What is Grace Period Token (GPT) | What is GPT token

GPT (Grace Period Token) is a token used to delay the settlement of mortgage assets. It can also be mined by using EFG mortgages that comply with the ECRC-20 standard. GPT is designed through the ECRC-20 standard smart contract and provides a total of 10,000 tokens. GPT provides the need for contract clearing extension because it can be used to increase the grace period for margin call notifications. It has become the main factor in the protection of investors’ risk extension benefits in EFG’s lending behavior.

ECOC Financial Growth

EFG

(EFG) dApp is created based on smart contracts architecture. The basic logic is the system to be fully decentralized. The dApp goal is decentralized finance (DeFi) and it has fixed total supply (of 1, 000, 000 tokens). All the tokens, including the basic system tokens (EFG and GPT) and collateral assets, are ECRC-20 standard which is similar with ERC-20 (Ethereum) standard. They are freely transferable by users, and they can be even delegate handling(allowance). Additionally, the system can also accept ECOC (the native coin).

The EFG dApp can be cross-platform. This can be done with ‘wrapped tokens.’ Any assets (native coins or tokens) on any blockchain can be swapped in a decentralized way (atomic swaps), with wrapped tokens moving back and forth between Ecochain and the other blockchains. Wrapped tokens follow ECRC-20 standard so that they can join the dApp without problems.

EFG dApp also includes an Oracle system and open source client for user interface and interaction with the blockchains. Oracle system obtains real-time exchange rates from many different trusted sources and injects them into smart contracts. All these mean that the system stays decentralized.

EFG token details EFG has a total and fixed supply of one million tokens. That means that tokens can’t be created, minted, or burned. The token shares the same interface as the ERC-20 (Ethereum) standard, as already mentioned. The interface standard provides the owner’s functionality to transfer, allow some other entity to act for him, or even act on behalf of the other owner (if he gets an allowance from him). In short, it is easy even for third parties to build tools or clients to interact with EFG token.

GPT

GPT (Grace Period Token) is a token used to delay the settlement of mortgage assets. It can also be mined by using EFG mortgages that comply with the ECRC-20 standard. GPT is designed through the ECRC-20 standard smart contract and provides a total of 10,000 tokens. GPT provides the need for contract clearing extension because it can be used to increase the grace period for margin call notifications. It has become the main factor in the protection of investors’ risk extension benefits in EFG’s lending behavior.

Why EFG and GPT

EFG is a lending token in the ECOC ecosystem. Its design purpose is to promote the development of the ECOC ecosystem and improve the construction of the ECOC financial ecosystem. At the same time, EFG adopts hedging financial logic to achieve a high degree of balance and trust between the relationship between the borrower and the lender and the transaction market. Coin holders can use ECOC coins as collateral to withdraw. It solves the problem of holding cryptocurrency and those who need liquidity to invest in the cryptocurrency market without selling their assets. If he wants to maintain a long position in assets because investors believe that these assets will increase in value. In addition,

EFG token is about to launch GPT (Grace Period Token), which provides a more solid credit channel for borrowers to hedge. Hedging refers to investors placing bets on positions opposite to current positions in order to reduce the cycle risk of portfolio value fluctuations. Hedging is a strategy followed by rational investors (low risk and low expected profit). Currently, hedging (also called hedging) can only be done with a pair of cryptocurrencies. But in the future, when more currencies are introduced into the system, the combination of mortgage assets can be applied to hedging strategies. Because GPT was created to support EFG loans, GPT is used to delay the settlement of mortgage assets. Therefore, no matter what the exchange rate is, these innovative tokens are designed to support investors’ asset investment strategies.

INTRODUCTION

Collateral - In order to borrow the EFG Token from dApp, users need to firstly supply ECOC coins as collateral. Meanwhile, users cannot redeem or transfer collateral while it is locked.

Account Liquidity - How can you know what is your maximum allowed borrowing in EFG token. It depends on how much ECOC have you deposited as collateral. In EFG dApp the user must repay in EFG token the loan. Repay amount is based on calculations depending on the maximum borrowed collateral amount in ratio of 60%. The function calculates your account’s liquidity, which is based on EFG current value of the maximum allowed borrowing amount. But you would never borrow this much at once because your account may instantly be liquidated if the price moves in the wrong direction.

Total Debt - This is the user’s current borrowed amount plus the total interest that needs to be repaid. The maximum EFG token that users can borrow is the 60% of the total collateral value of ECOC. This is calculated with a simple to use function of the EFG dApp.

The Borrow Rate - Borrowers owe the prevailing interest rate of the asset they are borrowing. The borrowed loan and interest do not have to be repaid daily unless the amount of the collateral plus the borrower’s interest equal or more than 60% of the total deposited collateral amount. On this occasion, the EFG dApp system can liquidate the collateral.

Withdrawal - The borrower can reclaim the collateral back. To do this he must first repay the loan and pay the borrower’s total interest. The total debt is calculated by using the repay function in the EFG dApp at the time that the debtor repays back the loan.

Liquidation - A borrowing account becomes insolvent when the Borrow Balance exceeds the amount allowed by calculating as a ratio of 60% of the collateral amount. Having your account liquidated is bad because you lose all of your collateral.

Free Market - The EFG token that is supplied to the user can also be used as speculation in the cryptocurrency or financial markets.

Oracles - Oracles are the only entities that are authorized to inject real-world data into the smart contract. Specifically, they inject the exchange rates for each second(timestamp) of each pair of EFG (asset / USDT).

EFG TUTORIAL

ECOC Financial Growth

1st Step

1. Click the “Create New ECOC Wallet”
2. Setting the password.
3. Click ‘Create Button’
4. Click ‘Download Key store’ File Button.

2nd 2nd Step

1. Click the “Connect ECOC Wallet”
2. Press the Key store file text…
3. Click ‘Next’ button
4. Input the password…
5. Click “Connect” button

How to Deposit EFG?

1. Users can do the deposit via the scan QR code or copy text ECOC wallet address.
2. Input the wallet address for the deposit to transfer the token to the wallet.
3. Specify the amount, of tokens users need to transfer.
4. Press the ’ SEND ’ button to confirm your transaction.

How to Staking EFG?

1. Specify the amount as you need to staking.
2. Press the ’ DEPOSIT ’ button to confirm the transaction of staking.

Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE

Looking for more information…

☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Documentation
☞ Coinmarketcap

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #grace period token

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Buddha Community

What is Grace Period Token (GPT) | What is GPT token

GPT (Grace Period Token) is a token used to delay the settlement of mortgage assets. It can also be mined by using EFG mortgages that comply with the ECRC-20 standard. GPT is designed through the ECRC-20 standard smart contract and provides a total of 10,000 tokens. GPT provides the need for contract clearing extension because it can be used to increase the grace period for margin call notifications. It has become the main factor in the protection of investors’ risk extension benefits in EFG’s lending behavior.

ECOC Financial Growth

EFG

(EFG) dApp is created based on smart contracts architecture. The basic logic is the system to be fully decentralized. The dApp goal is decentralized finance (DeFi) and it has fixed total supply (of 1, 000, 000 tokens). All the tokens, including the basic system tokens (EFG and GPT) and collateral assets, are ECRC-20 standard which is similar with ERC-20 (Ethereum) standard. They are freely transferable by users, and they can be even delegate handling(allowance). Additionally, the system can also accept ECOC (the native coin).

The EFG dApp can be cross-platform. This can be done with ‘wrapped tokens.’ Any assets (native coins or tokens) on any blockchain can be swapped in a decentralized way (atomic swaps), with wrapped tokens moving back and forth between Ecochain and the other blockchains. Wrapped tokens follow ECRC-20 standard so that they can join the dApp without problems.

EFG dApp also includes an Oracle system and open source client for user interface and interaction with the blockchains. Oracle system obtains real-time exchange rates from many different trusted sources and injects them into smart contracts. All these mean that the system stays decentralized.

EFG token details EFG has a total and fixed supply of one million tokens. That means that tokens can’t be created, minted, or burned. The token shares the same interface as the ERC-20 (Ethereum) standard, as already mentioned. The interface standard provides the owner’s functionality to transfer, allow some other entity to act for him, or even act on behalf of the other owner (if he gets an allowance from him). In short, it is easy even for third parties to build tools or clients to interact with EFG token.

GPT

GPT (Grace Period Token) is a token used to delay the settlement of mortgage assets. It can also be mined by using EFG mortgages that comply with the ECRC-20 standard. GPT is designed through the ECRC-20 standard smart contract and provides a total of 10,000 tokens. GPT provides the need for contract clearing extension because it can be used to increase the grace period for margin call notifications. It has become the main factor in the protection of investors’ risk extension benefits in EFG’s lending behavior.

Why EFG and GPT

EFG is a lending token in the ECOC ecosystem. Its design purpose is to promote the development of the ECOC ecosystem and improve the construction of the ECOC financial ecosystem. At the same time, EFG adopts hedging financial logic to achieve a high degree of balance and trust between the relationship between the borrower and the lender and the transaction market. Coin holders can use ECOC coins as collateral to withdraw. It solves the problem of holding cryptocurrency and those who need liquidity to invest in the cryptocurrency market without selling their assets. If he wants to maintain a long position in assets because investors believe that these assets will increase in value. In addition,

EFG token is about to launch GPT (Grace Period Token), which provides a more solid credit channel for borrowers to hedge. Hedging refers to investors placing bets on positions opposite to current positions in order to reduce the cycle risk of portfolio value fluctuations. Hedging is a strategy followed by rational investors (low risk and low expected profit). Currently, hedging (also called hedging) can only be done with a pair of cryptocurrencies. But in the future, when more currencies are introduced into the system, the combination of mortgage assets can be applied to hedging strategies. Because GPT was created to support EFG loans, GPT is used to delay the settlement of mortgage assets. Therefore, no matter what the exchange rate is, these innovative tokens are designed to support investors’ asset investment strategies.

INTRODUCTION

Collateral - In order to borrow the EFG Token from dApp, users need to firstly supply ECOC coins as collateral. Meanwhile, users cannot redeem or transfer collateral while it is locked.

Account Liquidity - How can you know what is your maximum allowed borrowing in EFG token. It depends on how much ECOC have you deposited as collateral. In EFG dApp the user must repay in EFG token the loan. Repay amount is based on calculations depending on the maximum borrowed collateral amount in ratio of 60%. The function calculates your account’s liquidity, which is based on EFG current value of the maximum allowed borrowing amount. But you would never borrow this much at once because your account may instantly be liquidated if the price moves in the wrong direction.

Total Debt - This is the user’s current borrowed amount plus the total interest that needs to be repaid. The maximum EFG token that users can borrow is the 60% of the total collateral value of ECOC. This is calculated with a simple to use function of the EFG dApp.

The Borrow Rate - Borrowers owe the prevailing interest rate of the asset they are borrowing. The borrowed loan and interest do not have to be repaid daily unless the amount of the collateral plus the borrower’s interest equal or more than 60% of the total deposited collateral amount. On this occasion, the EFG dApp system can liquidate the collateral.

Withdrawal - The borrower can reclaim the collateral back. To do this he must first repay the loan and pay the borrower’s total interest. The total debt is calculated by using the repay function in the EFG dApp at the time that the debtor repays back the loan.

Liquidation - A borrowing account becomes insolvent when the Borrow Balance exceeds the amount allowed by calculating as a ratio of 60% of the collateral amount. Having your account liquidated is bad because you lose all of your collateral.

Free Market - The EFG token that is supplied to the user can also be used as speculation in the cryptocurrency or financial markets.

Oracles - Oracles are the only entities that are authorized to inject real-world data into the smart contract. Specifically, they inject the exchange rates for each second(timestamp) of each pair of EFG (asset / USDT).

EFG TUTORIAL

ECOC Financial Growth

1st Step

1. Click the “Create New ECOC Wallet”
2. Setting the password.
3. Click ‘Create Button’
4. Click ‘Download Key store’ File Button.

2nd 2nd Step

1. Click the “Connect ECOC Wallet”
2. Press the Key store file text…
3. Click ‘Next’ button
4. Input the password…
5. Click “Connect” button

How to Deposit EFG?

1. Users can do the deposit via the scan QR code or copy text ECOC wallet address.
2. Input the wallet address for the deposit to transfer the token to the wallet.
3. Specify the amount, of tokens users need to transfer.
4. Press the ’ SEND ’ button to confirm your transaction.

How to Staking EFG?

1. Specify the amount as you need to staking.
2. Press the ’ DEPOSIT ’ button to confirm the transaction of staking.

Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE

Looking for more information…

☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Documentation
☞ Coinmarketcap

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #grace period token

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

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SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

• The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
• It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
• The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
• It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
• The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
In today’s video, I will be showing you guys how to buy the FEG token/coin using Trust Wallet and Pancakeswap. This will work for both iOS and Android devices!
📺 The video in this post was made by More LimSanity
The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
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Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

• Dev burned all tokens in the wallet before the launch.
• Fair launch on DxSale.
• LP locked on DxLocker for four years
• LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

• Stable Rewards
• Manual Burning
• LP Acquisition
• Community Governed Tokens
• RFI Staking Rewards
• Automated Liquidity Pool
• Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

• The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
• It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
• The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
• It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
• The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
• Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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