I am a huge investor in Crypotcurrencies and presently I am based in the Ethereum Blockchain. I want to Enlighten Steemit on Equal. Below is a brief review of our whitepaper. You can follow us up on our social handles at the base of the write up for Bounties and Updates.
Underlying Technology
Ethereum Blockchain
Token EQL is an ERC-20 token which is built on the Ethereum Network. It benefits from the pre-existing blockchain infrastructure and smart contract capabilities that have been developed by the Ethereum community, the flip side of this is every interaction costs gas, which means a balance of Ethereum is required to send EQL from one address to another.
Adjustable Smart Contract
The option for adding further functionality has also been made possible, future proofing the EQL network token for future product development which may require added contract methods. This makes EQL truly multi-platform orientated as it can be constantly evolving to expand its utility to for its growing application base. development to the evolving ecosystem in which we believe in.
Web3 API
The EQL Wallet is built to provide users with the ability to easily manage their crypto assets, while providing easy integration into Decentralised Apps (DAPPs for short) and Decentralised Exchanges (DEXs for short) of the future via the Web3 API standard. We believe the future of exchanges will be decentralised and want to support these efforts with our EQL web extension making this transition as simple as possible. No user information or private data is stored or accessible by the EQL platform or network.
Bounties/Marketing/Contests
As EQL is a community driven project we have worked extensively to hash out a budget to reward our loyal following and those that add value to our project. We have set out a 2 year plan pertaining to bounties for our community. This aims to prove to the wider community that EQL as a team and EQL as a project strives to continue growth into the future. Bounties will include generic campaigns that most other tokens use such as social media campaigns and signature campaigns. We also will have exchange voting campaigns to incentivise exchange adoption by demonstrating our determined community’s focus on growth.
As we have demonstrated since inception, EQL aims to be at the forefront of innovation and optimization, with this, we will be creating exciting and innovative bounties to continuously satisfy our community’s desire to be constantly stimulated. We aim for our bounties to be linked to product and service releases as we continue to unveil our in depth plans for EQL to become a mass adopted network. With that, we aspire to connect our community to our undertakings through bounties. Our goal is to educate our community and then for our community to have the capability to educate the wider public to increase our efficiency in achieving our goals for optimizing the Crypto World.
Executive Summary
The token market is growing rapidly, as it does it becomes less and less unified as the spread of closed loop tokens are created to fund projects. With over one thousand different tokens in circulation, many of them only serving a purpose within a singular application. This creates borders and complexity, in-turn further increasing the difficulty of cryptocurrency adoption. The EQL ecosystem unifies a fractured token market through an interconnected application network built in part by the EQL team, and incentivised community developers who take advantage of the seed offering fund. The EQL project aims to provide a suite of products that both facilitate and streamline the adoption of cryptocurrency to the masses - by providing simple and easy to use services that are incentivised or make use of the EQL network token. EQL products will initially be built by the team, setting product standards, branding and a focused vision to create user friendly applications which harness blockchain technology and provide accessible mass adoption. EQL hopes to empower its community of developers to build quality services that make use of the EQL network token, via applying for the seed offering fund, services built around the EQL token can provide a source of income for the developers, while further enhancing the intrinsic value of both the token and pre-existing EQL products.
Community
“WE RISE BY LIFTING OTHERS.”
EQL is a community driven project, from its free initial distribution, bounty driven creative contests, weekly community challenges and seed offering phase. Driven to educate, entertain and create a warm and inviting atmosphere for users to share and voice their opinions. We are here to make something special, but we can’t do it alone! Community is the foundation for everything we build, promote and envision, we hope to embody and inspire creativity as not one, but as many. Our constant aim when building our products and ideas are directed at providing our EQL community with continued substance, and educate the Crypto society in how EQL can improve its many shortcomings. Cryptocurrencies have proven that power is truly in the hands of the people and the EQL community has the opportunity to lead the way.
Development
EQL and all products powered by the EQL network token are designed to provide ease of use, to further drive greater adoption of crypto and blockchain technology. The EQL Web Wallet will be the first
product showcasing our vision for quality crypto related apps
The Token
The EQUAL Network Token (EQL) is the store of value that will be at the core of all EQL products and services. The EQL Network Token is unique due to its Deflation Through Burn (DTB for short) functionality this model rewards the EQL token holders. The EQL network token will also be further implemented into future services and products built by the EQL team or third party developers. Different implementation scenarios in which a developer could drive revenue via the EQL Network Token could be in the form of: service fees, monthly membership costs or simply as an accepted payment method.
Web Wallet
The EQL Wallet at its core will provide the simplest solution for storing, sending and receiving any ERC-20 token. EQL aims to strip away the complexities of other wallets, further allowing for mass adoption of crypto asset management and transfers. The EQL Wallet is currently being developed for Google Chrome and will be available for download via the Chrome Web Store, this is to take advantage of DAPP and DEX web3 integration. Development of the EQL iOS and Android wallets will commence shortly after the release of the Chrome extension. During beta testing selected members of the community will be able to test the wallet is functional, provide suggestions and improvements. An official bug bounty program will also become available during the beta period, incentivising developers to discover potential floors or exploits in the wallet code. ( We are building on top of the MetaMask open-source project due to it being well developed and highly secure, however we believe the EQL Wallet upgrades provide a massive value add through its many added features and UI/UX improvements targeted towards mainstream adoption. )
Issues some current web wallets suffer from:
. Not able to send ERC-20 tokens
. Limited selection of ERC-20 tokens
. Requires third party apps to access and send token
. Difficulty transferring funds due to confusing gas configurations
. Not factoring in EQL burn fees
. Interface is cluttered and confusing (lack of UI/UX focus)
Wallet Feature
The EQL Wallet is a management solution for all tokens. The EQL Wallet is the safest option for depositing and withdrawing tokens to and from any DEX through a secure approve method. (Accessing exchanges through the web wallet will ensure users are not inputting private keys, wallet passwords or uploading UTC files to compromised sites). • • • • • • • • •
. Send Ether or any token
. Receive Ether and any ERC-20 compatible token.
. EQL calculated burn fee, the wallet will factor in EQL transaction fees to simplify its use. (DTB)
. WEB3 API support to enable developers to easily communicate with the EQL
. Wallet allowing for seamless integration with future DAPPs and DEX’s.
. A slick and simple user interface, enables all users to adopt the EQL Wallet, no matter how
technically able they may be with cryptocurrency - the transfer of value should be simple, not
complex, even if the underlying technology is.
. Web3 enabled, allows the EQL Wallet to seamlessly connect and interface with Decentralised
Exchanges, simplifying the experience of depositing and withdrawing EQL onto any DEX.
. Automatic calculation of EQL burn fees enables even new adopters of the EQL currency to send
and receive EQL, without the need for basic maths during the transfer process.
. Send any ERC20 token directly from the EQL Wallet without the need for third party services, like
MyEtherWallet.
You can check out our Social Links for more:
Website
Reddit
Medium
Telegram
Twitter
Discord
I ALWAYS LOVE TO SAY THIS. (Never Put In Your All In Cryptocurrency. You Are Likely To Go Bankrupt)