In 2009, the first Cryptocurrency called Bitcoin come to the World and people don’t take it seriously at that time. People thought Bitcoin was another form of Scam. But the few people who believe in it put their hope on it and they mine Bitcoin easily on their Computers.
By the early age of Bitcoin, anyone can just mine upto 50BTC (Bitcoin) in a day.
When Bitcoin was later launched, it has no value, this makes some people to lost interest in keeping their Bitcoin wallet address safely while some people forget their password.
Later in 2010, 10000 Bitcoin was offer to people for just $10 but no one buy it.
Later, in 2011, there was a man who used 10000btc to buy 2 pizza at Papa John’s pizza restaurant.
Some Months to it, 10000 Bitcoin that was being offered to people for $10, only 1bitcoin now worth $1000. To cut the story short, now as at the time of this writing 1Bitcoin that worth $0 (zero dollar) is now worth $50000.
No one can ever mine 50 BTC in a day again because of the high rate of energy is now using today.
How I wish I take my Bitcoin mining serious then…..
What happened to Bitcoin that time is happening again with another Cryptocurrency that is being mine on phone. The mobile based Cryptocurrency is called Eagle Network Cryptocurrency.
If you are among the group of people that missed Bitcoin then.
Don’t be among the group of people that will missed this Golden opportunity with Eagle Network.
Eagle Network is a complementary digital currency that has been developed to allow anyone, regardless of technical ability, easy access to new Eagle digital currency. Within a few minutes of installing the mobile app any user can see Eagle being added to their wallet via the unique mobile mining experience.
Nearly all cryptocurrencies are “mined” with specialist equipment, but Eagle can be obtained via the mobile mining experience on the app by checking in every 24 hours.
A cryptocurrency, crypto currency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.
When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralised control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. More on Wikipedia
Eagle Network Invitation code: Aschoolz
Eagle Network Role
There are four different roles in the Eagle Network App
Eagle Network 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 2 Eagle per hour, which cut down to 1, 0.25, 0.20, 0.15, 0.10 and 0 according to the growth of user base.
By logging into application every 24 hours and clicking the mining button, users are participating in the gamified experience.
Unlike mining companies, you do not need a vast amount of energy to mine Eagle on your Smartphone, as you will automatically earn hourly mining rate after clicking the mining button.
Each mining session will automatically end after 24 hours, and all you have to do is open the application and click the mining button again to keep earning.
Eagle Network Keeper
A user of the Eagle mobile app is that miner who is actively introducing other users into Eagle network. The value of Eagle increases as the community grows larger.
This will be very crucial on later updates of the app where members conduct transactions of goods and services with earned Eagle. A keeper can refer new miners to join their earning team.
For each active member in your team, you will earn an extra 25% base rate as your recommendation bonus. If you have 10 members in your earning team and all of them are actively mining, you will earn an extra 10 x 25% = 250% Eagles of your base rate.
Therefore, the key to earning more Eagle is to invite more new miners to join your mining team and remind them to login daily for mining activation.
Eagle Network Witness
A user of the Eagle Network mobile app who is contributing by providing a list of miners he/she knows and trusts. In aggregate, Eagle witness will build a global trust graph.
A Witness will add verified users in their earning team to his security circle. When Eagle Network has entered Phase 3, there will be a KYC (Know Your Customer) process; all members within your security circle should pass the KYC process before you can trade Eagle with other users’ goods & service via Eagle Marketplace.
Hence, a Witness shall only verify pending members they know in person and have enough trust to corroborate their authenticity to prevent any unethical or fraudulent activities on the network.
Witness can earn extra 0.2 Eagle x number of verified people per hour to their base mining rate. If a Witness believes that any members in their network are no longer trustworthy, they can delist the suspected member by clicking the “delist” button.
Eagle Network Delegate
Delegates are high level miners of the Eagle Network mobile app, and is also running the Eagle node software on their desktop or laptop computer.
The delegate role will be active from phase three when the Eagle Blockchain mainnet will be launched. There will be only 210 Eagle Network Delegates to ever exist securing the Eagle Blockchain nodes.
The Eagle node software is the software that runs the core algorithm, taking into account the trust graph information provided by the Witness.
How to Create Eagle Network Account
To sign up for Eagle Network Account, there are some few simple steps you will need to follow in other to create a successful Eagle Network Account.
You will see a page that looks exactly like this below
You will see two options Google Play and App Store
2. Android users should choose Google Play while IOS users should choose Apple Store
3. Register your username with your phone number or with your Facebook account
Then you will be required to provide a referral code of who referred you.
4. Please, use Aschoolz as your referral code
aschoolz is wrong X
Aschoolz is Correct ✓
Congratulations you have successfully create your Eagle Network Account.
How to mine Eagle Network Coin
Now, you have open an Eagle Network Account, the next step is how to mine Eagle Coin.
To mine Eagle Coin, is very easy and simple and you don’t need to open the App all day’s and you don’t need to ON your phone Data Network all day too to mine Eagle Coin.
When you first create the account, the mining session will start automatically and it will mine Eagle Coin for you for 24hrs. And after 24hours, your mining session will stop and the App will show you the button to click to start your 24hours mining again.
At the start of Eagle mining experience for members the mining of Eagle is designed in such a way that the initial users earn more Eagle than members coming later.
This is the standard set by the first cryptocurrency Bitcoin. The mining of Eagle will start with 2 Eagle per hour, and each mining session lasts for 24 hours.
This means Eaglets gets to min 48 Eagle each day they open the mobile app and click to activate mining process. Active miners who also share the mining experience with others like minds get to earn much more.
See below to understand further:-
0 – 50,000, Miners earn 2 Eagle per hour = 48 Eagle a day
50,001 – 100,000, Miners earn 1 Eagle per hour = 24 Eagle a day
100,001– 1 Million, Miners earn 0.5 Eagle per hour = 12 Eagle a day
1m – 10m, Miners earn 0.25 Eagle per hour = 6 Eagle a day
10m – 100m, Miners earn 0.2 Eagle per hour = 4.8 Eagle a day
100m – 500m, Miners earn 0.15 Eagle per hour = 3.6 Eagle a day
500m – 1b, Miners earn 0.1 Eagle per hour = 2.4 Eagle a day
Eagle Network Mining Upgrades
Miners can upgrade their base mining rates from the mobile app
1. Nest – 2 Eagle per hour – Free for a year
2. Eaglet – 3 Eagle per hour – $0.99 per year
3. Eagle – 7 Eagle per hour – $1.99 per year
4. Golden Eagle – 12 Eagle per hour – $2.99 for a year
This is to enable miners of the Eagle Network get the gamified user experience and earn more Eagle without taking on any active role. Funds generated would be used to secure and grow the network even more so, and attain phase 3 much sooner.
Eagle Network Invitation code: Aschoolz
Eagle Network FAQ
The below are some frequently asked questions about Eagle Network.
WHAT IS EAGLE NETWORK AND EAGLE?
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, Keeper, Witness, and Delegates 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 to exchange goods, service and in real life with their Eagle balance and eventually list Eagle on major cryptocurrency exchanges for trading Eagle with fiat money.
CAN I WITHDRAW MY EAGLE COIN NOW? WHAT IS THE TIMELINE FOR WITHDRAWALS?
No, you cannot withdraw Eagle yet in Phase 1. Eagle will be able to be transferred from phase 2. The final stage (Phase 3) of Eagle Network’s roadmap is the launching of the Eagle Blockchain and listing of Eagle Network on major cryptocurrency exchanges to allow players to utilize the Eagles earned from Eagle Network to trade and sell which is targeted in Q4 2022, depending on user growth and the community dynamics. 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.
WHAT IS THE GROWTH POTENTIAL IN EAGLE’S NETWORK 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.
WHAT DOES IT COST TO EARN EAGLE COIN? 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.
WHY IS THE EAGLE NETWORK MINING RATE REDUCED?
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. According to our project roadmap, there will be a total of 7 rate halving in the entire project roadmap. The 1st rate halving (-> 1 Eagle / Hour) will be active as soon as miners reach 50,000 in number. The 2nd, 3rd and all the way to 7th rate halving happen when the entire Eagle population has grown to 100 thousand (-> 1 Eagle / Hour), 1 million (-> 0.5 Eagle / Hour), 10 million (-> 0.25 Eagle / Hour) 100 million (-> 0.20 Eagle / Hour), 500 million (-> 0.15 Eagle / Hour), 1 billion (-> 0.1 Eagle / Hour) and eventually there will be 0 new supply of Eagle when the user base is 1 billion worldwide. While it might feel not very comfortable when you realize the rate of earning is not as fast as the old time, it is an extremely important measure to create and grow the value of Eagle by rate halving.
WHAT IS THE TOTAL SUPPLY OF EAGLE NETWORK?
The Eagle Network economic model is built upon the following principle. i) New supply of Eagle becomes 0 when the total user base has grown to 1 billion worldwide. ii) ii) Earlier joiner should be rewarded better than late joiners. iii) iii) Users with more contribution to the community should be rewarded better. iv) Contribution made by Eagle Network‘s core development team should be recognized and rewarded. iv) v) Total supply of Eagle is dependent on number of users. The total supply of Eagle = M + K + W + E when Eagle Network ceases supply when it hits the 1-billion-user mark. M, K and W refers to the total Eagle earned by all miners, keepers and witness before supply ceases. E refers to Eagle rewarded to Eagle Network’s core development team, which is 25% of (M + K + W). Hence, the actual amount of total supply of Eagle is dependent on the total users activity before Eagle Network hits the 1-billion-user mark.
WHY IS THERE A DIFFERENCE IN EAGLE NETWORK 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 2 Eagle per hour, you have referred 25 new miners to join your mining team, yourself and 10 of them are actively mining today, you will earn at 2 (base rate) + 0.5 x 10 x 25% (inviter rewards) = 7 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.
DOES THE EAGLE NETWORK 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.
WHAT IS THE UPGRADE IN THE EAGLE NETWORK MEAN?
The upgrade within the Eagle Network is a gamification functionality by which members of the Eagle Network can increase their mining rate for a year. This boost the earned Eagle in a short time and by so doing members are supporting the further growth into the next phase. Note that upgrades are not compulsory at all.
IS EAGLE NETWORK LEGIT OR SCAM?
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, Etherum, 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.
Eagle Network Invitation code: Aschoolz
Eagle Network Alternatives
1. Pi Network mobile based Cryptocurrency mining App
OMINI ABIODUN MICHAEL [a.k.a] BANKEY MILL (BM) is a blogger and the CEO of Aschoolz.com. We Share Education School News of Universities, Polytechnics, Colleges for both Nigeria Schools, Ghana Schools and American Etc like JAMB, Waec, Scholarship, Job opportunity, Learning, Story books and Blog etc