The two popular native digital assets of Eagle Ecosystem consist of:
- EAGLE
- BENZ
Let’s discuss these assets in detail below:
- EAGLE
EAGLE is designed to represent the managing power of the blockchain. The total amount of EAGLE is 72 million with 2 decimals. EAGLE uses two decimals after comma for conviniency as common fiat money uses cent terminology. The total amount of Eagle is the same as the maximum total supply of the old EagleCoin, which is 12 million plus 60 million of previous EaglePay Token. Each EAGLE is pre-mined and the EagleCoin (old Eagle) holder will receive new EAGLE in 1:6 swap. This basically means that 1 old EagleCoin will get 6 new EAGLE.
An EAGLE holder enjoys the following benefits:
· EAGLE holders can do cold staking and receive BENZ.
· EAGLE will become the main currency used for buying token when an ICO is conducted in Eagle ecosystem.
· EAGLE will also become the main currency to be paired with other coins when the decentralized exchange is built in Eagle ecosystem.
· EAGLE holders can receive airdrop when a token is issued in Eagle ecosystem.
- BENZ
BENZ is created for powering the IronGeekChain and it can be acquired by staking EAGLE. It is called cold staking because all the EAGLE holders just need to hold their EAGLE in its wallet and will get BENZ without any need of turning on the network. The maximum total supply of BENZ that will be reached in next 10 years is estimated around 144
million with 2 decimals. The BENZ generated for the first year is 64 million BENZ, then 32 million, 16 million, 8 million, and 4 million BENZ per year until the maximum total supply limit is reached. At the beginning, there is no pre-mined BENZ. The use of BENZ for smart contract deployment and token transaction will make BENZ price sustainable in the coming years.
· BENZ and Smart Contract
IronGeekChain has Eagle Smart Contract System, which supports multiple programming languages. Smart contract developers can use their convenient language including C#, Java, and Python.
In order to deploy a smart contract, a developer needs to pay some amount of BENZ depending on their smart contract complexity. This mechanism will basically increase the need of BENZ and will make it more valuable.
The amazing thing about smart contract is that the smart contract developers will not need to learn a new programming language as they can use the language that is most convenient for them according to their expertise. Besides that, smart contract developers can create an airdrop program for EAGLE holders automatically. This is actually an easy, cheap and effective way of marketing. The EAGLE holders will also enjoy the benefit of getting the new released token for free.
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Nice, I get 6 tokens for every 1 eagle? when ico for iron geek chain?
Yes