Electra Protocol is made to be the perfect ecosystem for ultrafast and programmable transactions. The mainnet is live since January 2021 and the smart contracts platform is planned to be released during 2022.
100% Distributed Proof-of-Stake
~ 17,400,000,000 XEP coins
XEP (wrapped as token: WXEP)
1-2 seconds/~0.0002 XEP avg.
January 1, 2021
3% APY (via XEP Desktop Wallet)
Electra Protocol is made to become credibly neutral public infrastructure. That’s why the project did not allocate any XEP stakes for strategic partners, advisors, development, marketing, founders, and other insiders. Anyone had to invest into XEP individually and independent of his/her volunteering involvement in the project.
Just like Bitcoin, Electra Protocol has never sought public funds to develop its technology. Both crypto projects are believed to not pass the Howey Test used by the U.S. Securities and Exchange Commission (SEC) to classify securities. This means that any cryptoproject passing the test could face regulation by the SEC and potentially in other countries as well.