ecoinomic
eCoinomic is a new platform that provides financial services to cryptocurrency holders in the following ways: asset investment and asset management, exchange, transfer and settlement between users and partner projects.
Maintenance and platform development will be achieved through a service fee paid only with a CNC token. The total cost of the service is set for each type of service and remains, reasonable and transparent. Multicurrency The eCoinomic platform will accept as collateral: BTC, ETH, LCH, BCH + TOP10 cryptocurrency. Loans will be issued in: USD, EUR, GBP, JPY, CHF, CNY. Fiat money transaction speed with the help of a built-in payment agent, credit time for fiat funds will only take a few minutes. The price monitoring system checks the guarantee value every minute based on data from some crypto exchanges. Security and transparency Smart contracts set the procedure of blocking, returning, or disbursement of collateral assets. The insurance reserve fund is designed to increase the attractiveness of projects for large and small investors.
A fully functional alpha version is available!
We present the MVP platform one month before the scheduled date.
CTO & Architects Maksim Akulshin we successfully demonstrated the functioning of the lending platform during a public MVP test at the Blockchain Tomorrow BTC21 conference in Seoul, South Korea on 11 April. Three loans, 150 000 KRW ($ 141) in total, guaranteed by ETH, lent to conference guests. Funds are transferred to a guest payment card supported by Mastercard. All loans are fully repaid, indicating that the entire loan process supported by Crypto has been issued and refunded.
Unlike many blockchain projects, eCoinomic.net is not a startup in the full sense of the word - they have four parent companies:
Bank (Sauber Bank JSC is a Russian bank established in 1992 and rearranged from one of the oldest USSR banks),
A microfinance organization (Microfinance Company "Dengi Budut!" Operating in the Russian Federation since April 2011),
The pawnshop network (the Company commenced operations in August 2015. 20+ pawnshops were launched in 5 regions of the European Federation of Russia in the first year of operation) and
IT companies (Information Systems and Communications develop software products and telecommunication systems since 2009).
They have worked with banking products, loans, microfinance and IT development for years and now they bring all the competencies required for cryptosphere.
ECoinomic Token
eCoinomic Token (CNC) is an ERC20 utility token based on the Ethereum blockchain. The purpose of the CNC token is to pay for services on the eCoinomic digital platform.
To allow the use of the platform, the user must perform a simple registration. Furthermore, in the newly created personal account, users must add a CNC token to their balance to access certain services.
Personal account balances can be assessed in two ways: by transferring previously purchased CNC tokens to ICO and encrypted exchanges; or by purchasing a fixed price CNC token on the eCoinomic platform.
Once the project is launched, the eCoinomic token value on the platform will be determined on the market - this means that it will be added to the original trading price of CNC + 20%.
Getting a cash loan takes time to consider the application, collect additional documents, evaluate a mortgage, or provide a guarantor. In the end, the bank may refuse the lender's request because of poor credit or insufficient.
Currently, creditors do not accept digital assets as collateral, which makes it impossible for people to earn real money through cryptocurrency through traditional financial institutions. At the same time, private creditors do not guarantee the security and transparency of transactions.
eCoinomic guarantee
The first guarantee is given by the fact that eCoinomic.net is an intermediary between the lender and borrower of the cryptosphere, so institutional investors will not directly interact with cryptocurrency.
The second - monetary guarantee will cover all loan funds drawn from institutional investors with the fair amount of funds earned during the final stage of Pre-Sales. These funds, or the Reserve, will be deposited in escrow bank accounts and will not be spent in any case other than to compensate institutional investors for any damages if there is a problem with loan repayment.
Advantages of eCoinomic
Advantages of eCoinomic
-Multi-currency
BTC, ETH, LCH, BCH + TOP10 accepted.
Dollar, euro; followed closely by GBP, JPY, CHF and CNY,
-Flits speed currency trading
Because of the built-in payment agent, it only takes a few minutes.
-Security and transparency
Smart contracts specify procedures to block, return or liquidate collateral.
Price monitoring system
Checks the value of the guarantee every minute based on data from multiple exchanges.Insurance of reserve fund
Increase the attractiveness of large and small investors for the project.
Technical characteristics of the platform
The platform is based on the Ethereum ecosystem. Smart contracts built by Solidity. The main programming language is Python.
All registered users applying for a loan may independently establish the terms of the loan, including the loan amount and the interest rate. This platform allows automated search or other people's recommendations to help sign loan contracts. Such applications with similar conditions form a set that runs on the basis of FIFO (First In First Out). That is, every platform user can be either a borrower or a lender.
To ensure the amount of investment announced and ensure the speed of capital transactions, the platform requires the lender to open at least 10% of the deposits in the loan application.
In order to guarantee the asset as collateral, the deposit will be transferred to the user's personal account of the platform. If the encrypted asset is not blocked by the current loan agreement, the owner can remove it from the platform at any time.
Each user can sign a number of loan contracts for no more than 30 days on the calendar. In the case of interest payments and service fees, the contract may be extended.
Founder of eCoinomic.net has been working together since 2001. The project's core team consists of professionals and experts with more than 10 years of experience in the Fintech industry and software development, devoted to working hard to achieve targeted results, as evidenced by projects held.
"This service works, we will start lending in Russia in test mode by the end of May. In the first month, we will only accept ETH as collateral. Then we will expand the reach and list of collateral types. "
ECoinomic reached US $ 6 million and closed the Crowdsale Development phase on 16 May. Start the backup stage on June 1 and the CNC token will sell for $ 0.06 each. This price will then rise to $ 0.12 per item. Token sales end on August 1, 2018 and they plan to be listed on the main exchanges in August and September 2018.
for more information:
Webseite: https://ecoinomic.net/
Technisches Document: https://ecoinomic.net/docs/eCoinomic_WP_0213.pdf
Facebook: https://www.facebook.com/ecoinomic/
Twitter: https://twitter.com/Ecoinomicnet
Telegramm: https://t.me/joinchat/AAAAEr4kO0ZRm92LNGwLA
You Tube: https://www.youtube.com/channel/UCIDgUr17pmQbTNUatSA-EA
Author : Damar
profilelink: https://bitcointalk.org/index.php?action=profile;u=1764605
ETH :0xC020707CB64a02B77f47787C6C9Ca2Fdf127C12E