We are postponing the Ethertower ICO and subsequent TGE. This decision follows lower-than-anticipated demand, resulting in insufficient distribution to support a solid launch of ETHTW.
All ETH committed has been fully refunded.
We are evaluating the appropriate conditions to re-execute the Ethertower ICO, with a focus on improved market alignment and broader participation. Further updates will be provided as plans are finalized.
We are extending the Ethertower ICO until March 31, 2 PM UTC.
As a result, the Ethertower TGE will take place on April 7, 2 PM UTC, on @ElevadoMarkets.
Join the ICO: https://t.co/1bHQMdM8Ju
Built on Ethereum, the Ethertower protocol operates as a fully decentralized, autonomous system.
Backed by ETH, ETHTW is designed to have no single points of failure – no oracles, no governance. The entire system is implemented through a single monolithic smart contract.
By design, ETHTW NAV (or “price”) is monotonically non-decreasing in ETH terms and cannot decline below its current level.
Moreover, ETHTW NAV increases with every mint and redemption event.
The Ethertower protocol enables long-term, capital-efficient, risk-adjusted deployment of ETH liquidity through a structured, programmatic reserve strategy.
ETHTW targets deterministic NAV expansion of 0.1%–1.0% per day, equating to a projected 36.5%–365% annualized yield (APY).
Ethertower issues ETHTW.
Backed by ether and denominated in ETH, ETHTW is a monotonic asset whose per-unit collateral increases with every protocol action; each mint or redemption raises the price (NAV) of ETHTW, never falling below its current level.
We have published a revised version of the @ethertower whitepaper:
https://t.co/ycskeKsXkq
Ethertower issues ETHTW, an ether-backed, ETH-denominated reserve asset with a continuously increasing NAV, providing a secure, capital-efficient instrument for productive ETH deployment.
Elevado proposes @ethertower, a monolithic, fully ether-backed asset designed to maintain or increase the ETH per share, powered by a deterministic flywheel mechanism.
Whitepaper: https://t.co/ycskeKtv9Y
Hello, Ethereum.
Elevado is building the next generation of asset primitives, embodying Ethereum’s highest principles: decentralization, soundness, permissionlessness, and neutrality.
Coming soon.
https://t.co/yghYEJaJZJ