What Makes EPoS Different? (Bag EgonSwap Token now and convert | Eagle Network Announcement
What Makes EPoS Different? (Bag EgonSwap Token now and convert to EgonCoin 1:1 at mainnet)
EgonCoin BlockChain(EPoS) is EVM compatible BlockChain which means all the Ethereum coded Dapps & Smart Contracts can be Ported into EgonChain at ease.
EgonCoin (EGC) will be used as the main utility of Eagle Network. EGC will also play an important role in the upcoming Self-Custodial EgonExchange on the EgonCoin BlockChain.
EgonCoin powers the whole Eagle Network ecosystem as it is the native coin of EgonCoin BlockChain which is used to pay transaction fees, to issue new tokens, to send & interact with Dapps and much more.
3 Facts on EPoS vs DPoS
1). No Delegation EgonCoin BlockChain is based on the Delegated Proof of Stake (DPOS) consensus mechanism without delegation. Instead of delegation, EgonChain is offering Elevator Stake Dapp where users will Stake their EgonCoin & Earn. So, EgonCoin BlockChain will use Elevated Proof of Stake (EPOS) as the consensus mechanism. Fixed 20% of EgonCoin max supply is allocated for Elevator Stake Dapp.
2). No Block Reward DPoS has Block reward which is distributed to validators. From this Block reward users who delegate to a certain validator earn a share from total reward allocated to that validator. But EPoS do not have Block reward. The Elevator stake dapp effectively replaces the Block reward.
3). Fixed Max Supply EPoS has max supply while DPoS do not. EgonCoin Blockchain is hard-coded with a fixed supply of 271 million, Unlike DPoS in which the supply increases with each Block. The EPos algorithm enables burning part of transaction fees on the fly. Also a quarterly burn will be implemented for EgonCoin (EGC) to make the supply scarce.
What Will You Choose? A Deflationary BlockChain Coin or other coin with unlimited supply?
Grab the Opportunity to get Free EgonCoin by Buying EgonToken as much as you can.
What our Community Experts think will be the price of EgonCoin after 3 years ?
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