ECORISE is a revolutionary blockchain project that has shifted the focus of decentralisation to ecological sustainability. The project has created the ECO token, a land-based stablecoin, to incentivize the value of our planet’s natural ecosystems. By introducing the new RISE governance tokens, the project transitions to a two-token system. On May 10, 2022, the initial offering of these tokens will go live on TrustSwap.
Stablecoins are becoming increasingly important in DeFi. Given the crypto market’s high volatility, finding hedging methods within the market becomes critical. Even stablecoins, which are currently available, are not immune to inflation risks. ECORISE provides a viable alternative in the form of “appreciative assets held in treasury”. Land, lease agreements, carbon credits, and other cryptocurrencies are examples of network assets. The value of the ECO stablecoins rises in tandem with the value of these treasury assets. To mitigate the effects of volatility, the network’s governance tokens would be reduced, resulting in a more balanced ecosystem.
The network has a DAO dedicated to bringing together like-minded individuals and organisations to advance the ideas of ecological sustainability and conservation. They will share data and technological resources in order to obtain price feeds for “carbon credits and co-benefit markets”. The platform will use the natural ecosystem’s economic outlook to reward efforts made toward ecological conservation. They lease or purchase real estate and tokenize it with NFTs, which are stored in the DAO’s decentralised vault. Collective ownership will aid in the development of constructive projects and provide adequate funding.
To achieve the desired result, the network employs a two-token system. The first is the ECO stablecoin, whose value is determined by decentralised oracles. This token, unlike the other stablecoins in DeFi, is not directly linked to fiat money. Rather, to increase stability and predictability, ECO is directly anchored to assets such as lands. RISE, on the other hand, is the governance token that is used to implement deflationary policies. You can exchange ECO for a monetary equivalent. This token is also used on ECORISE DAO to make decisions and approve funding.
On May 10, the RISE token offering portal will be open for only 24 hours. Users can access the TrustSwap Launchpad by clicking the ‘start’ button. Personal information and KYC verification will be required in the following steps. Following registration, there will be a 48-hour waiting period during which internal verifications will take place. Users will receive an email with the maximum amount they can spend after successfully completing the internal verification process. Payments must be made within the next 24 hours. Otherwise, the opportunity would be passed on to the next user in line.
