One of the factors mitigating the advancement and continued usage of cryptocurrency is insecurity. Other factors include the inability to quickly convert the cryptocurrency into real cash. This has made it difficult for people to fully actualize their cryptocurrencies in real life. 2017 was the year cryptocurrency had a surge of interest, but, billions of cryptocurrencies were either stolen or locked up. This emphasizes the need for adequate security measures to prevent these incessant occurrences and loss of money. The ECOMI ecosystem was launched as a move towards securing the digital economic ecosystem.
The digital ecosystem is termed as services and apps located within the ECOMI ecosystem and linked to the ECOMI one device and the secure wallet. ECOMI seeks to tackle the current security issues affecting the use of applications developed on cryptocurrency and blockchain via the Ecomi physical hardware and the secure wallet. If the private keys are not secured offline, there is a high possibility that they will be attacked or stolen. But, ECOMI has ensured that the private keys created for both the decentralized apps and the cryptocurrency are secured offline to avoid any form of attack, theft or compromise. This creates an ultra-security level to massively improve the security as compared to hardware wallets and other systems.
In addition, the ECOMI ecosystem also includes a digital finance system to enable users to spend their cryptocurrencies, fiat, as well as their tokens at any place around the world. This is actualized through the introduction of Ecomi One. The Ecomi One is a global payment card designed in form of credit card. Ecomi one will help keep your fiat currencies, cryptocurrencies, loyalty, credit and debit cards. With the Ecomi One card, users do not need to make contact or strike a deal before making a transaction. All these transactions can be performed on any platform compatible with the major debit cards.
ECOMI will soon announce their Token Generation Event (TGE) for the development of wider ECOMI ecosystem and they intend to sell a total of 500,000,000 (OMI) Tokens during the event. They aim to create awareness and also raise funds for long-term projects. The OMI token will be used to access content and application on the ECOMI ecosystem. The token sale will start on the 30th of June, 2018 and end on the 30th of September, 2018. The project was developed by the following group of professionals namely; David Yu (CEO), Daniel Crothers (COO), Mikel Duffy (CTO), Joseph Janik (CIO), and other advisors.
In conclusion, the ECOMI platform will help improve the security level associated with the use of cryptocurrencies as well as ensure that the cryptocurrencies are converted to real cash and readily available for use. website whitepaper telegram twitter facebook
Author - Coltpython
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