In general, there are two types of applications built on Elementh. The first category is a financial application that offers a good opportunity to manage and participate in contracts using cash to users, including online and offline product and content purchases and sales, as well as the tokens found in the Elementh software. The second category is non-financial applications such as identifying imitation / counterfeit products in the supply chain.A decentralized market with an Elementh center.
Based on the Elementh blockchain, every market will allow sellers to use existing product cards without creating new products. Product ownership data allows you to exclude counterfeit goods sold on the market. Integrated product cards will make it easy to find the lowest price for the product. At the same time, it becomes possible to pay using the crypto currency.
Follow the movements of the goods.
Look for things in geographical location. The dealer information found at Elementh Block allows you to find the most appropriate point of purchase for any product.
Decentralized message delivery The message sending feature allows you to communicate directly with attendees. These systems of exchange, bidding, individual buying conditions, etc.
Store designer; This system, which has all the necessary data to create a store, allows you to create a decentralized image for each vendor in the system.
Incorrect search; The data of all chain participants will make it possible to monitor the appearance of counterfeit goods as the property of the goods is transferred.
Banking Score; Access to all transactions made from each participant system will provide immediate value to the seller and will enable the banking institutions to establish credit systems and overdrafts.
Different vertical Blockchain items; can be used by service providers such as hotels or airline companies with ticket coupons, coupons or coupons to store and track information.
Protocols DPOS
According to the autonomous centralization concept of autonomous DAC companies, centralized means that each shareholder has an influence proportional to the number of shares, and that the decision to be made by selecting 51% of the shareholders is irrevocable and compulsory. The challenge is how to reach 51% of the verification threshold in a timely and effective manner.
To achieve this goal, each shareholder delegate may have the right to vote. 100 delegates with the highest number of votes represented form a block according to a specific plan. A time slot is allocated for each delegate block production. If it does not produce a single block, the sequences are skipped and the next delegate creates a block according to the list. All delegates receive 10% of the average size of the transaction commission. If the middle block contains 100 sharing costs, the representative will receive 1 share.
The possibility of network delay can lead to the inability of some delegates to produce blocks at the right time, leading to a chain-split block. However, in practice this is not possible, because one representative can directly contact another delegate and follow it in the chain. With this model, new blocks can be created every 10-30 seconds and under normal network conditions, block-chain partitioning is not possible or can be fixed in minutes.
Mission;
Elementh's goal is to create alternative protocols for decentralized application development used by e-commerce, to provide standard quality naming, to guarantee the ownership of certain products, and to provide the ability to make custom smart contracts for e-commerce.
Elementh will accomplish this by creating block chains with the Turing-complete built-in programming language, writing smart contracts and decentralized applications, enabling the use of integrated product cards, e-commerce transactions and private transfers.
Rewards for Blocks
Blockchains will use the Elementh software and will be provided with new coins from the block manufacturer when the unit is created. Elementh software can be configured to allow block producer payments to be limited, so the number of annual increases in the number of tokens does not exceed 5%.
Blockchains will use the Elementh software and will be provided with new coins from the block manufacturer when the unit is created. Elementh software can be configured to allow block producer payments to be limited, so the number of annual increases in the number of tokens does not exceed 5%.
Let's explain the advantages with their own words, quoting from whitepaper;
Another important advantage of the Elementh team is the significant experience that has been working with both the B2B e-commerce market and real customers since 2012. It is also conceivable that different markets can compete with the Elementh project because they can be developed without Elementh, but they can still operate on the same market. It is very important that the Elementh team is in common with all the decentralized market places that are or will soon be.
The main advantages of Elementh are:
- the Salescha
- Unified product classification (including product matching algorithms)
- Real-time and historical data on stock inventory and price
- Very industry-focused
- Working work
ROADMAP;
Token information;
The coin system can be used in many applications. Implementing the coin system in the elementh block is easy. To better understand the coin system, you can imagine a database with just one operation: Take A from X and transfer it to B under the following conditions: 1) A has at least X before processing. and 2) the transaction is approved by A. The implementation of this system requires that intelligent contracts be applied with the above logic.
- EEE, ERC-20 standard
Total supply: 303 000 000 EEEprivate pre-sale / pre-ICO tour: closed. 910 ETH gathered.ICO preliminary stage start date: February 15, 2018 12:00 UTC
ICO prepayment end date: 31 March 2018 10:00 UTCICO end date: April 1, 2018 12:00 PM
UTC
ICO soft cover: 10 000 ETH
ICO hard cover: 30 000 ETH
ICO price: 1 EEE = 0.0002 ETH
ICO bonus scheme: Day 1: 30% Token, Day 2: 15% Tokens
There is no minimum or maximum amount to participate in the ICO phase.
Tokens will be distributed to ICO during the purchase phase. All unsold tokens in ICO phase will be burned.
Coin distribution:
217 500 000 (71,78%) EEE - buyer
45 000 000 (14,85%) EEE - team
40 500 000 (13, 37%) EEE - partners and consultants
contact information;
Website: https://elementh.io/
Author by: Hellokitty6
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