Evanesco AMA Recap Evanesco

On May 16th, Justin, Global Community Leader of Evanesco joined the Evanesco English Telegram for an AMA. Here is a recap of the questions answered by Justin.

Question 1: Can you briefly introduce Evanesco?

As everyone in this group knows, our Evanesco project is a financial protocol platform that combines Layer0 network infrastructure and privacy computing framework.

And to simply put it, we provide privacy protection for the current blockchain transaction network, and our privacy protection is the whole process, from the bottom layer of peer-to-peer network to the blockchain ledger layer, and then to the application layer, such as wallets, exchanges, and DeFi/NFT transactions, etc., and all of these can obtain privacy liquidity through our privacy protocol technology.

Question 2: What makes Evanesco unique, and how is Evanesco structured?

What makes Evanesco stand out is that it’s the First ever privacy protocol of Polkadot or DOT, the Eco layer 0 network. This enables routing info from both parties to be kept completely hidden and away from any 3rd parties whatsoever, and stays true and the same with transactions. It also Uses a computing framework that empowers cross-blockchain DeFi which allows users to share liquidity with other blockchains through cross chain gateways.

Question 3:What is the Utility of EVA Token?

The main roles Of EVA are utilized for transaction fees, private data routing, cross-chain commission fees, asset transaction/synthesis fees, asset issuance fees, cross-chain gateway and transaction verifier pledge fees, etc.

Question 4:Recently we saw the Eva community is growing fast because of ITO with Maskbook. Can you tell us a bit more about how the users can participate in this ITO and why did you select ITO instead of IDO?

So far, the ITO is currently the only public sale of Evanesco. You May do easy tasks to participate in the whitelist for the 1st & 2nd ITO Round. Tasks like referring 5 or more than 5 people to join our official telegram are one of the main tasks to name a few.

Question 5:Here comes our last question: Where do you see Evanesco in the next few years?

1) Private financial open platform: asset issuance, management, transfer, cross-chain interoperability, standardized smart contract framework.

2) Value-added service of private transactions: Value-added service providers can aggregate the private liquidity in EVA, and provide multiple cryptocurrency transaction combinations by wallets, OTC market makers, DEX, etc.

3) Private lending market: cross-chain assets and synthesize special assets for decentralized lending business, privacy contracts verify various lending activities on the premise of ensuring the consistency of asset data.

4) Privacy NFT market: Make NFTs private, hide the identity and payment information of the transactions, protect the privacy of both parties in the transaction, and do compliance audits, such as mapping PoW computing power to NFT assets to participate in DeFi.

5) Lastly, Multi-DeFi Empowerment: EVA shares the external chain and privacy ecological fluidity through a cross-chain gateway to empower the DeFi ecosystem.

Question 6:What are the advantages of Evanesco Network / EVA over other projects? Who do you think are your competitors in the blockchain industry?

Our competitors in the industry are the likes of Zcash, Grin, Monero, RZcoin, Quisquis.

Evanesco AMA Recap Evanesco

picture of our EVA advantages over other competitors