I reviewed your white paper quickly. No new technology. No new ideas.
Basically, you want people to burn bitcoins and ethereum, and get your token for doing so.
Your token will go up in price as bitcoin and ethereum become scarce.
Am I right?
You looked too quickly and did not see the most interesting. In fact, we have come up with a solution to many important problems. Here are some of them:
1) We have created perfect money by improving Bitcoin. Our EurBit token is a non-volatile bitcoin. Its rate either stands still, or sometimes it can rise, but never falls. This leads to solutions to two extremely important problems:
a) Users of our improved bitcoins will never suffer material losses and nervous stress. After all, it is the problem of losses and stress that repels hundreds of millions of people from cryptocurrencies.
b) Ordinary bitcoins cannot be used in online stores, by manufacturers of goods and services, other real businesses, as well as ordinary people, buyers of these goods and services for everyday life, for mutual settlements, because it is very volatile. Every evening you go to bed and don't know how much the bitcoins in your wallet will cost when you wake up tomorrow. Such volatile money cannot be used in everyday life and in business. But it is very convenient and profitable to use stable never-falling bitcoins. It is more convenient and profitable than dollars or other fiat money. Therefore, our token and our project opens the gates for the switching from fiat money to cryptocurrencies (decentralized + stable) for stores, manufacturers of goods and services, for other real businesses, for billions of ordinary people, and not just for professional stock speculators.
2) We have improved ICO and crowdfunding in general. We removed all their flaws and added new advantages. We have solved the problem of fundraising fraud by startups. We have solved the problem of losses of investors. Now there will be no losses, even if the funded startup for some reason ceases to exist. We have come up with a way for startups to collect financing for their development without bank loans and venture capital investors, and also without issuing their own tokens. This funding does not need to be returned and there is no need to give a share of your project to the robbers - venture capitalists. There will be no more token issuance by startups and token sale to investors. This process is replaced by the mining of tokens by outside anonymous miners and a free donation of a part of these tokens for the development of the startup chosen by the miner. At the same time, the miner, financing the startup he likes, does not spend his own money and does not lose anything, even if this startup is closed for some reason. In addition, the replacement of investors with miners, the lack of a process for buying / selling tokens, the absence of linking the emission of tokens to specific startups, the absence of losses for all parties to the process completely change the entire legal part. Legalization in jurisdictions and business liberation from state control are simplified, start-ups are protected from prosecution by state bodies that oppose the massive use of cryptocurrencies. This is a completely safe and revolutionary crowdfunding. This is a way to simplify and significantly reduce the cost of obtaining financing for project development, suitable not only for crypto startups, but also for operating enterprises of any size from the real sector of the economy of any country. Business no longer needs bank loans. Startups don't need venture capitalists anymore. Our way of financing business development is much more profitable. This is a genuine financial revolution.
I will not describe other problems solved by us. You can find out all information about them by CAREFULLY reading the White Paper.