$EPT

Coming Soon

The native cryptographically-secure fungible protocol token of Balance (ticker symbol $EPT) is a transferable representation of attributed utility functions specified in the protocol/code of Balance, and which is designed to be used solely as an interoperable utility token thereon.$EPT is a functional multi-utility token which will be used as the medium of exchange between participants on Balance in a decentralised manner. The goal of introducing $EPT is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Balance without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $EPT does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Foundation, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $EPT entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Panama, Singapore or any relevant jurisdiction. $EPT may only be utilised on Balance, and ownership of the same carries no rights, express or implied, other than the right to use $EPT as a means to enable usage of and interaction within Balance. The secondary market pricing of $EPT is not dependent on the effort of the Balancer team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.For the avoidance of doubt, neither the Foundation nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $EPT). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.Further, $EPT provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Balance, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $EPT is an integral and indispensable part of Balance, because without $EPT, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $EPT will be awarded to a user based only on its actual usage, activity and efforts made on Balance and/or proportionate to the frequency and volume of transactions, users of Balance and/or holders of $EPT which did not actively participate will not receive any $EPT incentives.$EPT has a 10 billion total supply. It rewards network activities within the ecosystem, such as transactions, providing liquidity, and building applications. $EPT creates an incentive mechanism among traders, creators, and the marketplace, ensuring all participants are encouraged to participate in and benefit from the network activities.