EPU: Ethanim’s revolutionary token powering the whole ecosystem
EPU is a utility token and unit of value in Ethanim and it is the core of Ethanim’s economic model. The Ethanim blockchain platform and the metaverse applications on top of it are enabled to function properly with EPU, and the ecological value of Ethanim will be expressed by EPU.
Until the Ethanim community is fully established, the issuance and regulation of EPU, its allocation ratio, and more issues will be governed by the TRIAS holders of the Trias community.
There are mainly three user groups of EPU holders:
1. Application developers: Building DApps on Ethanim will generate fees that will be paid by EPU. Developers are the key builders of the Ethanim ecosystem, and Ethanim provides developers with more and more flexible incentive schemes than traditional approaches:
● Application Development: Developing applications on Ethanim will not only give developers EPU but also continuous EPU rewards based on the application’s popularity after it goes online. Popularity is determined by the number of users of the app, GAS fee consumption, average user usage time, and other factors.
● Hackathon Participation: Getting EPU rewards for participating in events such as hackathons held by Ethanim.
● Code Contribution: Ethanim, as a decentralized system, needs more developers to work together to develop. Developers who contribute to the Ethanim system by developing the system, finding bugs, fixing vulnerabilities, etc. will be rewarded with EPU.
● Originality Bonus: Original applications that are transformed into different versions can receive a share of the derivative application revenue.
2. Platform users:
Like Ethereum and other blockchains, EPU is used by users to pay for the use of metaverse applications on the Ethanim platform or to stake to earn interest. Users are the foundation of Ethanim’s ecology. It is a principle of Ethanim’s economic model to enable users to obtain EPU in more and more low-threshold forms, and users can obtain EPU in a number of ways including but not limited to the following:
● Validation Mining: Staking EPU to run the validator client and receive staking rewards by completing the verification of the reliable state of the RSM. Ethanim provides users with a very low-threshold way to participate in mining. The validator client is integrated into the application market client, and users can choose to perform validation at the same time to receive token rewards, regardless of whether they are using any application or just hanging in the background. The number of token rewards will be allocated according to the running hours and the reputation value of the validator.
● Community Contribution: Ethanim sets aside tokens for the community, which will be given in airdrop to users who contribute to the community, such as volunteers, advice providers, marketing promoters and more.
● Using applications: Using apps on Ethanim will earn EPU airdrops, the more frequent users use the platform, the more EPU they will get. And the frequency depends on the early participation, long-time application using and more.
● Authorized staking: Users can stake EPU to the consensus node to participate in consensus voting and get the staking rewards.
3. Miners: Miners need to stake EPU to run consensus nodes, validators, and storage nodes. Miners are the basic components of the Ethanim system and keep it running properly. Miners with different roles receive tokens in the following ways:
● Consensus Node: The Leviatom protocol of Trias is applied to Ethanim’s consensus layer. Miners are rewarded with EPU by staking TRIAS to run consensus nodes, maintaining main chain security, performing smart contract computation, and completing snapshot retrieval requests, etc.
● GPU Mining Machine: Miners can connect GPU mining machines to Ethanim virtual GPU resource pooling and get token rewards based on their GPU computing power contribution.
● Storage Nodes: Storage nodes are responsible for running Ethanim’s eternal file system, where users can access their own idle hard drives and receive staking rewards based on the amount of storage space provided and the length of continuous storage.
● Validators: Validators can be run by users with consumer-grade devices, which is a very low threshold and can benefit more common users and promote the decentralization and horizontal scalability of the system. More details can be found in “Validation Mining” in the next article.
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