EasyBlock’s New Project EasyDCA will Launch Next Monday
As we mentioned multiple times in our previous posts, we think the next bull run’s focus will be real utility. The bull run of 2017 was driven by countless ICOs, the bull run of 2020 started with GameFi and continued with complicated high APY DeFi projects. The next will probably revolve around projects built for providing real utility.
With this vision, we launched EasyBackup (a decentralized wallet inheritance, and backup protocol) back in February. Next Monday, August 21st, we will launch our second real-utility project EasyDCA.
What is EasyDCA?
Dollar-cost-averaging (DCA) is one of the most simple and popular investing strategies offered by centralized exchanges which is buying some amounts of a cryptocurrency over a period of time, for example buying $100 worth of Ethereum every week.
Even though most of the centralized exchanges offer this service, the decentralized ecosystem lacks a solid DCA protocol. EasyDCA aims to fill this gap.
EasyDCA will be a protocol that allows users to create their own dollar-cost-averaging strategies. They will choose the coin they want to accumulate, which stablecoin they want to use, and the buying period. For example, they can create an order to buy $5 worth of Ethereum every week with USDC. Then the purchases will get executed automatically without the need for further interaction.
Users will be able to see the historical data about the automated purchases made directly on the website. Useful statistics like the average price of purchase and total accumulated coins are also shown to the user in addition to single purchase statistics.
Benefits of EasyDCA
The primary benefit of EasyDCA is that you won’t be trusting a 3rd party with your keys or crypto. You will be able to perform your own DCA strategy decentrally.
In addition, the coin you will use for purchase won’t be locked up, it will stay in your wallet until the time of purchase and the purchased coins will get directly deposited into your wallet.
Lastly, all purchases on EasyDCA will be executed with ParaSwap’s API through decentralized exchanges which will let your purchase have the best rates.
Launch Schedule and Chains
EasyDCA will be first launched on Fantom Network on August 21st. Afterward, it will quickly expand to other major chains: Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, Ethereum, etc.
The order of expansion to other chains will be determined by community voting which will be held on our Discord VIP Channel.
Fee Structure and Benefits for $EASY Token and EasyClub NFT Holders
Every purchase executed through the EasyDCA platform will have a fixed fee of $0.50 plus 0.5% of the purchase amount. All of these fees will be distributed to $EASY stakers ($xEASY holders) and EasyClub VIP stakers. You can stake your $EASY on EasyBackup’s website and your EasyClub NFTs on our NFT website.
In addition, if you hold more than 10,000 $EASY in your wallet, you will be able to use EasyDCA completely free of charge on the Fantom network.
What is next?
In the following months, we will continue to improve EasyBackup and EasyDCA.
We have a special VIP channel in our Discord, so if you want to get in close communication with the team, be sure to join.
