1ECO Token
Governance Token
Introduction
1eco token is an ERC-20 governance token for the 1eco ecosystem. 1eco token are issued to decentralize ownership and governance of the 1eco ecosystem.
Staking
The world pursued by 1eco advocates a decentralized ecosystem. Through staking, 1eco aims to combine decentralized governance and incentive systems. Participants in the 1eco ecosystem (Residents, Citizens, and Business Operators) who stake 1eco token can participate in ecosystem decentralized governance voting and receive staking rewards.
Community Treasury
1eco will build a [Community Treasury] that will be operated by decentralized governance. Until it is fully decentralized, the Foundation will be in charge of the operation. The assets of the [Community Treasury] will be used according to the governance decisions.
The assets of the [Community Treasury] will be accumulated by all revenue generated within the 1eco ecosystem.
Staker Rewards
After decentralized governance is established, the staking rewards will be automatically distributed by the smart contract. Detailed reward policies for stakers will be determined later after ecosystem decentralized governance is established.
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