Topic: [ANN] Element Zero Payment Network & Algorithmic Stablecoin Platform - page 4. (Read 1078 times)

We wholly disagree for when you create a solution you need to design it for the long term or you are putting token holders at risk. Not only are the current solutions very centralized, what happens to currencies like Tether when Uncle Sam issues USD? Why would someone trade for your tether when they can go right to the US Government?

I will address in deeper detail by updating this post later.

Hi, I am German and I also work at Element Zero. Like Kyle said, what we are building is completely different because we are tackling inflation from the very beginning.

I have lived in Argentina for a few years, so I have experienced inflation firsthand. I know what a 40% inflation rate really means and how it affects peoples lives and that is exactly why the team decided to create a not-for-profit platform which could allow anyone to create their own stablecoin, even governments.

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Element Zero is not just another of those "stablecoins".
We actually provide true stability. This article explains the difference: https://medium.com/element-zero/the-search-for-a-true-stablecoin-institutional-investors-seek-stability-9b6ed5fbc250

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Element Zero's platform is decentralized and is not tied to gold, fiat currencies or other traditional methods of valuation. It is not subject to the fluctuations of other markets and it does not use algorithms to maintain stability either, like many other "stablecoins" attempt to do.

You can read more Element Zero's true stability in this article written by one of the co-founders:  https://moneyinc.com/element-zero-breaking-barriers-to-stablecoin-stability/

We take a different approach to stability and completely remove volatility in the first place. So you will not see EZO dip 15% like USDT or raise crazy fees Maker.

We are truly a stable solution. Jointer developed this and decided it was too impactful to keep so we started the not-for-profit EZO to carry out the mission. Here is an article on how we are doing it different https://www.thecryptoupdates.com/stablecoins-and-stability-how-element-zero-is-doing-it-differently/

Also, thanks for the kind words on our design. We have a very passionate global team that prides themselves on doing great work because they believe in the mission.

I am unsure of what "amazing trading dues" means. Care to expand?

We remove volatility in the first place, so it is never an issue. Try to manipulate the price on our testnet and see if you can - https://www.elementzero.network/stablecoin/

For the bounty - we are considering a bug bounty if the community has an interest, right now we have a private bug bounty going out to white hats.

A non-technical bounty would be the ambassador program: ambassadors.elementzero.network - we are currently voting to select the top 100 to participate in our "bounty"

The ElementZero sale will be broken down into private and public (after our S1) - the public sale will not have a minimum.

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I want to clarify, we are not an ICO. ElementZero will release a beta-token that is not a security token soon but that is not involved with our offering and is only used for you all test. We will run a private sale with the ElementZero security token followed by a public sale after we register as an S1. The token has inflation protection so therefore it is a security. Most stablecoins are unregistered security tokens, so we are not going to join that crowd! One of our advisors is the former Chairman of the SEC so we are poised to take the correct approach to this issue.

As for the bounty, we are considering a bug bounty if the community has an interest, right now we have a private bug bounty for people to try and manipulate the price of our stablecoin. Here is the testnet that has proven strong against hacking so far https://www.elementzero.network/stablecoin/

A non-technical bounty would be the ambassador program: https://ambassadors.elementzero.network - we are currently voting to select the top 100 to participate in our "bounty"

I took a dive into your team and i must confess the combinations is good, the market is gradually taking a new shape and if all is done according to the thread post then it should be a success.

The market already have an over supply of stable coins and i don't think we need a new one anytime soon since the current one (tether,TUSD, Gemini USD, Tron USD) is working perfectly well at their current state.

every month launch new ico with own transaction platform now days most profitable online ecommerce payment getway it's like new. i think elementzero it's suitable for this transaction. security is may be most important can u say what is other then better for u..?any thread for bounty program or future plan??

We appreciate you reaching out.

Due to regulations and the general ineffective nature of bounties, we have opted for an ambassador program. https://www.ambassadors.elementzero.network/refer/

Currently, users are able to compete for a spot in the top 100.

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Would anyone be interested in a bug bounty for the stablecoin? Check it out here elementzero.network/stablecoin/ - it would be for big issues like actually being able to manipulate the price or volatility. We believe it is pretty unhackable

Russian Translation Reserved

We got most advisors to verify on here https://gust.com/companies/jointer and they verify to our investors.

We also had to submit written verification for David's quote that went over the wire:
"The CEO is an experienced entrepreneur with a very ambitious and exciting vision who is attracting very accomplished people to the project. It is in an area of finance (real estate) that lends itself, in my view, to blockchain and tokenization," David Weild, Father of the JOBS Act." source: https://www.prnewswire.com/news-releases/jointerio-a-new-generation-of-commercial-real-estate-investing-raises-2-5-million-in-seed-funding-to-pivot-to-a-free-end-to-end-tokenization-platform-300794098.html

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We have released our test protocol for everyone to test the stability www.elementzero.network/stablecoin/

their advisors are big names in the industry. the authenticity needs to be researched if they have real affiliation with this project. can you provide references saying that they have something to do with this project?

Yes, ElementZero is the subsidiary company of Jointer.io

Hi, I am Kyle, CMO of Jointer. Jointer needed a stablecoin and we were planning on using what is currently out there. We started finding issues and eventually worked with the team you see to create EZO. Once we saw the potential rather than keep the technology, we created a not-for-profit for Element Zero

https://thriveglobal.com/stories/big-ideas-a-currency-without-inflation-with-jude-regev-ceo-of-element-zero-network/

We are trying to stay away from too much co-branding to not confuse Jointer's audience which is more real estate focused rather than cryptocurrency

Great photo to not only show the relationship to Jointer but also further explain the protocol. You can dig in more in-depth and play around in testnet here https://www.elementzero.network/stablecoin/

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Awesome article on Stablecoin benefits
https://www.capitalgazette.com/community/cg-ugc-article-element-zero-delivers-benefits-to-businesses-2019-04-17-story.html

Any thoughts from the community?

Hi, I am Kyle, CMO of Jointer. ElementZero is our subsidiary. Jointer needed a stablecoin and we were planning on using what is currently out there. We started finding issues and eventually worked with the team you see to create EZO. Once we saw the potential rather than keep the technology, we created a not-for-profit for Element Zero

https://thriveglobal.com/stories/big-ideas-a-currency-without-inflation-with-jude-regev-ceo-of-element-zero-network/

We are trying to stay away from too much co-branding to not confuse Jointer's audience which is more real estate focused rather than cryptocurrency

Hi,

Upon checking the team of your project, I saw that the team of Element Zero is identical to Jointer.io team. What is the reason behind this? I did not see any affiliation or partnership between the two projects. Kindly please clear this ambiguity.

dig a little deeper - a whole new method to stability that removes volatility to start with.

I work for the parent company, the advisors are real and it great to work with David Weild specifically. We decided to make this solution a not-for-profit rather than keep it as a for-profit like Jointer to ensure the world could benefit from this technology

stablecoins are so hard to get right : /
every year is a new ICO hype, 2019 has been stablecoins
which is funny as it was stablecoins in 2015-2016ish too

haha same old

im too lazy to check if your team is legit, but anyone who invests hopefully does

After seeing MarkerDAO increase fees above 10% it is great to see a stable coin get it right.
Is there a way to test?

Element Zero does not use a currency peg or collateral or any supply or demand method to ensure stability. Element Zero’s stability protocol it is based on a smart contract algorithm that is designed to eliminate any possibility for volatility in the first place by preventing the user from selling the stablecoin above or below the current (fixed) face value.
The entirely new stability methodology, the Element Zero Stability Protocol, is designed to process a two-way transaction. On one side the sender can send a stablecoin to a receiver but on the other side, the receiver must send back in return cryptocurrency, an invoice or receipt with the same value as the stablecoin. In the event that the value of the exchange does not match, the smart contract steps in to balance the face value between the sender and the receiver by returning the extra value to whom it belongs. The two-way nature of the smart contract means that the Element Zero stablecoin cannot be traded speculatively since it’s value is enforced.

Element Zero has been designed as an open source solution that allows businesses, organizations, and even governments to create their own stablecoin for free with their own industry-relevant features and with many more options that enhance the user experience while protecting their data, in contrast to today’s poorly retrofitted credit cards.