Epics DAO announces Token Burn Plan for $EPCT
Epics DAO announces Token Burn Plan for $EPCT
Epics DAO has announced a token burn plan for its community utility token, $EPCT.
$EPCT Token Economy and Token Burn Plan
According to the Epics token burn plan, 33% of Epics platform fees will be burned. The maximum supply of EPCT tokens is 1 billion, but the burn will reduce their token supply to 100 million.
In general, when the supply of tokens decreases and the demand stays the same, it creates upward pressure on the token price. Epics platform fees are mainly generated when creating quests and clearing quests, but by burning tokens there, you can expect quest achievements on the platform and an increase in token prices.
For Hodlers (investors who hold tokens without selling them), the value of their tokens rises relatively due to burns, so EPCT tokens are not only for use, but also an incentive to own them.
It is hoped that this will gain the attention, understanding, and support of those who are not normally involved in open source development, and at the same time, create a win-win relationship, making the open source development market more sustainable and robust.
Open source development is facing a serious resource shortage as it becomes more important every day
In 2022, 78% of all codebases were open source software. In this 12 years, the use of open source software in the software development field has suddenly become an industry standard. It's no exaggeration to say that open source software is essential to modern innovation.
However, since contributions to open source development are still basically free of charge, open source development is causing a serious shortage of resources as the importance of open source software increases day by day.
On the other hand, there are many developers who want to devote their lives to open source software development.
We are working to solve this resource imbalance problem with the power of Web3 token economy.
Detail (Slides): https://speakerdeck.com/epicsdao/epics-buidl-to-earn
Epics - Decentralized Crowdsourcing Platform
Epics is a decentralized crowdsourcing platform for incentivizing open source software development.
Clients can set up a GitHub issue as a Quest (Smart Contract). Developers can receive token prizes by solving issues (quests).
This ecosystem makes developers focus on problems in their expertise. Also, clients will be able to solve more advanced problems.
The more token prizes, the more attention to be solved issues. As a result, open source software grows faster in quality.
Epics solves resource imbalances in software development.
For developers, we can realize a world where they can fully demonstrate and develop their own skills, and for clients, we can realize a world where they can develop higher quality open source software and use open source software more safely.
We would like to contribute to the development of open source software as a more reliable, high-quality global software asset.
Epics Platform: https://alpha.epics.dev/en
$EPCT Token Airdrop for Open Source Projects
Epics DAO will airdrop 100,000
EPCT (Solana Labs' DAO tool project Realms ( https://app.realms.today/discover ), multi-chain oracle DIA ( https://www.diadata.org/ ), streaming payment protocol Zebec ( https://zebec.io/ ) and more are the open source projects already approved to get the airdrop.
They can use $EPCT to create bounty quests for GitHub issues they want resolved on the Epics platform.
Developers can earn $EPCT by clearing bounty quests on Epics.
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EPCT will be able to be exchanged for Airdrop Detail (Slides): https://speakerdeck.com/epicsdao/airdrop-for-open-source-projects
Form for the Airdrop for Open Source Projects: https://forms.gle/S7g9Cv9EfzVX3cHJ6
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