WHAT IS EPNS?
EPNS also known as Ethereum Push Notification Service (EPNS) is a decentralized notification protocol that enables any dApps or smart contracts to send platform-agnostic, incentivized and dynamic notifications. It is basically the native communication layer of Web3 to send or receive multi-chain push notifications among dapps & users. It can send push notifications to wallet addresses of the users in a platform agnostic way (ie: mobile, tablet, chrome, firefox, fav. wallets, etc).
It is the world’s first decentralized notification protocol built on top of Ethereum. $Push is the native token of EPNS. $PUSH is designed to incentivize the continued adoption cycle for the EPNS protocol. It is a decentralized middleware layer that allows any service to connect with users through alerts/ notifications. It is possible to utilize this protocol to send notifications to users of any smart contract or service regardless of the platform they are running on. In simpler form, it is an open communication layer for the Web3 ecosystem.
The Ethereum Push Notification Service was created by Harsh Rajat and Richa Joshi in April 2020. The founders are software engineers and pioneers of the crypto revolution in the Indian crypto space. Rajat formerly worked as a decentralized ambassador for Hydrogen Fintech, He also worked for 3 Magic Shots and HydroLabs as the CTO. Joshi has also worked for HydroLabs as a product manager and as a senior consultant at Deloitte Consulting.
What is a Push Notification?
A push notification is a message that pops up on a mobile device or computer, such as news, sports score, and videos from various sites such as YouTube, Facebook, Instagram, etc. It looks like SMS text messages and phone alerts, but they only extend to users who have installed the given app. Currently, on our phones, the way push notifications are sent is they come through the protocol majorly sent by Google or Apple. So, this centralized protocol decides what the rules are and how the push notification should work based on their interest and favor. With PUSH it is decentralized and ample.
Why EPNS is the missing piece of WEB3 infrastructure?
- Services look forward users to repeatedly checking their actions.
- Wallet addresses do not receive notifications from any Web3 activity.
- The disconnection leads to poor User Experience (UX), communication, and engagement.
EPNS is a DeFi protocol but a different one! It uses Staking by Service, which is Lend out to AAVE to generate Interest which is distributed among the service’s subscribers. EPNS service is available as software on Andriod, iOs, and Chrome Extension.
Currently, EPNS is delivering services of notifications to CoinDesk, MakerDAO, BANCOR, ENS Domains, CVI, and many more.
PARTNERS AND COLLABORATORS
Some of the notable projects supporting or associating with EPNS are:
- MAKER,
- AAVE,
- UNISWAP,
- ENS,
- DYDX,
- POLYGON,
- GITCOIN,
- COINDESK,
- ARAGON,
- BANCOR,
- DECENTRALAND,
- KYBERSWAP,
- CVI,
- ALPHA FINACE LAB,
- YAM FINANCE,
- NORD FINANCE,
- SNAPSHOT,
- HERMES,
- EASYFI,
- TRACER,
- TIMESWAP,
- NOTIONAL,
- TRUEFI,
- CRYPTO MANGA,
- SUPERFLUID,
- ETHSIGN,
- NFT-TIX,
- OPEN BI SEA,
- UNSTOPPABLE DOMAINS,
- BICONOMY,
- MATIC and many more…
Some of the best people involved actively in this project are:
- Balaji S. Srinavasan, Serial Entrepreneur and former CTO of Coinbase.
- Andrewkeys, ANGEL INVESTOR
- Sandeep Nailwal, Co-Founder, Polygon
- Kain Jordan Justin, Angel Investor
- Anton CO-FOUNDER, 1INCH
- Preethi Kasireddy, Entrepreneur/Writer
- Mariano Conti – Investor
- Scott Moore, Co-Founder, Gitcoin
- Kenneth Ng, Ethereum Foundation
- Sahil CO-FOUNDER, HARMONY
- DeFiDad, COO, Zapper.Fi
- Anthony Sassano, EthHub/ DAILYGWEI
- Aniket CO-FOUNDER, BICONOMY
- Jerome, ANGEL INVESTOR
- Ajit, ANGEL INVESTOR
EPNS is also backed by popular crypto moguls like Binance Labs, CoinDCX, Zebpay, Harmony etc…
UTILITIES OF EPNS
A protocol for decentralized notifications on the Ethereum blockchain. Notification channels can be subscribed with EPNS via applications and users. Communications between blockchain-native apps and users are made accessible. Channels like email, Medium, Twitter, Discord, WeChat, and more are used today for communication among the Web3 enthusiasts but they struggle to scale for rapidly-evolving in use cases like Defi. EPNS protocol is letting applications to send push notifications to users regarding updates, account information, product drops and more in a decentralized way with ease. Custom notifications in response to on-chain events to better monitor investments, transactions, app security, protocol performance, and more can also be set up by the users.
EPNS functions:
- Channels (individuals or companies that wish to issue the communication)
- Subscribers (individuals that opt-in to receive communication)
It will also allow users to receive notifications in various formats like images, call to action, videos, etc. Future content or payload will be interpreted differently. EPNS will also allow users and channels to approve each other information before sharing it.
FUTURE PLANS OF EPNS
As of April, 2022 the Mumbai-based EPNS has raised a $10 Million in funding from Jump Crypto, Tiger Global, Polygon, and others. EPNS is currently working with more than 80 protocols and they plan to launch its services on Polygon. Other amazing works that are undergoing on with EPNS are, it is powering on-chain notifications of domain expiration for ENS, media alerts for CoinDesk, governance updates for Snapshot, vault liquidation for Oasis and many more.
The company has planned to expand its services on four more blockchains by the end of this year. Harsh Rajat has said that the team is very aggressive and they are going to launch on Polygon, Binance, harmony and Solana very soon.
The target of EPNS is to hit 1 million Users by the end of 2022. EPNS has its offices in India and Dubai, they plan to expand more.
$PUSH TOKENS
$PUSH is the native governance token for the Ethereum Push Notification Service Ecosystem. Its total supply is 100,000,000 PUSH but only 15.2 Million PUSH tokens are in circulation. It has a market cap of $6.6 million dollars as of 22nd July 2022.
PUSH tokens are allocated in this manner
- 53% of $PUSH tokens are kept reserved for community allocation.
- 16 % allocated for the Founders and team.
- 20.5% to the investors.
- 7% to the Foundation.
- 3.5% to the advisors.
$PUSH is available for purchase on all the major centralized crypto exchanges like Binance, Coinbase, WazirX, CoinDCX, Bitbns, etc.
Powered by EPNS
Disclaimer: The information provided in this article is solely the author’s opinion. The Content is for informational purposes only, you should not construe this information as legal, tax, investment, financial, or other advice. Do your own research and invest wisely.
