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EQ9 news
About EQ9
What is Equals9 and EQ9 TOKEN (EQ9)?
Equals9 is a holding company, incubator of decentralized applications (Dapp), using the blockchain technology to provide services, currently working to deploy 4 applications,
Equals9 it runs EqualsSport, an e-sports tournament platform where players, fans and event organizers can create tournaments and players globally can seamlessly join using the blockchain.
EQ9 is an ERC-20 utility token that is used for:
Payments and services within Equals9 Ecosystem (dapps), subsidiaries and partners using EqualsVenue Dapp
Tournament entries at EqualsSport.com
Staking mechanism for followers and viewers to participate at the winnings of their favorite players at EqualsSport.com
To be used as collateral for credit lines at EqualsBank
To mind NFTs on Equals9Music and listen to your favorite artists using blockchain at OneQueue Dapp
How Many EQ9 Tokens Are There in Circulation?
EQ9 was deployed in its issuance with 1 billion 800 millions EQ9 tokens.
Then 78.68% of the total supply is locked in 5 audited time-lock smart contracts, following our allocation plan, which, starts in January 2023
So the total in circulation is 383.832.360 EQ9 tokens
Who Are the Founders of Equals9?
Equals9 was founded in 2019 by Anderson Vasconcelos, who used to be a blockchain market analyst, joined later by Pedro Bufulin, a Graduating Computer Science at the Federal University of Uberlândia, specializing as a full-stack developer, with over 2 years development of smart contracts in EVM networks
Anderson wanted to create a company to help educate the mass public about blockchain, and penetrate large markets, which were not using blockchain to automate their services, and with his financial background, he then created a holding company to act as an incubator of blockchain dapps, aiming at different market, but with sole purpose to create awareness on how to use wallet, tokens and decentralized services
At first, people did not understand, why would a holding be born before its subsidiaries
But then they bought HiveGames and all made sense, tournaments for e-sports started to be tested and EqualsSport concept was born, for Anderson it was clear EqualsSport should be the first dapp to be release since e-sports players would be more keen to try this new technology and its advantages to the e-sport community, he played competitive Magic The Gathering himself for more than 20 years and could grasp, what changes blockchain could bring to e-sport industry that would make a difference
But he did not want to release a token before a working product, so to fund the project, he transformed Equals9 from a Limited Liability Company (LLC) into a Closed Joint Corporation (CJC) in order to sell private share and finish the development
With that important and key shareholders were brought to the company to pay for the development and progress of the overall project
Equals9 has more than 19 shareholders and employs more than 30 staff, it has acquired 5 subsidiaries already, it implemented a Shared Service Center (SSC) for the entire economic group, to create jobs and opportunities.
Key points about EQ9?
Not only it will be on the market with a working product and another 3 on the pipeline
EQ9 was granted a declaration from the government body D.CVM (the SEC in Brazil)
A classification as non-security token
Before private offerings started, Anderson and Equals9 Lawyers decided to start an administrative process to exclude EQ9 token from being a security
After one year and a half and by the collegiate and federal attorneys the legal battle was over and EQ9 was declared as non-security token
Equals9 proactive move, was to protect potential investors and holders, so in the future once the token was on the market, no uncertainties would be raised regarding its status as security or not.
THE INSPIRATION BEHIND THE NUMBER 9
Take a number, multiply by 9, then add the number in the results, it always equals 9
Ex: 3x9= 27, 2+7 = 9
The Fibonacci Golden ratio is found everywhere in nature and its resemblance to the number 9 is magnificent, according to Tesla, "the numbers 3, 6 and 9 holds the key to the universe"
Because example trumps precept, or as Paul Halmos once put it, “the source of all great mathematics is the special case, the concrete example,”
occasion calls for the following brief demonstration.
The live EQ9 price today is $0.000070 USD with a 24-hour trading volume of $99,981.21 USD. We update our EQ9 to USD price in real-time. EQ9 is up 7.86% in the last 24 hours. The current CoinMarketCap ranking is #2930, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,800,000,000 EQ9 coins.
If you would like to know where to buy EQ9 at the current rate, the top cryptocurrency exchange for trading in EQ9 stock is currently Bitrue. You can find others listed on our crypto exchanges page.