@EktaChain is the most undervalued gem in the RWA space! π
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.
π§΅π
Centralized institutions and governments have outdated policies that lead to unemployment, debt, and poverty.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.
1οΈβ£ EktaBridge: Bridge funds to Ekta mainnet
2οΈβ£ EktaScan: User-friendly blockchain explorer
3οΈβ£ EktaClaim: One-click claims all rewards on-chain
4οΈβ£ EktaStake: dApp to create & manage staking pools
5οΈβ£ 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
β‘οΈ Ekta NFT Marketplace:
The heart of Ektaβs utility-based NFT eco. All projects & partners bring real-world use cases backed by RWAs.
β‘οΈ Real Estate Marketplace:
Brings all the opportunities of Real Estate to a global market using blockchain tech.
β‘οΈ Ekta Assets:
Focuses on tokenizing RWAs such as real estate, property management, ticketing, venue access, etc.
β‘οΈ 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.
β‘οΈ 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! π₯
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!
β‘οΈ MetaTrees:
Plant-to-earn (play-to-earn) game with real-world utility and positive impact on the environment.
β‘οΈ Ekta Portal:
Become a node operator and earn $EKTA by becoming an NFT holder.
β $EKTA Token π’
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. π
β’ MC: ~$5mill
β Roadmap πΊοΈ
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 π
In summary:
β Taking meaningful steps toward mass adoption
β Deflationary tokenomics
β Low market cap (~$5mill)
β Huge catalysts coming in Q2
β 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!