Batch 2 now live.

EILN ALLOCATION DISTRIBUTION – VERIFICATION.

Edit”EILN Allocation distribution – Verification.”

N.B. This process is for all who are due an allocation of EILN. Once you enter an ILN address in step 1 it will show your allocation, in which case, proceed as instructed below. If you are not eligible, it will show a message “No matching records found”.

To qualify your wallet for the EILN allocation distribution, requires that the EILN/ETH address you send your unique amount of ETH from holds at least 1 EILN. If not, proceed as described in steps 1-3 and then make sure you also do step 4.

Distribution will be executed over a number of batches. Timelines are strict. Errors made in specific amounts required for transfer, are each users responsibility. Errors will result in exclusion from batch distribution. Verification steps are detailed below.

Make sure you have the current version of atomicdex installed before you start. Link to wallet page.

To add live EILN pool price to your Atomicdex app

PRE-STEPS
• Logo – Ensure you have downloaded the EILN logo from https://e.ilien.io/eiln-assets/ to a folder
in your PC;
• Remove your current “custom” version of EILN from Atomicdex: Open your atomicdex app and
sign in to your wallet – If you have a current custom version of EILN in atomicdex (without the
EILN price) – delete it by “right clicking” EILN, and in the drop down menu select “disable and
delete EILN” … this will cause atomicdex to shutdown and restart (with no EILN token showing in
your wallet)
Note: In the following steps, you must add the EILN coinpaprika ID info at the coinpaprika step, for
your wallet to receive the live EILN coinpaprika info from https://coinpaprika.com/coin/eiln-eilien/… i.e. at the coinpaprika “test-coin” step (no 5 below), add in the EILN coinpaprika id, eiln-eilien
STEP BY STEP:
To add EILN token info and live pool price etc, to your wallet, follow the prompted steps on your PC,
and align with the steps below – and these steps should be completed for all wallets, where you wish
to show the EILN current UNISWAP pool price….

  1. To start, select add a custom coin/token by selecting “+”
  2. At type of token step – select ERC20 token
  3. At contract address step – input the ethereum EILN contract address (from https://e.ilien.io/eilnassets/ ) i.e. copy and paste the following address:
    0xb0DBa4BD6b6C4fC9A1263D8C19A57A6BdD740A52 in the contract address box
  4. At logo step – browse your pc for the EILN logo you downloaded, and select open
  5. At the coinpaprika step – where its says “test-coin”, copy and paste in the EILN coinpaprika id
    from https://coinpaprika.com/coin/eiln-e-ilien/ i.e. copy and paste: eiln-e-ilien
  6. At the preview step: select preview etc… atomicdex app will shutdown, and restart
  7. Sign in and open your wallet again, and you will see there is no EILN token showing, however all
    updated details are in the background of the app;
  8. Select add token “+” again, and type EILN into search box and add EILN;
  9. Your EILN tokens, info and live uniswap pool price will popup..

Announcement – EILN allocation Batch 1 is open:

Hi folks – pursuant to the white paper addendum, the ILN swap and EILN allocations for distribution, have been completed for the lien inputters (50%), the good causers (34%), & the team (1%), and now we move on to the general community swap/ allocation/distribution phase; This involves hauling in specific amounts in ILN allocated to each wallet, and swapping out for EILN; This phase will be completed by batches, and the inputting of your wallet data, instructions, including the batch closure dates etc are at https://e.ilien.io/verification-process/ ; Specific ETH gas fees will also be required from each EILN/ETH wallet to cover the cost of these 16k+ transfers, AND one EILN needs to be purchased by your EILN wallet, from the uniswap pool, to qualify for your EILN allocation (coins are c$1.50 today); There are a number of steps each qualifying wallet holder needs to complete, in order to receive their wallet allocation, and be careful to not make errors; And if you miss a batch dist date, there will be a number batch dates, up to the next ILN tranche release; Also note that ETH gas fees may be cost prohibitive, for EILN allocations against smaller ILN holding wallets; All details are at the link above; Thank you; Admin

Announcement – ilien on ethereum – EILN

 Announcement – ilien on ethereum – EILN 

 

 Ilien Team; 

e-address: info@ilien.io; 

Date: 18th December 2020; 

For publication; 

Hi Folks, 

We hope all are well in these strange and unusual times; 

Some of you may be aware, that for some months, the team has been exploring various routes to the relatively new DeFi markets; The ethereum platform is leading the way in this new arena, and placing a percentage of current and future circulating ILN tokens on the ethereum platform, became the best route and choice for the overall project going forward; In order to do this – a sister token of ILN has been created called “ilien on ethereum”, with an abbreviation EILN; 

Thus we are delighted to announce that the EILN chain has been functional for a few weeks now, and that a separate beta website https://e.ilien.io/ details the basis of that side of the ilien project; Over the course of the next few weeks, an amount of ILN token is being burnt, and an equal amount is being minted onto the EILN chain; All pertinent details are in the white paper addendum https://e.ilien.io/2020/12/09/white-paper/ ; As ILN holders you qualify for EILN swap allocations, on a 1:1 swap basis, and on a pro rata basis, and the 16k+ wallets that qualified for the November 2020 bonus form the basis for this allocation list at https://e.ilien.io/282-2/; 

The team “hauled in” 50% of the initial EILN circulation, in ILN from the inputters equally (past lien holders), and we thank them for their involvement over the last few weeks The plan is to burn and mint the initial EILN circulation very shortly, when the “12 days of EILN” https://e.ilien.io/2020/12/17/twelve-days-of-eiln/ promotion has concluded – and then the mammoth task begins, when the team distributes out this EILN circulation to those wallets, that qualify for their swap allocation; 

The team have funded and set up for the community, two small uniswap pools for EILN at the spot rate of 1g of gold – one EILN/USDT pairing https://e.ilien.io/eiln-usdt-pool/ , and one EILN/ETH pairing https://e.ilien.io/eiln-eth-uniswap-liquidity-pool/ , and the “12 days of Announcement – ilien on ethereum – EILN 

Page 2 of 3 Rev 0 18th Dec 2020 

EILN” promotion is to encourage the community to participate, and add your own liquidity to those pools; “How to set up videos” are available at https://e.ilien.io/eiln-assets/ , and a “how to step by step video” to use/purchase “Atomicdex to SWAP EILN” is at https://www.youtube.com/watch?v=bKRlCx9eJTA&feature=youtu.be , and also a how to step by step video” to use/purchase “swap USDT:EILN for EILN” is at https://www.youtube.com/watch?v=5zU6Zl2CgC0&feature=youtu.be ; 

We encourage all the community to put some EILN into these uniswap pools during the 12 day promotion, not just for the rewards (which are significant), but to familiarise yourselves with the operation of uniswap, prior to ILN:EILN swap distribution ; Both of the uniswap pairings (EILN/USDT and EILN/ETH) pools can be accessed at https://info.uniswap.org/token/0xb0dba4bd6b6c4fc9a1263d8c19a57a6bdd740a52 , and the 12 day EILN promotion commences on Sunday the 20th December 2020; And we emphasise that the promotion through rewards, is for you to increase the size of the EILN pools, during the promotion, to allow larger swaps, and reduce future pools swings, and obviously both the pools maximising over the 12 day promotion period, is in the communities best interest; After the promotion and swap distribution, EILN holders can interact at will; 

Recommended EILN wallets are at https://e.ilien.io/wallets/ ; When 2500 wallets are set up with EILN tokens, then full EILN chain communication and interaction is enabled by ethereum e.g. EILN price is available to bulk of DEXs, CEXs, coin registers, wallets, and logo appears in wallets etc; 

The ILN side of the project remains as is, and is the portal for inputters, good causes and bonuses, etc, as before; Current “passive” bonuses/rewards, will be changing during 2021 to “active” bonuses/rewards, requiring “certain actions” by ILN holders to qualify; And the circulation quantity of ILN reduces, by the amount EILN increases, ensuring that the net total quantity across both chains is constant, before an ILN burn, and after an EILN mint; 

As EILN participants interact in the DeFi arena, we point out that the bulk of interactions are on 3rd party platforms, and fat finger mistakes are not forgiven! This part of the project is no longer nurtured by the excellent komodo teams, and you are entering the commercial side of crypto-mania!; Obviously pc competency on new 3rd party apps, and individual research is key going forward; Announcement – ilien on ethereum – EILN 

Page 3 of 3 Rev 0 18th Dec 2020 

The team has reached out to past ILN good cause participants in the past days, regarding a “haul in” of their ILN:EILN swap allocations, and important mails could be sitting in their junk/spam folders, as not all have responded; Thus if you are a “good causer”, please check your junk/spam folders for these mails; 

Finally, the logo for EILN is slightly different to the ILN logo, and two triskeles have been added (gold and silver), replacing the central (gold and silver) “dots” in the ILN logo; Background colours for each differ also; The energy within any triskele is worth researching, and for the team, these triskeles also represent our team member known as triskele, who passed away suddenly a few short months ago, and who was instrumental in pushing this side of the project; 

Please take time to digest all the information in this announcement, the website, the white paper revision, the videos, the new wallets, the 3rd party apps, etc; 

And a big thank you, to all participants who invested their time in this EILN push, over the past months, particularly roger – “who steered the wheel 24/7”; 

We wish all the community and their families, happy holidays, and an excellent 2021; 

For and behalf of the ilien and e.ilien teams 

Admin 

Published on; 

ILN site, EILN site, & discord Announcement – ilien on ethereum – EILN 

Page 4 of 3 Rev 0 18th Dec 2020 

News Letter Signup

liquidity mining program

Details for the EILN liquidity mining program. Everything you need to know, and then some.

Following the many successful examples of Liquidity Mining programs set by other projects, we are excited to present the EILN Liquidity Mining Program!

We will reward Liquidity Providers of the EILN-ETH and EILN-USDT pairs on Uniswap V2.

Swap your coins/tokens for EILN in atomic DEX and add liquidity to your pool of choice. Once added you will be earning EILN awards till the end of the award phase or till you remove your liquidity. This awards are calculated per sec based on the % of the pool you own. Starts Sunday the 20th December

At random intervals a number of liquidity suppliers will be chosen for a 100 EILN  award.

Important: If you are not experienced with Uniswap or providing liquidity, we’d like to remind you that you are in no way obliged to do so. If this concept is new to you and you would like to learn more about how this works, this blog is a good place to start. As with all things crypto, be sure to completely understand what you are doing before you start, as it is not without risks.

Learn more
If you want to know more about what we do, read our whitepaper, visit our website, or join the discussion on the Discord.

How does Uniswap work?

Uniswap leaves behind the traditional architecture of digital exchange in that it has no order book. It works with a design called Constant Product Market Maker, which is a variant of a model called Automated Market Maker (AMM).

Automated market makers are smart contracts that hold liquidity reserves (or liquidity pools) that traders can trade against. These reserves are funded by liquidity providers. Anyone can be a liquidity provider who deposits an equivalent value of two tokens in the pool. In return, traders pay a fee to the pool that is then distributed to liquidity providers according to their share of the pool. Let’s dive into how this works in more detail. 

Liquidity providers create a market by depositing an equivalent value of two tokens. These can either be ETH and an ERC-20 token or two ERC-20 tokens. These pools are commonly made up of stablecoins such as DAI, USDC, or USDT, but this isn’t a requirement. In return, liquidity providers get “liquidity tokens,” which represent their share of the entire liquidity pool. These liquidity tokens can be redeemed for the share they represent in the pool.

So, let’s consider the ETH/USDT liquidity pool. We’ll call the ETH portion of the pool x and the USDT portion y. Uniswap takes these two quantities and multiplies them to calculate the total liquidity in the pool. Let’s call this k. The core idea behind Uniswap is that k must remain constant, meaning the total liquidity in the pool is constant. So, the formula for total liquidity in the pool is: 

x * y = k

So, what happens when someone wants to make a trade?

Let’s say Alice buys 1 ETH for 300 USDT using the ETH/USDT liquidity pool. By doing that, she increases the USDT portion of the pool and decreases the ETH portion of the pool. This effectively means that the price of ETH goes up. Why? There is less ETH in the pool after the transaction, and we know that the total liquidity (k) must remain constant. This mechanism is what determines the pricing. Ultimately, the price paid for this ETH is based on how much a given trade shifts the ratio between x and y.

It’s worth noting that this model does not scale linearly. In effect, the larger the order is, the more it shifts the balance between x and y. This means that larger orders become exponentially more expensive compared to smaller orders, leading to larger and larger amounts of slippage. It also means that the larger a liquidity pool is, the easier it is to process large orders. Why? In that case, the shift between x and y is smaller.

https://academy.binance.com/en/articles/what-is-uniswap-and-how-does-it-work