Fair Launch

We will proceed Fair Launch. There are no volumes that preassigned to any particular institution or individual.

We believe that all participants in DeFi should have an equal opportunity and a fair start. No particular institution or individual should not purchase tokens in advance at a lower price in an undisclosed manner than other participants, which may have a negative impact on the protocol in the long term. We will not proceed private sale, ICO, or pre-mining for the EKL token, the core of the eklipse protocol. To earn EKL, users must either buy it within the market or contribute to the protocol by providing liquidity. The eklipse team will lead the service until the DAO can operate on its own. When the DAO reaches a level of self-sufficiency, the team hand over its authority of decision-making to the DAO. At MakerDAO, one of the oldest DAOs, its CEO resigned and transferred his position to the DAO. (link) The team is rewarded as a member of the DAO for fulfilling the mission of building the DAO. However, since there are no other early organizations that contributed to the eklipse protocol, we will proceed with the Fair Launch.

The amount issued at the initial stage of launch is 41.9% of the total issuance. It consists of 7 items: Initial Liquidity Provision, Inflation, Operations, Partners, Teams, and Reserves. In addition, 58.1% of the issuance volume will be rewarded to users who provided LP. After 9.2% is issued in the first year, the new issuance volume decreases by 15.91% (=2^(1/4)) every year which lead to inflation until 2121.