eCoinomic : General Analysis and Insightful Impact

General Review
The development of creative innovations which has led to constant research in technological advancements has finally given birth to Blockchain technology which imperatively is changing every single industry, and lending is no exception. While lending used to be the exclusive purview of banks, credit unions, fintech companies, Blockchain startups are now extending loans to cryptocurrency owners in either cryptocurrencies or fiat currrencies.
The project has inculcated Smart contracts which through its structures has made lending and borrowing borderless, you don’t need to go all through the stress borrowers go through in traditional financial institutiuons before they can get much needed loans and this is the gap eCoinomic want to fill by creating a platform where cryptocurrencies holders can use their coins or tokens as collateral to collect the much need fiat currencies loan and still retain their cryptocurrency without much delay involved.

The introduction of eCoinomic is basically a blockchain startups which targets to provide a scalable solution for fiat lending to cryptocurrency owners. It is a digital platform providing traditional financial services to cryptocurrency holders and empowering the ecosystem.
Currently,a lot of traditional financial institutions do not accept digital assets as collateral, ruling out the possibility of sourcing funds from such institutions. Also, private financiers are not reliable.

It is renowned to note that eCoinomic is the only platform that aims to gives loans using digital assets as collateral. The use of smart contracts has guaranteed adequate security both fiat money, the lender and the collateralized assets of the borrower.

How It Works

Institutional investors and family offices are always interested in new low-risk instruments with high profitability. And crypto owners wish for the benefit of their digital assets and 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 market by issuing fiat loans to crypto community and giving guarantee and access for the ecosystem to take possession.

Huge Advantages Of eCoinomic Platform

1. Multicurrency acceptance:
   The eCoinomic platform will accept as collateral:BTC, ETH, LCH, BCH + TOP10 cryptocurrencies. Loans will be issued in: USD, EUR, GBP, JPY, CHF, CNY.
2. Fiat money transaction with maximum speed guaranteed help of the built-in payment agent,the crediting time for fiat funds will only take several minutes.
3. Price monitoring system The system checks collateral value every minute based on the data from several crypto exchanges.
4. Security and transparency Smart contracts regulate the procedures of blocking, returning or liquidating collateral assets.
5. Insurance reserve fund It is designed to enhance the attractiveness of the project for large and small investors without boundaries.

Token Analysis

eCoinomic Token (CNC) is an ERC20 utility token, based on Ethereum blockchain. The purpose of CNC token is to pay service fees on the eCoinomic digital platform.In order to assess the platform’s capabilities, the user has to undergo a simple registration process. Next, in the newly created personal account, the user has to add CNC tokens to his balance to get access to selected services.The balance of the personal account can be replenished in two ways: by transferring CNC tokens that were previously purchased during Token Sale and on a crypto exchange or by buying CNC tokens at a fixed price on the eCoinomic platform. It’s not market price, this is the cost of token inside system.The CNC token price on the platform is established on the basis of economic feasibility and includes all costs related to maintaining project integrity, its development and promotion.

Project Roadmaps

Q3–4, 2020

Conducting an IPO
Q1–2, 2020

IPO procedure initiation
First stage crypto bank launched (licensed in the UK and EU)
Q3–4, 2019

Cooperation and technical connection with trading platforms
Issue of bonds
Procedure of crypto bank registration start
Q1–2, 2019

Finance transfer from financial institutions and family offices
Expansion throuhgh global partnership with local microfinance organizations
Legal procedures for bonds issue
Q4, 2018

Virtual cards issue
eCoinomics.net payment agent with open API launch
Platform launch — November for early adopters, December for public.
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
Q2, 2018

Pilot project launched in Russian Federation
Token Sale (Pre-sale stage)
International platform alpha release
Token Sale start
Q1, 2018

First public information on the project
Early-stage development of the platform
2017

Origin of the idea
Conducting cryptocurrency market research, technical solutions evaluation
Working team asembly, concept development
Team

In total, the team is comprised of 26 member, one of the features that make this project exceptional is the team behind it. These are people that have already worked together in many businesses before which are still running up to date. They have been working together in service, financial and Fintech projects since 2001. The core team of the project is made up of professionals, experts with more than 10 years experience in Fintech industry and software development.

Conclusivey after thorough scrutiny it was reviewed that an experienced team with a succesful running businesses. Another big catch about this project is their bonus system and how they are going to used the money raised. All through the sales, the biggest bonus is just 25%, more than 50% of the money raised will not be spent, it will serves as an insurance for the platform thereby assuring lenders of the security of their funds.

For more information kindly access the links below
Website
https://ecoinomic.net/

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

Telegram
https://t.me/ecoinomicchannel

Author's Details
Name: Dulo Wegner

Btt username
Dulowegner

Btt profile
https://bitcointalk.org/index.php?action=profile;u=1196236;sa=account