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Why @EktaChain is the Most Undervalued Gem in the RWA Space.

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3 years ago

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@EktaChain is the most undervalued gem in the RWA space! πŸ’Ž They are merging DeFi/Crypto and RWAs to create more opportunities for people around the world. Adding $EKTA to my long-term plays! Here's why. πŸ§΅πŸ‘‡
Centralized institutions and governments have outdated policies that lead to unemployment, debt, and poverty. Ekta's vision is to give everyone around the globe access to a decentralized ecosystem to better their lives and break free.
In this thread, we will cover how they will get there and how you can benefit. Here's the outline: β€’ What is Ekta? β€’ 7 Key Products β€’ Roadmap β€’ Final Thoughts Let's dig in!
β†’ What is Ekta? Ekta is more than an RWA project. It's an entire ecosystem of products built on its own L1 blockchain. It's fast, efficient, EVM-compatible, permissionless, and has instant finality. There are 5 core components of the chain.
1️⃣ EktaBridge: Bridge funds to Ekta mainnet 2️⃣ EktaScan: User-friendly blockchain explorer 3️⃣ EktaClaim: One-click claims all rewards on-chain 4️⃣ EktaStake: dApp to create & manage staking pools 5️⃣ EktaReadiness: Easy & fast onboarding/access to the eco
EktaReadiness is the most important. It includes installing MetaMask, adding EktaChain, and any necessary tokens to your wallet. This can be integrated & customized with any project. Since mass adoption is the goal it's good to see them prioritize the user experience.
β†’ The 7 Key Products ➑️ Ekta NFT Marketplace: The heart of Ekta’s utility-based NFT eco. All projects & partners bring real-world use cases backed by RWAs. ➑️ Real Estate Marketplace: Brings all the opportunities of Real Estate to a global market using blockchain tech.
➑️ Ekta Assets: Focuses on tokenizing RWAs such as real estate, property management, ticketing, venue access, etc. ➑️ Ekta HYBEX: Hybrid DEX and CEX. Get the best of both worlds! This includes fiat on-ramps, a DeFi ecosystem, no KYC for traders, and it's non-custodial.
➑️ Ekta Island: A wholly owned island off the coast of Bali! It's currently undergoing major development. This will become a self-sustaining blockchain hub of enthusiasts, token holders, residents, & crypto-curious visitors. This is HUGE for their mass adoption push! πŸ”₯
It has 7 hectares of green par, 81 villas, and 46 hectares of ocean. Includes a Beach Club, Yacht club, Marina, School, & a 300+ capsule hotel. Token holders and NFT holders get special access and benefits. $EKTA is used for payment on the island. The island is amazing!
➑️ MetaTrees: Plant-to-earn (play-to-earn) game with real-world utility and positive impact on the environment. ➑️ Ekta Portal: Become a node operator and earn $EKTA by becoming an NFT holder.
β†’ $EKTA Token πŸ”’ Here are some key takeaways: β€’ Total supply: 420 million β€’ Deflationary: every project launched will burn $EKTA! Next round of burns is coming up in Q2 2023. πŸ‘€ β€’ MC: ~$5mill
β†’ Roadmap πŸ—ΊοΈ Not only do they have strong fundamentals but they have a packed roadmap. The rest of the year is filled with catalysts! Ekta Portal (nodes) get shipped, Real Estate eco launches, NFT marketplace goes live, and the MetaTrees game gets released!
β†’ Final Thoughts πŸ’­ In summary: βœ… Taking meaningful steps toward mass adoption βœ… Deflationary tokenomics βœ… Low market cap (~$5mill) βœ… Huge catalysts coming in Q2 βœ… Ekta Island crypto hub $EKTA looks promising and it's relatively undiscovered. We are still early!
What kind of potential are we looking at? Is the top 100 unreasonable for the next IRL crypto hub? $EKTA will not only be the heart of an eco in crypto but the core of an entire island's, no a micronation's, economy. Think about that... Ekta has such a bright future!
Tagging some Chads: @CryptoKaduna @ChadCaff @CryptoMocro_ @AstrologyCrypto @LouisCooper_ @RiddlerDeFi @ArbiAlpha @AlphaSeeker21 @EricCryptoman @CrossChainAlex @BlocksNThoughts @RealDegenGMX - gem for you πŸ‘€ @Mikee_93 @AltcoinMiyagi - congrats on the recent milestone!
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Chill (Ξ, Ξ)

@ChillTRD

Crypto Investor | DeFi Enthusiast | NFA/DYOR Writing threads on DeFi and GameFi.