Eclat Token (ECLAT)

The ECLAT token is the native currency of the Eclat blockchain and platform, just like ETH on Ethereum.

ECLAT utility:

• Transaction fees Being the native currency on the Eclat blockchain, ECLAT is required to pay fees to the network in order to approve transactions.

• Validation Token holders can stake Eclat to become a validator. The minimal staking requirement is 25k. The network is growing, currently there are 60 validators. (https://status.eclatscan.com/)

• Voting Validators vote on protocol changes with their staked ECLAT. Which means validators with higher amounts of Eclat staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

• Staking (for delegators) Any ECLAT holder can choose one or more validators to delegate any amount of ECLAT they wish. They receive a share of the Eclat block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).

• Payments As ECLAT is the native currency on Eclat, sending it does not require interactions with smart contracts. Thus, ECLAT transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of ECLAT tokens does not endow holders with any rights to participate in the governance of the Eclat platform or any revenue streams related to its real-world performance.

Obtaining ECLAT

Where to Buy

ECLAT is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Eclat), Sushiswap (Eclat), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

The best information about the ECLAT trading volumes and prices on various exchanges can be found on the Coingecko "Markets" page for the token.

A convenient current way of purchasing ECLAT straight from one's bank account is through using the Eclat Cash wallet to deposit Eclat Dollars, and then swapping those to ECLAT via the in-app integration with Voltage DEX.

Where to Farm

At the moment, the ECLAT token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Eclat Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of obtaining ECLAT

From time to time, the Eclat team uses ECLAT to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Eclat's social channels.

The ECLAT token is also used to power Eclat grants and bounties. Please consult the Grants and Bounties section for more details.

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