Imagine being able to create your own DeFi products such as staking, #RWA, #lending, #Socialfi, #AI, etc., without needing "IT Skills".
That's exactly what @itsearnnetwork is building to fulfill your wish.
Let’s dive in 🧵
1️⃣ What is @itsearnnetwork?
Earn Network is a community driven marketplace that offers “no-code” solutions to create unique yielding opportunities for any market.
By utilizing the platform's security and audited template, you can easily deploy various DeFi products, such as:
▪️ Yield staking
▪️ NFT staking
▪️ Lending borrowing
▪️ RWA
▪️ AI
2️⃣ Products
Earn Network currently offers 3 major products:
[1] Defi staking
Earn Network supports a variety of blockchain networks and a wide array of projects.
The goal is to maximize yield earnings for users by providing flexible staking methods.
[2] Flash Pools
Flash Pools on Earn Network offer time-limited staking opportunities with exceptional rewards.
These pools are established in collaboration with influential industry figures, allowing users to access and earn higher yields within a short period.
[3] Restaking
As the name suggests, Restaking allows you to earn higher yield by staking tokens you earned from your previous staking activities.
Currently, Earn Network supports restaking across blockchains available in the Cosmos ecosystem.
3️⃣ Team, Backers, and Partners
Earn Network has raised $2.7M from large, well-known venture capitalists such as Shima Capital, DFG, Cronos Labs, and LD Capital.
The founder of the protocol is @bartekpozniak.
He is also the founder of @mycointainercom, one of the first global staking platforms and the first regulated staking platform in Europe.
After 30 months of operation, @mycointainercom reached a net profit of 0.5m EUR.
4️⃣ Tokenomics
$EARN is the native token of the protocol, with a total supply of 10 billion tokens.
18% for seed: Cliff 6 months, unlocked every month for 12 months
2.5% for Private: Cliff 3 months, unlocked every month for 12 months
4.6% for Public: Cliff 0 months, rest unlocked in the next 4 days
15% for team: Cliff 12 months, rest unlocked every month for 24 months
4% for advisors: Cliff 6 months, rest unlocked every month for 24 months
11% for marketing: unlocked every month for 36 months
8% for liquidity
18.4% for ecosystem: 1 month lockup, rest unlocked every block for 20 months
6% for reserve: 6 months lockup, 1% weekly for 25 months
12.5% for treasury: 1 month lock up, unlocked every month for 30 months
📌 Token utilities
EARN will not have an inflation mechanism, and the staking yield will be paid directly from platform fees.
▪️ Part of the platform fees will be used to purchase the EARN token from the market.
▪️ Stakers gain part of the fees by staking their token
▪️ Payment in the ecosystem
▪️ Higher yield when claiming interest in $EARN
▪️ Promotional spots bidding
Although $EARN has not yet launched, the $EARN public sale is set for November 24th at a price of $0.0025 per $EARN.
$EARN will be listed on November 30th with an initial MCap of $670K.
For more information, please check here: earn.network/public-sale
Moreover, you can accumulate EARN points, which will later be converted into $EARN tokens.
The deadline for this event is set on November 19th, so don't fade it!
zealy.io/c/earnnetwork/questboard
6️⃣ Conclusion
Yield farming is the backbone of DeFi, which is why I believe Earn Network has significant potential with its "no-code" solutions market for all DeFi users.
The timing for the launch of $EARN is also really a good pick while the uptrend sentiment is approaching.