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Welcome to the
Electra Protocol Magazine
The Electra Protocol project is driven by a thriving community, which is creating all innovations of our blockchain ecosystem. We are building a crowdsourced, universal payments ecosystem accessible to anyone. Together we’re electrafying the world!
Emmanuel Courdavault
Core Team MemberLatest News
Electra Protocol: Bridging the Gap Between Blockchain and Real-World Assets
In the rapidly evolving world of blockchain technology, the Electra Protocol stands out as a...
Suggested Reading
In order to understand the impact of our developments on society and economy, please read why Electra Protocol matters. After you learned that our instant payments ecosystem will send transactions at almost no costs, be sure to explore the use cases which will be possible with the upcoming release of the smart contracts platform. One of the most awaited features will be multicurrency transactions: Users will be able to send any currency over Electra Protocol!
Besides technical advances you should also be aware that Electra Protocol did not perform any funding, just like Bitcoin. This means that it may not be affected by a possible SEC regulation like most other crypto projects.
Knowledge Base LEARN
Our economies are getting increasingly global, goods and people move around the world faster than ever before. But especially payments and programmable contracts remain slow and expensive. It’s time to change that.
Electra Protocol is the evolution of crypto: a fully decentralized, 100% open-source, and crowdsourced ecosystem for instant transactions. (technical specs as of December 2021)
- Send payments within 1 to 2 seconds worldwide.
- Pay the equivalent of ~ US $0.0000002 per transaction.
- Receive rewards for staking or providing liquidity.
- Create smart contracts and publicly tradeable tokens soon.
- Send and receive payments in any currency soon.
We’re electrafying the world.
Frequently asked FAQS
If you cannot find a satisfying answer, please do a search, browse the knowledge base, or contact community members through social media.
Electra Protocol is a proof-of-stake, distributed blockchain capable of providing instant transactions for a variety of use cases. Among the most important solutions will be multicurrency payments in realtime, which can be performed over the enterprise-scale blockchain of Electra Protocol. Next to payments, the blockchain will also be capable of running other solutions such like NFTs, gaming, supply chain tracking, and more. To fascilitate these developments, public smart contracts will be made available so that anyone can issue own tokens on the Electra Protocol blockchain.
Electra Protocol is one of the fastest blockchains worldwide: it features instant transactions worldwide within 1 to 2 seconds. Over 1500 transactions per second can be processed, planned to be further extended. Very cheap costs below US $0.01 cents per transaction.
Electra Protocol was designed from ground to meet upcoming regulation by authorities worldwide. For example, in order to comply with the Howey Test of the SEC (U.S. Securities and Exchange Commission), Electra Protocol did not conduct an Initial Coin Offering (ICO) or an Initial Exchange Offering (IEO). Also other upcoming challenges to regulation are taken into account by future solutions, such as preparing for optional KYC identification (know your customer). Electra Protocol did also not give complementary investment stakes to individuals, which the vast majority of other crypto projects did.
XEP is the currency symbol of the native coin belonging to the Electra Protocol blockchain. XEP is used as main currency used for transactions. XEP coins can be bought at a number of selected exchanges. The meaning of the XEP currency symbol is: X=ISO code for international, E=Electra, P=Protocol.
A transaction of XEP coins between different XEP wallets is very cheap: one transaction on the Electra Protocol blockchain costs 0.000226 XEP - around US $0.000000452 at the time of writing. Transactions from exchanges to a XEP wallet might be more expensive, as exchanges add their own fees on top.
Electra Protocol has a theoretical maximum supply of 30 billion XEP (30,000,000,000). Currently only around 18 billion XEP (18,000,000,000) are under circulation, of which around 3 billion XEP (3,000,000,000) are part of the premine for the Electra Foundation who is maintaining the project. XEP staking fees are paid until the maximum supply is reached.
WXEP is the currency symbol of wrapped XEP tokens (not coins!) running on the Binance Smart Chain. Those wrapped XEP tokens (WXEP) are offered in order to attract investors who would otherwise not know Electra Protocol. If you buy WXEP tokens on Pancakeswap you can exchange them 1:1 to XEP coins using the TXbit.io exchange.
No, you cannot stake WXEP using a XEP Desktop Wallet as XEP and WXEP are not directly interchangeable. Wrapped XEP tokens (WXEP) can instead be used to earn rewards on Pancakeswap for providing liquidity (which regular XEP coins can't). If you would like to stake using a XEP Desktop wallet, you have to convert WXEP to XEP using TXbit.io and transfer the XEP afterwards to your XEP Desktop wallet.
The rewards on Pancakeswap are flexibel, depending on the time you invest. The rewards can reach 25% APY for providing liquidity.
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