ECORISE, a blockchain platform designed to unlock the value of natural ecosystems, incentivize ecological sustainability, and create a land-based stablecoin, has announced their upcoming $RISE governance token offering on the TrustSwap Launchpad.
This launch was originally scheduled for May 10th however, due to market conditions, the team has decided to postpone the token launch until further notice. Stay tuned to their social channels for updates.
ECORISE is the latest project selected for the TrustSwap Incubator and will have ongoing support from the TrustSwap team through the initial phases of their development.
Introducing ECORISE
Stablecoins have become a crucial component of Decentralized Finance (DeFi) but there are still risks associated with holding assets pegged to fiat currency. Unlike traditional stablecoins pegged to the US dollar, ECO token acts as a hedge against inflation. This is possible through the appreciative assets that are held in the treasury including land, lease agreements, carbon credits, and cryptocurrency.
As the value of the treasury increases, so does the pegged value of the ECO stablecoin. As demand for ECO increases, the supply of RISE governance tokens is reduced. In this way, ECO maintains it’s peg and RISE captures the market volatility.
The ECORISE platform connects individuals, organizations, and businesses who are focused on ecological conservation through environmental protection, sustainability, and regeneration. These focal groups can become members of a Decentralized Autonomous Organization (DAO) called The ECORISE DAO, a decentralized hub for global ecological governance and data-sharing. Artificial Intelligence is applied to create standardized subsets of price data helping to streamline carbon credit and co-benefit markets.
ECORISE is the missing link that unlocks the value of living ecosystems and provides economic incentives for environmental protection. By working together, we can all help address the looming climate crisis and secure a better future for ourselves, our families, and the planet as a whole.
ECORISE DAO
The ECORISE DAO is a tool to collect vast amounts of at-risk land and secure it on a blockchain under decentralized ownership to ensure long-term preservation and protection.
Any landowner who contractually agrees to conserve, protect, and regenerate their land can stake in the DAO vault. Once real estate has been purchased, the land title document will be legally ‘tokenized’ into a Non-Fungible Token (NFT) and locked in the Property Title Vault controlled by the DAO.
Staking tokenized land in the vault creates a decentralized land stewardship collective that allows funding for regenerative projects. The DAO can vote to purchase staked land from landowners to ensure continued conservation and protection.
All Lands in the DAO will be assessed for “Payments for Ecosystem Services” (PES), a network through which the beneficiaries of environmental services such as watershed protection, forest conservation, carbon sequestration, and landscape restoration, reward those whose lands provide these services with market payments.
The ECORISE Foundation allows ECORISE DAO to accrue PES from sustainably managed locked assets approved by “Eco Governance”, the community-run process of managing the various aspects of the ECORISE Protocol.
Two-Token Ecosystem
ECORISE includes a two-token smart contract ecosystem built on the Solana blockchain.
$ECO Stablecoin
$ECO is an algorithmic stablecoin pegged to the value of Real natural land held in the DAO Vault. The price is pegged via a decentralized oracle and an arbitrage contract that manages the minting and burning of $RISE tokens. This is similar to the mechanics of Terra LUNA/UST.
Unlike UST, ECO stablecoin offers relatively predictable stability and growth opportunity in a way that is not directly tied to the value of the US dollar or other ‘soft money’ assets. A token pegged to land value can mitigate inflation risks associated with fiat currencies.
Assets like land have historically been one of the greatest stores of value around the world and reflecting this in the ECO token will allow people to hedge against inflation while protecting and regenerating our natural world.
ECORISE can bridge the chasms between small landowners, indigenous groups, and family farms around the world. Through the ECO token, these groups will be able to join forces to capture the true value of their own natural lands.
$RISE Governance Token
$RISE is the deflationary utility token that helps ECO keep its peg through a process called seigniorage whereby RISE tokens can always be traded for an equal dollar value of ECO Tokens and vice versa.
RISE is used for staking and voting in the DAO and to access the sale of NFT collections.
NFTs will be created by partner artists and auctioned to fund the purchase and assessment of land in need of protection. NFT holders may receive “perks” such as airdrops, Discord role/channel, partner co-benefits, and bonuses within the protocol. Staking RISE token is required to access these auctions and to unlock the benefits of the NFTs.
RISE is also used to fund DAO-approved proposals for conservation of sensitive ecosystems, endangered species protection, and Sustainable Development projects including:
- Waste reclamation
- Renewable energy
- Remediation of landfills and brownfields
- Regenerative agriculture
Key Points
- ECORISE provides a platform to accrue Payments for Ecosystem Services which will allow the DAO to continue funding conservation and regeneration with a self sustaining model and financial system based on environmental stewardship.
- ECORISE has created a fully functional economic model based on Ecological Ecosystem Economics that incentivizes protecting, conserving, and regenerating the planet’s ecosystems.
- ECORISE gives humans an opportunity to buy back our planet from governments, corporations, and profit-based resource extraction regimes through collective, shared stewardship of biodiverse ecosystems.
- As demand for ECO stablecoins increases, the supply of RISE governance tokens is reduced.
Meet The ECORISE Team
Learn More About ECORISE
Click the links below to learn more about the ECORISE protocol.
Token Offering Details
Secure Launch Process
To ensure a smooth launch, the ECORISE team has agreed to:
1) Have their domain fully SSL certified one week prior to the launch date.
2) Have their domain protected by Cloudflare and share the proof with TrustSwap prior to the launch date.
3) Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
4) Add no less than $200,000 of liquidity immediately upon DEX listing.
5) Distribute tokens to launchpad participants within one hour of exchange listing using a token distributor like disperse or multisender.
6) Lock liquidity within 3 hours of listing for no less than 60 days.
7) Provide the timeline for token distributions and distribute tokens within a one-hour window of the agreed-upon time.
8) Lock 75% or more of team & dev fund tokens for a minimum of thirty days on http://team.finance/ within 6 hours of funding DEX liquidity.
9) Have at least one community moderator on each social platform (Twitter, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch.
Participation and Allocation
Anyone staking at least 4,000 $SWAP is eligible to apply to participate in the Public Sale round of the ECORISE $RISE token offering granted that individuals (and entities) meet jurisdictional restrictions.
Tokens will be split up among SWAP stakers proportionately based on their allocation multipliers. For example, a “10” Allocation Multiplier (as seen below) will get you ten times more allocation than a “1” Allocation Multiplier. The more SWAP you stake, the higher your allocation. There are a total of 50 allocation tiers. Click here for a comprehensive list.
“Swap Score” is the average amount of SWAP staked in your wallet over 60 days. As seen below, long-term stakers are rewarded with higher allocations.
Your “Staked Swap” and “Swap Score” is based on the combined total of SWAP staked between all supported networks (ETH, MATIC, AVAX, BSC) from the same wallet address.
Step-By-Step Guide
1. On May 10th, 2022 at 5pm UTC, the application window will open and remain open for 24 hours. During this time, go to the TrustSwap Launchpad and click on the blue “Start” button to apply.
NOTE: The SWAP snapshot will be taken at 5 PM UTC on May 11th, 2022. 24 hours after the Launch event begins.
2. Complete all of the steps listed, including uploading all of the necessary KYC documents.
3. The portal will close after 24 hours. Following its close, there will be a waiting period of up to 48 hours as the ECORISE team finalizes internal processes.
4. Upon the success of your application, you will receive an email confirming the maximum amount you are allowed to contribute to the token offering. Within 24 hours, you have the opportunity to send these funds. After 24 hours, your position will be given to the next in line and you will lose it. Only payments in USDC/USDT are accepted on Ethereum (ERC20), BSC (BEP20), and Matic.
5. DEX listing details will be announced soon.
What should I do to prepare for the token offering?
- Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens here before the snapshot on 5/11/2022 at 5PM UTC.
- Take a photo of your government issued ID card (Passport, Drivers License, or any other form of government issued ID card that has your photo in it).*
- Take a selfie of yourself holding the ID card along with a note that reads: “ECORISE 2022”.*
- Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
- Submit your details and documents at any point during the 24 hour window at https://dashboard.trustswap.org/app/launchpads.
*Note: Steps 2 and 3 are not necessary if you have an active registry with Sekuritance KYC. You can save time by pre-registering at portal.sekuritance.com.
Who Can Participate in the $RISE Token Offering?
Anyone not domiciled in the USA or UN-sanctioned countries can participate in the ECORISE token sale.
Disclaimer: Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. ECORISE is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.
