Eigencoin

Eigencoin, pronounced "Ahy-guh-n-COIN" (EIGC), is a new, highly secure lending cryptocurrency that prioritizes earning interest rates for lenders, and is specially designed and built for sustainable long-term growth.



What is Eigencoin?

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Utilizing the SHA256 PoW algorithm, Eigencoin is a self-regulated financial system that allows owners to earn more coins through mining, staking, or direct purchasing through Bitcoin.

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Eigencoin makes deliberate investments in its ecosystem in order to maximize long-term growth for its lenders. Our developers will utilize dedicated mining rigs to allow our team to mine Eigen, and use that as a source to pay out interest to our community.

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Eigencoin staking will amount to 22% annually. Staking will begin promptly one hour after coins have been deposited in the wallet. There is no maximum staking amount; the longer your coins are in wallets, the more coins you will earn.

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Eigencoin has many unique features that make it more accessible than other lending platforms, including a full coin ecosystem, a bi-annual buyback program, an ad-revenue redistribution program, and early lending-investment withdrawal. More information and a full list of features can be found in the whitepaper.

Features

ICO Investment Program

- Our team of expert analysts will reinvest a portion of our funds into the latest and most promising ICOs, redistributing profits back to our users.
- A small percentage of lent money will be re-invested into various ICOs.
- ICOs will be vetted thoroughly by our handpicked team of analysts.
- All investment profits will be redistributed to the lenders.

Ad-Revenue Redistribution

- All ad revenue generated on our exchange will be redistributed back to our customers. This number will only increase as we grow our community and traffic.
- Once our community grows, our site will be monetized with banner ads.
- All ad-revenue from site traffic will be redistributed to coin-holders.

Growth Plans

- In the interest of fostering a strong community, we have major plans to invest in our ecosystem.
- Premium Content Portal: we will implement a blogging rewards platform similar to Steemit, focusing on HYIP/lending content.
- Bi-Annual Buyback Plan: Every 6 months we will use 10% of our profits to buy back tokens and burn them.

Security

- Eigencoin is a highly secure peer-to-peer decentralized cryptocurrency using SHA256 PoW algorithm.
- We have a trained team of experts to ensure the complete security and anonymity of our lending platform.

Staking

- Eigencoins held in a wallet will be staked to give interest, which ensures the functioning and security of the Eigencoin chain.
- Earn a 22% return on investment by holding Eigencoins in wallets.
- Any Eigencoin held in wallet will be staked one hour after it has been deposited.

Lending Tiers and Interest Payout

Lending Interest Tiers

There are 3 tiers of lending. Our return on investment (ROI) rates are realistic and sustainable unlike other programs that only reward the earliest investors and eventually collapse on themselves. We value all of our investors and guarantee that all loans will receive daily payments of interest.

Amount Invested Interest
Tier 1: $0 - $1000 Up to 1% + (0.03% daily * Bonus multiplier)
Tier 2: $1001 - $5000 Up to 1% + (0.04% daily * Bonus multiplier)
Tier 3: $5001 - $20000 Up to 1% + (0.05% daily * Bonus multiplier)

Amount Invested Interest
Tier 1: $0 - $1000 Up to 1% + (0.03% daily * Bonus multiplier)
Tier 2: $1001 - $5000 Up to 1% + (0.04% daily * Bonus multiplier)
Tier 3: $5001 - $20000 Up to 1% + (0.05% daily * Bonus multiplier)

Amount Invested Interest
Tier 1: $0 - $1000 Up to 1% + (0.03% daily * Bonus multiplier)
Tier 2: $1001 - $5000 Up to 1% + (0.04% daily * Bonus multiplier)
Tier 3: $5001 - $20000 Up to 1% + (0.05% daily * Bonus multiplier)



Early Withdrawal Options

There are many options for lending with Eigencoin – you can choose the amount of time you want to lend your coins, and get a high bonus multiplier depending on the option that you pick. Lending with Eigencoin allows for the flexibility of being able to withdraw your coins at anytime, with a small early withdrawal penalty on the principal amount. We utilize a withdrawal penalty because unlike other lending coins, we offer additional bonuses such as a Buyback Program

Length (days) Bonus Multiplier Early Withdrawal Penalty
Option 1: 60 1.00 4%
Option 2: 100 1.10 5%
Option 3: 199 1.30 6%
Option 4: 299 1.50 7%

Length (days) Bonus Multiplier Early Withdrawal Penalty
Option 1: 60 1.00 4%
Option 2: 100 1.10 5%
Option 3: 199 1.30 6%
Option 4: 299 1.50 7%

Length (days) Bonus Multiplier Early Withdrawal Penalty
Option 1: 60 1.00 4%
Option 2: 100 1.10 5%
Option 3: 199 1.30 6%
Option 4: 299 1.50 7%

Length (days) Bonus Multiplier Early Withdrawal Penalty
Option 1: 60 1.00 4%
Option 2: 100 1.10 5%
Option 3: 199 1.30 6%
Option 4: 299 1.50 7%



Staking Tiers, Referrals, and Bonuses

Eigencoin will be staking 22% per year. For newly transported coins in wallets, staking will begin promptly after one hour. There is no maximum staking amount, the longer your coins are in wallets, the more coins you will earn.

The referral system is a tiered structure consisting of five levels, with corresponding referral bonuses.

Referral Referral Bonus VIP Referral Bonus
Tier 1: 5% 7%
Tier 2: 3% 4%
Tier 3: 1% 2%
Tier 4: 0.5% 1%
Tier 5: 0.2% 0.5%

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Specifications

Block Time 1.5 mins
Proof-of-Work (PoW) reward 0.05
Proof-of-Stake (PoS) interest rate 22% per year
Minimum staking age 1 hour
Maximum staking age Unlimited
Block Confirms for Mined Blocks 30
Block Confirms for Sending/Receiving 6
Total Coins: 28,000,000 EIGC
Pre-mine: 15,000,000 EIGC

FAQ

Q: What separates you from other lending platforms?

A: Eigencoin will offer several unique features that other lending coins do not:
  • Ad Revenue Sharing Program - a percentage of ad revenue generated by our exchange platform will be distributed back to our users.
  • Premium Content Portal - we will implement a blogging rewards platform similar to Steemit, focusing on HYIP/lending content.
  • 10% Bi-Annual Buy-Back Program - Every 6 months we will use 10% of our profits to buy back our coins and destroy them.

Q: How many exchanges will have your coin?

A: We plan to have our coin on CoinXchange, Mercatox, and Cryptopia by January 2018.

Q: How do I purchase Eigencoin?

A: You can purchase Eigencoins during our ICO with Bitcoin. After ICO, you can purchase it via one of the exchanges listed above.

Q: How do I contact you?

A: You can contact us by email [email protected]

Q: When will lending begin?

A: We plan to release the lending platform by January 2018.

Q: Why is your domain so new?

A: We had only recently decided upon the name; previously we were hard at work on technical aspects.