Backed By Boxmining, EBOX Tokens Enter The Upcoming DuckDAO Sale

Casper Brown
March 30, 2021 Updated July 23, 2022
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After a successful IDO whitelist, ethbox is geared up to release limited EBOX tokens on Uniswap. Crypto-guru Michael Gu from Boxmining backs the initiative by joining the team as an advisor.

Innovative Project To Safeguard Crypto Transactions Lists Its EBOX Tokens On Uniswap

ethbox, a community-incubated project designed to simplify the crypto user experience, has surpassed multiple milestones run in recent weeks. Its Initial Dex Offering (IDO) has built hype within the decentralized finance markets (DeFi). After successfully closing its whitelist IDO of EBOX tokens at DuckStarter, ethbox now enters DuckDAO sale while listing its EBOX tokens for trading on Uniswap.

The recent whitelist IDO marks a significant milestone for the ethbox project, a new way of transacting safely and privately on the Ethereum blockchain. ethbox plans to release 1.625 million EBOX at $0.055 each, representing one of many planned distribution mechanisms for its token.

Of the several projects launched on DuckStarter, a crowdfunding platform launched by DuckDAO, ethbox stands out as the favorite. The project, designed to meet the Ethereum blockchain’s demands, is a digital escrow platform based on smart contracts made for transferring Ether (ETH) quickly and securely over the blockchain. The platform aims to completely alleviate any risk while users send funds over the Ethereum blockchain.

ethbox’s project, backed by Boxmining, and KVestor, has been one of the highest gainers in the past couple of weeks. The platform is designed to simplify commerce and exchange transactions, as it makes it impossible to send funds to the wrong address. Additionally, it powers private transactions that no one can analyze except the sender and the receiver. Cryptographic techniques obfuscate data such as transaction amount, sender, and receiver from outsiders.

As mainstream investors are opening up to the world of cryptocurrency, there has been a sharp rise in the need to secure continuously rising transaction volumes. To address these needs, ethbox ensures that security checks are available in the mechanism to prevent loss of funds from both unintended ECR-20 transactions and unscrupulous blockchain operations. By offering the right solution to a fundamental problem, ethbox’s initial IDO attracted many potential customers without opting for any explicit marketing tactics.

Adding a significant competitive edge for ethbox, Boxmining Founder and renowned crypto-journalist Michael Gu announced his decision to join the platform as a strategic advisor. He plans to help grow the project by offering deep insights and guidance on adding new features and capabilities. 

The EBOX token, now live on Uniswap, acts as a governance token for the platform, entitling holders to up to 50% of its revenue and giving them decision-making power over the protocol’s development.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.