ECORISE is a revolutionary blockchain project that has shifted the focus from decentralization to ecological sustainability. The project has developed an earth stablecoin known as the ECO token to encourage the value of our world’s natural ecosystems. The project is moving 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 every day. Given the high volatility of the crypto market, finding hedging methods within the market becomes essential. However, even the stablecoins available today are not immune to inflation risks. ECORISE provides a viable alternative through “appreciated assets held in Treasury”. These network assets include land, leases, carbon credits, and other cryptocurrencies. As the value of these assets in the Treasury increases, so does the value of ECO stablecoins. Network governance tokens would be reduced to withstand the impacts of volatility, creating a balanced ecosystem.
The network has a dedicated DAO to bring like-minded individuals and organizations to advance the ideas of ecological sustainability and conservation. They will share data and technological aids to obtain information on the prices of “carbon credits and co-benefits markets”. The platform will use the economic outlook of the natural ecosystem to reward efforts towards ecological conservation. They rent or buy the real estate and tokenize it using NFTs, which will be kept in the DAO’s decentralized vault. Collective ownership will help constructive projects and provide sufficient funding.
The network uses a two-token system to achieve the desired result. First, the ECO stablecoin, whose value is pegged to decentralized oracles. Unlike other stablecoins found in DeFi, this token is not tied directly to fiat currency. On the contrary, ECO is directly anchored to assets such as land to provide more stability and predictability. RISE, on the other hand, is the governance token used to take deflationary measures. You can redeem for ECO for equal dollar value. This token is also used to make decisions or approve funding on ECORISE DAO.
The RISE token offer portal will only be open for 24 hours on May 10. Users can visit the TrustSwap Launchpad and get started by clicking the “start” button. The following steps will require personal information and KYC verification. After registration, there will be a 48-hour waiting period, during which there will be internal checks. After passing the internal verification process, users will receive an email with the maximum amount they can spend. Make payments within the next 24 hours. Otherwise, the chance would be passed on to the next user in line.