But before going any further, I want to tell you first about Cryptoqurrency or Blockchain Technology. Cryptocurrency was originally known as a payment system that allows people to be able to make transactions quickly, without third parties, transparently, securely, and anonymously. Satoshi who is the creator of Bitcoin, makes Bitcoin beat the centralized financial system that is prone to manipulation and controlled by one party. With the growth and development of the Crypto or blockchain ecosystem, a number of alternative investment options have emerged, and have proven to be more efficient and profitable investment tools than traditional financial returns. Innovative projects are consistently emerging in the crypto industry with high return investments and continuous trends, such as EKTA .is one of the projects that will attract large market investments. So, don’t waste this golden opportunity.
What is Ekta?
Ekta is the first cross-chain blockchain project to truly merge the physical world with the on-chain world to create value in both. In the Ekta ecosystem, physical assets can be represented as digital analogs through the launch of Ekta’s own nonfungible token platform and marketplace. This new trading and exchange venue for NFTs will be a blockchain-based cross-platform ecosystem for the sharing and trading of physical assets represented in a digital format. Through the Ekta NFT marketplace, Ekta will provide a novel way for NFT creators and the owners of physical assets represented as NFTs to connect with consumers and brands through their digital collections.
In the world of Ekta, NFTs represent ownership rights, fractional ownership or use of land, starting in Southeast Asia. This could include a resort villa, a piece of beach frontage or a right to marina usage. Ekta will extend this functionality to real estate, property and utilities all over the world. For example, through Ekta, a fractionalized ownership in a forest could be made available in a virgin forest with a goal of offsetting carbon, or entire ecosystems could be protected through ownership on the blockchain.
Throughout Ekta’s early lifecycle, the team will look to work closely with land and real estate developers in Southeast Asia who are keen to collaborate on our vision of building a truly inclusive and sustainable ecosystem, where the digital and physical worlds collide. Through Ekta, communities from Indonesia and beyond will be empowered to come together through blockchain modules that enable transparent, instant and secure transactions that facilitate the efficient exchange of capital. Ekta’s focus on building and rewarding communities starts from day one.
EKTA STAKING REWARD SYSTEM
As detailed in the Ekta whitepaper, the consensus mechanism used in the main network of Ekta is Proof of Stake (PoS), and the holder only needs to stake the $EKTA purchased through IDO to the Ekta’s smart contract to participate in mining $EKTA.
The total number of $EKTA tokens issued across the network at the time of IDO completion is 31.5 million, which is 15% of the $EKTA max supply of 210 million tokens. Of this 15%, 2% is allocated to the team, 1.5% for the Ekta project development reserve, 1.5% is for social benefit donations, and 10% is for the IDO. The remaining 85% will be mined out within 4 years through the smart contract mining system.
The rate of mining output decreases over time, so the output ratio is highest early on. Assuming a holder participates in mining from the first day of mining or the IDO, and the price of the coin remains constant from IDO through the next year, and all holders participate in mining, the amount of $EKTA the holder will mine after one year is 4.31 times the amount he or she pledged, i.e., a 431% yield. If you consider that there are $EKTA in circulation in the market (i.e., not involved in mining), the rate of return for the holders involved in mining will likely be higher than 431%.
To illustrate, if an IDO participant buys 100 $EKTA and the IDO price is $1.8095 per token, the total investment is $180.95. In a year, the number of $EKTA in this example is about 531 tokens with a total value of $961.34. If the price of $EKTA grows to $10 per token, the value of the same 531 token would be $5,312.68, or 29.36 times the investment at the time of IDO.
$EKTA is currently available for purchase on 3rd party decentralized exchanges like PancakeSwap and more coming soon.
Token Circulation
All extra $EKTA will be mined over the next 4 years by stamping $EKTA through our Automatic Staking Rewards System. Here's how it works:
At the time of delivery, IDO only delivered 15% of the finished shares of $EKTA to the market.
The extra 85% of tokens are delivered as check rewards, and will step by step enter the stream over time. It pays (from the original perspective) to stake and hold $EKTA.
Disclaimer
This section describes the legal disclaimers and risks associated with the Project, including the Ekta Token. Please read carefully.
This section is not intended to be exhaustive and does not constitute an investment or other advice. Potential buyers should make their own independent evaluation of all risk factors and should read the detailed information set out elsewhere in this White Paper. Other risks and uncertainties that are unknown to Ekta or deemed insignificant at this time could have a material adverse effect on Ekta's business, operations, financial condition or prospects.
Are you ready for the future?
Through a combination of blockchain and decentralized governance systems, Ekta’s core physical infrastructure will be built with the future of democratized access in mind. These founding principles, closely mirroring the original tenets of blockchain itself, will serve as foundations of value on which all of Ekta communities and users will ultimately benefit. Only one question remains — are you ready to join us in our mission?
Follow Ekta’s social media channels to stay up to date with latest news and announcements:
Website : https://www.ektaworld.io/
Whitepaper : https://whitepaper.ektaworld.io/
Twitter : https://twitter.com/ekta_io
DisCord : https://discord.gg/YrmaQpemMD
Telegram : https://t.me/ekta_community
Medium : https://medium.com/ekta-io
Forum Username: wakkajiperketek
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3111997
Telegram Username: @wakkajiperketek
Wallet Address: 0x0431eFAE96740E04b3996c96D17C470f12d55952
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