Ethereum Powered Blockchain Ecosystem
The key purpose of Empyrean Source is to empower individuals to realize and actualize their highest potential. This is accomplished by supplying users and members with advanced tools and infrastructure that provide agency and efficiency of resources to build a reality that transcends the imagination. Any sophisticated technology is only a system of operations that understand, harness, and coordinate the application of the forces of nature. Technology of this kind maximizes the potential outcomes possible for human endeavors.
Any potential energy has the possibility of being put to positive or negative net use. At Empyrean Source Industries we believe that in order for advanced technology to represent a positive net use in the course of history for our species and the planet, it must be a solution that symbolizes and integrates the most important facets and forces of Nature as well as harmonizes with that ecosystem in a manner that is sustainable, restorative, and promotes the balance between a natural and created environment. All technologies, like the best ideas, must be a balance between utility and the betterment of humankind. The emphasis must be on efficiency while the ultimate priority is to protect our species from taking itself down a road that will lead to its degeneration and the destruction of the planet as well as that of the spirit within us.
With this ethos in mind, Empyrean Source Industries is in development of Empyrean Source in order to be a part of the solution for tomorrow while remaining rooted in fundamental wisdom that has carried our species through the ages. As our people have roamed the planet we have formed social communities and organized associations for business, recreation, and security. Within each of these connections, it is human nature to create symbolic reference points that act as a substrate, or language database, for self-realization and recognition of that which is known in common to their fellows. This substrate is communicable and is the basis for what we call culture.
The development of every culture is relative to the experience, knowledge, and language capability to describe said phenomena in a manner that can be deciphered only by those with a certain amount of shared understanding. As history proceeds, we see that as larger and larger groups of humans associate with cultures of varying scale and scope, there is a fundamental conflict that occurs. Because culture is easily blended between utility and chosen value, this conflict can be of deadly effect. It is important that a balance is maintained between freedom of chosen value and sacrifice for utility. If freedom of chosen value is exercised to an extreme degree, degeneration of systems will occur and retrogradation of society will ensue. If sacrifice for utility is exercised to an extreme degree, tyranny through a perceived attempt at perfection will suffocate the lives and minds of the people.
At this crucial turning point in history, Empyrean Source holds the balance in one hand and the creator’s tool in the other. We must create technologies that unite and empower individuals to actualize sustainable and valuable goals with respect to the safeguards of the Natural Order. Let the revival of choice, the recreation of culture, and the reformation of community begin.
Empyrean Source (ES) is a Web 3.0 application that is perpetually evolving to develop Mixed Reality Interfacing, DApps & DeFi. It is an open-source, open-innovation development project, bringing Blockchain platforms and Mixed Reality technology closer together, which is a step into next-gen decentralized ecosystems and cross-chain token transfers. Blockchain technology signifies an advancement in communication and database technology, leaving behind the need for centralized mass storage of data in favor of decentralized encrypted developer nodes that independently and cooperatively maintain the ES Blockchain Protocol.
Users of the Empyrean Source will discover a virtual world engineered to combine real world technologies and hardware that form a seamless process through which individuals can accomplish complex, interconnected interactions. Empyrean Source will allow users to conduct secure and verified transactions, perform direct encrypted communications between users, develop Web 3.0 technologies, deploy those technologies in an integrated capacity for business or recreation, participate in the growth and governance of the chain, and directly access and unite with like minded individuals. All of this is possible utilizing blockchain technology to secure a safe and trusted technology that acts as a guide and tool for humanity as we traverse the digital landscape of the future.
All facets of ES will be accessible through Blockchain bridges & application viewers. ES can be viewed in real time in a 3D Virtually Simulated Format called Empyrean Land. Collections of virtual worlds is commonly referred to as a “Metaverse”. In this three dimensional Metaverse, virtual real estate can be possessed, utilized, and fully customized, all while being powered by the exchange of an Ethereum powered ERC20 native token named Empyrean Source Token ($ESI), the main crypto asset and governance token purchased directly through the Gaian Road Exchange or through supported exchanges. Empyrean Source Token is attained by: staking $ESI token, joining Empyrean Source Industries (ESI) as an Operator or as an Early Backer, or maintaining the Empyrean Source Blockchain by running the ES Virtual Machine.
The DAO consists of two entities: the Corporation and the Security Board. These two entities fulfill major functions within the DAO for the Blockchain Ecosystem. The ESI Corporation is the legal structure of Empyrean Source and contains the Corporate Board and Corporate Employees. The corporation is solely run by the Board which consists of 5 seats, two of which are reserved and filled by the creators, and the other 3 are initially appointed by the founders after which all seats will be filled by election of the board. Corporate Employees consist of Operators who work directly with ESI corporation to develop the Empyrean Source.
The five positions on the Board are: CEO, CFO, Operations Manager, Community Manager, and Secretary. A seat shall be reserved for the Security Board Liaison which is an honorary seat and does not have decision making power, or vote on the actions of the Corporate Board. The Liaison is there to represent the Security Board to deliver a State of the Source Report or an Ambassador Advisory panel to seek a resolution of concern.
The Security Board acts as a decentralized function within ESI to protect the integrity of $ESI to defend against points of failure in the Protocol. Security Board members are tasked with regulating all crypto assets by determining swap and exchange rates, and generating the supply of governance tokens. This is done by exchanging wallet address keys on a smart contract which allow for the minting of $ESI.
Security Board members also act as a liaison between the Ambassadors and the overall community to the Corporate Board. If the Ambassadors of the DAO have an issue or concern relevant to the activities of the Corporate Board or the Blockchain Protocol, the body of Ambassadors can elect an Advisory Panel that will approach the Security Board. The Board shall then appoint a Liaison Officer to represent the Ambassador Advisory Panel before the Corporate Board.
3. Overview of Blockchain Technology
In recent months, blockchain technology has dominated the news. In fact, according to the latest surveys, blockchain is one of the most complex emerging technologies out there today. While it is still a relatively new technology, blockchain is one that could dramatically shape the way businesses, and marketers work in the not-so-distant future.
The blockchain was first defined in the source code for Bitcoin and is the underlying foundation for all cryptocurrency transactions. Bitcoin was invented in October 2008, when Satoshi Nakamoto published a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. The code for blockchain was released as open source in January 2009.
Over the last decade, blockchain, the technology that runs Bitcoin, has developed into one of today’s most significant, ground-breaking technologies with the potential to have a tremendous impact on every industry from financial to educational, to manufacturing. Currently, Bitcoin is just one of the several hundred applications that utilize blockchain technology. It has been an impressive decade of transformation for the technology with no signs of it slowing down in the next ten years.
What is Blockchain?
The blockchain is merely a digital method of economic transaction record-keeping, or in layman’s terms, it’s a digital ledger. The thing that differentiates it from any other digital record-keeping system is its security. While the data recorded in blockchain can be viewed openly by everyone within a given network, no one is able to edit or delete existing records.
You can think of it as a giant, shared public spreadsheet that can only be updated by solving a complex math problem. If a new file needs to be added to the blockchain, a complex mathematical problem must be resolved. To solve the encryption, computing power is used where a machine uses its capabilities to mine for the answer to the problem. If this concept sounds familiar, it might be due to the fact that you’ve heard the term “mining” before in a similar context. Once the computer has discovered an answer to the encrypted problem, the solution is then verified by everyone on the network. If the answer is right, the new block, with all the transaction details and other new information is added to the ledger; a receipt is generated as proof, which is often in the form of a token or coin.
While there are various elements of blockchain technology that make it rather important, its two key capabilities are the recording of digital asset transfers that proves transactions took place and that ownership exists, and the inability to tamper with or overwrite its ledger. Since the blockchain ledger is distributed to everyone within the network, even if one person manages to falsify a block, the technology keeps several copies of the correct version. This means that the technology can reject a false input like this because it recognizes that it doesn’t match the other records in existence.
This is what makes blockchain technology so unique. While it is entirely transparent, it is also kept altogether secure. What’s more, the public distribution of blockchain lends itself to the decentralization of the digital ledger. This means that there’s not a core database that is vulnerable to attacks, which contributes to the technology’s somewhat tamper-proof nature.
How Does Blockchain Work?
Instead of having a primary administrator like a traditional database, a digital ledger has a network of replicated databases that are synchronized through the Internet and visible to anyone on the system. Blockchain networks can be public, like the Internet, where everyone in the world has access to it, or they can be private, where there is a restricted membership that is similar to an Intranet. When a digital transaction is completed, it is grouped together with other transactions that have occurred within the last ten minutes. They are grouped into a cryptographically protected block that is then sent out to the entire network.
Miners are members of the system with high levels of computing power that compete to validate the transactions in the block by solving complex coded problems. The first miner to correctly answer the challenge and confirm the block receives a reward, usually in the form of a coin or token. After the block of transactions is validated, it is time stamped and added to the chain in linear, chronological order. New blocks that have been confirmed are then linked to the older blocks, forming a chain of blocks that show every recorded transaction made in the history of that particular blockchain.
The entire chain is updated constantly so that all of the ledgers in the network are the same, giving each member of the blockchain network the ability to prove who owns what at any given time. The decentralized, open, and cryptographic nature of blockchains allow members of the network to trust each other and make peer-to-peer transactions, effectively eliminating intermediaries. It also brings with it unprecedented security benefits.
Is Blockchain Technology Secure?
Through the use of hash functions and timestamps, blockchain has made it so that the data in the chain cannot be changed or tampered with once it has been verified. Since you can’t overwrite the data in a blockchain, manipulating the data is impractical, ultimately securing the data and eliminating the centralized points that hackers and cybercriminals often target.
The key to blockchain’s security is that any changes that are made to the database are immediately sent to all of the users to create a secure and established record. All the users on the network receive a copy of the data keeping the overall database safe and secure, even if a handful of network users are hacked. By storing data and financial information across a network of computers, it becomes much more difficult for hackers to compromise data. Rather than having to breach a single server, making a fraudulent transaction or falsifying a balance on a blockchain can only be accomplished if the majority of the network is compromised. Hacking into a single server is extremely difficult, even for the most accomplished cybercriminals.
Being able to compromise more than half of the servers to falsify records on the blockchain is practically impossible because for hackers to successfully change information in the blockchain, they would need to breach each node in the chain simultaneously. The decentralized and tamper-proof nature has made blockchain technology increasingly popular beyond its original intended function as a way to support digital bitcoin transactions and is starting to pique the interest of numerous industries that could utilize blockchain technology for their advantage.
What Are Some Other Applications for Blockchain?
There are several other applications for blockchain technology that don’t involve recording bitcoin transactions. According to Sally Davies, a reporter for the Financial Times, “Blockchain is to bitcoin, what the Internet is to email. A big electronic system, on top of which you can build applications. Currency is just one.” Bitcoin is only one small application supported by blockchain. Blockchain technology is full of endless possibilities.
Payments and Cryptocurrencies
The most popular blockchain application is cryptocurrency because along with being the first application, it also has the most extensive network of users. In fact, Bitcoin has become so popular that restaurants, stores, and bars are starting to accept it as payment. It has also been used to cope with hyperinflation in Venezuela. The smart contract that is built into Ethereum’s cryptocurrency allow for a variety of deals to occur automatically once pre-negotiated terms have been met.
The blockchain, as well as cryptocurrencies, will have a tremendous impact on business. The reduction or removal of transaction fees, faster verification times, and the elimination of errors will make international and domestic trade easier than ever.
Blockchain will dramatically change how startups and businesses raise capital. Kickstarter, one of the most popular fundraising sites allows just about anyone to find financial backing from a broad audience rather than through traditional means like venture capital funds and banks. They charge a five percent fee for using the service. With blockchain, these fees will be eliminated since the network allows for immediate verification and smart contracts allow transactions to be completed only when a project is fully funded.
Property and Identity
Blockchain technology will become a digital fail-safe for all the essential documents that you need during your life, like birth records, marriage and death certificates, and proof of citizenship. In addition, blockchain can also be an extremely safe and secure identity management system. Being able to verify your identity accurately is essential for all online transactions, but the data can be vulnerable to attacks. The decentralized ledger of blockchain and the unique user address will make it more difficult for hackers to obtain access to your sensitive data.
Thanks to blockchain and smart contracts, retailers are starting to use blockchain technology to help simplify their supply chain process. All parties in the supply chain can access the necessary documents on the blockchain and view transportation events in real time. Since no individual can alter the blockchain without permission from the others, the supply chain information is secure and accurate. The transparency of blockchain will reduce shipment times, fraud, money, and errors.
Blockchain technology will allow patients, physicians, and insurers to view and update medical records in a timely and secure manner. Physicians will also be able to recognize early indicators of disease or weakening health thanks to blockchain technology. Along with saving lives, blockchain will also be able to reduce Medicare fraud and even make it possible to pay for procedures based not on predetermined fees, but on outcomes instead.
Blockchain Introduction Summary
Blockchain technology will undoubtedly change consumer behavior regarding ownership and security. With the implementation of blockchain technology, consumers will feel much safer having a business own and manage their sensitive information. More businesses will undergo pressure to shift ownership back to the customer. As with any new technology or culture device, resisting that change and failure to implement will make old systems obsolete.
As blockchain technology is still in its development, it will take many years before it becomes mainstream. However, it is essential to keep an eye on this emerging technology as more and more companies begin to develop more blockchain applications. Growth in Blockchain Technology is exploding. The worldwide blockchain technology market size was valued at USD 3.67 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 82.4% from 2021 to 2028 according to a published report by Grand View Research (https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market). While many believe that Bitcoin technology is just another fad that will disappear down the road, its offspring blockchains will, in fact, change the world as we know it.
4. Ethereum Blockchain
“The foundation for our digital future.”
Ethereum is a decentralized blockchain platform for digital contracts. So this includes an open peer-to-peer network using the blockchain technology. While Bitcoin can transfer money, Ethereum has way more use cases. It provides an infrastructure to operate decentralized applications and therefore allows us to create all types of Apps. The reason this platform sets itself apart from Bitcoin and other cryptocurrencies is Ethereum’s smart contracts. These are programs that someone wrote directly on the blockchain. As a result, you can manage information and perform specific functions.
The Ethereum technology uses blockchain development to replace the storage of consumer data, including financial records, by third-party Internet companies. A blockchain is a unique type of database; in a blockchain, data is stored in blocks that are chained together in chronological order. The Ethereum model aims to create a situation where the personal data of consumers is less vulnerable to hacking because no one company is storing it.
Like other cryptocurrencies, ether is a medium of exchange. However, unlike other cryptocurrencies, ether tokens can only be used for one specific purpose: to facilitate the computation of decentralized applications on the Ethereum network. Users may exchange other cryptocurrencies for ether tokens, but ether tokens cannot be substituted with other cryptocurrencies to provide computing power for Ethereum transactions.
The Ethereum network supports building and running digital, decentralized applications—called dapps—for community, business, and personal use. The computational resources required to execute these operations are tracked and paid for with ether tokens(ETH). A developer who builds Ethereum applications may need to pay charges to host and execute the applications on the Ethereum network, and a user who uses such applications may need to pay for using the application. Ether acts as a medium to allow for such payments.
A developer who builds an application that uses minimal network resources will pay fewer ether tokens compared to a developer who builds high-resource applications. Just as an inefficient engine requires more fuel—and an efficient engine consumes less fuel—data-hungry applications require more ether to process transactions. The more computation power and time is needed by an application, the higher the ether fee that is charged for the action to be completed.
A smart contract is a collection of computer code between two or more parties. This code is basically just a set of some if-clauses. Smart Contracts run on the top of a blockchain and consist of a set of rules. Both parties need to agree with these rules before you set up the smart contract. Because it runs on the blockchain, nobody can change it after you wrote the digital contract. When both parties fulfill these predefined rules, the smart contract executes itself to produce the output. The smart contract is executed by nodes on the blockchain network. So, all nodes that execute the smart contract must derive the same results from the execution.
The results of the execution are recorded. As a result, everybody can look them up. This piece of code allows us decentralized automation by facilitating, verifying, and enforcing the conditions of an underlying agreement. Smart contracts allow you to exchange anything of value. This could be money, information, shares, property and more. And because it runs on the blockchain, we don’t need third parties and can create transparency between contract partners.
What is Ether (ETH) and Tokens?
Ether is the cryptocurrency on Ethereum. Ether is the transactional token that facilitates operations on the entire network ecosystem. All of the programs and services linked with the Ethereum network require computing power (and that computing power is not free). Ether is a form of payment for network participants to execute their requested operations on the network. Metaphorically speaking, Ether (ETH), is more accurate to refer to it as the “fuel” or “gas” of the network. Ether tracks and facilitates all transactions in the network. This process is notably different from the workings of a standard cryptocurrency.
Ethereum users can create new kinds of assets and trade them on Ethereum. These are known as ‘tokens’. People have tokenised traditional currencies, their real estate, their art, and even themselves. Ethereum is home to thousands of tokens – some more useful and valuable than others. Developers are constantly building new tokens that unlock new possibilities and open new markets. There are various types of digital token assets.
Non-fungible tokens (NFT)
NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties. Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. Digital artists are seeing their lives change thanks to huge sales to a new crypto-audience. And celebrities are joining in as they spot a new opportunity to connect with fans. But digital art is only one way to use NFTs. Really they can be used as tokens to represent ownership of any unique asset or item, like a deed for an item in the digital or physical realm. They let us tokenize things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.
NFTs and Ethereum solve some of the problems that exist in the internet today. As everything becomes more digital, there’s a need to replicate the properties of physical items like scarcity, uniqueness, and proof of ownership. Not to mention that digital items often only work in the context of their product. For example you can’t re-sell an iTunes mp3 you’ve purchased, or you can’t exchange one company’s loyalty points for another platform’s credit even if there’s a market for it.
Decentralized finance (DeFi)
DeFi is an open and global financial system built for the internet age – an alternative to a system that’s opaque, tightly controlled, and held together by decades-old infrastructure and processes. It gives you control and visibility over your money. It gives you exposure to global markets and alternatives to your local currency or banking options. DeFi is a collective term for financial products and services that are accessible to anyone who can use Ethereum – anyone with an internet connection. With DeFi, the markets are always open and there are no centralized authorities who can block payments or deny you access to anything. Services that were previously slow and at risk of human error are automatic and safer now that they’re handled by code that anyone can inspect and scrutinize. Anyone can program logic into payments. So you can get the control and security of Bitcoin mixed with the services provided by financial institutions. This lets you do things with cryptocurrencies that you can’t do with Bitcoin like lending and borrowing, scheduling payments, investing in index funds and more.
Decentralized autonomous organizations (DAO’s)
DAOs are an effective and safe way to work with like-minded folks around the globe. Think of them like an internet-native business that’s collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organisation has a voice.
The backbone of a DAO is its smart contract. The contract defines the rules of the organization and holds the group’s treasury. Once the contract is live on Ethereum, no one can change the rules except by a vote. If anyone tries to do something that’s not covered by the rules and logic in the code, it will fail. And because the treasury is defined by the smart contract too that means no one can spend the money without the group’s approval either. This means that DAOs don’t need a central authority. Instead the group makes decisions collectively and payments are authorized automatically when votes pass. This is possible because smart contracts are tamper-proof once they go live on Ethereum. You can’t just edit the code (the DAOs rules) without people noticing because everything is public.
Why do we need DAOs?
Starting an organisation with someone that involves funding and money requires a lot of trust in the people you’re working with. But it’s hard to trust someone you’ve only ever interacted with on the internet. With DAOs you don’t need to trust anyone else in the group, just the DAO’s code, which is 100% transparent and verifiable by anyone. This opens up so many new opportunities for global collaboration and coordination.
To help this make more sense, here’s a few examples of how you could use a DAO:
- A charity – you can accept membership and donations from anyone in the world and the group can decide how they spend donations.
- A freelancer network – you could create a network of contractors who pool their funds for office spaces and software subscriptions.
- Ventures and grants – you could create a venture fund that pools investment capital and votes on ventures to back. Repaid money could later be redistributed amongst DAO-members.
Ethereum is the perfect foundation for DAOs for a number of reasons:
- Ethereum’s own consensus is distributed and established enough for organizations to trust the network.
- Smart contract code can’t be modified once live, even by its owners. This allows the DAO to run by the rules it was programmed with.
- Smart contracts can send/receive funds. Without this you’d need a trusted intermediary to manage group funds.
- The Ethereum community has proven to be more collaborative than competitive, allowing for best practices and support systems to emerge quickly.
5. Mission Statement
Empyrean Source Industries is an Ethereum powered Decentralized Autonomous Organization that seeks to deliver quality web services, market representation and social portfolio management, brand consulting, as well as a number of developmental services that will take users and clients on a journey into the future of virtual interconnectivity and business solutions. We do this by engaging in customer projects as a service provider and also by building our own in-house products with blockchain technology.
ESI has chosen a play friendly philosophy in actualizing its goals. We engage in and support partnerships of individuals and organizations in order to share ventures, maximize potential, broaden the scope of innovative atmospheres for the development of the human race during the Decentralization Phenomena. This phenomena is defined by the emerging decentralization of cultural evolution, political decision making, economic transaction, and technological development which is for the common good and is the next evolutionary step in the modern technocratic society.
At the global scale, late stage economic endeavors that emerged from agendas of the past force individuals to vie for resources while slowly trickling financial and economic decision making power into the hands of the few. With environmental crises on the rise, new and innovative solutions and cultural norms are beginning preparations for the day when human interaction will revolve around one to one communications and verified decision making tools. In an effort to support the U.N. Sustainable Development Goals, ESI seeks to make the most of virtual and digital tools to expand the possibility of human experience and productivity while conserving resources critical to the future of the planet and the human race.
Blockchain technology has continually proven to be a more efficient and resource conserving platform in the race to fully sustainable and secure infrastructure. Utilizing Blockchain technology, ESI will fulfill its commitment to full transparency at an organizational and individual level. Due to the nature of encrypted chains and decentralized ledgers, all Empyrean Source users and clients will be able to trust and verify that ESI and its affiliates play by the rules and uphold its commitments to organizational integrity. At ESI, we believe that all services rendered to clients and consumers should be for the common good and betterment of humanity. This ethos puts human value, prosperity, and wellbeing at the forefront of the focus of our operations and profit last. In an age where technological advancement is accelerating at an exponential rate and access to information is unrivaled, human beings are waking up to the ethical and moral obligations we all must share in order to peacefully coexist in a manner that is dedicated to the fundamental prosperity and equitable treatment of all individuals. This awakening has caused a great dilemma when pertaining to capitalist markets where profits are the bottom line. ESI, along with other like minded organizations, seek to represent a step in forward-thinking by focusing on the fact that good products should make sense and should be for the best of those who use them. From the realm of ideas to organizations in a free market, the best wins out in time. It is time to combine the best products with ethical outcomes in order to convince the human race that it is in their best interest to do so as well.
6. Empyrean Source Blockchain Ecosystem
Empyrean Source is a Web 3.0 application that is perpetually evolving to develop Mixed Reality Interfacing, DApps & DeFi. It is an open-source, open-innovation development project, bringing Blockchain platforms and Mixed Reality technology closer together, which is a step into next-gen decentralized ecosystems and cross-chain token transfers. Blockchain technology signifies a step forward in communication and database technology, leaving behind the need for centralized mass storage of data in favor of decentralized encrypted developer nodes that independently and cooperatively maintain the Empyrean Source Blockchain Protocol.
These developer nodes are hosted by users to create channels of the network chain, promote high activity centers of interaction, and to maintain the infrastructure of Empyrean Source. This organizational structure ensures the longevity of the Protocol and all connected networks even if developer or DAO nodes are shut down or removed from the chain. Each node will run the latest version of Empyrean Source Virtual Machine and earn $ESI token through Henosis. Henosis is the act of unity engaged in when exchanging between users, maintaining the Protocol through node activity, developing Empyrean Land experiences, and remaining up to date with the latest version of the Protocol as directed by the DAO and the Protocol Developers.
Empyrean Source is powered by the Ethereum Blockchain to back the $ESI Token. The Empyrean Fork occurs, in which the Blockchain Protocol will break off from the Ethereum block chain, node users will have the choice to maintain the old protocol, or continue Henosis with the DAO and the Protocol Developers.
The core of the Blockchain Ecosystem is the Empyrean Source Blockchain Protocol that interfaces with other elements of the system such as the Gaian Road Exchange, the Empyrean Source Explorer, the ES Token, ES Virtual Land, and other integrated crypto protocols. The Blockchain Protocol was developed and created by Empyrean Source Industries and implemented and enforced by the Decentralized Autonomous Organization (DAO) of the Empyrean Source governed by and Security Board.
The Security Board acts as a security panel in which members will be given increased governance rights and an administrative address which will equip them for handling certain security protocols and contingency decision making until the DAO can officially vote on an approved action.
The Gaian Road Exchange acts as the internal economic center and financial exchange. It is a free marketplace specializing in E-commerce, Digital Assets and NFT’s. It is a public marketplace that represents the principles of Empyrean Source embodies and creates space for commerce in a range of fields.
7. DAO Membership, Governance, and Structure
ESI is the Decentralized Autonomous Organization (DAO) of Empyrean Source. Membership of the DAO is granted via an ESI Passport which must be purchased to initiate access to the Virtual Machine. To receive a passport, you will exchange Ether for $ESI and a minted NFT ESI Passport will be issued to the member’s wallet. Passports will be used for smart contract voting (see section: Voting in the DAO). It is important that members retain possession of their passport at all times unless it has been submitted for a vote. All members of the DAO will join and become an Operator.
Members of Empyrean Source Industries DAO are called “Operators”. Operators are: Users & Developers who use the Empyrean Source or part of Empyrean Source Industries. Operators activities can include voting, staking, trading, and exchanging using smart contracts and ES Ecosystem Structures. Operators may be users, clients, customers, developers, and corporate employees. An Operator may join the DAO either by investing Ethereum, or by being appointed by ESI Corporation, and by holding $ESI in an Ethereum wallet.
The first objective of the body of Operators is to build a liquidity pool that is large enough to be staked in a Ethereum Validator Node or begin Host Staking Index Pools based on proposals made by the DAO. The second objective of the body of Operators is to create a developer, artist, and user ecosystem that interact and engage with the Empyrean Source.
The term operator refers to the function of users inside the network. Operators can have a variety of access types. Access types are ‘allowable operations’ that a given operator of ESI governed by access type controls may perform on a file or other resource of the system, such as: own, read, write, or execute. Access types are subject to change or more may be added during development or at the behest of DAO proposals.
Visitor Access – ESI Corporate Clients who need limited access, interested individuals who sign up, attendees of community events, or interested parties who wish to stay tuned into the latest ES news
Member Access – purchased membership to the DAO; user; voting rights;
Early Backer Access – member type with flat rate for first six months to become and early-backer operator
Developer Access – Developer Protocol user; voting rights; sessions and information inclusion; Member Access; operates a Developer Node
Corporate Access – Corporate Employee Protocol user for employees or project partners; Member and Developer Access
System Access – Smart Contract Entities, AI Machine Learning Programs, or Website Interface Bots. System Access is not given to human operators.
Ambassador Access – invested membership to the DAO via staked ETH into Validator pool or Index pools; user, holder, staker; voting rights; eligible for election to the Security board; private access to chats and sessions for DAO Governance; can create Validator pool with other Ambassadors using a Developer Node; access to investment portfolio in the ES, ROI, and token rewards; same as Member Access; can establish an Ambassador Embassy
Security Board Access – elected membership onto the DAO Security Board to serve the overall community in matters of ES token distribution, minting, and oversight of crypto assets; eligible to act as the Security Board Liaison to the ESI Corporate Board. This access type is granted for temporary terms and afterward Operators that had Security Board Access will have their type reverted to the previous before elected.
Empyrean Source token ($ESI) – Governance, Staking Token crypto asset Coin; value set with initial; value increases by investment, economic activity, scarcity, and reward generation; value scaled by Security Board supply management and minting;
Empyrean Source Wrapped token ($wESI)– Wrapped ERC20 token issued to Liquidators; value = 1 ETH + 1 $ESI
Ethereum (ETH) – Ethereum Crypto Asset
The Early Backer Program is a DAO membership offering and investment offer that will take place during the six month period prior to the Initial Coin Offering (ICO). The Program consists of two plans to join the program: Operator and Ambassador Investment Packages. The Operator package will include a flat rate which will Operator Early Backer Membership Access. The Ambassador Package is a significant investment package that grants a range of opportunities and Early Backer Ambassador Access.
- Flat rate membership fee -> Operator Early Backer Membership access
- ICO fundraising of $ESI
- $ESI + minted $ESI reward
- Generated rewards (APY and $ESI) -> Deposited -> return on investment
- 1 ETH + 1 $ESI -> wrapped and staked as Wrapped $ESI ($wESI
- ICO fundraising of $ESI
- $ESI -> exchange -> ETH + $ESI + minted $ESI reward
- Generated rewards (APY and $ESI) -> Deposited -> return on investment
The first objective of the body of Operators is to build a liquidity pool that is large enough to be staked in a Ethereum Validator Node or begin Host Staking Index Pools based on proposals made by the DAO. When this money is fundraised, initially a choice must be made between a Validator Node or the Index Pool. This choice is called the Liquidator Fork (see 12. Limitations).
Once Validator status is attained or Staking Protocols have been created, ESI will perform the reward protocols to DAO Operator’s Passports that stake $ESI and generate Ethereum rewards and APY. These will then be distributed to investors with the addition of $ESI rewarded by the DAO Vault.
If the ETH 2 Validator is chosen, the Validator status is attained, all staked Ethereum will be free to access after Ethereum version 2.0 is launched. However, at least 32 ETH must remain in the Liquidity pool to retain Validator status. The Validation Protocol contributes to return on investments as well as strengthens the legitimacy and resources of the Empyrean Source Blockchain.
Host Staking Index Pools are proposed by members of the DAO. They can be investments into cryptocurrency, goods, publicly traded stocks, grants, or traditional venture capital investments. The initial fundraising money from the Early Backer Program and the ICO will be used to start these pools based on the choice during the Liquidator Fork. Operators can then stake their $ESI token and other staking requirements to receive either NFT bonds or Token Assets to represent your share and governance inside the pool. When fully operational, stakers will be rewarded by the terms of the pools daily. Staking NFT bonds or Token Assets allows for further governance inside the Index Pool once initiated.
New pools may be created via ratified DAO proposals. When a new pool is created, decisions within each pool are left to the voting representation of the members invested within that pool. Operators and other members of the DAO will not be allowed to make decisions regarding a pool’s activities unless they are invested in it.
The ESI DAO consists of two entities: the Corporation and the Security Board. These two entities fulfill the major functions within the DAO for the Blockchain Ecosystem.
The ESI Corporation is the legal structure of Empyrean Source and contains the Corporate Board and Corporate Employees. The function of ESI Corporation is to fulfill the Road Map for Empyrean Source. This will include executing the ICO, creating the Metaverse, run Web Services operations, Research and Development of dApps and client products, and developing and maintaining the ES Blockchain Protocol in coordination with the rest of the DAO.
The corporation is solely run by the Board which consists of five seats, two of which are reserved and filled by the creators, and the last three are initially appointed by the founders. After all seats are initially appointed, Board positions will be determined by election made by the board. Corporate Employees consist of Operators who work directly with the ESI Corporation to develop the Empyrean Source.
The five positions on the Corporate Board are: CEO, CFO, Operations Manager, Community Manager, and Secretary. A seat shall be reserved for the Security Board Liaison which is an honorary seat and does not have decision making power or vote on the actions of the Corporate Board. The Liaison is there to represent the Security Board to deliver a State of the Source Report or an Ambassador Advisory panel to seek a resolution of concern.
Corporate Board Officer responsibilities:
CEO – primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the board of directors (the board) and corporate operations and being the public face of the company
CFO – responsible for managing the financial actions of a company. The CFO’s duties include tracking cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and proposing corrective actions.
Operations Manager – Develop, implement, and review operational policies and procedures. Assist with recruiting when necessary. Help promote a company culture that encourages top performance and high morale. Oversee budgeting, reporting, planning, and auditing.
Community Manager – Set and implement social campaigns to align with marketing strategies; provide engaging content for social media accounts; Respond to comments and customer engagement; Monitor and report on feedback and online reviews; Organize and participate in events to build community and boost brand awareness; Coordinate with Marketing, PR and Communications teams to ensure brand consistency; Liaise with Development and Sales departments to stay updated on new products and features; Build relationships with customers, potential customers, industry professionals and journalists; Stay up-to-date with digital technology trends
Secretary – is in charge of communication between board members regarding meetings, schedules, agendas, and providing relevant material for the Board that will be of concern during Board meetings and activities; record and archive all minutes, actions, and resolutions made by the Board; maintenance of corporate records
ESI Security Board
The Security Board acts as a decentralized function within ESI to protect the integrity of $ESI and to defend against points of failure in the Protocol. Security Board members are tasked with regulating all crypto assets by determining swap and exchange rates, and generating the supply of governance tokens. This is done by exchanging wallet address keys on a smart contract which allow for the minting of $ESI.
Security Board members may also act as a liaison between the Ambassadors and the overall community to the Corporate Board. If the Ambassadors or members of the DAO have an issue or concern relevant to the activities of the Corporate Board or the Blockchain Protocol, the body of Ambassadors can elect an Advisory Panel that will approach the Security Board. The Board shall then appoint a Liaison Officer to represent the Ambassador Advisory Panel before the Corporate Board.
Together, the ESI Corporation and Security Board will ensure the perpetuity of the DAO Protocol, oversee the growth of the blockchain and community, and continue to make Empyrean Source an optimal choice for blockchain and Mixed Reality technological solutions.
To vote, $ESI Holders must “lock-up” tokens by transferring them into the Voting Contract. Votes are weighted based on the quantity of $ESI locked in the contract. “Locked” $ESI can be withdrawn at any time. $ESI token holders have the option to set up their Voting Contract with a single hot or cold wallet. State Polls may require your ESI Passport to vote.
Contract Setup and Voting Costs
Voting requires a single transaction and typically costs a few cents per vote. The total amount varies depending on network congestion.
Governance Polls occur on the ethereum blockchain and are used to measure the sentiment in the DAO. They can be accessed through the Voting Portal. ESI operators may be asked to:
- Determine governance and DAO processes outside the technical layer of the Voting Portal.
- Form consensus on major community goals.
- Measure sentiment on potential Executive Vote proposals.
- Ratify governance proposals.
- Ratify risk: determine which values certain system parameters should be set to before those values are then confirmed in an executive vote.
State Votes “change the state”and make technical changes to the Empyrean Source Protocol. When active, each State Vote has a proposed set of changes being made to the Protocol. State Votes use a ‘Continuous Approval Voting’ model. State Votes can be used to:
- Add or remove collateral types.
- Add or remove currency types.
- Adjust global system parameters.
- Adjust currency-specific parameters.
- Replace modular smart contracts.
Continuous Approval Model
Continuous Approval Voting means that competing proposals may be introduced any time. The State Vote represents the current state of the system and is therefore continuously active. Three aspects to consider with regard to Continuous Approval Voting:
- A vote creates a barrier for new proposals, since new proposals need to surpass the voting weight of the last successful proposal.
- Votes are meant to remain in the system continuously in order to prevent bad proposals from passing easily.
- The more votes there are on the current state of the system, the more secure the system generally is from any “rogue” proposals.
8. ESI Web Services
Empyrean Source Industries Web Services is a SaaS Dashboard where clients can order online services like website hosting, graphic designs, brand consulting, social portfolio management and other software related projects. It is operated by the ESI Corporation and governed by the Corporate board.
Corporate Operators and freelance Operators can use ESI Web Services to work together and broaden their development capabilities by having access to the team and software dashboard. The projects and clients accepted may either be managed by the Corporation directly with ESI Consulting Division, Community Open Projects where operators do independent tasks, or Independent clients taken by Operators for specific tasks or services. ESI Web Services will be governed by the Corporate Board until further development and will continue to be an operation outside the Empyrean Source Roadmap.
Web Services creates the opportunity for ESI to generate revenue for Corporate ventures, DAO proposals, and Community events. This will ease the burden on financial investors and allow for investments to be channeled to profit opportunities rather than to maintain operations. It employs skilled Operators both Corporate and Freelance in collaborative projects for clients and the DAO Community.
9. Token, NFTs, and Exchange
Empyrean Source token ($ESI) = Governance, Staking Token crypto asset Coin; value set with initial; value increases by investment, economic activity, scarcity, and reward generation; value scaled by Security Board supply management and minting;
Empyrean Source Wrapped token ($wESI) = Wrapped ERC20 token issued to Ambassadors; value = 1 ETH + 1 $ESI
Ethereum (ETH) = Ethereum Crypto Asset
Empyrean Source Passport = Empyrean Source DAO Member Identification used for voting, access to the blockchain and different segments of the DAO. Passport access will be tiered by a user’s Member Rolls which will be coded into the smart contract of the NFT passport. DAO segments are classified by the following:
Corporate Pass = ESI Corporate Identification used for ESI Terminal and Web Services Login
Security Pass = ES DAO Security Board Identification used for Security Board actions, minting, and token oversight
Ambassador Certificate = ES DAO Ambassador Identification used for Governance Polls, State Polls, Continuous Approval, Advisory Panel election, Security Board Election, and Proposal Voting, and establish ES Embassies
Developer Pass = ES operator identification used by developers for accessing tools and functions within the ES Blockchain Protocol to create and maintain a Developer Node or other ES product or service
Early Backer Program – Early investment opportunities for members to join, receive Early Backer access, and help funding the progression of the Road Map
ICO – Creation of token; minting and distribution of initial token portions (team, creators, for sell, presale, etc…); token investment; staked ETH until issuance of tokens; exchange and operations;
Wrapping and Unwrapping – ETH or $ESI that is valued up to 1 ETH can be turned into a Wrapped ESI token for the purpose of entering and staking its value into the ES DeFi system. Generate rewards for staking your token and ETH by investing in the company’s initial startup, ICO, and operations. Wrapped tokens must remain wrapped for the portion of time allotted upon wrapping and equivalent rewards will be tiered according to amount and length of stake. When a token is unwrapped, users will receive the ETH and $ESI initially invested. Additionally an $ESI token is minted and issued to the user that has unwrapped their token.
Gaian Road Exchange
The Gaian Road Exchange will launch as a retail marketplace where primarily NFT’s may be minted, sold, exchanged, and distributed. Additional products and goods may be placed on the Exchange. When proper progress on the ES Road Map has been made, the Exchange will include a native Gaian Road Wallet and support cryptocurrency exchanges. Gaian Road Exchange will begin development as a web 2.0 application, but slowly develop into what is known as a DEX (decentralized exchange).
ES Virtual Land is a three dimensional world modeling the Metaverse of Empyrean Source. It is a finite, traversable, 3D virtual space where augmented portals within Empyrean Source Metaverse are called “Empyrean Land” or “LAND” for short. Land is a non-fungible digital asset maintained by an Ethereum smart contract.
Land is purchased on the Gaian Road Exchange via any accepted currency on the Exchange. When land is purchased, the purchaser is issued an NFT Title Contract that must be retained by the owner in a wallet. Land is considered an appreciating asset that accrues value with time. Because of the finite nature of the Virtual Land, land is a limited resource.
When new Empyrean Land is ready to be generated, $ESI token must be burned into the system. This means that its scarcity is directly tied to the scarcity of $ESI. Once land is owned its permanently owned by the members of the community and the identity who created the land. Land can be used to deploy 3D environments, and applications ranging from static scenes to interactive games and applications. Users will traverse Empyrean Land using their Passport as there Identity inside the Metaverse. Empyrean Land owners have full control of who can enter or change anything regarding the virtual real estate.
Empyrean Source Land is a platform at its core. Operators can create, experience, and monetize their content, digital assets, and applications. Developers can create digital items and craft their Empyrean Land with the METAVERSE LAND SDK. This is a Source Development Kit that provides basic tools for modeling items and creating basic 3D scenes on the Empyrean Source. For more advanced item creation or land development users will have the ability to program their own applications to be deployed onto the virtual land.
The virtual space provides a unique atmosphere for interactions ranging from retail, social, artistic, experiential, to service based exchange. Empyrean Land is directly modeled upon the geography of the Empyrean Source Blockchain. A block of land is called a Node which is the modeled representation of the Developer Node. Nodes may be broken down into smaller lots, called Shards. The first Node will be established by ESI during the progression of the Road Map. From there, each new minted Node will expand out in an interconnected pattern driven by the modeling of novelty.
Additionally, long term goals for Empyrean Land is to create a Mixed-Reality platform that provides both a virtual and augmented reality experience to users.
ES Explorer is a network (Blockchain, Metaverse, & Earth) viewer application for virtual mapping of the real world combined with B2B (business to business), B2C (business to customer), and P2P (peer to peer) social interactions and review while being exclusively offered as a SaaS to small businesses. The purpose of the Explorer is to highlight and connect users with small businesses and community centers of activity in the local area. Larger corporate businesses and institutions will not be included in the index (ex. Walmart, Mcdonalds, Holiday Inn, etc…). This creates space and “elbow room” at the table for local businesses to receive the spotlight and empower users to highlight small businesses that they care about. In an evolving business climate that is increasingly digitized and interconnected, small businesses and startups often operate at a disadvantage in regards to marketing exposure and analytical data capture compared to larger established firms with more resources.
The primary component of the Explorer is the map window which will display listings and user activity maps. The business listing section will be directly overlaid with the map window. A job listing hub will connect individuals with employment opportunities within a local radius. Additionally, events listing will be included to keep users updated on local events, concerts, shows, and festivals.
Listing of local businesses and job listings will be performed by users and businesses in conjunction with ESI. If a user adds a listing, a limited informational profile will be filled out and listed. This will act as a holding listing that will help to build local databases. Once a holding listing is made, the business owner may claim the listing and gain access to a verified listing which will include more information regarding the business, added listing features, and a verification certificate. This verification listing will also include a “Supported Local Products” section that will detail products from other small businesses sold in-store or locations where the products of the listing business are sold.
In addition to listing local businesses and job listings, ES Explorer will provide an array of valuable data and analytics that will be useful for local businesses to make decisions about product placement, business location, and customer review. User activity will create heat maps of activity that help pinpoint community centers of activity and guide other users to discover what members of their community are known to frequent. In areas of high activity or with a high concentration of listings, an activity cluster node will appear that will reduce map clutter. When highlighted, the cluster node will cycle through the icons of the relevant listings within the cluster. The initial icons and length of display time will be calculated based on the following: a) user activity b) customer review c) upgraded listing or d) are favorited by individual users.
The ES Explorer is set to launch in fall of 2021 and will begin its initial launch with a test case in Little Rock, AR. Partnering with local users and businesses, ESI hopes to have a successful publication and capture local users to drive activity and fill the listing databases. Promotional deals with release are possible by offering initial listing businesses a reduced price point for advanced listing packages, discounts for users at businesses that partner with the Explorer during launch period, and early access highlight for display icons in activity and listing cluster nodes.
During different progressions of the ES Road Map, the Explorer will receive infrastructure updates and optimization. A leading feature to be integrated is a blockchain viewer portal for Empyrean Land virtual reality. This change may be seen to operators as an update that takes the current infrastructure and processes it through a stylized “gamification”. This involves operators beginning to use the Ethereum Empyrean Source Passports to access the Explorer. When entering the Metaverse, operators take control of a metaverse avatar and navigate around the lands and public nodes. This allows users to navigate the blockchain in a way that will pave the road for integration with virtual and augmented reality technology that will be released by ESI or other supported software and hardware. This will include peripherals and hologram technology.
ES Explorer is a unique approach to highlighting organic businesses, employment opportunities and community activity that will evolve into an explorable and interactive world similar to existing VR gaming software and bring mobile access to Empyrean Source. It provides a practical use case for everyday utilization of blockchain technology. It is a commonly cited criticism that blockchain technologies are not currently implemented or practical for use by the public at large. This prevents individuals of the broader population from taking an interest in the swiftly growing field of blockchain technology. ESI seeks to bring the Empyrean to the real world with the ES Explorer and increase engagement and interest in blockchain and Mixed-Reality technologies.
Gaian Road Crypto PoS
Empyrean Source Gaian Road Crypto PoS is a software as a service decentralized application (SaaS dApp) hosted via the cloud and in the future the blockchain. This application in the cloud can be bridged into devices, websites, or customer portals; Primary use case Android Tablet. The software will be hosted on the Gaian Road Exchange and will facilitate wallet exchanges for services rendered on location.
A selection of Crypto currencies that will be accepted tender will need to be made (rec. Litecoin, Bitcoin, Ethereum, and Doge). These currencies are recommended because the PoS to integrate with Ethereum NameServers, which uses the Reverse Resolution Protocol. This protocol allows dApps to show their interface as a nameserver (ex. EmpyreanSource.Eth ) as opposed to a traditional long address (ex. 0xeC4F23b53HF71398f2d9171Fca3A937dEeB317). This address allows for easier payments using the Ethereum Blockchain.
Individual wallets will be created to receive wallet transfers for receipt of payment for services rendered on location. The hardware tablet will have a supported PoS interface to select items for sale. Once an item is selected, customers will be asked which crypto asset they will be using for payment. Upon selection of tender, a QR code will be prompted to appear on screen.
Each wallet will have its own QR code that can be scanned by any third party wallet or exchange application the customer utilizes on their phone in addition to the Gaian Road Exchange dApp (decentralized application) upon its full release. The customer will scan the QR and select the specific value amount of the items they have selected for purchase. Lastly, they will verify the transaction and send the funds. The wallet transfer will then occur.
Notification of the transaction will be listed in the customers wallet ledger and they will be notified through their own proper channels. The PoS software will generate a confirmation email for transactions pending and upon completion and will be sent to both the customer and the PoS client host.
When it is time for settlement and cashing out, individual wallets will filter into one wallet, which will also be linked to an Ethereum NameServer, to be transferred out. Wallet owners will be responsible for maintaining their own private wallet which will be used for receiving the asset settlement. Settlement will be sent to the private wallet which should be hosted by a third-party wallet that is connected to banking services or is PayPal integrated. Unless users wish to keep their assets held within the Gaian Road Wallet, which will be fully integrated with Gaian Road Exchange and Empyrean Source Blockchain.
Business owners will be responsible for reporting all crypto assets as revenue. Empyrean Source Industries is not responsible for crypto assets once they leave the Gaian Road PoS system. All transactions will be registered in the Empyrean Source Blockchain Protocol Encrypted Ledger.
Any and all transactions using the Gaian Road Wallet will be powered by the Empyrean Source Blockchain. Transactions made on the blockchain will generate Empyrean $ESI Token which will then be rewarded to the wallet holder in the form of an APY. Essence can then be exchanged or retained. This incentivizes wallet owners to remain engaged with the Empyrean Source Blockchain Ecosystem.
With the Gaian Road Crypto PoS SaaS dApp, Empyrean Source Industries seeks to step onto the frontier of crypto asset use for transactions in the daily lives of individuals. There are few reliable PoS technologies that are reliable for wholesale B2B and retail B2C transactions using crypto as an exchange asset. ESI intends to streamline this process and revolutionize technology of this kind.
Initial versions of the PoS would strictly transact through direct wallet exchanges. Later versions would possibly include: instant settlement (using AMP or other Empyrean Source Settlement Token upon development); card reader hardware allowing debit/ATM, credit, Google Tap, and Apple pay to take electronic funds and convert directly into the crypto asset of the users choice; accepting Gaian Road Card for cheaper fees and percentage back rewards.
If clients host this PoS for their business and if they are in accordance with listing guidelines, all client hosts will be listed on the Empyrean Source Explorer to promote funneling of local business and support Empyrean Source business affiliates. Additionally, PoS affiliates will have access to developing a Node or SuperNode which allow them to opt in to mining and validating. Affiliates also qualify for DAO membership which offers a range of benefits from governance, voting rights, validation privileges, and a more empowering choice over your financial experience.
Resources and Manpower
ESI is in its founding stages where fundamental growth and development is occurring. Prior to the formation of ESI, the development team and founding members engaged in freelance operations and case studies. These endeavors equipped and prepared the ESI team with vital information and skills to build Empyrean Source. However, strong limitations from lack of resource, funding, and manpower affect the speed and implementation of developments to the blockchain.
ESI is a growing team that is searching for assistance and financial support in these areas of limitation. Elimination of limitations will accelerate progression of the Road Map at an exponential rate. This creates an emphasis and the opportunity for the community to support and take ownership of the DAO.
ESI Corporate SuperNode
The SuperNode is a Developer Node that is established by the DAO for the purpose of establishing the first Developer Node, establishing a secure network for the blockchain, and empowering ESI with the resources to progress the Road Map. Obtaining a server for ESI will increase the ability to launch products, software, and integrations between the ecosystem that allow for more secure and native operations. It is integral to the development and implementation of the ES Blockchain Ecosystem.
If enough funds are raised during the ICO or if the DAO decides at a later date, both options (ETH Validator Status or Staking Host Index Pools) may be actualized. Lack of funds will make establishing the validation pool shaky. If enough funding is not raised for Validator status, then the Index Pool will be chosen. If the threshold is reached for Validator status, an additional amount must be raised in addition to 32 ETH due to an excess amount being needed to make the Validation pool profitable.
12. Road Map
Milestone 1: Initial Coin Offering (ICO)
[This section is under construction and will be included upon the release of the ES Whitepaper 2.0]
Milestone 2: Creation of the first ES Developer Node
One of the first assets to be acquired upon completion of the ICO is the ESI Corporate SuperNode. The SuperNode is a Developer Node that is established by the DAO for the purpose of establishing the first Developer Node, establishing a secure network for the blockchain, and empowering ESI with the resources to progress the Road Map. Attaining our own server will increase the ability to launch products, software, and integrations between the ecosystem that allow for more secure and native operations. It is integral to the development and implementation of the ES Blockchain Ecosystem.
Milestone 3: Liquidator Fork
The first objective of the body of Operators is to build a liquidity pool that is large enough to be staked in a Ethereum Validator Node or begin Host Staking Index Pools based on proposals made by the DAO. When this money is fundraised, initially a choice must be made between a Validator Node or the Index Pool. This choice is called the Liquidator Fork.
Once Validator status is attained or Staking Protocols have been created, ESI will perform the reward protocols to DAO Operator’s Passports that stake $ESI and generate Ethereum rewards and APY. These will then be distributed to investors with the addition of $ESI rewarded by the DAO Vault. If the ETH 2 Validator is chosen, the Validator status is attained, all staked Ethereum will be free to access after Ethereum version 2.0 is launched. However, at least 32 ETH must remain in the Liquidity pool to retain Validator status. The Validation Protocol contributes to return on investments as well as strengthens the legitimacy and resources of the Empyrean Source Blockchain (See 12 Limitations).
Host Staking Index Pools are proposed by members of the DAO. They can be investments into cryptocurrency, goods, publicly traded stocks, grants, or traditional venture capital investments. The initial fundraising money from the Early Backer Program and the ICO will be used to start these pools based on the choice during the Liquidator Fork. Operators can then stake their $ESI token and other staking requirements to receive either NFT bonds or Token Assets to represent shares and governance inside the pool. When fully operational, stakers will be rewarded by the terms of the pools daily. Staking NFT bonds or Token Assets allows for further governance inside the Index Pool once initiated.
Milestone 4: Launch of the Empyrean Source Blockchain Network
This launch would bring the beginning stages of a transversable metaverse, side blockchain for faster transactions, and deploy frameworks for the further development of Empyrean Source. This launch would be considered a beta and after network traffic testing will transform into the first stable branch of Empyrean Source.
Empyrean Source is an attempt to take first principles, sustainability, efficiency, and decentralization and to meld them into a powerful vehicle of discovery. The creation of a self perpetuating system that gives power to the user and the community at large is no easy task. Additionally, blockchain technologies have developed primarily as a way to guarantee transparency and safe exchange of information through decentralized encryption. With all of these considerations in mind, Empyrean Source has emerged to embody them and to provide a solution to the technological phenomena our species is undergoing. The emphasis of this technology is to provide steps forward into virtual integration while maintaining the highest regard for Natural Law and the highest good for our Species and that of the planet.
Aside from the empowerment advancements in blockchain technology provides, it enables like-minded individuals to unite under an established understanding to pursue a common goal without the need for a third party to validate trust. This process is the creation of culture and the formation of community under the premise that all humans are equal in terms of autonomy, responsibility, and accountability. In our modern era, the decline of culture and the deterioration of Archaic values has led many individuals to self isolate and to hoard resources. This has resulted in a lack of faith among individuals that has crippled innovation, reduced potential success of ventures, and an overall decrease in sustainability.
Empyrean Source Industries seek to be a part of the revival of choice, creation of culture, and formation of communities at large utilizing a Blockchain Ecosystem. This ecosystem is an interconnected blockchain network in which each block represents a cog in a self turning machine. The Road Map illustrates the series of cogs to be implemented and in what order it is necessary to construct the chain. As the DAO progresses through the Road Map, each subsequent implementation will add to the overall efficiency and interconnectivity of the blockchain as well as to maximize potential outcomes.
Operators of the DAO will step into the Empyrean and discover a world that touches on and embodies the highest principles known to man combined with the most advanced to date technologies that mankind has created. “In ancient cosmologies, the Empyrean Heaven, or simply the Empyrean, was the place in the highest heaven, which was supposed to be occupied by the element of fire (or aether in Aristotle’s natural philosophy)” (Wikipedia, Empyrean). To fulfill its namesake, Empyrean Source, founded upon a community and powered by the Ethereum Blockchain, seeks to take users on a journey into the highest realms of thought and experience.
Notes from the Creators
Nicholas Ebel, ‘Yanja’
Benjamin Osburn, ‘Zen’
WE AWAIT OURSELVES WITHIN THE VISION…
We can now move toward a new vision of ourselves and our role in nature. We are the omniadaptable species, we are the thinkers, the makers, and the solvers of problems. These great gifts that are ours alone and which come out of the evolutionary matrix of the planet are not for us—our convenience, our satisfaction, our greater glory. They are for life; they are the special qualities that we can contribute to the great community of organic being, if we are to
become the care giver, the gardener, and the mother of our mother, which is the living earth.
Here there is great mystery. In the middle of the slow-moving desert of unreflecting nature we come upon ourselves and perhaps see ourselves for the first time. We are colorful, cantankerous, and alive with hopes and dreams that, so far as we know, are unique in the
universe. We have been too long asleep and shackled by the power we have ceded to the least
noble parts of ourselves and the least noble among us. It is time that we stood up and faced the
fact that we must and can change our minds.
The long night of human history is drawing at last to its conclusion. Now the air is hushed and the east is streaked with the rosy blush of dawn. Yet in the world we have always known evening grows deeper and the shadows lengthen toward a night that will know no end. One way or another the story of the foolish monkey is nearly forever over. Our destiny is to turn without regret from what has been, to face ourselves, our parents, lovers, and children, to gather our tool kits, our animals, and the old, old dreams, so that we may move out across the visionary landscape of ever-deeper understanding. Hopefully there, where we have always been most comfortable, most ourselves, we will find glory and triumph in the search for meaning in the endless life of the imagination, at play at last in the fields of an Eden refound.
-Terence Mckenna, Food of the Gods
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