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Tokenomics

harpy-wings edited this page Aug 29, 2023 · 2 revisions

Total Token Supply : 100,000,000

Token Digits : 6

Quarter 0 1 2 3 4 5 6 7 8 9 10
Investors 0 0 0 3125000 6250000 9375000 12500000 15625000 18750000 21875000 25000000
Company 0 0 0 2500000 5000000 7500000 10000000 12500000 15000000 17500000 20000000
Team 0 0 0 1500000 3000000 4500000 6000000 7500000 9000000 10500000 12000000
Liquidity 0 0 0 1875000 3750000 5625000 7500000 9375000 11250000 13125000 15000000
Treasury 0 0 0 1875000 3750000 5625000 7500000 9375000 11250000 13125000 15000000
Capital 13000000 13000000 13000000 13000000 13000000 13000000 13000000 13000000 13000000 13000000 13000000
Total Released 13000000 13000000 13000000 23875000 34750000 45625000 56500000 67375000 78250000 89125000 100000000

Initial Distribution

The initial distribution of ECTA tokens includes various stakeholders such as initial investors, the team, and the company itself. The tokens allocated to these parties will be subject to vesting schedules to promote long-term commitment and alignment with the project's goals. you can read more about token distributions here.

Utility

The ECTA token serves as major utility alongside of other stable token like USDT, within the EchoTrade ecosystem. it is used to staking to having some share of profits gained by the platform.

Basket Trading and Profit Sharing

EchoTrade offers a platform where Basket creators can manage and trade with the funds invested in their Baskets. When profitable trading occurs, the gained profit from the market is shared among the Trader (Basket creator), the Investor, and the ECTA token Stakers.

The ECTA token plays a pivotal role in distributing the profits gained from the trading of Baskets. These profits are proportionally shared with ECTA token holders based on their ECTA token staked balance. Holders with larger ECTA balances receive a higher share of the distributed profits, aligning rewards with the level of token ownership.

Token Burning and Staking

Staking and burning ECTA tokens will control the liquidity and price of the token in market. in burning, under certain conditions, a portion of ECTA tokens can be permanently removed from circulation. Additionally, considering the emphasis on long-term engagement, the staking mechanism introduced to encourage holders to lock up their tokens for a specific period in exchange for rewards and benefits.

Alignment With Project Goals

The ECTA tokenomics aims to incentivize participation, investment, and engagement within the EchoTrade ecosystem. By rewarding both traders and investors with a share of the profits gained from successful trading activities, the token promotes collaboration and growth. The distribution of profits to token holders aligns incentives and encourages the accumulation of ECTA tokens, fostering a community of stakeholders with a shared interest in the platform's success.