eCoinomic.net is a digital platform providing traditional financial services to cryptocurrency holders. Its premiere service is fiat loans backed by crypto collateral. The project aims to bridge the gap between fiat and crypto worlds by bringing together cryptocurrency holders and institutional investors/family offices into a single lending network.
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eCoinomic.net in a nutshell
eCoinomic.net starts off with the service of loans backed by crypto assets. You get real money on your account – 50 per cent of the market value of the collateral. The terms of a loan are from 1 to 30 days and prolongable. Loan amounts from $1 to $10,000 per contract. You can open as many contracts as you need. The service is ready, we start providing loans in Russia in test mode by the end of May. Within the first month, we will accept only ETH as collateral. Then we shall extend the outreach and the list of collateral types.
HOW IT WORKS
Institutional investors and family offices are always interested in new low-risk instruments with high profitability. And crypto owners wish for the benefit of their digital assets and for the long term hoping to gain more value. The smart contracts on the eCoinomic.net platform will solve these needs. Crypto owners will get an opportunity to obtain fiat loans using digital assets as collateral. Institutional investors and family offices will explore a new market by issuing fiat loans to crypto community.
eCoinomic.net has successfully demonstrated the proper functioning and technical viability of the lending platform during the public MVP test at Blockchain Tomorrow BTC21 conference in Seoul, South Korea on April 21, 2018. The functional testing of eCoinomic.net has included the following features: the transit of cryptocurrency, smart contract functionality and the withdrawal of funds through a payment agent.
In contrast with many blockchain projects, eCoinomic.net is not a new startup. The team is highly experienced and made up of four parent companies: a bank, a microfinance organization, a pawn shop network and an IT company. For years, they have been working with banking products, loans, microfinance and IT development and now they are bringing all the necessary competence to the crypto sphere:
eCoinomic Token (CNC) is an ERC20 utility token, based on Ethereum blockchain. The purpose of CNC token is to pay service fees on the eCoinomic digital platform.
In order to assess the platform’s capabilities, the user has to undergo a simple registration process. Next, in the newly created personal account, the user has to add CNC tokens to his balance to get access to selected services.
The balance of the personal account can be replenished in two ways: by transferring CNC tokens that were previously purchased during Token Sale and on a crypto exchange or by buying CNC tokens at a fixed price on the eCoinomic platform. It’s not market price, this is the cost of token inside system.
The CNC token price on the platform is established on the basis of economic feasibility and includes all costs related to maintaining project integrity, its development and promotion.
TOKEN SALE DETAILS
Hard Cap: USD 106,000,000
Soft Cap: USD 6,000,000
Total Token Supply: Up to 2,100,000,000
Tokens Available for the Token Sale: 1,550,000,000
Excluded countries: the USA (except for accredited investors), Singapore (except for accredited investors), Peoples Republic of China
Accepted currencies: ETH, BTC, XRP, BCH, LTC, NEO, XMR, ZEC
Pre-Sale Whitelist Registration starts: 15.03.2018
Pre-Sale Whitelist Registration ends: 03.04.2018
TOKEN SALE IS DIVIDED INTO 3 PARTS
Pre-Sale Development Stage starts: 03.04.2018
Pre-Sale Development Stage ends: 21.04.2018
Crowdsale Development Stage starts: 01.05.2018
Crowdsale Development Stage ends: 01.06.2018
Reserve Stage starts: 01.06.2018
Reserve Stage ends: 01.08.2018