E-coinomic.net: GRANTING FLAT LOANS AGAINST CRYPTO ASSETS COLLATERAL

oyetunde (25)in #cryptocurrency • 6 years ago

INTRODUCTION

In the recent times, since the birth and evolution of blockchain ecosystem, quite a number of development and advancement has occurred in the blockchain and Cryptocurrency ecosystem, this development has brought about the deployment of new blockchain and mainnets ecosystem. E.g. Ethereum smart contract which gave birth to the ERC20 Compatible token, Neochain(NEP5) blockchain, Eos mainnet and lots more. This development has birthed alot of Cryptocurrencies in circulation for the Cryptocurrency user's where we have about 1100+ different Cryptocurrencies in the market for the asset user’s according to Coinmarketcap data statistics. And since the birth of Cryptocurrencies, it has been a substance of exchange /assets, and this development has called for an existence of Cryptocurrencies exchange. Despite all this technological innovations, buying, selling , withdrawal from Cryptocurrencies to fiat and using it as a collateral in the financial institution, to name but a few has been a major challenges lingering in the Cryptocurrencies ecosystem.
Though, Cryptocurrency has brought competition to the financial world by seen it as the new Digital Gold, but despite this development, it hasn’t been given the full recognition need in the financial institution in order for it to gain its real usefulness/utility value. Despite Cryptocurrency uncertainty status as a legal entity in most countries, however at this point a global acceptance of the crypto assets seems to be a question of time, and Some venturous experts presume cryptocurrency derivatives will become an alternative to securities. In support of this idea there is the fact that CME Group Inc and Cboe Global Markets Inc have launched Bitcoin futures trade in December 2017. This action has provided financial investors with a new kind of assets for portfolio investments. There are no territory or time limits for cryptocurrency trading in comparison to the stock market and it becomes a one more evident advantage of cryptocurrency derivatives trading.
In lieu with this, eCoinomic.net has come with a solution of building a lending fiat platform in order for individuals to secure a loan for their big and medium scale businesses using their Cryptocurrency asset as a collateral through eCoinomic Blockchain based ecosystem platform.

OVERVIEW OF eCoinomic.net

ECoinomic.net is a digital platform built on Ethereum blockchain in order to provide the traditional financial services to Cryptocurrency holders by providing a scalable solution for fiat lending to the cryptocurrency owners. I.e. To give Cryptocurrency asset holders easy access to obtain a fiat money loan using Cryptocurrency as a means of collateral without the need to sell off digital asset for fiat before applying for a loan in the financial institution.
eCoinomic.net platform is a platform that serves as an intermediary between the financial institutions and act as lenders and individuals act as borrowers. Also, eCoinomic.net eliminate the risks associated with a lending procedure and provides full financial coverage of the loan grated to borrowers by taking the role of a guarantee for the financial institution.
Solutions eCoinomic.net Platforms Provides For Cryptocurrency Asset Holders.
eCoinomic.net Platform has set to provide the following solutions to Cryptocurrency Asset holders in other to add more utility to the blockchain ecosystem
• Exchange: The eCoinomic.net exchange is build in a user friendly way, easy to use and good user interface which makes trading easy for Cryptocurrency traders, coupled with the function of managing collateral assets.
• Investment and assert management: eCoinomic.net platform will help user’s in managing their investment and asset effectively.
• eCoinomic.net platform will help in Transfer and mutual settlements between user’s and partner projects.
• eCoinomic.net will offer Fiat loans to small and big businesses backed by Cryptocurrency as a means of collateral.
Benefits of eCoinomic.net Platform Includes:
• Multicurrency: The platform will accept the following digital asset: BTC, ETH, LCH, BCH, XLM, NEO, XRP etc. as collateral. And loans will be issued in USD, EUR, JPY,GBP, And CNY.
• Fiat money transaction speed: Crediting time for fiat funds will only take some minutes with the help of the platform built-in payment agent.
• Price monitoring system: the collateral value will be put in check every minutes based on the data collated from several Cryptocurrency exchanges.
• Security and Transparency: The platform will provide adequate security system with the help of smart contracts which will regulate the procedures of blocking, returning or liquidating collateral assets.
• Insurance reserve funds is set in place in order to enhance the attractiveness of the project for large and small investors.
• Fully functional alpha version: The eCoinomic.net alpha version will be rolled out for testing after the pre-sale period.

eCoinomic.net TOKEN
eCoinomic.net Platform has created an Ethereum contract based token which will be used as a means of payment for the platform development and maintenance. And the token name is CNC.

TOKEN DETAILS

Pre sale: Yes
Total supply: 2,100,000,000
Available for sale: 1,500,000,000
Token name: CNC
Token type: ERC20
Token role: Utility
Softcap: $6,000,000
Hardcap: $106,000,000
Accepted digital currencies for Token sales includes: BTC, ETH, BCH, LTC, NEO, ZEC and XRP.

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