Gooday folks.
A few days ago i came across Ecoin. I don't remember now who shared it, but it was on Steem. I studied the FAQ's and it looked like a good thing, so i signed up (e-mail only, no KYC :-) and promptly got airdropped with 1,250 ecoins (1,000 + 250 for signing up within 1 hour of opening the link).
This looks to be a most excellent distribution method. Ecoins are not being sold, but given away. If you promote then you can get extra coins also for free if others sign up through your link. So, i have been promoting a little and i'm up to 14,175 ecoins so far. You can read the Ecoin White Paper here
One of the people i shared with was John Huckel @matrix-8. He was so impressed he wrote an Open Letter to the Founders of Ecoin in which he says:
Your concept is brilliant! You have taken the best of the best from previous successful projects and blended them together into something that is even better!
You have improved that model by dispensing with 99.9% of the work; you have replaced complicated Mining with the simplicity of Recruiting.
With great efficiency, you will soon have created both a huge Network of Members and a correspondingly balanced amount of Currency with which they can engage in Commerce.
and much more. I encourage you to read his Open Letter to the Founders of Ecoin.
Can you imagine ....
Corrupt currencies (dirty money) falling away as they are replaced by clean, equitable currencies?
Well it looks like it's actually going to happen with this model.
Once a billion and more people have ecoins (which it seems cannot fail to happen with this distribution model), it will have decent value and will be accepted as a legitimate alternative to the current corrupt fiat currencies which our governments and bankers use to steal from us and control us!
Over half a million people have signed up since ecoin was launched just 12 days ago, so it looks like mass Crypto adoption will become a reality very soon!
I highly encourage you to claim your 900 free ecoins now (just give your email address - nothing else), and share with all your friends.
Sign up here (with my referral link :-) : https://ecoinofficial.org/referral/wafj5g0
How do you think this will affect the value of STEEM, BTC and other Crypto's? Drop a comment below please with your thoughts.
Peace and Love
Atma
Who am i?
I'll see to it later. I'm a bit busy today. I've reblog it for easier for me to find later.
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I wrote another post about ecoin, Initiative Q & Matrix-8: https://steempeak.com/hive-114105/@atma.love/crypto-mass-adoption-and-a-peaceful-and-abundant-world
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#POSH #OC Proof of share on
Twitter https://twitter.com/IamAtmaLove/status/1233879731851976704
LinkedIn https://www.linkedin.com/posts/atmalove_crypto-mass-adoption-how-will-ecoin-affect-activity-6639644761240199168-klfv
FB https://www.facebook.com/story.php?story_fbid=10158003530243149&id=679338148&refid=17&ft=mf_story_key.10158003530243149%3Atop_level_post_id.10158003530243149%3Atl_objid.10158003530243149%3Acontent_owner_id_new.679338148%3Athrowback_story_fbid.10158003530243149%3Astory_location.4%3Astory_attachment_style.share%3Athid.679338148%3A306061129499414%3A2%3A0%3A1583049599%3A-2073080261473848137&tn=*W-R#footer_action_list
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What is actually giving it value, is it backed by anything? Is the inflation rate static, decreasing over time, or what?
How are they verifying that folks only sign up once if not KYC? It's pretty easy to write scripts to sign up tons of accounts, using your own referral codes. EDIT: reading the white paper, I'm curious and concerned how their email-as-proxy works.
Sounds like just another MLM crypto. I've seen a lot that look just like this over the years.
What do you feel makes this one stand out?
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Also, the fact that it's called ECoin in light of Mr. Robot is questionable.
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lol , 99.999% of world isnt aware of Mr Robot so we are good, the slightly silly reason for picking Ecoin was it had Email at its core and its uses blockchain which bitcoin popularised :) :)
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What will give it value is the number of users, and the trust the users have in it. Inflation rate is decreasing. Sign up giveaway was 1000, now 900, reducing to 500 when 1,000,000 signed up - not read further than that. I don't know how the e-mail-as-proxy works.
I just have a gut feeling about this. And the team look good: And there is no cost involved. So ... onward and upward!
https://ecoinofficial.org/team
I asked on the Telegram group where i could share John's Open Letter to Ecoin Founders, and the CEO quite promptly connected with me and requested the link.
Lets see how it pans out.
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hey there , this is Ecoin Team here. When we say we designed world's first AI driven email based identity we mean it. Its not perfectly perfect but it does the job. You can't simply create tons of accounts and get free Ecoin out of the system that easily anyway ( you need to be an advanced hacker with advanced knowledge of what we are doing plus you need to beat our AI engine so its gets super tough for the $1 or $2 that we offer :) )
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Ecoin is not backed by anything tangible just like Bitcoin , but it derives values by the network of its participants just like Bitcoin. However unlike Bitcoin we dont ues Pow we use EOS chain and use DPOS, Which we feel suits our objective of signing up 1 billion users much better / cheaper.
In terms of inflation, even though more coin will be released with more people joining, the token count per user keeps falling down, this helps long term investors tremendously.
As you the know the value of network grows as a square of its participants, however the supply of ecoin only as square root of the total number of its users,so in effect the price will grow much faster than most people anticiapte !
hope this helps , feel free to ask more questions !
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