Respecting the decentralized nature of the blockchain and all its applications, it isself-evident that a service such as ethbox needs to operate in a decentralized way as well,not depending on any third-party instance for validation. This is guaranteed by the use of aso-called “smart contract”.To put it simple, a smart contract is a program that runs on the Ethereum network.Everything that goes on inside and around that smart contract is transparent, visible andaccessible to everyone. The smart contract code itself is usually open source (it definitely isin the case of ethbox).Because of the underlying blockchain technology, there is no way a smart contract can bealtered or tampered with. The only interactions a smart contract lets you do are the ones itis programmed to do – Which, as mentioned before, is something that anyone (with someprogramming knowledge) can check and validate at any time.What ethbox does is provide a digital escrow service – It serves as a trustable, transparentand always-valid intermediary between two parties willing to send cryptocurrency one wayor both ways. Instead of sending funds directly to each other, funds are relayed through theethbox smart contract.This brings a level of security to cryptocurrency peer-to-peer transactions that isunprecedented and invaluable. At the expense of just a small additional fee to be paid bythe transacting parties, ethbox offers the safety of not having to worry about a mistyped orsimply wrong recipient address ever again.Without ethbox, funds that have accidentally been sent to a wrong address are lostirreversibly, as the blockchain architecture does not allow transactions to be reverted. Withethbox, transactions can be reverted anytime, as long as they have not been fulfilled(= picked up by the recipient).
• EBOX is a deflationary token, guaranteed by buying back and burning part of the generated fee.
• Reduced service cost / fee for all ethbox services by holding EBOX token
• Staking generates passive income for EBOX holders for 4 years following token generation
• Regular payout of profit share to EBOX token holders
• Governance gives voting rights for upcoming project-related decisions and enables EBOX holders to actively participate in the development of ethbox
Attention. There is a risk that unverified members are not actually members of the team
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