Euclideum

PoS network with delegated staking, sharding, and liquidity protocol features

Why Euclideum?
With Euclideum, you can do a lot more. Claim your free ECL coins during the airdrop, earn ECL even with our bounty and referral campaigns, and bet to become a validator. Don't want to bother with nodes? No problem: delegate your ECL and earn passive income. Trade on ArchimeDEX, join the liquidity pool for more passive rewards, or even submit your own dApp and get a development grant.

ABOUT EUCLIDEUM
The Euclideum project is the result of a group of developers' efforts to solve the problem as quickly as possible. Waiting a year or two or more for a more scalable version of Ethereum is not a practical solution.
 
Euclideum is a version of the Ethereum blockchain featuring Proof-of-Stake consensus and delegated stakes. The cryptocurrency name itself is Euclid. Launching a node will require a smaller stake than in Ethereum (30 ECL vs 32 ETH). Users who don't want to bother with nodes will be able to delegate their ECL coins to one of their choice and receive a share in return, such as with Cosmos or Tezos.
At launch, the expected processing capacity of the Euclideum blockchain is around 100tps, with an average block time of 10 seconds. Already at this stage, transactions will take 2-3 times less time to process than on Ethereum. 

Euclideum will also introduce sharding on the testnet as soon as it launches, with an initial 4 shard.

Splitting blockchain into substrates is a good solution for scaling, and has the potential to increase capacity to 10,000 tps or more. However, it required a test period before sharding launched on the mainnet.

Euclideum also has its own liquidity protocol, Ptolemy, and a decentralized exchange (DEX) under the name ArchimeDEX. The exchange will support assets of ECL, ETH, ETC, ERC20, and all assets created on the Euclideum blockchain. ArchimeDEX will display swap live assets to minimize fees and can be adjusted to ensure that all transactions are successful.

Euclid coins will be distributed in a large-scale airdrop following the snapshot of the Ethereum network, scheduled for August 27, 2020. Each ETH holder is entitled to 3 free ECL coins as long as 1 ETH each they keep in their wallet. The snapshot will show how many ECLs each user should drop from the air. Holders don't have to give up their ETH to get ECL, though: the distribution files are completely free. 

The first ECL will be distributed as an ERC20 token. When the blockchain is launched, ECL holders will be able to exchange. Apart from the airdrop, users have several ways to earn free ECL coins. They can participate in marketing bounty campaigns, bug bounties, referral programs, or KYC volunteers. Euclideum can be used to create decentralized applications (dApps) and smart contracts, such as Ethereum. Developers creating dApps for Euclideum will receive a special grant. In addition, every smart contract used on the blockchain will be entitled to a free audit. 

Solution To The Problem
The team of Euclideum made the decision to launch the network as a PoS blockchain from the start in order to demonstrate that it does work – and that it doesn’t require years to test and launch. The expected processing capacity at launch is circa 100 tps, which is more than twice than Ethereum’s present speed.At launch, Euclideum will already have several validator nodes run by the team. Users can immediately start staking and start their own nodes. To become a validator, one needs only 30 ECL as opposed to 32 ETH on Ethereum. The expected annual profit from staking is 8-10%, with the initial yield being 6.5% (as opposed to 5.6% on Ethereum).Every Ethereum holder will automatically get a significant amount of ECL during the airdrop. If you hold 10 ETH, for example, you can immediately get the required 30 ECL and enjoy the rewards without any initial investment. 

 

How To Get Free Euclideum Coins

• Create a new wallet on ArchimeDEX or import your existing Ethereum wallet. After the network snapshot on August 27, 2020, you’ll be able to claim your free ECL through the DEX. 
• Once the Euclideum blockchain is deployed, we will swap the airdrop ECL tokens (ERC20) for fully functional ECL coins. 

Key Facts About The Airdrop

• 1 ETH = 3 ECL. : For each ETH coin you hold, you’ll be airdropped 3 ECL for free 
• Ethereum smart contract : We’ll use a smart contract to swap the pre-launch ERC20 tokens for ECL 
• Referral program : Invite friends and get 5% of all ECL coins they claim during the airdrop 
• Open-source : We’ll publish the code of the exchange so that you can verify it yourself 

 

 Roadmap

• Q3 2020 - On August 27, 2020, we’ll take a snapshot of the Ethereum network to determine how many ECL tokens each ETH address holder is entitled to. From August 28, 2020, we’ll begin our epic airdrop of ECL ERC20 tokens. If you hold ETH, you are entitled to 100% FREE ECL coins at the 3:1 ratio. 
• Q4 2020 - Once the airdrop is complete and we have the first PoS nodes running, Once we launch the Euclideum blockchain in September, you’ll be able to swap your ERC20 tokens for ECL coins. You can also launch your own node (requires a stake of 30 ECL) and earn with PoS mining. Trading on ArchimeDEX will start, too. 
• Q1 2021 - It’s time to introduce delegated PoS staking! Unlike Ethereum, which requires you to run your own node, Euclideum allows you to delegate your coins to another node and enjoy the rewads. You can stake as much or as little as you like and earn up to 8% a year. At this point, we also have the first dApps and smart contracts running on Euclideum. 
• Q2 2021 - In mid-2021, we’ll activate our dApp development fund — a special ECL reserve created to support blockchain projects that can bring real value to Euclideum. Dapp developers can submit their blueprints or ready code and get significant grants. We’ll also audit selected smart contracts for free. Meanwhile, we’ll be working on the sharding. 
• Q3 2021 - By September 2021, we expect to have at least 10 decentralized applications running on the Euclideum blockchain, some of them supported by our fund. We’ll also launch a public funding platform where users will be able to invest ECL in the best projects in a decentralized way (instead of risky, non-transparent IEOs). 
• Q4 2021 - After almost a year of testing, Euclideum sharding protocol will be launched, taking the transaction processing capacity from 100-150 tpx to 400 tpx or higher. At first there will be 4 active shards. Meanwhile, there should be between 30 and 50 dApps running on Euclideum, including DeFi, wallets, prediction markets, etc. 

FOR MORE CLEAR INFORMATION PLEASE CLICK THE LINKS BELOW:
Website: https://euclideum.com/
Whitepaper: https://euclideum.com/whitepaper.pdf
Twitter: https://twitter.com/euclideum
Facebook: https://facebook.com/euclideum
Media: https://medium.com/@Euclideum
Telegram Channel: https://t.me/euclideum
Telegram Chat: https://t.me/euclideum_chat
ANN: https://bitcointalk.org/index.php?topic=5266231 

AUTHOR
Bitcointalk Username: RedTrust
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1726043
ETH Wallet Address: 0x6E7abE1d59BF334c13B5b0426E091Da269475072