Community Governed DeFi Platform

Ethos
Ethers are a class of organic compounds that contain an ether
group—an oxygen atom connected to two alkyl or aryl groups. So
this is a basic need of Human life.

Also

Ether is the transactional token that facilitates operations on the

Ethereum network. All of the programs and services linked
with the Ethereum network require computing power (and that
computing power is not free). Ether is a form of payment for
network participants to execute their requested operations on the
network. While ether can be thought of as the cryptocurrency of
the Ethereum network,

metaphorically speaking, it is more accurate to refer to it as the

"fuel" of the network. Ether tracks and facilitates all transactions
in the network. This process is notably different from the workings
of a standard cryptocurrency. Nevertheless, ether does have some
properties that make it similar to other cryptocurrencies, such as
bitcoin. So ether is again a life changing currency. Ether is typically
melodic, mathematically structured meters, believed to be
resonant with numinous qualities.

Connect : to join, a platform, or ecosystem together; unite or bind:

to connect the users and technology two terms by a bridge of
Communication called connect. Connect is also a paradigm shift in
the very idea of economic organizations, offering complete
transparency, total token holder control, unprecedented flexibility,
and autonomous governance.

Etherconnect: leverages the knowledge and wisdom of the crowd

to create a community governed, transparent, and decentralized
ecosystem for web 3.0 that gives financial control back to the
people to grow their wealth together.
Abstract
Etherconnect is a fully integrated ecosystem of decentralized
financial services built on interoperable technologies and
controlled by its users collectively. Its governance mechanism is
predicated upon a stablecoin called ECC coin & EYFI that allows its
holders to participate in decisions affecting the parameters of the
system.

ECC is distributed as a reward for contributions made to the

platform and provides access to a variety of economic incentives.
In addition to ECC coin, Etherconnect supports the
Ether Protocol, a reputation mechanism that assesses
participants’ behavior within the system and keeps track of ECC
holders’ performance metrics.
Introduction
Etherconnect use the decentralized finance distributed ledger
technology and using AI technology to make cryptocurrencies
transaction faster, more inclusive and transparent financial
services than traditional legacy systems. However, current
blockchain solutions lack interoperability and are laden with
governance issues, preventing DeFi from reaching mass adoption.

The evolution of Blockchain systems design since the inception of

Bitcoin in 2009 has been driven by this critical need for adaptability
and connectivity. Over the past few years, various initiatives have
aimed at addressing the limitations of traditional Blockchains by
adopting flexible design and providing interoperability between
networks.

Binance smart chain and Polkadot protocol that enables multiple

blockchain networks to operate together seamlessly, increasing the
resulting network’s throughput by parallelizing transactions and
transfers of data.

It surmounts the limitations of general-purpose Blockchains in

terms of scalability by providing a compensability framework for
those Blockchains to communicate. From this Perspective, Polkadot
and Binance smart chain can be thought of as a superstructure for
digital infrastructures (referred to as parachains) to be built atop.

Etherconnect is a decentralized application built on Ethereum

blockchain technology and the platform is still open for migration
with binance smart chain and Polkadot blockchain, It is a
Substrate-based blockchain infrastructure that is interoperable
with the Etherconnect network.
The Etherconnect platform is composed of the
following features:

1. A staking and lending platform whereby depositors can earn

interests on their Pooled ECC coin and other digital assets.

2. A Etherconnect governance coin called ECC which offers its

holders’ voting power over certain to economic parameters to
increase the EYFI and ECC utility platform such as interest rate,
inflation and deflation levels.

3. A Etherconnect reputation protocol which

A) weighs the voting power of ECC coin holders proportionally to

certain measurable metrics.
B) increases the chances of ECC coin holders benefiting from various
financial incentive schemes.

Etherconnect is a project initiated by the Etherconnect community

Foundation, which was previously work in the market with
Bitconnect limited. But now Etherconnect start operating in to the
worldwide market as a decentralized finance data feed validator on
the binance smart chain, Ethereum, and Polkadot network.
Etherconnect Foundation is created to maintain the Etherconnect
ecosystem platform and serve the ECC coin holders, who are the
beneficiaries of the foundation and govern how it operates.

The Etherconnect Foundation will ensure the release and

development of the Etherconnect utility ecosystem and the
Etherconnect community is established enough to maintain it in a
completely decentralized manner. The Etherconnect Foundation is
also responsible

for safeguarding certain intangible assets pertaining to the project

such as trademarks and copyrights.
Etherconnect
Community-Governed Organizations
Etherconnect is an Decentralized Autonomous Organizations for
worldwide market and its community members – they are changing
how organizations are coordinating their activities to create value.
A Etherconnect is decentralized because control over its operations
does not reside in a single location.

It is autonomous because the decentralized finance blockchain

technology and blockchain AI smart platform govern its operations
determine how the organization functions, without the need for
human intervention. Etherconnect represent a massive upgrade on
the traditional firm. Etherconnect use multiple blockchain
technology and programmable incentives to solve issues
traditionally faced by global organizations, such as financial
transparency, process automation, governance, and aligning
geographically-separated, individual stakeholders in pursuit of a
common goal. By combining state-of-the-art technology with new
token-economic, governance, and financial models, Etherconnect
can provide substantial benefits for their members. With
Etherconnect, communities are able to leverage the strengths of all
members, turning them into active stakeholders to grow the
network together. While Etherconnect have amazing potential,
they’re still very new. Most existing protocol are too complicated for
the average person to interact with as they require a sophisticated
knowledge of cryptocurrencies. What’s needed to bring
Etherconnect more into the mainstream?

Better user experience, simpler governance & ECC utility platform

voting processes, a reputation system that promotes positive
actions, and more incentives for active participation. With these
systems in place, each Etherconnect member has both economic
and social incentives to be a nice person, a good collaborator, and a
team player, as well as to hold each other accountable, regardless
of age, experience, or perceived influence.
Staking
Etherconnect will support non-custodial staking services beginning
with Ethereum, Binance smart chain, and Polkadot Ecosystem
assets including but not limited to:

- ETH
- BNB
- DOT
- ECC

As more Ethereum, Binance, and Polkadot Ecosystem assets

become available for staking, we will add them accordingly. These
include EYFI, ECC, and BNB. Continuing our non-custodial staking
service, we will add other DPoS assets such as:

- BNB
- TRX
- ETH
- DOT
- ECC
- EYFI

We plan to support non-custodial staking in the near-to-mid-term

but will also add custodial staking-as-a-service for other PoS assets,
such as ETH 2.0 and BNB. The rules for the staking of assets will
vary by the chain and by the asset. However, as An example, we will
not charge staking-as-a-service fees for Ethereum assets in the
beginning, but we will charge a staking fee for other DPoS assets.
These fees will be variable depending on the staked asset and can
be voted upon through the ECC governance token.
Example: If a user is staking $1,000 worth of ETH with us and
generates a 16% return On their assets, we will return the
principle + 16% in ECC and give them at least an additional % of
the ECC value of the ETH interest generated in the form of the ECC
coin. In this case, they would receive $1,300, a 30% return, in USD
value on their underlying principle. Depending on the Racer level
of the individual they could receive an even higher percentage of
ECC interest, up to 100% of the ECC value of the ETH or BNB
interest.
Etherconnect Ecosystem
Etherconnect is developing multiple DEFI protocol ecosystem over six
phases.

In Phase 1, we created the cross-chain bridges to existing Ethereum

open-source DeFi blockchain staking protocols, such as Compound,
to offer our users access to staking interest for Ethereum-based
assets in ECC coin. By staking ECC coins you'll receive your part of
ECC protocol profit (dividends) from the ECC Dividend pool. Our
blockchain experts are working on new DeFi staking protocol which
involves that users don't need to use the ETH network to receive
payouts for freezing ECC. Etherconnect Staking and 90%-10%
system allows opening a new interest line for newcomers from non-
Dapp market who are going to use Etherconnect services.

In Phase 2, we’re developing yield farming lending protocol to

provide access to high-interest savings options and ECC stablecoin
loans. This platform agnostic approach allows Etherconnect to
cooperate with industry leaders across multiple Blockchains and
protocols, giving users access to a full suite of services within a
single, easy-to-use interface. Etherconnect community will take a
small spread on these integrated protocols.
In Phase 3, we’ll be developing our own proprietary
lending algorithm & stablecoin Ecosystem, similar to
compound, but with cross-chain collateralized assets
rather than just Ethereum-based ones. By using tokenized
derivatives, such as ECC or BNB, as collateral, we’ll allow
users the opportunity to generate staking rewards even
while taking out stablecoin loans. Users can utilize this
Etherconnect system to leverage their underlying ECC
assets, in a way that’s less risky than traditional margin
trading, in order to acquire more of them, generating
further yields.

In Phase 4, we’ll live the stablecoin protocol to the live top

exchange which can provide access to high-interest
savings options and ECC stablecoin. This will give
worldwide users access to a full easy-to-use interface to
maintain the ECC and EYFI coin growth. The ECC stable
coin will also help to increase the yield farming APY and
provide the loan in to the market with lower rate of
interest.

In Phase 5, For half a year, the Etherconnect team has

been working to create the best decentralized finance
casino gaming experience in the Etherconnect ecosystem.
In next 6 months, Etherconnect managed to grow out
from gaming startup to the large platform with the best
DeFi casino gaming opportunities. The Etherconnect DeFi
Casino gaming platform will became recognizable and
well-known by the whole crypto gaming world very soon.
Our team continues to use the DeFi blockchain technology
allowing making the casino gaming process more
transparent and provably fair. We use the maximum
capabilities of blockchain development with an off-chain
betting system. This solution provides a number of
advantages: scaling of the platform, paltry commission,
min bets in and instant transactions.

In Phase 6, EYFI will be the next native stablecoin of the

Etherconnect utility platform, which will be launching after
3rd phase of our lending platform development complete.
It is Similar to other stablecoin; EYFI will be the multi-
collateral, generated through Collateralized Debt Positions
(CDPs) in an over collateralized manner, and pegged 1:1
with the ECC and US Dollar.

While DAI can only use ERC-20 assets to back it, EYFI could
be backed by any Cryptocurrency that’s supported by the
Ethereum, Binance smart, and chain Polkadot multi
blockchain network, which will include ECC, BNB, ETH, DOT,
BTC, ETH and ERC-20 tokens, EOS, etc. The specific assets
that will use in practice will depend on the liquidity of the
underlying asset and the selections of Etherconnect
community members via the community governance
process.
ECC Uses as Derivative Coin in
Etherconnect Ecosystem:

While ECC community users may choose to stake with ECC

coin in a fully non-custodial Manner, there is a downside to
staking coins this way.

Ethereum (ETH) tokens will be Locked for 365 days on

Etherconnect after unbinding, and seven days for ECC coin.
Derivative tokens, such as EYFI, provide liquidity for
NPoS, DPoS, and other staking Cryptocurrencies that would
otherwise be bonded, and therefore locked, as part of the
Staking process.

These derivative tokens still provide users with the ability to

participate in on-chain governance, by signaling their votes
on proposals via the Etherconnect platform, and they are
redeemable for their underlying assets at any time. The
value of derivative coin like EYFI grows as over time due to
the accumulated value of ECC staking rewards, similar to
how Compound’s cTokens increase in value due to the
interest generated by the protocol.

These derivative tokens are exchangeable receipts for the

underlying assets, allowing the benefits of liquidity and
tradability while still supporting the security of the
underlying DPoS networks through native on-chain staking.
Etherconnect Governance
In order to submit a proposal and vote within the
Etherconnect ecosystem, a member Must first hold and
stake ECC. Each staked ECC represents 1 vote within the
Etherconnect DeFi system. In order to propose a topic for
voting, users will need to deposit USD $100 worth of ECC as
collateral.

If the proposal should fail, they will lose the ECC, but if the
proposal passes evaluation from the council, then the vote
will proceed. If the proposal receives a simple majority
(51%) of the votes from the valid voters (staking ECC), then
the depositor will receive their ECC back as well as an
additional amount of EYFI for helping the ecosystem.

The process for voting is as follows:

- 1 week for proposals
- 1 week for evaluation of proposals
- 1 week for the voting of proposals
- 1 week for the implementation of proposals

ECC holders who stake ECC will be allowed to propose

changes to the Etherconnect

Ecosystem including, but not limited to, changes in:

- Interest rates
- ECC Inflation level
- ECC Ecosystem grants
- Adding additional staking assets
- Adding additional lending products
- Etc.
The Etherconnect Council is currently comprised of 5
Council Members. The Council Members will serve 2-year
terms and will help guide the proposal, evaluation, voting,
and implementation process for Etherconnect. Every two
years, there will be a vote for the next Etherconnect
Council Members, with the maximum number of Council
Members being set at 9. The Council will always maintain
an odd number of councilors to never allow for a tie during
the evaluation of proposals. The maximum number of
consecutive council terms by any Council Member is set at
5.

It is also possible within our governance model that the

Etherconnect Council can create sub-councils that
specifically focus on certain topics, such as the
Etherconnect Financial Council. The overall Etherconnect
Council holds veto power over any sub council.
Grants

The Etherconnect Foundation’s Member Grant program is

designed to directly support the growth and expansion of
the Etherconnect ecosystem through projects that either
increase ECC coin adoption and use, open up new markets
and business lines, support economies (both emerging and
established), create novel uses of the Etherconnect
stablecoin, or ones that generally embrace Etherconnect
Foundation’s guiding principles and vision. The program
can make grant allocations between 5K - 100K USD
equivalents in either ECC Coin or the EYFI stablecoin. Any
grants given out will be distributed on a milestone basis as
the teams reach different pre-determined KPIs.

As with anything in the Etherconnect ecosystem, should

the members deem that this allocation range is either too
small or too large, a vote may be proposed to change it.
The Etherconnect Foundation aims to support a wide
variety of products and companies as it continues to
execute upon its roadmap of services.

Initially, the grants will look at companies that are using

and building upon Parity Substrate and interacting with
the Web3 ecosystem or solving issues within decentralized
staking and lending services. As the Etherconnect
ecosystem and service offerings grow, the scope for the
grants will widen and shift to best support the
organization. These companies are ideally self-operating,
outside teams that have shown an ability to execute upon
a formulated strategy and plan.
The Etherconnect Foundation Members will provide some
support in working with the grant obtaining teams to help
them best position themselves within the Etherconnect
ecosystem. The Etherconnect technical developer team
will also work closely with the teams at different stages of
their development to make sure that their product and
build-out can be easily and securely integrated into
Etherconnect.
Custody
The security of cryptocurrency assets is one of the most
important elements in the blockchain industry. Many
blockchain companies have failed due to poor security
procedures.

Most security breaches could have been prevented by

taking simple precautions to protect critical resources.
Etherconnect will integrate a mix of noncustodial and
custodial wallet solutions depending on the specific
service offerings.

When custody is required for specific services,

Etherconnect will use and leverage binance smart Chain’s
enterprise-grade security solution that utilizes the
strongest encryption technology available in order to
have absolute trustworthiness. As security is of the
utmost importance for us, Etherconnect will focus on
offering non-custodial services for its initial staking
business line through Delegated Proof of Stake (DPoS)
coins. By utilizing and working with cryptocurrencies that
are DPoS, Etherconnect is able to greatly reduce security
risk as it will not be handling any of its members’ digital
assets, having them remain at all times in the members’
custody. As additional tokens are offered that are Proof
of Stake (PoS), we will maintain these through industry-
leading security solutions.
ECC Coin
Etherconnect and the ECC DeFi Protocol are only able to
operate as a community-governed, decentralized
autonomous organization through its use and integration
of the ECC coin. ECC coins are the entry pieces for people
to become members into Etherconnect ecosystem and are
what allows them to decide how they want the
organization to operate. ECC coins to grant members of
Etherconnect governance and voting rights, access to
collateralized loans
and compounded interest, as well as entrance into
Etherconnect staking, Lending, and play defi casino games
online to earn profit instantly.

Initial Staking Membership Offering

ECC coin will initially available to the public through
Etherconnect Initial Staking member Offering (ISMO). We
are offering Staking membership rights into a next-
generation decentralized financial ecosystem that’s
structured as a stablecoin to give financial freedom and
decision-making abilities to its members. People who
participate in the Etherconnect Staking will be given ETH,
BNB, BTC, Tron and access to the Etherconnect Staking
platform to earn daily staking earning; All Etherconnect
Community members are also able to access a broad
range of financial services and rights within the
Etherconnect ecosystem.
Asset Purchases
15% of the Etherconnect Foundation’s initial funds will be
used to purchase assets to operate our various staking-
as-a-service nodes. These assets will accrue staking
rewards, of which:

• 50% will be used to re-purchase ECC Coin for future

staking & referral rewards
• 25% will be rewarded to users of the Etherconnect pool
savings game
• 25% will be re-staked to grow the Etherconnect
Foundation’s assets under management (AUM) on behalf
of its beneficiaries, the ECC token holders.

Burning

Every time an Etherconnect foundations burns an ECC

coin in order to enter the Etherconnect Pool or uses ECC
Coin to pay interest on a loan taken out through
Etherconnect Lending protocol, that ECC is sent and
collected in the Etherconnect burn wallet. Every quarter,
we will burn, in its entirety, all of the collected ECC held in
that burn wallet. All transactions will be transparent and
completed on Binance smart chain & Ethereum
Blockchain, with Polkadot Chain. We could eventually
burn up to 50% of the total ECC supply, leaving50%
remaining for the users transactions for the entire utility
platform.
Etherconnect DeFi Protocol
Etherconnect DeFi Protocol is a reputation mechanism
that aims at rewarding members for their contributions to
the Etherconnect DeFi ecosystem.

Etherconnect overarching goal of bringing peace-of-mind

to peoples’ control of their financial future cannot happen
without the support and participation of its members. The
more members participate, the more decentralized and
autonomous Etherconnect becomes. ECC DeFi Protocol is
a reputation system that plays a crucial part in the
Etherconnect ecosystem by rewarding and incentivizing its
members for performing positive actions within the
organization.

Members who carry out different actions within

Etherconnect are rewarded in ECC. The more ECC a
member has, the more benefits that member will receive
within the ecosystem. There are 10 tiers within the ECC
Protocol that unlock different incentivization offerings
that ultimately allow our members additional
opportunities to increase their ECC Coin holdings,
decrease fees, earn rewards, and more.

Besides the amount of ECC each user earns, users must

also hit specific requirements of staked ECC in order to
receive all of the rewards in that specific tier.
Users gain ECC Coin by supporting the Ecosystem
through:

• Staking ECC Coin

• Taking out & paying back loan from Etherconnect Lending
Protocol.
• Submitting & voting on proposals on Etherconnect
Protocol
• Joining the Etherconnect Utility Platforms.
• Referring friends to grow the ECC Community
• Receiving grants

Users with higher ECC gain access to various

benefits, such as:

• Increased ECC staking rewards

• Decreased staking fees
• Free access to Etherconnect Yield Farming
• Lower loan interest rates on ECC Lending
• Loyalty Rewards, such as EYFI and community recognition
Etherconnect Tiers & Rewards
Etherconnect requires members to burn at least 1 ECC coin
in order to take part in the savings games. Besides just
being able to participate in Etherconnect by burning ECC
coin, members that accumulate enough ECC are given free
entries to participate in all offered Etherconnect protocol.
Once members hit the different ECC levels, they will be
automatically enrolled in every platform in the amount
offered in their designated Tier.

ECC Coin interest rate will be dependent on the circulating

supply of ECC and how many ECC Coin are being staked at a
given time. Depending on members’ Etherconnect Tiers,
they will be entitled to a percentage increase on whatever
the ECC Coin interest rate is at that time. These interest
rates will be automated and written into smart contracts on
the blockchain. Staking fees will vary from each PoS or DPoS
cryptocurrency that is supported and offered on the
Etherconnect platform. Depending on the specific fees
associated with the specific PoS / DPoS cryptocurrency, the
Etherconnect Tier levels will allocate a reduced percentage
based on those fees at that time. These reduced
percentages on the fees will be automated and written into
smart blockchain.

Loan interest rates will be calculated based on the assets

that users are borrowing against and the pre-determined
rates at that time. Depending on the given interest rates at
any specific time, users who qualify in specific Etherconnect
Tiers will receive a discounted rate in real-time. These
reduced percentages on the interest rates will be automated
and written into Binance smart chain.
Etherconnect DeFi Community
Etherconnect Community is established as a registered
separate legal entity with the name if ECONNECT LIMITED,
without owners. Its initial assets are donated to the
foundation and are managed by its councilors on behalf of
its beneficiaries. A community council (analogous to a
company’s board of directors) manages and administers
foundation assets in accordance with its purpose as detailed
in the terms of its charter and regulations. Persons who
become members of this Foundation become its
beneficiaries and are collectively known as the "Members"
or singly as a "Member". Interests of the Members of the
Foundation are denominated in "Units”, which are
represented by ECC Coin.

Econnect limited are provided for under the Etherconnect

Foundations Act 2009 as amended by the Foundations
(Amendment) Act 2011 (together the “Act”). The Act strikes
an effective balance between sound regulation and market
attractiveness. Foundations are often formed for wealth
management purposes, and are commonly used to hold
investments such as company shares, bonds and real estate,
or cryptocurrencies and digital tokens. Etherconnect
Foundation will own 100% of the shares Etherconnect ECC,
a Econnect Limited. Which will operate all business activities
in service of the Foundation on behalf of its Members?
Approximately 15% of all funds raised will go toward
purchasing cryptocurrency assets and nodes to operate the
staking-as-a-service business on behalf of the Members.
The ECC staking rewards from the Foundation’s assets will
be used as follows:

•50% will be used to buyback ECC Coin on secondary

exchanges
•25% will be used as rewards for the Etherconnect Utility
savings
•25% will be re-staked to grow the Foundation’s assets
under management (AUM) on behalf of its Members
Etherconnect Blockchain W3F

Etherconnect Foundation collaborates with leading

Blockchain organizations at both Technical and business
levels.

Web 3 Foundation

Web3 Foundation was created to nurture and steward

technologies and applications in the fields of decentralized
web software protocols, particularly those that utilize
modern cryptographic methods to safeguard
decentralization, to the benefit and for the stability of the
Web3 ecosystem. Ethereum & Binance Smart chain is the
flagship protocol of Web3 Foundation.

Parity Technologies

Web3 Foundation has commissioned Parity Technologies

to build Ethereum & Binance. Founded by Ethereum
cofounder Dr. Gavin Wood, Parity is a global team of top
distributed systems engineers, cryptographers, solutions
architects and researchers. Parity has fundamentally
shaped the blockchain industry, from building the highly-
adopted Parity

Ethereum client and implementations of Bitcoin and Zcash,

to developing the next generation of blockchain
technology with Substrate and Binance Smart chain.
Binance Smart Chain

Binance smart chain is a next-generation blockchain

protocol that unites an entire network of Purpose-built
Blockchains, allowing them to operate seamlessly together
at scale. Because BSC allows any type of data to be sent
between any type of blockchain, it unlocks a wide range of
real-world use cases.

By bringing together the best features from multiple

specialized Blockchains, BSC paves the way for new
decentralized marketplaces to emerge, offering fairer ways
to access services through a variety of apps and providers.
While Blockchains have demonstrated great promise in
several fields—Internet of Things (IoT), finance,
governance, identity management, web decentralization,
and asset-tracking to name a few—design limitations in
previous systems have largely hindered large-scale
adoption. Polkadot’s design offers several distinct
advantages over existing and legacy networks, including
heterogeneous shading, scalability, upgradeability,
transparent governance and cross-chain compensability.

Existing Blockchains are too slow, too rigid, and too foreign
to traditional digital infrastructure to be used by most
institutions and organizations. Blockchains must meet
businesses’ requirements in order to be successful and
implementable. Binance smart chain iterates over previous
generations of blockchain networks such as Bitcoin and
Ethereum. Built with Substrate and focusing on security
and usability, Binance Smart Chain introduces greater
interoperability, scalability, increased network speeds, and
cross chain transactions.
Features
BSC represents a shift in network design and development
philosophy over previous Blockchains and is better geared
for mass adoption.

Features Benefits for developers and end users

By entering a public address in the Binance Smart Chain browser, users

Transparency
can see holdings, transactions, and network data related to this account

Projects built on Binance Smart Chain can be compiled using a separate

Interoperability
client and communicate with other chains

Light nodes, rather than full nodes, do not need to run 24/7 or read and
Client Requirements
write a lot of information on the blockchain.

Separation of runtime components, allowing easy runtime

Upgradable Chain upgrades; Binance DeFi can easily upgrade the main chain without
requiring a hard fork

On Binance Smart Chain, thanks to the Aura consensus algorithm,

Flexible Consensus
finality is reached with each new block created

Efficient Deterministic Virtual machine interpreters with available toolkits; Using

Sandbox Web Assembly Web Assembly, dApps can be built using different smart
Runtime contract languages

Updates that affect consensus are compiled using

Web Assembly and developers can store as many versions of
Seamless Client consensus code as they want to compile with native code. Binance
Upgrade Smart Chain handles this complexity to ensure that the native code
being executed is consistent with the currently deployed Web Assembly
code

Binance Smart Chain iterates over previous generations of

Blockchain networks such as Bitcoin and Ethereum.
Focusing on scaling up, Binance Smart Chain introduces
greater interoperability, increased network speeds and
enables cross-chain transactions.
Customizable Consensus Algorithm

• Support licensed blockchain and different consensus

algorithms (e.g. PoS, PoW, etc.)
• Support for customizable adjustments
Support for network updates on the chain
• The new contract can be deployed without upgrading
the node without a hard fork in the chain

High TPS

• Up to 3,000 TPS on PoA

• Ability to scale horizontally to extend TPS
• Existing Blockchains, like bitcoin and
• Ethereum, follow the longest chain rule but lack finality.
Appendix A:

REGULATIONS OF ETHERCONNECT COMMUNITY

Section 1. Purpose. The purpose of Etherconnect

Foundation is to hold shares of Etherconnect ECC, a
Econnect Limited, which will operate all business activities
in service of the Foundation on behalf of its Members. This
Econnect will operate as a ECC Decentralized Autonomous
Organization, through which it can accept requests to
perform services for its Members or third parties, solicit bids
on such requests from Members and non-Members, and
permit Members to allocate responsibility and
remuneration of Members and others for completion of
related tasks. The Foundation may transact such other
lawful business as the Members may determine in
accordance with these regulations.

Section 2. Powers. The Foundation may engage in any and

all activities that may lawfully be performed by a Econnect
Limited under the Econnect Limited Act, 2009 (the "Act"),
and other applicable laws.

Section 3. Governance; Type of Decentralized Ledger;

Security Protocols; Tax Elections.

(a) Governance. The Foundation intends to govern itself

and conduct all of its activities through the use of
blockchain technology, software-enabled governance
procedures and protocols, and associated voting protocols,
including but not limited to:
(a) Admission or expulsion of Members and approval or
denial of Member Unit transfer requests;

(b) Proposed upgrades to or modifications of the ECC

Foundation’s Platform, and/or protocols;

(c) Proposed changes to these regulations;

(d) Bids or proposals to perform work for third parties;

(e) Bids or proposals for Members or non-Members to

perform work for the Foundation and/or third parties and
receive payment and Reputation there for in their individual
capacities; and

(f) Any other matter of governance or other activity the

Foundation finds necessary or convenient to have its
Members determine collectively. The software-enabled
governance procedures and protocols adopted from time to
time by the Foundation, together with this document, shall
jointly constitute the regulations of the Foundation. The
initial version of such governance procedures and protocols
is described in Appendix B to this document, but the current
version of governance procedures shall, at all times, be
determined by and stored on the ECC. Subject to the
foregoing provisions and the provisions of Section 6, the
Foundation shall be governed by its Members, collectively.
(b) Type of Decentralized Ledger. The Foundation will
utilize a decentralized, publicly available ledger (the
"Ledger"). Information about participants’ permissions and
ability to read and write protocols to the ledger is set out in
Appendix B.

(c) Security Protocols. The Foundation believes that the use

of blockchain technology and a ECC structure provide ample
security, but has nonetheless established security protocols
to address and mitigate risk. Information about those
Security Protocols is set out in Appendix B.

(d) Tax Status. No taxation. Seychelles foundations are

completely exempt from any form of taxes in Econnect,
meaning that all income and gains of any kind of the
foundation are not taxable in Seychelles. Distributions to
beneficiaries, fees paid to investment advisors and similar
are also tax exempt.

Note: U.S. taxpayers and those from countries taxing global

income are required to report all income to their tax
authorities.

Section 4. Units; Outside Work and Duties; Compensation;

Capital Accounts; Foundation Funds.
(a) Units. The Foundation will have Units, called ECC Coin;
their supply fluctuates in accordance with the economic
parameters of the smart contracts and decided upon by
the ECC members. The voting power of each staked Unit
will initially be 1 (1 staked ECC Coin = 1 voting power).
Future iterations of the protocol may have voting power
vary in accordance with the corresponding Unit holder’s
Etherconnect, as determined from time to time by the
Members through the ECC, or by such other methodology
determined from time to time by the Members through
the ECC. The number of Units in the Foundation held by
each of the Members as of the date of this document and
thereafter will be as determined by the smart protocols of
the ECC. Unit records will be updated dynamically as
Members are admitted or leave the Foundation and if
Members transfer their Units to others. The Foundation
neither expects nor intends to amend its written Charter to
reflect such changes, as all such information will be stored
on the ECC and accessible to Members therein.

(b) Outside Work and Duties. Members, including

Councilors, are permitted to work for and have outside
business interests in companies and organizations besides
the Foundation, and such work or interests will not violate
any duties or obligations of Members or Councilors’ to the
Foundation. No Member will have any fiduciary duty to
the Foundation for any contractor work done for the
Foundation, unless the Members vote to approve such a
fiduciary duty and the Member concerned consents to it.
(c) Compensation. Members, Councilors, and non-
Members may receive compensation as independent
contractors on particular tasks undertaken through the
Foundation as approved from time to time through the
ECC structure, including, but not limited to, for services of
the Councilors to the Foundation and services by any
Member or non-Member to a third party on behalf of the
Foundation or directly to the Foundation, at such times
and amounts approved by vote of the Members or as
established in the regulations. Neither Members,
Councilors’, nor non-Members will receive distributions
from the Foundation aside from such compensation,
unless the Members or regulations approve such
distributions.

(d) Foundation Funds. Foundation funds may consist of

traditional currency or of digital assets, including, but not
limited to, cryptocurrencies and digital tokens. All
Foundation funds consisting of traditional currency shall
be deposited in such bank accounts or invested as
designated by the Councilors’. Foundation funds consisting
of digital assets shall be held in such a manner as may be
designated by a vote of the Members. In whatever form,
such funds shall not be commingled with funds of any
other entity managed, controlled, owned or advised by
any of the Members. All withdrawals from any traditional
currency accounts shall be made only by a Councilors or by
other persons duly authorized by the Foundation to make
such withdrawals. Transfers of digital assets may be made
by duly authorized persons or through duly authorized
"smart contracts" or other automatic means approved by
the Members.
Section 5. Distributions; Financial Reporting; Books
and Records.

(a) Distributions. The Members will make all decisions

related to distributions of cash or any form of currency
(including, but not limited to, cryptocurrencies and digital
tokens). For the first two years, in order to efficiently create
the ECC products and services, the Foundation’s assets will
be professionally managed by its initial contributors, who
will act in accordance with guidance from the Councilors and
advisors.

(b) Financial Reporting. Each Member agrees to be bound

by the decisions of the Members with respect to
distributions and other aspects of the Foundation’s
accounting.

(c) Books and Records. The Foundation books and records

shall be kept in accordance with the accounting methods
determined by the Members to be most advantageous to
the Foundation for financial and reporting purposes. The
books and records shall be open to the reasonable
inspection and examination of the Members or their duly
authorized representatives upon request.
Section 6. Management; Councilors; Indemnification

(a) Management. The business, operations and affairs of

the Foundation will be managed under the direction of
the Members in accordance with the governance
procedures described in this Charter. The use of
Councilors(s) described below is for convenience of
administration and is not intended to diminish the
fundamental role of the Members as a whole in directing
the operations and affairs of the Foundation.

(b) Councilors. Notwithstanding the provisions of Section 6

(a) above, in order to maintain a centralized point of
contact with the outside world, the Foundation will, at
all times, have one or more Councilors with the limited
authority described in this Charter, who will be selected
from among the Members by vote of the Members, the
first of whom shall be the individuals referenced in
Appendix B. If the Members name multiple Councilors to
act at any given time, each such Councilor will have the
power to act individually on behalf of the Foundation,
independent of the other Councilors', unless decided
otherwise by the Members. Councilors may also be
required to post a surety related to the faithful
performance of managerial duties, if so determined by
the Members. Councilors may be removed or replaced
and one or more Councilors may also be named, also by
vote of the Members. The Councilor(s) will have primary
responsibility for interacting with third party service
providers and officials
 (e.g. accountants, attorneys, government officials and
departments) on behalf of the Foundation and such other
tasks as the Members or this Charter may assign. The
Councilor(s) will have the power to execute or file any
document required or permitted to be executed or filed on
behalf of a Foundation under the Act. A Councilor, like any
Member of the Foundation, may fulfill multiple roles within
the Foundation, including but not limited to, Member,
Councilor, developer, contractor, voter, or other participant
in the ECC operated by the Foundation. Within their
authority, Councilors may act as agents of the Foundation.
No other Member will be an agent of the Foundation solely
by reason of being a Member.

(c) Indemnification. Any Member, including a Councilor, may

request indemnification by the Foundation for his, her, or its
acts for or on behalf of the Foundation, including, but not
limited to, actions related to a particular bid by a Member
to perform work for or on behalf of the Foundation.
Indemnification may be granted or approved through the
same Member voting process or regulations used to govern
the Foundation’s activities and operations.
Appendix B:

MATERIAL INCORPORATED BY REFERENCE IN

APPENDIX A
3(a) The initial version of such governance procedures and
protocols will consist of the
following, which may be changed at any time by vote of
the Members through the ECC:

• The Binance Smart Chain framework. This consists of a

set of smart Defi deployed on Cross Chain that defines the
basic building blocks and standard components that can
be used to implement any Dapp.

• Members of the Foundation will use the Etherconnect

protocol to vote on all proposed governance matters
related to the Foundation and on all proposed projects
submitted to the Foundation through the ECC, which may
include proposals for the ECC to perform work for outside
clients and proposals for ECC Members and/or non-
Members to perform work for or on behalf of the ECC in
exchange for digital currency or tokens.

• Etherconnect is a non-transferrable balance associated

with a cryptographic address, meant to gauge a user’s
reputation and positive actions within the community. An
address with a positive ECC Coin balance, who is staking at
least 1 ECC Coin,
will be considered a Member. Each Member will maintain
at least one Etherconnect, but voting power in the ECC will
be calculated according to Members’ staked ECC Coin,
meaning that Members with higher amounts of staked
ECC will have greater voting power. Note that future
upgrades, voted on by Members, may also utilize
Etherconnect balances to calculate voting power.
Etherconnect will be awarded and adjusted by smart
contracts, per the specifications set by the ECC, and can
also be adjusted by votes of the Members through the ECC
protocol. Non-Members may become Members of the ECC
and receive Etherconnect if they stake at least 1 ECC Coin.
Only Members may submit and vote on proposals.

• Proposals by Members may involve requests for

Etherconnect in exchange for work.

• When proposals are approved through the ECC protocol,

the ECC will approve awarding the submitting Member the
digital currency, tokens, and Etherconnect (if any)
associated with that proposal.

• Whenever a non-Member client desires the Foundation

or the ECC perform a project, a proposal for the same
must be submitted to a vote of the Members through the
ECC protocol. A Member may submit the proposal on
behalf of a client, providing such details as needed to
allow the Members to consider the proposal.
Neither Members nor Councilors may unilaterally agree
that the ECC will perform a project for a third party
without first obtaining the consent of the Members
through the ECC protocol. Non-Members for whom the ECC
agrees to perform work will receive the address of the ECC
that allows the non-Members to pay the Foundation. The
ECC will award that payment to those Members and/or
non-Members whose proposals to perform the same work
are also approved by the Members through the ECC
protocol.

3(c) The Foundation’s security protocols are subject to the

following provisions:

Blockchains and smart contracts are highly experimental

and subject to security breaches. Members acknowledge
that the Foundation may be affected by A) bugs in the
smart contracts that comprise the Foundation’s protocol or
B) issues in the underlying ledger, such as integration
issues due to chain upgrades, or other unforeseen
technical issues. If a bug is discovered that compromises
the integrity of the Foundation’s protocol, all funds shall be
temporarily moved to a Multisignature Wallet ("Multisig")
if possible. The Multisig shall be jointly controlled by the
Councillor (s), and authorization of at least two such
individuals will be required to release funds from the
Multisig. When the patch is complete and the software is
stable, the Multisig shall redeploy the ECC with all previous
data (such as Etherconnect distribution and proposal
history) if it is technically feasible to do so. Following a
successful redeploy, the Multisig shall return all funds to
the ECC.
Disclaimers

Licenses and Approvals

Licenses and approvals are not assured in all jurisdictions.
Etherconnect intends to operate in full compliance with
applicable laws and regulations.

Third Party Data

This whitepaper contains data and references obtained from
third party sources. While the management believes that
the data is accurate and reliable, they have no been subject
to independent audit, verification, or analysis by any
professional legal, accounting, engineering, or financial
advisor. There is no assurance as to the accuracy, reliability
or completeness of the data.

Translations
This whitepaper and related materials are issued in English.
Any translation is for reference purposes only and is not
certified by any person. No assurance can be made as to the
accuracy and completeness of any translation. If there is any
inconsistency between a translation and the English version
of this whitepaper, the English version prevails.

Views of Etherconnect
The views and opinions expressed in this whitepaper are
those of Etherconnect and do not reflect the official policy
or position of any government, quasi-government, authority
or public body (including but not limited to any regulatory
body of any jurisdiction) in any jurisdiction. This whitepaper
has not been reviewed by any regulatory authority.