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EKTA Project

dey90 Oktober 04, 2021

 Hello everyone... Here I will inform you by writing a review to introduce a very unique new project called EKTA, so for that, have a look at the article I created below to give you a very good overview of the project, then Benefits what do they give everyone? Let's go straight to the discussion below.


Introduction


In 2008, the way that the world viewed value was forever transformed by the anonymous forefather of all cryptocurrencies, Satoshi Nakamoto. What began simply as a new standard for digital transfer through Bitcoin has now rapidly expanded to include a myriad of altcoins vying for attention; as well as new concepts such as decentralized finance (DeFi), non-fungible tokens (NFT), and decentralized trading infrastructure. In mainstream media, it’s widely reported that the cryptocurrency space has been on a rocket to the moon, albeit with the volatility that is to be expected when revolutionary technology and disruptive new ways of doing things are unveiled to the world.

However, most current cryptocurrency projects to date have been built to benefit and reward those already in the industry and community. Their aim has generally been to make processes on existing chains faster and more secure, or incur less fees, especially in the DeFi space. For most common folks who aren’t crypto savvy, they’ve been left out of the ecosystem.

Conversely, the transformative power of Ekta is designed to finally merge the physical world with the on-chain blockchain world. Ekta connects traditional industries and businesses, as well as physical assets, onto our blockchain. By doing so, Ekta creates opportunities to decentralize efficient access to capital from the modern world’s providers—including corporations, lenders, and investors. Ekta brings these opportunities to the people who need it most, employees and their families, borrowers, and entrepreneurs, along with making vital real-world assets such as natural capital more accessible through fractional tokenization and non-fungible tokens (NFTs).

Here, we introduce the key founding principles of Ekta. To begin, we will explore the problems and inefficiencies that have existed in the space to date.

Vision


What if there was another way? What if we were able to lessen the poverty gap and help people make better long-term financial choices, enabling them to improve their quality of life and raise their standard of living? What if we were able to build a world where equity and equality is truly attainable? What if we were also able to develop a system that not only protects our natural resources, but also helps us generate sustainable profits from their preservation and care?

With Ekta, we believe that this is not only possible, but absolutely necessary. It has become abundantly clear that the prevalent centralized structure of today’s financial and governing systems is not sustainable; and is in fact a direct cause of the global issues we are faced with.

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’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’s decentralized credit platform that allows all users to participate.
  • Physical spaces such as the island chain currently being developed in Indonesia, where physical land and real estate assets will be brought on-chain.
  • Ekta’s startup incubator and innovation center open to retail investment.

The problem


In the world as we know it, the basic flow of capital from one half of the equation to the other is inefficient and littered with inequalities. Outdated economic policies from corporations, financial institutions, and governments have negatively impacted both our natural world and society at large, contributing to the mismanagement and depletion of natural resources as well as the rise of unemployment, debt, and poverty among blue-collar and white-collar workers alike.

Starting with society, these events often lead to what is known as a mindset of scarcity among the working class. Research has shown that this phenomenon, where individuals experience a mental shift due to a lack of resources, results in the restriction of cognitive capacity and is comparable to losing as much as 13 IQ points.

Today, it is estimated that there are some 27.8 million people living in poverty in Southeast Asia alone. Despite the fact that education programs and school attendance is improving, the majority of people still work 14 to 16 hours per day. This imbalance results in a society that is constantly under stress, and leaves little opportunity for entrepreneurial growth.

At the same time, we are collectively faced with the issue of how natural resources are being valued and utilized. Natural capital, the world’s stock in natural resources, is often treated as inexhaustible and is therefore easily mishandled. However, given the issues that the majority of society is experiencing, it’s no wonder that there is not enough attention being paid to issues that our natural world is facing. So, how do we effectively balance both of these socio-economic and environmental challenges?

The solution - Ekta


Ekta will merge the physical world with the virtual world. By eliminating centralized governance systems and bringing people from different backgrounds and socio-economic circumstances together in one community and ecosystem, Ekta can:

  • Provide everyone with the opportunity to participate and build a better life for themselves,
  • Help create profit with purpose through the tokenization of natural capital and property.

This ecosystem of communities and holders is what we call the Ekta ecosystem.

Why it works


  • By decentralizing the relationships, we can streamline access to capital, allowing entrepreneurship to flourish,
  • By removing the boot of debt and financial distress from the throats of those in vulnerable situations, we enable everyone to breathe, dare to have ideas, and plan for the future,
  • By democratizing governance by the people and prioritizing projects that focus on the sustainability of our communities and environment, we will cultivate a culture of innovative ideas, creating a decentralized and seamless way of managing natural assets and bringing hope to the people living in dire economic circumstances.

Ekta exists to bridge the digital blockchain world with the world we live in, and create value in both. By developing economic policies that are rooted in empathy rather than greed, Ekta will build a society that is guided by humanity and altruism as its core principles. With the focus on sustainability, Ekta will drive the development of projects relating to blockchain, cleantech, wise tech, hospitality tech, clean-ocean startups, alternative medicines, permaculture, and sustainable aquaponics.

As the Ekta community grows, the Ekta Token, Ekta’s digital currency, will continue to stay relevant for token holders and traders, allowing community members to stake, save, lend, borrow. For the real world, Ekta will provide a decentralized and equitable platform to access capital, education, and opportunity—the necessary ingredients for anyone to have a chance at a better life.

Ekta will build a sustainable ecosystem where both physical and virtual worlds exist in support of each other, with the sole focus on eliminating centralization, lack of access to capital resources, and developing more sustainable methods of natural resource governance. While Ekta’s infrastructure will be built for the startups, digital nomads, entrepreneurs, visionaries, creators, contributors, and the local community, the digital infrastructure will be built on blockchain to power this ecosystem.

How it works


Not only does the Ekta startup ecosystem provide an incubation space and funding to homegrown startups, it also spearheads fair and transparent investment opportunities for institutions and the public through blockchain. With Ekta, startups gain access to funds from venture capital in three simple steps, bringing them closer to the realization of their initiatives.

  • Step one sees investors and the public select the venture capital (VCs) of their choice,
  • Once selected, the VCs will receive applications from the startups for funding,
  • Finally, the startups receive funding from the VCs.

Participating VCs will be selected by Ekta governance and required to stake in $EKTA in order to participate, with staking criteria being periodically reviewed. All projects within the startup ecosystem are regulated through blockchain smart contracts, ensuring autonomy and eliminating the risk of third-party manipulation. In all situations where governance is required, either the VCs or the public will vote to establish consensus of key factors. Ekta’s startup incubator platform is built to facilitate the entire process with full transparency, from ideation to realization and beyond.

Token Allocation


Total Tokens ($EKTA): 210,000,000 Supply (Max)


All the remaining $EKTA will be mined out by staking $EKTA.

  • Team and Advisors: These tokens are allocated to founding and non-founding members of Ekta.
  • Reserve: These tokens will be used for the long term development of Ekta Eco-system.
  • Foundation: These tokens will be used for social benefit such as donations to public interest organizations or non-profit organizations
  • Token sale: These tokens are reserved for sale.

Contact Information


Author: dey90
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=731808
BSC Wallet: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a

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