge
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April 22, 2019, 04:24:20 AM |
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now days smart contract of blockchain technology must be prefer every investor, your white paper say Element Zero proposes a new way to create a stablecoin based on a new methodology that completely eliminates the possibility of any price fluctuations from occurring in the first place.great..!! Why are Stablecoins Important?  |
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cryptodemystified
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April 22, 2019, 04:39:43 AM |
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now days smart contract of blockchain technology must be prefer every investor, your white paper say Element Zero proposes a new way to create a stablecoin based on a new methodology that completely eliminates the possibility of any price fluctuations from occurring in the first place.great..!! Why are Stablecoins Important? As crypto space is getting hot again, stablecoins are one that really matter. Why is that so? 1. It is a true mean of decentralization. 2. It has a huge potential for acceptance because of its non(extremely-low)-volatility. 3. It can revolutionalize cross-border lending as it removes the fear of price stability. 4. It is the least manipulative. 5. It accommodates the real world use cases including supply chain, e-commerce, exchange platforms, payment ecosystem and more. I am not quite sure of Element0's further expansion part. Time will have to speak then! |
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RuTranslator
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April 22, 2019, 04:41:31 AM |
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Russian Translation Reserved
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faucetearn
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April 22, 2019, 08:46:36 AM |
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What is the value of an Element Zero stablecoin?max supply?hard cap? softcap?
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sandra_x
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April 22, 2019, 09:15:14 AM |
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It sounds innovative having an algorithm-based price control mechanism for a stablecoin. We have had different models for stablecoin in the past,all with their merits and demerits.
But how is an algorithm-controled mechanism far-fetched from price fixing in a free market (where demands and supply are the principal control)?
It is of interest how this goes .
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