Have you known good chance to Fiat investments? This is about it. eCoinomic team has started to look for the solution to this problem. More than 5 years of fintech experience in banking laid the foundation for the concept of eCoinomic platform. The new system aims to provide its users with the best opportunities for fiat investment, financial services and transfers. eCoinomic is planning to develop the following set of platform services: Secured and unsecured loans based on fiat money and cryptocurrencies. Long-term and short-term investments in fiat money and cryptocurrencies. Mechanism of hedging the exchange rate risks for crypto assets financialThis year eCoinomic plans to launch a financial services platform based on crypto assets. The prototype of lending service is in the final stage of development and the project requires an ICO funding in order to launch the public Alpha version. In the long term, the eCoinomic platform is intended to offer its users a wide range of services including exchange, transfer, financial management, virtual cards issuance and more, but the primary focus of the first stage of platform launch is secured fiat loans. Fiat currency lending backed by crypto assets is one of the most popular and apprehensible services to date on the cryptocurrency market and, when done right, it is one of the safest means of the leveraging crypto assets and fiat funds. In short, the mechanics of the eCoinomic platform are as follows: each registered user can make a loan application and establish the loan amount and interest rate. The platform allows for automatically searching and recommending a counterpart to sign a loan contract. Smart contracts deployed in the system regulate the lending processes and act as the guarantor for security and transparency of the loan operations. The technology provides automatic management of collateral crypto assets, which takes all risks related to both human behavior and market dynamics into account.
Now Its ICO Time
The eCoinomic platform already has a working prototype for internal use. The Alpha release is scheduled for public testing after the successful Pre-Sale. The development team of eCoinomic platform pays particular attention to the financial safety of investors and creditors by refining the smart contracts that enforce the fulfillment of loan obligations.The international team behind the project has 5 years of fintech experience and possesses a strong background in developing software products for the banking sector. They have a clear vision on how to set up worldwide payment transactions with fiat and cryptocurrencies. The eCoinomic head office is in London, UK. The project is negotiating with international payment system for supporting Alpha release. eCoinomic offers a fair level of discounts to the participants of Pre-Sale and ICO.
Moreover-eCoinomic(CNC)
Too often over the past time, mainstream media would rush to call for “crash” each time when the price of bitcoin even slightly sank. A day or two was required for bitcoin to regain its losses given its volatility. Considering the cumulative market fall, it is more like a genuine crash.Crypto-economy demonstrates a significant drop in prices. Both Bitcoin and top coins decreased in price by more than 15%. For instance, it is the first time since Thanksgiving eve when Bitcoinfell below $10,000. Besides, Ethereum fell below $1,000 whereas XRP, the Ripple payment network token, erased $32 billion of its market cap in a few hours.
eCoinomic(CNC)-The Token
Token represents project value that can be different: income, possession of the property, receipt of goods or services or a symbol of the project’s gratitude for the funding received, without any obligations coming from the project. In case if the token is being meaningful, there is a chance for people to start using it and the token price will go up. Tokens draw more and more attention with the increasing number of crypto holders including speculators who do not care about the functionality, but the profitability. In this context, speculators are cryptocurrency investors and traders who tend to jump off the train at the first signal of danger, selling depreciating tokens. ICO is a new way to introduce tokens, the price of which will be established by the request of the coin initiating team. It is initially set up during the ICO and can be changed later after the listing at the exchanges where price will be regulated by the market.Users and speculators are the two main factors that affect the price of the cryptocurrency. In most cases, they influence the volatility of the course and the level of crucial support. Even the strongest cryptocurrencies have insane volatility, which clearly demonstrates that none of them have an overwhelming number of loyal users. It happens because pure speculation is always able to jeopardize the confidence of conservative investors.
User’s expansion results in the growth of capitalization of the cryptocurrency. Thus, its volatility decreases as well as speculators interest, which often indicates that particular crypto assets become mature. From an investor’s point of view, it is the end of a highly profitable investment instrument. However, rapidly growing number of projects shows that there will be more and more cryptocurrencies to gain profits from.After a few days, it is still unclear what actions South Korea is going to take. Country is considered to be one of the three biggest global cryptocurrency markets. That`s why any uncertainty in the current policy of the country results in bad investor sentiment. Besides, the lack of clarity for the news coming from China still drives the entire coin market down further.Masao Muraki, global financial strategist at Deutsche Bank, along with two colleagues Hiroshi Torii and Tao Xu, wrote the note about lack of fluctuation and volatility in the current stock market which is leading investors to look elsewhere to make money. That’s the primary reason why there is a growing interest of institutional investors in more risky investments like cryptocurrencies. “Now, a growing number of institutional investors are watching cryptocurrencies as the frontier of risk-taking to evaluate the sustainability of asset prices. The result is that institutional investors, who are supposed to value assets using their sophisticated financial literacy, analysis, and information-gathering strengths, are actually seeking feedback about the market from cryptocurrency prices (which are mainly formed by retail investors).”Masao Muraki made a point that the price of Bitcoin and other the mainstream cryptocurrencies will continue to rise as investors continue to turn to the crypto market to make money as long as volatility in the stock market is the decreasing.At the moment the situation has stabilized, but the overall the decline continues. It is not the first time when crypto-currencies overreact. Now, it is obvious that government involvement such as regulatory measures by China and South Korea have a high impact on the cryptocurrency market. High participation level of Asian countries results in the significant overall influence of the region to the whole market.
Official Links for More Details
Official Web: https://ecoinomic.net/
Whitepaper: https://ecoinomic.net/docs/eCoinomic_WP_0219.pdf
Telegram channel : https://telegram.me/eCoinomicchannel
My bitcointalk account link- https://bitcointalk.org/index.php?action=profile;u=1232324
Username- waru
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