Review on eCoinomic project
Hello everyone, dear friends!
Today we will talk about the eCoinomic project
What it is
It is a digital platform that will provide financial services for cryptographers, including investment, asset management, exchange, transfers and much more.
goal
The main goal of the eCoinomic project is the development, promotion and optimization of investment services based on cryptographic resources. It provides its users with the functionality of loans, exchanges, transfers, financial management and the integration of services and systems through online payment.
Functions
Guaranteed and unsecured loans based on fiduciary money or encryption;
Long-term and short-term investments in fiduciary money or encryption;
A mechanism for covering exchange rate risks for cryptographic assets;
Financial transactions, exchange, management of guarantees;
Payment for goods and services in digital currency through trading platforms such as eBay and Amazon;
Fiat monetary operations, issuance of virtual cards supported by cryptographic assets.
The companies will offer various financial services for crypt holders. This is the management of investments and assets, exchange, transfers and settlements between users and partner projects. Each user can provide an optimal package of services to use the full potential of encryption.
Smart contract will keep track of current quotes on various exchanges, which allows you to objectively assess the current level of cryptographic assets. If the current coefficient of cryptographic assets decreases by more than 10% of the estimated value, the system warns the client that he can use certain functions.
For example, debug additional funds / cryptographic resources to cover the difference between other guarantees and the amount of the loan;
The user also has permission to partially liquidate loan repayment guarantees;
He can close the credit line.
Token
Token (CNC) is the ERC20 utility token, based on the Ethereum block chain. The purpose of the CNC token is to pay a commission for services on the electronic platform eCoinomic. To assess the platform's capabilities, the user must undergo a simple registration process. Then, in the newly created personal account, the user must
add tokens. To your balance, to access the selected services. The balance of the personal account can be replenished in two ways: the transfer of tokens that were previously purchased in ICO or crypto, and the purchase of tokens with a fixed price on the eCoinomic platform.
add tokens. To your balance, to access the selected services. The balance of the personal account can be replenished in two ways: the transfer of tokens that were previously purchased in ICO or crypto, and the purchase of tokens with a fixed price on the eCoinomic platform.
Conclusion
The platform will be based on the Ethereum ecosystem. Smart contracts will be built with reliability. The main programming language is Python. All registered users who will make a request for a loan can independently establish credit conditions: the loan amount and the interest rate. The platform will automatically seek or recommend a colleague to sign a loan agreement.
Applications with similar conditions will be formed in clusters that will operate on the basis of FIFO (first in the first order). Any platform user can be a borrower and a lender.
Applications with similar conditions will be formed in clusters that will operate on the basis of FIFO (first in the first order). Any platform user can be a borrower and a lender.
Additional Information
Website: https://ecoinomic.net/
Technical paper: https://ecoinomic.net/docs/eCoinomic_WP_0213.pdf
Facebook: https://www.facebook.com/ecoinomic/
Twitter: https://twitter.com/Ecoinomicnet
Author
Bitcointalk Username: Abdulowad
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1328202
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