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.