FAQ

Frequently Asked Questions (FAQ) - Ecology Tokens

What is Ecology Token?

1. Ecology Token is a digital currency that is backed by ecology. It is designed to promote sustainable living and environmental conservation by taking into account a country's ecological impact and having the market adjust the value of the token accordingly.

How does Ecology Token work?

2. Each country is assigned its own Ecology Token. The value of each Ecology Token is determined by a variety of factors such as energy consumption, carbon emissions, and deforestation rates.  In addition, market demand from ecological news and a country's ecological impact can adjust the value of the token.

How can I earn Ecology Token?

3. There are numerous ways to earn Ecology Token. For example, you can earn Ecology Token by participating in eco-friendly activities and projects such as recycling, planting trees, and reducing carbon emissions. Additionally, you can purchase Ecology Token on Sushi.

What are the benefits of using Ecology Token?

4. Ecology Token is designed to promote sustainable living and environmental conservation. By using Ecology Token, you can feel good about the money you spend, knowing that it is helping to support a sustainable future for our planet. Additionally, Ecology Token is based on blockchain technology, which makes transactions secure and transparent.

How is Ecology Token different from other cryptocurrencies?

5. Ecology Token is unique in that it is backed by ecological impact the country has on Planet Earth. Unlike other cryptocurrencies, the value of Ecology Token is determined by a country's ecological impact, rather than market demand. Additionally, Ecology Token offers the opportunity to earn the currency through eco-friendly activities and projects.

How can I store my Ecology Token?

6. Ecology Token can be stored in a digital wallet. You can download a digital wallet from here or from a cryptocurrency exchange.

How do I make transactions using Ecology Token?

7. Transactions using Ecology Token can be made using the digital wallet. You can send and receive Ecology Token directly from the digital wallet. Additionally, you can use Ecology Token to purchase goods and services from merchants that accept Ecology Token.

Is Ecology Token secure?

8. Ecology Token is based on blockchain technology, which makes transactions secure and transparent. Additionally, all transactions on the Ecology Token network are recorded on the blockchain, making it resistant to fraud.

Is Ecology Token legal?

9. Ecology Token is a digital currency, and the laws and regulations regarding digital currencies vary by country. Please consult with a legal professional or check with local authorities to determine the legal status of Ecology Token in your country.

Why do I need to purchase POL first?

10. Ecology Token operates on the Polygon blockchain, and POL is the fuel that powers all transactions on the network. It is not possible to complete a transaction without paying the transaction fee in POL. This means that you will need to pay a small amount of POL for the following actions: purchasing any Ecology Token, exchanging between different tokens, and sending tokens to another wallet. 

Is It Possible to Buy Ecology Token Directly with a Credit Card?

11. Yes, some providers, such as Transak, offer the option to purchase Ecology Token directly with a credit card for a fee. However, if your wallet doesn't have POL, you won't be able to transfer or perform other actions. For this reason and to secure the best market rate, it is recommended to purchase POL directly and exchange it for Ecology Token on Sushi.

Why Isn't Ecology Token Listed on Coinbase or Other Centralized Exchanges?  Why use Sushi?

12. Ecology Token is not listed on centralized exchanges like Coinbase, Binance, or Crypto.com as these platforms typically charge high listing fees and require significant financing from costly market makers. Instead, Ecology Token is traded on a decentralized exchange (DEX) powered by smart contracts that run directly on the blockchain. DEXs have several advantages, including allowing the decentralized autonomous authority (DAO) to maintain a majority of the liquidity, ensuring autonomy and generating revenue to pay contributors. Sushi's DEX technology was chosen because it already handles tens of millions of dollars in transactions daily. 

What If I Prefer a Different Exchange But They Don't Sell Polygon POL? 

13. For advanced users, the Polygon Bridge can be used to move any asset from Ethereum to Polygon, and the Polygon Gas Swap can be used to exchange assets such as USDC for POL.

How can I get more information about Ecology Token?

14. You can visit our website for more information about Ecology Token. Additionally, you can contact us with any questions or feedback.

Ecology Tokens are ERC-20 tokens on the Polygon blockchain.  You can use Metamask as your digital wallet which can be downloaded here.

Ticker symbol is in parenthesis for each country under Ecology in the News section.