💰Revenue Strategy

$ELCR is a utility token on the Binance Smart Chain BSC. A portion of the $ELCR Token has been specially allocated to be provide rewards and an NFT feature is also integrated with the platform to get premium features access.

Locked Liquidity

$ELCR is rugpull-roof. The team will lock liquidity immediately after listing on pancakeswap for 5 years.

Anti-Whale Implementation

NO MANIPULATION. NO MASSIVE DUMPS. PERIOD. We strive to build an ecosystem where every investor has an equal chance at making a healthy profit

Transaction Fee

Also the revenue system of Elancer relies on $ELCR transaction fees applied to both the buying and selling of tokens, at rates of 4% and 8% respectively. The collected transaction fees form the main revenue source that is then distributed to different areas of the Elancer ecosystem. Let's break down the process in more detail:

1. Buying and Selling Transactions

Whenever a user buys or sells Elancer, the respective transaction fee is automatically deducted and collected by the system. The 4% fee on purchases and the higher 8% fee on sales helps to deter quick sales (or "flipping") of the token, which can contribute to price volatility.

2. Fee Collection and Allocation

The fees collected are not static but instead get dynamically allocated to support various platform functionalities and initiatives. The allocation could be divided as follows:

A portion of the transaction fees is redirected into the reward pool. The reward system uses these funds to incentivize users to hold their tokens, thus fostering stability and longevity in the token's user base.

Another portion of the revenue goes into platform development and maintenance. This includes the improvement of existing features, implementation of new services, payment for developers, and ensuring the security of the platform.

Part of the revenue could be allocated to the microloan system, providing a fund from which users can borrow.

A set percentage of the collected fees can be set aside for social impact projects, fulfilling Elancer's commitment to positive societal change.

A portion of the fees could also be reinvested back into the liquidity pool, ensuring ample liquidity for token transactions.

3. Reward System Maintenance

The allocation towards the reward system is a crucial aspect of revenue distribution. As users earn rewards for holding their tokens, these rewards are funded by the transaction fees. Therefore, maintaining an adequate reserve for the reward system is integral to incentivize user engagement and token retention.

All transactions, including the collection and distribution of fees, are recorded on the Ethereum blockchain. This ensures that users can audit the process, promoting trust in the system through transparency.

5. Review and Adjustments

The allocation of revenue is not static and could be adjusted based on the system's needs, user feedback, and market dynamics. Any significant changes could be put to a vote among the token holders, reinforcing the decentralized nature of the Elancer ecosystem.

By using transaction fees as the primary source of revenue, Elancer ensures it has a consistent revenue stream to support its ecosystem and benefit its users. With careful management, this revenue system can help create a sustainable and flourishing ecosystem for Elancer.