• Looking back on a storied history, people love the new, but the old won't be forgotten.

• Community tokens are becoming more and more popular, but few seem to be successful, and there are complex reasons for this.

• A country cannot have money without assets, or assets without money. The collapse of countless community-based tokens and NFTs is the result of an economic paradox.

• Fragmentation of assets, let everyone set the price, tax the rich, let every citizen enjoy the rising dividends of assets.

• Cold technology and enthusiastic believers will be a whole new world.

• ETCNODE Development Roadmap

Let's sort out the timeline. These valuable experiences motivate us to make new things, which will break those old-fashioned rules and allow more people to summarize and accept new things.

On June 17, 2016, investors passed money to The DAO and received voting tokens, which they voted democratically on how to spend The DAO funds. But just as the voting was about to begin, The DAO's smart contract had a loophole and was exploited by hackers to transfer a large amount of funds to the hacker-controlled sub-DAO account.

To get the stolen funds back, the Ethereum team designed an unconventional state change in block 1,920,000, and most of the computing power on Ethereum switched to a new version that supports the hard fork.

People originally predicted that the unforked old chain would disappear within a few hours, but found that some miners continued to maintain the old chain, and the OTC tokens of the old chain also provided value to the old chain.

At present, the ETC Asia-Pacific community has more than 300,000 fans in China, Japan, South Korea, and Vietnam. In the entire ecosystem of ETC, there are two major institutions, namely ETC Labs and ETC Cooperative.

Completed three hard forks before June 2020 (Atlantis in September 2019; Agharta in January 2020; Phoenix in June 2020), fully compatible and interoperable with Ethereum from the bottom layer sex. If it has been built on Ethereum, the cost of deploying on ETC is very low, and the time, energy and cost spent on the bottom layer are the lowest.

At present, ETC Core, the core organization in the entire ETC ecosystem, has many development achievements to help and build ETC. For example: Open-RPC: a universal blockchain development framework protocol based on JSON RPC; EVM-LLVM: ETC smart contracts can be developed in other programming languages; Jade Suite: Provide the best IDE for blockchain developers and the most lightweight blockchain browser, etc.

People always like new things, old things should not be forgotten (please rest assured that ETC will be known by more people because of new things), in the more than ten years since the birth of Bitcoin, every day will be New tokens appear on the blockchain.

2022 is an extraordinary year, people have just come out of the fear of the new crown epidemic, followed by the Russian military invasion of Ukraine, the war and the plague have caused many currencies to collapse. That's not the point, we're seeing the human race start to divide, and it's getting harder and harder for people of all races, colors, and beliefs to hug and kiss each other.

We had an interesting discussion with Vitalik Buterin a while back, which coin would you choose if Ethereum suddenly disappeared the day after you woke up? Vitalik described each token holder as a group of believers, and of course each believer has a leader who belongs to them.

Many influencers including Vitalik Buterin love community tokens, Elon Musk is fascinated by DOGE, he wants to give this MEME token more usage scenarios, maybe even turn it into a Martian currency.

But DOGE doesn't belong to Elon Musk, it has countless believers a long time ago, yes we are talking about believers again, this is the most critical factor for MEME's success, you can see it in the top 100 tokens by market capitalization To many MEME token names, DOGE is just one of them. Crazy people became their believers, making it hard for the pagans who believed in technology to believe that this was all happening.

As we mentioned earlier, the success of a MEME token is inseparable from a group of crazy believers. If miracles happen one after another, those who do not accept the reality will begin to doubt themselves. But we have to see that the world of blockchain is a fast-changing world, people need new things, and if you just build a religion and start recruiting believers, we have to admit it's hard. I've said more than once that people like new things, what's the reason for that?

1. The new thing is an update made on the old thing, which is closer to perfection than the old thing.

2. New assets have more room for appreciation than old ones.

3. Like life, new life represents vitality and hope, which is innate in the genes.

As I said earlier, it’s hard to keep getting people’s attention and likes for something that stays the same. We studied hundreds of MEME tokens including DOGE SHIB, many died and some survived, and in this research we found an interesting thing, the vitality and life cycle of a MEME token Very similar to real money.

As a simple example, if I were to exchange North Korean currency for U.S. dollars in your hand right now, I believe you would have a hard time accepting this transaction (unless you plan to immigrate to North Korea).

MEME tokens are so close to real-world currencies. If a country’s currency usage scenarios are very limited, and if a currency’s circulation and exchange are restricted, no one will want to hold this currency, and it is likely to collapse.

The reason why some MEME tokens are collapsing is that in addition to what we mentioned earlier, there is another important reason for them to have no usage scenarios. Tokens are only a tool in the middle of asset exchange. If a country has only currency and no assets, Then the national currency will also collapse. Abundant assets can make the currency fully flow, and liquidity is also an important criterion for the expression of currency value.

Through hundreds of sample surveys, we tried to treat each token as a country, some currencies collapsed, but they did not know why they collapsed, maybe they lacked some life experience, and maybe lacked some common sense in economics, how to introduce some A valuable asset, enriching the usage scenarios of tokens and improving the liquidity of tokens?

It has been technically possible to move real assets to the blockchain, and more obstacles come from legal supervision in the real world. The traditional Internet world already has the concept of virtual assets, such as game equipment, virtual shops, virtual characters, etc.

With the popularity of NFTs, the borderless circulation of film music and more artwork, you may wonder why a picture (which is just a social media avatar in the eyes of many people) can be worth millions of dollars, There is complex economic thinking behind this, and we will not make complex statements about it here.

NFT is an effective technical means for migrating assets to the blockchain. It can extend many real scenes to the virtual world, not just a picture. An astonishing set of data is that in April this year, the transaction volume of NFT on the Ethereum chain has reached 54 billion US dollars.

The attributes of NFT are not like tokens. It is more like an identity ID or territory in the real world. It is an inseparable asset, a luxury cruise ship. This leads to the fact that truly valuable NFTs must be very scarce. I believe that few people who read this article own CryptoPunks, and few people are shareholders of Apple.

There are many NFTs that have succeeded, and many more have gone to collapse like MEME tokens, and their failures are like the overlap of two parallel universes, one with only currency but no assets; one with only assets and no currency.

We have received a lot of opinions from believers, and there are many examples of that in our research, such as taxing each transaction, and then distributing the tax to each believer who holds the token in a certain proportion​. Yes, this is closer to the real world​. Every commodity we buy in the real world has hidden taxes. Taking the United States where I live as an example, the highest personal income tax deduction rate is close to 40%​.

Taxing more like the rich is a proven way to maintain social stability and sustainable development​. Sometimes people become perfectionists after entering the virtual world. For example, many people think that free is the best. The economic laws that have been verified in the real world are actually still applicable when they go to the virtual world. This rule is difficult to break​.​

At the beginning of the period, we just wanted to issue a MEME token to develop believers like a religion, and then we went to investigate, and more and more successful cases and failed cases were presented. Yes, we have a lot of believers, but as you saw earlier, it's not a complete society, it's not sustainable, it's easy to collapse

Before the establishment of this society, in addition to recruiting leaders and believers, the most important thing is to solve the problems of currency and assets we mentioned earlier.

Simply put, it is not difficult to introduce more assets to activate the liquidity of the currency, but very few people do it​, which leads to the collapse of those tokens.

The problem with assets is just like what I said before. Ordinary people can’t afford those scarce and expensive assets. Even if that asset rises 1000% within a month, it doesn’t matter to ordinary people​, can this problem be solved? ?

Well, if everyone lived in a virtual world this would be the biggest problem of the century​. But we have lived in the real world for thousands of years, and it has been less than 100 years since humans entered the virtual world. It seems that we can find the answer in the real world​.

Let’s imagine that a multi-million dollar NFT is a commonly traded asset in the real world, what is it more like​? It is more like a company, each NFT is an asset package, and this asset package represents that you have a part of the disposal right of this company. Of course, you can sell your equity at will, and you can even split your equity and sell it to an infinite number of people.

Come to think of it, who wouldn’t want to own a portion of CryptoPunks​? Transfer your thinking back to the virtual world again. The original technical setting of NFT is inseparable, but is there a solution to split it into tokens through a smart contract to achieve free splitting and flow Woolen cloth?

Ok, first of all we need a brand new token ETCNODE, ETCNODE as a value-determining tool, split the asset (NFT) into ETCNODE through a smart contract, the holder of the asset has the power to price (de-splitting) How many ETCNODEs), like a company wrapping their company into assets and splitting it into countless shares, if I like and like this company, I can become a shareholder of this company for very little money​.

You may worry about asset premiums, don’t worry about it, the real world has already given us the answer​. Once any asset is widely traded, some people will hype it, either long or short, and the price of each asset will return to a reasonable and reasonable range.

This is a mutually beneficial way. For those who split their assets, they have absolute asset disposal rights, and important pricing power is there, and they like people to hype their assets.

For those who buy the assets that are being split, they have the opportunity to participate in a great project and share in the dividends of its development.

Currency and assets are so important to a society, ETCNODE will make unique innovations in the scalability of tokens, but we still position this as a community-based token, people like to call it MEME​, it doesn’t matter. Technology and community are like currency and assets. If we only have technology and ignore the community, just like only currency and ignore assets, it will also decline.​

Do something challenging with MEME's religious spirit, which is full of fanatical emotions and beliefs​. Cold technology and enthusiastic believers, what kind of blockchain country will be built?

Welcome to this world and become a green-clothed leader who shares our beliefs​.

• Looking back on a storied history, people love the new, but the old won't be forgotten.

• Community tokens are becoming more and more popular, but few seem to be successful, and there are complex reasons for this.

• A country cannot have money without assets, or assets without money. The collapse of countless community-based tokens and NFTs is the result of an economic paradox.

• Fragmentation of assets, let everyone set the price, tax the rich, let every citizen enjoy the rising dividends of assets.

• Cold technology and enthusiastic believers will be a whole new world.

• ETCNODE Development Roadmap

Let's sort out the timeline. These valuable experiences motivate us to make new things, which will break those old-fashioned rules and allow more people to summarize and accept new things.

On June 17, 2016, investors passed money to The DAO and received voting tokens, which they voted democratically on how to spend The DAO funds. But just as the voting was about to begin, The DAO's smart contract had a loophole and was exploited by hackers to transfer a large amount of funds to the hacker-controlled sub-DAO account.

To get the stolen funds back, the Ethereum team designed an unconventional state change in block 1,920,000, and most of the computing power on Ethereum switched to a new version that supports the hard fork.

People originally predicted that the unforked old chain would disappear within a few hours, but found that some miners continued to maintain the old chain, and the OTC tokens of the old chain also provided value to the old chain.

At present, the ETC Asia-Pacific community has more than 300,000 fans in China, Japan, South Korea, and Vietnam. In the entire ecosystem of ETC, there are two major institutions, namely ETC Labs and ETC Cooperative.

Completed three hard forks before June 2020 (Atlantis in September 2019; Agharta in January 2020; Phoenix in June 2020), fully compatible and interoperable with Ethereum from the bottom layer sex. If it has been built on Ethereum, the cost of deploying on ETC is very low, and the time, energy and cost spent on the bottom layer are the lowest.

At present, ETC Core, the core organization in the entire ETC ecosystem, has many development achievements to help and build ETC. For example: Open-RPC: a universal blockchain development framework protocol based on JSON RPC; EVM-LLVM: ETC smart contracts can be developed in other programming languages; Jade Suite: Provide the best IDE for blockchain developers and the most lightweight blockchain browser, etc.

People always like new things, old things should not be forgotten (please rest assured that ETC will be known by more people because of new things), in the more than ten years since the birth of Bitcoin, every day will be New tokens appear on the blockchain.

2022 is an extraordinary year, people have just come out of the fear of the new crown epidemic, followed by the Russian military invasion of Ukraine, the war and the plague have caused many currencies to collapse. That's not the point, we're seeing the human race start to divide, and it's getting harder and harder for people of all races, colors, and beliefs to hug and kiss each other.

We had an interesting discussion with Vitalik Buterin a while back, which coin would you choose if Ethereum suddenly disappeared the day after you woke up? Vitalik described each token holder as a group of believers, and of course each believer has a leader who belongs to them.

Many influencers including Vitalik Buterin love community tokens, Elon Musk is fascinated by DOGE, he wants to give this MEME token more usage scenarios, maybe even turn it into a Martian currency.

But DOGE doesn't belong to Elon Musk, it has countless believers a long time ago, yes we are talking about believers again, this is the most critical factor for MEME's success, you can see it in the top 100 tokens by market capitalization To many MEME token names, DOGE is just one of them. Crazy people became their believers, making it hard for the pagans who believed in technology to believe that this was all happening.

As we mentioned earlier, the success of a MEME token is inseparable from a group of crazy believers. If miracles happen one after another, those who do not accept the reality will begin to doubt themselves. But we have to see that the world of blockchain is a fast-changing world, people need new things, and if you just build a religion and start recruiting believers, we have to admit it's hard. I've said more than once that people like new things, what's the reason for that?

1. The new thing is an update made on the old thing, which is closer to perfection than the old thing.

2. New assets have more room for appreciation than old ones.

3. Like life, new life represents vitality and hope, which is innate in the genes.

As I said earlier, it’s hard to keep getting people’s attention and likes for something that stays the same. We studied hundreds of MEME tokens including DOGE SHIB, many died and some survived, and in this research we found an interesting thing, the vitality and life cycle of a MEME token Very similar to real money.

As a simple example, if I were to exchange North Korean currency for U.S. dollars in your hand right now, I believe you would have a hard time accepting this transaction (unless you plan to immigrate to North Korea).

MEME tokens are so close to real-world currencies. If a country’s currency usage scenarios are very limited, and if a currency’s circulation and exchange are restricted, no one will want to hold this currency, and it is likely to collapse.

The reason why some MEME tokens are collapsing is that in addition to what we mentioned earlier, there is another important reason for them to have no usage scenarios. Tokens are only a tool in the middle of asset exchange. If a country has only currency and no assets, Then the national currency will also collapse. Abundant assets can make the currency fully flow, and liquidity is also an important criterion for the expression of currency value.

Through hundreds of sample surveys, we tried to treat each token as a country, some currencies collapsed, but they did not know why they collapsed, maybe they lacked some life experience, and maybe lacked some common sense in economics, how to introduce some A valuable asset, enriching the usage scenarios of tokens and improving the liquidity of tokens?

It has been technically possible to move real assets to the blockchain, and more obstacles come from legal supervision in the real world. The traditional Internet world already has the concept of virtual assets, such as game equipment, virtual shops, virtual characters, etc.

With the popularity of NFTs, the borderless circulation of film music and more artwork, you may wonder why a picture (which is just a social media avatar in the eyes of many people) can be worth millions of dollars, There is complex economic thinking behind this, and we will not make complex statements about it here.

NFT is an effective technical means for migrating assets to the blockchain. It can extend many real scenes to the virtual world, not just a picture. An astonishing set of data is that in April this year, the transaction volume of NFT on the Ethereum chain has reached 54 billion US dollars.

The attributes of NFT are not like tokens. It is more like an identity ID or territory in the real world. It is an inseparable asset, a luxury cruise ship. This leads to the fact that truly valuable NFTs must be very scarce. I believe that few people who read this article own CryptoPunks, and few people are shareholders of Apple.

There are many NFTs that have succeeded, and many more have gone to collapse like MEME tokens, and their failures are like the overlap of two parallel universes, one with only currency but no assets; one with only assets and no currency.

We have received a lot of opinions from believers, and there are many examples of that in our research, such as taxing each transaction, and then distributing the tax to each believer who holds the token in a certain proportion​. Yes, this is closer to the real world​. Every commodity we buy in the real world has hidden taxes. Taking the United States where I live as an example, the highest personal income tax deduction rate is close to 40%​.

Taxing more like the rich is a proven way to maintain social stability and sustainable development​. Sometimes people become perfectionists after entering the virtual world. For example, many people think that free is the best. The economic laws that have been verified in the real world are actually still applicable when they go to the virtual world. This rule is difficult to break​.​

At the beginning of the period, we just wanted to issue a MEME token to develop believers like a religion, and then we went to investigate, and more and more successful cases and failed cases were presented. Yes, we have a lot of believers, but as you saw earlier, it's not a complete society, it's not sustainable, it's easy to collapse

Before the establishment of this society, in addition to recruiting leaders and believers, the most important thing is to solve the problems of currency and assets we mentioned earlier.

Simply put, it is not difficult to introduce more assets to activate the liquidity of the currency, but very few people do it​, which leads to the collapse of those tokens.

The problem with assets is just like what I said before. Ordinary people can’t afford those scarce and expensive assets. Even if that asset rises 1000% within a month, it doesn’t matter to ordinary people​, can this problem be solved? ?

Well, if everyone lived in a virtual world this would be the biggest problem of the century​. But we have lived in the real world for thousands of years, and it has been less than 100 years since humans entered the virtual world. It seems that we can find the answer in the real world​.

Let’s imagine that a multi-million dollar NFT is a commonly traded asset in the real world, what is it more like​? It is more like a company, each NFT is an asset package, and this asset package represents that you have a part of the disposal right of this company. Of course, you can sell your equity at will, and you can even split your equity and sell it to an infinite number of people.

Come to think of it, who wouldn’t want to own a portion of CryptoPunks​? Transfer your thinking back to the virtual world again. The original technical setting of NFT is inseparable, but is there a solution to split it into tokens through a smart contract to achieve free splitting and flow Woolen cloth?

Ok, first of all we need a brand new token ETCNODE, ETCNODE as a value-determining tool, split the asset (NFT) into ETCNODE through a smart contract, the holder of the asset has the power to price (de-splitting) How many ETCNODEs), like a company wrapping their company into assets and splitting it into countless shares, if I like and like this company, I can become a shareholder of this company for very little money​.

You may worry about asset premiums, don’t worry about it, the real world has already given us the answer​. Once any asset is widely traded, some people will hype it, either long or short, and the price of each asset will return to a reasonable and reasonable range.

This is a mutually beneficial way. For those who split their assets, they have absolute asset disposal rights, and important pricing power is there, and they like people to hype their assets.

For those who buy the assets that are being split, they have the opportunity to participate in a great project and share in the dividends of its development.

Currency and assets are so important to a society, ETCNODE will make unique innovations in the scalability of tokens, but we still position this as a community-based token, people like to call it MEME​, it doesn’t matter. Technology and community are like currency and assets. If we only have technology and ignore the community, just like only currency and ignore assets, it will also decline.​

Do something challenging with MEME's religious spirit, which is full of fanatical emotions and beliefs​. Cold technology and enthusiastic believers, what kind of blockchain country will be built?

Welcome to this world and become a green-clothed leader who shares our beliefs​.