We all might know about the bird Eagle, the king of the birds. The eagle flies at the highest as any bird can fly and has the best precision of catching a pray because of it’s quick and accurate attacks.
When there is rain, the eagle does not get wet in the rain. Instead it flies higher and higher, above the rain.
The new eagle in the cryptocurrency market is out and it has all the potential to withstand its name of Eagle. Let me acknowledge you with Eagle Project X.
The Eagle Project is a whole new project of payment system which will make the cryptocurrency usable and acceptable in worldwide at anytime for any kind of payment. Any cryptocurrency can be converted into fiat money at anytime any place and vice versa.
The scope of the project is to make a payment system using blockchain technology which will support fiat money tokens and to reduce the risk of cryptocurrency fluctuations. They want to make the cryptocurrency payments as easy as buying snacks. It will be a new generation payment system with wide range of uses and users, it will be easy to use and has low transaction fee.
The X in the Eagle Project stands for eXpand, which represents the expanded vision and targets of Eagle Project.
The Eagle Project X is based on these 3 parts of the project:
- IronGreekChain
- EagleX
- BENZ
IronGreekChain is the all new multi-language support with consensus mechanism that is “Iron dBFT” (Iron delegated Byzantine Fault Tolerant) which robust against double-spend attacks. This blockchain will be a faster and better blockchain than the previous generation. It will be quantum resistant which will prevent attacks from quantum computers. it will be cold staking which will give BENZ coins to the users for holding EagleX. It will support wallet on desktop, mobile and web wallets.
the blockchain will be based on smart contracts as Ethereum blockchain and it will be able to perform 1000 TPS which is 142 times quicker than Bitcoin blockchain and 66 times faster than Ethereum blockchain. With the development in the IronGreekChain, the speed of transaction will increase even more.
EagleX or EGX is the managing power of the blockchain. It is the main asset in the system. The total amount of EagleX is set to be 72 Million coins with 2 decimals. The advantages for the users for holding the EagleX is that they can do cold staking and will receive BENZ for holding EagleX. EagleX will become the main currency for buying tokens and it can be paired with other coins when the decentralized exchange will be built in Eagle Payment system.
Benz is created for powering the IronGreekChain, voting and smart contract deployment fee will be charged in Benz. Benz can be acquired by cold staking EagleX. Maximum supply of BENZ will be 144 Million with 2 decimals and it will be reached in 10 years. In the first year, 64 million BENZ will be generated. After that 32 million, then 16 million, then 8 million and then 4 million BENZ per year until the maximum supply is reached.
BENZ will be used for smart contract development and transaction fee will make BENZ price sustainable.
You can cooperate with the professionals right now, as they are ready to welcome new users who want to take an active part in the platform’s life. You can follow the news from professionals on their official website and pages in social media where the latest information is published.
Eagle Project official website: http://eaglepay.io/