🪙Tokenomics

Token Ticker	$EC
Blockchain	Epic Blockchain
Token type	Utility
Total Token Supply	13,919,191,919

Token Allocation and Vesting Scheme in detail:

Utility:

• Staking: Token holders can stake their $EC tokens to earn rewards and participate in the security of the network.

• Governance: $EC token holders have the right to propose, debate, and vote on changes or decisions regarding the Epic Blockchain network.

• Access to Services: Certain services or features on the Epic Blockchain might require $EC tokens as payment or access fee.

• In-Game Assets: In the gaming platforms integrated with Epic Blockchain, $EC tokens can be used to purchase in-game assets or NFTs.

Burn Mechanism:

To maintain the scarcity and value of the $EC tokens, a periodic token burn mechanism will be implemented. The frequency and amount of token burns are set to increase, creating a positive feedback loop for token value appreciation. This model promotes a sustainable ecosystem where developers are incentivized to create high-quality applications, and token holders are rewarded with a deflationary asset that has the potential to appreciate over time.

• Gas fees: A fixed percentage of tokens used in gas fees within the Epic Blockchain network will be burned, ensuring decreasing overall supply and potential appreciation in token value.

• Revenue generated from Dapps: A portion of the revenue generated from Dapps within the Epic Blockchain ecosystem will be taken in the form of $EC tokens. Instead of redistributing these tokens, a certain percentage will be systematically burned.