FAQ
https://bitcointalk.org/index.php?topic=2378605.0
What is Metamask?
A Chrome extension allows you to run Ethereum DApps right in your browser without running a full Ethereum node，Metamask includes a secure identity vault, providing a user interface to manage your identities on different sites and sign blockchain transactions.
See this https://metamask.io/
Why use Ethereum address as user id?
To guarantee the decentralized characteristic of DAPP.
If the grade bonus too much?
Considering the effect of interest on decreasing market reserve, the bonus is set to about 30% to 10% APR, this is basically equals to the current average return rate on financing market. And the return ratio decreases when GA upgrade to guarantee the effect of high-grade GA users on market token reserve is within the controlled range.
Why set up 100 billion total supply? Isn’t it too big?
Most people do confuse about why we set up a 100 billion total supply. On the one hand, imagine there are 1 million GA users, each of them may ask for a, let’s say 10k tokens loans, so the reserve will be enough for their loans.
On the other hand, the total supply can’t be changed in the future, so set up a big total amount is necessary.
Why people are willing to vote for others? Will they be rewarded?
A great question! Actually they will be rewarded! The exist GA can vote other to become GA, and when that person’s grade reaches 10th, all voters can get 200 tokens as reward.
What happened when all the borrowers couldn’t repay about their loan?
Almost impossible, but if by any chance, the token price will crash which definitely make it impossible that EASH can converted to appropriate quantity of fiat currency to use in real world.
Why must block chain?
Smart contract: guarantee the nearly no need of manual operation, to achieve 1% loan interest.
Anonymous: hash address to guarantee the transaction is anonymous in the whole process.
Decentralized: security and low financing cost
What are limits to invest (min and max amount of ETH)?
No limits, everyone could buy EASH freely with no need to be GA between ICO.
Where is the contract info?
On our web app provided the link to EASH smart contract which is also available by directly visiting Etherscan with EASH smart contract account address.
On what exchanges are you going to trade the tokens?
You can trade EASH on https://etherdelta.com/.
Is this POS on ERC20 system?
Yes.
How much does it cost a potential borrower to get GA?
The first 1–2000 GA cost 0.01 ETH; 2001–5000, 0.05ETH; 5001–10000, 0.1ETH; In the later stage, every 10k GA, the GA price cost 0.1ETH more.
When the price gets higher, people will be more intend to vote to become GA. The exist GA can vote other to become GA and claiming the voting bonus one the GA being voted achieve 10 grade.
Is there a credit score limit to be a GA?
No, no need for any privacy, EASH is anonymous.
What if someone has bad credit? Will that person be able to participate?
Yes, he is. Actually, EASH borrowing qualification is nothing to do with real world.
Is there a possibility that the interest rate will change in the future? or will it stay fixed 1% forever?
The interest rate won’t change in the future, permanently 1%.
Is this a P2P platform?
Actually, it is person to smart contract, a brand new self-loan platform.