Website

Exscudo (EON)

ICO

Last updated: May 04, 2018

An ecosystem that integrates cryptocurrencies into the traditional financial world and to create a single gateway to the market for common users, traders, investors and financial institutions. It consists of an Stock exchange, as well as a merchant, wallets, trading terminals, cards and a protected communication channel

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Overview

Project industry	Finance Services & Banking
Founded	Estonia
Whitepaper	Open

Technical details

Uses its own distributed network called EON, DePOS (delegated proof of stake) mining. The delegate is any user that sets up an EON node. A delegate needs to deposit 20 000 EONs on the node. Then he will be able to confirm (sign) the transactions. The block time is 3 min fixed. The reward depends on the number of transactions in the block and is determined by the algorithm. All accounts that participate in the generation are ranged in descending order of the parameter score=abs( Ai - hash'(Bprev.signature)), where Ai is the index of the i account. The hash function is used to increase the entropy. The first 5 accounts from the list are chosen. These accounts will be able to receive the award for the support of the network’s infrastructure. To receive the award, it is needed to release a corresponding transaction within the coming XXXX blocks. If the transaction isn’t released, it is considered that the account doesn’t meet its commitments towards the network, and the reward goes to the coin’s account (such a ‘tax for the infrastructure growth’).

What is Exscudo

- The crypocurrency trading platform for beginners and professional traders, financial institutions and institutional investors - Multicurrency wallet and protected messenger app (to be released in Q2 2017) - Merchant solution for the acceptance of crypto currencies for e-commerce businesses and internet services - User have Debit Card connected to his account and can exchange currencies in real time - All Exscudo services are connected to the liquidity center via the companys own blockchain EON - The sum person invests in ICO is equal to the sum he/she can trade daily with zero commission on the Exscudo exchange

Details

Public sales: Apr 23, 2017 - May 29, 2017
Raised: 5,300,000 USD

Legal

Registration country: Estonia

Token info

Ticker: EON
Accepted currencies: BTC
Token distribution:
Total token supply: 240 000 000 EON coins Crowdsale token supply: 62.8% Bounty campaign: 1% EXSCUDO team: 12% Advisors: 1% Supervisory board: 3% Technical tokens for stabilization of distributed network at the early stage: 20% Testing and bug bounty: 0.2%