Electra has entered its 6th year of operation today. The blockchain has worked without issue since the last update. Details regarding chain activity and transactions can be viewed in the block explorer shared in the OP. There are currently two exchanges, that I know of, that have Electra listed and both are shared in the OP. I wish all users a great 2023.
and you seem to be satisfied with this much , so strange.
The coin value is almost zero now, many of us have lost our funds to it but rest assured we wont allow more fools to join in just to give you an opportunity to dump your holdings and make more money out of it.
I have no holdings...
Well that is hard to believe but anything is possible in crypto,
In case you telling the truth it should be your attachment with the coin that reminds you of her after 6 long years.
I believe the Bonanza mining thing that you introduced to crypto is what killed ECA in the first place.
Even the offspring XEP couldn't survive the ill reputation that preceeded it.
Do you think that ECA can ever get a new life?
If so how and why?
I think bonanza mining was a good decision. It gave the project a kick start and attention from the miner community. I would do it slightly differently if I did it again though.
The current build is better than previous iterations and Electra now has a unique POS which it did not have at the start. The current product is much better than it was when it had 200 million USD market cap.
There are some hurdles that need to be passed for such a market cap to be ever seen again. These are marketing and trade volume.
At this stage, a bridge to ETH, MATIC, SOL, AVAX etc. is needed so ECA can be part of DEFI. ECA liquidity pools need to be created that reward users with tokens from another coin to encourage large pools and volume.
But this alone will not work without marketing because if nobody knows about entry into DEFI and the rewards they will earn, that ECA’s POS is unique etc. then nobody will participate.
When Electra started there were about 400 active coins now there are 20k with some raising millions of USD. Competition is extremely fierce now and a million dollar budget along with a good marketing and coding team is mandatory for success. Maybe the fees earned from liquidity in the DEFI pools could pay a team's wages but there would need to be millions of dollars in the pool and huge volume to generate enough fees to cover their wages. And if wages are not covered, a project cannot be sustainable.
A more radical but cheaper solution could be to make a fork so that a user with 1,000 ECA would have their holding reduced to 1 ECA. So the total supply would be 30,000,000 instead of 30,000,000,000. Then create another 30,000,000 coins, give them to a centralized exchange and let them do an IEO and make a deal for them to keep all earnings from the sale in exchange for a listing, marketing and maintenance. They would need USD payment on top of a 50% share to consider it though. Considering the recent example of low budget coin DegenReborn getting a launch on Bitget, the initial USD required is sometimes quite reasonable.
