It has been an awesome day for me, I hope you guys are also enjoying yours over there. I want to quickly share with you guys an awesome project that want to bridge the gap of trading ERC20 tokens especially new projects tokens that often have many delays in getting listed in centralized platform which most times investors don't always happy about delay in listing. An average investor want to access quick liquidity for its investment and this always make sure the excitement about the project continues if there is start liquidity, thanks to the team of Ethershift with this their amazing idea that will always provide instant liquidity for ERC20 token holders and offer them a platform for hassle free instant trading experience.
What Is Ethershift?
Ethershift is an exchange service platform that gives ERC20 token holders for easy exchange between different ERC20 tokens at the exact market rate without paying any fee and without having to go through difficulties of signing up on an exchange or learning how to use exchange platform like Forkdelta and IDEX. Yes, decentralized exchange has done good things for the industry and they are quietly amazing, however many Cryptocurrency traders feel that they are too difficult and this has caused many projects not to get the much needed exposure and trading from them. Ethershift is stepping in now to make sure the process of acquiring the best and new upcoming ERC20 tokens more easier and simpler than ever before. Thanks to this new initiative with which you don't need to register for account, neither will the platform collect customer data nor will they request for know your customer (KYC).
How It Works?
For any users to trade a token Ethershift platform, he or she will have to send the token to a specialized address which will gives you an indication of the token you wish to collect back. After you have initiated the transaction by sending your token to the specified address and have indicated the token you want back, the exchange value of the token will be send back to the address from which you sent your token from. This amazing way of exchanging ERC20 token assets was made possible by implementing the exchange by using hot wallets and then later mirroring the trade at an equivalent rate at the point of execution. Ethershift will take a little cut of the profit which is half of the token inputed that is, half of it in the form of the output token which will count for the risk of exchange rate changing. Ethershift will also makes it possible for third-parties who want Ethershift services to integrate it in their own systems and receive 50% of the profits through Ethershift public API. This backend service of Ethershift is a unique application written in Node JS and running on Amazon EC2. A full node will be installed in the server for accessing Ethereum network and the backend service will interact with it through its own JSONRPC API. Keeping track of the profits will be possible by making use of SQL database.
Ethershift Tokens
Ethershift also has its own native utility ERC20 token on Ethereum blockchain. This token will represent 50% of all fees that will be collect by Ethershift. Once the platform start operating, the 50% collected by Ethershift will be quarterly airdropped to holders of their tokens and the first Ethershift airdrop will take place in March 31st, 2019.
The maximum supply of the token is 15,000,000.
3,000,000 allocated for marketing, promotions, giveaways, bounties and advisers.
3,000,000 for the project team members and early investors.
9 000,000 allocated for the three rounds ICOs and if any of the round does not meet its Hardcap, the remaining token of it will be burn.
For more information about the project, check any of the following links below below:
