#eCOINOMIC.NET is a unique platform designed on the blockchain to support borrowers and lenders who either lends fund or needs some funds for a business startup or development using cryptocurrencies as collateral. This will be achieved by creating and establishing a good relationship between small, medium and large scale organizations.
CHALLENGES FACED BY INVESTORS
Although cryptocurrency has been adopted by a lot of people, organizations and industries, there are still some factors limiting the effective utilization of this disruptive technology. While investors desire to procure digital currencies, they are often faced with urgent and immediate needs of fiat for various tasks like streamlining mining hardware, business startup funds etc.
However, with cryptocurrency there is a high risk of repurchase at a higher price due to its volatility, and banks are reluctant in accepting digital assets as collateral. There is therefore the need for an innovative idea that will proffer solutions to this challenge as well as bridge the gap between fiat and cryptocurrencies, while destroying the fear that affects investors, miners as well as holders of cryptocurrencies.
However, on the #eCoinomic platform, all transactions will be performed in a legitimate way and complete transparency. The team behind this project chose to make the digital currency considerably popular. With positive elements, crypto-economy will be perceived at a great level from the normal economy globally.
WHY THE SMART CONTRACT IS NECESSARY
-The integration of #eConomic.net into a smart contract is to ensure that the agreement of the loan is dully fulfilled. The collateral remains on the platform until the user is able to keep to the term of the loan agreement. That is only when the collateral can be returned to the borrower. Also, if the borrower fails to keep to the terms of the loan agreement , the smart contract will act by liquidating the user’s collateral in order to return the loan with interest while returning the remaining collateral to the borrower.
-Secondly, the engagement of the smart contract will enable the monitoring and assessment of current rates of the token on so many exchanges. In this case, if the current rate of the digital asset collateral reduces above 20% of the initial market price, the system via the smart contract will notify the client by sending an alert.
-Also , the platform works with several kinds of crypto-currencies, with or without collateral as well as regular tracking of the cost of collateral, which is carried out with the help of crypto-Crypto currency exchanges, smart contracts and protocols are the tools used in ensuring transparency, and security of all transactions carried out on the platform
BENEFITS OF eCOINOMIC TO USERS
The unique eCoinomic platform aims to provide its users with the best opportunities for fiat investment, financial services and transfers. It is designed to develop a platform that does not only provide financial services but also protects its users. Also, there is an eCoinomic credit card which enables withdrawal of fund at anytime and anywhere. And users will be able to monitor and track all funds.
MORE UNIQUE FEATURES OF #eCONOMIC.net. PLATFORM
With the platform, users are protected against the risk of losing their funds.
ON #eCoinonmic platform transactions can easily be carried out among so many users.
#eCoinomic.net has a simple and easy to understand interface which makes it easy to exchange crypto with fiat currency and vise versa.
With #eCoinomic there is an assurance of instant investment in the required project.
eCoinomic.net also has the responsibility of creating a global network in charge of lending fiat money to individuals, small businesses and medium scale businesses with the use of the crypto assets as a collateral.
However, with this process in place, the user does not need to sell crypto assets before obtaining loan. - ECoinomic.net platform serves as the middle man between the lenders which are financial institution and the individuals that are borrowers.
#eCoinomic.net plays the role of a guarantee for financial institutions , all the risks associated with a lending procedure are eliminated by eCoinomic.net that provides full financial coverage of the loan.
eCoinomic.net has a way of attracting financial institutions such as investment banks, organizations, families and funds to the platform in order to do business.
-#Economic.net has a business model that is capable of offering solutions of low-risk profitable investments to financial institutions.
THE UNIQUE ROADMAP
In conclusion, with the unique idea using the blockchain technology and cryptocurency for financial transactions and loan procurement, #eCoinomic.net will promote mass adoption of the disruptive technology of the blockchain and also bring more liquidity to the cryptoworld. Join the community and be a part of this innovative a idea. #eCOINOMIC.net.
TOKEN DISTRIBUTIION
TOKEN DETAILS:
Token name: CNC
Token type: erc20
Token role: USD 106,000,000
Token Role: Utility
Total supply: 2,100,000,000
Token available for sale: 1,550,000,000CNC
Accepted currencies on Token sale: ETH, BTC, XRP, BCH, LTC, NEO, XMR, ZEC
THE UNIQUE TEAM MEMBERS OF eCOINOMIC
For more information please visit:
Website: https://ecoinomic.net/en
Telegram: https://t.me/ecoinomicchannel
Facebook: https://www.facebook.com/ecoinomic/
Twitter: https://twitter.com/Ecoinomicnet
Bitcointalk: https://bitcointalk.org/index.php?topic=2878954
Author’s bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summarya
Author’s Name: Nesbee
Telegram username name: @Nesbee2
Eth wallet: 0xc75534DEd4fd4796aa215A96e8E89EC58DfCF78e
the content of this review article is from the eCoinomic website and whitepaper.