CryptoThrust X Euler Tools AMA
Guest: Jorge De Los Santos AKA Tebayoso
My name is Jorge, but I’ve used tebayoso since I was 16! (and that’s 18 years ago). I’m from Spain, former interior designer and construction cost manager that turned to technology at my 30's! And I’ve been working day and night onto this since that day. I love technology and everything related to innovation. I like to consider myself a techno utopist, in the way in which Technology will bring us a better tomorrow!
Segment 1- Project Introduction
Q1) What is Euler Tool project? How does it work?
Euler Tool projects is the first platform built between the blockchain, the consumers and the enterprise. We saw a lot of niche solutions popping up in both places, coinbase, dextools, bscscan, etherscan, coingecko… But none of them tackles the blockchain as whole. We are building a platform that has it’s own infrastructure of nodes, which will later become a reliable source of truth for oracles, contracts, but also for enterprise consumers. And the users, which will finally have a nice and responsive platform that can ease their blockchain exploration and interactions.
In our first phase we are just connecting the pieces, and for that we are using the Euler Tools. Which we considered our project brand and name. We are using graph theory, math, machine learning, data aggregation… Everything in the formal world is assembled on a single piece of technology that will become the most powerful tool to explore the blockchains.
It works the same way other tools work, we will have an interface, a reliable and documented set of API’s, nodes and oracles, and users will be able to pick their flavor to interact with our tools.
Q2) What problems this project is trying to overcome?
The real problem is: how do we turn blockchain into the future of human trading?
And the answer is fairly simple: we need to create a reliable set of tools that allow us to verify everything going on there.
And to do that, we need to first understand how it works, and how we can create knowledge from the 0 and 1 that are moving every day in there. We have trillions of transactions across multiple networks, with a total value of over 1 trillion dollars. And we can’t afford to miss a single piece of information, because every single transaction is connected to others.
And that’s without considering the off chain, which is on a different plane.
Hence, a platform that connects and bridges the information, an can become an standard on blockchain/offchain interactions is a must have in the short term.
Q3) can you tell us how and from where all you are aggregate these information?
We connected our Binance nodes that we are syncing, we processed over 1.5TB of information and build data streaming from the blockchain. We are at the memento uploading data to data warehouses, data streaming and analytic processor services to extract all the juicy information. And we already connected Binance Exchange API’s to the same data aggregators. We are focusing on BSC to start because it’s a very reliable network with great potential.
But after we overcome this task, we will jump into Ethereum, and Solana, both at the same time!
We are processing every transaction, storing it, and learning from it as we speak, so you all can get the information ASAP in your browsers, telegram bots and owned interfaces!
Q4) Please briefly tell us about EULER Token? Tell us about its Tokenomics and uses.
We created a pure utility token, that also provides rewards for holders. The token will be used to pay for the platform usage, either with a monthly fee that’s quoted in USD so people can just pay for that subscriptions, with different plans and tiers. Or by holding enough quantity of the tokens, which will provide also rewards of each transaction processed by the platform.
We minted 100.000.000 tokens, and around 50 are circulating in the market, there’s 25 that are locked for different periods from the company reserve and the team tokens, and there’s around 12.000.000 locked in pancake (approx.)
The token has a transaction fee of 1%, ensuring it’s scarcity over time, and benefiting the holding over the trading. And we already burned, in 15 days, 3.000.000 tokens!
Q5) What can we expect from Euler Tools in near future?
You should expect daily updates in our beta tool! https://beta.euler.tools but in a not that near future, by may 5th we will launch our first platform version and api toolset. Which will include a lot of unpublished features that you’ll love to see! We are also announcing partnerships with real world companies aiming to introduce blockchain to their customers through our toolset. And the name of the new CFO that will handle all those conversations!
Segment 2- Questions from Twitter
Q1) It’s hard for investors to trust and invest in new projects lately and most the project have claimed to be falsified, How do make investors trust Euler Tools ?
We are an enterprise product, and we are building a real world company around, we recently got the name registration, at spain, of Euler Tools Solutions, which makes us an official company with the whole EU law protecting our customers and investors. We are revealing the whole team, daily, and we are all public reachable in networks like LinkedIn: https://linkedin.com/in/tebayoso
Also, we are building a tool that will allow you all to review our tokenomics, liquidity and vesting calendar. Our tokenomics are transparent in our own platform!
Q2) It is impossible not to notice the potential that Euler Tool provides, for investors, capturing real and true information has always been a problem but its interface simplifies things, how do you prove that the data obtained is real and that your liquidity graphs are also real?
The first rule of crypto is: don’t trust, verify!
We hope you all to go verify what you see, and we will provide links to every other platform that provide you the validation you need. And not just that, we will provide code snippets so you can just ping a node and check that the data is correctly retrieved. You will have monitoring and metrics, and on screen information about the sources for the data you are seeing. The liquidity is going to be mapped directly from the contracts itself, and we will read the blockchain to get the contract configurations, for example, the liquidity term of Wault.Finance lockers!
Everything will be auditable, either through our tools, or your owns skills!
Q3) Do you have any plan for burning tokens or buy pack in the future to reduce the supply of the token and Increase investors?
We have a continues burn fee, that should provide a reliability for investors. As the payment for the services is processed in Euler's, we ensure that every month we burn a lot of tokens from the customers using our app. And at the same time we have to sell them to finance our operations, which ensures a cycle that should create scarcity. That will obviously reward our initial investores, that are holding since we launched, while ensuring new investors can onboard at any moment and receive the same benefits.
Q4) What is the background of Euler Tools and how did it come to the idea to create” Euler Tools” project? Why did you choose the name Euler Tools? Does it have special meaning and is there any story behind this name?
My background is that as trader I’m the worse. I’ve been liquidated a couple times. And the last one was very big. And then I thought: Where is this money coming from, and where is it going? Why I can’t know ahead if it’s safe to invest?
Then I decided to start researching, and in January I started to try to get into crypto development.
As I learned my way through blocks, transactions, networks, proof of stakes and investigated all the blockchains that existed, I saw the connections, everything was connected, and there was no map no navigate them. I started working with Creppy, at Wault.Finance, and I pitched him my idea to try to launch it through their awesome Launchpad.
He advised me, taught me and guided me on how to turn Euler Tools into a solid platform.
The name is obvious. Leonard Euler started the graph theory 300 years ago to solve a real world problem: the Konigsberg Briges. And today, we honor his name, and his solutions to solve another real world problem, the blockchain bridges.
Q5) What does your roadmap for 2021–22 look like? Name some important milestones you are hoping to achieve?
We are launching the blockchain exploration tool in less than a month, which will provide unprocessed information from the blockchain and exchanges. From there we will iterate into machine learning and data processing and aggregation, at the same time we will map new networks, like Ethereum or Solana. And for the last quarter we plan to start our own oracle network development. We will either build over chainlink and Band, or if feasible, we will launch our own node technology which will focus on event driven oracles.
That’s for the blockchain. For the enterprise level, we want to create a reliable layer of partners, including Pancake, Coingecko or Coinmarket Cap that can consume our information, and also, connect with big institutions and companies from the real world to provide them the solutions they want to build into their sites.
Segment 3- Live Telegram Session
Q1) Can you please tell us about your team members? I’m always interested in the background of a team behind a new token. Helps me gain trust in the project.
Well you tagged me a lot, so let’s make sure this is answered!
You can find our team members on our website: https://euler.tools
We have a lot of them that are public, and some that will be presented in the next days. For us, transparency is important, hence, we want to make sure you all know who we are as soon as we can.
Q2) Do you agree with everyone that community is everything? How important is the community to you? How can we cooperate and help you to develop a project?
Community is first for us, I’m always present on our telegram channels and I shared daily updates and information. Stay tuned in there because we also perform surveys and polls to ensure our development is considering your expectations!
Q3) Many new projects develop well at first, but then fail to achieve good results. How will you manage and develop your project to gain a position in the market and become a good project in the blockchain industry?
We are here to build for the bear market. We aren’t a short term project that will pump and dump. We are building an enterprise level company which will work with clients that will use blockchain in their future transactions. We can’t fail as long as we deliver our roadmap, and as soon as the technology is delivered, customers will start coming to us!
Q4) What are the ways that generates income/revenue to maintain your project and what is its revenue model? Also How can it make benefit win-win to both investor and your project ?
As explained we have a double revenue roadmap:
On one side we have a subscription fee for monthly users that is paid in eulers. And on the other hand, we will inject liquidity in the market from real world to invest in blockchain projects that benefits us, including buying back tokens every so often, or splitting rewards to our investors based on their holdings.
Q5)Which network will this project deploy and how strong will it support NFT marketplace?
We are deploying to Binance, we rely on the biggest exchange and his network as our financial layer support. But we will introduce tools to work with every market, including networks that aren’t even launched, like Woonkly. We want to work with everyone and include everyone in this journey!
More Information about Euler Tools:
Website: https://euler.tools/
Twitter: https://twitter.com/eulertools
Medium: https://medium.com/@Euler.Tools
GitHub: https://github.com/eulertools
YouTube: https://www.youtube.com/channel/UC7DdHMPyVyqOIFfQ-SNx3mg
Telegram
ENG: https://t.me/eulertools
ESP: https://t.me/eulertools_spanishInstagram
