Is ET2 an ERC20 token?
No, it's a separate cryptocurrency with its own blockchain, built on the base of the Ethereum blockchain. ET2 has its own block rewards, average block time, and so on.
Is 2Ether a hard fork?
Not really. A hard fork is an update that you must accept to keep using a blockchain – for example, Constantinople is a hard fork of Ethereum. Using 2Ether doesn't prevent you from using Ethereum. They are two different things.
Does 2Ether support smart contracts and Solidity?
Yes, all dApps written in Solidity will work in the 2Ether blockchain. In the future, we will see if we should implement support for the Viper language.
How does the airdrop work?
We’ll award free ET2 coins to everyone who holds any ETH in a personal blockchain wallet at a 1:1 ratio. So if you have 1 ETH in your wallet, you’ll be airdropped 1 ET2. If you have 50 ETH, you’ll receive 50 ET2, and so on. To know which addresses are eligible, we’ll do a network snapshot on December 2, 2019, at 20:00 GMT. To learn more about how to get your free ET2 tokens, click on Get Now in the Wallet section above.
Will I get my free ET2 coins if my ether is stored on an exchange?
Unfortunately no. We have no way to determine how much ether is stored by each user in an exchange wallet. So if you still want to get free ET2, you’ll need to send your ether out of the exchange and into a personal wallet before the snapshot on December 2, 2019, at 20:00 GMT. Once the snapshot is done, you can transfer them back.
How do dynamic block rewards work?
The base reward slowly decreases with time to contain inflation. It's also adjusted for the current price every 30 minutes. When the market price falls, the reward increases to keep the miners from leaving the network. Finally, independent miners who use CPU and GPU hardware receive higher rewards than ASIC-powered mining farms. See the White Paper for more info.
Will 2Ether be much faster than Ethereum?
At first, our blockchain will run at more or less the same speed. We are looking at different scaling options, but they take time to implement. Our priority for now is to offer fair mining rewards and a good toolkit for launching IEOs.
Why do you need another decentralized exchange?
2EtherEX is integrated with our IEO platform. Once a project team holds an IEO, they need to list their token on an exchange – so it's logical that we provide one.
How can I earn money with 2Ether?
There are several monetization options. First, you can mine ET2 with your CPU or GPU hardware and enjoy increased block rewards. You can trade our coins or HODL them. Within the network, you can become a verifier and earn crypto by evaluating IEOs. If you are a blockchain developer or analysts, you can do smart contract audit.
How can you promise free smart contract audit?
On 2Ether, there will be different contract audit options – both free and paid. The free audit consists of a thorough automated check with some manual analysis and reporting. If you want your code to be reviewed line by line, you'll need to pay for a premium option.
Who will audit smart contracts?
We will attract a number of blockchain security experts to do the audit. Their knowledge will be properly vetted by the community and our team. For the free audit, they will get rating points and acquire a higher status in the network. This is important if a user wants to participate in the governance process. For paid audit, each auditor will receive part of the fee.
Can any project hold an IEO on 2Ether?
Any project that gets approved by the verifiers within the community can have an IEO. But the community will only allow projects with high utility and potential on the platform. Projects that propose to improve the general blockchain infrastructure will have much better chances than gambling projects, for example.
Is it free to hold an IEO?
Almost. There is a small fee (about $100) to submit the project's documents for evaluation, and then an IEO fee of circa $300 for the token sale itself. The fees are distributed among the verifiers in the community.
Why is your team anonymous?
All our team members are engaged in other blockchain projects, some of them quite well known. We'd like to keep 2Ether separate from those projects, so that in the eyes of the audience it doesn't become mixed up with other things we do.
Do you have a bounty program?
Yes we do. The easiest way to participate is to re-post and re-tweet our news on the social media – or write your own Facebook and Twitter posts about the project. If you want to maximize the number of ET2 you get, you should create original content: articles or video reviews.
At what point are you at the moment?
We are ready to launch the blockchain – with fixed block rewards for now. About four months after the launch, we'll be ready to release the decentralized exchange interface, with the smart contract audit functionality soon after that. Dynamic block rewards will be introduced 9 months after launch. You'll find more details in our Roadmap.