Ethereum is a cryptocurrency platform built on the core principles of peer-to-peer, decentralized, open source software and open governance. Ethereum’s protocol and infrastructure were developed by a global community of developers and supporters who collectively set out to build a better financial infrastructure for the future.
A cryptocurrency can only achieve mass adoption and market value if it has critical mass behind it. This means that enough people own the cryptocurrency in order for it to be viable, stable, and to provide the most value to users.
Ethereum has just that. Currently, there are about $17B worth of ethereum in circulation, with the total value of ethereum (the platform) at over $29B. This is a sizable sum for a cryptocurrency that only started gaining traction in the space in 2015, and it represents a 200X increase over January of this year alone.
Ethereum comes in multiple versions, with each core functionality supporting different use cases. These include:
Stakers (those who generate ether or other tokens on the platform)
- Global P2P (peer to peer) trading
- Decentralized identity
- Fraud/risk management
- Distributed prediction markets
- Secure E-commerce
- Decentralized storage
- Distributed cloud computing
- Financial applications
- DRAFT Token Recap
Draft Token is a technology driven token that will be used on a new decentralized exchange and financial platform built on Ethereum, similar to traditional stock exchanges.
DRAFT Token is the result of a crowdsale that ended September 14th, 2017.
In the crowdsale, DRAFT tokens were sold via an Initial Coin Offering (ICO), giving investors the opportunity to purchase DRAFT tokens for a small discount compared to the going rate for Ethereum (ETH).