eCoin & eShares. eCoin will be the intended currency, while eShares will be the investible asset that enables the creation of new eCoins and their removal from the system.
Elastic supply model
The supply of eCoin will be able to adjust with demand. As demand increases, so will the supply of eCoin and vice-versa, enabling eCoin to maintain a stable price.
Internal exchange market
The eCoin System will consist of a decentralized internal exchange market (“eCoin DEX”) that enables users to exchange eCoin and eShares. These transactions will be logged on the blockchain. The eCoin DEX will also play a prominent role in providing price stability to eCoin.
Independence from fiat currency
With the use of decentralized external price feeds, the price of eCoin will be pegged to the average residential consumer price of one kilowatt-hour of electricity in the United States. This will provide price stability, while also ensuring eCoin maintains its purchasing power better than fiat.
eCoin transactions will be uniquely encrypted end-to-end.
Independent payment verification
Transactions may be independently verified via a unique transaction token id (only divulged by sender or receiver).
Private transactions take place in a matter of seconds (instead of minutes to hours as found with other cryptos).
The eCoin System will have full integration and support for the anonymizing Tor service.
eShares holders will vote via the Internal Voting System (“IVS”) directly on the blockchain.
eShares holders will be able to create proposals for changes to the eCoin System and any changes to the system will require eShares holder approval via a democratic process on the IVS.
eShares holders will vote via the IVS on a continuous basis for members of the eShares Foundation board of directors (the nonprofit representative organization of eCoin), through a form of negative voting.
Separation of duties
After release of the eCoin System, the Coin Project shall no longer make decisions for the eCoin System but shall assume the role of being solely a developer, working under the eShares Foundation.