eCoinomic.net THE SOLUTION FOR FIAT LENDING TO THE CRYPTOCURRENCY OWNER
The emergence of blockchain and cryptocurrency generally didn't have its deserved attention and acceptance because the currency side of it was louder than the other sides of the merits of the blockchain technology.
But it has gained more growth, understanding and adoption in the last few years the moment more and more players and teams have come on board with a wide range of decentralised solution which opened the eyes, hearts of the general public to the fact that the blockchain and cryptocurrency has a lot more to offer than just being a digital asset or currency.
And speaking of decentralized solutions, several industries have come on board with a well definition of services in different respective sectors which is integrated into the blockchain, thereby securing their places in the future of digital currencies as well as offer a wide range of solutions to everyone in that ecosystem.
Having said that, Ecoinomics.net is one of the very few projects in the crypto-world that has got so much up its sleeve to offer.
Ecoinomics.net in my finite assessment, is no doubt one of the milestone solution that the success of the blockchain has been waiting for,
the project was created and designed to marry the existing traditional financial institution witht the emerging digitl technology of the blockchain ecosystem, they achieve this by providing fiat loans to users (individual and small business) using cryptocurrency as collateral.
Just to mention a few, there are several problems that ecoinomics prides itself to be a solution to: One of the obvious challenges is the fact that digital assets currently are not widely accepted as financial assets which makes it challenging to be used as a collateral as we all know that most loans will require one. In fact most of crypto projects makes it a point of duty to disclaim in their whitepaper that it shouldnt be considered as a currency or legal tender.
Also, if a crypto owner needs a quick funds, they may always have to sell their assets and later buy it back which makes this unreliably risky considering the volatility currently. Another thing to consider that ecoinomics.net is a solution to is the fact that it takes a long time, stress and protocols currently in the traditional financial institution to obtain a loan in cash which after all stress and efforts are made, the bank can still deny the loans....
Solving these problems from the rear, Ecoinomics.net ensures that anyone and everyone can easily access loans using their crypto as collateral, without no much processing time, documents presentations or protocols. So, no one has to sell their digital assets again, instead they can use it to stand for a loan, and after refund have ownership of their crypto again. And most importantly, ecoinomics.net takes the responsibility for the role of guarantee to the financial institutions that they are bringing to the ecosystem whose integration will help solve largely the problem of limited liquidation currently facing the blockchain market.
Ecoinomics.net will make use of CNC as its official token which shall be used on the platform for service fee, as well as used as collateral and at the same time be exchanged for other crypto coins too. CNC token has a total supply of 2.1billion and its sale was divided into three parts (the presale, the development and the reserve stage) which puts us in the reserve stage of the token sale which shall be on till the hard cap is reached. the starting price from 2nd of august shall be 0.0005ETH (1ETH=2000CNC). And the platform will launch by November for early adopters and December for the public.
To find more information about this project, here are some related links
website: https://www.ecoinomic.net
whitepaper: https://ecoinomic.net/docs/whitepaper
Telegram: https://telegram.me/eCoinomicchannel
Medium: https://medium.com/@ecoinomic
Facebook: https://web.facebook.com/ecoinomic/?_rdc=1&_rdr
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=2878954
writer's bitcointalk username: emilanoh
writer's bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2293939