Whitepaper

1.       Introduction

 

In today's rapidly evolving world, the importance of charitable giving and social impact cannot be overstated. Eleos Foundation aims to revolutionize the charitable giving landscape utilizing blockchain technology to create a borderless, limitless, transparent, and efficient platform for charitable donations.

 

2.       The Problem

 

Charitable organizations face several challenges in their operations, including lack of transparency, high administrative costs, ineffectiveness, as well as political and cultural issues. These issues can lead to donor mistrust and reduced overall giving.  In addition, there are no clear or apparent options available where cryptocurrency and Decentralized Finance ('DeFi') is used to support those in need of charity.

 

3.       The Solution: Eleos Foundation

 

Eleos is a cryptocurrency token designed for peer-to peer transactions.  There is a one percent tax on each transaction that is distributed back to holders of Eleos.  The Eleos Foundation utilizes yield from DeFi strategies and donations to issue community approved transactions to charities. Eleos Foundations is for the people.

 

4.       Eleos Reserve

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Eleos Reserve is the account used by the Eleos team for marketing, development, maintenance and any other relevant expenses.

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5.       Key Features

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a)   Decentralized Platform: Eleos Foundation operates on a decentralized blockchain platform.                This allows for greater transparency and security in the donation process.
b)   Transparent Transactions: All transactions on the Eleos Foundation platform are recorded on

       the blockchain, providing an auditable record of all transactions and fund allocations.
c)    DeFi Management: Utilize DeFi platforms to optimize the Eleos Foundation Ecosystem, which           will be administered and sent to charities approved by the community.
 

6.       Tokenomics

 

Eleos Foundation (ELEOS) operates on a fixed supply model, with a total of 1 billion ELEOS tokens.

 

The token distribution is as follows:

 

50% allocated to the Public.

20% allocated to Presale.
20% allocated to the Eleos Foundation.
10% allocated to the Eleos Reserve.

 

7.      Taxes

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There is a one percent tax.  Eleos is a reflection token.  From each transaction, a tax is applied and distributed to holders.  The tax helps to expand the Eleos Foundation, which is the account utilized for issuing funds to charities.

 

8.       Community Governance

 

Eleos Foundation prioritizes community involvement. The community has a direct say in the evolution of the ecosystem.  The community will have opportunities to participate in the decision-making process.

 

9.       Roadmap

 

Phase 1:

Whitepaper release
Token development and smart contract deployment

Launch auto-yield generating stablecoin
 

Phase 2:

Launch of Eleos Foundation

Integration with partners & charities
Community development initiatives
 

Phase 3:

Expansion of the Eleos Foundation ecosystem
Partnerships with additional charitable organizations
Ongoing ecosystem development and improvements
 

10.     Conclusion

 

Eleos Foundation is a revolutionary cryptocurrency that aims to transform the charitable giving landscape. By offering a transparent, decentralized, and efficient platform for peer-to-peer transactions, and for making donations to charities, Eleos Token enables holders to have a direct and tangible impact on the causes they care about.