ETHERSHIFT – MAKING TRANSACTION EASIER AND BETTER

Most investors go through the hassle of signing up on an exchange. This has made it very difficult for them to transact or learn how to use a decentralized exchange though some like IDEX are great to use. As a result of this, investors who are average users feel they are so complicated that they cannot use them.

However, a service known as Ethershift has been created to allow users to quickly and easily exchange between different ERC20 tokens on the market without a fee. This is great news. Another exciting thing about Ethershift is that, it is going to make the acquisition of the best tokens easier than before. It also has no accounts, collects no customer data and does not do any KYC.

HOW ETHERSHIFT WORKS
Ethershift works by indicating the token users will receive after the exchange. Here, the exchanged value will be sent back to the users through the address they sent the original tokens. Ethershift takes a cut of profit thus half of it in the form of an input token and half of it as an output token to account for the risk of the exchange rate changing.

Again, third parties here are able to combine Ethershift with their own systems and receive a 50% profit cut of the profit via Ethershift API. Ethershift service will also provide the following API such as ListSupportedERC20Tokens, GetNewConversionAddress, GetThirdPartyProfitBalance, GetExchangeBalances and GetHotWalletBalances to the front- end website.

In addition, the service will have the following configuration options like a list of supported ERC20 tokens plus, hardware wallet, profit cut, thirdpartyprofitcut and a whole lot.

Another wonderful thing about the Ethershift is its database which is able to store a lot of things. Aside all these, Ethershift organizes the back – end implementation such as Exchange Objects, GetBalance, EstimateRate and others which also help. Ethershift rebalances wallets by making sure users tokens are intact. It also helps identifies the desired output token type based on the address the tokens were sent to.

Moreover, it keeps a profit cut /2 fraction of the value in the hot wallet. Thirdly, it also asks all of the exchange objects for their exchange rate estimate between the desired pair of tokens and amount sent in to select the best one. The intriguing aspect of this is that even if there is not enough balance in the hot wallet, it sends an email alert and add the transaction to a queue to be retried later.

ETHERSHIFT TOKEN
The Ethershift token is the ERC20 token which indicates a revenue share of 50% of the fees gathered by Ethershift. Be mindful that 50% will be airdropped to Ethershift token holders. Also remember that each transaction made on any of their products yields a fee of up to 5% which will be split into two wallets, one wallet being used for operating costs and salaries while the other is used to airdrop all tokens Ethershift token holders.

These tokens will be in the form of Ether as well as all the tokens supported on the Ethershift exchange will receive a variety of tokens on each airdrop rate.
However, the first Ethershift Airdrop date is March 31st, 2019. The maximum supply of the tokens is 15,000,000.

Out of this, 3,000,000 Ethershift tokens will be allocated towards marketing, promotions, giveaways, bounties and advisors. 3,000,000 tokens are also allocated for team members and early investors while 9,000,000 are for sale in the 3 rounds of the Ethershift ICO. If any of these 3 rounds do not hit their target or hardcap, the left tokens from that round will be burned.

OUR ROADMAP