Digital, Secure & Fully Decentralized Utility token
What is it ?
Epsilon token is a new peer to peer digital token, a utility token with the purpose to host trasactions on a completly decentralized system with prices not dependent on fiat currencies, to see if and how the cryptocurrency market will stablize and eventually succeed as an alternative to privates, banks, fiat currencies & store of value type assets by being owned by the community.
Epsilon token, like Cygnus token, operates as a store of value that can be transferred easily everywhere in the world with zero transaction cost & speed without third parties and no third party fees. It is projected to be a utility cryptocurrency for the community making everyone profit from its advantages.
CYGNUS TOKEN IS BUILT UPON BLOCKCHAIN TECHNOLOGY, WHICH ALLOWS THE TOKEN TO PROVIDE HIGH LEVEL SECURITY TO ITS USERS
EASY TO USE, FROM ACQUIRING IT THROUGH EXCHANGES TO STORING IT, TRANSFERING IT AND ADOPTING IT
BEING BUILT UPON BLOCKCHAIN TECHNOLOGY ALLOWS CYGNUS TOKEN TO BE TRANSPARENT, BY ENABLING EVERYONE TO VIEW THE TRANSACTIONS ON A PUBLIC CHAIN
EPSILON TOKEN SUPPLY IS CAPPED AT 20.000.000,00 EPS TOKENS (TWENTY MILLIONS), WHICH HAVE BEEN CREATED AT GENESIS, NO FURTHER TOKENS CAN EXIST BEYOND THIS NUMBER
EPSILON OPERATES AS A STORE OF VALUE THAT CAN BE TRANSFERRED EASILY EVERYWHERE IN THE WORLD WITH ZERO TRANSACTION COST & SPEED WITHOUT THIRD PARTIES AND THRID PARTY FEES AND IT IS ACCESSIBLE TO EVERYONE IN THE WORLD EVEN IF THERE IS NO ACCESS TO A TRADITIONAL EXCHANGE
EPSILON TOKEN IS A DIGITALLY SCARSE ASSET, WHICH MEANS THAT THERE WON'T EXIST MORE THAN 20.000.000,00 EPS TOKEN, GOLD & BITCOIN HAVE THE SAME PROPERTIES OF EPSILON, WHICH COULD EASILY SOLVE A HUGE AMOUNT OF ISSUES THESE ASSETS HAVE
A) NO MIDDLEMANS :
BEING BUILT UPON BLOCKCHAIN TECHNOLOGY ALLOWS EPSILON TOKEN TO BE DECENTRALIZED BY ENABLING USERS TO ADOPT IT WITHOUT THE INTERVENT OF A MIDDLEMAN OR A THIRD PARTY.
B) VALUE :
INSTEAD OF RELY ON THE COMPANY CYGNUS LLC. AS A BACKER OF THE DIGITAL TOKEN BY HOLDING THE CASH EQUIVALENT OF THE CIRCULATING SUPPLY, EPSILON WILL BE FULLY PEER TO PEER, IT IS THE COMMUNITY WHO DICTATES EPSILON TOKEN VALUE BY TRADING & ADOPTING IT, MEANING THAT THE MORE USERS EPSILON HAS THE MORE WILL BE VALUABLE, BEING NOT BACKED BY ANY CENTRALIZED ENTITY ENABLES IT TO BE A PERFECT STORE OF VALUE THESE DAYS WHERE EVERYTHING IS UNCERTAIN, THIS ALSO MEANS THAT IT SERVES AS A BETTER STORE OF VALUE THAN FIAT CURRENCIES WHICH LOSE VALUE DUE TO THE INFLATION. IN THE LONG RUN, IF EPSILON TOKEN CONCEPT WILL SUCCEED, ITS COMMUNITY WILL AGREE ON A COMMON VALUE AND ITS PRICE WILL STABILIZE.
C) DEX :
EPSILON TOKEN WILL BE QUOTED ON MULTIPLE DECENTRALIZED DIGITAL ASSET EXCHANGE PLATFORMS, WHICH MEANS THAT EPS WILL BE ALWAYS AVAILABLE FOR TRADING EVEN IF A CENTRALIZED EXCHANGE GOES DOWN, MEANING THAT EPS WILL BE UP AND RUNNING 24H/24H 365DAYS/365DAYS.
Epsilon token is a utility token usable solely on Cygnus related products or services, which provides diffrent real usecases and expansion of blockchain technology adoption & knowledge. Here's the list of Epsilon token usecases :
Digital token in Cygnus marketplace, meaning a medium of exchange between users inside the platform;
Reward-token, used to provide rewards to users, from the platform to users and from users to users;
Charity token, by being used to provide charity donations;
Membership token, purchase subscriptions on Cygnus-related platforms.
In-app/in-game purchases token, by being integrated as an utility token to purchase in-game content inside a particular app/video game;
Video game skill-based betting token, by being integrated as an utility token to bet on in-game matches in some particular video games.
More usecases are going to be implemented due to the release of multiple new products.