Ekta bridging the blockchain with the physical world.
#ekta #bsc #crypto #bitcoin
Hello World!
Welcome to the Ekta project, one of the world’s first truly simultaneous on-chain and physical communities. We will soon be launching the Ekta mainnet through the arrival of our first blockchain components and also through our proof-of-concept platforms like our NFT marketplace.
But before we do that, let us introduce ourselves! This is the first of a two-part introductory series to Ekta. In our next article, we will introduce you to the team powering Ekta. But here, we’re going to welcome you to the Ekta universe, and give you a brief introduction to where we are headed in the next couple of months! Let’s dive in.
Merging the digital and physical — property-backed NFTs and fractional ownership
Ekta will be among the first blockchain projects to truly merge the physical world with the on-chain world, but what does this mean in practice? To discover this, we must look at the story of how physical assets can be represented as digital analogues.
Beginning with the rise of security tokens, which represented equity and other securities in blockchain’s early history, crypto-natives have long looked for ways to represent physical value on-chain. This eventually led to the rise of the non-fungible token, commonly known as NFTs, which represent a digitally and cryptographically unique token, or have an intrinsic link to a real world asset or item. Due in part to their novelty, their ease of tradeability, and utility, NFTs have rapidly risen to prominence both within and beyond the blockchain industry.
To this end, Ekta will launch its own self-developed NFT platform and marketplace. This brand new trading and exchange venue for NFTs will be a blockchain-based cross platform ecosystem for the sharing and trading of physical assets represented in a digital format. Through the Ekta NFT marketplace, Ekta will provide a novel way for NFT creators and the owners of physical assets represented as NFTs to connect with consumers and brands through their digital collections. But what could these newly minted NFTs represent?
In the world of Ekta, NFTs represent the ownership rights, fractional ownership, or use of land in Southeast Asia. This could include a resort villa, a piece of beach frontage, or a right to marina usage. Eventually, Ekta will extend this functionality to real estate, property, and utilities all over the world. For example, through Ekta a fractionalized ownership in a forest could be made available in a virgin forest with a goal of offsetting carbon, or entire ecosystems could be protected through ownership on the blockchain.
Throughout Ekta’s early lifecycle, we will look to work closely with land and real estate developers in Southeast Asia who are keen to collaborate on our vision of building a truly inclusive and sustainable ecosystem, where the digital and physical worlds collide.
Why did we create Ekta?
“Ekta is the first blockchain project that empowers our users and communities to build a physical world with us, one that is centered around unity, entrepreneurship, and decentralization. Through Ekta, we can meaningfully raise the adoption of blockchain in Southeast Asia; and empower socially responsible technology projects and entrepreneurs to find like-minded individuals in a collaborative and decentralized ecosystem.”
— Berwin Tanco, Cofounder and CEO at Ekta
Although blockchain has been gradually improving our collective access to financial products and services, there are still great strides to make to include those in the lowest income areas and geographies. At Ekta, this is what drives us to succeed — to provide the tools needed to empower creatives and innovators worldwide.
We aim to create an interconnected community where every-day people have better access to capital, reducing the wealth gap and changing the lives of millions. Retail investors are often risk-averse and approach new ventures with caution. So in order to effectively connect global retailers with venture capital, it’s essential to develop a low-risk participation framework. This is our primary goal at Ekta.
We will achieve this through Ekta’s startup incubator. Our incubator platform is designed for retail venture investing in equity of new projects, and becoming token holders. By providing everyday people with the opportunity to safely grow their own capital, Ekta not only equips them with the necessary tools to improve their quality of life, but also introduces new resources and funds that will help drive innovation. Each physical location will have its own incubator hub, where local entrepreneurs can meet, collaborate, and find funding for the next world-changing idea.
Ekta also brings environmental issues to the forefront. Our ecosystem token, ticker symbol ‘EKTA’, is a sustainably-mined token with a self-sustaining ecosystem. EKTA tokens are energy-efficient as they are mined by staking EKTA itself, a system smart contract which allows token holders, traders, and yield farmers to participate in Automatic Market Maker (AMM) exchanges to mine for $EKTA. We will deep-dive into our token functionality and tokenomics in one of our next articles.
EKTA VISION
Ekta’s vision is to create a world where blockchain technology is used to give everyone a chance to live a better life. A new ecosystem is needed, one where people from different backgrounds and socio-economic circumstances can participate freely, without the barriers and inefficiencies introduced by centralized governing bodies.
EKTA MISSION
Ekta’s mission is to bridge the blockchain world with the world we live in, and to create value in both. This is accomplished through various branches of the Ekta ecosystem, which include:
. The tokenization of real-world assets through Ekta Chain and Ekta’s self-developed NFT Marketplace
EKTA ECOSYSTEM
In the Ekta ecosystem, physical assets can be represented as digital analogs, through the launch of Ekta’s own self-developed NFT platform and marketplace. This new trading and exchange venue for NFTs will be a blockchain-based cross-platform ecosystem for the sharing and trading of physical assets represented in a digital format. Through the Ekta NFT marketplace, Ekta will provide a novel way for NFT creators and the owners of physical assets represented as NFTs to connect with consumers and brands through their digital collections
In the world of Ekta, NFTs represent ownership rights, fractional ownership, or use of land in Southeast Asia. This could include a resort villa, a piece of beach frontage, or a right to marina usage. Ekta will extend this functionality to real estate, property, and utilities all over the world. Through Ekta, a fractionalized ownership in a forest could be made available in a virgin forest with a goal of offsetting carbon, or entire ecosystems could be protected through ownership on the blockchain.
EXTA HAS 6 FACILITY STRUCTURES
- Land development
- Community development
- Startup incubator
- Real estate
- Natural capital
- Public sector
Ekta unites communities, systems, and values to fulfill our mission of giving everyone a chance to live a better life. By holding Ekta Tokens ($EKTA), users become a part of the Ekta ecosystem.
Profit with purpose
When making money is connected to doing good in the world, we all win.
Blockchain with physical
To truly drive mainstream blockchain acceptance, this connection is vital.
Capital with communities
We bridge capital from those who can provide to those who need it to thrive.
TOKENOMICS
Token Name: Ekta
Token Ticker: EKTA
Blockchain: Binance Smart Chain
Total Supply: 210,000,000
EKTA is a sustainably mined token with a self-sustaining ecosystem. EKTA tokens are energy-efficient as they are mined by staking EKTA itself, a system smart contract that allows token holders, traders, and yield farmers to participate in Automatic Market Maker (AMM) exchanges to mine for $EKTA.
Token circulation
All the remaining $EKTA will be mined out over the next 4 years by staking $EKTA through our Automated Staking Reward System. Here's how it works:
At launch, the IDO only releases 15% of $EKTA's total supply into the market.
The remaining 85% of tokens are released as staking rewards, and will gradually enter circulation over time.
It pays (literally) to stake and hold $EKTA.
Roadmap
Q3, 2021
$EKTA Token IDO
Q3, 2021
$EKTA mining system launch
Q3, 2021
Property NFT (Petals) airdrop
Q3, 2021
$EKTA listing on DEX
Q4, 2021
1st Petals NFT IDO
Q4, 2021
ShellDEX platform launch
Q4, 2021
Ekta startup incubator launch
H1, 2022
Ekta decentralized lending launch
H1, 2022
Ekta crowdfunding launch
Are you ready for the future?
Through a combination of blockchain and decentralized governance systems, Ekta’s core physical infrastructure will be built with the future of democratized access in mind. These founding principles, closely mirroring the original tenets of blockchain itself, will serve as foundations of value on which all of Ekta communities and users will ultimately benefit. Only one question remains — are you ready to join us in our mission?
Follow Ekta’s social media channels to stay up to date with latest news and announcements:
Website: https://www.ektaworld.io/
Telegram: https://t.me/ekta_community
Github: https://t.me/ekta_community
Discord: https://discord.gg/YrmaQpemMD
Twitter: https://twitter.com/ekta_io
Medium: https://medium.com/ekta-io
Author:
Forum Username: Wong linglong3
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1229230
Telegram Username: @Wonglinglong46
BEP20 Wallet Address: 0x38064F1795F260930C0459Bf0151aDa02aDbFa45
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