Chaince will exclusively launch ECASH/EOS trading pair!
The time schedule for ECASH/EOS trading pair deposit & withdrawal, pending order, trading business and etc are as below:
ECASH/EOS deposit & withdrawal, pending order will open at UTC 6:00 am NOV 15th,2018
ECASH/EOS trading pair will open at UTC 6:00 am Nov 16th,2018
ECASH Project Introduction:
ECASH is initiated by HorusPay. HorusPay’s ambition is to conquer the payroll market with our affordable Global Payroll Software and trigger major innovations in the payroll industry. They plan on introducing crypto-currencies to the Global Payroll Market and to put ECASH into every pocket of the global workforce.ECASH will be backed with “payroll storage” (a resource in our platform that is similar to how Ram is used in EOS) which is valued equivalent to $1 USD. They are still exploring some other alternatives as well.
Users will be able to redeem ECASH for payroll storage in Horus platform, and then trade that payroll storage (via a smart token) by using the Bancor protocol. By sending ECASH to the contract, it will allocate the payroll storage to your account, that extra memory will then be added to the Bancor protocol, which will allow you to trade it for EOS. The percentage earned on stakes of 100,000 HORUS to 499,999 HORUS is 0.2 %. Those staking 500,000 to 999,999 HORUS will be 0.5%. Staking above 1 million will have earning rate 1%. It means staking 1 million HORUS will receive 10000 ECASH per month. This earning rate will be in effect until a full working version of Beta Payroll platform is released.
ECASH maximum supply is 1.2 billion. The method to receive is to staking HORUS. By now in November, 4638294 ECASH has been mined out through HORUS staking, which is the circulation amount right now.
Staking methods include: 1. command line 2. eostoolkit.io 3.Greymass
Related report: Trybe TV – Horuspay listing Ecash on Chaince!