Echelon Prime

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Discover Echelon Prime's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Echelon Prime?

Echelon Prime (PRIME) is a decentralized play-to-earn game built on the Ethereum blockchain, utilizing its native token, PRIME. It provides players with opportunities to earn PRIME tokens by participating in ranked matches, staking, and other gaming activities. The ecosystem includes a sci-fi trading card game called Parallel TCG and an AI-infused survival game called Parallel Colony, set to debut on Solana. PRIME tokens can be used to purchase in-game items, participate in events, and stake for rewards.

How is Echelon Prime used?

Echelon Prime (PRIME) is used in various ways within the Echelon ecosystem. It is the native token and serves several purposes:

  1. Governance: PRIME is used for governance, allowing holders to vote on the future of the Echelon Prime Foundation.

  2. Gameplay: Players can earn PRIME by participating in gameplay, particularly in the science fiction trading card game, Parallel TCG. The amount of PRIME earned is determined by factors such as the Base Rate, Ladder Rank, Key Modifiers, and the percentage of NFT cards in a player's deck.

  3. Prime Events and Caching: PRIME is initially released through Prime Events and Caching.

  1. Prime Sinks: Holders of PRIME can use it within the Echelon ecosystem through Prime Sinks.

  2. Staking: Echelon Prime uses a unique staking mechanism that allows traders to earn tokens funded by their assets within the ecosystem.

  3. Proposal Submission: PRIME can be used to submit proposals within the ecosystem.

These uses highlight the multifaceted nature of the PRIME token, which is designed to enhance the gaming experience and provide utility within the Echelon ecosystem.

How do I store Echelon Prime?

To store Echelon Prime (PRIME) tokens securely, you can use either a paper wallet or a hardware cold wallet.

Paper Wallet

A paper wallet is created by generating a public and private key offline using a program. The keys are printed in the form of QR codes, which you can scan for future transactions. This method is offline and considered secure.

Hardware Cold Wallet

Hardware wallets are physical devices where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person possessing the USB drive can access the assets. This method is also offline and preferred by many users, especially for storing large numbers of coins or tokens.

How to buy Echelon Prime?

To buy Echelon Prime (PRIME) tokens, follow these steps:

  1. Create an account on a reliable cryptocurrency exchange:

    • Go to the website or app of a trusted exchange like Coinbase, Binance, or others.
    • Register and provide the required identification documents to verify your account.
  2. Choose your payment method:

    • Most exchanges support credit/debit cards, bank deposits, peer-to-peer trading, and third-party payment channels.
    • Select the method that suits you best.
  3. Fund your account:

  • Deposit the chosen currency into your exchange account using your selected method.
  • Ensure the account is fully funded before proceeding.
  1. Purchase Echelon Prime (PRIME):

    • Navigate to the exchange's trading platform and find Echelon Prime (PRIME).
    • Choose the amount you want to buy and select the order type (market, stop, or limit).
    • Confirm your order and wait for the transaction to complete.
  2. Store your PRIME tokens:

    • You can store your PRIME tokens in the exchange's wallet or transfer them to a personal cryptocurrency wallet like Trust Wallet or Metamask for added security and flexibility.

Remember to research and understand the fees, risks, and terms associated with each exchange and payment method before making a purchase.

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History of Echelon Prime

Echelon Prime (PRIME) is a cryptocurrency that is part of the Echelon ecosystem, a non-profit organization focused on developing the next generation of gaming and Play-to-Earn (P2E) economies. The Echelon Prime Foundation is dedicated to building and supporting a gaming and P2E ecosystem for game developers via an ERC-20 based token (PRIME) and web3 tools that can be built upon the Echelon ecosystem.

The Echelon ecosystem is designed to provide infrastructure to support a larger gaming and collecting ecosystem that is envisioned to extend beyond any particular project. Over time, a broad, decentralized community of gamers and collectors will determine Echelon’s evolution and priorities.

PRIME is the native currency of the Echelon ecosystem and is currently being utilized by Parallel TCG, a sci-fi trading card game. The primary utility of PRIME is realized via participation in Echelon governance and P2E games in Echelon’s ecosystem, staking, as well as activation of premium Echelon services and smart contracts.

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How Echelon Prime works

Echelon Prime (PRIME) is a Web3 ecosystem designed to advance the next generation of gaming and Play-to-Earn (P2E) economies. Here's how it works:

Echelon Prime Foundation

The Echelon Prime Foundation is a non-profit organization focused on developing tools and infrastructure to support innovation in gaming and P2E economies. It creates and distributes essential tools, including smart contract libraries and secure communication protocols, to encourage the growth of novel gaming models and economies.

PRIME Token

PRIME is the native token of the Echelon Prime Foundation. It is an ERC20 token with a fixed total supply of 111,111,111.111. The token is used for governance, staking, and as a utility token within the ecosystem. PRIME is the primary currency for transactions and interactions within the Echelon Prime ecosystem.

Governance and Staking

PRIME token holders can participate in governance by voting on proposals for the future of the Echelon Prime Foundation. Additionally, staking PRIME tokens allows users to earn more tokens and provides stability to the network. Staked tokens can also unlock additional voting power within the governance mechanism.

Play-to-Earn (P2E) Mechanics

The P2E function continuously supplies PRIME tokens to players, which can be used to purchase digital assets and services exclusively within the ecosystem. These assets and services include NFTs, in-game cosmetics, and other digital items. The pricing for these commodities is dynamically adjusted based on oracle inputs to offset potential over-supply.

Ecosystem and Tools

Echelon Prime provides tools and infrastructure for game development studios to build new games and experiences within the ecosystem. This includes smart contract libraries, secure communication protocols, and other essential tools. The ecosystem is designed to be decentralized and community-led, with the community determining the direction of the project.

Parallel TCG

Parallel TCG is a popular card game within the Echelon Prime ecosystem. It has over 150,000 games played and is backed by Coinbase. The game is part of the Echelon Prime Foundation's efforts to create engaging gaming experiences that leverage blockchain features.

Tokenomics and Utility

PRIME tokenomics are designed to ensure the token's value is maintained through its utility within the ecosystem. The token is used for governance, staking, and as a utility token for transactions and interactions within the ecosystem. The token's value is also influenced by its use in P2E mechanics and the demand from game development studios and players.

Overall, Echelon Prime (PRIME) is a comprehensive ecosystem that combines gaming, blockchain, and decentralized governance to create a unique and engaging experience for gamers and developers alike.

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Echelon Prime's strengths

Echelon Prime (PRIME) has several strengths that contribute to its value and utility within the web3 ecosystem:

  1. Advanced Trading Features: Echelon Prime offers advanced trading features such as real-time market data and customizable trading charts, enabling traders to make informed decisions.

  2. Web3 Gaming Ecosystem: Echelon Prime is designed to support web3 gaming, providing a comprehensive ecosystem for game development and player engagement. It includes tools for creating high-quality web3 games, ensuring equity for players, and promoting interoperability.

  3. PRIME Token Utility: The PRIME token serves multiple purposes, including facilitating community development, transferring value among stakeholders, governance, and rewarding players in P2E games. It also activates premium services and smart contracts, such as the wallet-to-wallet messaging service, inb0x.

  1. Staking and Security: PRIME tokens can be staked, adding security to the network and providing additional voting power within the governance mechanism. This incentivizes token holders to participate in maintaining the network's stability.

  2. Ecosystem Integration: Echelon Prime supports the integration of various projects and game development studios, providing a platform for building web3 games and experiences. This broadens the potential demand for the PRIME token and enhances its value.

These strengths collectively contribute to Echelon Prime's position as a leading web3 ecosystem for gaming and its potential for growth and adoption.

Echelon Prime's risks

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Did Echelon Prime raise funds?

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Echelon Prime’s team

Here are the team members behind Echelon Prime (PRIME):

  • Wilbur: Creator of Echelon Prime.
  • Emissary Primes: 11 leaders elected by the community via governance mechanisms to run the foundation and determine its future.
  • Ecosystem Managers: Holders of PRIME responsible for community treasury allocations, system smart contract auditing, and the election of foundation members.

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