EtherSocialNetwork
Ethersocial has been created based on Ethereum. It focuses on optimized development of the reward system for online forums and games. Ddengle.com was created at 2013 and has become the biggest online blockchain forum in Korea. ESN project began with a discussion about reward system for contents based on text, image and video in the forum. We have a pretty high level of interest in the practical applications of ESN, and we are more committed to direct forum application of ESN and reward system than to ESN development.
Today, thousands of cryptocurrencies have been issued, and hundreds of coins have been listed and traded. However, it is pretty hard to apply these coins to the real life because there are various barriers separated from blockchain. Even if smart contract based on Ethereum was created three years ago and can be used with simple coding, there are still high programmatic barriers.
We have focused on the development of various APIs which can utilize blockchain and practical applications through discussions with members of our forum about these issues. As a result of our effort, ESN has been launched in 2018. There was no ESN ICO, and the purpose of ESN project is practical applications of ESN in the real life. We are planning to make these various practical cases in the future.
The Future of ESN
ESN has been issued already, and there are some ESN miners in Korea. ESN is not fully completed yet, it is beginning of our project. First of all, we are planning to apply a reward system for our forum advertisements with ESN. In addition, we will support to make the payment systems of online cartoons with ESN during March 2018.
Our team has been composed of exchange and game developers. As mentioned before, we have more focused on the practical development of various APIs, and we are planning to update these APIs by periods. Likewise, these APIs will be applied to online forums and games. It will be steadily updated based on economic analysis and feedback from users. It is not that hard for us to apply these works with our forum, Ddengle.com, the biggest online blockchain forum in Korea.
Distribution
Premine: 49,922,490 ESN
1. Ddengle.com: 13,000,000 ESN
A. Annually distribute 500,000 ESN to members of Ddengle.com for 10 years: 5,000,000 ESN
i. Current distribution to members of Ddengle: 92,500 ESN to 1218 members
ii. Reward for ESN pool operators and development support: 15,900 ESN to 13 members
iii. It is the reward for activities in the forum not the operating expenses.
B. Marketing and Partnership (currently hold): 8,000,000 ESN
i. Sites which makes a direct contract with Ddengle.com
ii. Online communities or forums in partnership with Ddengle.com
iii. Just hold for now
2. ESN Foundation: 36,000,000 ESN
A. Shareholders and members who participated in ESN development: 8,000,000 ESN
B. Coin Sale (May 2018): 10,000,000 ESN
i. Financial distribution plan through ICO in March 2018
ii. We are planning to use the collection to develop and promote ESN.
iii. Open MPDex a cryptocurrency exchange based on BTC in Q3 2018
C. Long-term holdings: 18,000,000 ESN
i. Support developments and marketing of ESN in a long term
3. Alpha and Beta Tester: 922,490 ESN
ESN Mining Status
ESN mining began through the official ESN mining pool, http://pool-asia.ethersocial.org (January 25, 2018).
After that, the role of the pool has been reduced steadily, and we strongly encourage external pools.
The genesis block: January 25, 2018
Block reward (before 600,000 height): 9 ESN
Block reward (After 600,000 height): 5 ESN
ESN Pool status: https://escpoolstats.gonsmine.com
It is pretty easy to make ESN pools through following the pool source link below.
Again we strongly encourage additional pools all over the world.
Links
Official Web: https://ethersocial.network
Blog: http://blog.ethersocial.network
Bitcointalk: https://bitcointalk.org/index.php?topic=3126487
Explorer: https://ethersocial.net
White Paper: https://github.com/ethersocial/wiki/wiki/White-Paper
Official Git: https://github.com/ethersocial
Pool Source: https://github.com/ethersocial/ethersocial-pool
Twitter: https://twitter.com/ESNfoundation
Telegram: https://t.me/ethersocialofficial
E-Mail: support@ethersocial.network
Company: http://genercrypto.com
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