Greetings IC fam, it’s the EKOKE team! We’re thrilled to announce our upcoming SNS DAO proposal!
EKOKE is ready to unveil its SNS DAO and will initiate decentralized real estate operations once key milestones are met. Below are vital aspects of our journey.
What is EKOKE?
EKOKE is an innovative tool that aims to revolutionize the real estate industry. Here are some key points about EKOKE token:
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Tokenization of Real Assets: Ekoke token focuses on the tokenization of real assets, allowing digital representation of real estate properties. Doing so enables fractional ownership and liquidity in the real estate market.
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NFT Market Integration: Ekoke token also contributes to creating an NFT (Non-Fungible Token) market dedicated to real estate. NFTs represent unique digital assets and can be linked to specific properties, providing a new way to trade and invest in real estate.
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Built on ICP Blockchain: Ekoke token is built on the ICP (Internet Computer Protocol) blockchain, which ensures security, efficiency, and reliability for real estate transactions. The ICP blockchain offers velocity and robust document conservation.
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Finite Supply and Deflationary Mechanism:
- Ekoke Token has a limited quantity of 8.880.101 pieces, designed to resist inflationary pressures.
- It employs a deflationary economic model, leading to a decrease in circulating supply over time. This scarcity enhances its potential as a defense mechanism against inflation.
- The token’s extended 99-year lifespan adds stability, serving as a long-term hedge against inflation trends.
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Autonomous Governance by DAO: As Ekoke Token evolves, it transitions into an autonomous phase managed by a Decentralized Autonomous Organization (DAO). This decentralized governance structure enhances transparency and resiliency.
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Rewards for Digital Property Holders: Ekoke Token serves as a rewarding instrument for holders of digital assets. Investors participating in the Ekoke ecosystem may benefit from its deflationary nature and potential value appreciation over time.
Proposed Token Distribution
Total Supply: 8 million EKOKE tokens
Initially distributed:
- 24%: Reserved for the EKOKE DAO Treasury
- 30%: Reserved for NFT rewards
- 12%: Allocated for swap to decentralize governance and raise funds for the SNS.
- 15%: Allocated to the EKOKE team and advisors with a dissolve delay of 6 months. These neurons will be vested quarterly over 48 months following the SNS Swap, distributed equally each quarter
- 3%: Allocated to investors, vesting over 24 months.
- 1%: Allocated to airdrop.
- 3%: Allocated to LBP Pool.
- 3%: Allocated to ERC20.
Ledger transaction fee: 0,00001 EKOKE token
Governance
Every participant involved in the decentralization swap, including the Neuron Fund, will be granted tokens distributed across 5 EKOKE neurons of identical value. Each neuron will possess dissolve delays staggered at 0, 3, 6, 9, and 12 months respectively.
The EKOKE team and its advisors will be allocated tokens through a bundle of 16 neurons, each with a dissolve delay of 6 months. These neurons will undergo quarterly vesting over 48 months post-SNS Swap, with equal proportions disbursed each quarter. No EKOKE tokens will be allocated to the team and advisors during the SNS Swap.
Private Sale investors will be provided with a set of 12 tokens in the form of equivalent neurons. These neurons will not have any dissolve delays and will unlock linearly from 0 to 11 months post the SNS swap, with equal proportions unlocked each month.
Transaction fees in EKOKE tokens that must be paid for ledger transfers | 1.000 e8s |
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Number of EKOKE tokens that a rejected proposal costs the proposer | 0,0128 |
Minimum number of EKOKE tokens that can be staked in a neuron | 5 |
Maximum voting period for a proposal | 4 days |
Proportion of voting power needed for a proposal to be accepted | 3% |
Minimum neuron dissolve delay to vote | 6 months |
Maximum dissolve delay bonus | 2x |
Maximum age for age bonus | 6 months |
Maximum age bonus | 1.25x |
Percentage of total supply that will be generated annually for rewards | 1.50% |
SNS Swap
12% of the total supply of EKOKE tokens is proposed to be distributed via an SNS decentralization swap.
Swap participation parameters:
The total number of EKOKE tokens to be swapped | 1.065.612 | 121 |
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The maximum ICP to be raised | 888’111 | |
The maximum ICP of Neurons fund | 369’000 | |
Maximum ICP per participant | 369’000 | |
Minimum number of swap participants | 369 | |
The minimum ICP to be raised (otherwise swap fails and icp returned) | 30’000 | |
Minimum ICP per participant | 0,6 |
For more details and the latest updates on EKOKE,
you are welcome to check out our whitepaper,
visit our Twitter,
and talk with us on Telegram