DAO and Token

The ecoToken DAO aims to be the infrastructure for ecoCredits on the blockchain, enabling seamless transactions of ecoCredits across various blockchain networks. It operates with ecoToken as its core utility and governance token, facilitating transactions, incentivizing stakeholders, and ensuring constant liquidity in the ecosystem.

Mission:

To create a sustainable, decentralized, incorruptible, and efficient global marketplace for environmental credits, harnessing the power of blockchain technology to facilitate cross chain transfers and accelerate the adoption of environmentally beneficial on chain practices.

Vision:

To become the backbone of blockchain-based ecoCredits. The ecoToken DAO envisions a world where transferring ecoCredits across blockchains is as seamless as sending an email, enabling widespread adoption and integration into various digital ecosystems.

Functionality:

As the API is integrated into more platforms, offsets will be batched so that the DAO has more buying power to bulk purchase credits. As the DAO is ready to purchase, an AI would weigh the purchase options put forward by the DAO to determine which credits are the highest impact per dollar and make the given purchases. Once the retirements take place, the retirement certificates go to the DAO, and NFT Impact Certificates are given to each funder to show their impact.

Utility of ecoToken:

- Staking Rewards: 20% of all protocol and treasury revenue will be dedicated to ecoToken staking rewards, encouraging holders to actively participate in the ecosystem.

- Liquidity Pool Contributions: Another 20% of revenue will be allocated to bolster the liquidity pool, ensuring the smooth exchange of ecoTokens within the market.

- Post-Distribution Liquidity: After the ecoToken distribution is complete, the 20% formerly allocated for liquidity will be used to purchase ecoTokens. This will facilitate continued distribution to credit providers and maintain token liquidity.

The DAO’s Strategic Objectives:

1. Market Accessibility: Make environmental credits more accessible by integrating them into a wider range of blockchain networks.

2. Community-Driven Governance: Develop a decentralized governance model that reflects the community’s interests and empowers stakeholders.

3. Sustainable Growth: Ensure sustainable growth of the ecoToken DAO by reinvesting revenue in the ecosystem and pursuing strategic partnerships.

4. Technological Advancements: Continuously innovate to maintain the DAO’s position as a leading platform for the exchange of ecoCredits.

Financial Strategy:

- Revenue Generation: Through protocol fees, sales of credits, and strategic partnerships.

- Expenditure Management: Balancing development costs, AI system maintenance, liquidity pool funding, and rewards distribution.

Token details:

Ticker: eco

Blockchian: Solana SPL

Fully diluted supply: 1,000,000,000 hard capped

Initial distribution including vesting: 400,000,000

Governance: Custom and multi-chain

Distribution: TBD

Airdrop: Based on individual and community impact scores