Eclipse (ECP) is a BSC project focused on developing platforms for BSC tokens. In this article, “What is Eclipse?” We will answer the question. In addition, we will touch on other questions about the project.
What is Eclipse? What does it do?
Launched in 2021, Eclipse (ECP) is a BSC project focused on developing platforms for BSC tokens. Since the launch of Ethereum (ETH) smart contracts, smart contract usage has grown tremendously. Also, the rise of decentralized finance (DeFi) has further accelerated the adoption of smart contracts, where platforms use them in protocols that include lending, collateral, derivatives, and more. As a result, various smart contract platforms emerged, such as Polkadot, Solona, and BSC. Of the mentioned platforms, the developers behind Eclipse are particularly interested in BSC.
As the popularity of smart contracts has grown, the number of parties seeking to profit by malicious means has increased. As a result, there have been many high-profile carpet shoots on BSC, which were malicious acts where cryptocurrency developers abandoned their projects and fled with user funds. For example, developers of BSC projects like TurtleDex and PopcornSwap have fled with millions of dollars’ worth of user funds. The developers behind Eclipse believe there is a difference in quality between CEX launched projects and DEX launched projects.
What is ECP coin?
ECP coin is Eclipse’s native token. Currently, ECP has a fully diluted market cap of $7 million. It is trading at $0.00000007 per token with a maximum supply of 1 quadrillion. The project burns a portion of the token supply. The official whitepaper shows that the circulating supply is about 693 trillion tokens.
How does Eclipse work?
The Eclipse project relies on the ECP token and its smart contracts on BSC to power its service platforms. The platform uses a similar structure to SafeMoon (SAFEMOON), another project at BSC. Editing has three functions: Reflection, LP acquisition and Burn. The project team believes that this structure helps reduce potential garbage and offers adequate rewards to token holders.
Smart contracts have a built-in functionality that charges 6% for each transaction. Contracts then distribute half of the fee (3%) to ECP token holders during the “Reflection” process. Smart contracts then split the other 50% (3% fee) of the fee in half. Finally, smart contracts sell the first half (1.5% fee) to BNB and the second half (1.5% fee) is automatically added to the ECP/BNB trading pair on PancakeSwap (CAKE) to provide liquidity in the “LP buy” . Additionally, some of the token supply is occasionally destroyed in the “Burning” process to limit liquidity, reduce circulating supply to increase scarcity, and ultimately increase the price.
What is Eclipse? How to get ECP coin?
Eclipse is currently traded on a small number of cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. Exchanges where Eclipse is traded are listed as follows: BSC and PancakeSwap. Users who want to invest in the project should open an account on one of these exchanges.
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