Eagle Network is a new blockchain innovation for users to earn Eagle, a cryptocurrency that you can mine on your mobile phone. By playing the roles of Miner, Keeper, Witness, and Delegates Eagle Network players will earn rewards in Eagles.
Eagle Network Value
In order to make Eagle valuable, Eagle Network is specially designed as a network consisting of genuine people which fosters players to exchange goods, service and in real life with their Eagle balance and eventually list Eagle on major cryptocurrency exchanges for trading Eagle with fiat money.
In order to ensure the stability of the price of Eagle and prevent any negative fluctuation common among cryptocurrencies, cutting supply (or known as ‘halving’ in the cryptosphere) is imperative to maintain the supply and demand chain of Eagle.
By reducing the Eagle supply, Eagle Network can maintain the scarcity of Eagle tokens to secure the value held by our Eagle Network users – including you. Take Bitcoin for an example.
Halving is a common occurrence that happens roughly every four years to the world’s biggest and most valuable cryptocurrencies, and the price of Bitcoin actually rises with each halving event that has occurred.
Eagle Network Registration
You do not have to pay any money to join Eagle Network and earn Eagle. However, it does not mean Eagle is given for free. To make Eagle Network’s experience fun and rewarding, we strive to build a network of genuine people, foster interaction between players in real life and encourage players to exchange, services or goods in real life with Eagle balance.
Hence it takes your consistent commitment to make contributions to the community and Eagle is your reward. The least you can do is to log in on a daily basis and activate a new mining session.
Eagle Network Price
Eagle’s value will be backed by the population of Eagle Network, transaction volume services or goods exchange between Eagle Network’s, liquidity in the exchange market and time.
Just like Bitcoin, its value was $0 back to its launch in 2008, but when its popularity grows and as time goes by, 1 Bitcoin is now trading at over US$ 50,000. As it takes time and a collaborated effort to build the value of Eagle and the ecosystem of Eagle Network. The more active people using Eagle to mine cryptocurrency the more value it gets.
Eagle Network Withdrawal
You cannot withdraw Eagle yet in Phase 1. Eagle will be able to be transferred from phase 2. The final stage (Phase 3) of Eagle Network’s roadmap is the launching of the Eagle Blockchain and listing of Eagle Network on major cryptocurrency exchanges.
This is to allow players to utilize the Eagles earned from Eagle Network to trade and sell which is targeted in Q4 2022, depending on user growth and the community dynamics.
Please refer to our project road map in the White Paper: https://eaglenetwork.app/white-paper. Bear in mind that it takes time and a collaborated effort to build the value of Eagle and the ecosystem of Eagle Network, if you are looking free money then Eagle Network is not the place for you.
Eagle Network Coin Supply
cutting the supply of Eagle for each major user milestone safeguards the price of Eagle while protecting it from price inflation. According to our project roadmap, there will be a total of 7 rate halving in the entire project roadmap.
The 1st rate halving (-> 1 Eagle / Hour) will be active as soon as miners reach 50,000 in number. The 2nd, 3rd and all the way to 7th rate halving happen when the entire Eagle population has grown to
- 100 thousand (-> 1 Eagle / Hour)
- 1 million (-> 0.5 Eagle / Hour)
- 10 million (-> 0.25 Eagle / Hour)
- 100 million (-> 0.20 Eagle / Hour)
- 500 million (-> 0.15 Eagle / Hour)
- 1 billion (-> 0.1 Eagle / Hour)
and eventually there will be 0 new supply of Eagle when the user base is 1 billion worldwide.
The Eagle Network Model
The Eagle Network economic model is built upon the following principle.
- New supply of Eagle becomes 0 when the total user base has grown to 1 billion worldwide.
- Earlier joiner should be rewarded better than late joiners.
- Users with more contribution to the community should be rewarded better.
- Contribution made by Eagle Network‘s core development team should be recognized and rewarded.
- Total supply of Eagle is dependent on number of users.
The total supply of Eagle = M + K + W + E when Eagle Network ceases supply when it hits the 1-billion-user mark. M, K and W refers to the total Eagle earned by all miners, keepers and witness before supply ceases. E refers to Eagle rewarded to Eagle Network’s core development team, which is 25% of (M + K + W)