# Ec³
**Ec³ (Energy Plug) is dedicated to creating a DePIN network based on distributed energy interaction, designed to collect data from all discharging devices.**
**Visit the** [**official website of ec-3**](https://www.ec-cube.io/) **for a quick start.**
# 1. The Pain Points to Resolve
### **Centralization of Energy Flow**
Traditional energy systems are often centralized, which limits the distribution of energy and individual participation. Ec³ aims to decentralize the flow of energy by leveraging blockchain technology and distributed storage solutions, making energy flow more dispersed and flexible.
### **Growth in Energy Storage and Demand**
With the rapid growth of renewable energy and electric vehicles (EVs), there is an increasing demand for energy storage. Ec³, through its DePiN network, aims to support and accelerate the growth of energy storage capacity to meet this demand.
### **Subsidy-Driven Growth**
Many energy projects rely on government subsidies, which can lead to market participants depending on subsidies rather than innovation and efficiency. Ec³ offers a new incentive model that encourages users to maximize electricity utilization through self-consumption and participation in demand response (DR) activities, reducing reliance on subsidies.
### **Complexity in Energy Trading and Distribution**
Traditional energy trading and distribution systems may be inefficient and costly. Ec³ provides a simplified, blockchain-based method for energy trading and distribution, enhancing transparency and efficiency.
### **Liquidity and Value of Energy Assets**
Ec³ addresses the issue of liquidity and value of energy assets by transforming its energy storage solutions into super nodes and turning surplus solar energy into valuable assets. This provides users with new revenue streams and encourages more active participation in the energy market.
### **Personalization and Optimization of Energy Management**
Ec³ offers personalized energy management advice through its AI agent in the Ec³ app, helping users optimize their charging and discharging plans based on real-time energy market prices and charging station capabilities, thus improving energy utilization efficiency.
# 2. Ec³ Mission
Ec³ (Energy Cube) is dedicated to creating a **DePIN network based on distributed energy** **interaction**, designed to collect data from all discharging devices.
The development of Ec³ will be divided into **three phases.**
### Phase 1
In the first phase, We will focus on Home Energy Storage Systems as Energy Nodes (Batteries, Inverters).
### Phase 2
Phase2 will involve Agile and Mobile Distributed Energy Storage Devices (New energy electric vehicles).
### Phase 3
In Phase 3, all Any Discharging Devices will become distributed nodes of ec3 (Portable power banks, UPS (UninterruptiblePower Supply), Gas Discharge Lamps, Laptop, etc.).
# 3. Product Summary
**Product Overview**
The Energy Cube (Ec³ Plug) is a cutting-edge device designed to facilitate the transition to a decentralized and sustainable energy ecosystem. It serves as a node within the Ec³ network, enabling users to participate in the global energy market by optimizing energy consumption and production.
### **Core Features:**
* **Home Energy Storage Systems:** Ec³ integrates with home energy systems, including batteries and inverters, to store renewable energy and enhance self-consumption.
* **Agile and Mobile Energy Storage:** The device supports a variety of energy storage options, including portable power banks, UPS systems, and other discharging devices.
* **Blockchain-Based Trading:** Utilizing blockchain technology, Ec³ allows for the tokenization of energy, enabling users to trade and distribute energy in a secure and transparent manner.
* **Decentralized Incentive Model:** Users are rewarded with ECT tokens for their participation in the network, encouraging energy efficiency and demand response participation.
# 4. Features of Ec³
### Blockchain Security Navigator
Enabling discharging to be recorded on the blockchain without human intervention, ensuring unparalleled protection of safety and privacy.
### Identity Verification Evolution
SSMI module ensures authentic and reliable transactions in clean energy, marking a true evolution in identity authentication.
### AI Agent in the Ec³ APP
Offering personalized energy management advice based on daily habits and energy consumption patterns.
### Plug-and-play
Connect the Ec³ Energy Cube to your device, launch the Ec³ APP, sync your wallet, and instantly, Bluetooth ensures smooth blockchain data integration.
### Thrilling Real-time Token Rewards
The app tracks token rewards for energy usage in real-time, connecting to your wallet for effortless control over your earnings.
###
# 5. Roadmap
Roadmap
### 2023.Q4
* In the **Proof of Concept phase**.
* Develop the tokenization engine.
* Build a team.
* Initial fundraising valued at $10million, selling 5% of tokens.
* December, secured an investment of $100.000 from Water drip Capital.
### 2024.Q1
* Expand PoC to include joint ventures.
* Complete the **product demo**.
* Following the launch of the govern the community minimum viable product. The valuation increased to $ 15 million, selling 5% of tokens.
### 2024.Q2
* **Finalize platform** design.
* Begin marketing and business development efforts.
* Deploying multi-chain DlD for zkSync and loTex.
### 2024.Q3
* **Launch the platform**.
* Validate the platform's market fit.
### 2024.Q4
* Fully finance the **first 10MWh** battery storage capacity.
* Finalize the A round Financing.
### 2025.Q1
* Integrate **additional revenue streams**.
* Build the DAO to Following the launch of the govern the community.
# 1. Hardware (Ec³ Plug)
The Ec³ Plug is a proprietary hardware designed to create a DePIN network based on distributed energy interaction, intended to collect data from all discharging devices.
The Ec³ Plug can be connected to energy storage devices to record electricity usage information and store it on the [peaq network](https://www.peaq.network/), thereby earning ECT token rewards based on electricity consumption.
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# 2. Mobile APP
The EC3 Mobile App is a sophisticated application designed to complement the Ec³ Cube's functionality within the Ec³ ecosystem. It serves as a user-friendly interface for managing energy consumption, optimizing energy storage, and participating in the decentralized energy network.
### **Key Features of the** Ec³ **Mobile App:**
1. **Energy Management:** The app allows users to monitor and control their energy usage in real-time. It provides insights into how much energy is being consumed by connected devices and offers recommendations for efficient energy use.
2. **Token Rewards Tracking:** Users can track their ECT (Energy Cube Tokens) earnings directly from the app. The app displays the rewards earned from energy interactions, such as self-consumption and demand response participation.
3. **AI-Powered Recommendations:** An integrated AI agent within the app offers personalized energy management advice. It suggests the most economical charging and discharging plans based on real-time energy market prices and the user's energy consumption patterns.
4. **Device Integration:** The app is designed to seamlessly connect with various energy storage devices, including home batteries, inverters, and portable power banks. This integration allows for a comprehensive view of the user's energy ecosystem.
5. **Blockchain Security:** The app utilizes blockchain technology to ensure the security and transparency of energy transactions and token rewards. Users can have confidence in the integrity of their data and rewards.
6. **Community Network:** The EC3 Mobile App fosters a community of energy producers and consumers, encouraging shared knowledge and collective action towards sustainable energy practices.
7. **Market Expansion:** The app supports the Ec³ mission of expanding the decentralized energy network by allowing users to participate in initiatives like demand response and virtual power plants.
8. **User-Friendly Interface:** The app's intuitive design ensures that users can navigate through its features easily, making it accessible to a wide range of users, regardless of their technical expertise.
# 3. Staking Dapp
The Ec³ [Staking Dapp](https://stake.ec-cube.io/) is a decentralized application designed to allow Ec³ token (ECT) holders to stake their tokens and earn rewards. This platform is an integral part of the Ec³ ecosystem, providing users with a secure and user-friendly way to participate in the network's growth and governance.
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### **Key Features of the** Ec³ **Staking DApp:**
* **Connect Wallet:** Users can connect their digital wallets to the DApp, ensuring a seamless experience for staking and managing their ECT tokens.
* **Staking Rewards:** The DApp offers an estimated staking reward of 4.4% ARR (Annualized Rate of Return), which incentivizes users to lock their tokens for a certain period to support the network.
* **Token and Financial Information:** Users can view the total amount of ECT staked, the current ECT price, and their available balance in the wallet. This transparency allows users to make informed decisions about their staking strategy.
* **Claimable Rewards:** Users can claim their rewards directly from the DApp, providing a convenient way to access their earned tokens.
* **Unstake:** The DApp also allows users to unstake their tokens if they wish to withdraw them from the staking pool, offering flexibility in managing their assets.
* **Staking Pool:** The platform features a staking pool where users can contribute their ECT tokens. This pool is essential for the network's stability and security, as it helps to maintain the decentralized nature of the EC3 ecosystem.
# 1. Mining Steps
As a user in the Ec³ ecosystem, here's what you need to know about mining and the steps involved:
1. **Understanding Mining:** Mining, in this context, is your active involvement in the Ec³ network's energy management activities. By participating, you help balance the energy grid and optimize energy usage, which is rewarded with ECT tokens.
2. **Connecting Your Devices:** You start by connecting your energy storage devices, such as home batteries or inverters, to your Ec³ Cube. This Cube acts as your energy node within the DePIN network.
3. **Setting Up the Ec³ Cube:** You'll need to configure your Ec³ Cube to interact with your energy storage devices. This includes ensuring it's connected to the internet and synced with the Ec³ network.
4. **Monitoring Energy Consumption:** Your Cube will collect data on your energy usage, which is crucial for tracking your mining activities and calculating your rewards.
5. **Participating in Energy Market Activities:** You can engage in various energy market activities like demand response and virtual power plant participation. These activities contribute to the network's efficiency and are key to earning ECT tokens.
6. **Earning ECT Tokens:** As you participate and contribute to the network, you'll earn ECT tokens based on your energy management performance and the impact you have on the grid.
7. **Token Distribution:** The ECT tokens you earn will be automatically distributed to your wallet. You can monitor your earnings and manage them through the Ec³ Mobile App.
8. **Optimizing Your Setup:** To maximize your mining efficiency, you should regularly check your energy usage and follow the AI agent's recommendations in the app. This helps you optimize your energy management strategies and maintain your devices in the best possible condition.
# 2. Mining Reward
Mining Reward, please consult Section[ Mining Reward ](/tokenomic/4.-mining-reward)in [Tokenomic](https://docs.ec-cube.io/tokenomic).
# 1. Ec³ Token ($ECT)
The $ECT token is the underlying foundation of the Ec³ ecosystem. $ECT is an EVM-compatible token launched on [peaq network](https://www.peaq.network/). Most interactions within the Ec³ platform are directly or indirectly related to $ECT.
The maximum supply of $ECT is set at **1000,000,000**, which means that unless there are future decisions from DAO, there will never be more tokens in circulation. $ECT is now live on the peaq testnet agung and is expected to go live on the peaq mainnet in the **first quarter of 2024** and be listed for public trading in **the second quarter of 2024**.
# 2. Token Distribution
The maximum supply of $ECT tokens is set at 1000,000,000. and it will be gradually released to participants, investors, community, and reserves within the Ec³ ecosystem, as shown in the table below:
$ECT token distrubution
$ECT token distrubution
For any institution, whether it is an angel round or a Series A, upon reaching the TG1 phase, which is the listing on a centralized exchange, there will be an immediate release of 10% of the shares, followed by a six-month lock-up period. The remaining 90% of the shares will be released gradually on a monthly basis thereafter.
The release schedule for the team's shares is delayed by six months compared to the institutions. This means that while the institutions will have an immediate release of 10% of their shares at the TG1 phase, the team's shares will begin to be released in a linear fashion six months later, on a monthly basis.
# 3. Token Circulation
Please refer to the diagram below for a summary of the flow of $ECT tokens.
# 4. Mining Reward
# 4.1 Mining rewards distribution
**$ECT will set aside 30% of the token supply as an incentive pool to reward users for their Mining.**
The mining rewards are distributed in rounds, with a mining reward of **200,000 EC**T given **once a day** currently. The mining reward per round will **halve once every two years**. The amount of mining reward per round for different years is shown in the following figure.
Mining reward release
# 4.2 Reward Calculation
## Mining Reward Calculation Logic
Your mining rewards are calculated based on a composite logic that involves the multiplication of three key factors, which we refer to as the "Composite Multiplier." This Composite Multiplier is derived from the following individual multipliers:
1. **Multiplier 1 (Mining Hardware)**
2. **Multiplier 2 (Load Balancing Electricity Usage)**
3. **Multiplier 3 (Adoption of New Products)**
## Detailed Explanation
#### **Multiplier 1 (Mining Hardware)**
* **Premium Multiplier**: If you have both the Cube device and a whitelisted energy storage battery, you will receive the a higher multiplier (1.2). Our system distinguishes devices through Bluetooth identification, ensuring that only certified whitelisted energy storage batteries can activate the premium multiplier.
* **Standard Multiplier**: If you possess the Cube device with a non-whitelisted energy storage battery, you will receive a standard multiplier (1). Although slightly lower than the premium multiplier, we still value your engagement with our mining ecosystem.
####
#### **Multiplier 2 (Load Balancing Electricity Usage)**
* **Peak hour:** If you use energy storage devices during peak electricity usage hours, you will receive a higher reward multiplier (1.35). This is to encourage you to charge the energy storage devices during off-peak electricity hours and to discharge the devices during peak usage hours.
* **Valley hour:** During alley hou,r using energy storage devices will result in a lower reward multiplier (0.5). We encourage you to charge the energy storage devices during these off-peak hours rather than utilizing them. By doing so, you can help alleviate pressure on the power grid.
| **Time** | **Type** | **Consumption factor** |
| -------- | -------- | ---------------------- |
| 0—8 | Valley | 0.5 |
| 8—10 | Off-Peak | 1 |
| 10—12 | Peak | 1.35 |
| 12—14 | Off-Peak | 1 |
| 14—19 | Peak | 1.35 |
| 19—21 | Off-Peak | 1 |
| 21—24 | Valley | 0.5 |
####
#### **Multiplier 3 (Adoption of New Products)**
* **Dual Product Multiplier**: If you own both the Cube V1 and Cube V2 products, you will receive an additional multiplier (1.3). This incentivizes users to experience our new products and enjoy a more comprehensive service.
* **Single Product Multiplier**: If you own only one of the products, you will receive a basic multiplier (1). We encourage you to consider purchasing the other product to benefit from a higher multiplier.
## Mining Reward
According to the mining reward distribution model, you can obtain mining rewards based on the score within each round cycle. The specific calculation method is as follows:
$$
Ri(x) = RewardingAmount \* Si（x） / Σ S（x)
$$
The ECT reward obtained by user i in round x is: RewardingAmount multiplied by the score of user i in that round, divided by the total score of all users in that round.
# 5. Staking Reward
# 5.1 Staking rewards distribution
**$ECT will set an incentive pool to reward users for their staking activities.**
Each stream releases rewards indefinitely through the so-called ‘**log distribution curve**’ (see table below), meaning that each time rewards are distributed (e.g. daily or weekly), the total amount of rewards distributed will be slightly less (e.g. 99% previously allocated). Due to this method, the reward curve will never drop to 0 and will be maintained indefinitely.
staking rewards distribution
The slight decrease in the amount of rewards is offset by the expected long-term increase in the market value of the $ECT token. Ec³ DAO can make decisions to increase the current reward amount in case the reward curve is too low."
# 5.2 Reward distribution based on Staking Score
**ing $ECT tokens and maintaining a PoS deposit will generate a staking score. During each round of staking reward distribution, the amount of $ECT tokens rewarded to a user will be determined based on their staking score.**
For example, in the 3rd round of staking reward distribution, a total of 20,000 $ECT tokens are rewarded, distributed to 2 users, with User A having a staking score of 400 and User B having a staking score of 100. Therefore, User A will receive 16,000 $ECT tokens as a reward, while User B will receive 4,000 $ECT tokens as a reward.
**For information on how the staking score is calculated, refer to section 5.4.**
# 5.3 Flexible stake ＆ Locked stake
\
**$ECT has two staking methods, known as Flexible stake and Locked stake.**
**Flexible stake** allows users to withdraw their staked $ECT and receive rewards at any time after the shortest staking period of one week.
**Locked stake** allows users to lock their $ECT for three, six, nine, twelve, fifteen, or eighteen months. After the lock-up period ends, users can withdraw their staked $ECT and receive additional rewards. If a user wishes to withdraw their staked $ECT during the lock-up period, they will need to pay a certain percentage of penalty.
# 5.4 Calculation of staking score
For each user participating in staking ECT, their staking score is the product of the base staking score and the score level, as follows:
$$
StakingScore = BasicScore \*ScoreLevelWeight
$$
### 1. Basic Score
**Base score** = Total staked amount \* Number of staking cycles + Locked staked amount \* Locking period / 3
This means that the more staked amount and the longer the staking period, the higher the staking score obtained, and consequently, the more staking rewards in ECT received. Meanwhile, participating in locked staking will result in higher staking scores compared to flexible staking.
### 2. Score Level
The **score level** represents the contribution level of the user participating in the staking activity and is divided based on the user’s base score into **10 levels**. When the user’s base score reaches a certain amount, they will be promoted to the corresponding score level. The base scores and ScoreLevelWeight corresponding to different score levels are shown in the table below.
Score Level
# 5.5 Staking for DAO
When your staking duration surpasses the **six-month mark**, whether you've engaged in flexible staking or locked staking, you become eligible to receive a portion of governance tokens known as **gECT**. This allocation is based on your staking reward score, which entitles you to participate in the decentralized governance framework of the ec-cube ecosystem.
Holding DECT tokens empowers you with the rights to contribute to critical decisions that influence the trajectory of ec-cube. This includes, but is not limited to, the following aspects:
* **Device Pricing**: As a token holder with a stake in the system, you have the opportunity to weigh in on the pricing of devices. Your input can help strike a balance between affordability and the value provided by the technology, ensuring that the devices remain accessible to a wide range of users while also reflecting the costs associated with development and maintenance.
* **Mining Rewards**: You can participate in shaping the mining rewards structure. This includes the mechanisms of reward distribution, the overall allocation of tokens, and any necessary adjustments to maintain a fair and sustainable mining environment.
By actively engaging in the governance process with your DECT tokens, you become a pivotal member of the community, helping to steer the platform's evolution and development. **Your voice and vote are essential, and together with the broader community, you can guide the project towards a prosperous future！**
We encourage all eligible stakers to actively engage in the governance of ec-cube, as your involvement is vital for the ongoing success and growth of the platform. Your participation helps ensure that the collective vision for the future is shaped democratically and in the best interests of all stakeholders.
# 6. Token Buyback
**Half of the profits from the sale of EC-Cube will be used to repurchase ECT, in order to ensure the stability of the ECT price.** A certain amount of funds is allocated to support the market pric pressure.
1. **Token Issuance**: 200,000 tokens are released daily, with each token priced at $0.05.
***Daily Token Issuance*** = 200,000 tokens \* $0.05/token = $10,000
2. **Market Cap**: The total market value of the tokens released daily is calculated as the product of the number of tokens and their price.
***Market Cap*** = Daily Token Issuance = $10,000
3. **Staking and Lock-up**: 30% of the tokens are locked up in staking, which is variable and can change over time.
***Staked Tokens*** = Total Tokens \* 30%
4. **Selling Pressure and Turnover Rate**: There is $7,000 of selling pressure, and the turnover rate is 25%.
***Selling Pressure*** = Market Cap \* Turnover Rate = $7,000 \* 25% = $1,750
5. **Price Support in One Day**: The selling pressure is $1,750. We require a minimum amount of funds equivalent to the selling pressure to repurchase ECT and maintain price stability.
***Price Support Funds*** = Selling Pressure \* 50% = $1,750 \* 50% = $875
6. **Token Buyback**: Half of the profits from the sale of EC-Cube products will be used to repurchase ECT, in order to ensure the stability of the ECT price.
**Buyback Funds**** = $875**
7. **The cost of EC Cube generated by token buybacks:** Assuming that 8 EC Cubes are sold each day, with a token buyback cost of **$100 per EC Cube**.
The staked rate of ECT released daily is variable. The table below shows the changes in the token buyback required as the staked rate ranges from **40% to 10%**.
| **Token Issuance Market Cap ($)** | **staked rate** | **Selling Pressure ($)** | **Token Buyback ($)** |
| --------------------------------- | --------------- | ------------------------ | --------------------- |
| 10000 | 40% | 1500 | 750 |
| 10000 | 30% | 1750 | 875 |
| 10000 | 20% | 2000 | 1000 |
| 10000 | 10% | 2250 | 1125 |
# 7. Ec³ Credit
**Ec³ Credit** is a fuel token pegged to the US dollar, used to pay for all transaction fees within the Ec³ network. This includes purchases of Ec cubes, distributed energy, data transactions, and more. Ec³ Credit can be obtained by burning ECT.
The price of a single Ec³ Credit is fixed at **0.00001 USD**. That is to say, at any time, 1 USD can be exchanged for 100,000 Ec³ Credits.
Ec³ Credit can only be generated by burning HNT. The amount of Ec³ Credit produced by burning a unit of ECT will fluctuate based on the price of ECT. For example, if the price of ECT is 0.5 USD, burning one ECT will yield 50,000 Ec³ Credits.
The design of ECT and Ec³ Credit is based on the Burn-And-Mint Equilibrium (BME) model, which aims to adjust the supply of ECT according to the usage volume of the network. This way, when burning and minting reach a balance, the circulation of ECT can remain stable.
# 8. Government Ec³ Token ($gECT)
When your staking duration surpasses the **six-month mark**, whether you've engaged in flexible staking or locked staking, you become eligible to receive a portion of governance tokens known as **gECT**. This allocation is based on your staking reward score, which entitles you to participate in the decentralized governance framework of the ec-cube ecosystem.
Holding DECT tokens empowers you with the rights to contribute to critical decisions that influence the trajectory of ec-cube. This includes, but is not limited to, the following aspects:
* **Device Pricing**: As a token holder with a stake in the system, you have the opportunity to weigh in on the pricing of devices. Your input can help strike a balance between affordability and the value provided by the technology, ensuring that the devices remain accessible to a wide range of users while also reflecting the costs associated with development and maintenance.
* **Mining Rewards**: You can participate in shaping the mining rewards structure. This includes the mechanisms of reward distribution, the overall allocation of tokens, and any necessary adjustments to maintain a fair and sustainable mining environment.
By actively engaging in the governance process with your DECT tokens, you become a pivotal member of the community, helping to steer the platform's evolution and development. **Your voice and vote are essential, and together with the broader community, you can guide the project towards a prosperous future！**
We encourage all eligible stakers to actively engage in the governance of ec-cube, as your involvement is vital for the ongoing success and growth of the platform. Your participation helps ensure that the collective vision for the future is shaped democratically and in the best interests of all stakeholders.
# 1. Product User Guide
is section explains how to purchase and use the Ec³ Plug. You can **follow the guide below to use the Ec³ Plug**. Additionally, you can visit[ here ](https://www.youtube.com/)to watch a guide video.
### **1. Purchasing the** Ec³ Plug**:**
* **Step 1:** Visit the [official Ec³ website ](https://www.ec-cube.io/mall)or an authorized retailer to purchase the Ec³ Plug.
* **Step 2:** Select the Ec³ Plug model that best suits your energy storage needs.
* **Step 3:** Complete the purchase process by providing the necessary payment and shipping information.
* **Step 4:** Once your order is processed, you will receive a confirmation email with your order details and tracking information.
### **2. Setting Up the** Ec³ Plug**:**
* **Step 1:** Unbox the Ec³ Plug and ensure all components are present (Plug, power adapter, user manual).
* **Step 2:** Connect the Ec³ Plug to a power source using the provided adapter.
* **Step 3:** Follow the instructions in the user manual to set up the Plug, including any required software updates.
### **3. Connecting to the Peaq Network:**
* **Step 1:** Download and install the Ec³ Mobile App on your smartphone or tablet.
* **Step 2:** Open the app and create an account or log in if you already have one.
* **Step 3:** Navigate to the "Connect Device" section in the app and follow the on-screen instructions to pair your Ec³ Cube with the app.
* **Step 4:** The app will guide you through the process of connecting your Ec³ Plug to the Peaq network, ensuring it is properly integrated and ready for use.
### **4. Mining with the** Ec³ Plug**:**
* **Step 1:** Ensure your energy storage devices (batteries, inverters, etc.) are connected to the Ec³ Plug.
* **Step 2:** In the Ec³ Mobile App, go to the "Mining" section and review the available mining activities, such as demand response or virtual power plant participation.
* **Step 3:** Select the mining activities you wish to participate in and follow the app's guidance to optimize your energy usage for these activities.
* **Step 4:** Monitor your energy consumption and mining progress in the app. The app will calculate your ECT token rewards based on your participation and energy efficiency.
### **5. Claiming Rewards:**
* **Step 1:** In the Ec³ Mobile App, navigate to the "Rewards" section.
* **Step 2:** Review your accumulated ECT tokens and ensure your wallet address is correctly set up to receive the rewards.
* **Step 3:** Click on "Claim Rewards" to transfer your earned tokens to your wallet.
### **6. Troubleshooting and Support:**
* If you encounter any issues during setup or mining, refer to the user manual or the Ec³ Mobile App's help section.
* For further assistance, contact our customer support through the app or the official website.
**Note:** This guide provides a general overview of the process. Specific steps may vary depending on the Ec³ Plug model and software version. Always refer to the latest user manual and app instructions for the most accurate information.
# 2. Staking User Guide
#### 1）Connect Wallet
Connect your wallet and switch to the Peaq (Agung) network.
#### 2）Acquire ECT
You can purchase ECT on an exchange and withdraw it to your wallet, or utilize peaq (Agung) to exchange for ECT.
#### 3) Flexible Staking
Click on 'Stake,' enter the amount you wish to stake, authorize ECT, and then proceed with the staking.
#### 4) Locked Staking
Enter the staking quantity, select the staking duration, authorize ECT, and then proceed with the staking.
#### 5) Successful Staking
At this point, the number of ECT staked in Mystaking and StakingPool should correspondingly change, and the ECT in your wallet should be reduced accordingly.
#### 6) Staking Rewards
"Claimable Reward" refers to the number of rewards that have already been earned and are available for you to claim.
"Staking Reward" indicates the total number of ECT rewards that have been set for the current round (this week) as part of the staking program.
#### 7) Note
If you stake during Week 0, you will generate staking points in Week 1, and in Week 2, you will receive the rewards earned based on the staking points from Week 1.
# 1. Buy Ec³ Plug
### Q1: How to Purchase the Ec³ Plug
You can now visit the [**official online store**](https://www.ec-cube.io/mall) to purchase the Ec³ Plug, which is available to everyone worldwide, whether you're in the Americas, Asia, Europe, or elsewhere. The official store currently accepts payment in **USDT**.
The Ec³ Cube is priced at **$149**. After filling in your address details and completing the payment, you can visit the order page to check the shipping information. Once you receive your Ec³ Plug, you can follow the [**user guide**](https://docs.ec-cube.io/product-user-guide) to set it up.
# 2. Reward and Withdrawal
### Q1: How can I see the ECT reward?
To see your ECT rewards, you need to log in to the Ec³ Mobile App or DApp. There, you can access the **"Rewards" or "My Rewards"** section to view your accumulated rewards and related details.
### Q2: How can I add ECT token into my Metamask?
You can manually import token assets by adding the token contract address to Metamask. ECT is an EVM token contract deployed on the Peaq network. The contract address is as shown in the table below:
| | |
| ------------------ | ------------------------------------------ |
| **Network** | **Address** |
| peaq network | Comming Soon |
| agung-test network | 0x0814F962baecD118de01209889F5C2c9b4AaCAAA |
# 3. Energy and Miner Status
### Q1: How can I determine if my Ec³ Plug is mining
To determine if your Ec³ Plug is mining, follow these steps:
1. **Connect to the EC3 Mobile App:** Download and install the Ec³ Mobile App on your smartphone or tablet. Ensure your device is connected to the internet.
2. **Wallet Sync:** Log in to the mobile app using the wallet address associated with your Ec³ Plug. If you haven't created a wallet or linked it to the Ec³ Plug yet, follow the instructions in the app to do so.
3. **Check Mining Status:** After logging in, navigate to the "Mining" or "My Mining" section within the mobile app. This is where you should find detailed information about your mining activities and status.
4. **Review Mining Data:** On the mining status page, you should be able to see details about your Ec³ Plug's mining activities, including:
* **Staked ECT Quantity:** The amount of ECT tokens you currently have staked.
* **Estimated Earnings:** The expected earnings based on current network conditions and your mining activities.
* **Accumulated Earnings:** The total earnings you have accumulated since you started mining.
* **Active Mining Devices:** If the Ec³ Plug is mining, it should be listed as an active mining device.
5. **Device Monitoring:** Ensure your Ec³ Plug device is connected to power and has a stable internet connection. The device's status indicator light or the device status in the mobile app can help you confirm if the device is online and operational.
6. **View Transaction Records:** If the Ec³ Plug is participating in mining, you should be able to view related transaction records in the mobile app, including staking and reward distributions.
### Q2: If the Ec³ Plug does not start mining after connecting the energy devices, what should I do?
If your Ec³ Plug does not initiate mining after connecting the energy devices, here are the steps you should take:
1. **Check Power and Connection:** Ensure that your Ec³ Plug is properly powered and all energy devices are correctly connected. Verify that the connections are secure and there are no loose cables.
2. **Review Device Configuration:** Go through the setup process again to confirm that all devices are configured correctly according to the user guide. This includes checking the settings within the Ec³ Mobile App for any required adjustments.
3. **Confirm Network Connectivity:** Make sure the Ec³ Plug is connected to the internet and has access to the Peaq network. Network issues can prevent the Plug from starting the mining process.
4. **Check for Updates:** Ensure that your Ec³ Plug and the Ec³ Mobile App are updated to the latest version. Sometimes, outdated software can cause issues with mining.
5. **Review Mining Requirements:** Double-check that you meet the minimum requirements for mining, such as the necessary amount of ECT tokens staked and the eligibility of your energy devices.
6. **Consult the User Guide:** Refer to the Ec³ User Guide for troubleshooting tips or any specific instructions related to starting the mining process.
7. **Contact Support:** If the issue persists, reach out to our support for further assistance. Provide them with details about the problem, including any error messages and the steps you've already taken.
By following these steps, you can troubleshoot and resolve common issues that might prevent your Ec³ Plug from starting the mining process.
# 4. The Cost of Ec Plug
### Q1: What components make up the cost of EC Plug?
The costs of EC-Plug are composed of the following:
1. **Manufacturing Costs**: This includes the expenses related to the production of the physical goods or the creation of digital assets associated with EC-Plug.
2. **Logistics Costs**: Encompasses the transportation, warehousing, and delivery expenses necessary to move products or services from the point of origin to the point of consumption.
3. **Development Costs**: Refers to the financial outlay for the design, programming, and overall creation of the EC-Plug platform or product.
4. **Token Buyback Costs**: A portion of the profits from the sale of EC Plug will be used to repurchase ECT, in order to maintain the stability of the ECT price.
### Q2: What is the cost of EC-Plug?
1. The manufacturing, development, and logistics costs for EC Plug are **$100**.
2. The ECT buyback cost for EC Plug is **$100**. For details, please refer to [Token Buyback](/tokenomic/6.-token-buyback).
# 5. Break-even Period
### 1. Calculation Results
* The graph on the left shows the payback period for a **$149** Ec³ plug.
* The calculation is based on an electricity cost of **$0.16 per kWh**, with each ECT valued at **$0.05, $0.075 and $0.1**
* According to the calculations, if 1**Kwh** of electricity is used **during peak hours** every day, it will take a maximum of **100 days** to break even.
### 2. Calculation Process
| **Income and Expenditure Items** | **$** | **Reference** |
| --------------------------------- | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Cost per kWh of electricity usage | 0.16 | |
| ECTs earned per green score | 24 |
Green Score = Amount of kWh consumed \* the electricity consumption coefficient for the corresponding time period
Earning ECT = (Total ECT reward per mining round ÷ Sum of all users' green scores) × 90%
The daily mining quantity is halved every two years, with 200,000 ECTs per day from 2024 to 2025.
Assuming 4,000 non-whitelisted users, with each user consuming 1 kWh during peak hours and 1 kWh during off-peak hours, the total green score for users is 7400.
At this time, ECTs earned per green score = (200,000 / 7400) × 90% ≈ 24
|
| ECT Value | 0.05 | Total supply of 1 billion, market capitalization around 50 million. |
| Ec³ Plug Cost | 149 | |
* Electricity Cost: The cost per kWh of electricity is referenced from the electricity cost published by the U.S. Energy Information Administration (EIA).
* ECT Quantity Acquired: section[ Mining Reward ](/tokenomic/4.-mining-reward)in [Tokenomic](https://docs.ec-cube.io/tokenomic).
* Electricity Consumption Coefficient: Referenced from the Economic Model Overview | VI. Items to be Modified.
* Additional Note from Jianlin: 1/10 of the ECTs earned by users from mining will be used as compensation for gas fees.
* X-axis: Represents the amount of kWh electricity used by users during peak hours each day.
Reference for the daily electricity usage range on the X-axis: The average daily electricity usage for a U.S. household (3 people) is 37.1 kWh.
* Electricity Monthly Update - U.S. Energy Information Administration (EIA)
