Post
Topic
Board Announcements (Altcoins)
Topic OP
[END] Proof of Reference
by
Zergity
on 15/01/2021, 15:17:27 UTC
Hi, I'm creating a new ERC20 token (END) with the following economic model:

Every Bitcoin transaction can be sent with memo text in an OP_RET output. This memo can be used to promote user brand in everyday transactions.
The Endurio Protocol is designed to create an incentive for Bitcoin users to include a small memo into their everyday transactions to promote any brand paid in the market.

To mine "SomeBrand" is to:
1. send a Bitcoin transaction with the first OP_RET data begins with “SomeBrand”, and wait for a confirmation,
2. relay that transaction to the Endurio contract on the Ethereum network.

https://raw.githubusercontent.com/endurio/media/main/btc-tx-mining.svg?sanitize=true

END Token Economic:
  • END’s initial supply is ZERO. No token is pre-mined. No ICO.
  • END is freshly mined only by successful mining "endur.io"
  • In the Brand Market:
    • END is required to fund user brand campaign
    • END is paid by campaigns to the miners mining user brand
  • In the Referral Network:
    • END is burnt to pay for rent.
    • END is paid as a commission for each successful mining.

Details document is here (temporary): https://endur.io

I just finished the contract code and unit-tests, waiting for the security audit. I'm starting to code a simple web-miner, where anyone can start mining using MetaMask, ezDeFi, etc.

Please follow and contribute to https://github.com/endurio if you are interested. Or email me at zergity@endur.io