Question 1

What is EQTY?

Accepted Answer

EQTY is an ERC-20 token deployed on Base and is also the token in the EQTY protocol contract system. ERC-20 means that it follows a common token interface for Ethereum-compatible networks; Base is the network on which its mainnet deployment is located. It is not a certificate of ownership in any real-world asset. Project materials place it in a protocol design involving anchoring events, fee payments, burning, and proposed redemption; holding the token does not automatically confer any particular real-world asset or legal rights to it.

Question 2

What are EQTY's supply cap and burn mechanism?

Accepted Answer

The EQTY contract has a supply cap of 500 million tokens and includes burn functionality; its minting is controlled by a bridging mechanism. The supply cap is the maximum quantity permitted by the contract, not the current circulating supply, nor does it indicate how tokens are distributed. Burning is an on-chain operation that permanently removes tokens from usable supply. The project design includes both a general burning capability and plans to burn EQTY in the Anchor payment and Redeem redemption flows; however, whether the latter two flows actually result in burns depends on whether the relevant mainnet contracts are deployed and used.

Question 3

How is EQTY planned to be used for Anchor fees and event anchoring?

Accepted Answer

The Anchor designed in the project documentation is an anchoring contract: service or construction providers may pay fees in ETH or EQTY and write publicly readable event logs for specific subjects. In this way, event records can be verified on a public chain, while business parties can decide for themselves which sources are accepted within their business semantics. The payment paths are designed in two categories: payments in ETH are transferred to the Redeem contract; fees paid in EQTY are burned. Anchor is responsible only for general anchoring and fee collection. Which particular events are trustworthy and who may call them are still determined by the Ownable implementation that integrates it, rather than guaranteed automatically by Anchor.

Question 4

How does EQTY's proposed ETH redemption mechanism work?

Accepted Answer

The documentation envisages a Redeem contract that lets EQTY holders return a specified amount of EQTY at a dynamic exchange rate and receive ETH, while the returned EQTY is burned. The source of ETH is specified as ETH fees received by Anchor and transferred into that contract, rather than external assets unconditionally providing a fixed peg for every EQTY. The dynamic exchange rate is not a fixed redemption price. The documented formula limits the next rate to a range of 10% above or below the current rate and adjusts it based on ETH actually paid; this only describes a proposed algorithmic relationship and cannot guarantee any price, liquidity, or redemption outcome.

Question 5

Are Anchor and Redeem already available on Base mainnet?

Accepted Answer

According to the deployment information listed in the contract repository, Base mainnet has an EQTY Token address and a Treasury address, but both Anchor and Redeem are marked “Pending deployment（待部署）”. Therefore, the fact that a mainnet EQTY token is listed does not mean that mainnet Anchor payments or ETH redemption flows are already available. The repository also lists Anchor and Redeem addresses on the Base Sepolia testnet. Testnet deployments are for testing and should not be treated as mainnet services being live, nor should they be used to infer mainnet availability, fees, or redemption conditions.

Question 6

How is EQTY related to the LTO Network migration?

Accepted Answer

EQTY is related to changes at LTO Network: LTO's official page states that its Layer 1 blockchain will shut down and that the project's story will continue as EQTY on Base. This is a project migration from the former Layer 1 narrative to EQTY on Base, not an automatic equivalence of the LTO token and EQTY. The official page also explicitly states that the LTO→EQTY conversion period ended at 23:59 on October 31, after which LTO can no longer be converted or traded. Therefore, eligibility to convert old LTO cannot be inferred solely from current holding status; EQTY's network, contracts, and product processes should be verified separately from the former LTO.

Question 7

How should the network and contract be verified when using EQTY?

Accepted Answer

The EQTY mainnet token is on Base. Sending the token or calling its contract requires using the Base network and paying transaction fees in that network's native Gas asset. The Base mainnet EQTY Token address listed in the repository is 0xC71F37D9bF4C5d1E7Fe4bCcB97e6f30B11b37D29. Assets with the same name and testnet addresses can lead to mistaken transfers. Before acting, verify the network, contract address, and recipient address together; sending assets to the wrong network or wrong contract generally will not be automatically recovered because of the project migration relationship.

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