eCoinomic (Financial Management Services of The Digital Assets)

eCoinomic is a new platform providing financial services to crypto holders by way of: investment and asset management, exchange, transfers and mutual settlements between users and partner projects. The Block chain technology possesses a lot of benefits and demerits making it widely controversial.

The blockchain technology empowers the users to be in complete control of their transactions. This makes them the customers responsible and engenders trust for all users. This also helps to eliminate counterpart risks associated with the use of a third party oversight. Also, the block chain ensures transparency for customers and auditors alike. This is because it can be seen by all parties involved and transactions cannot be altered. Also because the transaction history is locked into each block, auditors have a simpler and easier time in understanding the movement of the resources. This improves the general outlook of the block chain as being efficient and productive.

eCoinomic is the perfect solution

For crypto owners:
Who purchased cryptocurrency as average and long-term investment expecting a high growth rate; Who received crypto assets as payment for goods and services (e.g. miners); Startups and funds who are in need of short-term fiat credits.

For investors:
Private sector investors who allocate monetary resources for the purpose of generating income; Institutional investors who are interested in high profitability and low risk instruments.

eCoinomic smart contracts enforce the fulfillment of loan obligations and thereby protect the investments for the owners of both collateralized crypto assets and fiat funds.

Engineering features of the platform
The platform is based on the Ethereum ecosystem. Smart Contracts are built with Solidity. The main programming language is Python. All registered users who make a loan application can independently establish credit conditions: the loan amount and interest rate. The platform allows to automatically search/recommend a counterpart to sign a loan contract. Applications with similar conditions are formed into clusters that operate on the basis of FIFO (first in, first out). Any user of the platform can be both a borrower and a lender. In order to guarantee the declared volume of investments and ensure the speed of funds transactions the lender is required by the platform to open a deposit for the amount of at least 10% of the sum in the loan application. In order to guarantee the assets pledged as security the deposit is transferred to the personal account of the platform user. In case if the crypto asset is not blocked by the current loan agreement, the owner can withdraw it from the platform at any time. Every user can sign any number of loan contracts for a term not exceeding 30 calendar days. The contract can be further prolonged under condition of paying interest and service fees.

Lending backed by crypto assets
This is the most popular and apprehensible service to date on the cryptocurrency market. Loans backed by crypto assets present a unique opportunity for their owners:
To use fiat money for business expansion e.g. renew miner hardware
To hedge the exchange rate risk and thereby reduce the exposure to market volatility
To take prompt advantage of crypto assets potential

The valuation of the collateral can vary from 50 to 70% depending on the type of asset, user rating and application of the loyalty program. The minimal loan amount is 200 USD, the maximum loan amount is 10 000 USD. The loan term is 1 month. In the 4th quarter of 2018 upon the launch of the platform the service fee for issuing a loan will be.

eCoinomic Token
Symbol: CNC
Type: ERC20
Utility Token
Hard cap: 1,000,000,000 USD
Soft cap: 6,000,000 USD
Total Token Supply: Up to 7,000,000,000
Token available for Token Sale: 5,150,000,000
Accepted Currencies: BTC, ETH, XRP, LTC, NEO, BCH, XMR, ZEC.
Price: 1CNC = 0.05 USD

Road Map