The Community Driven Store of Value
The Ecentiv token: Incentivizing token holders with deflationary tokenomics & Consensus-based funds
Read the Whitepaper of Ecentiv Currency
What sets Ecentiv apart from other crypto ecosystems?
The Ecentiv foundation stresses tokenomics and a strong community that will incentivize holders while giving more power to the average investor. Our approach is from an economic/ monetary standpoint in contrast to projects that focus on blockchain-based ecosystems with dapps, metaverses, etc. We strive to be an asset that will be a store of value while also giving back to the community and allowing for growth based on community desires. While advanced blockchain technologies aren’t out of the question for the Ecentiv community, it is our core value to provide an asset for our investors that will be a excellent long-term investment.
What inspired the creation
of the Ecentiv Token?
Various crypto projects offer basic token burns, programmable functionality, and stable value. But very few projects pursue deflationary a store of value and complete community consensus on how funds are spent.
The Ecentiv foundation considers the Terraform Labs debacle with the de-pegging of UST and Luna. We have witnessed the Terra Luna community calling for specific governance systems to be implemented within the Luna ecosystem, which was completely ignored. We will stray from such techniques of not listening to token holders in order to achieve selfish gains.
Ultimately, the Ecentiv foundation wants to create a new crypto ecosystem that will give the token holders what they desire while simultaneously creating a great investment opportunity from all angles.
The Ecentiv token provides a deflationary model while putting more power into the hands of token holders. This will be accomplished with transaction fees to implement a token burn and create a community fund. In turn, token holders can come to a consensus on how the Ecentiv community fund will be spent. This will go hand in hand with the Ecentiv roadmap. A quarterly vote will be held each year to decide how the community fund will be spent to:
Grow the Ecentiv ecosystem
*It is key for the Ecentiv foundation and the community as a whole to work together to create the best possible future for our project.
How will the Ecentiv Community benefit from the Community Fund?
There is no correct way for the community to use such funds to benefit token holders and is relative to the current market status, emotion/ambition of Ecentiv holders. To put into perspective how Ecentiv holders will benefit and use the community fund as follows:
Buy back and burn
Fund liquidity pool
Abstain funds for future developments
Advanced blockchain technologies (metaverse, defi, nft marketplace, etc)
Airdrop/Reflection of tokens the community desire’s (Binance Chain Related)
Revolutionary ideas (in depth consensus)
*All propositions above are possible with the voting of the community fund and will vary based on the combined consensus of all token holders.
What will fuel the Community Fund?
The community fund will be grathered from buy and sell fees of the ECV token as well ECV tokens used to vote on various proposals within the ecosystem.
How will voting work?
There will be one preliminary vote before the actual voting process that will take place one month before the community fund is spent implementing what is desired Via Reddit or Ecentiv website.
The combined implementation proposals will be gathered based on which votes were most engaged. The final vote will require some ECV to vote and occur one week before implementation. All ECV used to vote will be split 95 percent to the community fund and 5 percent to the Ecentiv Foundation. After the community has come to a consensus, the Ecentiv foundation will take the community/ voting funds to implement the community desired outcome
Max Supply 8,000,000,000
The Ecentiv foundation will regularly update our website’s token burn / community fund numbers. We will keep the community up to date on when community funds voting will start via our Telegram, Reddit, and Ecentiv website. If one wishes to see directly how such funds are being transferred, all are available in the following links below:
Buy and Sell Tax Fees
Binance Smart Chain
Foundation burn will be halted at once remaining supply has reached 100,000,000 ECV.
The 2% burn fee will be added to the community fund fee for a total of 8% once burning has halted.
Token Conceptualization and Website Design
Marketing and Community Growth
Token Utility Action Plan
The Ecentiv foundation firmly believes an asset is nothing without a strong community. With the use of combined investors, the sky is the limit for the growth of the Ecentiv token. We forsee Ecentiv as a sister coin to Bitcoin that will serve the community and provide economic value to its investors.
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