INTRODUCTION
It is no longer a news The fact that the fast development of blockchain technology has reached the financial service sector and has triggered a movement to cryptocurrency involvement into the banking and financing.
eCOINOMIC PLATFORM
eCoinomic.net creates a worldwide network that lends fiat money to people and private companies utilizing crypto assets as a collateral. Along these lines there is no necessity to sell crypto assets to get a credit. eCoinomic.net platform serves as an intermediate service between financial institutions that go about as lenders and the people that go about as borrowers. eCoinomic.net takes the role of a guarantee for financial institutions, every one of the dangers associated with a lending procedure are elimina eliminated by eCoinomic.net that provides full financial coverage of the advance.
From our perspective, we consider cryptocurrency as a new perspective type of collateral that can change and develop the market of secured loans tremendously. Cryptocurrency can capture the role that previously has been given to regular accepted types of assets, real properties, vehicles and securities, the role of a new sort of collateral.
eCoinomic.net brings financial institutions, for example, investment banks, family offices and assets to the platform. eCoinomic.net business model offers an answer of generally safe profitable investments to financial institutions. eCoinomic.net conveys more liquidity to the cryptosphere by drawing in such investments.
PROJECT INFORMATION
eCoinomic.net is a platform that provides financial services to crypto holders by the accompanying ways:
☆ Fiat loans backed by cryptocurrencies as collateral
☆ Investment and asset management
☆ Exchange
☆ Transfers and shared settlements between users and partner projects
Each platform user can choose the ideal set of services to take full advantage of cryptocurrencies potential:
》 Secured and unsecured loans based on fiat money and cryptocurrencies
》 Long-term and here and now investments in fiat money and cryptocurrencies
》 Hedging the exchange rate dangers for crypto assets
》Financial exchanges, exchange, collateral management
》 Payment for merchandise and enterprises in advanced currency on the onlinetrading platforms
》 Fiat money exchanges, virtual cards issuance backed by crypto assets
THE PRINCIPAL STAGE OF DEVELOPMENT
The main full version of the platform will be freely available no later that Q4 2018. The principal services available on the platform will be lending services backed by the crypto assets.
As lending backed by crypto is most well known and required service it will be the main result of the platform. Loans backed by crypto assets present a unique open door for their owners:
♢ To use fiat money for business expansion e.g. renew miner hardware
♢ To hedge an exchange rate chance and thereby reduce an exposure to a market unpredictability
♢ To take provoke advantage of crypto assets potential
LOYALTY PROGRAM
eCoinomic.net will create and keep up an unwaveringness program in order to retain customers. As a piece of this program, members of the pre-sale stage will get an early access to the platform and will likewise get a privileged service. The valuation of the collateral can change from half to 70% depending on the type of an asset, user rating and the measure of CNC user has been holding for a certain period of time.
We offer our clients:
■Multicurrency acceptance:
Different cryptocurrencies will be accepted as a collateral Currencies 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 later.
■Rapid of fiat High speed of fiat money exchange:
Platform will cooperate with the significant Payment agents. This cooperation will provide rapid of fiat money exchanges, no longer than 4-5 minutes.
■Security and transparency:
eсoinomic.net uses Smart contract to regulate the procedures of collateral blocking, returning or selling. eCoinomic.net keen contracts enforce the fulfillment of advance commitments and thereby protect the investments for the owners of both collateralized crypto assets and fiat stores
■Live price checking system:
Collateral value is calculated based on the live information from several best exchanges (Bittrex, Poloniex, Binance etc.).
■Institutional investors:
•Private sector investors who allocate monetary resources to generate income
• Institutional investors and family offices that are interested in high benefit and generally safe instrumentsCrypto owners:
• Ones purchased cryptocurrency as short-and long haul investment expecting a high development rate
• Ones received crypto assets as payment for products and ventures (e.g. miners)
• Startups and assets holding cryptocurrency and in need of here and now fiat credits
■Monetization of the platform:
eCoinomic.net will earn revenues based on service fees in CNC that the borrowers pay for service use.
Future banking items access will be granted just for CNC token holders.
Size, market share and productivity of the platform directly depends on the measure of money eCoinomic.net allocates to the Reserve.
☆eCoinomic.net Platform Engineering Features
The platform is based on the Ethereum blockchain. Shrewd Contracts are worked with Solidity. The fundamental programming language is Python. Any user, registered on the platform, can independently establish credit conditions: advance sum and interest rate.
In order to guarantee the assets pledged as collateral the deposit is transferred to the personal record of the platform user. In case the crypto asset isn't blocked by a current credit agreement, the owner can pull back it from the platform whenever.
Single advance contract sum is specified at a level up to USD 10,000. Any user can sign any number of credit contracts for a period of 30 days most extreme. The agreement can be further prolonged after interest and service fees charged for the previous period have been paid.
For more information, visit:
Website: https://ecoinomic.net/
Whitepaper: https://ecoinomic.net/docs/WP
Telegram: https://t.me/joinchat/AAAAAEr4kO0ZRm92LNGwLA
Medium: https://medium.com/@ecoinomic
LinkedIn: https://www.linkedin.com/company/ecoinomic
Twitter: https://twitter.com/Ecoinomicnet
Facebook: https://www.facebook.com/ecoinomic/
Ann Thread: https://bitcointalk.org/index.php?topic=2878954
Authored by Solman: https://bitcointalk.org/index.php?action=profile;u=1903032
Public key: 0xCf9da57D7455aFBD22537a533FE86B880436EE54