In the first part of the review, we have already begun to discuss the eCoinomic project and found out what kind of platform it is and what its essential difference is from other similar solutions. The work on the project is carried out by an experienced team of specialists who have been in the field of finance and financial projects for 17 years, since 2001.
Thus, eCoinomic is a platform based on blocking and smart contract technology that provides its users with a number of financial instruments that allow them to manage their crypto-currency portfolios. Among these services: short-term and long-term investment, hedging, access to rapid crypto-currency payments. In addition, the platform can function as a crypto exchange.
But the main opportunity opened by the platform is lending, the feature of which is that the loan is provided in one of the local currency currencies, but is secured by a pledge in the form of one of the main crypto-currencies or tokens of the project - CNC. It's time to find out why the participants of the crypto-currency market need such a solution in such a way.
Industry needs eCoinomic
It's not a secret for anyone how rapidly the crypto-currency market is developing today. Its market capitalization will soon reach 300 billion US dollars, and the volume of transactions made daily reach several billion dollars.
Anyway, the crypto-currencies are getting closer and closer to being accepted by the world community. But nevertheless, along with such rapid growth, they are still not recognized as financial assets, which prevents them from being widely used as collateral in the process of providing loans.
The mission of eCoinomic is precisely to demonstrate how effective it can be to use crypto currency exactly as collateral to ensure the fulfillment of credit obligations. Thanks to this, thousands of participants in the crypto-currency market will have access to loans with more favorable and affordable terms than would occur, for example, through banking institutions.
As you know, in order to take a loan from a bank when it comes to large sums, a client needs to have a good credit history, provide a guarantee of repayment of the funds provided, prove the ability to repay a loan and, at the same time, collect a bunch of relevant securities.
Such running around with documents only slows down the process, and a huge number of requirements force users to turn to simpler but not verified financial institutions, the size of commissions which put customers in the most uncomfortable and disadvantageous position.
eCoinomic will assume the role of guarantor of loan repayment and responsibility to those institutions and users who will provide fiat funds on credit to participants in the crypto-currency market. This will be achieved through the use of smart contracts, which in one way or another will guarantee and ensure the fulfillment of all credit obligations.
But do not forget that eCoinomic is not just a credit platform. This is a full-fledged multifunctional interface that provides participants of the crypto-currency market with an extensive range of tools for managing their portfolios. Therefore, let's move away from the loans and return to them in the next part of the review, and now let's talk about the remaining features of the service.
More options
Let's start with hedging. This tool has long been used in the asset management process, but eCoinomic will provide this opportunity to the participants of the lending process. To ensure that the loan is guaranteed 100%, the platform will track the market value of the crypto currency that was used as collateral.
The principle is simple enough. After the deposit is paid by the user, the price of the crypto currency will be fixed in the same smart contract. If its market value starts to fall and will reach 80% of the original value, the platform will start sending signals to the user about it.
Every time the price of the crypto currency is reduced by another 5%, the user will receive the appropriate notices so that he can make one of the decisions: deposit more of the crypto currency as collateral, allow the partial liquidation of the collateral to repay the loan, or early repay and fully repay the loan.
We did not pay much attention to other eCoinomic opportunities, given the crypto-investment, exchange and payments, but they will all become an integral part of the platform, allowing the participants of the crypto-currency market to use the most effective solutions and tools to manage their crypto-currency portfolio.
| ANN THREAD |
| WEBSITE |
| WHITEPAPER |
| FACEBOOK |
| TWITTER |
| MEDIUM |
| TELEGRAM CHANNEL |
| TELEGRAM GROUP |
bakso.super
Profil link : https://bitcointalk.org/index.php?action=profile;u=1785483
ETH: 0x0A39Baaa338F9F1f5f5b4e52f82095d0dD7c94D8
Kommentare
Kommentar veröffentlichen