Following EXRT distribution last month, we are glad to introduce EXRT Network to you and provide you more details about EXRT token.
Please visit updated EXRT website to learn more:
https://exrnchain.com/exrt
Below we will summarize information from EXRT website in the text form.
EXRT Network is a highly scalable innovative blockchain that is developed to support & secure ecosystem of decentralized crosschain applications.
Key components of EXRT Network
a) Fast Finality
Sub-second block times ensure high throughput (1,000 TPS — 100,000 TPS) needed for EXRNchain crosschain ecosystem and massive scalability for smart contracts and DApps.
b) Decentralized Crosschain Applications
EXRT Virtual Machine is based on Ethereum Virtual Machine (EVM) codebase which allows for support of reliable decentralized applications and cross-blockchain DApps (running on EXRNchain).
c) Innovative Consensus Algorithm
EXRT Network is exploring different consensus algorithms (DPOS, Threshold Relay, Tendermint, Casper POS) and will be based on the most secure and reliable of them (after sufficient amount of testing).
d) Crosschain Interoperability
EXRT Network is the core securing the EXRNchain ecosystem that allows for crosschain transactions and has dozens of use cases. This allows EXRT network to be an interoperable blockchain.
EXRT Token Features
a) Crosschain Fees & Fuel
Any crosschain transaction on EXRNchain makes a purchase of a small EXRT amount as a fee. EXRT is a digital fuel to interchain transfers and ecosystem of applications.
b) Governance
EXRT is a governance token that allows stakeholders to vote on everything that happens in the network (soft\hard forks, protocol upgrades, integrations, difficulty).
c) Staking
EXRT has 2 staking ways: rewarding stakeholders for securing the EXRT & EXRN networks each block (block rewards) and EXRNchain crosschain fees distributed fairly between all stakers on EXRT network.
Frequently Asked Questions
- EXRT’s relation to EXRNchain?
EXRT Network is being developed by EXRNchain team and is designed to support and secure EXRNchain ecosystem. However, EXRT Network is an independent blockchain and it’s features are not limited by suiting some needs. EXRT Network can be used by any developers to create and run DApps, blockchain projects and protocols on.
- EXRT Distribution
Total Supply: 1 Billion EXRT
Distributions: 500 Million EXRT
Team: 200 Million EXRT
Investors & Partners: 200 Million EXRT
Ecosystem Development: 100 Million EXRT
- When exchanges & whitepaper?
EXRT Network team is working to get EXRT listed on different exchanges, but there is no estimated time on when this will happen.
Currently EXRT Network team is more interested in launching testnet in the coming future than writing a whitepaper. We might do it at some point, but not sure that it is needed once we launch the test/mainnet.
- What is current circulating supply?
There are 62.5M EXRT set for each distribution. As currently only 1 distribution happened, the circulating supply at the moment is 62,500,000 EXRT. Some of team\partners\ecosysytem tokens can join circulation at any time as they are not locked.
- Why is EXRT an ERC20 token?
EXRT has been deployed as ERC20 token to distribute it among EXRN holders and allow for free market trading of it, while it is still being developed. Once mainnet launches, EXRT tokens will be swapped to mainnet coins.
- Can I purchase EXRT allocation directly from the team?
Yes, there are 200M EXRT tokens set aside for investors and partnerships. Please email us at team@exrnchain.com with your offer and amount of ETH\BTC you would like to invest.
How can I get EXRT?
a) Distributions
62.5 Million EXRT tokens are distributed to EXRN holders each quarter.
You need to hold EXRN in your wallet and submit your application for each distribution. Direct contributors to EXRNchain team receive 10x more EXRT rewards each quarter. Buy EXRN tokens from the team and get 10x EXRT:
https://exrnchain.com/contribute
b) Private allocation
Please email core team of EXRT Network (team@exrnchain.com) to purchase allocation of EXRT tokens directly with BTC\ETH. Please specify your budget in the email.
c) Exchanges
EXRT is coming to exchanges soon.
That’s it. Thank you community for constantly supporting our project. We are thankful and will continue to update you on our progress.
