ECoinomic: Review

aabl3zzy (2)in #ecoinomic • 6 years ago

The recent Development of technological development has caught up with every human activity. This has also led to the development of digital assets in the form of cryptocurrencies. Human activities have been made easy and smooth since the coming of the internet. but there is still some hold back.

Have you ever been in a situation where you need to take a loan from the bank? If you have ever been then you would agree with me that to take a loan from the bank is very stressful and hectic with a lot of government and regulatory procedures.

Apart from the documentation and verifications procedures the loan daily interest and charges are very high, and getting a valuable property as collateral is another problem all these stressful procedures many have opted out for solutions because a few can go through all those procedures and time-consuming procedures.

With the blockchain technology innovation, we now have the solution to most of our daily problems, The ECOINOMIC.NET platform is offering us something unique and stress-free loan.

eCoinomic.net is a decentralized platform for fiat lending to cryptocurrency owners. The platform is based on the Ethereum blockchain technology.

eCoinomic.net Solution

eCoinomic.net is attempting to solve the problem by providing a scalable platform for getting access to loans in fiat currency for owners of digital assets with cryptocurrency as the loan collateral.

The platform would be offering secure, fast, and transparent tractions for users on its platform.

Revenue for eCoinomic.net will come from the fees paid by users on the platform. The eCoinomic.net network would consist primarily of borrowers and lenders.

Service

eCoinomic.net is a blockchain based platform that provides financial services to crypto holders by the following ways:

Fiat loans backed by cryptocurrencies as collateral

Investment and asset management

Exchange.

Transfers and mutual settlements between users and partner projects.

Long-term and short-term investments in fiat money and.

Hedging the exchange rate risks for crypto

Financial transactions, exchange, collateral management.

Payment for goods and services in digital currency on the online trading platforms.

Fiat money transactions, virtual cards issuance backed by the asset.

eCoinomic Offer the following service to clients

Multicurrency acceptance: eCoinomi accept various cryptocurrencies as a collateral. Here are some of the currency accepted as a collateral: CNC, BTC, ETH, XRP, LTC, BCH, EOS, NEO, ETC, ADA, TRX, DASH.

Currencies available for loans: USD, EUR. GBP, JPY, CHF, CNY will be added late

A high speed of fiat money transaction: Platform will Integrate the major Payment agents. This will provide high speed of fiat money transactions, not longer than 4-5 minutes.

Security and transparency: with the use of blockchain smart contract to regulate the procedures of collateral blocking, returning or liquidating. This also helps in securing investors funds.

The Reserve: 81% of funds gathered during the Reserve stage is to be allocated to the Reserve only and will not be spent. will lock this amount in the escrow bank accounts as a Reserve to ensure institutional investors and family offices participation as a lender.

eСoinomic.net network component parts:

The platform consist of 2 component which are:

Lenders: Lenders provide loans in fiat currencies and eСoinomic.net guarantees the return of the loan and interest by it’s Reserve.

Borrowers: Borrowers just as the name implies, this are individuals or small businesses that are willing to receive a loan using their crypto as a collateral. Borrowers must have CNC tokens in order to use eСoinomic.net platform.

TOKEN INFORMATION

Token Symbol: CNC

Token Type: ERC-20

Token role: Utility

Hard cap: $106,000,000

Soft cap: $6,000,000

Max Token Supply: 2.1billion

Token Crowd sale: 1st May-1st June 2018

Token Price: 1CNC = $0.05

KYC is required for all participants

ecoinomic token.jpg