Introduction

Cryptocurrency is growing at a rapid rate now as everyone is getting their hands on the same and it feels like that it will soon make fiat money disappear out of the market as people will deal with crypto in ahead times with so many platforms coming together to make your experience a better one as a user. Loans has always been a headache even with fiat money and for now people are not familiar with cryptocurrency as enough. What is the solution then?

eCoinomic is a project that is aimed at providing an accessible solution to a problem of fiat lending to the cryptocurrency proprietors. The company increases the cryptocurrency liquidity by getting fiat money from commercial companies. They fill the gap between crypto and usual money. The company provides such benefits for its users: secured and unsecured loans built on fiat money and cryptocurrencies, hedging risks, financial and fiat money transaction, multicurrency acceptance.

It is a financial services platform based on crypto assets. It provides its users with the functionalities of lending, exchange, transfer, financial management and integrates with online payment services and systems.

Problems faced by people

Institutional investors and family offices are always interested in new low-risk instruments with high profitability. And crypto owners wish to benefit from their digital assets and preserve them for the long term hoping to gain more value but the issue is that it is not considered as a global currency yet and hence can not be kept as collateral for loans and other things which becomes an issue for the modern users of cryptocurrency.

Solutions by Ecoinomics

Crypto owners will get an opportunity to obtain fiat loans using digital assets as collateral. Institutional investors and family offices will explore a new mortgage market by issuing fiat loans to crypto community. 81% of the funds gathered during the Token Sale (exceeding the USD 6 million soft cap) will be used to form the Reserve. The Reserve will not be spent - it will be used solely to provide full coverage for the lending funds from the institutional investors and family offices. Thus, we ensure their participation.

The team considers cryptocurrency as a new perspective type of collateral that can change the market for secured loans tremendously. An important shift in the lending practices supports the growth of the crypto world beyond the limitations, providing individuals with increased purchasing power given by crypto backed loans.

How does it work?

Institutional investors and family offices are always interested in new low-risk instruments with high profitability. And crypto owners wish to benefit from their digital assets and preserve them for the long term hoping to gain more value. The smart contracts on the eCoinomic.net platform will solve these needs. Crypto owners will get an opportunity to obtain fiat loans using digital assets as collateral. Institutional investors and family offices will explore a new mortgage market by issuing fiat loans to crypto community. 81% of the funds gathered during the Token Sale (exceeding the USD 6 million softcap) will be used to form the Reserve. The Reserve will not be spent - it will be used solely to provide full coverage for the lending funds from the institutional investors and family offices. Thus we ensure their participation.

ICO details

Token: CNC

Platform: Ethereum

Type: ERC20

Pre ICO price: 1 CNC = 0.05 USD

Price in ICO: 1 CNC = 0.12 USD

Soft cap: 6,000,000 USD

Hard cap: 106,000,000 USD

Conclusion

The eCoinomic platform already has a working prototype. The Alpha release is scheduled for public testing after the successful Pre-Sale. The development team of eCoinomic platform pays particular attention to the financial safety of investors and creditors by refining the smart contracts that enforce the fulfilment of loan obligations.

So, overall the team is dedicated towards making the user's experience a better one and their goal is to support cryptocurrency as the currency of future so that more and more users use it without any fear or headache. Hope they reach their goal, as we step towards a smarter world.

Website - https://ecoinomic.net/

Whitepaper - https://ecoinomic.net/docs/whitepaper

ANN - https://bitcointalk.org/index.php?topic=2878954.msg29576346#msg29576346

Telegram - https://t.me/joinchat/AAAAAEr4kO0ZRm92LNGwLA

Published by - dannywhelan

Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458