Ethershift

5 min readDec 16, 2018

TRADING UP & COMING ERC20 TOKENS JUST GOT A LOT EASIER

Very good evening to all this beautiful community as is the brotherhood of Medium, my sincerest greetings and a big hug for all. In this new opportunity to publish, I want to present a very eye-catching project that since I am publishing articles about ICO had not seen one like it and for me is super interesting, without further preambulos I want to introduce to ETHERSHIFT

Ethershift is a service that allows users to quickly and easily exchange between different ERC20 tokens at the market rate minus a fee, without having to go through the hassle of signing up at an exchange, or learning how to use a decentralized exchange like IDEX. Decentralized exchanges like IDEX are amazing, however a lot of average crypto currency investors feel like they are too complicated, and therefore a lot of great projects never get the exposure they deserve. Ethershift is making the process of acquiring the best and up & coming tokens easier than ever before.

Features

How Ethershift works?

To exchange tokens, users send value to a special address (which indicates the type of token they would like to receive back) and the exchanged value will be sent back to them at the address they sent the original tokens from. This user experience is implemented by fulfilling the exchange using hot wallets, and then later mirroring the trade (at a hopefully equivalent rate) on an exchange, and periodically re-balancing the exchange/hot wallets. Ethershift takes a cut of profit (half of it in the form of the input token, half of it in the form of the output token) to account for the risk of the exchange rate changing. Third-parties are able to integrate Ethershift into their own systems and receive a 50% cut of the profit via the Ethershift API.

Back-end service

The back-end service is an application written in Node JS, running on Amazon EC2. To access the Ethereum network, a full node is installed on the server, and the back-end service communicates with it through its JSONRPC API. The service uses an SQL database to keep track of profits.

What solution does ETHERSHIFT provide?

After a tokens ICO is finished, the tokens are typically sent to the investors immediately. Listing on major exchanges takes a lot of time and money and is usually not a speedy process if it ever happens at all. A handful of decentralized exchanges have popped up that allow for first access to these tokens, however they are difficult to use for the average investor. Since the process to acquire these tokens seems hard to the average buyer, most will simply not buy them, and wait for them to be listed on bigger exchanges, and by then, they have already missed out on big gains. Ethershift lists up and coming tokens the SAME day they’re released from their ICO and available on the market.

Strengths of the ETHERSHIF System

Two-factor authentication on all accounts (AWS, the domain registrar, etc.).
Each system is running on its own dedicated hardware, to avoid possible theft from cross-VM side-channel attacks.
All software on the servers, including the Ethereum node, must be updated regularly.
Disabling of all unnecessary services on the servers.
Don’t run anything as root unless it’s absolutely necessary.
Administer the servers with SSH, and turn password authentication off so that the only way to get in is to have the SSH private key. Only administer the servers from the administration laptop.

What is the Ethershift Token?

The Ethershift token is an ERC20 token that represents a revenue share of 50% of ALL fees collected by Ethershift. Each quarter that 50% will be airdropped to Ethershift token holders.

Each transaction made on any of the Ethershift products yields a fee of up to 5%. The system automatically calculates the gross fee Ethershift collected after gas, and splits it into 2 wallets. One wallet is used for operating costs, salaries, legal, etc, and the other wallet is used to airdrop tokens to all Ethershift token holders in proportion to their ESH holdings.

Token Details

Name: Ethershift
Symbol: ESH
Type: Utility Token
Accepted Currency: ETH
Token Supply : 15,000,000
TOKEN SALE
ICO start date 23 Aug 2018
ICO end date 16 Dec 2018
Token Stage
23 Aug — 30 Sept 2018 = SOLD OUT
05 Nov — 18 Nov 2018 = SOLD OUT
03 Dec — 16 Dec 2018 = Ongoing
ICO token supply 7,500,000