Ec³
  • 🔋Ec³
  • Ec³ overview
    • 1. The Pain Points to Resolve
    • 2. Ec³ Mission
    • 3. Product Summary
    • 4. Features of Ec³
    • 5. Roadmap
  • Developer
    • 1. Hardware (Ec³ Plug)
    • 2. Mobile APP
    • 3. Staking Dapp
  • Mine
    • 1. Mining Steps
    • 2. Mining Reward
  • Tokenomic
    • 1. Ec³ Token ($ECT)
    • 2. Token Distribution
    • 3. Token Circulation
    • 4. Mining Reward
      • 4.1 Mining rewards distribution
      • 4.2 Reward Calculation
    • 5. Staking Reward
      • 5.1 Staking rewards distribution
      • 5.2 Reward distribution based on Staking Score
      • 5.3 Flexible stake ＆ Locked stake
      • 5.4 Calculation of staking score
      • 5.5 Staking for DAO
    • 6. Token Buyback
    • 7. Ec³ Credit
    • 8. Government Ec³ Token ($gECT)
  • product user guide
    • 1. Product User Guide
    • 2. Staking User Guide
  • FAQS
    • 1. Buy Ec³ Plug
    • 2. Reward and Withdrawal
    • 3. Energy and Miner Status
    • 4. The Cost of Ec Plug
    • 5. Break-even Period
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  1. Tokenomic

7. Ec³ Credit

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Last updated 1 year ago

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.