Topic: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza - page 41. (Read 144299 times)

Electra is about to announce its first ATM & POS partnership, of which ECA $ is targeting 3,000 ATMs and 30,000 POSs globally. I think the value of the ECA token will increase in the future.

Here is Maverick's Statement:

"I have received lots of inaccurate private messages in regards to me leaving the team. This is unfortunately true; however I want to be as transparent as possible to prevent any further false or possible statements from others moving forward.

Yes, it is true. I am sad to say that I had to step down from the team. Please forgive me as I do not feel comfortable disclosing personal information at this time. This has nothing to do with me going to another crypto team or the Electra project itself.

I’m a huge believer, perhaps one of the biggest, in Electra. This is something I never thought would happen and I’m truly upset. More so than you would ever think.

Just know that I’m very proud of the Electra community and all that you have accomplished, most importantly - the individual respect and comradery amongst members. Please keep up all the hard work and stay dedicated to the project."

You got a few things wrong...
E01 is staking far, far more than 400m. Think more in the 2-3b range.
You only listed the community overseers that have left, and missed the really important ones that were the real drivers and backbone of the project.
ECA Mom-Core team-Global Coordinator: She was a total driving force in the team. It seems to me nothing has been done since she left.
Ivan-Core team-Lead developer: His title says it all. His name has been removed from the GitHub.
Maverick-Marketing Coordinator: The only one trying to keep the community hyped and positive.

E01 needs to do whatever he can to try to get some of these people back. It's a huge red flag when key team members and long term supporters leave the team in droves.

It appears that the team is simply dismissing this as FUD/negativity. Reality check: There would be no negativity if there was competency.
Regardless of how you attempt to paint this picture, the facts remain that the people in this project are still spreading misinformation about it in an attempt to prevent more cumulative losses from occurring.

We are constantly told "the fork is ready" and that "The Electra Foundation would take 3-5 days to set up". Well, why are we taking so long to implement both of these measures? It's like waiting for winter to arrive on Game of Thrones. Might I remind everyone that the initial founder is to receive all the staking rewards, which is closing in on 400M ECA now.

Staff tell us the project is doing great, but nothing has changed since December except for the new adoption of this garbage unprofessional approach to marketing. Attempting to hype and sexualize a financial product with blonde bimbos lacking any kind of cryptographic literacy is terrible at best. Why on Earth would anybody put money into that? How does this provide incentive to use Electra as an every day currency, or have we now switched our target audience from every day families to college frat boys?

We should not be sending people like Cassandra Hawkins (Electra Spirit) to institutional blockchain meetups. She has a degree in homeopathy and fitness ffs.


- Stake reduction delay
- Foundation delay
- Funds still not moved into multisig wallet
- Original core team silent
- Github activity stalling
- Founder keeps all staking rewards
- Overseers Ryu, VergeLife, Eca Giraffe and Zarag gone (3/4 moving onto new projects)
- Team opening bot party chat for sponges
- Team offering their consumers money to win exchange votes
- Price per unit below 10 satoshis
- False ATM announcements
- Openly shilling Aircoins, Unifox and other vaporware (ICO) products in chat

Where do you see this going?

Still try to recover wallet from mnemonic seed.
Wallet show: Recovering wallet from mnemonic...
After 3 weeks still not synct. Does anybody have a solution ?

No problem. Keep it going and enjoy Electra!

thank you. it works 

Delete the cache in apps roaming. It will re-download everything.

my sync has stoped at block 13,815...
any advices how to solve this?

desctop wallet 1.1.2

Hm. . . . interesting. Thanks of the read.

There is a voting challenge to list ECA on CoinEx exchange.
Get 1,000 ECA.

Read here:
https://steemit.com/cryptocurrency/@martiniblanco/electra-coinex-exchange-listing-1-000-eca-per-voter-bounty

just bought some eca thanks guys

WTB @ 1sat.

...Crickets...
 I'm sure this will be followed by a 1 or 2 sentence post in poorly worded English complimenting the project.

That clearly says "has" a global reach, and makes the rest of the sentence mean they already attained those numbers during their initial stages. Hopes to have, or will have, or aims at would have made it the truth. "Have" makes it a lie.

I don't see them touting them as existing use cases. Even their press wire says this.

"Electra (ECA) announced today that it has partnered with the UniFox project. UniFox will be Electra’s second collaboration of the 2018 mass adoption campaign. This partnership will entail the direct listing of ECA upon the UniFox Network of Payment Kiosks (ATMs) as well as their Point-of-Sale (POS) terminals. The Unifox network has a global reach – incorporating over 6,000 ATMs and over 50,000 POS terminals in the initial stages."

The issue with Electra is that they're touting partnerships with ATM companies in ICO phase. Now, the ICO itself isn't the issue, the issue is staff are saying it has an existing use case, but in reality these will not be available for a year at least and that's assuming that funding is met. The final product does not exist

So, why do two existing ATM ventures need an ICO? The simple answer is they want to raise capital, however initial ATM fees could cover this alone, and why would someone be willing to use these companies when they can't even get a simple LinkedIn URL to work on their ICO page? We've been delaying the fork and "10B Company" for 4 months now and the roadmap keeps getting silently changed in the background. Better off waiting until this bottoms out and the team finally decides to reveal the partnerships.

Furthermore you have people like Aykut Baybas (Master Den) claiming that the team is solely concentrated on providing a use case, and that price action is secondary to this. If that's the case then we wouldn't have team members making contradictory statements like "timing of news release is key" (In reference to releasing this long awaited news in the bull market rather than right now). This is speculating that retail FOMO, investors who do not know any better, will pump up the value.

Another thing - The premine, and all the other large holders, are still staking at 50% rewards. This is going to leave us with a bare minimum of 29B circulating supply before the fork is finally sorted out, and that's assuming the team actually sticks to their promises this time around.

Seems highly reminiscent of XVG back in its haydays. In fact I even recall Sunerok mentioning Electra a while back.


ECA has gone from being a legitimate community project revival to a project fueled by greed.
Hyped up Vaporware.

Current circulating supply 26.4b
Average daily interest at 50% staking .00137(rounded)
They announced up to 2 month delay, so even only 6 weeks staking over this time is potentially 1.5 billion more coins in circulation.
That makes circulating supply 27.9b when they fork.
Cap is 30.
If they offer 10% for a year after the fork, staking during that time is potentially 2.79b, which leaves us with 30.69b in circulation 1 year after the fork.
While these numbers don't take non staking wallets into account, they also don't take compounding interest into account.
What they're claiming isn't possible when you do the math.
The question is, how are they going to fix it? And why aren't they telling anyone?
Another good question... When I invested in this I was under the impression it was a community coin, and that the community got to vote on decisions. At least that's what it says in the WP. Why is none of this up for a vote? Why is NOTHING up for a vote? Why is none of this even up for discussion, let alone a vote?
I'm not trying to start FUD... Just trying to get some answers to some really big provable problems with their claims and their math.

The 30+ million coins from StakeUnited have not generated reward because the assumption that 20M coins generate reward every 24 hours is simply wrong. After generating reward, it takes 24 hours for the coins to "mature" again before even starting to stake again. I can tell you for a fact that 18M coins generate reward roughly every 2-3 weeks, on average ... with a maximum of 4 weeks. But you need not worry, if it takes longer to generate reward, the reward will be higher according to the network weight. So it's like this: wait 2 weeks to get X reward, or wait 4 weeks to get 2X reward. The only downside in the last scenario is that the X coins you would get after 2 weeks could have already started staking after week 2, whereas the coins you get after 4 weeks will only start staking after week 4.

i have wondered the same but i prefer to be optimistic and wait the 4-8 weeks they said till fork is done.

after that if the fork is successfully applied, then staking reward will be reduced from 50% to 10% with several other improvments.

if the fork isnt applied within these time, it wont be taken well for the community.