$ECHO
The token that powers Echo — a gamified economic relationship app — and anchors the real-time price stability of $CENTS on Algorand.
What is ECHO
ECHO is a fixed-supply Algorand token with a real, working job — not just a speculative asset.
Powers the Echo app
Echo turns everyday payments, deals, negotiations, and participation into a shared economic experience. ECHO sits at its foundation.
Absorbs $CENTS volatility
When CENTS drifts, ECHO is what moves to absorb the shock — real, single-sided liquidity actions that take on the price movement so CENTS doesn't have to.
Fixed, never inflated
10,000 ECHO exist, permanently. No further supply can ever be minted — the asset's creation was capped at genesis.
How the CENTS mechanism works
When CENTS drifts from its reference price, ECHO is what corrects it — through real, single-sided liquidity actions on the ECHO/CENTS pool.
Price drifts
The CENTS/USDC market price moves away from its reference value beyond a defined tolerance band.
ECHO corrects it
ECHO is added to or removed from the ECHO/CENTS liquidity pool — a real, single-sided on-chain action, not a swap — nudging CENTS back toward reference.
Correction repeats until stable
The system re-checks price after every action, continuing until CENTS sits back within its tolerance zone.
Supply & release
Not all ECHO circulates immediately. A portion stays reserved, released only when the system genuinely needs it.
Circulating supply
Freely tradable ECHO, available on the open market today for anyone to hold, trade, or use.
Reserved release
Reserved ECHO is never sold on the open market. It's released only when the CENTS mechanism needs more ECHO on hand — and it goes directly to individual holders, not the order book.
How reserved ECHO reaches holders
Think of it like mining — but instead of computational work, the "work" is correcting CENTS' price through your own trading. That service is what earns newly-released ECHO.
CENTS drifts from its $0.01 reference
Echo always offers CENTS at a fixed $0.01 — a guaranteed counterparty, backed by the ECHO/CENTS reserve. When the real market price drifts away from that, an opportunity opens.
A user trades both sides
Below reference: buy CENTS cheap on the open market, sell it to Echo at $0.01. Above reference: buy CENTS from Echo at $0.01, sell it on the open market. Either way, the user's own market trade is what pushes CENTS back toward reference — Echo's fixed-rate side never touches the open market directly.
ECHO is mined as the reward
The value that would normally go to liquidity-pool fees is redirected to the user instead, paid in newly-released ECHO — a real reward for a real correction, at no extra cost to the reserve.
Verify it yourself
Every claim on this page is checkable directly on-chain.