ELON Echelon Project Research
Binance February 2 Alpha
Echelon is a lending market aimed at linking the MOVE ecosystem (Aptos, Movement, and Initia), providing over-collateralized loans. Official statements indicate that the protocol's revenue has exceeded $3 million.
📑 Project Features:
🔸 Provides lending, borrowing, and fixed income functionalities.
💰 Token Economics:
🔸 Airdrop: 8.5%
🔸 Community and Ecosystem: 30%
🔸 Liquidity and Exchanges: 2.5%
🔸 Treasury: 20%
🔸 Investors: 20%, locked for 1 year, unlocked over 4 years
🔸 Core Contributors: 19%, locked for 1 year, unlocked over 4 years
The emission schedule is shown in the screenshot, with a total token supply of 100 million and an initial circulating supply reported to CMC of 13.5 million.
💹 Project Economic Model:
🔸 Generates income through borrowing fees and interest rate spreads.
💷 Sources of Participant Income:
🔸 Earning floating or fixed interest on provided assets.
💲 Financing Situation:
🔸 2024-08-27 disclosed financing of $3.5 million.
⚠️ Points to Note:
🔸 Team information is not public.
🔸 At TGE, the treasury has unlocks; looking at the emission schedule, considering liquidity addition, it seems to occupy more than half of the circulation.
#BinanceAlpha #Elon
Binance February 2 Alpha
Echelon is a lending market aimed at linking the MOVE ecosystem (Aptos, Movement, and Initia), providing over-collateralized loans. Official statements indicate that the protocol's revenue has exceeded $3 million.
📑 Project Features:
🔸 Provides lending, borrowing, and fixed income functionalities.
💰 Token Economics:
🔸 Airdrop: 8.5%
🔸 Community and Ecosystem: 30%
🔸 Liquidity and Exchanges: 2.5%
🔸 Treasury: 20%
🔸 Investors: 20%, locked for 1 year, unlocked over 4 years
🔸 Core Contributors: 19%, locked for 1 year, unlocked over 4 years
The emission schedule is shown in the screenshot, with a total token supply of 100 million and an initial circulating supply reported to CMC of 13.5 million.
💹 Project Economic Model:
🔸 Generates income through borrowing fees and interest rate spreads.
💷 Sources of Participant Income:
🔸 Earning floating or fixed interest on provided assets.
💲 Financing Situation:
🔸 2024-08-27 disclosed financing of $3.5 million.
⚠️ Points to Note:
🔸 Team information is not public.
🔸 At TGE, the treasury has unlocks; looking at the emission schedule, considering liquidity addition, it seems to occupy more than half of the circulation.
#BinanceAlpha #Elon