What does the ecoToken System do?
The ecoToken System (ecoSystem) is a launch pad for real-world environmental projects as well as an environmental credit producer and seller. EcoToken aims to bring economic incentives to projects that make an environmental impact.
All ecoProjects listed on the ecoToken System website are carefully vetted by the team for viability, environmental impact, and estimated rewards.
Before a project is posted for funding, ecoToken will provide an estimated return for funders based on the revenue and environmental credits the project will generate. Once a project has met its funding goals, the funds are transferred to projects, and they can begin.
Users can plant and stake their ecoTokens towards an environmental project on the ecoSystem website.
ecoTokens can be purchased using a variety of cryptocurrencies. Only ecoTokens can be used to stake on the ecoSystem; however, other cryptocurrencies can be planted to projects.
The ecoToken itself is a deflationary token, hard-capped at 1 billion tokens. When a project meets its funding goals and is in progress, the ecoTokens are locked for a specified period.
ecoSystem projects generate environmental credits. These credits are sold to individuals and corporations looking to offset their environmental impact.
As environmental credits are sold, the revenue will be used to purchase ecoTokens. 1% of those purchased ecoTokens will be burned and 1% distributed to liquidity providers. The remaining tokens are distributed to the funders of the project.