1) Congratulations To our entire community for successfully completing phase 1 of ECC where we went from simply being an idea to becoming one of the largest communities in crypto space with millions of community members all across telegram , twitter , facebook , medium etc
Now its time for phase 2.0 for ECC with all updated info and tokenomics for all of you
Tokenomics
Current Statistics
Current Average Staking Rewards. : 14 % + 22 % Of 14 % Paid out as daily matching rewards = 17 % Monthly Approx
2) Steps Being Taken To Ensure the longevity of the affiliate model which is important for growth of community and to reduce the emission of coins from community rewards pool over a period of time so existing coins in circulation become more and more valuable
3) With immediate effect we are moving to staking rewards being paid out based on # of ECC coins staked and not USD amount staked so the mathematical formula is not dependent on market price fluctuations but rather works on tokenomics
So if you have 10,000 ECC coins staked and you are at 10 % slab - so you get 1000 coins monthly as staking rewards paid daily
This is the standard practise across the board from ETH 2.0 staking to cake staking to any kind of staking pools across all crypto platforms
4) The staking rewards will be reduced every month by small % ensuring that the 600 million tokens available in community rewards pool last a long long period of time....
These are approx % and not final figures and will always be determind as per the current numbers at beginning of every month
This ensures less and less ECC coins being paid out over a period of time thereby making the $ of coins in circulation more and more valuable and ensures that the 60 % rewards pool lasts a very very long time so we can create the biggest crypto community in the entire world
5) ECC Token burning mechanism
Our single biggest focus for remainder of 2021 and 2022 is to establish use cases of ECC coin and implement a coin burning mechanism which decreases the coins in circualtion overtime thereby increasing the value
6) Launch of ECC Crypto Trading Bots which you will be able to connect to your Crypto Exchange trading accounts and generate passive profits by letting bot do all the hard work for you
10 % of every user's trading profits will go to buy back ECC coins and burn them
Expected Launch Date : Q4 2021
7) Launch of ECC Crypto trade signals product where you will be able to follow trade signals from industry top traders to trade yourself effectively
10 % of all products sold will be used to buy back ECC coins and burn them
Expected Launch Date. : Q4 2021
8) 10 % of all future fund raised to be used to buy back ECC coins and burn them ( October will be a big month for fudn raising for our upcoming NFT marketplace platform )
Expected Launch Date : October 3rd to 4th week
9) Upcoming Play To Earn games where ECC will be used as ingame currency and burned on a daily basis based on profits generated by players
Expected Launch Date : Q1 - 2022
10) Upcoming ECC - EIFI , ECC-PWT staking pools in EIFI Dex platform which is almost ready to be released which will have more and more ECC coins being staked thereby increasing the value of coins in circualtion even more
Expected Launch Date : Mid October 2021
In Closing we would like to say that we are just getting started and when you think about this ecosystem - think long term
