Eagle Network is a new blockchain innovation for users to earn Eagle, a cryptocurrency that you can mine on your mobile phone. By playing the roles of Miner, and Keeper, Eagle Network players will earn rewards in Eagles. In order to make Eagle valuable, Eagle Network is specially designed as a network consisting of genuine people which fosters players in mobile mining.
Q1. WHEN CAN I WITHDRAW EAGLE?
Miners will be able to withdraw Eagle as partner tokens Egon-INU and Catapult Protocol after Egoncoin mainnet. To know more when the testnet and mainnet is expected to be out please join the Eagle Network active Telegram group to be updated. Phase 4 of Eagle Network’s roadmap is the start of the Eagle Blockchain. Listing on major cryptocurrency exchanges will allow players to utilize the Eagles earned from Eagle Network to trade and sell. Note that the Eagle Network Core Team do not and cannot fix the initial price of EgonCoin as the price depends on market dynamics and holders mindset. Please refer to our project road map in the White Paper: https://eaglenetwork.app/white-paper. Bear in mind that it takes time and a collaborated effort to build the value of Eagle and the ecosystem of Eagle Network, if you are looking free money then Eagle Network is not the place for you.
Q2. WHAT IS THE GROWTH POTENTIAL IN EAGLE’S VALUE?
Eagle’s value will be backed by the population of Eagle Network, transaction volume services or goods exchange between Eagle Network’s, liquidity in the exchange market and time. Just like Bitcoin, its value was $0 back to its launch in 2008, but when its popularity grows and as time goes by, 1 Bitcoin is now trading at over US$ 50,000. As it takes time and a collaborated effort to build the value of Eagle and the ecosystem of Eagle Network. The more active people using Eagle to mine cryptocurrency the more value it gets.
Q3. WHAT DOES IT COST TO EARN EAGLE? DO I NEED TO PAY ANY MONEY?
You do not have to pay any money to join Eagle Network and earn Eagle. However, it does not mean Eagle is given for free. To make Eagle Network’s experience fun and rewarding, we strive to build a network of genuine people, foster interaction between players in real life and encourage players to exchange, services or goods in real life with Eagle balance. Hence it takes your consistent commitment to make contributions to the community and Eagle is your reward. The least you can do is to log in on a daily basis and activate a new mining session.
Q4. WILL MINING RATE REDUCE?
In order to ensure the stability of the price of Eagle and prevent any negative fluctuation common among cryptocurrencies, cutting supply (or known as ‘halving’ in the cryptosphere) is imperative to maintain the supply and demand chain of Eagle. By reducing the Eagle supply, Eagle Network can maintain the scarcity of Eagle tokens to secure the value held by our Eagle Network users - including you. Take Bitcoin for an example. Halving is a common occurrence that happens roughly every four years to the world’s biggest and most valuable cryptocurrencies, and the price of Bitcoin actually rises with each halving event that has occurred. In simpler words, cutting the supply of Eagle for each major user milestone safeguards the price of Eagle while protecting it from price inflation. Currently the mining rate is 1 Eagle per hour, which will eventually reduce as the supply set aside for mining is reached.
Q5. WHAT IS THE TOTAL SUPPLY OF EAGLE?
The Eagle Network economic model is built upon the following principle.
i) Due to the mining of partner tokens instead of Egon, the total supply of EgonCoin will be less than 300m.
ii) ii) Earlier joiner has already been rewarded with native token pending the release of the EgonCoin mainnet.
Q6. WHY IS THERE A DIFFERENCE IN EAGLE BALANCE?
The balance on the main page of the application is an indicator of your “temporary” earning in the current session. However, the actual eligible balance will be transferred to your account after a mining session of 24 hours completed according to the formula. For example, given your base rate is 1 Eagle per hour, you have referred 25 new miners to join your mining team, yourself and 5 of them are actively mining today, you will earn at 1 Eagle (base rate) + 0.5 = 1.5 Eagles per hour. If you have signed out before a session ends, your earning of that incomplete session will be forfeited and therefore you will see the difference between the indicator and your actual earnings.
Q7. DOES THE APP DRAIN DATA OR BATTERY?
No, the Eagle mining app does not eat up your data or battery, as the algorithm runs on cloud server. You do not need to leave the app open to mine. Eagle does not affect your phone’s performance, drain your battery, or use your network data. Once you open the app each day and activate your 24 hours mining session, you can even close the app and you will continue to mine.
Q8. WHO IS A MINER?
A user of the Eagle Network mobile app who is simply confirming that they are not a “robot” on a daily basis. This user validates their presence every day as they must open the app every 24 hours to be able to continue earning Eagle for free. A Miner can earn the base rate of 1 Eagle per hour. By logging into application every 24 hours and clicking the mining button, users are participating in the gamified experience.
Q9. WHO IS A KEEPER?
Miners of the Eagle Network achieve KEEPER status when they are actively getting new miners to join their earning team. Only new users who use your sharing code to register on the app can be on your earning team. The reward for this is a 10% Each member of your earning team provides a 10% increasement of your daily earning as long as they also activate their 24 hours mining session each day. Any day they did not activate you lose that 10% more Eagle. So make sure to actively remind them. This also have the added advantage to increase cryptocurrency awareness as more and more people are mining by opening the Eagle mining app.
Q10. IS EAGLE NETWORK LEGIT?
Eagle Network mining app is the first step into a full scale Blockchain project. We know Blockchain without people and users is pointless and useless hence the need for an initial starting point which sets the stage for real world use case of the upcoming Blockchain applications. The theory is well proven. Real-life applications are seen on assets like Bitcoin, Ethereum, Tether which people today are trading for goods, services and fiat money like US dollars. The backbone of the community of Eagle Network rides on blockchain technology. You may refer to our white paper for better understanding.
Download the android or iOS app and start mining today. Earn 25% extra by referring someone else.