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Đecentralized Člub

AmA with EHash

EHash AMA Summary with Decentralized Club ✔️

Dear, Community,

Welcome to the recap of our AMA with EHash. 
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what EHash is about, we are sure this recap is gonna help you. So without further ado,continue reading 😉

✔️Introduction with EHash : 👉

Đecentralized Člub:
Q1. Can you provide some details of the founding team of Ehash ?

Nathan Li:
sure

The official website of EHash is https://ehash.co. EHash is an underlying asset that has benefited from the DeFi boom of the Ethereum network. All DeFi mining users are paying fees to EHash throughtheir trading activities. If DeFi continues to prosper without a vicious sudden cooldown, it can be asserted that EHash will continue to deliver very considerable benefits to its holders.

we’re a group of earliest Bitcoin & Ether miners in the mining industry, also early supporters of Bitcoin & Ethereum. We have a very large hashing power composition in the whole PoW network, both Bitcoin and Ethereum

BILLY:
I see .

Wow. That’s really impressive

Q2. Can you tell us what issues is Ehash planning to solve ? @NathanXLi

Nathan Li:
EHash is going to bridge the gap between crypto token trading community and the mining community. Overwhelming majority of folks here today probably belong to the former. And most of you haven’t practiced BTC or ETH mining before. correct me if I am wrong😃. EHash, on one hand, is a token that is accessible to everyone in the crypto trading community ; on the other hand, it represents the standard hashing power of Ethereum PoW network.

No such project in the space before.

To put it simple, you can do hashing mining by owning EHash

BILLY:
You are right. Majority in current crypto sphere are traders only. Only early adopters like you have tried mining

Nathan Li:
If you don’t understand how PoW mining is working, that’s fine. If you don’t know where to purchase an ASIC machine to mine Ether, that’s fine. EHash is a token that will give you the convenience to own your hashing power on Ethereum network. What’s more, it utilizes Ethereum, the turing complete EVM, using an onchain smart contract to allocate your mining rewards. Therefore, it’s convenient, simple, transparent and have good liquidity.

BILLY:
Nothing more simpler than this . Thanks for bringing us this gem of an opportunity to mine without the hassle !

Q3. In your pathway to achieve your goals what is the biggest hurdle you faced and what is the most significant milestone you achieved? @NathanXLi

Nathan Li:
We have a very long term vision for tokenizing the hashing power, that is the EHash project. Making EHash live is not so technically challenging, but how to promote and make people aware that EHash is something they can own to demonstrate their contribution to securing the Ethereum network and safeguard themselves from the turbulant Ethereum network activity is more important to us. (Of course, at the same time, EHash holders enjoy very high ETH mining reward, especially in this DeFi boom)

In one sentence, the most important task for EHash growth is to make more people learn, understand and own EHash. We have this belief that hashing power is the essential asset that will be owned by a majority of the population in the future. However, the crypto asset community right now are too obsessed with making quick money by playing different kind of schemes. We’ll continue to expand the EHash influence and popularity.

BILLY:
Very well said . 👏

Q4. What is Ehash’s plans for this year ? @NathanXLi

Nathan Li:
EHash just officially launched a few days ago. We’ll continue to grow EHash project in 2021. For example, we’re about to launch liquidity pool for EHash on Uniswap very soon. We’re also exploring some DeFi mining boost program to incentivize people to own EHash. We expect to have this program rolled out in one month.

EHash is also exploring derivative solutions for EHash holders to hedge the mining reward volatility. We’re actively exploring a product with a very prominent derivative trading team in the cryptoasset community. In about 3 months, we probably will be able to deliver a new product.

BILLY:
That pretty fast growth if you ask me . And i can see Ehash will keep expanding at a breakneck speed in the coming months

Thanks for the wonderful introduction to Ehash , Nathan!

🌍 Community ask question by Website 👨‍💻

BILLY:
Website question no 1.
From : Shashi Rana

Currently “Staking” is a very popular topic. Can you please explain the details about the token staking plan and the benefits of adding “staking”?

Nathan Li:
This is a good quesiton. We havent’ announced the staking mechanism and incentive plan yet. But yes, EHash will have a staking system. The major reason is that we want to make EHash tradable on DEXes like Uniswap. As you know, EHash is an ETH yielding token. However, Uniswap is not so well designed that it locks EHash holder’s mining reward in its smart contract if you use EHash directly on a Uniswap Liquidity Pool. Therefore, we’ve come up with a solution to solve this problem. Details will be released soon.

BILLY:
Website question no 2.
From : @belkysgonzalez

Until now, have you partnered with other crypto projects? Do you want to work with other projects to help grow EHash and enhance it?

Nathan Li:
For question №2. As I’ve mentioned, we’re exploring a product with a prominent derivatives trading team in stealth mode.

At the same time, we’re actively talking with top decentralized lending platforms to enable EHash collaterlization and borrowing. Since holding EHash can automatically receive the ETH mining output from the smart contract every day, EHash can be regarded as an ETH yielding asset. As EHash is the standard Erc-20 token on the Ethereum network, there is a lot of room for income enhancement.

For example, EHash holders can go to a DeFi lending platform to collaterilize EHash to obtain lending interest income, at the same time borrow USDC at low interest rates, and then swap them into EHash on DEX. At this time, the user’s income from holding EHash = EHash APR×Leverage Ratio + lending EHash APR — borrowing USDC APR, thus gaining enhanced return.

BILLY:
Website question no 3.
From : @lzamg

It is known that Ethereum has really high fees and slow transactions. Does those issues affect negatively the EHash project?

Nathan Li:
Absolutely not. On the contrary, EHash provides a way for people to hedge the high gas fee of trading on Ethereum. All DeFi mining users are paying fees to EHash through their trading activities. If DeFi continues to prosper without a vicious sudden cooldown, it can be asserted that EHash will continue to deliver very considerable benefits to its holders. Think about it. DeFi crazy folks all pay those high gas fees to Ethereum network guardians and workers. As EHash is part of the Ethereum mining power, it benefits a lot from the DeFi boom. We can conclude by saying that: “EHash mines those who do DeFi mining”.

BILLY:
Thanks for the well detailed answers Nathan

✍️ Telegram live Questions answered by EHash ✔

bonteng:
🌟Q.Who is your investor? How do you generate revenue to sustain the project? What are your goals to the end of 2021 and beyond?

Nathan Li:
EHash doesn’t have any investors. And unlike most blockchain projects, we don’t have any ICO or private sale neither. We don’t generate revenue to sustain the project. EHash represents hashing power

뮤ㅑ디ㅣ!!!!!:
I have 1 Question sir 
Your project is built based on eth mining which still uses the PoW System, How will your project continue when ETH has entered v2.0?

Nathan Li:
This is a very good question I want to address for sure. EHash will ever-last as long as the Ethereum PoW network exists. But what will happen after Ethereum transition to ETH 2.0? First of all, I don’t think ETH 2.0 will happen any time soon. I am a tech guy and treat technology & system security very seriously. I think ETH 2.0 might never become true. Even if it matures, PoW network might become one Shard of ETH 2.0. What’s more, if the Ethereum core developers give up PoW and want a hard-fork. The PoW Ethereum network still exists. In summary, ETH 2.0 doesn’t mean the death of PoW Ethereum. As miners, we always believe PoW is so far the most reliable way of decentralization and consensus security

Lorenzero:
Security is always the top task of projects. But lately, a lot of cryptocurrencies and blockchain have been appropriated by hackers. What security measures does your project have in place to avoid the possibility of being appropriated by hackers?

Nathan Li:
Yes. code security is very important. EHash first of all is audited by top auditing firms. Second, we did some attack simulations as well. As long as the Ethereum network is secure and safe, EHash smart contract is safe. We are trying to make teh smart contract as simple as possible, thus less suseptible to attacks.

seskiaaa:
✨✨Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?

Nathan Li:
yes. We take community support very seriously. As I’ve mentioned just now, our vision is to let the majority in the crypto space know what hash-mining is and own EHash as a way to own Ethereum hashing power. We have several community building plans on the way. If anyone have good suggestions, you can join our telegram channel and talk with our community manager there.

https://t.me/EhashGlobal you can join our telegram channel here.

Dana kata jin:
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Nathan Li:
Please be aware that EHash is an ever-lasting hashing power pegged token. It isn’t like any other crypto projects that have a predefined total supply or distribute free tokens to advisors, or investors etc. As long as you hold EHash, you can earn ETH mining rewards, without any hassel

✔️Thanks to all of our Community Fans✔️

Have a Great Day

Edited by : 🌿DK✍️

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