eCoinomic is trying to create a platform for providing secured loans. It is trying to bridge the gap between the Fiat currency as well as the crypto world. It is attempting to provide loans to individuals who can place cryptocurrencies as collateral. As a result, the purchasing power of the individuals who are investing in cryptocurrencies will increase significantly. This is one of the main reasons why this platform holds such a significant amount of promise.
The platform will allow the institutional investors to provide such low-risk loans. With the help of smart contracts, the cryptocurrencies can be placed as collateral. If indeed, the users are not able to pay the loan back, the institutional investors who have lent the money will be able to easily sell the cryptocurrencies. This will ensure that it becomes much easier for the investors to reap their funds.
On the other hand, the users when pay up the entire loan will be able to get their cryptocurrency Holdings back quite easily. This is one of the main reasons why it is a win-win situation for the users as well as the investors. The platform facilitates the connections between both the stakeholders. That is why it actually holds such a lot of promise. With the help of this cryptocurrency backed loans, the individuals who are investing in cryptocurrencies will be able to increase their purchasing power by a significant amount. This is one of the main reasons why it holds such a lot of promise. Collateralized loans involve less risk for the investors as well and therefore, they will be able to lend a higher amount more easily.
Thus, if you’re holding cryptocurrencies you will be able to avail these loans quite easily. Currently, the platform has just launched an ICO.
eCoinomic ICO details:
- Token acronym: CNC
- Date of ICO: 01-04-2018 to 01-08-2018
- Price of token: 1 CNC = US$ 0.12
- Platform: Ethereum
- Currencies accepted: ETH, BTC, XML, LTC, BCH, XRP
- Soft cap: US$ 6 million
- Hard cap: US$ 106 million
Since the platform will be providing collateralized loans, the risk is on the lower side. Since the number of cryptocurrency investors is increasing, the traction which this platform can get is also immense. You have to; however, keep in mind the execution capability of the development team before investing. Only when the development team is able to execute its plans, the platform will be able to gain some traction.
Visit official site: https://ecoinomic.net/
- Official link: https://ecoinomic.net/
- Official Bitcointalk thread: HERE
- Link to the Whitepaper: HERE
- Bitcointalk Username: sorrros
- My Bitcointalk profile link: HERE