About Eureka
EurekaCoin
EurekaCoin (ERK) is the native coin of its own PoS blockchain, the Eureka Network (eurekanetwork.io) and we have many projects preparing to build upon it using ERK20 and ERK22 tokens. The EurekaNetwork blockchain will not only be Proof of Stake itself ( meaning EurekaCoin in itself can be used to earn passively ) but other tokens/ sidechain coins will be able to be proof of stake in themselves securing their own network.
What makes EurekaNetwork Groundbreaking?
The ultimate question for any new blockchain is why use this it over say ethereum. Well EurekaNetwork is actually built using both ethereum and bitcoin technology ( parts of both blockchains ) therefore it’s just as user friendly as ethereum, it’ll be cheaper to deploy & of course it provides the ground breaking open source development of allowing other projects tokens to be able to build upon it and secure their own PoS network. So why is it good for projects to be able to secure their own networks? The answer is an economic one. Currently the profits of all transactions that a token built on the Ethereum blockchain generates, goes to Ethereum miners and that provides no benefit for the project. With our PoS solution it means that the stakers of those projects built on the EurekaNetwork get the reward and the project itself will benefit. That’s a very strong incentive for people to hold the token and to support the project. Every single transaction that takes place on the EurekaNetwork blockchain will actually burn some Eureka out of circulation. To enhance this it will have its own wallet, it's own prepaid cards and merchant api ( similar to coinpayments/ bitpay ) so EurekaCoin can be used by various businesses throughout the world as a means of payment.
EurekaX Centralised Exchange
Supporting all this is the EurekaX centralised exchange featuring the highest liquidity exchange by linking our order book with those of the top exchanges including Binance and OKEx. All projects that build on the EurekaNetwork will be guaranteed listing on EurekaX. EurekaCoin is a base coin on the exchange further adding to its demand and liquidity.
EurekaDEX De-centralised Exchange
The EurekaNetwork in Q2 2020 will also release its own built in decentralised exchange, EurekaDEX, that will again allow all tokens a trading platform to exchange on. Fifty percent of profits from this go toward buy back and burn of EurekaCoin. EurekaCoin will again be a base coin in this decentralised exchange.
PoS
As every PoS staker from every token/ coin of every project built on the blockchain receive EurekaCoin as the reward, this will add up to masses of people making mass adoption ( holders/ users etc ) inevitable.
The EurekaCoin will be used as a utility coin throughout a number of websites and that will also bring it further demand.
Having the best of both Bitcoin and Ethereum blockchains has other major benefits too. It means that no matter what Ethereum and Bitcoin ( which means pretty much everything else) go on to develop, we will be able to implement it into the Eureka blockchain if we determine that it will advance the network.
With only 150 million ERK ever in circulation as an initial supply, EurekaCoin will become more and more scarce with time while the demand will likely keep growing. 10% of the transaction fees of the network will continuously be burned until the circulating supply of EurekaCoin is below 1 million ERK.
Development and Humanitarian Foundations
Additionally EurekaNetwork has two foundations. One, The Eureka Tree of Life Foundation, is to support various (ever growing) self sustainable charities and humanitarian projects worldwide. The other foundation, The Eureka Development Foundation, is available to incentivise developers and marketers to continue growing the blockchain itself and the community for years to come.
So EurekaCoin is a utility coin to its own blockchain, and it own centralised and decentralised exchanges and it is an incredible store of value; it will be used from launch as a form of currency and it will aim for mass adoption. Don’t hesitate. If you missed other massive projects in their early stages then this is your chance right here, right now!
Key Dates
2019 Q2 Part 1
EurekaNetwork blockchain deployed, Eureka Wallets Released, Eureka Coins distributed
Q2Part 2
Project begin developing on EurekaNetwork Blockchain creating their own tokens/contracts and listing on EurekaX Exchange
Q3-Q4
EurekaX Centralised Exchange launched with Eureka Coin Pairing Among Others
Q3-Q4
Intergration of Mobile Friendly Wallet, Full Merchant API & Eureka Pre-Paid Debit cards
Eureka Development Foundation and Eureka Tree of Life Foundation Launched.
2020Q2
EurekaDEX Decentralised Exchange launched. Projects built on EurekaNetwork Listed on EurekaDEX Exchange 2019
Release of Side Chain PoS Development enabling projects to build as PoS Networks
Features
Decentralized Trust
A decentralized and open source DAPPs, smart contracts, and value transfer protocol.
Proof of Stake
Nodes are rewarded for validating transactions and there is no waste of value outside the ecosystem.
SPV Support
Simple Payment Verification techniques for greater efficiency and integration of mobiles in the ecosystem.
Decreasing Supply
The development company Polaris Universal LTD uses 50% its net profits to continuously buy back and burn the coin. 10% of the transaction fees of the blockchain are continuously burned.
Sidechains
Chains that run in parallel to the Eureka Blockchain offering endless possibilities and opening the door to lightning networks and payment channels.
Ready for Business Use
A scalable and reliable blockchain that allows for on-chain and off-chain development.The Eureka Blockchain is designed to allow for a Transaction Throughput Capacity of 10,000+ tps.
Team
DARREN BRADBURRY
Founder & Head Of Marketing
NABIL AMRANI
Founder & Crypto Specialist
NIHAL PATEL
Head Of Blockchain Development
TIM BROWNING
Head Strategic Partnerships
LIDIJA IKASOVIC
Head Of Support
DILIP PATEL
Head Of Backend Development
JOHN MATTIA
Marketing Lead
VICTOR AMOTO
Head Forex Trading
