"EpoxyDAO is like a glue which binds all the stablecoins." - Founder of EpoxyDAO
EpoxyDAOEpoxyDAO is a cross-chain Decentralized Finance Platform (DeFi) that merges all the existing stablecoins and issues a standard stablecoin PEX and its variant eUSD. EpoxyDAO is completely decentralized and managed by the community through Epoxy Governance powered by the governance token EPX. EpoxyDAO is a partial open source project and a Decentralized Autonomous Organization (DAO).A Decentralized BankEpoxyDAO functions like a bank where you can deposit your various currencies to get one standard currency. The key difference here is, unlike other traditional banking systems, EpoxyDAO is completely decentralized and managed by people around the world who have the governance token EPX. Right now there are a lot of stablecoins and new ones are being introduced frequently. Most of the time users get confused while selecting a stablecoin. In practical life, we never need hundreds of variants of the same thing, we prefer only one standard version. So EpoxyDAO aims to merge all the variants of USD pegged stablecoins and have one standard version.A Decentralized Central BankEpoxyDAO has been designed in a way that it can be used as a central bank. Traditional banks from the real world can actually use EpoxyDAO and do the interbank transactions and other transactions more efficiently. Banks can issue their own fiat backed ERC20 collateralization tokens and issue PEX and eUSD as standard or common currency.
PEX is more efficient as a reserve currency and eUSD is more efficient as a transaction currency. Collateralization token providers can be seen as the backers of PEX and eUSD. EpoxyDAO rewards EPX tokens for issuing PEX.EpoxychainEpoxychain is a separate blockchain that handles eUSD issuance, burning and transactions. The sole purpose of creating Epoxychain is to have a dedicated blockchain only for stablecoin transactions. It ensures efficiency, high speed, nearly 0 transaction fee and very high TPS (transaction per second) limit. Along with this, it is completely decentralized, borderless and trustless peer-to-peer (P2P) payment network. Epoxychain has the ability to beat Paypal, VISA and any other payment processors. It has been designed for 7.8 billion people around the world.Stablecoin eUSDeUSD is a cryptocurrency with a standalone blockchain (Epoxychain) and not a token. It is the main stablecoin of EpoxyDAO platform and is backed by ERC20 PEX at 1:1 ratio. eUSD can be seen as Electronic USD which represents a digital version of US Dollar. eUSD doesnt have a fixed supply and its supply depends on the amount of PEX locked in the TokenLocker contract. eUSD is issued when someone locks PEX in the TokenLocker and initiates a PoL transaction; and it is burned when someone initiates a PoB transaction and unlocks PEX. eUSD completely depends on the performance and value of PEX. If PEX is considered as a parent currency then eUSD is a child currency. eUSD is the best choice for everyday transactions and institutional transactions. It can be used to transact fraction of a cent to billion dollars for nearly 0 fee.Stablecoin PEXPEX is considered as the intermediate currency between Epoxy Protocol and Epoxychain. It is an ERC20 token on the Ethereum blockchain. PEX is backed by the existing stablecoins and meant to be pegged to 1 USD but its performance may depend on the performance of collateralized stablecoins. Anyone can generate PEX through eTreasury by locking their stablecoins. Once generated, PEX can be used as regular stablecoin or to issue eUSD. PEX is decentralized, unbiased and resistant to devaluation. The sole purpose of PEX is backing eUSD by merging all the ERC20 stablecoins. PEX cant be issued by governance, team or any factor other than locking stablecoins.EPX TokenEPX is the governance token of Epoxy Protocol. It plays the key role in the Epoxy ecosystem by controlling the Epoxy Protocol and balancing the value of stablecoins. EPX has a total supply of 100,000,000. EPX is used to make votes in Epoxy Governance. If an institution or a bank wants to introduce their stablecoin or collateralization token to EpoxyDAO, they will have to either convince the community to approve it or buy most of the EPX tokens to win the vote. EPX is a standard ERC20 token.Ethereum-Epoxychain (E2E) BridgeA blockchain bridge provides a connection that allows for the transfer of tokens or data between two different blockchains. Since eUSD is backed by PEX which is an ERC20 token on the Ethereum blockchain, we need to exchange data between Ethereum blockchain and Epoxychain to ensure that eUSD minting and burning process is decentralized and trustless. We have designed a bridge called Ethereum-Epoxychain Bridge or simply E2E Bridge for this purpose.IEO Round 1EpoxyDAO IEO Round - 1 will be held on P2PB2B exchange.
Period: 05-Oct-2020 to 15-Oct-2020
Allocation: 2,000,000 EPX (2%)
Token Price: 1.00 USD
Discount: 10%
IEO Link: https://p2pb2b.io/token-sale/EPX/1