Since the innovation of Blockchain Technology in 2009, it has managed to penetrate almost every existing industry. In the past, when you think about lending, your thoughts go straight to the banks and other financial institutions that offer loans but in recent times, many blockchain companies have emerged and are slowly taking the place of lending houses in giving loans to cryptocurrency holders.
As a cryptocurrency owner who needs to get a loan, going to the bank is a stress because they will demand so many documentations and if you do not have the necessary documents and a physical collateral to back it up, then you will not get a loan as they do not accept cryptocurrencies as collateral for fiat loans. So what then can be done to erase this flaw in the lending institutions?? This is where eCoinomic.net provides a solution.
INTRODUCING eCoinomic.net
eCoinomic is the solution to our lending problems. eCoinomic is providing the traditional financial services to cryptocurrency owners using a digital platform powered by smart contracts. eCoinomic proposes to create a platform that will enable cryptocurrency owners to collect fiat loans from agreed lending institutions while making use of their cryptocurrency as collateral.
eCoinomic will use smart contracts powered by the blockchain technology to provide a scalable solution for fiat lending to cryptocurrency owner. The use of smart contracts ensures that the lender and borrowers identity are secure and private.
What edge does eCoinomic.net have over its competitors?
- Multicurrency; the eCoinomic platform accepts collateral in more than one currency. There are over 14 cryptocurrencies that can be used as collateral on the platform such as BTC, ETH, LCH, BCH + other TOP10 cryptocurrencies. The Loans will be issued in USD, EUR, GBP, JPY, CHF, CNY.
- Security and transparency; By employing smart contracts users funds are kept safe and secure.
- Price-monitoring system; the volatility of cryptocurrency is a well-known trait, therefore, to keep up with the current prices, the platform checks the value of the collateral with data drawn from multiple cryptocurrency exchanges.
- Fiat money transaction speed; The ease of converting cryptocurrency to fiat only takes place in a matter of minutes as there are built-in payment agents within the ecoinomic.net platform.
- Insurance reserve fund; This feature is used to entice both large and small investors to the platform.
THE CNC TOKEN AND ITS USES
The eCoinomic Token will be called (CNC). CNC is an ERC-20 etherum based utility token. CNC will be the core token on the eCoinomic.net platform. CNC will be used for payment of transactions carried out on the platform.
For you to access the eCoinomic.net platform, you have to add CNC tokens to your balance before you can request any services from the platform.
For you to access the eCoinomic.net platform, you have to add CNC tokens to your balance before you can request any services from the platform.
For more information or to contact the team kindly make use of any of the following links
WEBSITE: https://ecoinomic.net/
WHITEPAPER: https://ecoinomic.net/docs/whitepaper
BITCOINTALK ANN: https://bitcointalk.org/index.php?topic=2878954
TELEGRAM GROUP: https://t.me/ecoinomicchatroom
WHITEPAPER: https://ecoinomic.net/docs/whitepaper
BITCOINTALK ANN: https://bitcointalk.org/index.php?topic=2878954
TELEGRAM GROUP: https://t.me/ecoinomicchatroom
AUTHOR'S
BITCOINTALK USERNAME: johnyjay
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1819701
TELEGRAM USERNAME: @jayyd
BITCOINTALK USERNAME: johnyjay
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1819701
TELEGRAM USERNAME: @jayyd
No comments:
Post a Comment