In the dynamic landscape of cryptocurrency, Ektachain and its native token, $EKTA, have emerged as a beacon of innovation. Going beyond the traditional confines of digital currency, Ektachain envisions revolutionizing sectors, notably real estate through blockchain-based tokenization. Ekta token not only represents trade potential but also embodies the bridge between conventional real estate and the limitless possibilities of blockchain.
Join us to explore the amalgamation of visionary technology, strategic partnerships, and the driving forces that could potentially steer $EKTA to a remarkable 100x growth trajectory.
What is Ektachain?
Introducing EktaChain, the groundbreaking mainnet that harnesses blockchain’s prowess to tokenize tangible assets, thereby rendering physical assets and their intrinsic value as virtual counterparts.
As per its official website, Ekta is a Layer 1 blockchain project that connects the physical world with Web3. With its robust infrastructure and ambitious road map, Ekta is developing products that improve people’s lives and positively impact the natural world. The Ekta platform connects traditional businesses [especially real estate] industries to the blockchain space.
Official website – https://www.ekta.io/
Ekta Ecosystem
When we put Ekta’s ecosystem side by side with other ecosystems in the same market cap range, it becomes evident that EktaChain is significantly ahead of the competition. The Ekta ecosystem is built upon five essential components, accompanied by seven primary consumer products that cleverly utilize these components to make Web 3 accessible to a wide audience:
Ekta Portal
Plug & Earn your way into Web3
NFT Marketplace
Home of Ekta’s NFT projects
MetaTrees
Plant-to-earn blockchain app that offsets carbon
Ekta Island
Own a piece of paradise, generate passive income, & elevate your lifestyle
Ekta Assets
Buy & sell fractional NFTs of real world assets
Team
As per its whitepaper, Ekta ecosystem has various team members, though the key persons on the website are following:
Berwin Tanco
Co-Founder, CEO
Jason Zheng
Co-Founder, CMO
Alex Shapiro
Co-Founder, CTO
The website introduces different team members, and when we checked out their Twitter and YouTube channel, it became clear that the team is really active on social media and engages a lot with the community. This is a positive sign of their dedication.
Ekta Blockchain Features
EktaChain Mainnet – the blockchain, it consists of the following features:
- EktaBridge
- EktaScan
- EktaClaim
- EktaStake
- EktaReadiness
Community Following And Engagement
Twitter – 13.5k followers
Youtube Channel – 2.13k Subscribers
Telegram –
While their follower count might not be as high as some others, it’s important to note that the team remains highly engaged on social media. They consistently keep the community informed about their latest updates and activities.
Supply Dynamics and Scarcity
As per Coingecko:
Total Supply – 407,121,596 token
The circulating supply – 201,107,270 token
A significant point to highlight is that the initial total supply stood at 420,000,000 tokens. However, due to the token’s deflationary nature, a portion of tokens has been burned. As a result of these burn events, the current total supply has reduced to 407,121,596 tokens.
The following is the token holding pattern as per their official website:
*Deflationary mechanism – Each project launched on EktaChain will burn $EKTA tokens collected to reduce the supplies of $EKTA
Technological Innovations
Ekta’s technical innovation shines through its comprehensive ecosystem comprising five core components and seven core consumer products, all meticulously designed to pave the way for Web 3 mass adoption. Key components like the EktaChain Mainnet, EktaBridge, EktaScan, EktaClaim, and EktaStake form the foundation for seamless operations and user-friendly experiences. Additionally, Ekta’s lineup of consumer products including the Ekta NFT Marketplace, Ekta Real Estate Marketplace, Ekta Assets, Ekta Island, MetaTrees, Ekta Portal, and Ekta HYBEX exhibit their commitment to real-world utility, efficiency, and transparency through blockchain technology. This multifaceted approach positions Ekta as a true trailblazer, integrating tangible assets and innovative tools to revolutionize the digital landscape.
Strategic Partnerships and Collaborations
Who has invested in Ekta?
Ekta was initially self-funded by its founders and their personal networks with an initial capital injection of $5,000,000 USD.
As per official website of Ekta, the Ekta ecosystem has the following partners, though the details and nature of partnership is unavailable:
Media Coverage:
PRICE ANALYSIS and PREDICTION
As of the time of composing this article, the Ekta token is valued at a mere $0.00478787, representing a staggering 99.92% decrease from its previous all-time high of $5.92, reached on February 18th, 2022, shortly after its launch. Presently, with a circulating supply of 201,107,270 tokens (constituting 49% of the total supply), the overall market capitalization rests at a modest $968,253.
Considering a hypothetical scenario where the token’s price rebounds to its previous pinnacle of $5.92, the required increase would amount to an astounding 1236x. Should such an outcome transpire, the resulting market cap would soar to a monumental $1.19 billion. While such calculations reflect a potential scenario, it’s crucial for crypto investors to exercise caution, given the inherent volatility of the market.
Conclusion
The project exhibits a robust technical foundation and stands poised to address distinctive challenges through blockchain solutions. With an emphasis on real-world utility and an array of innovative products, Ekta demonstrates a comprehensive understanding of its market. Should the team maintain their current proactive approach and successfully activate all Ekta projects, effectively aligning them within a functional framework prior to the anticipated market surge, the potential for the EKTA token’s value to surpass the 100x threshold becomes a plausible reality.
In coming time, we will try to publish interviews of key team members on our website, so stay tuned to Onchain Standard.
Disclaimer:
The content presented in this article serves as an analysis of the token’s potential, drawing comparisons with other tokens and assessing its fundamental attributes and price movements. It is essential to recognize that this article does not constitute financial advice. The insights provided are purely for informational purposes and should not be construed as endorsements or recommendations to make any investment decisions. We strongly urge readers to conduct their own thorough research and consult with financial professionals before engaging in any form of investment. The crypto market is highly volatile and speculative, and investments should be undertaken with caution and careful consideration of individual risk tolerance. The authors and publishers of this article do not take any responsibility for the financial decisions made by readers based on its content.
