🪙Eclipse (ECLIP) Token

What is the Eclipse ($ECLIP) token?

The $ECLIP token is the governance and utility token of the Eclipse launchpad and in the future the native token of the whole Eclipse ecosystem.

At first, the $ECLIP token will be launched as a CW20 standard token on top of the Juno Network.

When Eclipse becomes its own app chain, $ECLIP will migrate to the native blockchain token of the Eclipse ecosystem.

The $ECLIP token is crucial in the determination of IDO participation

What use case does the $ECLIP token have?

The $ECLIP token will have the following utilities:

Used to earn Cosmic essence and participate in IDO launches

The $ECLIP token is used to determine participants in IDO rounds. Often popular launches can be oversubscribed, with more investors wanting to participate than allocations available.

A tier mechanism based on $ECLIP staking helps to reward investors with more long-term commitment and skin in the game, and helps to increase the chances of allocation inside the IDO.

Staking the $ECLIP token allows users to receive Cosmic essense which is used to help determine tiers. More on that here: Tiers, Whitelisting and Cosmic Essense The model has been developed to find the balance between rewarding committed users and also allowing higher accessibility to more people. Including users who join later on.

Community governance

Community governance will not be implemented from day one, due to the high need for governance participation and being able to pivot rapidly in the early days. But governance will play a key role in the future of Eclipse Pad and the Eclipse ecosystem. For the approval of launch projects, governance proposals, as well as pieces of the management of the rewards pool and investment DAO pools. The $ECLIP token will act as this governance token for Eclipse Pad. Incentive mechanism for bootstrapping staking and liquidity

The $ECLIP token will be used to bootstrap staking rewards as well as liquidity and distribute out to the community in the earlier days. The plan is to build out the sustainability of staking rewards over the long-term.

More on these plans can be found here: Rewards Pool

For liquidity, our goal is to accumulate protocol-owned liquidity for long-term liquidity, as well as liquidity on centralised exchanges. The $ECLIP will be used to incentivise and dual incentive pools in the earlier days to attract the required liquidity depth for stable price action.

Bringing value back to the community

We believe in the importance of value being brought back to the community and users. Value in the Rewards Pool will flow back to $ECLIP token stakers performing certain actions and within certain parameters. This ensures that past value generated from launches on Eclipse Pad goes back to the loyal community.

Locked into LPs in the upcoming liquidity launcher (Coming soon)

This modeling is still under development, but in this instance; the $ECLIP token will be used as the other side of launch liquidity pools, helping projects easily seed their launch liquidity pools. This would lock up $ECLIP tokens inside LP pools.

Future utilities in the Eclipse ecosystem

The plan is to build out an ecosystem of launch products, and the $ECLIP token will play a key role in all of this. We foresee more exciting utilities in the ecosystem to come which will bring more utilities and value for the token.

Where can I buy the $ECLIP token?

An indepth guide for purchasing the $ECLIP token can be found here: Buying and Staking $ECLIP

We have built multiple options and methods for purchasing the $ECLIP token to make it as easy and frictionless as possible, here are the methods which will be available:

• One-click purchasing on the platform

• Through Major DEXes and orderbooks on Cosmos

• Integration with Kado onramp to purchase directly from your bank

• Integration with Squid to purchase with a range of cross-chain assets

• Through a range of top centralised exchanges

Can I stake the $ECLIP token?

Yes, the $ECLIP token has staking available, you can find out more about staking in Tiers, Whitelisting and Cosmic Essense and more on the technical pieces under Staking A staking guide can be found under Buying and Staking $ECLIP. (Note that currently, this staking is different from the staking which secures a POS chain. In the Cosmos, it would be more similar to locking. In the future, with the development of the Eclipse appchain, the $ECLIP token may be used to secure the network, but this is dependent on the chain security model which will is chosen. Own security or shared.)