Hello everyone, in this article I would like to talk about the project Epiphany.
EPIPHANY features help to prevent and reduce financial crimes such as money laundering and illegal financing on a global scale.
The mission of this project is : Assisting in the development of a transparent, secure, intelligent and compliant global trading network of digital assets. Epiphany contributes to economic growth by increasing circulation of digital assets globally while abiding by all regulations.
To become a first-rate global superior trading platform for digital assets; enabling licensed institutions to smoothly establish their own digital assets trading system within the Epiphany ecosystem; enabling each participant to trade with confidence and security; and enabling regulatory agencies to monitor Epiphany operations in real time to ensure openness, transparency, and compliance.
Features of the project:
Preemptive Rights on Projects (SUPER LABS)
Investors will be given preemptive rights as per terms stated in the equity investment agreement. If all investors’ preemptive rights are on pro rata terms, then each investor would receive proportionate allocations on the right to purchase. Should there be at least one investor with super pro rata preemptive rights; an equality clause will be triggered and all other investors will enjoy super pro rata privileges. For the sake of fairness, all investors will then be allocated rights proportionate to the number of shares held.
Discounts on Trading (Reduction of Service Charges for Trading / Withdrawal).Once a user has accumulated EPN over a preset amount, he/she would automatically be eligible for the discount (50% for the 1st year, 25% for the 2nd year, 12.5% for the 3rd year, 6.75% for the 4th year, and no discount for the 5th year) Service charge would first be converted into EPN units based on real time conversion rates and subsequently paid with EPN. Service charge for trading will be waived for qualified investors or investment institutions based in the USA (only certain states apply).
Buy-back Right. 20% of each quarter’s net profits will be used by the platform to buy-back EPN in circulation. The bought-back EPN will be destroyed and records will be published at the first instance, and is available for viewing through the blockchain browser. The buy-back will take place quarterly until 100,000,000 EPN units are destroyed.
Advantages of Epiphany:
Professional. Highly trained operation team - A professional team to guarantee stable operation of the platform round the clock, providing secure, stable and reliable trading environment for users
Intelligent. EPIPHANY’s Super AI enables the system to detect system loopholes and automatically implement intelligent optimizations. The Super Engine along with AI and the core database (trading data of digital asset projects on global trading systems) are adopted for information traceability, data mining and analysis
Secure. Complete risk control system - Risk control is performed before, during and after trades to guarantee user asset security.
Reliable. Strict multi-party supervision - A multi-party check on transactions and digital asset will be performed by the platform with financial supervision authorities. At the same time, a separate AML mechanism is established to protect the legal rights and interests of each participant.
Whitepaper. On the website of the project anyone can read the whitepaper in English. Link will be the bottom of the article.
Token information.
EPN is the token for EPIPHANY and it can be circulated on the blockchain.
EPN is not a currency; instead, it exists as a medium of exchange.
Epiphany and its network token EPN will be based on the NEO ecosystem infrastructure
Token distribution:
Roadmap. The website of the project presents a road map, calculated before the end of 2018.
Team. Also on the project's website there is information about the developers and advisers of the project, links to link-in are attached, so if you want, you can get acquainted with each member of the team in detail.
In conclusion, I would like to say that I am interested in this project, since financial crimes are a very important problem in the modern world. The Epiphany team offers a number of interesting solutions to this, so I wish them the best of luck in translating their goals.
