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Token

EETH Token

  • ERC-20 token on the Ethereum blockchain
  • Used for governance voting, transfers, and access to dividends
  • Total supply: 1 billion
  • Distribution:

Token Distribution

Dividend Mechanism

  • An EETH Dividend contract tracks EETH holdings and ETH dividends
  • When a user buys EETH, they are minted an equal number of tracking tokens
  • Tracking tokens represent a user's share of dividends
  • Revenue from EverETH products is accumulated in the Dividend Tracker
  • EETH holders can claim ETH dividends proportional to their share of tracking tokens
  • Dividend claims are subject to vesting periods to prevent dividend sniping

Governance

EETH holders can participate in governing the EverETH project and suggest/vote on new proposals. Governance powers include:

  • Voting on adding new products or services
  • Allocating project funds or revenue
  • Changing platform parameters and fees
  • Upgrading smart contracts
  • Other administrative powers