eCoinomic.net – another dimension of loans – highlights
Most of the times when I write the review I focus on the same points – description, market, token, team, roadmap and hype. This time I decided to make a shortcut and present to you just eCoinomic highlights. Are you ready?
eCoinomic.net creates a global network that lends fiat money to individuals and small businesses using crypto assets as a collateral. More about the project you can find here:
If you want to learn something about the lending and general banking history, check this link:
https://steemit.com/ico/@annahare/a-short-history-of-lending-from-ancient-greece-to-ecoinomic-net
For this article I picked up 3 things I found the most extraordinary in this project. And these are: hype, licensees and team.
HYPE: Undoubtedly one of the project brightest stars is a promo and marketing department. eCoinomic.net appeared in more than 100 media publications including the article in Russian Forbes.
But despite media interest project also gained very good reviews from the blockchain experts. General mark from the ICObench is 4,7 out of 5 possible points. Track ICO gave 4,8 points out of 5. ICO marks have been not less generous and matched this project as high as 9 points out of 10. What I really love in this statics is the exact number and category of points which were given. Besides, on the project’s website, you can find reviews given by the top specialist from the finance world like the Korean ex-minister: Dr Oh Muyng.
LICENSEES: Project already gained some licences needed for legal operating. It is an FVR000181 licence for providing services of exchanging a virtual currency against a fiat currency and FRK000150: Providing a virtual currency wallet service.
TEAM:
Names you can see in the picture below is just a half of the eCoiniomic team. The full list is available on a project website: https://www.ecoinomic.net/
The team has mainly financial background but contains also IT and marketing specialists. Actually reading the team story, I had the impression that whatever they touched it turns to gold. Have a look at what kind of business team was involved and how describes it eCoinomic Whitepaper:
”eCoinomic.net is a part of the Sauber Group — the consortium of companies working in services, financial and fintech industries.
Sauber Bank JSC financial indicators for the financial year 2017 are as follows: net assets are RUB 2.8 billion (approximately USD 46 million), capital adequacy ratio is 26.5%, the acid-test ratio is 141.4%, current liquidity ratio is 122.6%.
The microfinance company “Dengi Budut!” operates in Russian Federation since April 2011. With its own developed product — Installment Consumer Loans —customer retention rate 62%, EBITDA margin 41% and NPL 90+ 12% under the financial year 2017
Leningradsky pawn shop network has started its operations in August 2015. Twenty-plus pawn shops have been launched in 5 regions of European part of Russian. Ninety-six per cent increase of sales revenue within the period August 2015 – August 2017, 29 months operating and investment costs recovery, customer retention rate at 76%, resulted in 23% ROI at the end of 2017.
Information and Communication Systems Ltd ("SIIS") is a privately held company that was founded in May 2009. During the last year, the company’s flagship software product Survey-Studio has registered 2300+ analytical projects with more than 1500 questionnaires containing more than 64000 questions.
The team is supported by the strong advisory board consisting of blockchain specialists like Park-Bong Kyu, CEO of World Blockchain Summit, experts with the venture investments background like IK Song or legal: Simon Choi. Full list available below:
If you would like to learn more about eCoinomic check the links below:
Website: https://www.ecoinomic.net/
Whitepaper: https://ecoinomic.net/docs/whitepaper
Presentation: https://ecoinomic.net/docs/presentation
Social media:
Facebook: https://www.facebook.com/ecoinomic/
Twitter: https://twitter.com/Ecoinomicnet
Telegram: https://t.me/ecoinomicchannel
Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.
Anna Hare
https://bitcointalk.org/index.php?action=profile;u=1754481