Ethereum Chain Token price today, ECT to USD live, marketcap and chart | CoinMarketCap

To learn more about this project, check out our deep dive on the ethereum chain token.

what is ethereum chain token (ect)?

the ethereum chain token is a self-proclaimed fair cryptocurrency that wants to create a system where only ownership produces rewards. in essence, it is a hyperdeflationary currency that aspires to be a store of value. the team claims to have raised $500,000 in funds, to be used in a social media campaign to raise awareness among high-profile celebrities. its roadmap promises exchange listings, charity programs, partnerships, and community contests, which are in line with its advertised community-driven approach.

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who are the founders of the ethereum chain token?

The founders of ethereum chain token chose to go the way of many other hyperdeflationary currencies and remain anonymous. the project emphasizes being 100% community driven and using a fair release to distribute the tokens. which is notable for its retention and earning structure that is geared towards returning transaction fees to existing coin holders.

what makes the ethereum chain token unique?

The ethereum chain token follows in the footsteps of similar projects by employing a standard fee of 10% for each transaction made. 5% of each transaction is distributed to holders, and the other 5% is continually added to the liquidity pool, “creating an ever-increasing price floor” in the words of the team. This mechanism of rewarding holders at the expense of new transactions has been employed by many deflationary token projects similar to tokens on the Ethereum chain.

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

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The project roadmap appears to be fairly standard, with the ethereum chain token promising more exchange listings and community contests, as well as partnerships and charity programs. however, no details are given and it remains to be seen if the team will deliver on these promises. This also applies to the promised Ethereum chain token wallet app build on iOS and Android in Q4 2021, which requires a lot of developer effort from the team.

related pages:

Take a look at ethereum (eth), one of the most popular cryptocurrencies on the market.

check out ethereum classic (etc) — a popular fork of ethereum.

read our detailed article on the ethereum chain token

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how many ethereum chain token coins (ect) are there in circulation?

the total supply of ect is 100 billion. 20% of that supply will be burned and another 30% locked up as liquidity. the developer wallet holds 25%, which is locked for six months, and the remaining 25% is used for marketing. It is worth mentioning that the 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 one time.

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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 larger than that of other deflationary projects, which implies that the community shows a high degree of trust in the project.

how is the ethereum chain token network protected?

the ethereum chain token is an erc-20 token on ethereum. the project website does not provide any information about a security audit.

erc-20 is a standard token that most new tokens follow when they are published 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 the ethereum chain token. it is secured by a proof-of-work consensus mechanism that requires miners to mine fresh ether. a set of decentralized nodes validates transactions and secures the ethereum blockchain.

when will the ethereum chain token swap start?

Ethereum chain token trading began on July 20, 2021. It reached an all-time high on August 2. 1 and has a fully diluted market cap of $19 million as of August.

can the ethereum chain token reach $0.01?

The ethereum chain token started with a supply of 100 billion ect, which made a $0.01 valuation a tall order. however, comparable projects have reached the $1 billion market capitalization that would be needed to reach this price, so it is not out of the question that the ethereum chain token will achieve something similar.

where can i buy ethereum chain token (ect)?

ect is available on uniswap. If you want to learn more about how to start buying cryptocurrencies, you can read more here in our guide.

See also: Ethereum Could Flip Bitcoin’s Market Cap by 2027, Industry Experts Say

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