ECOINOMIC: A DIGITAL PLATFORM PROVIDING EASY ACCESS TO FIAT MONEY LOANS BACKED BY CRYPTOCURRENCY

capableuwa (44)in #crypto • 6 years ago

Hello buddies, today i want introduce you all to a digital platform whose aim is to provide traditional financial services to cryptocurrency holders. I bring to you ECOINOMIC. The awareness of cryptocurrency is no longer a new thing to all. Many cryptocurrency investors have consider holding cryptocurrency coin as assets instead of the traditional currency we all have been known for years. Cryptocurrency is a digital currency and its growth rate have encourage majority to consider taking it as a long term investment project. The introduction of the blockchain technology as a medium have seen some part of the world and its economy to embraced the technology at large with the intention to cause a drastic change to most financial institutions. The emergence of the blockchain technology is no longer a close secret and research have it that it have the potentials to reshape our financial institutions. Taking a look at the coinmarketcap, it can be seen that there are more than a thousand cryptocurrencies that worth over a $300 billion by capitalization, and with this value; crypto market experts have predicted this value to rise above $1 trillion possibly by 2022. Now how do ecoinomic see cryptocurrency? Ecoinomic see cryptocurrency as an asset that can bring a change and also developed the market of secured loans. Cryptocurrency can then be used to purchase other types of assets such as houses, cars, vehicles and securities. Thus, cryptocurrency can serve as an assets for collateral.

The Challenges and Problems Cryptocurrency is facing currently is that some part of the world have failed to recognized the importance of digital currency as financial asset and can not be used as collateral. Another is selling cryptocurrency for short term cash, the buying back again which is not profitable in some cases dues to the fact that many factors are involved. Take for instance a business man needs cash for his/her offline business, considering the fact that most of his assets are cryptocurrency and he does not in any way want to sell, this also becomes a problem for him to consider because aside the businesses, he also need fiat for his day to day living.
This days, in other to get a loan from any financial institutions worldwide, an individual is being made to provide various documents in other to process the transactions and the financial institution can then deny an individual of getting the loan if the appropriate and required documents are not submitted.

The problems enlisted above have been a major concern and ecoinomic has come to provide a suitable solution to tackle them respectively. Since some part of the world still do not accept cryptocurrency as an asset for collateral, ecoinomic as a platform on it own will create a global network that will serve as a medium for lending fiat currency to individual and small businesses using crypto assets as collateral, With ecoinomic it is not necessary to sell crypto assets in other to get any loan. eCoinomic will play the role of an escrows between financial institutions that sometimes act as lenders and the individual who is referred to as the borrower in the case. Ecoinomic also serve as medium that connects financial institutions, banks, family and an individual together in a platform for easy accessibility. In other for the platform to retain her customers, the ecoinomic decided to introduce the loyalty program that will create and maintain the customers assets. It will allow her customers who participated in the pre-sale to get early access to the platform and have high privileged service. The ecoinomic is built and developed on the ethereum blockchain technology with a smart contract.

BENEFITS OF ECOINOMIC

It enabled high speed of fiat money transaction
It is secure and offers high level of transparency
It enabled live price monitoring within the ecosystem
It enabled lenders and borrowers to come together in the platform while serving as an escrow
It allowed the acceptance of multiple currency within the platform
It enabled fiat and cryptocurrency to be used in the platform
It offers loyalty program which is used for the reserve.

TOKEN ECONOMY
Token Name: ECOINOMIC
Token Ticker: CNC
Token Standard: Ethereum (ERC-20) Compatible
Token Role: Utility
Token Total Supply: 2,100,000,000 CNC
Softcap: USD 6,000,000
Hardcap: USD 106,000,000
Tokens available for the Token Sale: 1,550,000,000 CNC
Accepted currencies on Pre-Sale: ETH
Accepted currencies on Token Sale: ETH, BTC, XRP, BCH, LTC, NEO, XMR, ZEC

Participants form the USA, People’s Republic of China, Singapore are not allowed to participant in the token sale.

ROADMAP