All tokens issued into existence can be transparently consulted in real-time by anyone. All transactions can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms. No organization or individual can control ESSENCE tokens, and the network remains secure even if not all of its users can be trusted.
ESSENCE Tokens create mutually beneficial community based economic incentives to drive platform growth. Smart tokens with near instant settlement and zero transaction fees opens up new business models. Crypto essence is the basic unit of account on the Essence Platform blockchain. All other tokens derive their value from the value of ESSENCE. It can be bought and sold on crypto exchange, as a form of assets it can also be transferred to other users. As crypto essence is a assets.
