Eco Currency is a digital currency that stands apart for its unique approach to economic dynamics and governance. Unlike conventional cryptocurrencies, Eco is a free-floating digital currency, meaning its supply adjusts in response to market demand and economic conditions, aiming to create a more adaptable and equitable economic system.

In 2023, Eco Currency has seen several important developments, each contributing to its growth and the broader understanding of its potential impact in onchain monetary policy. Central to its governance model is the role of Trustees, a group of elected individuals responsible for overseeing the currency's monetary policy. Trustees play a crucial role in determining the strategic direction of Eco, making decisions about interest rates, coin issuance, and other factors that influence the currency's value and stability. Their actions are guided by a commitment to enhancing the wealth and utility of Eco holders, reflecting a community-centric approach to economic management.

Here's an in depth look at the key achievements and initiatives of Eco Currency over the past year:

This year, Eco Currency hit its first anniversary on November 7th, 2023. Since its launch a year earlier, Eco has introduced onchain monetary policy managed by Trustees, unveiled beam.eco to increase the currency's practical use (we'll explore beam.eco in more detail later), and established the Eco Association to oversee its ongoing development. This milestone reflects a year of focused efforts, adaptations, and community-driven initiatives, highlighting Eco's progress in onchain monetary policy.

https://x.com/eco/status/1721892764693221489?s=20

Looking ahead, the 2024 Trustee Elections are a key focus, marking an important step in Eco's continued evolution. This election will determine the next group of individuals tasked with guiding Eco's monetary policy and strategic direction. With the first group of Trustees completing their term after over 23 voting cycles, the Eco Association is set to implement changes for the upcoming term. These include a smaller slate of nine Trustees, the introduction of a "Trustee Observer" role for alumni involvement, and a revised compensation structure.

In late July, Eco Inc introduced the Beam, a wallet powered by account abstraction built on Optimism and Base. Beam is designed as the easiest way to send money, functioning much like a Web3 version of popular payment apps like Venmo and Cash App, but with the added benefits of blockchain technology. It stands out as the first self-custody payments wallet that's truly built for the mainstream user.

https://x.com/beam_eco/status/1685548719360634880?s=20

Following the launch of the Beam Wallet, Eco introduced Beam Names. These are unique identifiers for users' wallets, purchasable with $ECO. Beam Names operate in the format of name.beam.eco and are managed via the Ethereum Name Service, particularly its support for registrations on Layer 2 solutions like Optimism. When a user registers a Beam Name, they're effectively creating an ENS subdomain under beam.eco, which means anyone within the Ethereum ecosystem can send money directly to a simple, memorable name.

Beyond these features, the Beam Wallet continued to evolve with additional enhancements aimed at improving user experience and functionality. One significant advancement is how Beam streamlines payments by consolidating various digital dollars into a single "USD" digital dollar balance. This integration means that when you're ready to send funds, Beam abstracts away the complexity of different chains and tokens.

https://x.com/AnnikaSays/status/1714772141491835227?s=20

The Eco community has continually been driving the ecosystem forward with innovative ideas and projects. Here are a few community-driven initiatives that have significantly impacted the growth and functionality of Eco:

• Bridging Crypto with Daily Commerce via Tender Wallet

One standout initiative is the Tender Wallet, developed by community member flaros. This point-of-sale system allows merchants to accept crypto payments from various chains, with a special focus on integrating Eco Currency. Flaros's work doesn't stop there, he also spearheaded the Mobile Optimization of the Eco Community Governance dApp, vastly improving its accessibility and user-friendliness on mobile devices.

• Mapping Eco's Monetary Policy with Eco Atlas

Saulo has developed Eco Atlas, a web application providing a comprehensive and visual representation of Eco's monetary policy history. This tool simplifies accessing and understanding the policy decisions and actions of Trustees. Instead of navigating through complex channels or contracts, users can now see the entire history and detailed voting records through a straightforward, web-based interface. Eco Atlas exemplifies Eco's commitment to open governance, making the intricacies of monetary policy clear and understandable for the entire community.

https://x.com/saulodigital/status/1729182523690033450?s=20

• Empowering Creators: The Layer 3 Ecollective Initiative

The Layer 3 Ecollective is actively empowering creators within the Eco community, focusing on enhancing the Eco currency and ecosystem through evangelism, innovation, and governance. They foster a supportive environment where members are encouraged to contribute creatively, ensuring the community remains vibrant and growth-oriented. By prioritizing empowerment and support, they aim to drive the Eco economy forward through collective effort and shared vision.

These initiatives from the community are not only advancing Eco's usability and understanding but also reflect on the proactive spirit of Eco's users. As Eco continues to grow, these community-led projects are invaluable, paving the way for further innovation and adoption.

As 2023 ends, Eco Currency has made notable progress. We've seen new tools and community projects improve how it works. Looking to 2024, there's a lot to look forward to with upcoming changes and elections. It's an exciting time for Eco.

🥂

Eco Currency is a digital currency that stands apart for its unique approach to economic dynamics and governance. Unlike conventional cryptocurrencies, Eco is a free-floating digital currency, meaning its supply adjusts in response to market demand and economic conditions, aiming to create a more adaptable and equitable economic system.

In 2023, Eco Currency has seen several important developments, each contributing to its growth and the broader understanding of its potential impact in onchain monetary policy. Central to its governance model is the role of Trustees, a group of elected individuals responsible for overseeing the currency's monetary policy. Trustees play a crucial role in determining the strategic direction of Eco, making decisions about interest rates, coin issuance, and other factors that influence the currency's value and stability. Their actions are guided by a commitment to enhancing the wealth and utility of Eco holders, reflecting a community-centric approach to economic management.

Here's an in depth look at the key achievements and initiatives of Eco Currency over the past year:

This year, Eco Currency hit its first anniversary on November 7th, 2023. Since its launch a year earlier, Eco has introduced onchain monetary policy managed by Trustees, unveiled beam.eco to increase the currency's practical use (we'll explore beam.eco in more detail later), and established the Eco Association to oversee its ongoing development. This milestone reflects a year of focused efforts, adaptations, and community-driven initiatives, highlighting Eco's progress in onchain monetary policy.

https://x.com/eco/status/1721892764693221489?s=20

Looking ahead, the 2024 Trustee Elections are a key focus, marking an important step in Eco's continued evolution. This election will determine the next group of individuals tasked with guiding Eco's monetary policy and strategic direction. With the first group of Trustees completing their term after over 23 voting cycles, the Eco Association is set to implement changes for the upcoming term. These include a smaller slate of nine Trustees, the introduction of a "Trustee Observer" role for alumni involvement, and a revised compensation structure.

In late July, Eco Inc introduced the Beam, a wallet powered by account abstraction built on Optimism and Base. Beam is designed as the easiest way to send money, functioning much like a Web3 version of popular payment apps like Venmo and Cash App, but with the added benefits of blockchain technology. It stands out as the first self-custody payments wallet that's truly built for the mainstream user.

https://x.com/beam_eco/status/1685548719360634880?s=20

Following the launch of the Beam Wallet, Eco introduced Beam Names. These are unique identifiers for users' wallets, purchasable with $ECO. Beam Names operate in the format of name.beam.eco and are managed via the Ethereum Name Service, particularly its support for registrations on Layer 2 solutions like Optimism. When a user registers a Beam Name, they're effectively creating an ENS subdomain under beam.eco, which means anyone within the Ethereum ecosystem can send money directly to a simple, memorable name.

Beyond these features, the Beam Wallet continued to evolve with additional enhancements aimed at improving user experience and functionality. One significant advancement is how Beam streamlines payments by consolidating various digital dollars into a single "USD" digital dollar balance. This integration means that when you're ready to send funds, Beam abstracts away the complexity of different chains and tokens.

https://x.com/AnnikaSays/status/1714772141491835227?s=20

The Eco community has continually been driving the ecosystem forward with innovative ideas and projects. Here are a few community-driven initiatives that have significantly impacted the growth and functionality of Eco:

• Bridging Crypto with Daily Commerce via Tender Wallet

One standout initiative is the Tender Wallet, developed by community member flaros. This point-of-sale system allows merchants to accept crypto payments from various chains, with a special focus on integrating Eco Currency. Flaros's work doesn't stop there, he also spearheaded the Mobile Optimization of the Eco Community Governance dApp, vastly improving its accessibility and user-friendliness on mobile devices.

• Mapping Eco's Monetary Policy with Eco Atlas

Saulo has developed Eco Atlas, a web application providing a comprehensive and visual representation of Eco's monetary policy history. This tool simplifies accessing and understanding the policy decisions and actions of Trustees. Instead of navigating through complex channels or contracts, users can now see the entire history and detailed voting records through a straightforward, web-based interface. Eco Atlas exemplifies Eco's commitment to open governance, making the intricacies of monetary policy clear and understandable for the entire community.

https://x.com/saulodigital/status/1729182523690033450?s=20

• Empowering Creators: The Layer 3 Ecollective Initiative

The Layer 3 Ecollective is actively empowering creators within the Eco community, focusing on enhancing the Eco currency and ecosystem through evangelism, innovation, and governance. They foster a supportive environment where members are encouraged to contribute creatively, ensuring the community remains vibrant and growth-oriented. By prioritizing empowerment and support, they aim to drive the Eco economy forward through collective effort and shared vision.

These initiatives from the community are not only advancing Eco's usability and understanding but also reflect on the proactive spirit of Eco's users. As Eco continues to grow, these community-led projects are invaluable, paving the way for further innovation and adoption.

As 2023 ends, Eco Currency has made notable progress. We've seen new tools and community projects improve how it works. Looking to 2024, there's a lot to look forward to with upcoming changes and elections. It's an exciting time for Eco.

🥂