The ecoin has been talked about much by crypto experts. There seems to be a division in thoughts, some questions it and others freely accept it. But really is this ecoin?
The ecoin: Basically, the ecoin is an EOS token, known for its transaction speed of 5000 per second. Where that is massive. You can best understand this if you analyse this in relation to the bitcoin. The ecoin transaction speed is over 800 times faster than the bitcoin.
The poorest side of this token is its high supply. It has a maximum supply of 1 trillion tokens. Compared to the bitcoin, this is too much. The bitcoin has a maximum supply of only 21 million coins. This large supply could result in lower price than most tokens.
Mining of the ecoin: Currently people are mining the ecoin in several ways. First, an individual who joins ecoin receives 200 tokens. Previously, at joining an individual could earn 1000 coins. Therefore, the more people join the platform, the lower the amount of coins distributed in this way.
However, someone only receives the coins if he/she joins using a Gmail email account. But that is not the end of the earning process. You can also earn by inviting people to register on the Ecoin platform using your link. For every person who joins under you, you earn 200 ecoins. However, you can only get these tokens if the person verifies the email.
Staking: This is another way in which people mine ecoins. They stake the coins they already have. As a result, they receive additional coins at the end of every, month.
Scratching tickets: Apart from earning through staking and the referral system, people earn through tickets. The number of tickets you get depends your activities relating to Ecoin. The more people you invite the more tickets you get. When you scratch these tickets you win some ecoins. Some people win over 1000 ecoins per scratch.
The value change anticipation: The Ecoin community believes that very soon the value of the coin will increase astronomically. This is anticipated to happen after its membership crosses over 100 million.
Withdrawal: Currently members can withdraw the coin. An individual can transfer the ecoin to an account of another user. Secondly, you can withdraw your earnings to an EOS wallet, at any time. The only condition is the minimum quantity which stands at 1 000.
Can I exchange this coin?
Yes. I know this was the next question in your mind. Because that was the first question I had when someone first told me about Ecoin. The ecoin is now listed and tradable. You can check the information at https://coinmarketcap.com/currencies/ecoin-2/
Registration
Those who want to join should visit the Ecoin site: https://ecoinofficial.org/referral/1xkzcg0