We are pleased to announce our next AMA on December 14th 2020 at 02:00 PM UTC Time: Satoshi Club x Eclipseum
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Eclipseum Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Eclipseum Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Eclipseum
For more details:
Eclipseum – @eclipseumcoin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What incentives are offered to hodlers of Eclipseum token? How can our community benefit from providing liquidity to the project?
What real life issue does Eclipseum aim to tackle? How does the project add value to the crypto space and the world at large? What marketing strategy is in place to increase adoption of Eclipseum token?
In one of your previous AMA you said that your protocol is immutable to build trust, and so it can’t be manipulated by bad actors while immutability may build trust in the short run, change is needed in the long run, wouldn’t it be beneficial with some sort of community governance in place for technological changes in the future?
I saw in your tweet that it is better to trade and add liquidity on your website compared to uniswap. Have you ever think if there will be a mass sell of $ECL? Will it have a big impact on the price knowing that you have an elastic supply system? Can it help to save the price?
Can you please tell us about your roadmap? And also the link of your site? Does any token locked in the liquidity? If so, how much? And for how many months or years? Do you have plans to add more liquidity on Uniswap or will you stay focus on your own website?
Can you explain your tokenomics? What is the maximum supply and what is the burning rate of $ECL tokens? What are the function of the Elastic supply system and what features that makes Eclipseum unique?
You mentioned in the White Paper that A user may buy ECL by sending ETH to the ECL pool using the buyEcl function. The contract calculates the quantity of ECL bought using Equation and sends this quantity of ECL to the user’s account. As a result of the transaction, the ratio of ETH balance to ECL balance in the liquidity pool increases, thereby increasing the eclPriceInEth. Similarly, the sellEcl function always decreases eclPriceInEth. What are the transaction fees?
You mentioned it in the white paper Constant Product Automated Market Maker (CPAMM) Equation is utilized to calculate the amount of a token a user receives from a liquidity pool when they send a given amount of the other token.What is the formula or method for calculating in the Eclipseum project?
You mentioned in the White Paper that the Eclipseum smart contract implements all functions necessary to comply with the ERC-20 token standard . These ERC-20 functions are inherited from the OpenZeppelin ERC20.sol contract. that oublic functions included in the contract. The descriptions of these functions are simplified versions of the actual functions of the contract What are the functions of the contract? And what are the advantages?
The Price / Sales (P/S) ratio is a metric traditionally utilized for valuation of stocks to determine whether the asset is overvalued or undervalued and
DeFi protocols can be analyzed using this ratio, where the “sales” is the value the protocol generates via transaction fees or other means!!!What is your plan to stable the price of Eclipseum ?
Do you have any buyback plan?
A larger eclLiquidityRatioAsymptote would provide more liquidity, but would result in
less potential price upside, and therefore create less incentive to early adopters.
Conversely, a smaller eclLiquidityRatioAsymptote would provide less liquidity, but result
in more potential price upside, and therefore create more incentive to early adopters. What are your liquidity ratios? and what are the liquidity problems of the Eclipseum project?
So what happens? if the DAI pool is arbitrage traded to maintain the external ETH/DAI price, and the ECL pool is arbitrage traded to maintain a poolEthRatio of one?
Liquidity is a major issue for the DeFi project, so does $ECL have a liquidity program to drive natural token demand and liquidity?
How much was raised during the private sale and how much are you raising now ? What is circulating/total supply ? Team Tokens Lockups ?
Can you please tell us what more is about to come for $ECL in terms of roadmap?
Eclipseum contains two AMM liquidity pools. The ECL pool and the DAI pool… what are the differences that do exist between this two pools of yours, why have you decided on starting with this two pools, will you also be expanding the number of your AMM pools in the future if yes what kinds of pools will you be looking at and how will the selection for what Token will make up the new pools be decided on…
On your Website you have the “Soft Sell ECL” function which is an alternative function to the “Sell ECL” function.. How does this “Soft sell ECL” function differ from the normal “Sell ECL” function, under what conditions and in what situations can a User use the “Soft Sell ECL” function.. does using this function attract the same fees as the “Sell ECL” Function
Eclipseum contains a game theory which you have designed to minimize the ECL price downside volatility… by incentivizing ECL buyers to buy ECL immediately after ECL is sold by a different user… What is this Game theory and How does this game theory Incentivize user to buy ECL from Immediate Sellers.. I am also thinking if your game theory will Incentivize users to buy ECL immediately it is being sold by a different user will this theory also work In discouraging Users from Selling ECL…
It’s great that Eclipseum is entirely immutable. However, the dark side of the immutability concept in smart contracts lies mainly in the fact that in the event of any errors made in the code, the immutability feature of a smart contract prevents it from being rectified. How does Eclipseum guarantee this smart contract is completely secure?
I haven’t seen your roadmap on the website, but it looks like Eclipseum hasn’t had a partnership so far. Are there any future partnership plans? some mayor partnerships maybe?
You have over 600 members on Telegram, website has been redesign, community members are voluntarily locking up their ECL tokens, over 400 token holder accounts. You achieved these milestones in a short period of time. Since your road map is not publicly share yet, can you share with us some of your future plans with regards to not having the intention of a rug pull?
Why is there no stable or fixed total supply of the ECL token? Why was it designed to constantly change and increase or decrease?
Why do you think governance is not necessary on the Eclipseum platform?
From website,
Automated market making and
elastic supply integrated to engineer and the optimal store of value asset: Eclipseum
I don’t understand what do you mean saying automated market making. It is very confusing, what is market making and how it can be automated. Please explain.
Eclipseum (ECL) is an ERC-20 token designed to be an anti-fragile active. What decentralized methods do you use to make your token resistant to depreciation? In the DeFi world the markets are very fluctuating, especially when it comes to currencies that are not stable, how come ECL does not suffer any exchange rate in these situations?
Eclipseum has an AMM liquidity pool, which contains DAI and ETH. How is it that through these pools the $ECL token is revalued? How does ETH/DAI price volatility generally increase the ECL price at ETH?
Eclipseum has an elastic supply system that coins or burns $ECL group ECL tokens in response to each $ECL transaction. How does this method allow $ECL to absorb some of the fluctuations in supply and demand, resulting in a more stable $ECL price?Can you explain this in more detail? Thank you!
From medium article,
No statements within this article should be interpreted as financial advice. Eclipseum is an experimental asset. Use at your own risk.
Does this means that Eclipseum team is not experienced and since it is experimental, what will be experimented with it?
What is the role of the flexible supply system that shrinks or burns the ECL in the ECL liquidity pool with each ECL trade in reducing price volatility and increasing liquidity?
How do arbitrage opportunities occur in the liquidity pool with the change of ETH price in foreign markets and how much of the transaction fee is transferred to the ECL pool?
How does Eclipseum apply the engineered game theory it uses to reduce the downside volatility in ECL price and how does it encourage users to buy ECL?
Why is it that Eclipseum token is not listed on coingecko yet? Can you please give information concerning tokenomics of Eclipseum?
Users can buy and sell $ECL directly from the Eclipseum ECL pool. Is there any benefit about it? And how does this project educate their users to manage their assets properly?
One of the core features of Eclipseum is their elastic supply system. What is the role of the market cap in this system? Do you have an example?
– The Eclipseum token ($ECL) is considered a shock-resistant token. Can you explain what this feature refers to and how do you make it possible?
– According to the Eclipseum algorithm, under what circumstances is the activation of a rebase determined? Can this happen several times during the same day?
– What do you want to express with the name Eclipseum? Do you think that this token will eclipse the others that are in circulation?
it seem the mechanics of ECL is creating a high liquidity coin, while creating an ever increasing store of value, as well as, reducing downside volatility. Can you explain how this is supposed to work?
In one of your publications you comment that Eclimpseum has been developed by only one person. Is this true? Has the whole idea of Eclipseum, development, programming and marketing been done by you alone? Did the capital also come from your own pocket?
Referring to your elastic delivery system you comment that “When ECL is sold to the ECL pool, ECL is burned from the ECL pool. My question is: Is there a limit to this burning? In an unfavorable scenario where ETH is experiencing a sharp drop in price and for a long time could not bring the supply to minimum values?
In documentation you mention that we can trade $ECL token in Uniswap and also the Eclipseum smart contract. What is the difference of using one or the other? Will the prices vary?
Taking a look at your charts, there’s a falling in $ECL price in the last hours. Why is that happening?
I haven’t see any collaborations with this project in your technical document. But I did realized about the option of installing Metamask directly from your app. Are you related to Metamask in some manner?
As one of the quick facts of Eclipseum is stated that “there is No VC investors, no pre-launch token sale. Developed and deployed by a solo developer.” So can you explain to us how will your platform obtain funds especially for liquidity without having pre-sale of your token? Why did your platform decide to not conduct a presale for $ECL token? Can you explain more about the interesting fact that your network is being developed and deployed by only one developer? How does the solo developer do it? Can you share some of the background of the developer in Eclipseum? Thank you!
Can you explain more about the feature of Eclipseum which is the Price Downside Volatility Mitigation? How does it works and function in your network? What is the pros and cons of this feature? How does your platform deal with the market volatility? Thank you
Eclipseum has an Elastic supply system feature. So how does this elasticity of supply being applied with $ECL token? Can you explain when does the elasticity of supply takes place?
According to the game theory that Eclipseum applies one of the ways it has to minimize downward price volatility is by encouraging ECL buyers to purchase ECL immediately after ECL is sold by a different user… My question is: How do you encourage them to buy, and how are you sure they will?
What is an anti-fragility token? First time I hear that term accompanied by the word token, can you explain to us what it means and how it differs from a “normal” or “fragile” one?
Something common in the protocols used to stabilize the price of a token is that the amount in our wallet of these varies as you burn or coin the token. Will this happen the same way at Eclipseum?
Eclipseum has 2 pools: ECL Pool and DAI pool. I understand that these are not independent from each other. There are some interactions between them and I guess it is bidirectional. You created some functions which perform these interactions and some equations which are used by these functions. Looks complicated so can you elaborate about the relation between the 2 pools? What are the interactions and what missions are they needed to perform?
Currently the Eclipseum platform has 2 pools ( WETH and ECL) that are completely independent of Uniswap, so what do you guarantee a good Liquidity performance?
The fee to have access to anypool is 0.3%, but why the Half of the commisions generated by the DAI pool are transfered to the ECL pool?
The rebased projects has become very popular during these days, but Eclipseum is more of the same? Can you tell us what makes your rebase system unique?
As i can see, your contract is constant code, so you are unable to upgrade or alter token’s code.Do you worried that someone will fork ECL and add new lines of code for future profit?
Would trying to keep people informed of both pools sizes, and keeping them balanced would help accelerate volatility and growth?
As you said that ETH/DAI price volatility generally increases the ECL price. Can you explain more about this machanism? Will this attained by the generation of greater liquidity with ETH and DAI? Or are there other methods to revalue ECL token?
You have integrated elastic supply in Eclipseum ecosystem, and thus minting and burning are taking important role for the whole environment. This reminds rebasing system. Do burning and minting affect the users wallet balances like in rebasing? If yes, in what way; if no, where do the minted assets go and which assets are burnt? Can you also summarize the main differences between Eclipseum and rebasing systems in general?
Why did you decide to design your site simply as a menu? After all, all the items on the site are links to various social networks.
Are you minimalists or is your site really just a menu?
It is very convenient when I can find everything I need in one place, and not run to different messengers.
The ECL Soft Sell feature is an alternative to the ECL Sell feature that may be beneficial to ECL sellers in certain situations.
In what situations is this feature beneficial for ECL sellers, what is the main difference between Soft Sell ECL and ECL selling, and can it completely replace the regular ECL sale in the future?
Or are there any drawbacks?
What role does arbitrage play in Eclipseum ecosystem? The price of ECL on the web will be better than on Uniswap or vice versa?
What is the value of your ECL token, what are the ways to acquire ECL, its purpose and use, and what are the privileges of ECL holders?
What is the mechanism that Eclipseum uses for when the market is red to achieve the balance and this is invulnerable to these blows and maintains its price?
Q1. Can you tell us what is #eclipseumcoin? And a short story of how came up with idea for #eclipseumcoin?
How can we trust your project? We don’t know anything about your team members? Even you don’t have any roadmap or white paper! So, it confusing that where you wanted to take this project?
Can you tell us the motivation and benefits for investors to hold @eclipseumcoin in a long term investment and what plans do you have to drive demands and scarcity for the #eclipseumcoin
As I can see that Eclipseum still not list in coingecko or coinmarketcap, do you have any plan in the future to list Eclipseum Token price in coingecko/coinmarketcap?
After check your website, its looks like Eclipseum project don’t have governance system, can u please give us the reason? That mean Eclipseum project will never changes their system?
I see that Eclipseum is using the elasticity supply of token system, could you tell us how does that system work in your platform? And what is the benefit with have elastic supply from token?
You said in twitter that Eclipseum is a community based project but why you don’t have Governance System? As we know Governance is important feature if you want community contribute to your project, so can you please explain to us which one from Eclipseum feature is a community based project?
You invite people with skills in Web development, graphics, writing advertising content, and so on to join the working group … All vacancies are not related to work on the code. Do you think that you have written a flawless smart contract and the code does not need to be improved?Or do you think that everyone should do their own thing? You – the development, and the community – the promotion of the project to the masses. Did you manage to expand the team at the expense of the community? Tell us how the selection of candidates is going
I really liked the name of the link “Eclipseum Historical Chart”. But after clicking on it, I got to a completely blank page of your site. Considering that the pages of the site are black, it becomes creepy. Did you really have such a dark past and you do not see the light at the end of the tunnel at all? What should have been there, or was it intended?
Could you tell us exactly why eclipseum does not implement governance and voting mechanism? Because most of defi projects implement them?
How decentralisation is maximised by not implementing any governance or voting mechanism in eclipseum when on contrary most projects implement it for decentralisation ?
Figure 3 to show algorithm of a quantity of the ETH sent by the user from the ECL pool to the DAI pool is missing in whitepaper, can you please rectify it ?
In case of DAI Migration risk new Eclipseum contract can be set to the new DAI token address. At this point how DAI will function in old Eclipseum contract if the old DAI lose the price pegged to U.S dollar ?
Can you explain what is the difference ECL liquidity pool and CPAMM liquidity pool?
Why do Eclipseum need to transfer half of the transaction fees obtained by the DAI pool to the ECL pool in the form of ETH? Why just not add it to the DAI pool.
Eclipseum Platform omly have 2 pools ETH and DAI. Do you have plans to add other pools in the future?
What is used in the main indicator in #Eclipseum itself? And what about the liquidity ratio in the $ECL supply? What is the value of the last ECL tokens in circulation right now?