Previously on my last article, I gave a general introduction to the eCoinomic.net platform. Going forward, I would be talking about eCoinomic.net under different areas. In this article, however, I am going to talk about the project information which includes the first stage of development and loyalty program. Before we go in details on the that, let’s have a brief rundown of the platform.
About the eCoinonmic.net Platform
The eCoinomic.net platform is a much-needed provision to a long existing need of the crypto world. Currently, in the world, cryptocurrencies are not considered as assets hence they are not acceptable as a collateral in acquiring of loans. In addition to that, the evaluation process of acceptable collaterals takes time and may later be too late in cases of urgent needs of the fund. This spurred this platform into existence with the aim of acting as an intermediate service between the financial institutions who are the lenders and the individuals/small business who are the borrowers. What they are offering is a guarantee to the financial institutions or private loan providers to accept cryptocurrency as assets in loan acquisitions. Effect of this is that, cryptocurrency is ultimately regarded as an asset and individuals or business can now take up loans using their crypto assets as collaterals. This would, in turn, lead to a faster process of loan acquisition as there is an easy and fast valuation of cryptocurrency assets.
Project Information
As aforementioned, the platform makes it possible to obtain loans with crypto assets as collateral. Aside from this, the platform also offers other various financial services, they include; Exchange, Investment and asset management, Transfers and mutual settlements between users and partner projects. Over time the platform would go through a series of developments and management to ensure the service provided continues to remain of top-notch quality. Therefore the funds to run these processes would be gotten from service fees on the platform which is paid with the platform own token, the CNC token.
The first stage of development
According to the roadmap, before the Q4 of 2018, the first full version of the platform would be available to all users. Due to the long-awaited solution of crypto assets as collateral, it would be the first product to be rolled out by the platform. In addition to this product, eCoinomic added a beneficial package to the crypto assets owners who decide to use the product. They make it possible for crypto assets owners to swap the cryptocurrency used as a collateral in a loan process to another cryptocurrency during the course of the loan duration.
Loyalty Program
The eCoinomic.net platform is centered around its customers and they would do their best to make sure their customers are happy and progressing. Hence, they set up a loyalty program just for the customers. I think at this junction I just have to tell you, there are multiple benefits of having and holding CNC Tokens on this platform. Well, the valuation of a collateral can range from 50% - 70% depending on; type of assets, user rating, amount of CNC the user has been holding around a certain time. It should be noted that the loan period is 30 days with the maximum amount of loan been $10,000 and minimum $200. Below is the service fee per loan.
In conclusion, this has been a review on the project information of ecoinomic.net, and its crystal clear the enormous benefits this platform provides. It has also been seen that the platform has the best interest of the customers at heart and has therefore made some packages just for their comfort. On the long run, this is a ground breaking platform and I can’t wait to share its other impressive features with you. I would be writing on a new part of the platform next. But for now stay updated with the following useful links;
Website: https://ecoinomic.net/
Whitepaper: https://ecoinomic.net/docs/whitepaper
ANN: https://bitcointalk.org/index.php?topic=2878954
Telegram: https://t.me/ecoinomicchannel
Blog: https://medium.com/ecoinomic
Published by Dogecoin92
BTT profile Link: https://bitcointalk.org/index.php?action=profile;u=1275172;sa=summary
Eth Add; 0x59D24be241Ab2a98516f5D13c3f4Cc1B6C29c2C9
Thanks for sharing that. I try to post crypto relevant content too, will be glad to see you among my followers.
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