EXRT Token News

I have created a page for EXRNchain on coinwik.org. I would appreciate if the EXRNchain community members can check the page and let me know if anything needs to be corrected. Also if someone wants to take over maintaining EXRNchain page, PM me and I can get you set-up. Please check this page and give feedback, thanks: http://coinwik.org/EXRNchain

Let me know what you think about this and if you have any questions.

The past few weeks have been a struggle for the crypto market and Etheruem in particular. The price slid dramatically and fueled speculation that ICO's had hit risk levels and were now dumping thier etheruem on the market to protect thier capital.

In a huge bear market when you are part of a small team, it is only that small team that you have to support. While larger projects have a board of Advisors, CEO's. COO's, Marketing teams and many other suitably titled parties. The EXRNchain team can keep up the steady momentum without the distractions that more heavily staffed projects may be facing.

On June 5th 2018 the EXRNchain team posted the following message:

Yon [EXRN Team]: Please note that we just moved our contribution funds to a more secure cold storage. Just wanted to make it clear in case anyone wonders why money moved. You can continue contributing to the same address as always. Thanks!

The address below is the one mentioned above and as you can see, the Eth movement is practically non existent.

https://etherscan.io/address/0x19bf5d3ab758d8dcc2f45f618e14d67df0e5e98f

The EXRNchain team has always exhibited tremendous levels of transparency and the team's message is highly indicative of this fact. It is an attribute for which the community are extremely grateful ,as within the fundamental doctrine of Crypto the requirement to trust is removed. With displays of transparency like this you need not trust in that for which you can verify for yourself.

Ferro.

“EXRN — Quick Update & Dev Status” @NassimBahloul https://medium.com/@nassimbah/exrn-quick-update-dev-status-707868a5a705

Since blockchain technology often seeks to remove intermediaries, it is ironic that users cannot easily transfer value between blockchains, and generally have to use an intermediary. Take the example of someone holding Bitcoin and looking to transact on the Ethereum environment. The user would have to complete at least three steps: register with a cryptocurrency exchange, exchange BTC for ETH, and register on the Ethereum environment to use its functionality (for example, purchase gas or enter into smart contracts). This is because most large public blockchains operate as standalone environments, disconnected from one another. However, increased interoperability among blockchains is emerging as an important blockchain trend and will help blockchain technology reach its full potential. What is Interoperability? Interoperability is the ability to easily share information and transact across blockchain systems. In a fully interoperable environment, if a user from another blockchain sends you something on your blockchain, you will be able to read, comprehend, and interact with or respond to it with little effort. There are three levels of interoperability:

1.Foundational level:allows data exchange between systems, without the systems to interpret the data.

2.Structural level:allows data exchange between systems with a defined structure or format where there is uniform movement of data. This level allows the information to be interpreted, but not interacted with or used.

3.Semantic level: allows data exchange between systems in a manner that allows the data to be interpreted and used.

SIDECHAINS

A sidechain is a blockchain mechanism that allows for a separate chain to be attached to the main blockchain, using a two-way peg. This enables the exchange of digital assets between the main blockchain and the sidechain. Sidechains were originally developed to help users test their apps on smaller, more manageable environments before deploying them to the main blockchains. Sidechain functionality was a step toward interoperability.

Conclusion. Once interoperability among the major public blockchains is achieved, users on a major public blockchain will easily be able to transact on other major public blockchains. This will unlock diverse functionality, including in payments, smart contracts, and data storage. It remains to be see how each blockchain’s security protocols, mining mechanisms, and economics will interact and mesh with those of other blockchains. A truly interoperable blockchain infrastructure could become the new backbone of the internet.

Credit to Shaan Ray, Ray Advisors.

Originalmediumarticle:

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://towardsdatascience.com/blockchain-interoperability-33a1a55fe718&ved=2ahUKEwic1Oz_5eTcAhXkPZoKHXcnA1YQwaICMAx6BAgSEBk&usg=AOvVaw2GxVkie3a83shgfEdJOBmd

Yon [EXRN Team]: We don't build any price expectations for EXRN, it's price will fully depend on it's usage and amounts of value being transacted through it.

Still, even at 10B marketcap, you would easily be able to transact $0.5. And I want to note here again that you are going to use EXRT (with 8 decimals) to transact with regular DApps. But If we are talking about cross-blockchain DApps (as you say in your message EXRN being used with DApp), then make sure you understand other expenses on such transaction, such as EXRNchain fee (0.01% or 15 cents) and transaction fees of connected chains. In such situation, it's not actually meaningful to make $0.5 interaction to a DApp via crosschain.

But fine, if we just imagine EXRN being at $1 or $10, there is no problem in changing EXRN to a 1 trillion or 10 trillion supply settings, while still accounting everyone's coins the same (meaning people will own the same amount that they owned percentage wise).

Also, there is no backend calculation that cares about USD value being transferred (as long as there are no USD-EXRN relayers). Sytem cares to provide you conversion from Asset1 to Asset2 at a set rate. We are talking here about USD values theoretically only. another point on this is that there is no ability to get 100% of your sent value even during on-chain swaps. In decentralized exchanges such as Bancor, Kyber and etc. you can see the rate and it always differs from a market price. So while you swap your $1000 worth of ETH and get $994 worth of some token, that's a small loss you pay, as it's almost impossible to get exactly same value during a swap transaction. Therefore, by this example, it's just not practical to imagine crosschain transaction of 16 cents.

To elaborate, imagine this 16 cents for some candy in the shop that accepts EXRNpay, you are willing to pay ETH, but seller wants to accept BTC. So there are (a) ETH-EXRN (b) EXRN-BTC transactions that require you to pay transaction fees (example $0.15 on ETH chain and $0.5 on BTC chain) + $0.15 EXRNchain service fee. That's $0.8 of fees for a $0.16 transaction. No sense. That's why additional losses of rounding it (if EXRN is 15 cents) do not change the whole picture.

Community, should the EXRN Devs be more aggressive for more Exchanges to trade on and really market the heck out of EXRN/EXRT or stay cool, calm and collective right now....Just a thought God I love this Project.....

PS. For PR purposes though I think we need you need to smile a little... Just saying ..

Can someone clarify this for me. when I buy 1 ETH of EXRN from the team I get a 10x bonus of EXRT from the team during the airdrop...so if I buy 3 ETH of EXRN from the team I get a 10x bonus of EXRT for each ETH I bought so a 30x bonus?

Also what is the EXRT bonus for buying 10 million EXRN from an exchange? It says some type of reward is given to someone who buys 10 million EXRN from an exchange and registers on the website but it doesn't say how much this will be. Anyone know?

Hi

Dear Team,

We are IDAX Exchange from Mongolia.

We'd like to seek the possibility of cooperation and list your project on IDAX.

For further information, please check our website: www.idax.mn (http://www.idax.mn/)

You can find out more about our data on coinmarketcap: https://coinmarketcap.com/exchanges/idax/

we provide two kinds of pairs: ETH and BTC.

We are sincerely looking forward to your response. Thank you.

Regards,

IDAX Team"

Exrn certainly has an exciting potential and most of us can agree to this ..However it will only be as good as its Investors/supporters...Believe in the project, have patience and Lets keep a strong Community support for the Team.....Our Community plays a vital role in the key to eveyones success.....

I'm fairly new to EXRN but after reading up on the posts on this forum and checking out their website, I'm feeling confident in this project. Normally, a project without a white paper would throw me off, but I like the team's vision and I think if they can pull off what they propose, it'll be something I don't want to miss out on, so I'm taking the chance.

My only inquiry is the potential value of EXRN within the next two years. I'm not holding my breath for anything crazy like $1 but is at least .20c reasonable? Just curious, I'm prepared to hold as long as necessary. Not expecting a quick moonshot or anything of the sort.