The platform’s founders believed the demand for smart contracts might continue to grow with increased automated peer or group interactions becoming more prevalent. To fulfill this demand, Etherparty plans to provide a platform and value-added services that will enable anyone to use smart contracts and blockchain technology without requiring a deep understanding.
It operates on the Ethereum blockchain, and FUEL is its native cryptocurrency token. Etherparty is a system that allows people to design their smart contracts. These are computer programs that automatically execute once certain conditions are met.
Etherparty is about simple tools for the next generation of Blockchain-connected economies powered by Smart Contract automation – no programming required. The platform will interface with multiple Blockchains to provide intelligent scripting and decentralized storage. The goal is to make writing a contract as easy as filling out a form. It is built using Ethereum to support true Smart Contract functionality and processes.
The platform is user-friendly for creating, using, and managing smart contracts. The system is aimed at transitioning consumers and businesses to blockchain technology. Hence, the Etherparty platform aims to build a smart contract library for various industries, including banking and finance, trade, healthcare, supply chain management, insurance, foreign currency trading, real estate, digital identification, and more.
It is a contract wizard that removes the complexity of creating, managing and executing smart contracts on multiple blockchains. The platform allows users with zero knowledge of smart contract programming to create an enforceable, self-executing digital agreement for all types of transactions. It has the potential to dramatically expand the rate of commercial and consumer adoption of blockchain technology.
The native token of the platform is FUEL, which is essential to using Etherparty. FUEL is a transferable ERC-20 digital token that runs on the Ethereum network and is the Etherparty platform’s in-app currency. The FUEL token is used to validate a user’s activities with Etherparty and trade, execute, or swap for other smart contracts on the network. All the FUEL used on the platform is stored in the proprietary Etherparty Wallet.
The number of token crowd sales continually increases, and venture capitalists are pouring more money into early-stage blockchain companies than ever. According to Fortune magazine, in the first half of 2018, VCs exceeded the prior year’s funding to blockchain companies by $1.4 billion.
If you’re considering a token crowd sale to find contributors for your startup, you must understand the basics and ensure you have the time, skills and knowledge to run a successful crowd sale campaign.
Rocket by Etherparty is a user-friendly token creator that simplifies the crowdfunding process by letting you set up, launch and track your token crowd sale without a development team.
If you’re relatively new to blockchain technology, token crowd sales can seem bewildering.
Who are the founders of Etherparty (FUEL)?
It was founded in 2015 by Kevin Hobbs, Lisa Cheng, Jeffery Walsh, and Brian Onn.
What is Etherparty (FUEL) used for?
Run smart contracts seamlessly
Users don’t need any tools to run smart contracts using Etherparty. Contract drafts are always available and ready to be executed, and users can construct unique contracts to meet their specific requirements.
Connect to the Ethereum network
Etherparty connects directly to the Ethereum network, eliminating the need for software to sync to execute a contract rapidly.
How is Etherparty (FUEL) unique?
It is an end-to-end solution for token crowdfunding. This means that the Etherparty platform will fully support users throughout the process, from setup to deployment. It has an easy-to-use interface that removes technical jargon, so users won’t need a developer or skills in development to launch a token crowd sale.
These businesses use smart contracts because they offer significant benefits by automating contractual agreements, which minimize transactional friction, lower costs, and improve data security. Etherparty is a platform that seeks to simplify the development and execution of smart contracts by automating the process.
The clear, simple-to-read dashboard will assist in managing the token crowdsale, making it straightforward and effortless to present to potential contributors. Anyone launching a crowdsale on Etherparty will have their coin offering listed in a public directory for people to find, contribute to, or participate in. This will allow anyone to launch a token crowdsale and showcase them to the world right off our platform.
They are conducting extensive market and product research to hone in on the next set of product verticals we will target. Etherparty is also exploring blockchain solutions for a charitable giving platform, supply chain management, small business services, and simple legal contracts. So, when they launch future products built off of the Etherparty platform, they will be end-to-end solutions, offering real-world benefits to specific groups of people.
They have improved their technology stack by incorporating Golang, the programming language created by Google. The application is now entirely built out in Golang and has reached feature parity between our testnet demo and production-ready version. Etherparty has also deployed a staging environment for the new application and successfully deployed crowdfund and token contracts to the mainnet. They will be working with this staging deployment to prepare for our mainnet release just a few months away.
In addition, they are working on an automated testing layer that sits between the contract compilation and deployment stages. The contract will be filled with the user’s data, then tested to ensure the data passed in will not result in any vulnerabilities. This will allow us to ensure the integrity of what is finally deployed to the mainnet.
How many Etherparty (FUEL) coins are in circulation?
It has a circulating supply of 1 billion FUEL tokens. Essentially, 5 percent of all FUEL tokens — a total of 50 million — were earmarked for distribution by the company for Etherparty staff following the lockout period.
How is the Etherparty network secured?
Etherparty received a successful audit of the Etherparty FUEL token and crowdsale contracts from Zeppelin Solutions, a leading technology firm in the blockchain industry that provides security audits, consultation and development services.
Using the recommendations from Zeppelin Solutions, the development team at Etherparty has resolved all issues and implemented contract updates. Etherparty Smart Contracts enables a connected and inclusive world by building easy-to-use, versatile and intuitive smart contract solutions for enterprise and everyday use.
How do I buy Etherparty (FUEL)?
The FUEL token can be used for a wide range of purposes, like staking and governance.
FUEL tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
Which Cryptocurrency Wallet Supports Etherparty (FUEL)?
The PTPWallet platform supports many cryptocurrencies, with FUEL soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.