ECOINOMIC: ICO Review

elmichaels (1)(1)in #blockchain • 8 years ago

INTRODUCTION

As the wise man says, "Two heads are better than one. Here at ECOINOMIC, we are made up of highly successful individual consortium's that work with a condusive working relationship to achieve a variety of goals.

First, the need to bridge the gap and end the silent feud that exist between the evergrowing cryptocurrency market and the traditional banking organizations is necessary inorder for both worlds to workup a friendly relationship that favours both parties with respective growth. Secondly, for cryptocurrency to be finally accepted as a medium of exchange, it is required that this digital assets can serve as a form of collateral (like securities, real properties, vehicles, cash,etc) to the traditional lending service providers (pawnshops, banks,etc) and to support the crypto-to-crypto collateral format. Lastly, the need for a crypto banking system that provides all monetary like crypto services to it users.

The combination of these group of successful consortiums (sauber bank, Dengi Budut microfinance banks, leningradsky pawn shop, SIIS) is to create the ECOINOMIC platform that provides a solution that bridges the gap and combine the functionalities of the cryptocurrency involvement with the functionalities of the traditional banking and financing services in a way that favours all ECOINOMIC users.

To achieve this, we first create a a platform that serves as a hub that links cryptocurreny holders to lending organizations for the easy access to fiat LOANS (crypto pawn shops) with digital assets considered as collaterals. This means that crypto owners no need to sell their digital assets to acquire a loan and it also means that lending organizations can now offer low-risk profitable investments to various users.

Secondly, ECOINOMIC will create a decentralized crypto banking system that provides financial services to crypto holders which include: Exchange, digital investment and asset management, payment for goods and services, etc). This helps broaden the horizon of crypto usage into users daily activities.

ADVANTAGES of ECOINOMIC
(Solutions to Traders and Investors.)

It expands the functionality and glory of cryptocurrencies wider than the normal short term profit exchange usage.
It boost the growth ration of stakeholders in both the cry to world and the traditional banking system.
It serves as a crypto pawn shop to swap cryptocurrencies they use to another( ETH to BTC)
It serves as a marketplace where secured and unsecured loans can be acquired in a period of time.
It enables investors and traders to take low-risk profitable investments.
It helps increase the liquidity of cryptocurrencies by attracting traditional financial organizations.

ECOINOMIC TOKEN (CNC)

eCoinomic Token (CNC) will be the fuel to control all transaction cost on the eCoinomic.net environment. CNC is an ERC-20 standard utility token, based on the Ethereum blockchain, that will be use to evaluate the workings of the eCoinomic.net ecosystem,

How is CNC used in the eCoinomic.net ecosystem?

CNC is used to fund newly registered account on the platform through the transfer of CNC bought from exchanges
CNC is also used to settle cost, since the price is fixed on the eCoinomic.net platform.

TOKEN SALES

With the challenges associated with the cryptomarket, comes the solutions associated with eCoinomic.net