Euler’s Game Plan for the next weeks

 

We are ready to rock Q4! In this article, you will find what the Euler Tools team has planned for the coming weeks regarding product development, marketing, and the token $EULER.

Development

We are ramping up our development effort in a significant way. The deployments that will take place in the coming days will not only include improvements to the user experience but the overall depth of the Euler app.

We recently hired a new user experience team to create a smoother, better UI. The methodology is simple; track user’s movements on the app (such as clicks, average time spent, page roaming, etc.) and optimize the platform and pages accordingly. Tracking and updates will cover all the sections of the app such as charts, price feeds, landing, and wallet management.

Another important development is our upcoming website migration. The migration is planned to be completed within the next two weeks and once completed, the website will be moved from a static nature to a dynamic nature. While it is going to represent our new branding evolution, it will also help us to utilize opportunities regarding digital and content marketing.

As you may already know, we are also implementing Trust Wallet (https://trustwallet.com)support. It is already well in the development stage (http://development.euler.tools) and will be pushed to production after testing is completed.

Finally, we are nearing the Ethereum and Hecochain data deployment date. We already have the data stored in-house, will soon have it in production, and will finally bring it to the front end. This is a massive milestone for us and a beginning for many other chains to come. With this data in place, we now have 5 TB of data and 2 million entities mapped including tokens, pools, and exchange info!

Marketing

The team closed a deal with a top-notch marketing and consulting agency that is one of the best in the field — BDC Consulting (https://bdc.consulting). The plan includes positioning, scaling hypotheses, initial promotions and campaigns, and ads on different socials such as Twitter and YouTube. With the agency onboard, we will have a better grasp of the industry considering the behavioral characteristics of the audiences/clients and the competition scheme. The execution of the plan is going to provide qualitative and quantitative results. Hence, Euler Tools’ brand visibility will increase, along with recognition.

We are also nearing the launch of the Explorers community program this quarter! There are some minor details to be finalized, but progress is well underway. The program will allow our community to be a part of the project and help us to build a better and more inclusive platform. The users will earn $EULER as they add value to the project.

The Dubai event, held on October 11th & 12th, was an incredible success that increased visibility to Euler and allowed the project to gain significant recognition. While our presentation raised serious attention, the team built an amazing network and had a chance to meet with important figures within the industry. Now, it is time to prepare for the Web Summit in Lisbon, to be held November 1st–4th, where Euler Tools will be one of the startups representing the blockchain industry. This event has it all; speakers, investors, startups, and partners.

Our community is getting bigger every day. We now have 3 different Telegram channels; English, Spanish, and Turkish. In addition, we opened a new discord channel to be more engaged with the community. Here is the link to access it.

The Token

$EULER is a utility token that will give access to the premium features to its’ holders. 8.6M tokens have been already burnt which refers to 8.6% of the total supply. With 1% of each trade getting burnt, there is a huge deflationary tokenomics in play!

The burning mechanism in our token creates a double transaction burn and increases gas costs, which is not sustainable for the project in the long run. Since it’s hardcoded in the contract, disabling this functionality is not possible. So, we are excited to announce our plan to create a new contract that will allow holders to swap their tokens with a corresponding token that has identical value and price. Essentially, the new contract will pair the new token with the currently circulating $EULER at a 1:1 ratio.

The migration contract will hold all new tokens, and the only way to swap them will be only by depositing the old $EULER. The contract will be perpetually opened, and you will be able to swap your tokens at any moment. No time limit or conditions. Once the details are final, we will let the community know. So, if you are a holder, there is nothing you need to do at the moment.

Implementing this token migration will not only create a more flexible and better-designed token but also help us to get listed in centralized exchanges since the current burning mechanism poses a challenge. So, great future ahead for $EULER!

Euler Tools is a platform to explore and discover blockchain content with a clean, usable, and responsive interface. We offer an easy-to-use solution to the dispersion of the information on blockchain for everyone such as traders/investors, enterprises, and tech enthusiasts.

Blockchain explained — one platform, all data! Keep building, keep growing.

Twitter: twitter.com/EulerTools
Telegram: t.me/eulertools
LinkedIn: linkedin.com/company/eulertools
Website: euler.tools
App: app.euler.tools/
Discord: discord.gg/qXP6VJ65