[ANN] Element Zero Payment Network & Algorithmic Stablecoin Platform

[K Blok]

What is the value of an Element Zero stablecoin?max supply?hard cap? softcap?

The max supply of EZO is unlimited. With no cap on inventory, Element Zero stable coins - can support any market demand and users can purchase stable coins at any time, directly from the smart contract at the current fixed face value of $100 before any adjustments for inflation.

Russian Translation Reserved

Hi we are not running a bounty.
Any examples of your translations though? It looks like the RU website translation is not live.

[talkforum]

element zero your plan is become a great i think soft cap must be required.
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. read it..great Element Zero is a not-for-profit organization.

[K Blok]

element zero your plan is become a great i think soft cap must be required.
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. read it..great Element Zero is a not-for-profit organization.

Appreciate the feedback but I do not think we need a soft cap.

The system is designed to be 100% decentralized. Even if there will be no secondary market exchanges to support our stablecoin, Element Zero's Smart Swap can act completely independently as a Peer-to-Community decentralized solution.

This solution is live in testnet https://www.elementzero.network/stablecoin/ - doesn't look like the BTT community has initiated many tractions even though there are over 2,000 transactions completed

[gfranciu]

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.

http://i65.tinypic.com/1zev80g.png

http://i66.tinypic.com/2nlg2md.png

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)

This idea won a 1 million USD prize in a global startup challenge back in 2018. You can read about that here: https://thriveglobal.com/stories/big-ideas-a-currency-without-inflation-with-jude-regev-ceo-of-element-zero-network/

Do you honestly believe that they would give money away to anyone who just claims to have a team of advisors?

We have a live testnet and substantial documentation of the work we have completed so far, as well as the work we are planning to complete, but having "the same team" is what gives us away as a scam? Really?

[K Blok]

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 .

You raise a great aspect of how the EZO stability protocol differs from what is out there.

- 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.

[K Blok]

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!

Great recap on stable coins. Current options are either centralized or not truly stable. The Element Zero (I do kind of like Element0) system is designed to be 100% decentralized.
Per your development question:
Currently, our testnet is live https://www.elementzero.network/symbol/ with the beta coin being launched soon for people to use EZO (minus the inflation control since that makes us a security)
Here are the upcoming Q3 expansions:
PR & Speaking Events
Launch EZ as a public company (S1)
Register security tokens as blue sky and SEC in all 50 US States
Code auditing
Security test and audit

[maracuya]

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.

I dunno, if you look at the Stablecoin Index https://stablecoinindex.com/, you will see that all of the current models experience challenges maintaining stability both long term and short term. So I wouldn't rush to say we don't need another model.

[K Blok]

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.

I dunno, if you look at the Stablecoin Index https://stablecoinindex.com/, you will see that all of the current models experience challenges maintaining stability both long term and short term. So I wouldn't rush to say we don't need another model.

This is a great chart. Excited for the release of beta token so we can show everyone what a straight stable line is!

[10xICO]

What happens when the crypto market has dips or sudden volatility? Any Bounty Program Release..?? min investment..??

We don't necessarily have a "Bounty Program" but we do have our ambassador program that you can signup for by going HERE.

More information will be coming soon concerning the min investments, ETC.

Make sure to join our Telegram Channel to stay up to date with all announcements - https://t.me/ElementZeroNetwork

[10xICO]

Be sure to head over to our TestNet that is now live and try it for yourself. You will need to make sure that you have MetaMask Installed.

[K Blok]

what is the ELEMENT ZERO TESTNET? what benefit?

We have released the first truly stable coin.
We are not just talking about, we created Testnet to SHOW the community.

The Element Zero Testnet shows:
Test Buying 1 EZO with ETH
Test Selling EZO for 1 ETH
Test Wiring EZO for Nothing in Return
Test Wiring EZO for Invoice
Test Wiring EZO for Receipt
And COMING SOON
Test Trading EZO via Exchange

[gfranciu]

what is the ELEMENT ZERO TESTNET? what benefit?

We have released the first truly stable coin.
We are not just talking about, we created Testnet to SHOW the community.

The Element Zero Testnet shows:
Test Buying 1 EZO with ETH
Test Selling EZO for 1 ETH
Test Wiring EZO for Nothing in Return
Test Wiring EZO for Invoice
Test Wiring EZO for Receipt
And COMING SOON
Test Trading EZO via Exchange

We are a not-for-profit, so it was extremely important for us to allow everyone to interact with the smart contract before we actually release the beta token. You can find more details in this link: https://www.cryptocurrencyguide.org/element-zero-launches-public-testnet-showcasing-new-protocol-effectively-eliminating-volatility/

Also, the testnet is the perfect opportunity to evaluate how strong and secure the platform is and show everyone that the value of the token cannot be manipulated.

[K Blok]

Over 2,000 transactions on our stability protocol https://ropsten.etherscan.io/address/0xfea46633729847ebb49f82c64be3417398bb00a1

To access the protocol and request test EZO go https://www.elementzero.network/stablecoin/

[gfranciu]

Over 2,000 transactions on our stability protocol https://ropsten.etherscan.io/address/0xfea46633729847ebb49f82c64be3417398bb00a1

To access the protocol and request test EZO go https://www.elementzero.network/stablecoin/

The testnet includes a short video which explains all the requirements you need to test the protocol.

Learn more about why we decided to release a testnet in this article: https://coindigitalstandard.com/calling-all-coin-geeks-try-element-zeros-new-public-testnet/

[Gi01]

How different is this coin gonna be from the already existing stable coins? And how relevant will this project be to the entire crypto ecosystem? What are the future plans for this project?

[Denreal]

Why are the pictures of your team and advisors not appearing clearly.
If stability is actually achievable for a coin, it would have been good, but we still see that most of them get affected the the market conditions, while there are also some that have no element of stability in them.
How do you intend achieving this fit and what will make you different from others.

[K Blok]

How different is this coin gonna be from the already existing stable coins? And how relevant will this project be to the entire crypto ecosystem? What are the future plans for this project?

EZO is different from current stable coins by completely removing volatility, which will create a straight line of stability. https://www.elementzero.network/stablecoin/

The Element Zero stable coin ecosystem was developed with the help of Dee Hock, founder of Visa, which was focused on bringing together competitors together for the benefit of the consumer. https://www.elementzero.network/symbol/

The near future plans include releasing the beta-token to help investors manage volatility. We are doing this prior to a private sale to add value with our open source technology now.

[gfranciu]

How different is this coin gonna be from the already existing stable coins? And how relevant will this project be to the entire crypto ecosystem? What are the future plans for this project?

EZO is different from current stable coins by completely removing volatility, which will create a straight line of stability. https://www.elementzero.network/stablecoin/

The Element Zero stable coin ecosystem was developed with the help of Dee Hock, founder of Visa, which was focused on bringing together competitors together for the benefit of the consumer. https://www.elementzero.network/symbol/

The near future plans include releasing the beta-token to help investors manage volatility. We are doing this prior to a private sale to add value with our open source technology now.

The EZO token is a new generation of stablecoins.

The value of the current so-called stablecoins varies over time, which makes them not truly stable at all. You can read more about that here:
https://medium.com/coinmonks/how-well-do-the-top-stablecoins-perform-a-quantitative-analysis-c56d022719b
https://www.nasdaq.com/article/how-stable-are-stablecoins-cm1136800

We have been posting articles and information that support this statement and explain why Element Zero is different than any other of the current "stable" coins in several posts within this ANN.

If you would like to read more about how Element Zero is leading the cryptocurrency evolution, you can also refer to this article:  https://www.orlandosentinel.com/cg-ugc-article-element-zero-network-the-fourth-protocol-2019-04-26-story.html

[K Blok]

Why are the pictures of your team and advisors not appearing clearly.
If stability is actually achievable for a coin, it would have been good, but we still see that most of them get affected the the market conditions, while there are also some that have no element of stability in them.
How do you intend achieving this fit and what will make you different from others.

Element Zero stability protocol is unaffected by market volatility and there is no room for manipulation by supply or demand.

The protocol is live with the tradeable token (minus inflationary control) coming soon.

[gfranciu]

Why are the pictures of your team and advisors not appearing clearly.
If stability is actually achievable for a coin, it would have been good, but we still see that most of them get affected the the market conditions, while there are also some that have no element of stability in them.
How do you intend achieving this fit and what will make you different from others.

Element Zero stability protocol is unaffected by market volatility and there is no room for manipulation by supply or demand.

The protocol is live with the tradeable token (minus inflationary control) coming soon.

The EZO token will be truly stable because it will not be tied to any other method of valuation and it will be decentralised. That is why the team decided to create Element Zero as a not-for-profit, so it will not be governed by any entity other than the public.
You can read more details about the protocol in the white paper: https://www.elementzero.network/white-papers/Element%20Zero%20White%20Paper%20V022819.pdf

Regarding the profile pics, it was just a design choice. The team just thought it was a good idea to create cartoon versions of each team member. We use the same pics in out website (https://www.elementzero.network) and if you hover over each one, you will be able to see a link to our LinkedIn profiles.