In a fast paced and rapidly changing world of cryptocurrency, it is important for cryptocurrency owners, investors, analyst and everyone in the cryptocurrency space to be kept abreast of current trends, innovations and analysis. Absolute control over information is an herculean task if not nearly impossible, there is increased risk of harsh user experience in the world of cryptocurrency and a rapidly advancing technology such as blockchain.
In a world of hackers, fraudsters and individuals who seek to take advantage of other people’s naivety, it is important to have access to tools, data, analysis and information to keep one up to date of current event happening in the everyday crypto space. Information is power, with the right tools, you are indomitable. But gathering these information from various sources proved to be a time sapping and effort consuming task. A perfect solution would be to have an ecosystem which provides these tools to everyone ranging from investors to cryptocurrency experts or people who are newly venturing into the crypto world in one giant platform and this is where ecoinomic comes in.
eCoinomic is a new platform providing financial services to crypto holders by way of: investment and asset management, exchange, transfers and mutual settlements between users and partner projects.
eCoinomic.net provides a scalable solution for fiat lending to the cryptocurrency owners. During the first stage we create a lending platform that connects individual borrowers with institutional investors’ and family offices’ financial resources. During the later stages we add a variety of financial services including full-scale banking services.
eCoinomic.net platform provides financial services to crypto holders by way of investment and asset management, exchange, transfers and mutual settlements between users and partner projects.
The main objective of the eCoinomic project is to develop, market and refine resource-based cryptographic resource-based service platforms. It offers its users loan functions, exchanges, transfers, financial management and integration of services and systems through online payments.
On the eCoinomic platform, you can get a fiat loan that stores your crypto assets as collateral. For crypto owners, they can now start receiving payments for products and services. People can now buy cryptocurrencies as long-term investments. The eCoinomic platform provides the necessary liquidity that will assist the crypto holders. Investors will benefit enormously from this platform. Smart contracts impose conditions in loan obligations. It protects the investment of crypto holders and fiat investors.
Currently, digital assets are not widely recognized as financial assets and therefore cannot serve as collateral. At the same time, selling cryptocurrency for short-term cash withdrawal and then repurchasing it becomes a risky and unprofitable measure due to a high volatility and commissions of intermediaries.
The rapid growth of the value of digital assets creates a dilemma for their owners: on the one hand they require funds for business development / renewal of miner hardware / improvement of their living conditions, on the other hand they seek to preserve their cryptocurrency with the aim to increase its value significantly and in a short time. Getting a loan in cash requires time for considering an application, collecting additional documents, assessing the collateral or presenting a guarantee. Ultimately, the bank can deny the loan due toan inadequate or unfavorable credit history.
At present, creditors do not accept digital assets as collateral, that makes it impossible to obtain real money against a security of cryptocurrency through traditional financial institutions. And private creditors do not guarantee security and transparency of the transaction.
eCoinomic.net creates a global network that lends fiat money to individuals and small businesses using crypto assets as a collateral. Thus there is no necessity to sell crypto assets to get a loan. eCoinomic.net platform serves as an intermediate service between financial institutions that act as lenders and the individuals that act as borrowers. eCoinomic.net takes the role of a guarantee for financial institutions — all the risks associated with a lending procedure are eliminated by eCoinomic.net that provides full financial coverage of the loan.
eCoinomic.net brings financial institutions such as investment banks, family offices and funds to the platform.
eCoinomic.net business model offers a solution of low-risk profitable investments to financial institutions. eCoinomic.net brings more liquidity to the cryptosphere by attracting such investments.
THE FEATURES OF THE PLATFORM
• Secured and unsecured loans are based on money and fiat cryptocurrency
• Long-term and short-term investments in money and cryptocurrency fiat
• Exchange rate risk hedging mechanism for crypto assets
• Financial transactions, exchanges, collateral management
• Payment of goods and services in online digital currencytrading platforms like eBay and Amazon
• Fiat money transactions, virtual card issuance supported by crypto assets
eCoinomic For crypto owners:
Who purchased cryptocurrency as average and long-term investment expecting a high growth rate; Who received crypto assets as payment for goods and services (e.g. miners); Startups and funds who are in need of short-term fiat credits.
eCoinomic For investors:
Private sector investors who allocate monetary resources for the purpose of generating income; Institutional investors who are interested in high profitability and low risk instruments.
eCoinomic smart contracts enforce the fulfillment of loan obligations and thereby protect the investments for the owners of both collateralized crypto assets and fiat funds.
How it Works?
TOKEN AND ICO DETAILS
eCoinomic Token (CNC) is an ERC20 utility token, based on Ethereum blockchain. The purpose of CNC token is to pay service fees on the eCoinomic digital platform.
eCoinomic token on the platform will be market-determined meaning it will be based on CNC exchange price + 20%. For example, for a loan amount of 10 000 USD the service fee would be 60 USD, reflectedin CNC tokens. If the price of 1 CNC token equals 1 USD, the fee would be 60 CNC tokens. If the price of 1 CNC token equals 10 USD, the fee would be 6 CNC tokens.
Token name: CNC
They accept VISA and Mastercard or Cryptocurrency payments
Token sale details
Starts 01.06 and ends 01.11.2018
Maximum amount of CNC allocated for Reserve stage is 1,400,000,000tokens.
Minimum Contribution is not limited.
Maximum contribution is USD 250,000.
Initial Token price: 1 CNC = 0.06 USD
During the Reserve stage the token price increases by 1 cent each 9 days until 01.08.2018.
Starting from 2 August till the end of Token Sale, token price will be 0.0005 ETH (1 ETH = 2000 CNC).
Reserve stage will be continued until the Hard Cap is reached — USD106,000,000 or until 01.11.2018.
Use of Proceeds
WHY YOU SHOULD CHOOSE eCOINOMIC?
BTC, ETH, LCH, BCH +TOP10 are accepted.
USD, EUR, and later GBP, JPY, CHF, CNY are listed amongfiat currencies for loans.
Fiat money transaction speed
It will only take several minutes, thanks to built-in payment agent.
Security and transparency
Smart contracts regulate the procedures of blocking, returning or liquidating collateral.
Price monitoring system
Checks collateral value every minute based on the data from several exchanges.
Insurance reserve fund
Adds to the attractiveness of the project for large and small investors.
For more information, please visit:
Reddit - https://www.reddit.com/r/eCoinomic/
LinkedIn - https://www.linkedin.com/company/ecoinomic/
Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995