ElseChain DAO Project Overview
ElseChain DAO is the decentralized management community of the ElseChain network.
The purpose of the ElseChain DAO is to provide trust and create new opportunities for the innovation and growth of the ElseChain blockchain.
Stages of development
In order to achieve this goal, ElseChain DAO will strive to achieve the following steps:
-Establish strategic partnerships with miners, developers, Web3 enthusiasts, and enter into venture partnerships with reputable industry organizations;
-Protect the ElseChain blockchain network with dedicated nodes and other security measures;
-Scale the ElseChain network to industry standards through the github repository and other trusted channels;
-Provide ElseCoin insurance and raise funds for the ElseChain blockchain through bonds, DeFi instruments and other financial derivatives.
-Promote and advertise ElseChain blockchain;
-Build network usage scenarios such as DeFi, NFT, metaverse, DAO, etc;
-Occasionally organize a hackathon to stimulate innovation in the ElseChain network.
ElseChain DAO tokens
DAO has two main tokens. A control token and a utility token.
Governance token.
Anyone who owns an ElseChain DAO management token becomes a stakeholder in the network and is allowed to vote on proposals and participate in decisions regarding the ElseChain network. This will be a fixed rate token backed by ElseCoin.
Utility Token.
The ElseChain DAO utility token is designed to fluctuate the price. Its main function is to allow tokens paired with it to have volatility. It will be backed by an offchain volatility token.
Tokenomics
Distribution of control tokens
Total supply: 10 million;
Primary market: 70%;
Investors: 30%.
Distribution of utility tokens
Off-chain liquidity: 50%;
Primary market: 28%;
Marketing: 9%;
Partnerships: 5%;
Hackathon: 5%;
Core team: 3%.
Project Resources
Twitter | GitHub | Telegram | Medium | YouTube | Whitepaper
