ps. Does Epicentre $EPIC have a decentralised community consensus mechanism to enable community governance in non-violent ways? i know that the lead Dev @snider of #Lethean (a privacy coin and DVPN) is investigating & intending to implement such a system for it's community governance. i mean, how can any project be considered as truly decentralised unless there is decentralised community governance system?
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Great question @atma.love and as a community member of $EPIC since September, 2019, I can tell you non-violent community governance is definitely in the Epic Cash DNA. While this is and always will also be at the core of bitcoin's DNA, it has been twisted into an ASIC centralized perversion of bitcoin known as BTC making it impossible for ordinary people to have any valuable stake in governance.
The ECR token is the lifeblood of the Epic Cash ecosystem DAO governance model. ECR tokens are the non-violent instrument of governance held by our community members which enables us to create proposals and vote on them. This could be used as fundraising decistions for things like tree planting, contracted 3rd party code reviews, adjustments to the Proof of Work algorithm, and really just about anything the community deems worthy.
Hope this answers the question. Feel free to ask more. I love the engagement <3
-Izzy
i did read about ECR. Remind me how they are issued and/or if/where i can buy, please
There is an initial release of 25M and an inflationary supply to 8.88B that completes in June of 2028. This is illustrated here https://epicentral.io/wp-content/uploads/2021/05/EC210402-ECR-Emissions-v0.2.pdf
There will be various ways to aquire ECR. Airgrabs, earning via DAO governance proposals, and staking are some ways. Balancer Liquidity Bootstrapping Pool (LBP) is also being explored which is a tool to setup liquidity and it serves the purpose of making ECR available as well as finding fair market valuation.
The initial release is distributed to EPIC holders (10.8M), ECR DAO Treasury (4.2M), Advisors, Seed Investors, Ecosystem (5M), and the Epicenter Equity Corporation (5M).
The inflation beneficiaries are allocated as follows: ECR DAO Treasury 30%, Epicenter Equity Corp 30%, Stakers 10%, Welcome Future Freeman Fund 10%, ECAP 10%, ECR Governance working group members 10%.
So has any ECR beem distributed yet? if i buy more EPIC will i get more ECR? Hiw do i join, or apply to join the ECR Governance working group?
Yes, ECR has made it's way onto DeFi platforms such as quickswap and Polgygon but only in limited amounts to test functionality in liquidity pools. Early contributors have also received some ECR. There was a snapshot back in February for EPIC holders and that ECR should be released next. There could be another snapshot for EPIC soon. It was announced that there would be a second snapshot for EPIC holders but that was delayed. We should hear more about it this month. I'll ask some other team members about that.
I'll ask about the status of our existing governance workgroup in telegram and invite you. It will get more use as the governance website comes online and more people have ECR and proposals to work.
Keep me informed please. i would like to propose that Epic Cash consider The Matrix-8 Solution bottom up, people powered, multi-level governance system for the Epicentre ecosystem community governance. And, i am sending you a gift of some Hive-Engine $GIFT tokens :-)
Thank you. What's the best place to read more about Matrix-8?
So could i make a proposal to use, or investigate the use of The Matrix-8 Solution to use as the Epicentre Community Governance consensus mechanism? Perhaps you could investigate?/
How do i withdraw EPIC i have purchased in Vitex exchange to Vite wallet please. I cannot find that option.
And how do i stake EPIC?
Asset tab. For me it's the bottom right on my mobile app. then select transfer and select the coin and then where we want to transfer from/to
Got it, and done it. Easy peasy now i know how. Thanks
Awesome! Well done. Yes, there is a learning curve and they are working on an improved UX for us. My problem was forgetting to switch addresses sometimes and on the new address it would look like all my funds were gone! Actually opened a ticket for that one time and then was like... oh, ummm nevermind! hehehe They are a pretty cool small exchange with some interesting and FOSS technology
"To begin to think with purpose, is to enter the ranks of those strong ones who only recognize failure as one of the pathways to attainment."
-- James Allan