Echelon: A Decentralized Autonomous Organization(DAO) in a class of its own.
What is a DAO?
A Decentralized Autonomous Organization is an open-source, transparent and, in theory, incorruptible form of organization governed by smart contracts and fixed protocols. All transactions of the organization are recorded and maintained on a blockchain. It helps tackle an age-old principal-agent dilemma which happens when the agent of an organization has the power to make decisions on behalf of, or impacting, the principal. This dilemma usually occurs when an agent acts in his own interests in contrast to that of the organization.
Enter Echelon DAO
The Echelon DAO consists of the main team and token holders (essentially, board members) and is thus known as an assembly type DAO where a large number of members interact in decision making with an agency via smart contracts. The only governing law present in the Echelon DAO is the decentralized and transparent protocol and smart contracts regulating the actions taken by the Echelon team and none other.
All decisions made in or by the Echelon DAO will first be proposed and voted on by the Echelon DAO team members and community token holders and then implemented by the Echelon team through following certain fixed protocols.
Echelon DAO Roadmap
One of the first projects the Echelon DAO will work on is an innovative PancakeSwap fork called echoSwap. This updated fork will include added benefits and features including impermanent loss solutions, slippage solutions and many more.
Native Token: ECHO
ECHO is the governance and utility token of Echelon DAO. Each individual ECHO represents one governance voting right on the Echelon DAO and enables the Echelon DAO to function in a fully decentralized manner with no central authority making decisions regarding the DAO’s actions and products. Participating ECHO users will also receive incentives for the input into the DAO.
With Oxbull.Tech’s assistance, Echelon DAO aims to raise 1000 BNB.
Tokenomics
IDO Approach on Oxbull.Tech [UPDATED]
ECHO Presale price: 1BNB = 235 Echo
ECHO Listing price: 1BNB = 200 Echo
Listing on the 31st March, 1600 UTC
First 100 investors will get a Unique Founder NFT from Echelon DAO. With 35 NFTs already handed out during Echelon DAO’s private sale, there shall only be 65 left up for grabs!
With an updated approach to Oxbull.Tech’s IDO model, Pre-sale would be categorized only into 3 groups:
Tier 1: Guaranteed
Tier Allocation: 850 BNB
For a Guaranteed participation of the ECHO IDO, Investors would be required to already be STAKING THE EITHER before 0000 Coordinated Universal Time(UTC), 28th March 2021:
- OXB/BNB LiquidityPool with more than 4,000 OXB staked continuously prior to project launch
OR
- OXB-OXB farm with more than 8,000 OXB staked continuously prior to project launch
Will have 12 hours guaranteed buying time on the 30th March 1600 UTC onwards.
Contributions will be minimum 1BNB, Max 3.5 BNB per address.
Each qualified address will only be eligible for ONE transaction.
Tier 2: Whitelisting
Tier Allocation: 50 BNB
Investors currently STAKING a minimum of 4,000 OXB in the OXB/OXB farm prior before 0000 Coordinated Universal Time (UTC), 31st March 2021 to be qualified for the Whitelist.
Qualified investors shall have buying time on the 31st March 2021 between 1400–1430 UTC on a FIRST COME FIRST SERVE (FCFS) basis.
Contributions will be minimum 0.5 BNB, Max 2 BNB per address
Each qualified address will only be eligible for ONE transaction.
Tier 3: Exclusive for Echelon Community
Tier Allocation: 100 BNB
Echelon community members (Whitelisted) shall have buying time on the 31st March 2021 between 1430–1500 UTC on a FIRST COME FIRST SERVE (FCFS) basis.
Contributions will be minimum 0.5 BNB, Max 1 BNB per address
Each qualified address will only be eligible for ONE transaction.
Echelon’s Whitepaper available to view here.
*The allocation of max cap for Tier 1,2 3 for echelon is subject to changes based on the overall number of eligible investors.
To learn more about the project, visit:
- Twitter: https://twitter.com/EchelonDAO
- Discord: https://discord.com/invite/PMPWGfujZy
- Telegram: https://t.me/joinchat/Q2giJQcc9PR7UNHY
- Medium: https://echelondao.medium.com/
- Website: https://www.echelondao.com
Note: Echelon DAO was earlier mislabeled as a scam and associated with ShareDefi. The team has since clarified and have also released an official statement in regards said matter.
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