About eLur-coin
eLur-coin (ELURC) is a utility token operating within a decentralized autonomous organization (DAO) based in Brittany. Built on the Solana network, ELURC aims to drive a decentralized exchange (DEX) while funding social, cultural, and scientific projects in the region over the next 88 years. Harnessing Solana's scalability and minimal transaction fees, ELURC positions itself as a robust player in the decentralized finance (DeFi) ecosystem.
The vision behind eLur-coin is to establish a DEX that reflects Breton identity, integrating community governance with funding for intergenerational projects in research, education, arts, and sustainable infrastructure. The mission includes providing a fast, low-cost trading platform for tokens on Solana and allocating a significant portion of DAO reserves to support various initiatives, including marine energy research, the promotion of the Breton language, cultural festivals, NFT museums, art grants, and sustainable infrastructure development.
The tokenomics of eLur-coin includes a total supply of 1 billion tokens, with 45% reserved for the DAO to be gradually released over 88 years. The distribution also involves allocations for the team, venture capital, vested holders, and an initial circulating supply from public sales and airdrops. Key mechanisms such as staking offer liquidity providers annual rewards, while deflationary measures include burning a portion of tokens used in swaps and regular buybacks funded by DEX revenues.
With an initial price target set at $0.0001 per token, eLur-coin aims to attract a substantial user base of 60 million through focused marketing strategies and targeted airdrops. The project's ambitious target includes facilitating $14.39 billion in funding for various community projects over its operational lifespan.
eLur-coin stands out as the first DEX with a national impact model, underpinned by a sustainable economic framework. By leveraging the speed and cost-efficiency of the Solana blockchain, it seeks to create a unique and impactful financial ecosystem that benefits both users and the broader community.