EtherLite Official Channel

2021-07-01 09:43:30 How to swap xETL - ETL (IBCO holders)

1. Go to Metamask browser and visit Etherlite.org
(Make sure you are on ETHERLITE NETWORK)

2. Connect your wallet to the website

3. On the homepage, click “xETL (on ETL chain) Conversion”

4. Watch the video for the next step

Note:
We will airdrop ETL for the gas fee for all IBCO holders. Etherlite chain is fast so conversion will not take long. Open / Comment

2021-07-01 06:46:36 Tips for successful swapping

Clear cache to update the website

Edit gas fee to fast to fasten your confirmation

If you are swapping big amount, do the swap test in small amount
(Your funds are safe, so do not worry if ETL is not showing yet. Ask for admins help)

IBCO holders (May 15-June 30)
Please wait for your FREE ETL airdrop.

Pre-ICO holders (Make sure you have ETH for the gas fee

Patience is a virtue. Your ETL is going nowhere so relax Open / Comment

2021-07-01 06:21:51 How to swap xETL - ETL (Pre-ICO holders)

1. Go to Metamask browser and visit Etherlite.org
(Make sure you are on ETHEREUM NETWORK)

2. Connect your wallet to the website

3. In the homepage, click “xETL (on ETL chain) Conversion”

4. Watch the video for the next step

Note: As much as possible, stay on the page while waiting for the blocks to confirm. This is on Ethereum network so it will take time to process. If accidentally close, just click on status to check the conversion progress. Open / Comment

2021-07-01 06:08:16 IBCO is officially closed

The conversion guide for xETL-ETL is coming up in a few minutes! Open / Comment

2021-07-01 05:00:10 1 HOUR LEFT BEFORE THE ICO CLOSES

Coming up:
Conversion from xETL - ETL will open after all IBCO transactions are cleared up. Open / Comment

2021-07-01 04:41:37 FEW HOURS LEFT BEFORE THE ICO WILL CLOSE

Hurry and buy ETL now before the swapping goes live.

Another announcement is coming up. Exciting times! Open / Comment

2021-06-30 09:37:12 Why Proof of Stake

Sustainable and no energy waste.
Fast transaction speed
Cheaper gas fee
Earn rewards when you stake and help secure the network

Validators
Etherlite is a Proof of Stake-based blockchain that relies on validators to secure the network.

How to become a Validator

Node has to stake a minimum of 100,000 ETL.
The size of the node’s stake is proportional to its chances of getting selected to be the next validator.

Only 51,000 will be selected to become the next validator. Raising your stake will increase your chance to be selected.

Every validator pool has a balance of 30% validator and 70% delegators.
E.g.
100k ETL to become a validator. You can have up to 233k ETL for delegators (70%)

Why should you become a Validator

Every validator receives his rewards weekly.
Earn block staking rewards
Earn transaction fees in the Etherlite blockchain
Earn up to 18-21% APR

Delegators
Through Etherlite platform, a user can delegate ETL to a validator. A minimum of 1,000 ETL to become a delegator

Why you should become a delegator?
Earn block staking rewards for all blocks validated by your delegated validator


NOTE
More detailed information will be shared in the coming days. Open / Comment

2021-06-29 22:06:38 Great News

WETL (Wrapped ETL) is now live at ethereum.wetl.io

This is our first step in making Etherlite fully compatible with other EVM blockchains.

You can now access all Dex and DeFi on Ethereum. Swapping ETL to WETL made easy!

WETL will be on Uniswap soon! Open / Comment

2021-06-29 18:44:32 Professional cricketer David Miller on Etherlite

Check it out his IG
https://www.instagram.com/p/CQsjtKXlDjJ/?utm_medium=copy_link

#I_Support_EtherLite
#We4ETL $ETL Open / Comment

2021-06-28 13:12:47 How to easily swap your xETL to ETL
(IBCO holders)

1. Go to Metamask browser and visit Etherlite.org

2. Connect your wallet to the website

3. Make sure you are on Etherlite network when visiting the website

4. In the Etherlite.org homepage, you will find “Swap xETL”

5. You will see your xETL balance. Just click “swap confirm” to swap your xETL to ETL

Your ETL balance will now appear on your wallet.

Congratulations on successful swapping.

Note:
*Swapping Ratio 1:1
*You will receive ETL airdrop to cover the swapping fees
*Swapping starts July 1st London Time
*A more detailed step by step guide will be available once swapping goes live Open / Comment