Quote from: magisterr on October 17, 2018, 04:24:44 AM

Quote from: fancybread on October 16, 2018, 09:01:04 PM

Quote from: magisterr on October 16, 2018, 09:03:27 AM

In fact project look promising. They have pilot project with Finland government. But I dont know - how many times this can takes? And tokens will be needed for this or no? And why they not adding new exchanges? Its almost impossible buy tokens, because Bilaxy and Bitforex have fake volume, and Bitfinex just for big traders. They must add Kucoin, Bibox, Huobi and would be nice to see Binance Huh

Hey Magisterr,

The first version will not use the tokens but the Team will discuss future implementations down the road. Be sure to check it out in the team's last AMA on Reddit here:
https://old.reddit.com/r/essentia/comments/9khnad/technical_ama_with_the_essentia_team/

So, you sold tokens, raised money, and now said that tokens will be not used in your platform? This look like a fraud! You raised money and sold useless tokens to investors? Huh

Allow me to clarify the response

In regards to the Finland pilot, the team are first going to use Ethereums blockchain. After the mainnet release, the team will switch to Essentia. Regarding the tokens: in the first release, its a no for sure. But the team are discussing the possibility in the next releases. As fancybread recommended, you can read the AMA she linked to you to see the full Questions and Answers session to get lots of information and the full context of this conversation and information.

Don't fear: ESS have an extensive token utility on the Essentia Network:

1. ESS token can be used to access and manage the industries most revered dApps and decentralized services within the Essentia framework.

2. Individual actions performed on the protocol will require a small payment of ESS. The token will grant users the ability to interact with Essentia in a variety of ways and to pay for various services.

3. ESS holders can utilize computing power to earn tokens through Masternodes.

4. ESS tokens form a critical component within the Essentia Framework. They incentivize active and positive participation, disincentivize bad behavior and create an equitable and transparent rewards system.

5. Additional use cases for ESS will be introduced including governance and reputation management.

6. The Essentia protocol brings interoperability on a scale that has never been achieved.

For a more in-depth explanation of token utility, please check out the following article: https://medium.com/essentia_one/heres-why-ess-tokens-have-among-the-strongest-utility-in-the-market-ddf5e9bd53e9