Eron Project AMA Transcript

"The ERON PROJECT is a charity project created with 2 main goals: create the ERON blockchain and give basic human living conditions in poor areas."

By
BSCNews
on
September 4, 2021
Category:
AMA

Andrew (BSC.News):

Hello everyone and welcome to the AMA with Eron Project! Today we have Doru the CEO as well as Catalin the CTO of Eron joining us today

Pleasure to have the both of you here 🙂

Doru Constantin:

hello, pleasure to be here

Andrew (BSC.News):

So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway

Sound good with you?

Doru Constantin:

sounds good

Kata:

Hello :)

Andrew (BSC.News):

Hey!

Okay so let's jump right into the first question then


1. What is your background? How did you come to start the ERON Project?


Doru Constantin:

sure

Well, first off we are a company owned project. Before we started the project we created a company so we would be sure that everything is legal. Regarding our background, we have different backgrounds: we are 3 founders; the rest of the team consists of employees. 

All 3 of us are entrepreneurs with very different backgrounds, each specialized in a particular field. 

Mine is project development for utility networks, Claudia is specialized in External Management and Marketing and Catalin has been a Software Engineer in the bank system for 20 years.

Andrew (BSC.News):

Oh okay that's really interesting, I never knew that by creating a company for a crypto project, you can work within the legal confines of where you are from

Doru Constantin:

you can as long as you have good lawyers

Andrew (BSC.News):

Does that have an impact on the project itself at all as I'm sure laws would regulate a project?

Doru Constantin:

it was a headache before actually creating the legal entity because the regulations are very complicated and different.. but once we decided what we were gonna do, we knew how to proceed, legally

Andrew (BSC.News):

Gotcha, well thank you for that introduction

Moving on...


2. What is the ERON Project? What is your overall goal/mission of this project?


Doru Constantin:

we have 2 goals. the first one is to help people that do not have basic living standards such as purified water, electricity or gas and the second one is to create our own blockchain and make our project profitable for all investors

we want to do good, but at the end of the day it is a business for anybody that invests in it and we have to make sure it will not be a losing one

Andrew (BSC.News):

And before we unpack some of the goals a bit later I want to first talk about what your platform offers for users and why they should utilize it

Doru Constantin:

sure

Andrew (BSC.News):

So my next question to you would be


3. What are some current components as well as future components that your platform contains for users?


Doru Constantin:

well, we initially started with the idea of having our own wallet.. but, from that we developed into other ideas and now, we are doing the prototypes for our WALLET, our Payment processor (fiat to crypto), our B2C MARKETPLACE and our future ESCROW SERVICE for crypto transactions

and as insight in what we do, we currently have 6 nodes up at this moment and we are launching ERON MINER today

Andrew (BSC.News):

What is your B2C marketplace?

Doru Constantin:

We have found the legal gateway through which companies can sell products for crypto without having to incorporate themselves in shady legislations. 

basically we have already started partnerships with companies that sell from FMCG to luxury goods. anyone can enter the 100% decentralized marketplace and buy from let's say chairs to ferraris if they want

and it will all be done through a 100% decentralised wallet and payment processor..

Andrew (BSC.News):

oh wow that's really neat

Doru Constantin:

i know there are many marketplaces for digital goods, but B2C markets for physical products with crypto payment, i don't think there are

Andrew (BSC.News):

So I want to touch back on some of the goals that you mentioned

From a business perspective, you said that you wanted to build a winning business so my next question is


4. What is the reason you decided to start building on ETH to achieve this overall goal?


Doru Constantin:

well, we wanted to create a coin that will last and not be subjected to PnD, scalping and any other actions that would be detrimental to our investors and charities. In my opinion, BSC is very speculative in nature, also because of the low gas fees. There is also a technical aspect about how we created our nodes, aspects that i will let Catalin explain

Kata:

well .. we have created our nodes from the idea of P2P

we also started from the idea to use GETH on our own nodes, GETHE that as we all know works for ERC-20

so, basically, anybody can use our wallet, payment processor or marketplace if they are on ETH blockchain

and we eventually want to implement smart contract on our blockchain

Andrew (BSC.News):

So Catalin, me being someone who is not that savvy when it comes to the technical side. What does creating your own nodes do for you?

Does that help lower gas fees for users?

Kata:

for the moment, we have only 6 nodes. Our target is to increase the number of nodes and make it possible for anybody to download and install the node

We will have lower gas fees then ETH, but a little higher than BSC, but with very high speed, almost like BSC

Andrew (BSC.News):

Ah now I understand, thanks for that clarification guys that's pretty neat

So to talk about the actual token itself


5. What is the ERON token and what are it’s utilities on your platform?


Doru Constantin:

ERON will be for our blockchain what ETH is for Ethereum. It will be the currency of our blockchain and qny fees will be paid in ERONs

Regarding fees, i want to clarify one aspect: 51% of all fees from all apps will go towards the capitalization of ERON and 49% will go towards xevelopment of the project

Andrew (BSC.News):

Okay, how much in fees will you collect per transaction?

Or do you plan on collecting fees only during buys and sells

Doru Constantin:

each app will have a fee system that will be displayed clearly on our website once we publish the prototypes in the near future

the whole idea is to be transparent and always know how much you pay. currently in ETH the fee is determined by a number of things and it fluctuates very much. within our blockchain the fee will always be constant

Andrew (BSC.News):

Right, well thank you for that information Doru

So to talk more about the charity aspect of your goals


6. How are charities selected for you to donate to? Would it be through a governance feature?


Doru Constantin:

we are a Romanian project. we initially started with the idea of doing good to poor areas in romania and we developed into trying to help as many people as possible. the charities we will donate to will be legal charities that will be submitted by our investors (no atter who they are).

also, we will do things a bit differently than most charity projects. we will not donate money, we will only donate the network project that our employees will create and the materials needed to build the networks.

Andrew (BSC.News):

What do you mean by donating the network project?

Doru Constantin:

every poor area that doesn't have a utility, let's say electricity, needs a network project created that will estimate the materials, the workforce, the money necessary, the approvals needed, etc. we will contact the provider that provides electricity within the approximate area, offer to make the network project for free because we have employees specialised in these fields and donate the materials as long as the provider agrees to provide electricity through that network after it is built

Andrew (BSC.News):

Oh I see

That's really neat

so in essence, rather than just donating money. You are helping to develop infrastructure and provide jobs as well for the area

Doru Constantin:

every utility project costs a lot of money no matter the country. we will donate it along with the materials, thus making sure that the network is going to be built according to the highest standards and with the proper materials

Andrew (BSC.News):

That is a really neat concept

Doru Constantin:

thank u

Andrew (BSC.News):

So just to play devil's advocate here


7. When the bear market comes, how will you prepare for a potential token dump from holders facing high sell pressure? What will happen to the charities and people that rely on your project for basic necessities?


Doru Constantin:

this is where it gets interesting

we created the infrastructure of our wallet to pretty much ressemble a bank, but without any centralisation.. so, we will be the first wallet (in my opinion) that will be offering staking the same way as banks offer long term bank deposits. it will be done directly from the wallet, without having any staking pool or anything and people will be able to see in their wallet how much they earn every day, just like a bank account. also, because we have a miner, the wallet and the miner can connect and if you mine and stake ur ERONs you can get more ERONs than by just staking.

Andrew (BSC.News):

Awesome!

So obviously you guys have a very diverse ecosystem that is set up which will in turn embody your entire platform as well as blockchain

So my next question for you is


8. How can users know that your platform is safe to use and that funds collected by the smart contracts are used appropriately?


Doru Constantin:

well, besides the fact that we are a company and we have accounting and we need to explain every penny, or in this case crypto, we wouldn't have been posted our identities on our website or gotten verified on several website if we were gonna be doing shady things. truth be told, we do not live from crypto (money wise) and we will always be as transparent as possible in everything that we do. Next week for example we will have an AMA on Twitch and Youtube where people can see us, ask us, criticize us, give us ideas, opinions, anything

regarding money, we will have our own index of transactions where every transaction will be visible and anybody will be able to verify that money goes into the right place

Andrew (BSC.News):

Is your platform audited?

Doru Constantin:

yes, it is audited by techrate and soon by the exchange that we are in talks with

Andrew (BSC.News):

Awesome

So last but not least


9. Are there any exciting news you would like to announce here today?


Doru Constantin:

ERON MINER IS OUT! just go to our website and download it and mine some ERONS

and within 10 days we will have our prototypes online for anybody to try/see and give us feedback since we are custon tailoring them for our investors needs

Andrew (BSC.News):

Great!

And could you please provide us with links to your social media that you would like our community to go follow?

Doru Constantin:

Website:

Facebook:

Twitter:

Reddit:

Telegram:

Discord:

Medium:

Andrew (BSC.News):

Wonderful

Go check the ERON Project out everyone! They are finding ways to incorporate DeFi into real life applications and to boost the living conditions for those in need 🙂


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