Official Information on the ESTCON High Volume Trade (HVT) Phase
The completion of the First Market Buyers (ESTCON Primary Market) phase marked a significant milestone. During this phase, the PATGEN Wallet was successfully launched, facilitating ESTCON trading on a global scale by enabling payments on a decentralized network system. Consequently, ESTCON trading now operates on a fully decentralized platform.
Traders can now transfer their earnings (in PTGN) from their ESTCON trading accounts to their PATGEN Wallets by simply submitting their Wallet Port Number (WPN).
Commencement of High Volume Trade (HVT)
With the official start of the High Volume Trade (HVT) phase, traders will be able to deposit PTGN from their PATGEN Wallets into their ESTCON trading accounts. Notably, during the launch of the PATGEN Wallet, 20,000 PTGN was distributed for free to users who participated in PATGEN Minting.
If you received the free PTGN, you can either deposit it into your ESTCON trading account or exchange it for fiat currency via the PATGEN Exchange. Please note that currently, only PATGEN users with a team of 30 members can exchange their PTGN for fiat currency.
Once you deposit PTGN into your ESTCON trading account, you can use the funds to verify your trading account if it is not already verified. Subsequently, you can proceed to purchase ESTCON listed on the ESTCON market.
Community Building and ESTCON Brokers
Community building is of paramount importance during the HVT phase. As the ESTCON Ecosystem is now decentralized, every trader is expected to contribute to the growth of the ESTCON community. To receive rewards for community building, you should become an ESTCON Broker (Penvestor Licensed Agent). The cost to become an ESTCON Broker is only 100 PTGN. By sharing your Agency ID and onboarding new traders, these new traders will become your Envoys.
You can sell ESTCON directly to your Envoys through the ESTCON transfer and import feature on the Penvestor ESTCON trading platform.
Network Effect and Growth
The decentralized nature of the ESTCON Ecosystem enables all traders to grow successfully and simultaneously through the network effect. Similar to a telephone network, the value of the ESTCON Ecosystem increases with the number of participants. The goal is to grow the ecosystem to a base of 1 million traders, each holding at least 10 SQM of any ESTCON (there are 27 ESTCON available).
During the HVT phase, existing traders are encouraged to purchase as much ESTCON as possible. The ESTCON Liquidity Pool will be launched within this period, allowing traders with at least 10,000 SQM of any ESTCON to participate by August 31, 2024.
ESTCON Liquidity Pool
The ESTCON Liquidity Pool is a decentralized and automated system aimed at increasing the market capitalization of ESTCON, tracking overall trading activities, and rewarding traders who lock their ESTCON to support this initiative. This pool will help stabilize trading activities and ensure the PATGEN Exchange is open to all traders without limitations, facilitating the free flow of funds within the ESTCON Ecosystem. Decision-making power regarding trading dynamics will be transferred to ESTCON traders, not the Penvestor management.
Future Prospects
Following the successful execution of the HVT phase, we will transition to the Property Exchange phase, where ESTCON traders can exchange their ESTCON for real property ownership. Additionally, the PATGEN Commerce phase will enable businesses to scale to the public level and enhance sales through the power of the PATGEN Network.
We look forward to your active participation and contribution to the growth of the ESTCON Ecosystem.