What is Eloop/ what is E-Carsharing?
ELOOP is a Viennese start-up that operates an e-car sharing service in Vienna. Find out more at www.eloop.at
Tokens are digital assets. These are mapped on the blockchain.
People describe blockchain technology in different ways, but at its core, a blockchain is a public digital ledger that records all transactions within a given network in a publicly verifiable and cryptographically secure manner. It is a decentralized database, i.e. stored on many different computers, in which all information and procedures such as transactions, agreements or contracts are documented. All this information can be viewed by any user, but cannot be subsequently changed.
The seed phrase consists of 15 randomly generated words separated by spaces. This is automatically created when you register on the ELOOP ONE dashboard. Write your seed phrase down and save it!
Why do I need my seed phrase?
The seed phrase is the key to your EOT wallet. You have to write them down, because without your seed phrase you have no access to the tokens you have purchased.
The KYC-Check is a confirmation of your person. It's a videocall, where you need your passport/ identy card. Your KYC-Check needs to be approved in order to buy EOT. You can carry out this check in the Dashboard "Account".
What does it mean to decentralize a technology platform?
Decentralizing a technology platform means distributing control of the platform among users and ensuring that no single actor has too much influence.
How can blockchain technology help solve environmental problems?
Like any technology, the blockchain can be used for different purposes. Due to its ability to record data unalterably, the blockchain has a particularly high potential for environmental protection. Currently, it is already being used to record data on the natural environment and to detect changes in ecosystems. This can, for example, enormously reduce paper consumption, but the trade also uses the blockchain. Monitoring the supply chain makes it possible to identify inferior products earlier. The extent of new production and recalls can be reduced, which has a positive effect on the greenhouse gas balance and other resources. The EOT also has a positive effect on the environment. Through the exclusive use of electric cars and the sharing economy, resources are shared and environmentally friendly mobility is promoted.
The calculation of the return-on-investment (ROI) shows, if an investment was worth while. The ratio of ROI describes the percentage ratio between the invested capital and the profit that the company was able to generate.