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Announcement – ilien on ethereum – EILN
Dec
Announcement – ilien on ethereum – EILN
Ilien Team;
e-address: info@ilien.io;
Date: 18th December 2020;
For publication;
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 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 wallets that qualified for the December 2020
bonus form the basis for this allocation.
You can check your allociation at: https://e.ilien.io/282-2/
50% of ILN in circulation was removed 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, when the “12 days of EILN” https://e.ilien.io/2020/12/17/twelve-days-of-eiln promotion
has concluded. The mammoth task begins, when the team distributes out this EILN to those wallets,
that qualify for their swap allocation;
The team have set up, two uniswap pools with EILN, for the community
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/
To premote ilien on ethereum a 12 days of promotion to encourage the community to participate,
and add your own liquidity to those pools will begin on the 20th December;
This link https://e.ilien.io/eiln-assets/ gives a step by step guide on how to:
set up a EILN wallet in AtomicDex,
To purchase or swap EILN can be found at;
https://www.youtube.com/watch?v=bKRlCx9eJTA&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. 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;
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 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;
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;
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