Safe sending:

ebox provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread. Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. Harnessing the cryptographically unbreakable safety of the underlying Ethereum blockchain, ebox provides a smart contract based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency

Privacy:

Sending funds through ebox disrupts the chain of transparently trackable blockchain transactions, thereby obfuscating their origin and destination. For situations where discretion is required, users have the option of wrapping ebox transactions with an additional layer of privacy, for a small increase in service fee. When using this added privacy feature, both sender and recipient addresses are encrypted locally on users' computers. No clear-text addresses are ever transmitted into the internet or stored on-chain, and users may remain anonymous to each other. Any attempt to reconstruct added-privacy transactions between ethbox users becomes tremendous effort, if not impossible.

OTC

On top of securing transaction, ebox offers an easy and convenient way of trading Ether and ERC-20 tokens. Funds can be sent & requested a single transaction, which may only be fulfilled once both the sending and receiving party have put in their part. This gives users a safe, reliable environment for OTC trading that is immune to any form of fraud or scam. Safeguarded by the ebox smart contract, ebox OTC transactions are guaranteed to take place in the only way that is acceptable, being fair and mutually beneficial for both parties

• Reducing fees: Users can use ebox service with a significant discount in fees.
• Deflationary token model: Part of the fees generated are used to buy back EBOX tokens. These tokens that are bought back are then burned.

*Payout from fees: EBOX holders will gain a share of fees earned by ebox as regular payouts.

*Staking for passive income: EBOX can be staked for the first four years to generate passive income. 18% of the token supply of EBOX is reserved for staking rewards.

• Governance: Used for governance votes to determine different company relevant decisions.

For transactions below $300, ebox is free to use.

Holding Regular service Using added privacy OTC
No EBOX 1.5% 2.0% 3.0%
5000 EBOX 0.8% 1.0% 2.0%
15.000 EBOX 0.4% 0.8% 1.0%
50.000 EBOX 0.3% 0.6% 0.8%
100.000 EBOX 0.2% 0.5% 0.6%

Service fee will be used for:
25% Profit
25% Marketing of ebox
25% Buyback & burn
25% Payout to Tokenholders

Launch of Mainnet: Q2 2021

Users have the option to deposit funds into the ebox smart contract ("send"), or withdraw funds that have been previously deposited by another user ("receive"). To ensure that only the intended recipient can receive the funds, the ebox smart contract utilizes a two-factor authentication system.

The first factor is the recipient's address, which is authenticated through MetaMask. The second factor is a passphrase chosen by the sender of the transaction.

This means that in order to withdraw funds, the recipient must be connected to ethbox via MetaMask using the specified recipient address and know the correct passphrase.

In order to keep track of transactions, the ethbox smart contract stores information such as the amount deposited, the recipient, and the passphrase. However, for security reasons, the passphrase is not stored in plain text. Instead, the smart contract stores the Keccak-256 / SHA-3 hash value of each transaction's passphrase.

Hashing is a fundamental concept in blockchain technology, which ensures the security and reliability of ethbox. By storing only the hash value, ebox can validate passphrases without actually knowing the passphrase itself.

When users want to withdraw funds, they enter a passphrase, which is then submitted to the ethbox smart contract. The smart contract computes the hash of the submitted passphrase and compares it to the stored hash value to verify its correctness.

Safe sending:

ebox provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread. Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. Harnessing the cryptographically unbreakable safety of the underlying Ethereum blockchain, ebox provides a smart contract based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency

Privacy:

Sending funds through ebox disrupts the chain of transparently trackable blockchain transactions, thereby obfuscating their origin and destination. For situations where discretion is required, users have the option of wrapping ebox transactions with an additional layer of privacy, for a small increase in service fee. When using this added privacy feature, both sender and recipient addresses are encrypted locally on users' computers. No clear-text addresses are ever transmitted into the internet or stored on-chain, and users may remain anonymous to each other. Any attempt to reconstruct added-privacy transactions between ebox users becomes tremendous effort, if not impossible.

OTC

On top of securing transaction, ebox offers an easy and convenient way of trading Ether and ERC-20 tokens. Funds can be sent & requested a single transaction, which may only be fulfilled once both the sending and receiving party have put in their part. This gives users a safe, reliable environment for OTC trading that is immune to any form of fraud or scam. Safeguarded by the ebox smart contract, ebox OTC transactions are guaranteed to take place in the only way that is acceptable, being fair and mutually beneficial for both parties

• Reducing fees: Users can use the ebox service with a significant discount in fees.
• Deflationary token model: Part of the fees generated are used to buy back EBOX tokens, which are then burned.

Payout from fees: EBOX holders will receive a share of the fees earned by ebox as regular payouts.

Staking for passive income: EBOX can be staked for the first four years to generate passive income. 18% of the token supply of EBOX is reserved for staking rewards.

• Governance: EBOX tokens can be used for governance votes to determine different company-relevant decisions.

For transactions below $300, ebox is free to use.

Holding Regular service Using added privacy OTCNo EBOX 1.5% 2.0% 3.0%5000 EBOX 0.8% 1.0% 2.0%15.000 EBOX 0.4% 0.8% 1.0%50.000 EBOX 0.3% 0.6% 0.8%100.000 EBOX 0.2% 0.5% 0.6%

Service fee will be used for:25% Profit 25% Marketing of ebox
25%Buyback & burn 25% Payout to Tokenholders

Launch of Mainnet: Q2 2021

Users have the ability to deposit funds into the ebox smart contract ("send"), or retrieve funds that have been previously deposited by another user ("receive"). To ensure that only the intended recipient can receive the funds, the ebox smart contract utilizes a two-factor authentication system.

The first factor is the recipient's address, which is authenticated through MetaMask. The second factor is a passphrase chosen by the sender. To retrieve funds, the recipient must be connected to ebox via MetaMask using the specified recipient address and know the correct passphrase.

To facilitate these processes, the ebox smart contract keeps track of the deposited amounts, recipients, and passphrases. However, for security reasons, the smart contract only stores the Keccak-256 / SHA-3 hash value of each transaction's passphrase.

Hashing is a fundamental concept in blockchain technology, ensuring the safety and reliability of ebox. By storing the hashed passphrases, ebox can validate user-submitted passphrases without actually knowing the original passphrases.

When users attempt to retrieve funds, they enter a passphrase, which is then submitted to the ebox smart contract. The smart contract computes the hash of the submitted passphrase and compares it to the stored hash value of the correct passphrase.

ebox was founded by Lukas Schiefer, Lukas Pratschner, and Paul Simode. They have known each other for more than 15 years before starting the project. Together, they bring decades of experience and activity in the crypto space as well as knowledge in different areas.

Lukas Schiefer studied renewable energy at the University of Applied Sciences in Vienna and has been a community manager in crypto for several platforms, as well as a long-term evangelist of the industry.

Lukas Pratschner is an experienced cryptocurrency angel investor and researcher who has been active in the community for a big part of its history. He has worked in different areas like chemical process engineering and laboratory technology, as well as in certification, auditing, and inspection.

Lastly, Paul Simode has been interested in technology since he was a kid, using C/C++ and Assembly languages in his incursions in cybersecurity. He is a software developer who is in charge of the technical aspects of Ebox.

Safe sending:

ebox provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread. Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. Harnessing the cryptographically unbreakable safety of the underlying Ethereum blockchain, ebox provides a smart contract based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency

Privacy:

Sending funds through ebox disrupts the chain of transparently trackable blockchain transactions, thereby obfuscating their origin and destination. For situations where discretion is required, users have the option of wrapping ebox transactions with an additional layer of privacy, for a small increase in service fee. When using this added privacy feature, both sender and recipient addresses are encrypted locally on users computers. No clear-text addresses are ever transmitted into the internet or stored on-chain, and users may remain anonymous to each other. Any attempt to reconstruct added-privacy transactions between ebox users becomes tremendous effort, if not impossible.

OTC

On top of securing transaction, ebox offers an easy and convenient way of trading Ether and ERC-20 tokens. Funds can be sent & requested a single transaction, which may only be fulfilled once both the sending and receiving party have put in their part. This gives users a safe, reliable environment for OTC trading that is immune to any form of fraud or scam. Safeguarded by the ebox smart contract, ebox OTC transactions are guaranteed to take place in the only way that is acceptable, being fair and mutually beneficial for both parties

Users can either deposit funds inside the ebox smart contract (send), or retrieve funds that have previously been deposited by another user (receive).In order to guarantee that only the designated recipient of a transaction is able to receive the funds, the ebox smart contract takes the recipients address (authenticated through MetaMask) as one part of a two-factor authentication.

The other part is a passphrase, that is arbitrarily chosen by the sender of a transaction.

This means that for retrieving funds, the recipient has to be connected to ebox through MetaMask using the address that was specified by the sender as recipient, and know the correct passphrase.

For all of this to work, the ebox smart contract has to keep track of what is going on – Who deposited how much, for whom, with what passphrase?

The passphrase part is critical about this, as it cant be stored in the smart contract in clear-text for obvious reasons, given that any data on any smart contract can be viewed by anyone at any time.

Therefore, the ebox smart contract stores merely the Keccak-256 / SHA-3 hash value of each transactions correct passphrase.

Hashing is one of the basic underlying concepts of blockchain technology in general, which implies that the safety and reliability of ebox goes hand in hand with the blockchain itself, making it just as unbreakable.

Mode of operation Applying this knowledge to how ebox stores transaction passphrases, this means that ebox can validate any passphrase that it is told by a user trying to retrieve funds, without actually knowing what the passphrase is.

In order to retrieve funds, users are required to enter a passphrase, which is then submitted to the ebox smart contract.The smart contract then computes the hash of that submitted passphrase, and compares it to what it has stored inside its memory, which is the hash of the correct passphrase (but not the actual correct passphrase itself).

ebox was founded by Lukas Schiefer, Lukas Pratschner, and Paul Simode, who knew each other for more than 15 years before starting the project. Together, they bring decades of experience and activity in the crypto space as well as knowledge in different areas.

Lukas Schiefer studied renewable energy at University of Applied Sciences in Vienna and has been a community manager in crypto for several platforms, as well as a long-term evangelist of the industry.

Lukas Pratschner is an experienced cryptocurrency angel investor and researcher who has been active in the community for a big part of its history. He has worked in different areas like chemical process engineering and laboratory technology, as well as in certification, auditing, and inspection.

Lastly, Paul Simode has been interested in technology since he was a kid, using C/C++ and Assembly languages in his incursions in cybersecurity. He is a software developer who is in charge of the technical aspects of Ebox.