AMA Recap Cryptoscreen with Evanesco

On 21 May 2021, Evanesco conducted an AMA in the Cryptoscreen Community. Our guest is Justin of Evanesco. 

Lots of questions as usual from the Community about Evanesco progress. The Evanesco team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Cryptoscreen community. If you missed the AMA in person, read this recap for a deeper insight into Evanesco.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION

Inol Granero :
Can you tell the members a little about Evanesco?

Justin :
Our Evanesco project is a financial protocol platform that combines Layer0 network infrastructure and privacy computing framework.

To simply put it, we provide privacy protection for the current blockchain transaction network, and our privacy protection is the whole process, from the bottom layer of peer-to-peer network to the blockchain ledger layer, and then to the application layer, such as wallets, exchanges, and defi/NFT transactions, etc., and all of these can obtain privacy liquidity through our privacy protocol technology.

How does our privacy tech work? When a transaction occurs, users may not see each other’s addresses and balance information, and third-party institutions can’t monitor the transaction path and balance information between us, and even the IP information of our transaction equipment.

Inol Granero :
Can you explain how Evanesco and what kind of services it offers to users?

Justin :
Evanesco is the First privacy protocol of Polkadot or DOT, the Eco layer 0 network. This enables routing info from both parties to be kept completely hidden and away from any 3rd parties whatsoever, and stays true and the same with transactions.

It also Uses a computing framework that empowers cross-blockchain Defi which allows users to share liquidity with other blockchains through cross chain gateways.

To add, we have recently announced that we will be building the Layer 0 network infrastructure for the Solana ecosystem, which will provide a secure, highly reliable, and flexible network protocol family for the Solana ecological applications, and protect the security of Solana ecological DeFi traffic entrances.

Inol Granero :
What products does Evanesco have and in the future, will you add more products?

Justin :
EVANESCO is the product itself, the Eco layer 0 network is always at the top of mind when it comes to highlighting our product. All the details are state above.

Other key features of EVA include the Two-layer consensus system, the GPoW which is used to mine the token and integrate the final consistency determination, providing near real-time, secure finality, maximizing security and operability in the existing network, and Smart privacy transaction engine.

Another would be the EVA Token. Eva token is the governance token and can be paid as a transaction fee. The total EVA is 1 billion, and the total mining amount is 400 million.

At this moment in time, We are mainly focusing on the Polkadot ecosystem and web 3.0. But we will also connect to many platforms, such as BSC, HECO, and ETH, in the financial privacy protocol. These are big advertising points for our future.

Inol Granero :
How do you solve liquidity issues and how to ensure user asset security?

Justin :
When it comes to liquidity issues this is solved and attributed to one of our key parts of the EVA ecosystem which is PEX as a service: Evanesco endows privacy liquidity to OTC, wallet, exchange and aggregated trading services. Through the conversion, diversion and collection of the liquidity of interface-encrypted assets, the servitization of private transactions and the non-influence of users can be realized;

When it comes to asset security, this may be completely attributable to the Layer 0 privacy track, which provides multi-hop privacy network transmission, hides the routing information of both sides of the transaction, isolates identity information, and strengthens the protection of traditional encrypted asset transactions.

Inol Granero :
Have you met all your goals in the roadmap till now? And were there any difficulties that you didn’t expect and were not prepared for?

Justin :
Yes, we are proceeding with the project according to the roadmap. We have completed financing and the rust version of the privacy protocol client.

At the same time, we are working on the test network, and the main network is expected to be released in Q3. In the near future, we will also release a detailed plan for community participation in the testnet.
So far, there has been no unexpected situation that we did not expect, and everything is progressing relatively smoothly.

QUESTION FROM TWITTER

Inol Granero :
Q1. Marketing strategy is very important for every projects. So what are your plan for this? How will you expand your relationships and build strong communities in both English and non-English speaking contries?

Justin :
Our marketing strategies consist of applying our private network services to many sceneries, like wallets, exchanges, NFT, Defi to strengthen our influence users and investors to our protocol, and also as mentioned, our platform is composed of the mining industry which will also supplement the attraction of users and investors. Our marketing strategies also integrate the use of building our community from the ground up and integrating KOLS in the mix.

To address the language barriers in building different communities, we have different global community leaders / ambassadors of EVA to be able to represent us in different ways and to contribute to the increase of awareness of our project.

Inol Granero :
Q2.Like all projects, time, execution and adoption are key elements of EVA’s success, but this project is built on the strength of the community. So how can EVA generate profits to maintain your project and achieve sustainable growth? What is its revenue model?

Justin :
Evanesco is planning to become the next generation of financial privacy network platform. The logic of EVA’s development and price growth is mainly determined by the results of our privacy network platform construction. Furthermore, here are some specific plans of our platform which will define the direction of our project.

1. Private financial open platform: asset issuance, management, transfer, cross-chain interoperability, standardized smart contract framework

2) Value-added service of private transactions: Value-added service providers can aggregate the private liquidity in EVA, and provide multiple cryptocurrency transaction combinations by wallets, OTC market makers, DEX, etc.
3) Private lending market: cross-chain assets and synthesize special assets for decentralized lending business, privacy contracts verify various lending activities on the premise of ensuring the consistency of asset data

4) Privacy NFT marke: Make NFT private, hide the identity and payment information of the transaction, protect the privacy of both parties in the transaction, and do compliance audits, such as mapping PoW computing power to NFT assets to participate in DeFi

5) Multi-DeFi Empowerment: EVA shares the external chain and privacy ecological fluidity through a cross-chain gateway to empower the DeFi ecosystem

6)and lastly, the multi-chain and full privacy ecological platform: bring network routing security and low-rate data services to the field of crypto assets through the integration of multi-chain network infrastructures and expanding account liquidity, so as to accelerate the development and application of defi.

Inol Granero :
Q3. How many partners currently have trusted Evanescoio technology and what benefits do these partners bring to Evanescoio and vice versa?

Justin :
We have numerous partners, but to name a few, i could include the following, AU21, Allchaineed, BlockArk, Blocksync, Bitz, Candaq, Cabin VC, Consensus Lab, CryptoDiscover, ChainNews, Dealean, Digital Finance Group, Dao Capital, FBG Capital, Gate.io Labs, Hot Labs, Krypital Group, LD Capital, Mars Blockchain , MXCLabs, Moon River, NGC Ventures, OKEx Blockdream Ventures, Q42, R8 Capital, Spark Digital Capital, ZB Capital, etc.

They of course receive the benefit of putting their trust into our project which will bear fruit for them in the future.

Inol Granero :
Q4. Is your project a local project or a global project? Can anyone use your services from anywhere in the world? Are there any restrictions of using your service?

Justin :
It is definitely a global project. As long as they have the right resources and a stable internet connection, they may use EVA from anywhere in the world.

Inol Granero :
Q5. Evanesco community is growing, SO how can we user help you and How can we contribute your quota towards your success?

Justin :
You can do a lot of things for us in the community, like volunteering , promoting social media postings. And once our mainnet launches, you can also join in our mining network with your own computers as nodes in our EVA mainnet that can help us build up more computing. and at the same time ,you can earn generated eva tokens.

LIVE/ FREE QUESTION

Q1. How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?

Justin :

To address the language barriers in building different communities, we have different global community leaders / ambassadors of EVA to be able to represent us in different ways and to contribute to the increase of awareness of our project.

Q2. ⭕In your Tokenomics says that Evanesco has a funds destined to “CROSS CHAIN GATEWAY” and” CROSS-CHAIN COMISSION FEE”, so can you tell us how many blockchains is Evanesco planning to support?

Justin :

Atm we are just focused on Polkadot in our early stages but we will sooner or later be in collaboration with BSC, ETH, and many more. We have recently announced our partner ship with Solana

Q3. Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?

Justin :

We have completed financing and the rust version of the privacy protocol client. At the same time, we are working on the test network, and the main network is expected to be released in Q3. In the near future, we will also release a detailed plan for community participation in the testnet.
So far, there has been no unexpected situation that we did not expect, and everything is progressing relatively smoothly.

Q4. What is your motivation for creating the $GMNE token, and what will I see in the future regarding your project? How do token holders benefit from these tokens?

Justin :

The main roles Of EVA are various transaction fees, private data routing, cross-chain commission fees, asset transaction/synthesis fees, asset issuance fees, cross-chain gateway and transaction verifier pledge fees, etc.

Miners can use token voting to select their ideal candidate verifiers. At the same time, verifiers can also achieve the fast finality of the chain according to their transaction verification services, obtain the miner’s token share, and achieve the mutual balance of minting and block rights. And 40% of our tokens are generated through mining.

 

 

 

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