ECORISE Launches RISE Governance Token on TrustSwap

ECORISE is a revolutionary blockchain project that has directed the attention of decentralization towards ecological sustainability. The project has developed a land-based stablecoin known as the ECO token to incentivize the value of natural ecosystems of our world. The project changes to a two-token system by introducing the new RISE governance tokens. The initial offering of these tokens will go live on TrustSwap on May 10, 2022. 

The importance of stablecoins in DeFi is growing bigger every day. Given the high volatility of the crypto market, finding hedging methods within the market becomes essential. However, even the stablecoins available currently are not immune to inflation risks. ECORISE brings a viable alternative through the “appreciative assets held in the treasury.” These assets in the network include lands, lease agreements, carbon credits, and other cryptocurrencies. As the value of these assets in the treasury increases, so does the value of the ECO stablecoins. The network’s governance tokens would be reduced to take the impacts of volatility, creating a balanced ecosystem.

The network has a dedicated DAO to bring like-minded individuals and organizations to further the ideas of ecological sustainability and conservation. They will share data and technological aids to get price feeds for “carbon credits and co-benefit markets.” The platform will utilize the economic outlook of the natural ecosystem to reward the efforts taken toward ecological conservation. They lease or buy the real estate and tokenize them using NFTs, which will be preserved in the DAO’s decentralized vault. The collective ownership will help the constructive projects and bring sufficient funding.

The network uses a two token system to achieve the intended result. Firstly, the ECO stablecoin, whose value is pegged through decentralized oracles. Unlike other stablecoins found in DeFi, this token is not directly linked to fiat money. Rather, ECO is directly anchored to assets like lands to bring more stability and predictability. RISE, on the other hand, is the governance token used to take deflationary measures. You can trade for ECO for equal dollar value. This token is also used for making decisions or approving funding on ECORISE DAO.

The portal for the RISE token offering will be open for only 24 hours on May 10. Users can visit the TrustSwap Launchpad and begin by clicking the ‘start button. The subsequent steps will demand personal information and KYC verification. After registration, there will be a waiting period of 48 hours, during which there will be internal verifications. Upon successfully getting through the internal verification process, users will receive a mail with the maximum amount they can spend. Make payments within the next 24 hours. Otherwise, the chance would pass on to the next user in line.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

Related Articles

Back to top button