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eCoinomic ICO
- Multicurrency
The eCoinomic platform will accept as collateral: BTC, ETH, LCH, BCH + TOP10 cryptocurrencies.
Loans will be issued in: USD, EUR, GBP, JPY, CHF, CNY.
- Fiat money transaction speed
With the help of the built-in payment agent, the crediting time for fiat funds will only take several minutes.
- Price monitoring system
The system checks collateral value every minute based on the data from several crypto exchanges.
- Security and transparency
Smart contracts regulate the procedures of blocking, returning or liquidating collateral assets.
- Insurance reserve fund
It is designed to enhance the attractiveness of the project for large and small investors.
- Fully functional alpha version
Will be available for testing after the Pre-Sale.
Features
- Multicurrency
BTC, ETH, LCH, BCH +TOP10 are accepted.
USD, EUR, and later GBP, JPY, CHF, CNY are listed among fiat currencies for loans.
- Fiat money transaction speed
It will only take several minutes, thanks to built-in payment agent.
- Security and transparency
Smart contracts regulate the procedures of blocking, returning or liquidating collateral.
- Price monitoring system
Checks collateral value every minute based on the data from several exchanges.
- Insurance reserve fund
Adds to the attractiveness of the project for large and small investors.
Technical Info
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.
eCoinomic ICO Roadmap
- 2017
- Origin of the idea
Conducting cryptocurrency market research, technical solutions evaluation
Working team assembly, concept development
- Q1 2018
- First public information on the project
Early-stage development of the platform
- Q2 2018
- Pilot project launch in Russian Federation
Token Sale (Pre-sale stage)
International platform alpha release
Token Sale start
- Q3 2018
- Obtaining of licenses, developing solutions for different jurisdictions
Token Sale finish
Partnership with top global payment agents
Signing the Letters of Intent with financial institutions and family offices
- Q4 2018 - Virtual cards issue
- Q1-2 2019
- Finance transfers from financial institutions and family offices
Expansion through global partnership with local microfinance organizations
Legal procedures for bonds issue
- Q3-4 2019
- Cooperation and technical connection with trading platforms
Issue of bonds
Procedure of crypto bank registration start
- Q1-Q2 2020
- IPO procedure initialization
First stage crypto bank launch (licensed in the UK and EU)
- Q3-Q4 2020 - Conducting the IPO
2% - Pre-sale
12% - Advisors
13% - Team
72% - Reserve
