It pains me that projects no longer use bitcointalk to announce their launches. Those that care about ecosystems and innovations are all here, ready to jump in with their comments.
https://talkimg.com/images/2024/06/20/hSADm.pngI have found a groundbreaking and innovative project where the utility actually makes sense. The end user is not a greater fool and the price appreciation will not be a short hype pump upon some sort of a listing announcement. This project is currently at a market cap of 4 million usd, and was launched in february.
I talk about the numbers first to save the time of the experienced people that are tired of bullshit.The distribution schedule is similar to the bitcoin distribution schedule, but with an other halving structure. The evernode halvings are based on time instead of blocks. Each halving doubles the reward distribution time period and cut's the rewards with 50%. The first distribution epoch was for 6 weeks, the second was for 12 weeks. We are now at the third which is 15% into 24 weeks.
5 years from now we will reach 51 million tokens in circulation, today we are at 32 million (check stats at
https://dashboards.evernode.network ).
The full distribution period is 118 years, and the maximum supply (which will be in circulation 118 years from now) is 72.5m evr tokens.
Who gets the rewards?Those that are eligible for the rewards are node operators, and to become a node operator you have to commit 500 evr tokens to get your license. This is a good tool to keep non-serious people on the outside.
If you shut down your node, you are only eligible to get 250 evr tokens back. The remaining evr tokens will be shared in the reward pool.
Current state of the distributionCurrently there are 11000 nodes running. There are some farmers involved and they have been pushing the price down very well. That's beneficial for those that want to invest and not run a node.
The non-farming node operators are losing out, investors are winning on it.
The distribution is very nice because a lot of retail normies like myself have been able to buy in cheap. A richlist and node list can be found here:
https://xahau.xrplwin.com/evernodeWhy does the coin need to exist?The EVR coin is needed to incentivize the initial node operators to exist and afford paying their electricity bills.
What is an EVR token worth?The value of an evr token is in the network. As an EVR token holder you can rent nodes. You can rent nodes and offer services to businesses with them and make really good money doing so. The reason why this gap exist is because people barely know that evernode exist.
I decided to buy tokens instead of running a node because I can always rent nodes with my tokens and run applications for customers on them. The nodes support docker installations, and that's really opening a lot of opportunities.
What is the purposeDecentralized applications
Globally distributed computing power
Serverless cloud computing
Sophisticated smart contracts
Clustered hosting
Multi-chain communication, and most importantly and groundbreaking: On-Demand Blockchains.
The nodes can be used in clusters, which mean you utilize multiple nodes and execute orders based on whether or not they come to consensus with eachother. These clusters (app-chains) can have coins as-well, and as they have a ledger and UNL's they can scale as big as you want!
That's groundbreaking because the nodes run on linux, which mean that anyone can come and build smart contract functions without learning a new coding language. (Linux supports basically all languages).
On top of that, you can communicate with the outer world, while other blockchains are locked from communicating with the outer world for safety reasons. Coders won't need to create specialized tailored solutions for their usecases. That's a good thing, and it will onboard millions of new developers to crypto.
Which will drive up the value of everything!
An example of an evernode hackathon winner is roadrush.
https://www.youtube.com/watch?v=lG3vWIufMkg Basically a decentralized UBER!
What's making evernode special is that it has no competitors, it communicates with all blockchains and you can finally host your applications on an infrastructure that is decentralized (instead of sitting on centralized webservers and utilizing cloudflare as a cache layer).
DecentralizationThe decentralization of applications running on evernode is based on how many nodes users rent. They can rent 1, 10, 1000 or all available nodes... The more nodes you rent, the more computingpower, redundancy and decentralization you get.
The photo in this thread won't work because I have no merit, but if you click it you will be able to see all of what I've been writing here in a much more orderly manner.
Anyone is welcome to rewrite this topic better, I'm not good at english and I am not good at writing either. I will come back and write a bit more later.
I hope you guys enjoy my little novel!
Website of community:
https://evernode.orgWhitepaper:
https://raw.githubusercontent.com/EvernodeXRPL/whitepaper/main/Evernode%202.0.pdfDocumentation:
https://docs.evernode.org/en/latest/
