Respecting the decentralized nature of the blockchain and all its applications, it is
self-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 a
so-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 and
accessible to everyone. The smart contract code itself is usually open source (it definitely is
in the case of ethbox).
Because of the underlying blockchain technology, there is no way a smart contract can be
altered or tampered with. The only interactions a smart contract lets you do are the ones it
is programmed to do – Which, as mentioned before, is something that anyone (with some
programming knowledge) can check and validate at any time.
What ethbox does is provide a digital escrow service – It serves as a trustable, transparent
and always-valid intermediary between two parties willing to send cryptocurrency one way
or both ways. Instead of sending funds directly to each other, funds are relayed through the
ethbox smart contract.
This brings a level of security to cryptocurrency peer-to-peer transactions that is
unprecedented and invaluable. At the expense of just a small additional fee to be paid by
the transacting parties, ethbox offers the safety of not having to worry about a mistyped or
simply wrong recipient address ever again.
Without ethbox, funds that have accidentally been sent to a wrong address are lost
irreversibly, as the blockchain architecture does not allow transactions to be reverted. With
ethbox, 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
Q3 2020
Q4 2020
Q1 2021
Q2 2021
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Atención. Existe el riesgo de que los miembros no verificados no sean realmente miembros del equipo
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