Thread by @Teaching_Crypto

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#0xencypt

..Let's Move on to what I'm extremely bullish on and how it ties into token price, which I strongly believe is heavily price mismatched compared to
the use case / fundamentals / what's coming that will propel price imo

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#0XEncrypt Layer 1 Privacy Chain
With its Own Built-in Swap

@EncryptionAIERC Announced And released its own Testnet of its own PoA Layer 1 Privacy Chain
Providing a secure decentralized environment for transactions and data all powered by #0xe tokens

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Mind you again, this project has been out for a little over 1 month.
To say I'm impressed by what they have already done thus far would be an understatement.

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Lets cover a bit about the features for users & developers, what does it mean for the token and finish with how all of this will relate to the value prop of #0xe

Next we will cover and look the Dev team & community and can they accomplish what they are working on.

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#0XEncrypt A.I Privacy Chain

TestNet is already released and the best part is you can't try it right now

Network Name: EncryptionAI Testnet
RPC URL: rpc.encryptionai.net
Chain ID: 94780
Symbol: 0xEncrypt
Explorer: explorer.encryptionai.net

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Faucet: faucet.encryptionai.net
#0XEncrypt

Native Swap: swap-testnet.encryptionai.net where you can swap tokens from 0xEncrypt.

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Whats the Benefits of #0XEncrypt Layer 1 Privacy Chain?

🔸Faster and Cheaper Transactions
🔸Smart Contracts
🔸NFT's
🔸Staking
🔸Gaming
Etc

#0XEncrypt Privacy Chain is optimized for Privacy & Security keeping all data safe and secure

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To Use you would bridge over #0XE Tokens from Ethereum and use #0XE tokens to make swaps & Use #0XE tokens to pay the gas fee

Best Part is Part of the Gas Fee paid in #0XE will be burnt from supply
Remind you that the current supply of #0XEncrypt is currently 961K tokens..

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Lets Dive Deeper into the Privacy chain, then cover the value props then cover Team & Community next

@EncryptionAIERC layer 1 Privacy Chain is a system that will address the Scalability and privacy limitations of earlier platforms such as Ethereum, while enabling...

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..the execution of Smartcontracts. 

The Prime Focus of Encryption AI Chain is to enhance scalability and usability without compromising decentralization.

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EncryptionAI Privacy Chain serves as an off-chain or external scaling solution for current platforms, offering superior user experience and scalability for Daps and user features.

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It also brings EVM-compatible programmability and enables native- cross-chain communication within the Encryption Chain Ecosystem.

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Developer Benefits -

Attached are key Benefits for building on #0xEncryption Privacy Chain

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Privacy and Security is a much needed requirement in this entire space, An entire Layer 1 Privacy chain with easy cross chain compatibility to use and build on from Smart Contracts, ability to leverage Encryption & AI tech, Create Nfts, Gaming, Staking etc

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with fast & cheap transactions fees seems like a no brainer on the Speculation of the potential to catch on..

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Value Props:

#0XE Total Supply is 1M Tokens, with almost 4% already burnt from the supply.
Earlier in this 🧵 I mentioned how #0XEncrypt is switching to a subscriptions based model in which All fees acquired will be broken down to be burnt from supply & used to pay holders

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as reflections / passive income.
More details should come soon on that & the breakdown

Not only that, They just dropped an Entire Privacy Chain Testnet that will use #0xe Tokens as gas and burn that from supply.

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To see a project just post products and results like this in this short amount of time is very impressive to say the least.

One of the things I always ask myself when looking at a project is,
Does this project need a token?
How does buying this token make me rich?

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If I can't simply answer that question, then I move on. A majority of projects we see today, Don't need a token or only value the token has is just hype.

#0XE imo meets the requirements I listed out.

As I can see the multiple use cases so far that will require..

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Users to need #0XE & the multiple ways #0XE will be bought and burnt from supply while also rewarding holders.

At a now 961K Total Circulating Supply and Multiple products along with an entire Privacy Layer 1 Chain, I can see the imbalance here of fundamentals

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heavily outweighing Token price at current prices.

but is the Dev Team Capable & how's the community?

Team:
Again To say I'm impressed with this dev team would be an understatement.

Not only from the perspective of Products and what they have already achieved in this..

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..short amount of time.
but by the many examples on how they operate & clear consistent communication to their community

In 33 Days they have done over 100 Eth in Buybacks & doing constant burns / rewarding some users in bonuses when they buy.

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Not only that, but they have consistently increased and locked liquidity.

They're definitely in this for the long haul imo

As well as answer questions from their community & brainstorm ideas with them on the best path forward.
Instead of building hype..

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They have shown results.
Actions will always speak louder than words

Community:

Holders have already doubled in the last 10 Days. As well as a huge rise in community members as awareness spreads of #0XEncryption.

The Community imo knows what they have.

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Next few tweets attached will cover overall summary & important links

Final Part of #0xEncrypt 🧵

⏬️⏬️⏬️

https://twitter.com/Teaching_Crypto/status/1660134344562712577?t=C3xrXKfKg8VsRVrMXLlRKQ&s=19

@threader_app unroll
@threader_app compile

Can***** use lol

Ofcourse there's a typo

Can use****