The Bitsika, a Pan African money remittance fintech organisation is collaborating with Nigeria Global Afro pop star Davido to establish it’s native crypto token called Echoke, named after the trending social media slang made popular by Davido. The token will be hosted under a new crypto outfit Omegoat, established by the company.
According communication released by the organization, “Echoke is a community token built with incentives to provide value to entertainment and hospitality consumers. Entertainment consumers create so much value for corporations but the value is captured and enjoyed by a select few executives in a boardroom. We are using this token to democratise access to the created value; trickling it down to the heartland.”
Holders of the Echoke Social Token will have access to giveaways, concert passes, hotel discounts, NFTs, etc. Twice a month, these holders of the token will be given rewards that can only be accessed only by paying with the token. Davido and Bitsika have already created a spirit and brand of generosity online. This token will ensure that actual supporters get the rewards from now onwards.
The general public will not need to buy the tokens to start using it. Omegoat has no immediate plans of listing the Echoke Social Token on any exchanges or DEXs in the next 12 months. The tokens will be freely distributed in a series of monthly giveaways to the public. This will ensure that most people who get the token are everyday people with a passion for what we’re building.
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