Echelon is a decentralized autonomous organization (DAO) that is governed by smart contracts, fixed protocols and community votes on the Binance Smart Chain (BSC). All decisions made in or by the Echelon DAO will first be proposed and voted on by the Echelon DAO board members (community token holders) and then implemented by the Echelon development team.
ECHO is a utility token distributed to the community through the Echelon DAO. By holding at least 21 ECHO, you are eligible to vote on the products developed by Echelon DAO. Furthermore, ECHO will be integrated into our products, promoting the HODLing thereof.
The aim of Echelon DAO is to create a sustainable platform from which community voted products are developed and launched. Echelon DAO’s first product is EchoSwap ( https://echoswap.app ), an innovative pancakeswap fork with unique features to distinguish it from the current BSC DEXs out there. One such feature is leveraged staking.
Echelon DAO is not limited to one product but is continually developing and launching new products that the DAO represents.
Token name: ECHO
Initial/Max supply: 2.1mil
Total/current supply: 2.07 mil
Circulating supply (time of writing this): 777,314 ECHO
ECHO has no minting function, only a burning function. The reason for this is to increase the demand for ECHO overtime through deflationary burning of ECHO.
The token is divided into three main wallets:
– the Dev supply (400k),
– DAO supply (500k) and
– Public supply (1.2m)
The 90% of the Dev supply is currently locked. This is used to fund development and administration costs.