The new $ECHOKE Social Token has been launched by Nigerian afrobeat superstar and Davido Music Worldwide (DMW) boss, Davido.
With the recent trend of cryptocurrency Witt boys cashing out big with it, Davido has come up with his own social token.
Echoke is a slang commonly used by the artist, which translates to pressure.
What is $ECHOKE Social Token?
$ECHOKE Social Token is a cryptocurrency social token created and launched by Nigerian afrobeat singer, Davido to give Africans the ability to make money with crypto.
The cryptocurrency, which is built on the Binance Smart Chain (BSC), is meant to “provide access to giveaways, NFTs, festivals, exclusive merchandise, and other entertainment, hospitality benefits and media.”
What Davido said about $ECHOKE Token
Davido made the announcement on his Instagram account.
In his announcement, he explained that the token was built with the help of Bitsika Africa, a remittance company, which launched a crypto platform called Omegoat.
He stated,
“I built this with @bitsikaafrica’s new crypto company @omegoat on the Binance Smart Chain (BEP-20). Make sure to follow them.”
Davido said there will not be token sales in the spirit of ‘democracy’ but the $ECHOKE social token will be giving out as giveaways which will begin on November 28, 2021.
“In the spirit of democracy, we will not be selling the tokens to the public. We will release the tokens to the fans through periodic giveaways throughout the next 12 months. First giveaway on NOV 28th. Check @omegoat for more details.” he said.
Breakdown of $ECHOKE Social Token allocation
- Public sale – 12.5%
- Private sale – 5%
- Team ownership – 35%
- EChoke Foundation – 10%
- Product & marketing – 5%
- Partnerships – 15%
- Giveaways / Faucets – 7.5%
- Community Treasury – 10%
How to Buy ECHOKE Social Token?
You can buy the $ECHOKE Social Token on Binance Smart Chain through your trustwallet.
The new Social Token is a BEP-20 token on the Binance Smart Chain and can be stored in any crypto wallet that supports the BEP-20 standard.
$ECHOKE Social Token Contract Address
https://bscscan.com/address/0xd8c60067154bc4d5499c31c48883710d88c141b2
Conclusion
There is no doubt crypto is a good investment, but before making any online investment, make sure you do your diligence research and read reviews about the business.
The new Echoke social token was announced by the Nigerian-American singer, Davido, so it is believed to be legit.
Don’t make the mistake of investing more than you have to avoid regret. And don’t use someone else’s money for any online investment; use your hard-earned money so you can account for it.
Thanks for reading. Please share and drop your comments. What do you think about the new social token launched by Davido?
