Hello everyone, I'm here again to give a good review about a good project with great team. As you have known earlier before now, my review is always based on good, great project that will benefit every investors and community member. This is another outstanding project which is different from every other existing project of its kind. I know you must have been wondering and asking yourself right now which project caught my attention, which project really worth this great review. Now have a seat and read through the whole write up line by line.
Before I go into full details of the project I would like to give simple information about the backbone of this project which is Blockchain technology. Blockchain technology is a ledger where all crypto-currency transaction are recorded and kept.
Transactions have recorded improvement over the years through the introduction of blockchain technology in various sectors. Part of the benefits of blockchain technology include; Improved Security System, Improved Efficiency e.t.c
What Is Ekta?
Ekta is one of the most unique projects in the crypto space. It has been created as a bridge that can finally bring together real-world assets with the blockchain. Therefore, integrating traditional finances and industries with assets supported by this digital technology.
Ekta’s vision is to create a world where blockchain technology is used to give everyone a chance to live a better life. A new ecosystem is needed, one where people from different backgrounds and socio-economic circumstances can participate freely, without the barriers and inefficiencies introduced by centralized governing bodies.
Ekta’s mission is to bridge the blockchain world with the world we live in, and to create value in both. This is accomplished through various branches of the Ekta ecosystem, which include:
. The tokenization of real-world assets through Ekta Chain and Ekta’s self-developed NFT Marketplace
. Ekta’s decentralized credit platform that allows all users to participate
. Physical spaces such as the island chain currently being developed in Indonesia, where physical land and real estate
assets will be brought on-chain
. Ekta’s startup incubator and innovation center open to retail investment
Ekta Ecosystem
In the Ekta ecosystem, physical assets can be represented as digital analogs, through the launch of Ekta’s own self-developed NFT platform and marketplace. This new trading and exchange venue for NFTs will be a blockchain-based cross-platform ecosystem for the sharing and trading of physical assets represented in a digital format. Through the Ekta NFT marketplace, Ekta will provide a novel way for NFT creators and the owners of physical assets represented as NFTs to connect with consumers and brands through their digital collections
In the world of Ekta, NFTs represent ownership rights, fractional ownership, or use of land in Southeast Asia. This could include a resort villa, a piece of beach frontage, or a right to marina usage. Ekta will extend this functionality to real estate, property, and utilities all over the world. Through Ekta, a fractionalized ownership in a forest could be made available in a virgin forest with a goal of offsetting carbon, or entire ecosystems could be protected through ownership on the blockchain.
Ekta Physical infrastructure
Land development — Ekta’s first physical spaces are located on and near Bali Indonesia, where aim to develop and tokenize land and real estate to bring on-chain, including residential villas, an incubator for startups and entrepreneurs.
Community development — Ekta empowers a thriving ecosystem of communities, which includes investors, entrepreneurs, public companies, employees, islanders, and influencers. Each of these communities plays a vital role
within the Ekta ecosystem
Startup incubator — Ekta’s startup incubator supports the development of startups and entrepreneurs that are funded and coached by experienced business professionals, investors, and venture capitalists associated with Ekta.
Real estate — Ekta makes real-world assets such as property more accessible through tokenization and NFTs, connecting entrepreneurs and everyday people with instant and secure access.
Natural capital — Natural capital refers to the wealth of resources that make up our natural world, including water, air, soil, habitats, and ecosystems. Ekta unlocks the true value of natural capital through tokenization, making it easier for people everywhere to invest and earn while promoting sustainable development.
Public sector — Many societies suffer from archaic management systems that are cumbersome and expensive to maintain while posing obvious security risks. Ekta provides solutions that can secure personal data, drastically increase efficiency, and build trust through transparency and accountability.
Ekta Chain
Ekta Chain is a decentralized, high-efficiency, and energy-saving public chain and the core product of Ekta, which achieves smart contract compatibility (using solidity for development and 100% Ethereum compatibility) on the basis of supporting high-performance transactions.
Ekta Chain aims to connect profit with purpose, by performing two important functions:
Make real-world resources such as natural capital and property more accessible through tokenization and non-fungible tokens (NFTs),
Connect entrepreneurs, retail participants, and everyday people with instant and secure access to resources through decentralized systems that we’ve already developed and will be developing in the future.
Consensus mechanism — Ekta Chain uses the Ekta proof of stake (EPoS) consensus mechanism which ensures low transaction costs, low transaction delays, and high transaction concurrency and supports up to 21 validators
Ekta aims to develop and support startups focused on sustainable businesses within the following industries:
Green Technology,
Next-Generation AI,
Blockchain,
Internet of Things,
Artificial Intelligence of Things,
Renewable Energy,
Sustainable Lifestyle Consumer Goods and Services.
What is an EKTA token?
The native token of the Ekta Chain is Ekta Token ($EKTA) which adopts the EPoS consensus mechanism. Ekta Token is designated $EKTA on decentralized exchanges and is the main token of the Ekta ecosystem. By staking $EKTA, users can mine for more $EKTA. By holding $EKTA, users become part of the entire Ekta ecosystem.
Tokonomics
Token Name: Ekta
Token Ticker: EKTA
Blockchain: Binance Smart Chain
Total Supply: 210,000,000
EKTA is a sustainably mined token with a self-sustaining ecosystem. EKTA tokens are energy-efficient as they are mined by staking EKTA itself, a system smart contract that allows token holders, traders, and yield farmers to participate in Automatic Market Maker (AMM) exchanges to mine for $EKTA.
Roadmap
Team
Conclusion
Ekta is the first blockchain project that empowers users and communities to build a physical world, one that is centered around unity, entrepreneurship, and decentralization. Ekta aims to create an interconnected community where everyday people have better access to capital, reducing the wealth gap and changing the lives of millions. Retail investors are often risk-averse and approach new ventures with caution. So in order to effectively connect global retailers with venture capital, it’s essential to develop a low-risk participation framework. This is the primary goal at Ekta.
Read More Here
Website: https://www.ektaworld.io/
Twitter: https://twitter.com/ekta_io
Telegram: https://t.me/joinchat/oxvOvHZIn-s3NmUx
Medium: https://medium.com/ekta-io
Author
Forum Username: Tatank
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2463756
Telegram Username: @sonyZz
BSC Wallet Address: 0x0dc734919Fa5812f53EF71B1Cf040bE88d7675Ca