Earthlings Coin

Complete Documentation: Conceptual Framework + Technical Specification

Version 2.1 Extended - 2026-01-30
This document describes the target architecture and public policies. It is not an offer, does not promise listing or value appreciation, and does not replace legal documents.

On the Nature of Earthlings Coin: Earthlings Coin represents a utility token of the Earthlings People ecosystem - ...that enables Earthlings ...to fully realize their capabilities and provide for their material needs. and provide for their material needs.. EC functions as a digital coordination instrument that connects participation, contribution, and service access into a unified economic architecture. Unlike traditional currencies tied to sovereign states or speculative cryptocurrencies focused on market capitalization, EC is created for a specific purpose: to ensure transparent tracking of Earthlings' contributions to common infrastructure development, provide utility access to ecosystem services, and create a sustainable foundation for decentralized resource management. ...built on principles of fair distribution and a clear link between contribution and reward.

Evolutionary Development Path: In the early stage, Earthlings Coin functions exclusively within the Earthlings ecosystem - as a means of participation in cells, DAO, and digital services, as a mechanism for coordinating initiatives, and as an instrument for internal fund distribution. As the Earthlings population grows, utility functions expand, and the ecosystem's economic layer strengthens, EC may gain market liquidity through listing on decentralized and centralized exchanges, subject to compliance with applicable legislation. However, market value is not a goal in itself - it is viewed as a natural consequence of ecosystem maturity and utility, ...not as a design premise..

Design Philosophy: The architecture of Earthlings Coin is based on a fundamental separation of economic and political influence. The token does not grant additional votes in the DAO - governance remains with the principle of "one Earthling = one vote" regardless of EC holdings. This means that token accumulation does not convert into control over other participants. EC emission and distribution are tied to real contribution - implementation of initiatives within cells, creation of products and services, infrastructure development, production of educational content and other values for the ecosystem. External capital alone provides no advantages in token acquisition: participation is more valuable than initial capital. All emission parameters, distribution mechanisms, and governance rules are published openly and subject to blockchain verification, creating a transparent system free from hidden privileges.

Document Structure: The document consists of three parts. Part I reveals the conceptual foundation - the token's role in the ecosystem, design principles, emission and distribution model, utility use cases, integration with DAO and cells, market evolution prospects, privacy and regulatory compliance issues. Part II contains technical specifications - whitepaper of target utility architecture, detailed token parameters, tokenomics with vesting schedules, treasury management policy, risk matrix, security requirements, and listing readiness criteria. Part III presents appendices and additional specifications - indicative economic model, legal architecture, utility service pricing mechanisms, liquidity strategy, and smart contract technical specification.

SECTION 01

Introduction: Why Earthlings Coin

Earthlings Coin (hereinafter - EC) is a component of economic coordination within the Earthlings People ecosystem. Its role is not to replace trust and social connections, but to complement them with ...a durable instrument for tracking and measuring contribution, work, and rewards, and for recording collective decisions..

The Problem EC Solves

Traditional currencies are tied to sovereign states, digital payment systems are controlled by corporations, and cryptocurrencies often turn into speculative assets. Earthlings need ...their own internal medium of exchange that remains under ecosystem control and cannot be exploited by outside parties..

What EC Provides to Participants
  • measurable economic footprint (work, contribution, participation);
  • access to ecosystem utility services;
  • participation in funds and collective resource allocation decisions;
  • transparent reward mechanism without intermediaries.
"EC is an instrument for creating abundance through coordination and participation in the Earthlings ecosystem."
SECTION 02

Core Design Principles

The Earthlings Coin architecture is based on several key principles that distinguish it from typical cryptocurrency projects.

1. Utility Over Price

EC success is measured not by market capitalization or dollar price, but by how well the token helps coordinate real work, initiatives, and services of Earthlings. If utility works stably, this matters more than any market fluctuations.

2. Separation of Functions

DAO governance decisions, SBT identity of participants, and the economic layer (EC) are three separate axes that should not merge. EC does not determine who has voting rights; SBT does not depend on economic contribution.

3. Transparency and Verifiability

All key EC parameters - emission, distribution, usage rules, multisig composition, vesting - are published openly and verifiable through blockchain. Hidden mechanisms or opaque pools contradict the Earthlings spirit.

4. Concentration Restraint

Vesting mechanisms, grant caps, deliberation in cells before resource allocation - all of this reduces the risk of EC monopolization by individual groups or participants.

5. Compliance-Ready Approach

EC is designed to adapt to regulatory requirements of various jurisdictions. This does not mean abandoning decentralization, but it does mean readiness to integrate KYC/AML where necessary for legal operation.

6. Security and Resilience

Technical solutions undergo independent audits. Critical operations are protected by multisigs and timelocks. The ecosystem prepares for incidents and has response plans.

Key Principle: Earthlings Coin is created to serve the Earthlings ecosystem, not to create an ecosystem around the token. The token is a tool, not a goal.

SECTION 03

Emission and Distribution

The EC emission and distribution model is designed to avoid early dumping, ensure fair distribution, and maintain long-term ecosystem sustainability.

Basic Structure

General Approach
  • fixed or managed-limited total supply (to be specified before launch);
  • phased token unlocking through vesting contracts;
  • public on-chain visibility of all major allocations;
  • prohibition of hidden premines or secret reserves.
Conditional Distribution Categories
  • ecosystem development fund (infrastructure, security, key services);
  • cell and initiative funds (pilots, prototypes, research);
  • participant rewards (for contribution, code, expertise, training, content);
  • reserves for partnerships and programs (universities, NGOs, research centers);
  • liquidity (if and when created) - according to a separate public policy.

Vesting Principle

Shares associated with founders, team, and early partners are unlocked gradually (e.g., 4-year vesting with 1-year cliff). Specific terms and rules are published before distribution launches and are fixed in immutable contracts or tables.

Detailed percentages, exact vesting terms, and contract addresses will be published in a separate "Token Spec" document after parameter finalization. This describes the general logic, not specific figures.

SECTION 04

Utility Use Cases

EC does not exist in a vacuum. Its application is determined by the specific needs of the Earthlings ecosystem.

1. Access to Services
  • computational resources (servers, GPU time for data processing, machine learning);
  • data storage (distributed storage, initiative archives);
  • access to expert consultations, AI assistants, analytical tools;
  • participation in Earthlings idea platforms, expertise, and mentoring programs.
2. Project Work and Rewards
  • cell participants receive EC for completing work, developing modules, creating content;
  • reward size is determined through DAO procedures and expert evaluation;
  • tokens are tied to results (deliverable), not time spent;
  • everything is public: who, for what, and how much received - recorded on-chain.
3. Funds and Collective Decisions
  • formation of targeted funds (environmental, educational, social, technological);
  • collective selection of initiatives receiving support from these funds;
  • transparent reporting: who, how much, and for what received, with linkage to results.
4. Experimental Models
  • research on links between incentives and collective behavior;
  • pilot initiatives on alternative economic models (time, contribution, impact);
  • experiments with hybrid models where EC integrates with other Web3 systems in a research format.
Internal EC use is not a "preparatory" stage before exchange listing, but an independent layer of participation economy. Even without an external price, the token makes sense if the Earthlings ecosystem creates real services, initiatives, and tools.
SECTION 05

Earthlings Coin, DAO, Cells, and SBT Identity

EC is integrated into the Earthlings DAO architecture, the cell system, and the biometrically verified identity model (SBT tokens), but does not dominate them. It complements these layers by providing the economic layer.

DAO and Voting
  • DAO voting is based on the "one Earthling - one vote" principle, tied to SBT identity;
  • EC does not grant additional votes and is not used as vote "weight";
  • the token may be used as an engagement signal (e.g., staking for participation in certain procedures), but without becoming a source of governance influence;
  • decisions about token parameters are made by the DAO, but within regulatory constraints.
Cells and Projects
  • initiative cells can receive EC from ecosystem funds for initiative implementation;
  • professional cells can receive rewards for expertise, support, and initiative audits;
  • participant contributions are recorded in combination: SBT (identity) + EC (economic footprint);
  • after initiative completion, ...tokens provide a clear picture of participation and contribution across the entire system..
EC strengthens DAO and cells but does not replace them. Identity, voice, and economic footprint are three different axes of the Earthlings system that should not merge into a single point of control.
SECTION 06

Earthlings Coin Market Entry Perspective

The prospect of EC appearing on decentralized (DEX) and centralized (CEX) exchanges is an important part of the Earthlings vision, but not its starting point. First comes ecosystem and utility value; then market evolution, if justified.

Stage 1. Internal Economy
At this stage, the token is used exclusively within the Earthlings ecosystem: for initiatives, cells, services, funds. Basic mechanisms of emission, distribution, security, and user experience are tested. Technical and methodological audits are conducted.
Stage 2. Limited Liquidity
Limited exchange mechanisms may be launched within strictly regulated scenarios: pilot integrations with Web3 protocols, internal service markets, experimental models. Each scenario undergoes legal review and DAO approval.
Stage 3. Exchange Listing
Upon ecosystem maturity and exchange interest, EC may be submitted for listing on DEX and CEX, complying with AML/KYC requirements and regulations of relevant jurisdictions. Listing is considered an opportunity, not a promise.
The key wording is: EC may gain exchange liquidity in the future subject to compliance with all requirements and real ecosystem value, but this is not a guaranteed or promised outcome. Listing decisions are made by independent exchanges and the market, not solely by the Earthlings People.
SECTION 07

Privacy, KYC, and Regulatory Compliance

EC is integrated into the overall Earthlings privacy and identity policy. This is especially important for potential interaction with external financial and exchange structures.

On-chain and Off-chain Layers
  • on-chain EC transactions are stored in a distributed ledger in pseudonymous form;
  • off-chain KYC/AML procedures (when necessary) are performed by licensed providers;
  • Earthlings People does not store raw biometric data and document scans: the Earthlings verification system processes only mathematical templates in real time without storing original images;
  • analytics systems use aggregated and anonymized data, minimizing participant privacy risks.
Participant Rights and Limitations
  • participants may request access, correction, or deletion of personal data for which the Earthlings People is the controller;
  • biometric data is processed by the Earthlings proprietary verification system and is not retained after verification is complete;
  • blockchain records are by definition immutable, but their use in interfaces and analytics is subject to privacy and data minimization principles;
  • EC infrastructure should not be used for covert tracking of Earthlings behavior outside the Earthlings ecosystem context.
The entire EC architecture is designed with preservation of human dignity and the right to privacy in mind. The economic layer should not become an instrument of covert surveillance.
SECTION 08

What Earthlings Coin Is NOT

Clarity in this document is essential to guard against false expectations and legal risk. EC deliberately excludes a number of promises and roles:

Not an Investment Product

Earthlings Coin makes no promises regarding future value, dividends, or guaranteed liquidity. Any attempts to interpret EC as No change needed; rendering is appropriate. contradict its nature.

Not a Means of Payment for Labor (Yet)

EC does not replace salaries and official forms of employment compensation at the current stage of development. After market liquidity emerges, EC may be used as a payment method where local legislation permits. However, this does not negate the need to comply with labor laws in commercial activities.

Not a Governance Right Through Tokens

EC does not buy votes in the DAO. Holding more EC does not increase a participant's weight in governance. DAO voting is based on the principle of "one Earthling - one vote" and is tied to SBT identity, not token balance.

Not a Speculative Asset

The system is not optimized for maximizing EC price. If market liquidity emerges, it will be a side effect of ecosystem development, not a design goal. Speculative trading is not encouraged and is not the primary use case.

SECTION 09

Model Limitations and Disclaimer

At the time of this document's preparation, EC is in the concept stage. The Earthlings People ecosystem is actively developing but ...has not yet completed full technical, economic, and legal validation..

What Is Important to Understand
  • the described architecture does not guarantee success or sustainable token price - it only sets a logically consistent framework;
  • any forecasts about possible future EC value are scenarios and hypotheses, not promises;
  • participation in Earthlings initiatives and receiving EC does not replace labor legislation, social security systems, or government guarantees;
  • in case of conflict between internal decisions (DAO, token rules) and national law, the laws of the relevant country take precedence.
Legal Notice
  • this text is informational and conceptual in nature and does not constitute legal, financial, or investment advice;
  • EC is not offered here as an investment object and is not accompanied by any promise of income;
  • specific token implementation in individual jurisdictions will be adapted to local regulations and may differ from the base model;
  • details will be additionally set forth in legally vetted documents: terms of use, privacy policies, provider agreements, etc.
PART II
Technical Specification v2: Implementation Details
SECTION 10

Whitepaper: Target Utility Architecture

EC is a utility token for the internal participation economy of the Earthlings People ecosystem. Its purpose is to ...make participation measurable, services accessible, and internal resources easy to coordinate..

Specific Utility Scenarios with Price Examples

Access to Services
  • AI assistant: 10 EC per 1 hour of work
  • GPU computing: 50 EC per 10 hours
  • Cloud storage: 5 EC per 100 GB/month
  • Analytical tools: 20 EC/month subscription
Cell Rewards
  • Educational course (development): 5,000 EC
  • Technical module (code): 8,000 EC
  • Research report: 3,000 EC
  • Expert consultation: 500 EC/hour
Project Funding
  • Environmental initiative: up to 50,000 EC
  • Social initiative: up to 30,000 EC
  • Research: up to 75,000 EC
  • Proof of concept: up to 15,000 EC
Anti-spam Mechanisms
  • Proposal submission: 100 EC stake (returned upon acceptance)
  • Cell registration: 500 EC deposit
  • Dispute resolution: 200 EC collateral

Integration with SBT Passports

Two-Level Architecture

Level 1 - Governance (SBT): SBT passport confirms identity through biometrics. One person = one SBT = one vote in DAO governance decisions. SBT is non-transferable (soulbound).

Level 2 - Economic (EC): EC measures economic contribution and is used for utility. EC quantity does NOT affect governance weight. EC is transferable.

Protection: SBT prevents Sybil attacks (impossible to create fake accounts). The cell system and deliberation prevent plutocracy (wealth ≠ power).

Resource Distribution Mechanism

Voting Through SBT Identity

For distributing funds between initiatives, voting through SBT identity is used: one person = one vote.

Additional protection mechanisms:

  • Grant size caps: financing up to 10,000 EC - by simple majority; from 10,000 to 100,000 EC - by simple majority with a raised quorum; over 100,000 EC - by qualified majority (67%), per the Charter and the "Earthlings Treasury" document
  • Milestone-based unlock: funds are unlocked gradually as milestones are completed
  • Deliberation in cells: discussion and expert evaluation before voting
  • Public reporting: all decisions and their justifications are published

Application: Only for economic decisions (fund distribution). NOT applied to DAO governance decisions (where the same "one person = one vote" system applies).

Key Boundary: Economic footprint (token) and governance right (SBT identity, "one Earthling - one vote" principle) are different levels. Token quantity does not convert into political influence.

SECTION 11

Token Spec: Technical Parameters

Token technical specification (proposed values, subject to DAO approval):

Core Token Parameters
Name
Earthlings Coin
Symbol
EC
Type
ERC-20
Network
Polygon
Decimals
18
Initial Supply
To be determined

Administrative Control

  • Parameter management: changes to emissions and critical settings are allowed only through DAO procedures and publicly recorded decisions.
  • Time delay: timelock is applied for critical operations after public notification, giving the community time to react.
  • Emergency protection: temporary pause capability is provided for system protection with mandatory public reporting and subsequent DAO ratification.
  • Updates: contract and infrastructure changes are executed according to regulations, after independent review and a public discussion period; exact parameters are determined during implementation.

Multisig Composition (Public and Transparent)

Signers (per the Charter)
  • Core Nodes - up to 6 technical coordinators
  • Emergency Multisig - up to 6 trusted Earthlings
  • Elected by the DAO Assembly, hold no independent power
  • Execute decisions of the DAO Assembly
Signer Requirements
  • Public addresses and identity disclosure
  • Rotation: Core Nodes - every 6 months; Emergency Multisig - every 12 months
  • Conflict of interest disclosure
  • Hardware wallets mandatory
  • Geographic diversity (minimum 5 countries)

Publication Requirement: After deployment, addresses of key contracts and public links to code verification (Polygon explorer) and/or repository (if open) must be disclosed.

SECTION 12

Tokenomics: Distribution and Emission Principles

Earthlings Coin tokenomics describes the principles of utility token distribution and circulation within the ecosystem. Specific parameters (issue volume, rates, shares, restriction periods) are determined during implementation and approved through governance procedures, with mandatory public recording and on-chain transparency.

Target Distribution Buckets

  • Ecosystem functions: provision of platform services, cell operations, and application mechanisms.
  • Liquidity: launch and maintenance of market accessibility while observing risk constraints and transparency.
  • Participation incentives: rewards for useful actions, development, contribution to initiatives and infrastructure.
  • Fund/treasury: reserve for sustainability, development, and unforeseen expenses according to approved rules.
  • Partnerships: limited packages for strategic integrations and external services (if applicable).

Vesting and Anti-Speculative Restriction Principles

  • Gradual unlock: tokens associated with contributions are unlocked according to rules tied to time and/or results.
  • Transparency: key wallets, allocations, and restrictions are published and observable on-chain.
  • Risk containment: mechanisms for preventing sharp supply spikes and conflicts of interest are fixed in policies and DAO decisions.

This section does not establish "financial promises." All numerical parameters will be published only after pilot launches, audits, and approval of governance procedures.

SECTION 13

Treasury: Ecosystem Resource Management

The treasury is intended for financing sustainable ecosystem development: infrastructure, security, initiative support, and operational activities. Resource management rules are built on principles of transparency, distributed responsibility, and minimization of centralized control.

Replenishment Sources

  • Voluntary donations and grants (including targeted ones).
  • Revenue from services and paid ecosystem features (as they emerge).
  • Partnership programs and joint initiatives (if applicable).

Expenditure Principles

  • Expense categories: infrastructure and security, platform development, cell and initiative support, operational expenses.
  • Multi-level approval: the higher the risk and irreversibility of a decision, the stricter the approval and transparency procedure.
  • Emergency measures: allowed only for system protection and continuity, with mandatory subsequent reporting and approval.

Transparency and Control

  • Public recording of key decisions and fund allocations.
  • On-chain data available for verification (wallets, transactions, allocations).
  • Independent reviews of critical processes as implementation progresses.
SECTION 14

Risk Disclosure: Risk Matrix

Comprehensive risk assessment with specific examples and mitigation strategies:

CategoryLevelDescriptionMitigation
Smart Contract BugsHIGHCode vulnerabilities may lead to loss of funds (examples: DAO Hack 2016, Poly Network 2021)independent audits, vulnerability disclosure program, timelock, emergency pause, formal verification
Regulatory ChangesHIGHLegal status of crypto changes (example: China ban 2021, SEC vs Ripple)Compliance-first design, utility focus, legal monitoring, adaptability
Price VolatilityHIGHWhen liquidity emerges, ±50%+ volatility is possible in the first monthsUtility > speculation, team vesting, no price promises, gradual rollout
Multisig CompromiseMEDIUMCompromise of a majority of signers could give control over the treasuryPublic signers, rotation, timelock, diversity, hardware wallets
Low LiquidityMEDIUMLow liquidity makes converting EC to fiat or stablecoins difficult.Internal utility creates base demand, phased liquidity
Infrastructure FailuresMEDIUMFailures of Polygon, frontends, or wallets temporarily block access.Multi-chain backup (planned), decentralized frontends, recovery docs
User ErrorMEDIUMLost keys, wrong address - irreversible (>70% of loss cases)Educational materials, UX warnings, recovery mechanisms where possible
Adoption RiskMEDIUMIf ecosystem doesn't reach critical mass, utility is limitedMVP before token, real utility first, community building, phased rollout
Sybil AttacksLOWFake accounts to abuse distributionSBT passports with biometrics, one person = one vote
PlutocracyLOWWealthy participants dominate distributionSBT voting (1 person = 1 vote), deliberation in cells, EC/SBT separation, grant caps

Additional Risks

  • Tax implications: Receiving EC may be taxed as income. Consultation with a tax advisor is recommended.
  • Technological obsolescence: Blockchain tech evolves rapidly, current solutions may become outdated.
  • Key person risk: Dependence on a small number of key developers/leaders.
  • Competition: Other transnational projects may offer better UX or stronger community.
SECTION 15

Security Posture

Security is considered a prerequisite for Earthlings Coin admission to the real ecosystem economy. Specific parameters (threshold values, team composition, timelines, and budgets) are determined during implementation and are fixed by separate DAO decisions and independent review results.

Target Security Standard

  • Independent review: audit of smart contracts and key components before public launch; publication of reports and remediation plan.
  • Responsible disclosure: public channel for researchers and reward program commensurate with vulnerability criticality.
  • Operational monitoring: observation of critical contracts and infrastructure, logging, alerts, regular reviews.
  • Control perimeters: multi-level authorization, timelock for critical actions, minimization and transparency of administrative rights.
  • Emergency response: temporary pause capability strictly for system protection, with mandatory public reporting and subsequent DAO ratification.

Incident Response Procedure

  • Detection and initial assessment → risk classification.
  • Containment and protective measures (including temporary pause if necessary) → public community notification.
  • Fixes and re-verification → resumption of operations according to approved procedure.
  • Post-mortem: transparent report, conclusions, improvements, and policy updates.
SECTION 16

Listing Readiness: Market Liquidity Preparation

This section describes the readiness package for potential Earthlings Coin liquidity emergence on DEX and CEX. It is intended for transparency and systematic preparation, not for promises.

Principle: listing is considered an opportunity, not a goal and not a guarantee. Decisions are made by independent exchanges and the market. The project's focus is on utility value and legal compliance.

Public Listing Dossier (Public Version on Website)

  • Brief description of the token and its role in the ecosystem (utility).
  • Use cases and connections with the platform, cells, funds, and services.
  • Technical specification: network, contract addresses, verification links, key constraints.
  • Policies: risk disclosures, privacy/identity, AML/KYC approach, sanctions restrictions (at the principles level).
  • Security posture: audit, disclosure, and response principles.
  • Contacts for partners and exchanges (official communication channel).

Internal Data Room (Internal Package for Partners)

  • Legal folder: token classification position and jurisdiction risk overview (as available).
  • Compliance procedures: KYB/AML processes, sanctions policy, listing/delisting policy.
  • Security artifacts: audit reports, release checklists, incident runbook.
  • On-chain analytics: distribution, activity, evidence of utility usage.
  • Communications and brand: logos, guidelines, media kit, official statements.
  • Operational plan: user support, incident handling, updates.

DEX Readiness

  • Token contract deployed and verified; key rights are restricted and publicly described.
  • Liquidity is launched gradually and transparently; sources and risks are documented.
  • Observable utility in the ecosystem (not just transfers), understandable to users.

CEX Readiness

  • Proven utility economy: token is necessary for services/processes, not for speculative upside.
  • Transparent legal and compliance position (AML/KYC, sanctions, risks, disclosures).
  • Security + ops: independent reviews, monitoring, response plan, minimization of centralized control.
  • Documentation and communications: up-to-date policies, public updates, official contacts.

Exchanges may request additional data and metrics. We deliberately do not set threshold values (market cap, volume, holders, etc.), because exchange requirements are individual and change. The Earthlings strategy is to build real value, transparency, and compliance - and only then discuss liquidity.

PART III
Appendices: Additional Specifications and Indicative Parameters
SECTION 17

Economic Model: Indicative Economic Parameters

All figures in this section are indicative guidelines for internal planning and do not represent commitments, forecasts, or promises. Actual parameters will be determined based on pilot launches, audits, and DAO decisions. This data may change and should not be used for investment decisions.

Indicative Total Supply

Considered range of total token supply:

Working Range
  • Lower bound: 100,000,000 EC (100M)
  • Upper bound: 1,000,000,000 EC (1B)
  • Working hypothesis: 500,000,000 EC (500M)

The specific value choice depends on: ecosystem scale at launch, economic modeling results, auditor recommendations.

Range Rationale
  • Sufficient granularity for microtransactions (with 18 decimals)
  • Psychologically comfortable service prices (single to thousands of EC)
  • Reserve for long-term ecosystem growth
  • Alignment with practices of comparable utility projects

Indicative Distribution (Target Allocation Ranges)

Approximate token distribution ranges by category:

CategoryRangePurposeVesting (indicative)
Ecosystem Development35-45%Infrastructure, services, platform development, cell grantsPhased, 5-7 years
Community & Participation20-30%Participant rewards, airdrops to verified Earthlings, incentivesBased on activity
Treasury Reserve10-15%Reserve for unforeseen expenses, stabilization, strategic initiativesUnder DAO management
Liquidity Provision5-10%Initial DEX liquidity, market-making (if applicable)At liquidity launch
Core Team & Contributors10-15%Founders, key developers, early contributors4 years, 1-year cliff
Advisors & Partners3-5%Strategic advisors, partnership integrations2-3 years vesting

Note: The range totals intentionally exceed 100%, since specific allocations will be chosen within the stated ranges. Final distribution will be published before launch and fixed in smart contracts.

Economic Equilibrium: Token Flow Model

Token Sinks (absorption)
  • Payment for ecosystem services (compute, storage, AI)
  • Staking for participation in governance procedures
  • Deposits for cell registration and proposal submission
  • Anti-spam mechanisms
  • Possible buyback to treasury (by DAO decision)
Token Sources (emission/unlock)
  • Rewards for initiative work
  • Grants from ecosystem fund
  • Vesting schedule unlocks
  • Incentive programs for ecosystem growth
  • Partnership programs

Target State: Balance between sinks and sources should ensure stable or moderately deflationary circulating supply dynamics. Specific mechanisms (burn, buyback, emission caps) will be determined based on pilot operation results.

Velocity and Turnover

For a utility token, circulation velocity is critical. Target guidelines:

  • Average velocity: 4-8 turnovers per year (comparable to utility-oriented ecosystems)
  • Velocity restraint mechanisms: staking incentives, long-term programs, lock-up bonuses
  • Monitoring: on-chain analytics for tracking real velocity and parameter adjustment
SECTION 19

Utility Pricing: Service Pricing Mechanism

One of the key problems with utility tokens is price volatility when service prices are fixed. If the token appreciates 10x, services become unaffordable; if it depreciates, providers incur losses.

Dynamic Pricing Model

Basic Principle

Service prices are pegged to a stable external reference (e.g., USD or currency basket) and automatically recalculated in EC at the current rate.

Example: AI assistant costs $1/hour. At 1 EC = $0.10 rate, price = 10 EC. At 1 EC = $1.00 rate, price = 1 EC.

Oracle Mechanism
  • Primary oracle: Chainlink or similar decentralized oracle
  • Fallback: Price aggregation from multiple DEX (Uniswap, Quickswap)
  • Update frequency: Every 15 minutes or at >5% deviation
  • Circuit breaker: Pause at extreme volatility (>30% per hour)

Pricing Scenarios

ScenarioActionProtection
EC appreciatesPrices in EC automatically decreaseServices remain accessible
EC depreciatesPrices in EC automatically increaseProviders receive fair compensation
Extreme volatilityCircuit breaker: temporary price freezeProtection from manipulation and flash crashes
Oracle failureFallback to last known price + bufferService continuity

Alternative Model: EC-native Pricing

In early stages, before EC market price emerges, internal pricing without fiat pegging may be used:

  • Prices set directly in EC based on ecosystem economics
  • Periodic DAO review considering supply/demand balance
  • Transition to oracle-based model when liquidity emerges

MEV and Front-running Protection

  • Commit-reveal scheme for large transactions
  • Batching: Grouping small transactions
  • Private mempools (Flashbots Protect or analogues) - if necessary
  • Slippage tolerance: Automatic limits for user protection
SECTION 20

Liquidity Strategy

Conditionality: This section describes a possible approach to liquidity if and when a decision is made to launch it. This is not an action plan and not a commitment.

Liquidity Development Phases

Phase 0: Closed Economy (current)
  • EC used only within the ecosystem
  • No external trading or liquidity
  • Focus on utility and adoption
  • Service prices in EC set by DAO
Phase 1: Limited DEX Liquidity
  • Platform: Uniswap v3 or Quickswap on Polygon
  • Pair: EC/USDC (stablecoin for volatility reduction)
  • Initial liquidity: From treasury allocation (5-10% of supply)
  • Concentrated liquidity: Narrow range for capital efficiency
  • Monitoring: Tracking impermanent loss, volumes, slippage
Phase 2: Expanded DEX + Potential CEX
  • Adding EC/ETH, EC/MATIC pairs
  • Possible expansion to other DEX (Balancer, Curve)
  • CEX negotiations upon reaching criteria (utility, volume, community)
  • Market-making partnerships (if necessary)

Initial Liquidity Sources

Protocol-Owned Liquidity (POL)
  • Part of treasury allocated to liquidity provision
  • Advantage: Control, no dependence on external LP
  • Disadvantage: Opportunity cost for treasury
Liquidity Mining (cautiously)
  • Incentives for external LP (from community allocation)
  • Advantage: Rapid liquidity attraction
  • Risk: Mercenary capital, sell pressure after program ends
  • Solution: Use moderately, with lock-up requirements

Protective Mechanisms

  • Gradual rollout: Starting with minimal liquidity, gradual increase
  • Trading limits: Possible caps on transaction size in first weeks
  • Monitoring: Real-time unusual activity monitoring
  • Emergency procedures: Pause capability upon exploit detection

Principle: Liquidity is a tool for utility, not a goal. We will not force liquidity for metrics. Launch will occur only when there is real demand from the ecosystem.

SECTION 21

Technical Appendix: Smart Contract Specification

Technical specification of Earthlings Coin smart contracts. Final implementation will be published after audit and before deployment.

Contract Architecture

Core Contracts
Token Contract
ERC-20
Standard
OpenZeppelin 5.x
Network
Polygon PoS
Upgradeability
UUPS Proxy
Access Control
Role-Based
Compiler
Solidity 0.8.20+

Token Capabilities

CapabilityStatusDescriptionControl
MintableLimitedNew tokens can only be created within vesting schedulesMultisig + Timelock
BurnableYesOwners can burn their tokensToken owner
PausableYes (emergency)Temporary transfer pause during incidentsEmergency Multisig
PermitYesEIP-2612 gasless approvalsOwner signature
SnapshotsYesFor governance voting at specific blockGovernance contract

Access Control Roles

DEFAULT_ADMIN_ROLE
  • Management of other roles
  • Control: 5-of-6 Core Nodes (by DAO Assembly decision)
  • Timelock: 7 days
MINTER_ROLE
  • Issuance of new tokens (within vesting)
  • Control: Vesting contract (automatic)
  • Limits: Hardcoded in contract
PAUSER_ROLE
  • Emergency pause
  • Control: 4-of-6 Emergency Multisig
  • Timelock: None (for fast response)
  • Obligation: Public report within 48h
UPGRADER_ROLE
  • Proxy implementation upgrade
  • Control: 5-of-6 Core Nodes
  • Timelock: 14 days
  • Requirement: Public audit of new code

Vesting Contract

Key Parameters

  • Type: Linear vesting with cliff
  • Standard: Custom contract based on OpenZeppelin VestingWallet
  • Cliff period: Configurable per beneficiary (typically 12 months)
  • Vesting duration: Configurable (typically 36-48 months after cliff)
  • Release: Continuous (claimable anytime after cliff)
  • Revocable: No (once created, vesting is irrevocable)

Security Measures

  • Reentrancy protection: OpenZeppelin ReentrancyGuard on all state-changing functions
  • Integer overflow: Solidity 0.8+ built-in protection
  • Access control: Role-based with separation of duties
  • Timelock: TimelockController for critical operations
  • Multi-signature: Gnosis Safe for all admin functions
  • Audit requirement: Minimum 2 independent audits before mainnet deployment

Planned Audits

Auditors (planned)
  • Trail of Bits or OpenZeppelin (primary)
  • Consensys Diligence or Spearbit (secondary)
  • Public bug bounty via Immunefi
Audit Scope
  • Token contract + proxy
  • Vesting contracts
  • Governance contracts
  • Integration points

Contract Addresses

To be published: Addresses of all contracts, links to verification on Polygonscan, and links to public repository will be published after deployment and before any token activity begins.

Open Source Commitment: All smart contract code will be published under an open license (MIT or Apache 2.0) and verified on block explorer. We believe in security through transparency.