FAQ
The vision of Enduracoin is to bring together the blockchain industry, businesses, and a community of consumers by providing a crypto asset that mitigates the painful price volatility experienced with many other cryptocurrencies, and yet still provide the potential means of increasing value that has made so many cryptocurrencies attractive and appealing.
Enduracoin is not a stablecoin in that it is not a collateralized asset and thus, does not have a peg to any other underlying asset. Its value is inherent to itself and the framework it is designed to operate within. Because of this, it is not affected by the depreciation of any collateral reserves and in turn is immune to enormous selloffs that have devastated the values of several other cryptocurrencies.
In addition, Enduracoin was designed to appreciate in its value which is different from stablecoins. We believe these attributes make Enduracoin a valuable tool for our users towards preserving the value of their hard earned wealth. The Enduracoin methodology and implementation framework is described further in our White Paper which can be found under the Community Proposal section of this website.
Technically speaking, Enduracoin is a decentralized, ERC-20 compliant, fungible token on the Avalanche blockchain (C-Chain) network. Enduracoin has a maximum supply of 50 billion ENDC tokens and has denominations named e-Stamina™. One e-Stamina™ equals 1/1,000,000th of one Enduracoin.
Being that Enduracoin operates on a decentralized platform, the Ethereum blockchain, it can offer all the benefits that the Ethereum blockchain provides. It’s universal, permission-less, can be transferred, held, and transacted globally just like any other publicly available cryptocurrency without the need of an intermediary processor other than the automation provided by the Ethereum blockchain.
The Enduracoin smart contracts were designed to operate in a decentralized fashion as well, and can function without the existence of The Enduracoin Foundation, LLC.
The Ethereum blockchain was selected due to its long-term establishment, ecosystem, solid development team, future vision, clean energy oriented, built-in security, decentralization focus, and its large host of decentralized applications (dApps) which currently is the most developed ecosystem among other blockchain technologies.
Avalanche was selected for it's scalability, high transaction throughput and low fees. We believe these combined features provide great benefit and opportunity for Enduracoin holders.
The role of The Enduracoin Foundation with regards to Enduracoin is simply to:
- Offer its product; Enduracoin.
- Maintain the source code for any bug-related issues that could result from Ethereum blockchain updates. Source code for the Enduracoin token is publicly available and has passed professional audit. Any future changes or bug fixes implemented would be communicated and made public.
- Uphold, respond to, cooperate, and comply with laws and regulations as they adapt to the changing innovations in the digital asset and blockchain industry.
- The Foundation is not an exchange and will not store any personal data of Enduracoin holders except those in which explicit business partnership contracts have been established for payment purposes and within the scope of those defined contracts. The only exception is that we will maintain email addresses for those that wish to correspond via our online forms or participate in airdrops after which such information would be discarded. Please read the Legal page on this site for more details around our privacy policy.
This is dependent upon partnership agreements and ramp up timeframes resulting from those agreements. Our first step is to establish interest. Those interested in our future airdrops should sign up on the "I'm Interested" form on our Contact page and follow us on Twitter for future announcements.
We will continue to work towards building partnerships during this time and announce agreements, airdrops and future milestones as we progress.