EthereumX

](https://www.coinbase.com/price/ethereumx)

EthereumX is a Stellar-based asset with the goal of revolutionizing the payment industry by allowing users to use a global peer-to-peer electronic currency system. Stellar, in simple words, is a decentralized protocol based on open-source code that allows users to convert digital currency to traditional currency domestically and internationally.

EthereumX is a group of blockchain enthusiasts working to build a payment layer on the stellar blockchain. This platform aims to solve the problem that without a central authority, Ethereum and Bitcoin utilize a combination of technical gimmicks and incentives to ensure that they accurately record who owns what. The challenge is maintaining this equilibrium while increasing the number of users. The platform's solution includes implementing Stellar Lumens technology to make it simple to transport digital assets.

EthereumX is also seeking to solve problems of congestion and low transaction speed. According to the website, EthereumX transactions are fully confirmed within 5 seconds, and users' payments are transferred to their wallets. A network transaction is made up of one or more operations. Apart from this, the transaction cost on Stellar is 0.00001 XLM (platform token of Stellar).

Furthermore, the platform token of EthereumX is ETX, with a maximum total supply of 100,000,000 coins. Of this, 90,000,000 coins are part of the community token sale, and 5,000,000 coins are locked for development purposes. Also, 5,000,000 coins are assigned for bounties.

The whitepaper of EthereumX was released in November 2018. The platform has achieved a few targets like getting listed on major exchange platforms, organizing an airdrop program for ETX holders, etc.

The platform takes a snapshot of all EthereumX token holders with more than 300,000 ETX tokens at the beginning of each month. Then EGAS tokens are airdropped to the holders based on this formula: EGAS airdrop amount = Total ETX * 2.5%.