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.
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.
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.
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.
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:
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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