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  • Introduction
  • Staking
  • Community Treasury
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  1. Token Economy

1ECO Token

Governance Token

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Last updated 1 year ago

Introduction

1eco token is an ERC-20 governance token for the 1eco ecosystem. 1eco token are issued to decentralize ownership and governance of the 1eco ecosystem.

Role

  • ERC-20 Governance Token

Acquistition

  • Acquired from cryptocurrency exchange

Purpose

  • Staking

  • Voting right exercise (limited to staking users)

  • Key currency in the ecosystem

  • Payment method for users to acquire citizenship

  • Payment method for businesses to acquire 1BIZ

Staking

The world pursued by 1eco advocates a decentralized ecosystem. Through staking, 1eco aims to combine decentralized governance and incentive systems. Participants in the 1eco ecosystem (Residents, Citizens, and Business Operators) who stake 1eco token can participate in ecosystem decentralized governance voting and receive staking rewards.

Community Treasury

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.

Staker Rewards

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.