Ezira is a decentralized autonomous corporation that aims to enable everyone to share information and value freely. It will utilize the delegated proof of stake decentralized consensus algorithm used by Bitshares and Steem and will launch its own main net blockchain, flagship user applications, and a multi-token circular economic model.
When released, the Ezira network will offer users access to a suite of cryptocurrency and social media features. It will provide a platform for posting social media content, blogs, videos, images, audio, applications, and any other files using the IPFS distributed file storage protocol.
Content Rewards
Users will be rewarded for posting according to the number of votes and views that each post receives over 30 days. Blockchain node operators will be rewarded for hosting files on their integrated IPFS node within the Ezira Node client. This will offer ongoing rewards to seeders of content over IPFS and will ensure a decentralized base of file storage for the network.
The Ezira Blockchain will have multiple native cryptocurrencies. EziraCoin will be the base currency of the platform, issued in each block at a linear rate of 10,000,000 per year. Users will receive earnings for optionally vesting their EziraCoin into EziraPower, which will convey voting weight.
Payments using Ezira currencies will have no transaction fees and will complete within a 3 second block time. Users will have the option of transferring funds using the EziraStealth system, which will send EziraCoin to a stealth address and send payments using a ring signature and use ring confidential transactions to conceal the payment amount. These privacy mechanisms have been used by Monero to provide private untraceable payments.
The asset EZIRA will have a fixed supply of 10,000,000 and will be issued at the beginning of the blockchain to ICO participants using a snapshot of the Bitshares blockchain. EZIRA asset holders will earn a dividend of 20% of all issued EziraCoin. All holders of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Bitshares, Steem, Monero, Dash, Litecoin, and Zcash will receive a share drop of EZIRA when they import their addresses into the Ezira Wallet. The EZIRA asset will additionally convey voting weight.
Decentralized Exchange
The Ezira decentralized exchange will enable all accounts to create assets for trading, and the Ezira marketplace will enable users to buy and sell products and services using their Ezira cryptocurrencies. Users will be able to use peer to peer lending to earn interest by lending their funds to other users, based on collateral, independent verification processes, and established creditworthiness. Traders will be able to borrow funds for use in margin trading on the decentralized exchange to leverage their positions, and users will be able to access credit for purchases in the marketplace.
The decentralized exchange will offer smartcoins, which are assets that are autonomously priced by data feeds from block producers. They are designed to remain stable at a fixed price in any fiat currency by requiring a variable amount of EziraCoin collateral to issue them. This collateral is used to back these assets and ensure that they are always redeemable for their face value in EziraCoin. This functionality has been successfully offered by the Bitshares blockchain for many years.
Ezira Posts
The Ezira social media platform will enable full identity posting with optional verification, pseudonymous posting, an anonymous posting to a variety of boards, and to profile pages. Identity service providers will be able to offer verification tokens for checking that a verified profile account has provided satisfactory identity documents. These tokens can then be used as a checking mechanism by developers if they choose.
Posts will be sorted using a variety of customizable formulas, based on votes, views, shares, comments, post age and the time since the post was last commented on. Posts will have the option of being private, only allowing certain connected accounts to decrypt the information to read the post. Posts have the option of having some part of the information encrypted, requiring a premium payment to access the content.
Platform Revenue Model
Platform users will have the ability to purchase monthly memberships with EziraCoin to access account benefits and have the ability to promote their posts on the platform using EziraCoin. The platform will earn revenue from these features, in addition to small trading fees on the decentralized exchange, peer to peer lending interest, premium content post payments, and fees when mediators are used to escrow marketplace payments.
Revenue earned by the network is used to buy and burn EziraCoin from the decentralized exchange, raising its price and reducing its supply. Through this mechanism, all holders of EziraCoin and EZIRA earn a share of the profit from the platform.
Ezira is based on the fundamental principles of Freedom, Transparency, and Community. Using state of the art proven technology, Ezira will offer users a feature-rich and elegant web, mobile and desktop interface to the most comprehensive platform for cryptocurrency empowered mass communication ever envisioned.
“Ezira is based on the fundamental principles of Freedom, Transparency, and Community. Using state of the art proven technology, Ezira will offer users a feature rich and elegant web, mobile and desktop interface to the most comprehensive platform for cryptocurrency empowered mass communication ever envisioned.”
– Harrison Mclean, Ezira – Founder and Chief Executive Officer
To learn more, visit: www.ezira.io
The Ezira outline describes the features of the platform in under 5 pages.
The Ezira whitepaper describes the technology and reasoning behind the feature set and structure of the network.
The Ezira Investment Thesis describes the business plan and revenue model, and value proposition of the network from an investor’s perspective.
Ezira is running a crowdfunding campaign to deliver the platform and distribute the EZIRA asset to a broad user base.
You can purchase a stake in Ezira at: www.ezira.io/crowdfunding
You can find Ezira on Social media:
Twitter: www.twitter.com/EziraNetwork
Telegram: www.t.me/EziraNetwork
Reddit: www.reddit.com/r/ezira