Where am I?
In EagleX Community you can ask and answer questions and share your experience with others!
I will explain it here. We also have a short video that explains it well6.
EagleX (EGX) represent the managing power of the blockchain and act as the main digital asset in the system. Total amount of EagleX is 72 million with 2 decimals. All EagleX are pre-mined.
The benefits for EagleX holders are including:
EagleX holders can do cold staking and receive BENZ.
EagleX will become the main currency used for buying token when an ICO is conducted in Eagle payment system.
EagleX will also become the main currency to be paired with other coins when the decentralized exchange is built in Eagle payment system.
EagleX holders can receive airdrop when a token is issued in Eagle ecosystem.
EagleX has a free transaction fee makes EagleX becoming perfect digital asset for transferring need.
BENZ is created for powering the IronGeekChain; all transaction, voting and smart contract deployment fee will be charged in BENZ. BENZ can be acquired by staking EagleX. The EagleX holder just need to hold their EagleX in its wallet and will get BENZ without need to turning on the network, therefore, it is called cold staking. Maximum total supply of BENZ is 144 million with 2 decimals which will be reached in 10 years. The BENZ generated for the first year is 64 million BENZ, then 32 million, 16 million, 8 million, and 4 million BENZ per year until reach maximum total supply. There is no pre-mined BENZ at the beginning.
The use of BENZ for smart contract deployment and transaction fee will make BENZ price sustainable.