AMA RECAP : CRYPTO CHALLENGERS x ECOWAY
Venue : CryptoChallengersD
Date : 16APR 2022
Time : 03:00 PM UTC.
They shared detailed information and his opinions about the project ECOWAY
SEGMENT 1 INTRODUCTION.
1. Could you Guys please provide a quick self-introduction for the community ?
We are a team of developers, engineers and tech people with many years of experience. Most of us early crypto adopters, professionally in mining since the beginnings of Ethereum ($ETH). Combining our expertise we have created one of the most recognizable companies in the European Union specialized in building custom, large-scale ETH mining solutions (NG Project).
Everything changed about a year ago, when we first learned about the Proof of Spacetime adoption by Chia (XCH) and the team behind it. We immediately started a thorough research, as we all had the feeling that we found something unique, with a huge potential.
It didn’t take long for us to change our focus and after a year of development we offer access to Farming (mining of ecological cryptocurrencies) through staking of ECY Tokens on our platform.
2.Can you briefly introduce the project ECOWAY what are some of utlities of $ECY ? How do you think you stand out among the competitors if there are any?
1️⃣ Practical application
ECY token is not only a cryptocurrency for speculation. First and foremost you can stake it on our platform, and instantly become a Farmer. Whenever you want you can end the staking process and, in future, sell it through exchanges.
2️⃣ Farming many cryptocurrencies at the same time 🚜
As you become an EcoWay farmer you are not only farming Chia network, but practically all of its available forks. Forks are various independent other cryptocurrencies that have been created on the Chia blockchain, and we have a privilege to farm them from the very beginning. Who knows? Maybe one of them will grow 100x times?
3️⃣ Beginning of impressive adaptation 💸
We are at the very beginning of the adaptation of the Chia Network and its forks. The past teaches us that those who are present at the beginning are the biggest winners. We’re here before the market is already hot, but when proof-of-spacetime consensus is already getting a lot of traction and interest on the market.
4️⃣ Team of experts here for you 🚀
Join us on our social media channels. We invite you to meet and talk. EcoWay team are experts from different fields of business and technology, all passionate enthusiasts of blockchain technologies.
5️⃣ Environmentally friendly 👨🏻🌾👩🏻🌾 🌱
Proof of Space and Time consensus is a true revolution. It requires only a minimal amount of energy compared to traditional mining. It’s a truly enviromentally-friendly way of mining — hence it’s called farming. EcoWay Farm has its independent energy source that comes from our own photovoltaic installation of nearly 2 megawatts. We strive to be the most ecological farming project in the world and constantly develop our solutions to be as efficient and effective as possible.
✅ But the crucial one I think is the Real Infrastructure 💻
EcoWay has its own physical infrastructure, which is located in the European Union. Every ECY token is represented by 1 physical plot on the EcoWay infrastructure.
3. Can you share the achievements the team has made so far ? what are the major achievement target ECOWAY is yet to achieve . If possible also share your roadmap.
We have already finished designing and building the EcoWay infrastructure before the start of the ECY Token sale, so now we can focus on further optimization of its performance and expansion. The final goal of the EcoWay project is to complete all the current roadmap goals including successfully closing all the public emissions.
Please find our roadmap here:
And all the details in our Whitepaper:
4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?
The EcoWay founders team consists of an expert with years of experience in the cybersecurity sector. We have access to, and cooperate with the best in business to have our network, platform and smart contract audited and secure. Our operation is focused on the highest quality of hardware and software solutions we develop and delivering exceptional service for our clients.
5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
Please find our tokenomics here:
SEGMENT 2 TWITTER QUESTIONS.
Q1) I want to know that How strong is EcoWay team ? I saw many projects got started with a cool and good impression and later the project got abandoned the project. Also What makes EcoWay just different from others?
EcoWay team has been providing services in the European Union for over 7 years. We proceeded to tokenize what we were doing on a daily basis. Additionally, we invested our own capital of over $3 million.
We entered the market with a finished product and not just an idea.
Q2) Why did people hold $ECY token for the future? Whats the difference to other? Some coin/token will dump after the presale, how did your team handle this? How do you find a way to change the dumpers to become a holder for this project?
$ECY is not a classic token and in our opinion is much less vulnerable for pump and dump.
Each $ECY Token is backed up with mining power. If the price ever reaches “floor”, users will just prefer to stake and earn assets, as that will be more profitable than selling the $ECY Token.
Q3) Mining requires many devices and a high-cost system in the physical space. How will EcoWay cope with these high costs and challenges and increase revenues?
Proof of Space and Time consensus based protocols consume much less energy. For a comparison: 820 000 USD worth of PoSt infrastructure consumes only 4–4.5 kilowatts per hour. Compared to PoW based Ethereum mining this is over 10 times less.
Q4) Can you explain the process of how I can stake my $ECY tokens on your Staking platform? Is there a minimum amount to stake? And can you also explain what is a “Chia (XCH) farmer”? What benefits me from being one of your CHIA FARMER?
Staking on EcoWay platform is simple and easy, all you have to do is purchase a $ECY token on https://ico.ecoway.org. There is no minimum, you can stake from 1 $ECY. After receiving the $ECY token on your wallet all you have to do is to visit https://stake.ecoway.org and stake your token on the platform.
Q5) Which cryptocurrencies can be mined through the EcoWay system? and as clients start to increase your projects year on year, what are your plans to ensure the transaction has sufficient liquidity to meet market orders?
Chia Network is the main focus of EcoWay farm but we also already farm more than 40 other cryptocurrencies based on the Chia protocol. Some of them are already showing great potential for the future. EcoWay infrastructure can farm (mine) all PoSt protocol forks based on the Chia Network.
SEGMENT 3 TELEGRAM LIVE.
Do you have a AUDIT certificates?
are you working to AUDIT Your project, so that the security of the project becomes more secure and reliable?
[In reply to Turgut ÖZAL]
Yes we are in cooperation with nextrope.com company. They provide a secure software and security audits. We have plans to public some of our audit in near futures.
Can you list 1–4 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
[In reply to Habib Pro]
1. You can buy token and earn immediately from staking / farming
2. We have no vesting on our tokens, no lock on staking, you can unfroze your tokens anytime.
3. We invested our capital worth nearly 3 000 000 USD before we proposed our offer for market.
4. We collected nearly 2 mln USD in private sale and already developed ready and functionable product with easy access for users.
I am interested to invest in Your project. When and where can I buy Your Tokens? Is it already listed on any exchanges?
[In reply to 𝙰𝙻𝙾𝙽𝙴ㅤ𝙱𝙾𝚈]
You can purchase $ECY token by visiting www.ico.ecoway.org, You can buy up to 12 500 EUR without KYC verification.
Where I can get the latest updates or more information about the project?
Hi.. sir. (Q
You can share with us the link for your project in all these projects???
Latest updates and more information about the project:
Q5) — Very good question in our opinion
The crypto industry is a fast-paced industry, how flexible is your Project to change quickly and keep pace with technology trends? What is your long-term vision for the industry in which your Project operates?
Revenue is an important aspect for all projects to survive and maintain Project/Company, How have you been able to build a complete project? What’s the income model?
The EcoWay project is an investment in a protocol that is very likely to be an important part of our future. Today we already know that our assumptions were correct, as the global emissions reporting system will be based on Chia. We are at an early stage, we think we have discovered something special. In the world of technology, being early is often the key difference in success.
We have built a complete project before releasing any offering to the market with our own capital. The income model is detailed in the White Paper -> https://www.ecoway.org/assets/Whitepaper.pdf
and is based on ecological cryptocurrencies mining.
It was pleasure to answer your community questions, we cannot answer every question in a short session on AMA thats why we would like to invite you to visit www.ecoway.org and our social media.
Thanks again and have a good rest of weekend