What Is Ethereum Chain Token (ECT)?
Tech Deep Dives

What Is Ethereum Chain Token (ECT)?

By Jinia Shawdagor
2mo ago
3m

CoinMarketCap takes a deep dive into Ethereum Chain Token (ECT), a project that aims to empower the crypto community using a reward mechanism.

What Is Ethereum Chain Token (ECT)?

Table of Contents

Launched with a total supply of 100 billion, Ethereum Chain Token (ECT) claims to revolutionize the passive income capacity of crypto holders across the crypto landscape. This ERC-20 token has been designed to be a store of value that benefits all its users and holders. This smart-contract-based cryptocurrency aims to improve several fronts. It claims to break the barriers among merchants, users, and miners with an elegant solution that will make it easy for merchants to integrate Ethereum Chain Token (ECT) into their existing platform.

Ethereum Chain Token (ECT) Price

At the time of writing, the price of ECT token is set at $0.0001947, with a notable 12.15% growth in the last 24 hours. Ethereum Chain Token (ECT) has a fully diluted market cap of over $19.5 million. 

Who Created Ethereum Chain Token (ECT)?

Ethereum Chain Token (ECT) is an emerging community-based crypto asset. Although the project is new, there has been a great deal of support from its community. The team consists of an anonymous group of individual developers. So far, the project has raised $500,000 in funding and is set to use the part of the funds in the project's marketing while engaging the endorsements of high profile celebrities. 

What Does The Ethereum Chain Token (ECT) Offer?

The Ethereum Chain Token (ECT) network incorporates a reward mechanism that issues tokens to holders who HODL $ECT. The more $ECT you have in your possession, the greater your rewards become! This system is designed to create a community of loyal and faithful believers that are rewarded for their support. 
Moreover, Ethereum Chain Token’s platform is designed to be self-sustaining and self-perpetuating. The more holders there are, the higher the value of each token will be. An increase in the number of holders will boost the number of transactions on the network that will result in an increase in the value of each token.
On top of that, Ethereum Chain Token (ECT) plans to automatically generate liquidity on the Uniswap DEX as $ECT holders continue to grow their balance. The team plans to lock 30% of its liquidity for the next six months. Ethereum Chain Token (ECT) also plans to support charity programs and set up community contests for the growth of its platform.

What Is The ECT Token?

The ECT token is an ERC-20 deflationary token with a maximum supply of a 100 billion. According to Ethereum Chain Token (ECT)'s site, 20% of ECT tokens are set to be burned, with another 30% locked for funding liquidity on the platform. Out of the 100 billion tokens, 25% will be locked in a dev wallet for six months, and the remaining 25% will go to marketing and platform growth.

How Does Ethereum Chain Token (ECT) Work?

Ethereum Chain Token (ECT) operates as a fully community-owned platform with a transparent and reliable ERC-20 token capable of providing sufficient liquidity for a thriving crypto community. Although it was developed by a team of developers, the platform is set to grow through advanced marketing strategies and partnerships.

Where Can You Buy Ethereum Chain Token (ECT)?

Currently, you can buy Ethereum Chain Token (ECT) on Uniswap

When Will Ethereum Chain Token (ECT) Hit $1?

Ethereum Chain Token (ECT) is a newly released project and even though the $ECT token has seen some traction with a price appreciation in the past few days, there isn’t enough data to predict the token’s future price. To accurately predict any market, factors, such as current circulating supply and the public’s interest in the market, are required.

In A Nutshell

With a clear roadmap and the backing of a growing community, Ethereum Chain Token (ECT) holds the promise of achieving its goals and empowering a community of crypto enthusiasts. The project comes with several incentives that are beneficial to the crypto sphere at large.

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