Electra is a cryptocurrency launched in March 2017 with an innovative distribution during the POW stage, and then – after the switch to POS – a relative high staking rate of 50% annually until October 2018. After that, staking rewards were drastically cut, first to 2.5 %, then 1.25 %, and now – since January 2021, 0.63 % only.
During the fall of 2017, an active community started to support Electra, and a team to support development and promote the project was organized from community members.
While Electra rose spectatcularly in the bull-run at the turn of 2017 in to 2018, there were also setbacks – like – during the years several exchanges closed suddenly down – with Coinsmarkets and Cryptopia only the most prominent examples.
Relations between the original Founder and the Team had never been easy, and so – the majority of the Team decided in November 2020 to leave Electra and start a new project.
This caused a precipative fall in the price of Electra, and some confusion. But now, some people came together to form a new Team, to continue Electra, so that it might rise from the abyss – may be like a phoenix – may be to the moon – or even beyond…
v.2.0 wallets for Windows, Mac and Linux are credited to Electra01, Pedro, CC, Ruru, Jenova, nashsclay, ECA Ricouskim, Arctic and Master Den.
There is no actual official Mobile-wallet for Android or IOS – those had to be pulled as the former team stopped the servers needed to connect to the Blockchain
– the new Team is evaluating the situation and can provide help to get your coins unlocked if you still hold them on mobile wallets.
Electra Blockchain is launched - 20'000'000'000 ECA are mined in POW-blocks - with very different rewards - until block 11810
switch to Proof of Stake (POS) minting, with 50% annual proportional rate, with 210 blocks daily average
at block 112201 Fork to Version 1.3 - reducing blocktime and staking rewards - now 500 blocks daily average, reward 2.5 % annualy.
at block 182750, major blockchain upgrade to Electra-Core V2, with now - ca 1'333 blocks per day
existing Team takes a snap-shot of the Blockchain and announces to walk away and start a new project (XEP) - starting with an Airdrop for (many) ECA-holders.
Electra continues, but without a proper Team - some people come together to discuss a possible future
a new Team for Electra is formed
For safety reason, the Team doesn’t recommend to keep Coins on Exchanges if you’re not actively trading, but on your Electra-Desktop wallet – please pay attention that not all Exchanges use the same number of decimals for base currencies (like BTC or ETH – and that some pairs might be illiquid – so that prices that you might pay / receive might vary widely depending on Exchange / Pair / and amount that you are investing).