eCoinomic: ACCESSING FIAT LOANS WITH CRYPTOCURRENCY AS COLLATERAL
So, I recently discovered a unique platform that will be highly beneficial to the cryptocurrency ecosystem. This platform is the next best thing, as it enables the lending of fiat money to its users who own cryptocurrency. The use of cryptocurrency in today’s world is not news anymore as they have proven to be very profitable and beneficial. There is, currently, a wide consideration for cryptocurrency as the future of money due to its digital nature. However, as is with fiat systems, the cryptocurrency ecosystem still doesn’t have a system that enables collection of loans by its users, and this has been seen as a huge drawback to the cryptosphere. The provision of such opportunity will, no doubt, be greatly appreciated by all cryptocurrency faithful and, who knows, might see an increase in cryptocurrency adoption. This service is what eCoinomic.net provides. eCoinomic.net provides a scalable solution for fiat lending to cryptocurrency owners, and this is only for starters. Somewhere along the line, eCoinomic.net hopes to upscale to provide other banking services. In its initial offer, eCoinomic.net will increase the liquidity of cryptocurrencies by enticing fiat money from financial organizations, thus closing the gulf between cryptocurrency assets and fiat assets. Also, small businesses and individuals can now have access to funds needed to upscale their business, via the lending that eCoinomic.net offers, using their cryptocurrency assets as collateral for loan. Absolutely remarkable, right? Essentially, eCoinomic.net serves as an intermediary between financial institutions who are lenders, and those who want loans who are borrowers. This novel idea offered by eCoinomic.net will be a win-win for financial institutions and the cryptocurrency ecosystem, as it offers low-risk investments that will be profitable to financial institutions, as well as offer more liquidity to the cryptocurrency ecosystem via investment offers.
FEATURES OFFERED BY THE eCOINOMIC.NET PLATFORM
• Cryptocurrency Exchange – Including the function of managing collateral assets
• Crypto payments – Payment agent with virtual cards insurance. Integration with the largest trading platforms (eBay and Amazon).
• Lending – Secured and unsecured loans based on fiat money and cryptocurrencies
• Investing – Long term and short-term investments in cryptocurrencies and fiat money
• Hedging – Mechanism of hedging the exchange rate risks for crypto assets
Other unique features of the eCoinomic.net platform includes:
• Insurance reserve fund
• A fully functional alpha version
• Transfers in fiat currencies
• Short term and Long-term investments, etc.
• Multicurrency – the platform will accept collateral (ETH, BTC, LCH, BCH including top 10 cryptocurrencies). Note that, loans will be issued in USD, EUR, GBP, JPY, CHF, CNY. Pheew!!!
• Fiat money transaction speed – Only a few minutes
• Price monitoring system – the eCoinomic system will check the collateral value on a minute basis based on data for several cryptocurrency exchanges.
• Security and transparency
• Virtual card issuance
eCoinomic’S WORKABILITY
To become a creditor on the platform, you only need to sign a contract with the eCoinomic platform and undergo a KYC. You will also find on the platform, terms and conditions which you will agree to, to make deposits. Thereafter, eCoinomic handle the rest. And by this, I mean, eCoinomic will sort the process of finding customers, processing the transactions, i.e make payments, and ensure that the debtor pays within the stipulated time frame. As a creditor, once your investment time frame elapses, you receive your money back with the accrued interest.
Also, as a borrower, you only have to register on the eCoinomic platform. Deposit in your wallet some CNC tokens so as to be able to access the full range of services offered on the eCoinomic platform. And that’s it.
Note that, on the eCoinomic platform, the minimum loan amount is $200 dollars and the maximum is $10,000, while the it is possible to repay your borrowed loan or receive your initially borrowed cryptocurrency before the stipulated time frame elapses.
eCoinomic’S TOKEN SALE DETAILS
Token name: CNC
Token type: ERC20
Token role: Utility
Total supply: up to 2.1 billion CNC
Tokens available for sale: Up to 1.55 billion
Softcap: US$6 million
Hardcap: US$100 million
Pre-sale whitelist registration start date: 15th March, 2018
Pre-sale whitelist registration end date: 3rd April, 2018
Pre-sale Development stage start date: 3rd April, 2018
Pre-sale Development stage end date: 21st April, 2018 or until US$6 million is achieved
Maximum tokens allocated for the pre-sale: 150 million CNC
Maximum contribution during the pre-sale: US$250,000
Token price during pre-sale: 1 CNC = 0.05 USD
Pre-sale bonus: Up to 25%
Crowdsale Development stage start date: 1st May, 2018
Crowdsale Development stage end date: 1st June, 2018
Reserve stage start date: 1st June, 2018
Reserve stage end date: 1st August, 2018 or until US$106 million is achieved
Reserve stage price: 1 CNC = 0.06 USD
Accepted currencies during pre-sale: ETH
Accepted currencies during main sale: ETH, BTC, XRP, BCH, LTC, NEO, XMR, ZEC
Note that, residents of the USA, China and Singapore are excluded from this token sale except they are accredited. Also, all participants are subject to a KYC.
Please visit the white paper for more details on the token sale https://ecoinomic.net/docs/whitepaper .
DISTRIBUTION OF CNC TOKENS
2% - Pre-Sale and Development stages of Token Sale
72% - Reserve stage of Token Sale
13% - Team
12% - Advisors
1% - Bounty
USE OF GENERATED FUNDS
45% - Development
7% - Operating Expenses
25% - Marketing
12% - Technical security audit
10% - Legal support
eCoinomic ROADMAP
2017
• Origin of the idea
• Conducting cryptocurrency market research, technical solutions evaluation
• Working team assembly, concept development
Q1 2018
• First public information on the project
• Early-stage development of the platform
Q2 2018
• Pilot project launch in Russian Federation
• Token Sale (Pre-Sale stage)
• International platform alpha release
• Token Sale start
Q3 2018
• Obtaining of licenses, developing solutions for different jurisdictions
• Token Sale finish
• Partnership with top global payment agents
• Signing the Letters of Intent with financial institutions and family offices
Q4 2018
• Virtual cards issue
• eCoinomic.net payment agent with open API launch
• Platform launch — November for early adopters, December — public
Q1 – Q2 2019
• Finance transfers from financial institutions and family offices
• Expansion through global partnership with local microfinance organizations
• Legal procedures for bonds issue
Q3 – Q4 2019
• Cooperation and technical connection with trading platforms
• Issue of bonds
• Procedure of crypto bank registration start
Q1 – Q2 2020
• IPO procedure initialization
• First stage crypto bank launch (licensed in the UK and EU)
Q3 – Q4 2020
• Conducting the IPO
eCoinomic TEAM
Aleksei Smolianov - CEO at eCoinomic.net and Sauber Group, Owner of Sauber Bank
Maksim Akulshin - Architect and CTO at eCoinomic.net
Vitalii Topor - Managing Director at eCoinomic.net
Maria Smolianova - Business Development Director at eCoinomic.net
The features offered by the eCoinomic platform makes it a standout. The entire cryptocurrency ecosystem has definitely not seen this before. I, therefore, urge everyone to participate in the ICO event and share in its benefits.
Feel free to click on any of the following links should you require more information on this project or want to connect with other unique participants across the globe:
Website: http://www.ecoinomic.net/
Whitepaper: https://ecoinomic.net/docs/whitepaper
ANN thread: https://bitcointalk.org/index.php?topic=2878954
Facebook: https://www.facebook.com/ecoinomic/
Twitter: https://twitter.com/Ecoinomicnet
Telegram: https://telegram.me/eCoinomicchannel
Medium: https://medium.com/@ecoinomic
Published by: charleyles
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1344011
Ethereum wallet address: 0x69C516900e939e97C7c60Ca59bdaF15295556838