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What is Eco?
The Eco Currency is intended to serve as a decentralized alternative to fiat currencies. Other cryptocurrencies either fix their monetary policies and admit exchange rate volatility, or attempt to limit volatility and achieve dollar parity through various policies.
Eco does not treat dollar-parity as a proxy for utility. Eco is a free-floating currency designed to achieve its aims through monetary policy transparently established and managed by a representative group of governing Trustees who are elected by the community of Eco holders. Trustees have one core mandate: to maximize the wealth held in ECO. As with many other token systems, Eco currency holders are also empowered to vote on community proposals and protocol upgrades.
Eco features two tokens: the variable supply base currency (ECO), and a deflationary supply token (ECOx) intended to incentivize long-term holders and bootstrap an open market signaling expectations for ECO adoption. These tokens, together with the various contracts and components that support them, form the Eco Currency Protocol.
What makes Eco unique?
Real Consumers use Eco
Weve been waiting a decade for someone to build a bridge for the mainstream world to benefit from crypto. Starting with the Eco App and its network of partners, products built on top of Eco do exactly that — and it's only the beginning. More are in the works, giving everyone access to crypto-powered financial services while onboarding them to the Eco Currency.
Real Community drives adoption
The community building and supporting Eco is unlike any other. Its a wildly active, inspiring and driven group unified by one goal: to further adoption of Eco. From deep economic discussion to creative content, youll find a place in the Eco Community.
Real Governance makes it work
Ecos currency, $ECO, is governed by its own monetary policy much like the fiat currencies we use every day. But instead of a far-removed central bank setting the policy, an elected group of Eco users (called Trustees) does so — using better data and better tools, with clearer incentives.
What are the two tokens?
Within the Eco Currency system, there are two tokens. $ECO is the currency itself — governed by its community, with the goal of building an independent currency for saving and spending. $ECOx is the secondary token meant to bootstrap governance and liquidity for the system.
$ECO is the base currency for spending and saving, with supply governed by monetary policy.
$ECOx is the secondary asset for ensuring sound governance and supporting responsible growth.
Answers
What is Eco?
The Eco Currency is designed to be a decentralized alternative to fiat currencies. Unlike other cryptocurrencies, Eco does not rely on fixed monetary policies or attempt to achieve dollar parity. Instead, it is a free-floating currency that aims to achieve its goals through transparent monetary policy established and managed by a group of elected Trustees. The core mandate of the Trustees is to maximize the wealth held in ECO. Eco currency holders also have the power to vote on community proposals and protocol upgrades.
Eco consists of two tokens: the variable supply base currency (ECO) and a deflationary supply token (ECOx). The ECO token is meant for spending and saving, while the ECOx token is intended to incentivize long-term holders and bootstrap governance and liquidity for the system. Together, these tokens, along with the supporting contracts and components, form the Eco Currency Protocol.
What makes Eco unique?
What are the two tokens?
Within the Eco Currency system, there are two tokens. The base currency is ECO, which is governed by the community and aims to create an independent currency for saving and spending. The secondary token is ECOx, which is used to bootstrap governance and liquidity for the system and ensure responsible growth.
ECO is the primary currency for spending and saving, with its supply governed by monetary policy. ECOx, on the other hand, supports sound governance and responsible growth.
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