# ELT ECONOMY
The Ecolink token economy is centered around the Ecolink Token (ELT). ELT serves as the fundamental unit for various transactions and reward systems within the network.
#### Rewards
Both network contributors and users are rewarded with ELT.
#### Payment Method
ELT is used as a payment method across various Web3 applications and services.
#### Participation Incentives
Users can earn additional ELT rewards through quests and special events.
#### Staking
Users can stake ELT to earn additional rewards, enhancing the network's stability and security.
## ELT Issuance and Distribution
The issuance and distribution of ELT are designed as follows:
Community Rewards: 40% (Rewards for network contributors and users)
Foundation Holdings: 20% (Project operations and development)
Partnerships and Ecosystem Development: 20% (Support for collaborative projects and developers)
Team and Advisors: 15% (Rewards for team members and advisors)
Reserve: 5% (Contingency funds)
## Reward Structure
The Ecolink reward structure provides fair and transparent rewards based on network contributions and activities, encouraging user participation and promoting network growth and stability. Below is the detailed reward structure of Ecolink.
#### a. Network Contribution Rewards
Users are rewarded based on their contribution to the network by installing and operating Ecolink WiFi routers.
| Activity Type | Reward Criteria | Reward Value |
| :-----------------------: | :-----------------: | :--------------: |
| Network Usage Time | ELT reward per hour | 2 ELT per hour |
| Data Transfer Volume | ELT reward per GB | 1 ELT per GB |
| Number of Connected Users | ELT reward per user | 0.5 ELT per user |
#### b. Data User Rewards
Users who connect to Ecolink WiFi routers and use data also receive a certain amount of ELT as a reward.
| Activity Type | Reward Criteria | Reward Value |
| :-----------: | :---------------: | :------------: |
| Data Usage | ELT reward per GB | 0.5 ELT per GB |
#### c. Community Rewards
The system rewards users for participating in community activities, encouraging active involvement.
| Activity Type | Reward Criteria | Reward Value |
| :--------------------------------: | :-----------------------------------: | :----------------: |
| Providing Feedback | ELT reward for useful feedback | 5 ELT per feedback |
| Resolving Issues | ELT reward for solving network issues | 15 ELT per issue |
| Participating in Community Events | ELT reward for event participation | 10 ELT per event |
| Inviting New Users | ELT reward for inviting new users | 10 ELT per user |
| Completing Network Stability Tests | ELT reward for completing tests | 20 ELT per test |
#### d. Quest Rewards
Users can earn additional rewards by completing various quests provided by the Ecolink app.
| Activity Type | Reward Criteria | Reward Value |
| :--------------: | :--------------------------------------: | :-------------: |
| Quest Completion | Additional rewards upon quest completion | Varies by event |
#### Types of Quests
Inviting New Users: Invite new users to join the network.
Network Stability Testing: Test the network's stability and submit the results.
Other Special Events: Participate in special events held during specific periods.
#### Reward Values
Inviting New Users Reward: 10 ELT per user
Network Stability Testing Reward: 20 ELT per test
Other Special Event Rewards: Varies by event
#### e. Example Rewards Calculation
For instance, if a user contributes to the network as follows over a month:
| Activity Type | Reward Value | Total Reward |
| :----------------------------------: | :-------------------------------------: | :-------------------------------------------: |
| Network Usage Time: 100 hours | 100 hours \* 2 ELT/hour = 200 ELT | |
| Data Transfer Volume: 200GB | 200GB \* 1 ELT/GB = 200 ELT | |
| Number of Connected Users: 50 | 50 users \* 0.5 ELT/user = 25 ELT | |
| Providing Feedback: 10 | 10 feedbacks \* 5 ELT/feedback = 50 ELT | **630 ELT** |
| Resolving Issues: 3 | 3 issues \* 15 ELT/issue = 45 ELT | |
| Participating in Community Events: 2 | 2 events \* 10 ELT/event = 20 ELT | |
| Inviting New Users: 5 | 5 users \* 10 ELT/user = 50 ELT | |
| Network Stability Testing: 2 | 2 tests \* 20 ELT/test = 40 ELT | |
The Ecolink reward structure ensures that users are adequately rewarded for their contributions to the network, promoting the activation and sustainable growth of the Ecolink ecosystem.
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