eSync Network Tokenomics
Empowering the Decentralized Economy: Understanding eSync Network's Tokenomics
What are Tokenomics?
Tokenomics outlines the economic principles of a cryptocurrency or digital token, covering creation, distribution, usage, and market value determination. It provides insights into the token’s ecosystem dynamics, aiding investors and users in understanding its growth potential and sustainability.
eCredits (ECS)
eCredits (ECS) is a native coin of eSync Network, a pioneering Layer 1 Blockchain, meticulously designed to bridge the gap between the theoretical potential of web3 projects and practical application in the real world.
eActivity (ACT)
eActivity (ACT) tokens are rewarded to users by eSync Network for specific actions. ACT are automatically deposited into the users eCredits Wallets and can be exchanged for ECS through a smart contract at scheduled intervals. Users can swap up to 5% of their ACT balance every 30 days.
V1 Tokenomics
Pre Burn
The maximum total supply of ECS was limited to 63,000,000,000 units. Circulating Supply: ECS circulating supply, comprising 18% of the total tokens, is actively tradeable on exchanges.
Initial eCredits (ECS) tokenomics right before the burn.
3.850.044.383,28
Circulating Supply = 6,11%
17.035.748.455,69
Project Treasury = 93,89%
63.000.000.000
Total Supply = 100%
The Token Burn
The burn, executed on March 20, 2024, at 1 PM (CET), substantially reduced the ECS supply.
52.425.801.384,47 ECS = 83%
Burned
This move decreased inflation, increased scarcity, and boosted ecosystem value, laying the groundwork for sustained growth and a healthier economic environment.
| V1 Tokenomics | Burn | V2 Tokenomics | |
|---|---|---|---|
| Circulating Supply | 3.850.044.383,28 ECS | 1.876.845.767,75 ECS | 1.973.198.615,53 ECS |
| Project Funds | 17.035.748.455,69 ECS | 8.435.748.455,69 ECS | 8.600.000.000,00 ECS |
| ACT Swap Funds | 42.114.207.161,03 ECS | 42.113.207.161,03 ECS | 1.000.000,00 ECS |
| Total Supply | 63.000.000.000 ECS | 52.425.801.384,47 ECS | 10.574.198.615,53 ECS |
Benefits of Token Burning
Token burning is crucial for maintaining a cryptocurrency’s value. Without it, the continuous issuance of new tokens could lead to inflation, diminishing purchasing power. Burning removes tokens from circulation, balancing out issuance and preventing inflation. This strategic tool fortifies the efficiency of blockchain ecosystems by reducing supply, mitigating inflation, and fostering stability.
V2 Tokenomics
Post Burn
The restructuring of eCredits’ tokenomics had significant impacts on minting, distribution, and burning processes.
These are the Tokenomics right after the burn.
1.973.198.615,53
Circulating Supply = 18,66%
8.600.000.000,00
Project Treasury = 81,33%
10.574.198.615,53
Total Supply = 100%
Projects Treasury Allocations
Legend
- Funds for private sale
- Funds for Ecosystem grants
- Funds for Community sale
- Core Contributors
- Airdrop and early backers
- Community Pool
- Remaining for allocation
- Remaining for allocation
Summary
On March 20, 2024, the eCredits (ECS) coin went through a substantial modification that affected the whole ecosystem’s economic model, the ECS token burn. The token burn resulted in considerable reduction in ECS supply with the following burn highlights:
V1 Tokenomics (Pre Burn)
Total Supply 63 Billion ECS.
V2 Tokenomics (Post Burn)
Total Supply after the burn on March 20 2024: 10.58 Billion ECS.
1.88 billion ECS were burned from the circulating supply.
An additional 8.4 billion ECS from the project treasury were also burned.
42 billion of the ACT Swap funds were burned.
The Token Loss Dynamic Reweighting (TLDR) accounts for 52.4 billion ECS, constituting 83% of the total ECS supply to be burned.
There is a provision for burning an extra 0.9 billion ECS, which represents 8.57% of the relevant amount.
Tokenomics
eCredits (ECS)
The maximum total supply of ECS was limited to 63,000,000,000 units. Circulating Supply: ECS circulating supply, comprising 18% of the total tokens, is actively tradeable on exchanges.
Initial eCredits (ECS) tokenomics right before the burn:
3.850.044.383,28
Circulating Supply = 6,11%
17.035.748.455,69
Project Treasury = 93,89%
63.000.000.000
Total Supply = 100%
eCredits (ECS)
The restructuring of eCredits’ tokenomics had significant impacts on minting, distribution, and burning processes.
These are the Tokenomics right after the burn:
3.850.044.383,28
Circulating Supply = 18,66%
17.035.748.455,69
Project Treasury = 81,33%
63.000.000.000
Total Supply = 100%