What is 2Ether?

2Ether is a new digital coin based on the Ethereum blockchain. Unlike ERC20 tokens, it's a fully independent cryptocurrency – with its own blockchain, mining incentives, and so forth. It fully supports smart contracts written in Solidity and is compatible with Ethereum dApps.

The team of 2Ether has several main objectives:

1) Encourage independent CPU/GPU miners

and protect them from the dominance of mining farms that use ASIC hardware. This is particularly important now that block rewards in Ethereum have been cut by a third, and market prices are still quite low. Ethereum mining stopped being profitable, pushing small miners out of the market. We realize that inflation can be a problem for any cryptocurrency, so rewards should be reduced with time. But it's not correct that ASIC farms survive in any market conditions thanks to their economy of scale, while GPU miners suffer. 2Ether solves this problem thanks to its innovative system of dynamic block rewards. The base reward is slowly reduced with time. At the same time, it's dynamically adjusted for current price. Finally, miners with a low hashrate receive an additional increase.

2) Provide dApp developers with an affordable audit tool.

Smart contract audit is very important, as it helps protect investors' funds. Unfortunately, blockchain security firms charge very high fees even for the simplest audit, and many of these firms don't render quality services. On 2Ether, projects can apply for free audit – a combination of automated testing and manual reporting, done by specially vetted members of the community. There's also full paid audit with line-by-line code analysis and multiple reports.

3) Create an IEO platform integrated with a decentralized exchange

and the audit system. IEOs are becoming very popular and will probably replace ICOs. They are much more secure, because projects are vetted by an exchange first. However, exchanges often charge hundreds of thousands of dollars for an ICO, without providing any guarantee of success. 2Ether will offer a decentralized IEO platform where the community does all the evaluation of projects, and all fees are distributed among users. It will be possible to arrange and launch an IEO in just a few days. The new token will be automatically listed on the 2Ether decentralized exchange. Before the IEO, projects can order a smart contract audit on the same platform.

Our mission

We aim to select the best of community ideas and bring them to life, building a framework where miners, developers, and the most promising infrastructure projects can thrive.

What's special about 2Ether?