Future of Elastic Finance Adaptive Transparent Community Driven
Our team launched Elastic as a social experiment. We understand that there really is no intrinsic value to the ESC token, aside from the value that the community and market place on it. ESC is a digital asset token similar to that of BTC, ETH, XRP and AMPL.
Our Mission
Elastic’s mission is to help to bring financial inclusion to the billions of unbanked and underserved people in developing regions around the world. As of 2017 data from the World Bank, globally about 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider. In 2014 that number was 2 billion.
Current Global Financial System
Digital financial services that meet the needs of emerging markets and the unbanked. According to McKinsey Global Institute if widely adopted, interoperable digital financial services could provide more of the population with access to important financial tools, while adding $3.7 trillion to emerging countries’ GDP by 2025.
Network Of Partners
Elastic will create a network of partners along with a global community with the ambition to provide the billions of unbanked and underserved access to a new level of financial power by 2030. This also aligned with the World Bank’s “Understanding Poverty initiative”. This initiative seeks to give the unbanked “access to a transaction account to store money.
ESC Has A Unique Volatility Mechanism
Unlike the thousands of cryptocurrencies currently in the cryptocurrency space, ESC has a unique volatility mechanism that is hard coded with smart contacts, which makes it immutable. This self adjusting volatility mechanism allows it to be uncorrelated with other assets in the cryptocurrency space, thus allowing ESC to be utilized as a hedge against systemic turbulence in the crypto market. The Elastic Coin team’s vision is that price of ESC volatility is mitigated, thus allowing ESC to be better suited as a global reserve digital commodity than the existing cryptocurrencies currently out in the marketplace.
What is ESC
Our team launched Elastic as a social experiment. We understand that there really is no intrinsic value to the ESC token, aside from the value that the community and market place on it. ESC is a digital asset token similar to that of BTC, ETH, XRP and AMPL. Our token contains the core AMPL principles with the a set time rebase every 24 hours when out of equilibrium. Elastic Coin can function as a digital commodity like an asset with a dynamic supply. ESC can serve as a synthetic digital commodity token with a built-in ability for the supply to expand and contract in response to the market price’s deviation from its equilibrium price target.
Unlike the thousands of cryptocurrencies currently in the cryptocurrency space, ESC has a unique volatility mechanism that is hard coded with smart contacts, which makes it immutable. This self adjusting volatility mechanism allows it to be uncorrelated with other assets in the cryptocurrency space, thus allowing ESC to be utilized as a hedge against systemic turbulence in the crypto market. The Elastic Coin team’s vision is that price of ESC volatility is mitigated, thus allowing ESC to be better suited as a global reserve digital commodity than the existing cryptocurrencies currently out in the marketplace.
Our Vision?
Elastic’s mission is to help to bring financial inclusion to the billions of unbanked and underserved people in developing regions around the world. As of 2017 data from the World Bank, globally about 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider. In 2014 that number was 2 billion.
The current global financial system does not meet the needs of 1.7 billion unbanked members of our global society. Digital Assets, Blockchain and Distributed Ledger Technology have the potential to transform how unbanked and underbanked populations access basic financial services. To achieve universal financial inclusion, digital financial services need to be affordable and accessible to all.
FAST
ESC will be launch as an erc20 token on the Ethereum Blockain. Transaction time is determined by how much traffic is on the Ethereum Blockchain. Transaction time usually takes a few minutes.
EASY
ESC is currently being traded on Dex such as Uniswap. We are looking to list ESC on CEX in the near future.
SECURE
We are built on solidity by experienced senior developers with a deep knowledge and understanding of blockchain and solidity. ESC can be kept securely on an offline wallet such as MetaMask or Ledger.
Tokenomics
(Lock for 1 year, 30% after 1st year,
50% each year after)
Miners Incentives
Expansion & Adoption (Locked for 1 year)
and future exchange
Employees Pool
(6 Months Lock
with 25% release/quarter)
(Release over 30 days)
(Locked for 1 year)
Token Allocation
Total Supply
Initial Token Release (Release over 30 days)
Liquidity Pool - Uniswap and future exchange
Liquidity Providers/Miners Incentives
Business Development
Community Incentives
Private Investors (6 Months Lock with 25% release/quarter)
Future Advisors & Employees Pool
Reserve for Ecosystem Expansion & Adoption (Locked for 1 year)
Foundation - Philanthropy (Locked for 1 year)
Foundation - Team (Lock for 1 year, 30% after 1st year, 50% each year after)
Treasury Reserve
Daily Rebases
Simply hold/stake ESC in your Ethereum wallet. Rebase will occur every day at 6 PM PST when the price is out of equilibrium. Global supply of ESC will rebase automatically across all wallets that’s holding ESC.
Liquidity/Mining Incentives
How is ESC different Bitcoin
A key value proposition of ESC is that it is a synthetic digital commodity. It can serve as a financial instrument that is uncorrelated with both other crypto-assets and other traditional asset classes such equities, bonds, real estates, precious metals, physical commodities, etc.
ESC will initially launch as an erc20 token on the Ethereum blockchain with plans in the roadmap to migrate over to its own platform. The protocol is intended to produce a long-term stable digital commodity like cryptocurrency. It will rebase every 24 hours when out of equilibrium to either increase or decrease the global supply of ESC across all ESC wallet. The percentage of rebase is determine by the market price of ESC, provided by oracle data.
The Law of Supply and Demand is an economic theory that explains how supply and demand are related to each other, and how that relationship affects the price of goods and services. It’s a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. Supply and demand rise and fall until an equilibrium price is reached.
This fundamental economic principle exists in everything around us. This principle also exists in our monetary system where central banks will increase or decrease the money supply to ensure a nation’s economy remains healthy.
ESC can be both inflationary and deflationary, but non-dilutive to existing holders.
How does rebase work ?
Time: 6 pm PST
Target Price: $1.00
Positive Rebase when Price greater than 1.06
No Rebase “Equilibrium” when price is between 0.96 – 1.06
Negative Rebase when price is less than 0.96
Rebase formula: (Current Price – Target Price) / 10 = Global Supply Change
Target Price is fix at 1.00
CP = Current Price
TP = Target Price
RGS = Rebase Global Supply
(CP – TP) / 10 = RGS
Example:
Current Price: 1.20
Target Price: 1.00
Supply Change: (1.20 – 1.00) / 10 = 0.02 ~2%
Rebase Global Supply Trigger Price Rebalance
RGS = Rebase Global Supply
PR = Price Rebalance
PR Formula = RGS x -1
Example A: RGS is 2%
PR: RGS x -1
PR: 0.02 x -1 = -0.02, therefore a PR of 2%
Example B: RGS is -1%
PR: RGS x -1
PR: -0.01 x -1 = 0.01, therefore a PR of 1%
Our price data is taken from our Uniswap price currently. As ESC is listed on more exchange we will create price oracles to take the average of the weighted price volume from participant exchanges.
Digital financial services that meet the needs of emerging markets and the unbanked. According to McKinsey Global Institute if widely adopted, interoperable digital financial services could provide more of the population with access to important financial tools, while adding $3.7 trillion to emerging countries’ GDP by 2025.
Elastic will create a network of partners along with a global community with the ambition to provide the billions of unbanked and underserved access to a new level of financial power by 2030. This also aligned with the World Bank’s “Understanding Poverty initiative”. This initiative seeks to give the unbanked “access to a transaction account to store money, send and receive payments as the basic building block to manage their financial lives”.
The Vault
What is VAULT
The Vault is where community participants can participate in our ecosystem of products for our community and partners. Here you will be able to stake your LP tokens. We will also create staking incentives for your ESC as well as other tokens. Additional products will be roll out in 2021.
Elastic
Read and learn how Elastic is solving the fundamental issues in DeFi applications through an evolved approach.
SOCIAL CHANNELS
Legal Disclaimer
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. The Elastic Coin “ESC” team does not recommend that any ESC tokens should be bought, sold, or held by you. Please do your own due diligence before purchasing ESC tokens. By purchasing ESC tokens, you agree that you are not purchasing a security or investment and you agree to hold the team harmless and not liable for any losses or taxes you may incur. You also agree that the team is presenting the token “as is” and is not legally required to provide any support or services. You should have no expectation of any form from ESC and its team. Always make sure that you are in compliance with your local laws and regulations before you make any purchase.
