ECOINOMIC: COLLATERALIZE YOUR DIGITAL ASSETS

Operating a successful business can be a challenging, but rewarding experience. Securing business loans from traditional lenders, banks is a major way by which funds are raised for establishing businesses and execution of large projects. Obtaining loans for whichever of the above mentioned purpose comes with various challenges which includes collateral requirement. In the world of today, with the recent advent of cryptocurrency and blockchain technologies, lots of people possess digital/crypto assets worth millions of dollars, but unfortunately, these assets are not recognized by financial institutions who give loans. Hence, an individual who requires fiat loan to fund his business and is not willing to sell off his digital assets yet would not be considered for a loan using those digital assets as his collateral except the assets are sold and converted into a physical asset to be used as collateral before the loan can be granted. However, eCoinomic platform has emerged to proffer a lasting solution to this and many other challenges faced in financial institutions.

eCoinomic is a platform that creates a stable and reliable platform that offers fast and easy ways to obtain fiat loans. They establish a network that gives loans to individuals and business owners using their crypto assets as collateral, hence there would be no need for the borrower to sell off his valued digital assets before he would have access to loans. The platform also acts as a guarantor for financial institutions and bears all the risks involved in the loaning procedure.

SERVICES TO BE OFFERED BY ECOINOMIC

· Long and short term investments in cryprocurrencies and fiat

· Securing loans based on fiat money and cryptocurrencies

· Financial management services if the digital assets

· Hedging the exchange rate risk and taking full advantage of the crypto assets potential for business expansion

FEATURES OF ECOINOMIC PLATFORM

·Cryptocurrencies such as BTC, ETH, XRP, LTC, BCH, EOS, NEO, ADA, TRX, and DASH would be accepted as collaterals for loans in USD, EURO, JPY,CHF, GBP etc

·Value of these collaterals would be calculated based on the live data from top exchanges e.g binance, bittrex.

·Transactions are expected not to exceed 4-5 minutes and the platform would make use of smart contract to regulate collateral returning and liquidating procedures.

·To enhance security and transparency, these smart contacts would be audited by top blockchain security experts and would be made available for general review. Every user would be able to check it carefully before using the platform.

COMPONENTS

Ecoinomic consists of two components; the lenders and the borrowers.

Lenders are the financial instituions e.g banks or traditional lenders such as family offices that provides funds for the purpose of loaning. These funds are made available in fiat currency forms.

Borrowers are individuals or business owners that are willing to obtain a loan using their cryptocurrency assets as collateral. eCoinomic serves as a guarantor and guarantees the safe return of the loan and interest. However, it is mandatory for borrowers to have the Ecoinomic (CNC) tokens to be eligible to use the eCoinomic platform.

WHO CAN BENEFIT?

The following set of people can benefit hugely from the platform

·Individuals needing funds for business start up and expansion

·Individuals who purchased crypto assets as average and long term investment expecting a higher returns on investment

·Those who receive crypto assets for payment of goods and services e.g. miners

·Private sector investor who allocate monetary resources for the purpose of generating income

·Institutional investor who are interested in high profitability and low risk investments

TOKEN INFORMATION

Token Symbol: CNC

Token Type: ERC-20

Token role: Utility

Hard cap: $106,000,000