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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