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EETH - Overview

Introduction​

EETH is the native token of the EverETH ecosystem, designed to provide value and utility to its holders through various mechanisms within the platform. As an ERC-20 token deployed on the Ethereum blockchain, EETH serves as the cornerstone of the EverETH project, facilitating governance, dividend distribution, and access to various platform features.

Key Features​

  1. Governance: EETH holders can participate in the decision-making process for the EverETH project.
  2. Dividend Mechanism: Holders receive a share of the revenue generated from EverETH products and services.
  3. Utility: EETH is used for accessing and interacting with various EverETH products.

Token Metrics​

  • Name: EETH
  • Type: ERC-20
  • Blockchain: Ethereum
  • Total Supply: 1 billion tokens
  • Decimals: 18
  • Contract Address: 0xe46a1D19962Ea120765D3139c588fFd617bE04A8

Ecosystem Integration​

EETH is deeply integrated into the EverETH ecosystem:

  • It's used for governance voting on important project decisions.
  • Holders receive dividends from the revenue generated by EverETH products.
  • It provides access to various features and products within the ecosystem.

Dividend System​

One of the unique features of EETH is its dividend mechanism:

  • Revenue from EverETH products (like UniFlash) is used to buy EETH tokens from the market.
  • These tokens are then distributed to EETH holders as monthly dividends.
  • The amount of dividends received is proportional to the number of EETH tokens held.
  • A smart contract called the EETH Dividend Tracker manages this process:
    • It tracks EETH holdings and corresponding dividend shares.
    • When a user acquires EETH, they are minted an equal number of tracking tokens.
    • These tracking tokens represent the user's share of dividends.

Claiming Dividends​

  • EETH holders can claim their dividends through the EverETH platform.
  • A vesting period is implemented to prevent dividend sniping and reward long-term holders.

Governance Power​

EETH holders have a say in the future direction of the EverETH project:

  • Propose and vote on new products or services
  • Decide on the allocation of project funds
  • Influence platform parameters and fees
  • Vote on smart contract upgrades

Utility Within the Ecosystem​

  • Platform Access: EETH may provide preferential rates or features on EverETH products like UniFlash.
  • Fee Discounts: Holders may enjoy reduced fees across EverETH products.
  • Community Engagement: Access to exclusive community channels, events, and early feature releases.

Conclusion​

EETH is more than just a token; it's a key that unlocks participation in the EverETH ecosystem. Through its governance capabilities, dividend earnings, and access to platform features, EETH provides multiple avenues for holder engagement and value accrual. As the EverETH ecosystem grows and evolves, EETH will continue to be at the forefront of innovation in the decentralized finance space.