Ethereum Chain Token price

ECT

Ethereum Chain Token follows in the footsteps of similar projects by employing a standard 10% fee for every conducted transaction. 5% of each transaction is distributed to holders, with the other 5% continuously added to the liquidity pool, “creating a steady rising price floor” in the team’s words. This mechanism of rewarding holders at the expense of new transactions has been employed by many deflationary token projects similar to Ethereum Chain Token.

Although it does create all the right incentives for holders, its success is dependent on creating a community-driven effort to get enough people to buy the token, something which is easier said than done.

The project’s roadmap appears to be fairly standard, with Ethereum Chain Token promising more exchange listings and community contests, as well as partnerships and charity programs. However, no details are given and whether the team will fulfill these promises remains to be seen. This also applies to the promised Ethereum Chain Token Wallet App creation on iOS and Android in Q4 2021, which requires a strong developer effort by the team.

The total supply of ECT is 100 billion. 20% of that supply is to be burned, with another 30% to be locked as liquidity. The developer wallet holds 25%, which is locked for six months, and the remaining 25% is being used for marketing. It is worth mentioning that Ethereum Chain Token, unlike other deflationary tokens with a similar structure, does not have a limit on how many coins a single wallet can hold or how many coins can be sold at once.

This makes it more whale-friendly than comparable projects, which can be both an advantage and a disadvantage, depending on your investment approach. It should also be mentioned that the developer wallet of the Ethereum Chain Token project is slightly bigger than that of other deflationary projects, implying the community displays a high degree of trust in the project.

The Ethereum Chain Token is an ERC-20 token on Ethereum. The project website does not provide any information regarding a security audit.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and ambitious projects like Ethereum Chain Token to launch on. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Check out Ethereum (ETH) — one of the most popular cryptocurrencies on the market.

Check out Ethereum Classic (ETC) — a popular fork of Ethereum.

Read our in-depth article about Ethereum Chain Token

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