Explore the potential "superstar" ELT and tap into the four major ecological values of Eternal

Eternal全球办行走 · 2023-12-10T01:37:20.000Z

Foreword: Two flowers bloom, each with one branch. In the crypto world, we can always see this situation: some platform coins have doubled in price, while some platform coins have gone to zero. Lucky people make a lot of money, while unlucky people have nothing left. For a time, discussions and reflections on platform coins became more and more intense. Why will platform coins gradually become the target of traders compared to altcoins? What is the logic of appreciation of platform currency? How to quantify the value of platform currency? Who are the “potential stocks” in platform coins? Before that, we need to know one thing clearly: the token is an incentive mechanism based on the new blockchain economy and is the core pillar to achieve decentralization. So how to enable global dispersed network participants to collaborate around a common goal in a decentralized network? This is the problem that token economics aims to solve. With the development of the industry, Web3 applications of multi-form scenario platforms and diverse participants have followed. In order to capture the value, platform currency has naturally become the primary key. As a relay currency between various currencies, it has some characteristics of a stable currency, but the fundamental reason is that the value of the platform currency is based on the platform, and the value of the platform depends on the overall response of the mainstream currencies. However, many times, due to people’s incorrect understanding in the past, they believed that the blockchain industry was a complete hype and even a malicious fraud. Platform coins and mainstream coins are actually the same thing in the eyes of most people, which makes Platform currency has become a new value depression. At present, in the crypto world, platform coins, as an important part of its ecological layout, are gradually becoming a "standard configuration", such as the well-known BNB, OKB, UNI, TIA, SOL, etc. Among these many platform coins , Eternal’s platform currency ELT is widely regarded as one of the most promising platform currencies, and as the bottom of the value depression, ELT has become the first choice for most people to buy platform currencies. 01. Small selling pressure + extreme deflation, the increase is more than a hundred times? It is reported that Eternal, as a comprehensive service platform focusing on encrypted computing power options, not only has BTC options and derivatives transactions, computing power products, computing power leasing, lending, NFT and other diversified Web3.0 ecology, and is also backed by Bitfarms Ltd, Canada's largest cryptocurrency mining company, which is wholly-owned and has strong financial strength and industry advantages. As early as August 2021, Bitfarms Ltd acquired the Canadian financial company Eternal and established a wholly-owned subsidiary to develop a comprehensive platform for cloud computing products and options. It is worth mentioning that Eternal has successfully obtained the MSB license issued by the Canadian Financial Intelligence Unit (FINTRAC), the US MSB license and the Australian DCE digital currency business license, becoming a trading platform with digital licenses from the three countries. Therefore, whether in terms of financial strength or compliance operation qualifications, Eternal is in a leading position in the industry, which plays a crucial role in endorsing the value of the platform currency. According to Eternal's economic model design, 9.5 billion ELT (platform currency, accounting for 95%) are used for option trading and mining output. This also means that the circulation of ELT outside is very small, and the natural secondary market The selling pressure is also very small, which is why the price of ETL can maintain a 1% increase every day. Although the increase is only 1%, if this increase is maintained every day, the exponential effect of compound interest is very considerable. Once the timeline is extended, will ELT increase by more than a hundred times? In addition, for platform coins, the supply side includes data such as the number of platform coins flowing into the market, currency price performance, market value, etc., and also includes the most important part: the token destruction mechanism. Because the platform makes money through handling fees and uses the profits to repurchase and destroy the platform currency, it further reduces the circulation in the market, thereby increasing the value of the platform currency. Obviously, Eternal has been relatively successful in this regard. It can also be circulated in multiple application scenarios, and procedures such as lending, pledge mining, computing power leasing in various scenarios, SWAP trading platform, cloud computing power mining machines, quantitative strategies, etc. Fees, of which 30% of the handling fees are used for repurchase and destruction, which greatly reduces the traffic of ELT. Eternal has created ideal rising expectations for the platform currency ELT through multiple empowerments such as repurchase/destruction and strict control of the number of ELT in the secondary market. This has formed a positive positive cycle with the rapid development of Eternal. This can provide stable support for Eternal's long-term currency price trend.02. Delayed equity empowerment has more room for imagination. Generally speaking, the platform coins of mainstream exchanges have been fully empowered in terms of equity. You can enjoy various rights and interests using platform coins, so the intrinsic value of these rights and interests is It has been reflected in the price of the platform currency, and the room for appreciation is limited. On the contrary, for Eternal's platform currency ELT, the current rights and interests are not fully empowered. With the opening of more rights and interests of ELT, users will be stimulated to increase their strong demand for ELT and enjoy the platform currency by purchasing or holding it. Granted multiple rights and benefits, and get real discounts. On the other hand, as more rights and interests of Eternal come online, it is actually empowering ELT one after another and improving the intrinsic rights and interests value of ELT. These value increases will inevitably be fed back to the market price of ELT and form the intrinsic value of its price. support. Therefore, it can be said that compared to a platform currency ELT that has realized various rights and interests, an ELT that is gradually expanding its rights and interests has more imagination potential and room for appreciation, and is currently in a value depression. In terms of expanding the application scenarios of platform currency, the platform currency issued first has an advantage, because after a long period of development, Eternal already has some partners, which can expand external application scenarios, including digital banking, NFT, DeFi lending, Computing power leasing, mining, financial management, etc. In the near future, Eternal will jointly negotiate with venture capital institutions, identify special purpose companies for SPAC, and pilot the layout of traditional finance based on investment and financial management, with fund managers or teams hosting funds through investment portfolios and quantitative transactions. It facilitates users to realize diversified investment strategies and empowers the implementation of the platform currency ELT ecology. In addition, according to Eternal's current development layout, in addition to working hard to improve the product line at the product level and launching a variety of activities at the user level to attract and retain users, it is also advancing its global compliance business and market processes. Screen and recruit high-quality merchants and strategic partners within the scope to expand the Eternal ecosystem and ELT application scenarios. It is expected that we will see the emergence of more ELT ecological scenarios in the future, including banking, financial derivatives, investment and financial management, public chains, computing power products, etc., which will also provide a steady stream of value and support for ELT.03. Behind the value is: decentralized platform currency. For every investor, when choosing an investment target to invest, they usually intervene before the project or company has officially developed and grown, so as to grow with the project. To obtain the huge potential benefits brought by the rapid growth of projects, we call such projects or companies "potential stocks" or "growth stocks." The same is true for current investments in the field of platform coins. Everyone’s ultimate goal is to choose platform coins that have potential and development prospects and have large room for appreciation but are currently undervalued by the market. Comparatively speaking, the price and market value of platform coins on mainstream exchanges have remained high. The tokens have been allocated by the market and have experienced a long period of circulation. The valuation level is relatively reasonable, and the potential for currency price appreciation has been relatively high. After being discovered, in the later period, the growth value can only be obtained with the development of the exchange itself. But for Eternal’s platform currency ELT, the total supply is 10 billion. 95% is produced by mining, and the remaining 5% Token is distributed to Partner LP in proportion. The distribution of ELT demonstrates the truly decentralized side of Eternal, as most crypto projects reserve a large percentage of the total supply for founding teams, advisors, and investors. ELT is almost completely decentralized, with no centralized entity or group holding a large number of tokens. In this way, when the interest groups of currency holders have not yet been formally formed, and the currency price and liquidity have not been truly released, it is the time to compete for land. It can also be seen from Eternal's recent frequent actions that it is constantly empowering the platform currency ELT, improving its rights and application scenarios, and improving its intrinsic use value and value-added potential. 04. Lay out RWA and build a value bridge. As a decentralized lending platform (protocol) built on the Binance Smart Chain blockchain, Eternal operates in the form of smart contracts, allowing users to borrow and lend cryptocurrency without permission. Real World Assets (RWA). During the loan process, the borrower needs to pay interest to the lender. At the same time, users can cash out stablecoins from their cryptocurrency assets and earn greater profits, and borrowing and lending can be quickly and seamlessly implemented for users. Simply put, Eternal users are able to enjoy the decentralized finance (DeFi) ecosystem without the interference of middlemen.But this is just its primary form. In the future, Eternal will serve as a bridge between traditional financial markets and the cryptocurrency world. For Eternal, cooperation with traditional finance means at least two benefits: Uncovering larger lending needs: Although the market size of existing cryptocurrency is growing rapidly, it is not as large as the traditional financial market in terms of volume. There is still a huge gap, and the original demand category of the DeFi market is still relatively single, focusing more on mining, arbitrage, trading investment, etc. in the currency circle. The asset volume and types, number of users, and demand categories in the traditional financial market far exceed those in the currency circle. The sooner Eternal intervenes, the sooner it can take on the huge amounts of funds and abundant demands from outside the crypto world, and achieve business success. Rapid growth. Get rid of the violent cryptocurrency cycle: Represented by Bitcoin, the rise and fall of asset prices in the currency circle are highly cyclical and fluctuate violently. Affected by this, even high-quality projects with clear markets and good cash flow will have their businesses It is inevitable that there will be huge fluctuations with the market cycle. Take Eternal's lending business as an example. In bear markets, upstream demand such as trading, mining, and arbitrage will fall into depression as the overall asset prices in the currency circle plummet. Eternal's business as a lending service provider will also inevitably shrink accordingly. But after opening up traditional financial businesses, Eternal's business will have a more stable market, which can provide ELT with a more solid price base. It can be said that Eternal has jumped out of the category of "conventional trading platform" and is more like a set of asset tokenization tools. It is not a single-function application. It is DeFi infrastructure and is used to support multiple high-level blockchains. Infrastructure for DeFi applications. In the future, Eternal is committed to creating a fair, transparent and innovative financial ecosystem to break down the barriers between traditional finance and the crypto world. For currency holders, they can obtain the stocks of the corresponding listed companies by purchasing tokens; for listed companies, they can tokenize their stocks, and even users who do not belong to their listed trading area can easily Purchase asset allocation to achieve cross-regional, cross-sector, freer and more efficient asset allocation channels. By then, with the perfect integration of Eternal and traditional finance, its ecosystem will usher in explosive growth. Will the price of ELT still be low?This is Eternal's ultimate form! Conclusion: Obviously, platform currency is essentially a carrier of value. The future value improvement of platform currency will be more reflected in the platform’s own performance, its own ecological development, and the implementation of application scenarios. In the future, as usage scenarios continue to expand and Eternal's ecological layout becomes increasingly complete, the use value of the platform currency ELT will also become greater and greater, driving a multi-layered growth flywheel and achieving incentives for all participants. If investors are optimistic about the future prospects of digital currencies, it will never be a wise investment choice to appropriately allocate some highly valuable platform currency assets before the next bull market.

Preface: Two flowers bloom, each with its own beauty. In the crypto world, we always see this situation: some platform coins have doubled in price, while others have returned to zero. The lucky ones have made a lot of money, while the unlucky ones have lost all their capital. For a time, the discussion and reflection on platform coins became more and more intense. Why, compared with altcoins, platform coins have gradually become the target of traders? What is the logic of platform coin appreciation? How to quantify the value of platform coins? Who is the "potential stock" among platform coins?
Before that, we must know one thing clearly: Token is an incentive mechanism based on the new blockchain economy and is the core pillar for achieving decentralization. How to make global decentralized network participants collaborate around a common goal in a decentralized network is the problem that token economics aims to solve.
As the industry develops, multi-scenario platforms and Web3 applications with diverse participants emerge. In order to capture the value, platform coins naturally become the primary key. As a relay currency between various currencies, it has some characteristics of stablecoins, but the fundamental reason is that the value of platform coins is built on the platform, and the value of the platform depends on the overall response of mainstream currencies.
However, many times, due to incorrect perceptions in the past, people believed that the blockchain industry was completely hype or even malicious fraud, and platform coins and mainstream coins were actually the same thing in the eyes of most people, making platform coins a new value trough.
At present, in the crypto world, platform coins, as an important part of its ecological layout, are gradually becoming a "standard configuration", such as the well-known BNB, OKB, UNI, TIA, SOL, etc. Among these many platform coins, Eternal's platform coin ELT is widely regarded as one of the most promising platform coins. As the bottom of the value trough, ELT has also become the first choice for most people to buy platform coins.
01. Small selling pressure + extreme deflation, the increase will be more than a hundred times?
It is reported that Eternal, as a comprehensive service platform focusing on crypto computing power options, not only has a diversified Web3.0 ecosystem including BTC options and derivatives trading, computing power products, computing power leasing, lending, NFT, etc., but also backed by Bitfarms Ltd, Canada's largest cryptocurrency mining company, which is wholly owned by it and has strong financial strength and industry advantages. As early as August 2021, Bitfarms Ltd acquired Canadian financial company Eternal and established a wholly-owned subsidiary to develop a comprehensive cloud computing power product options platform.
It is worth mentioning that Eternal has successfully obtained the MSB license issued by the Canadian Financial Intelligence Unit (FINTRAC), the US MSB license and the Australian DCE digital currency business license, becoming a trading platform with digital licenses from three countries. Therefore, whether in terms of financial strength or qualifications for compliant operations, Eternal is in a leading position in the industry, which plays a vital role in the value endorsement of platform coins.
According to Eternal's economic model design, 9.5 billion ELT (platform currency, accounting for 95%) are used for option trading margin calls, i.e. mining output. This also means that the circulation of ELT outside is extremely small, and naturally the selling pressure in the secondary market is also small. It is no wonder that the price of ETL can maintain a 1% increase every day.
Although the increase is 1%, if this increase is maintained every day, the exponential effect will generate considerable compound interest. Once the timeline is extended, how much more than a hundred times will ELT increase?
In addition, for platform coins, the supply side includes the number of platform coins flowing into the market, the price performance of the currency, the market value and other data, and also includes the most important part: the token destruction mechanism. Because the platform makes profits through handling fees, it uses the profits to repurchase and destroy the platform coins, further reducing the circulation in the market, thereby increasing the value of the platform coins. Obviously, Eternal has been relatively successful in this regard, and can also circulate in multiple application scenarios, and the handling fees generated by lending, pledge mining, various scenarios of computing power leasing, SWAP trading platforms, cloud computing power mining machines, quantitative strategies, etc., of which 30% of the handling fees are used for repurchase and destruction, greatly reducing the flow of ELT.
Eternal has created an ideal upward expectation for the platform coin ELT through multiple empowerments such as repurchase/destruction and strict control of the number of ELT in the secondary market, which has formed a positive positive cycle with the rapid development of Eternal. This can provide stable support for the long-term price trend of Eternal.
02. Delayed empowerment of rights and interests, greater room for imagination
Generally speaking, the platform coins of mainstream exchanges have been fully empowered in terms of rights and interests. Users of platform coins can enjoy various rights and interests. Therefore, the intrinsic value of these rights and interests has been reflected in the price of platform coins, and there is limited room for appreciation.
On the contrary, for Eternal's platform coin ELT, the current rights and interests are not fully empowered. With the opening of more ELT rights and interests, it will stimulate users to increase their demand for ELT, and enjoy the multiple rights and interests granted by the platform coin by purchasing or holding it, and obtain real benefits.
On the other hand, as more rights and interests of Eternal are launched, ELT is gradually empowered and its intrinsic rights and interests value is enhanced. These value enhancements will inevitably be reflected in the market price of ELT, forming the intrinsic support for its price. Therefore, it can be said that compared with an ELT that has realized various rights and interests, an ELT that is gradually expanding its rights and interests has more imagination potential and appreciation space, and is currently in a value trough.
In terms of expanding the application scenarios of platform coins, the platform coins issued first have advantages, because Eternal has developed for a long time and already has some partners, so it can expand external application scenarios, including digital banks, NFTs, DeFi lending, computing power leasing, mining farms, financial management, etc.
In the near future, Eternal will jointly negotiate with venture capital institutions to identify special purpose companies for SPAC, and pilot the implementation of traditional finance based on investment and financial management. Funds will be managed by fund managers or teams, and investment portfolios and quantitative trading methods will be used to facilitate users to achieve diversified investment strategies and empower the platform currency ELT ecosystem.
In addition, according to Eternal's current development layout, in addition to working hard to improve the product line at the product level and launching a variety of activities at the user level to attract and retain users, it is also promoting its global compliance business and market progress, screening and recruiting high-quality merchants and strategic partners worldwide to expand the Eternal ecosystem and ELT's landing application scenarios. It is expected that we will see the emergence of more ELT ecological scenarios in the future, including banking, financial derivatives, investment and financial management, public chains, computing power products and other aspects, which will also provide ELT with a steady stream of value and support.
03. Behind the value is: decentralized platform currency
For every investor, when choosing an investment target, it is generally necessary to intervene before the project or company has officially grown and developed, so as to grow with the project and obtain the huge potential benefits brought by the rapid growth of the project. We call such projects or companies "potential stocks" or "growth stocks."
The same is true for current investments in the platform coin field. Everyone’s ultimate goal is to choose platform coins that have potential and development prospects, have large room for appreciation but are currently underestimated by the market.
In comparison, the prices and market capitalizations of platform coins of mainstream exchanges have remained high, the tokens have been allocated by the market, and have been in circulation for a long time, the valuation levels are relatively reasonable, and the potential for appreciation of the coins has been relatively fully explored. In the later stage, they can only gain growth value through the development of the exchanges themselves.
But for Eternal's platform token ELT, the total supply is 10 billion. 95% is produced by mining, and the remaining 5% tokens are distributed to Partner LPs in proportion. The distribution of ELT shows the true decentralization of Eternal. Compared with most crypto projects, a large proportion of the total supply of tokens is reserved for the founding team, consultants and investors. ELT is almost completely decentralized, and no centralized entity or group holds a large number of tokens.
In this way, when the interest groups of coin holders have not yet been formally formed, and the coin price and liquidity have not yet been truly released, it is the time to scramble for territory. From Eternal's recent frequent actions, it can also be seen that it is constantly empowering the platform coin ELT, improving its rights and interests and landing application scenarios, and enhancing its intrinsic use value and value-added potential.
04. Deploy RWA and build a value bridge
As a decentralized lending platform (protocol) built on the Binance Smart Chain blockchain, Eternal operates through smart contracts, allowing users to borrow and lend cryptocurrencies and real assets (RWA) without permission. During the lending process, borrowers need to pay interest to lenders. At the same time, users can cash out stablecoins from their cryptocurrency assets and earn greater profits, and can also enable users to borrow and lend quickly and seamlessly. In short, Eternal users can enjoy the decentralized financial (DeFi) ecosystem without the interference of middlemen.
But this is just its initial form. In the future, Eternal will serve as a bridge between the traditional financial market and the cryptocurrency world. For Eternal, cooperation with traditional finance means at least two benefits:
Uncovering a larger demand for lending: Although the market size of existing cryptocurrencies is growing rapidly, it is still far behind the traditional financial market in terms of volume, and the native demand categories of the DeFi market are still relatively single, focusing more on mining, arbitrage, trading and investment in the cryptocurrency circle. The asset volume and types, number of users, and demand categories of the traditional financial market are far greater than those of the cryptocurrency circle. The sooner Eternal intervenes, the sooner it can take on huge amounts of funds and rich demands from outside the crypto world, and achieve rapid growth in its business.
Get rid of the violent cryptocurrency cycle: With Bitcoin as a representative, the price of assets in the cryptocurrency circle has a strong cyclicality and violent fluctuations. Affected by this, even high-quality projects with a clear market and good cash flow will inevitably see their business fluctuate greatly with the market cycle. Taking Eternal's lending business as an example, upstream demand in the bear market, such as trading, mining, and arbitrage, will fall into depression as the overall price of cryptocurrency assets plummets, and Eternal's business as a lending service provider will inevitably shrink accordingly. However, after opening up traditional financial business, Eternal's business has a more stable market, which can provide ELT with a more stable price base.
It can be said that Eternal has jumped out of the scope of "conventional trading platform" and is more like a set of tools for asset tokenization. It is not a single-function application, but a DeFi infrastructure that supports multiple advanced DeFi applications on the chain. In the future, Eternal is committed to creating a fair, transparent and innovative financial ecosystem to break down the barriers between traditional finance and the crypto world. For currency holders, they can obtain stocks of corresponding listed companies by purchasing tokens; for listed companies, they can tokenize stocks, and even users who do not belong to their own listed trading areas can easily purchase asset allocation, realizing cross-regional, cross-field, freer and more efficient asset allocation channels.
By then, with the perfect integration of Eternal and traditional finance, its ecology will usher in explosive growth. Will the price of ELT still be low? This is the ultimate form of Eternal!
Conclusion: Obviously, platform coins are essentially carriers of value. The future value of platform coins is more reflected in the platform's own performance, its own ecological development, the implementation of application scenarios, and other aspects. In the future, as the use scenarios continue to expand and Eternal's ecological layout becomes more and more perfect, the use value of platform coins ELT will become greater and greater, driving a multi-layer growth flywheel and achieving incentives for all participants. If investors are optimistic about the future prospects of digital currencies, it is not a wise investment choice to appropriately allocate some valuable platform coin assets before the next bull market comes.