1eco coin is an ERC-20 governance coin for the 1eco ecosystem. 1eco coin are issued to decentralize ownership and governance of the 1eco ecosystem.
Participants must stake 1eco coin to participate and influence in policy proposals and major policy decisions for the development of the 1eco ecosystem, and also participate in DID node operation to make the ecosystem run efficiently.
The world pursued by 1eco aims for a decentralized ecosystem. 1eco aims to combine decentralized governance and incentive systems through staking.
1eco ecosystem participants (Residents, Citizens, Business Owners, Alliance Partners) who staked 1eco coin can participate in ecosystem decentralized governance voting and receive staking rewards.
1eco will build a [Community Treasury] that will be operated by decentralized governance. Until it is fully decentralized, the Foundation will be in charge of the operation. The assets of the [Community Treasury] will be used according to the governance decisions.
The assets of the [Community Treasury] will be accumulated by all revenue generated within the 1eco ecosystem.
Staking rewards are paid every week after the 18th month and are escrowed until the end of the deposit period, and ownership is confirmed when the expiry of the escrow period ends. After decentralized governance is established, the staking rewards will be automatically distributed by the smart contract. Detailed reward policies for stakers will be determined later after ecosystem decentralized governance is established.