What Is E$P Project ?
E$P Project The first reasonable question is what does ESP stand for? Education and Solar Projects. Though the roots of this project centred around Education and Solar Projects, there is more to the story, with a much deeper long term vision. At its heart, currencies are used for making payments. Here is really where focus remains. ESP has multiple meanings. Education System Payments, Energy & Solar Programs, Electronic Supply-Chain Payments and others
E$P Project This document will talk about how vision will create an ecosystem that will support both closed and fully decentralized use cases. Each use case is highly focused where feel E$P token provides utility. Their goal is to enable these different use cases with frictionless payments that reduces the overhead of traditional methods in both time, cost and effort.
E$P Project will not be just another one of those tokens. The look to have an extensive roadmap that leads to a native coin in the future supported by local exchanges for targeted use cases as well as a more global approach supporting flows between multiple blockchains through provided swap gateways.
E$P Project This is a living breathing document. As extend vision and fine tune execution strategy this document will be updated. will be guided by the industry, requirements of the ever changing crypto landscape, new technologies & markets with singular goal of providing utility and value.
E$P Project Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | E$P Project |
| Short Name | SCH |
| Circulating Supply | N/A |
| Max Supply | 500,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
The Why
Our goal is to make a significant impact on improving the effectiveness of the education system by using a technology driven ecosystem of products and services. One of the main issues in developing countries where Education services would be launched first is the simple fact that a large percentage of people do not have bank accounts, yet everyone has a smart phone. This is a perfect application for a utility token.
Over the last 3 years as discussed the ecosystem with educators and service providers it was obvious there are a number of challenges that can addressed by the utility token. These range from divorcing services from the credit card / payment processing side, creating a decentralized content delivery network (CDN) and creating closed systems for specific services such as pay to view and paid to watch services. Targeting an international audience, also raises complex issues of ForEx and methods of payments
The How
Clearly, have a wide range of reasons to create a utility token. There are many tokens already available in the crypto currencies space. The believe that there is no single token or currency that fits all. Making a utility specific token makes a lot of sense and narrows the focus of what we are trying to achieve. They are fully aware that Utility token will not meet every payment requirement and was not designed as such.
Closed System
For a service provider that will act in a more centralized fashion and wants to have control over the nature of the content and quality as an organization, provide specific marketing and support, a close system can be appropriate. This project will be launching such a system. The token will be used as the only form of payment.
Content providers will be paid in E$P based on negotiated rates and conversion factors provided by an oracle. They will earn based on total views of their content. This also encourages the Content provider to market their specific content alongside the organization. Content providers will also earn a percentage of “annual fees” paid by content consumers who select an annual membership.
Tokenomics
Supply
- Initial Minted Supply: 500 Billion
ERC-20 Tokens - Max Total Supply After Burning: 50
Billion Tokens - Seed Purchasers: Maximum of 12.5% of Token Supply (Restricted)
- Seed Purchasers Hold: 90 Day Hold with Incremental Releases Controlled By Smart Contract
Transaction Tax
- 1% of Each Transfer, Evenly Split between Token Burn and Random Allocation To Token Holders
- Transaction Tax is enforced in the Token Smart Contract and verifiable directly on the blockchain.
- The will be publishing burn totals once the Token is active in June 2021.
Buy Back
- 90% of interest generated by the various platforms will be used to purchase back and burn tokens from the public circulation. Reducing the total supply and increasing the intrinsic value of each Token.