Ethos explained – making cryptocurrency accessible

Ethos is a platform designed to spread the use of cryptocurrencies to the masses. In short, it wants to create a people-powered new economy service that makes the cryptocurrency market accessible and trustworthy to the average user, accelerating adoption of blockchain technology and democratizing ownership of both traditional and digital assets. Ethos was previously known as Bitquence and is now just a rebrand of the name. Ethos with ticker BQX on Binance Exchange.

Key Features and Advantages of Ethos

Universal wallet – An intuitive, self-custodied universal wallet that allows you to safely store, manage, leverage and further monetize your crypto assets in one place while maintaining complete control of your private keys.

Secure key management – State of the art digital security and cold storage ensures that your assets are safe and under your control.

Liquidity network – Deposit, withdraw, send or exchange any of your assets instantly with maximum liquidity on the ETHOS Liquidity Network.

Mobile support – Manage and monitor your coins on the move. Mobile support is a priority for Ethos so that consumers can have access to their coins wherever they go. ETHOS will be free to send to any phone number, email or Ethos ID.

One-click diversification – Instantly diversify your holdings into several different currencies, diversifying risk and enabling customized exposure to the cryptocurrency market. Set the splits yourself or use pre-set baskets for idea generation.

Social trust ecosystem – Leverage the power of the crowd and invest smarter with rich community consensus features, ratings and reviews. Get rewarded for sharing valuable insights with others through Ethos Social.

The Ethos Platform

To achieve this, the Ethos platform will provide a powerful single point of interaction with the new economy while also building a dynamic bridge to the old economy.

The Ethos platform has three main components:

Ethos Universal Wallet – The Ethos Universal Wallet is a wallet management system that allows users to quickly and easily interact with their coins, while tracking and monitoring diverse assets. The Universal Wallet will allow users to view, send and receive balances of any supported cryptocurrency. It will also link seamlessly to the fiat and diversification layer.

Comparing the Ethos Wallet to other choices out there

Fiat and Diversification Layer – Users will be able to go seamlessly from depositing funds to diversifying across preset or custom baskets using the fiat and diversification layer. This system includes a unique legal structure with a fiat/diversification system whose capabilities are amplified by the Ethos liquidity network tokens.

Social Investment Network – The Ethos platform seeks to connect novices and experts and reward those who help to educate others. The platform will be a fun and friendly place to learn and begin interacting with cryptocurrencies.

The Ethos Token (ETHOS)

The Ethos Token (ETHOS) is essential to the function of the Ethos platform.

  • ETHOS will be the payment mechanism for accessing and using services on the Ethos platform
  • Pay for transaction fees and API calls
  • Enable liquidity to help with changes in user asset allocations
  • Fuel a dynamic rewards and reputation system
  • Enable users to transact with each other

ETHOS is currently trading on Binance.

Resources:

Ethos website https://www.ethos.io/

Whitepaper http://www.ethos.io/Ethos_Whitepaper.pdf

Blog https://www.ethos.io/blog/

FAQ https://www.ethos.io/faq/

6 comments

  1. Its hard to find out more about this universal wallet, will it be like an app from the appstore that we install and get the 12 words on the first screen ? cuz if so, thats not 100% safe.

    1. It’s not hard at all. Join their Telegram and ask questions. They are the most transparent group out there. With that said, the Universal wallet will be managed via the app, but you will possess the private key. Additionally their app will be integrated with Trevor and nano functionality. Imagine a CoinBase with Direct fiat access to many cryptos and integration with your hardware wallet.

  2. Ethos talks about a “social network” where a beginner can learn from an expert investor. I do not see a link to that type of forum, nor do I see any information pointing the beginner in which direction to go in order to find the invisible Ethos “social network.”

    I hope Ethos is not referring to a 3rd party network like Twitter because the notorious Twitter shadowban is a big problem, Twitter shadowbans a multitude of users on a regular basis for reasons that are vague and unspecified.

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