Ecoinomic - Decentralized Financial Services Platform for the Crypto Community

About the project:

Recently, most innovative projects are aimed at facilitating and improving the lives of holders and active users of the crypt. Another such start-up is the eCoinomic platform, a multifunctional digital ecosystem for providing services in the field of the crypto industry: exchange, investment, asset management, transfers and so on.
The main goal of the existence of such a service is the development, promotion and optimization of the financial platform, which will be based on the principles of cryptography. Developers of this resource promise their clients access to simple exchange, transfer, financial management and lending in the crypt. More details - on.

Features of the eCoinomic crypto-exchange platform

Developers of eCoinomic service are trying to introduce a multifunctional and convenient crypto-currency service to the market through which it will be possible to carry out various actions of a crypto-currency nature (exchange, transfers, settlements between individuals, legal counterparts and projects). The basis of the platform is the Ethereum block system, the main programming language is Python.

Each user of the platform will be able to choose the optimal package of services, among which:

1 .lending, unsecured and guaranteed;
2. long-term investment;
3. leveling the risks associated with the fluctuation of the rates of crypto-currency assets;
4. financial transactions and guarantee management;
5. payment for trading services through platforms such as Amazon or eBay;
6. money transactions with Fiat, including the issuance of virtual cards with support for crypto assets.

Service developers identify such strengths as multicurrency and high speed of processing of fiat operations. As for multicurrency, the eCoinomic platform will accept not only BTC, ETH, LCH, BCH, but also crypto-currencies from the TOP-10, providing loans in EUR, USD, GBP, CHF, JPY, CNY. The speed of performing fiat operations will be provided by the built-in payment agent.

In addition, the platform will operate a price control system that focuses on several crypto-currency resources. The principles of transparency and security will be provided by smart contracts regulating the process of return, liquidation or blocking of collateral assets.

Also on the platform eCoinomic will operate an insurance reserve fund, increasing its investment attractiveness. In order to test the functionality and capabilities of the service, the project team will release an alpha version for testing, which will be available immediately after the token.

In fact, the target audience of this new project is really huge. They may be interested in individual crypt holders who purchased it for medium- and long-term investments, miners, those who receive payment for their services in digital assets, as well as start-ups, projects and funds that need short-term financial assets.

How eCoinomic works

Start cooperation with eCoinomic is quite simple, first you need to decide for which purposes you will use the platform. For example, you want to place a deposit and earn on it. First, you sign a contract with the platform and go through the identification procedure - KYC or AML. After that, place the deposit in fiat, having agreed the conditions for the interest rate.

Then the eCoinomic enters into the game: it finds customers who wish to receive a loan (accordingly, if you register for the service with a view to obtaining a loan, then you form another application), prepares the transaction, conducts and controls all payments, their amounts and timeliness.

All the relationship between the borrower and the lender is regulated by a smart contract, no human participation, everything is transparent and unbiased. In addition, in smart contracts, the algorithm for monitoring several crypto-instruments is prescribed. Therefore, in case of depreciation of the asset, the borrower is given the opportunity to:

1. redeem assets;
2. agree to partial liquidation of loan repayment guarantees;
3. to close the credit line ahead of schedule.

The lender gets his money back with interest.

The role and functions of platform tokens

The internal currency eCoinomic will become a utility CNC token ERC20 format, based on the blockbuster Ethereum. The main mission of the CNC token is to serve as a form of payment for commissions on the digital crypto-exchange platform eCoinomic. The first thing you need to do to get started is registering on the service: create a personal account with the balance to which to transfer tokens. They can be obtained during the ICO, exchanged for crypto-birzhe or purchased at a fixed price on the platform itself (at the system price, not the market price).
It was announced that the token price on the platform will start at $ 1, further fluctuations are related to the level of service costs, its development, promotion and popularization.

ICO project eCoinomic and ego bounti-campaign

The project's tokenseal will take place in several stages: preliminary sale and the main round, which in turn is divided into several sub-stages. Pre-sail will be held from March 15 to April 30, 2018, the main round of sale - from May 1 to June 1, 2018. 80% of tokens will be allocated for public sale, 14% - reward to the founders and partners of the project, 6% to the project advisers. In quantitative terms this is:

75 000 000 tokens - for the preliminary stage of sale;
1 028 528 529 - for the main round of the token;
193 117 492 - the founders and partners;
82 764 640 - to the advisers.

The most favorable price is expected for the participants of the preliminary stage of the ICO - 0,01 USD for 1 CNC, but the minimal contribution for participation in this stage is not much more - 1500 USD, the identification procedure is mandatory. Tokens sold during the pre-sale round will either be frozen for 5 months after the expiration of the ICO, or bought by the project team at 0.02 USD. Possible payment methods: BTC, ETH, BCH, LTC, DASH, XMR, BTG, ETC, NEO.

The price and the amount of the minimal contribution for the main round of the token will be different: 0.05 USD and 200 USD, respectively. At this stage, they provide their bonuses, depending on the amount of the fee. The minimum investment objective of the project is 9 000 000 USD, the maximum - 35 000 000 USD. Tokensale will continue until the upper limit is reached or until June 1, 2018. All unsold tokens will be burned by a smart contract.

According to the calculations of the project team, the minimum investment amount of USD 9 million is needed to cover the costs associated with the launch of the project. The next 13 million are needed to create an insurance fund that increases the investment attractiveness of the project, another 13 million will create an operating fund to launch the credit system and ensure the future development of the platform.

Distribution of funds collected during the Pre-Sale:

56% - marketing costs, launch of the alpha version;
22% - research and development for the platform;
22% - legal and organizational costs.

Distribution of funds collected during the main ICO:

37% will be operating and insurance funds;
12% - development;
9% - marketing;
2% - technical security audit;
2% - legal support;
1% - operating expenses.

For those who want to participate in the bounty campaign of the project: it started in February, and you can join it now. The bounty fund is 1% of the volume of tokens allocated for Pre-Sale and ICO. All bonuses to members of the bounty will be paid in CNC tokens, in the following proportions:

Facebook Campaign - 25%;
Twitter campaign - 20%;
content-campaign - 20%;
translation campaign - 20%;
Bitcointalk subscriptions - 15%.

Conclusion : The eCoinomic platform offers a lot of useful and necessary tools for the crypt owners, but as far as they correspond to the declared parameters - we will find out after the alpha release, which, fortunately, is just around the corner. The very idea of ​​creating a multifunctional crypto-exchange service is not new, but some of the proposed functions are worthy of attention. The technical documentation and the project site are quite indicative.

For more information please contact the website below :

Website:  http://www.ecoinomic.net/ 
Report: https://ecoinomic.net/docs/eCoinomic_WP_0219.pdf 
Twitter : https://twitter.com/Ecoinomicnet
Facebook:  https: // www.facebook.com / ecoinomic /
Telegram : https://medium.com/@ecoinomic 
Telegram channel : https://telegram.me/eCoinomicchannel

bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1926500