panjilaras: eCoinomic.net ICO

eCoinomic.net is a financial services platform for crypto owners

eCoinomic.net is a financial services platform for crypto owners. Its premiere service is fiat loans backed by crypto collateral. eCoinomic.net aims to bridge the gap between fiat and crypto worlds by bringing together cryptocurrency holders and institutional investors/family offices into a single financial network.

About 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.

ECONOMIC MODEL

WHAT IS THE REASON FOR TOKEN INTRODUCTION:

CNC token is a payment tool used to pay commissions for a loan contract conclusion

All tokens that have not been sold during the ICO are to be destroyed

All platform commissions are indicated in USD but are accepted only in the form of tokens

All the tokens once accepted as a commission payment are blocked for a period of five years

The platform gets the right to sell each token in accordance with the FIFO principle only after the period of its blocking expires. This works as a limiting factor for token exchange rate influence.

The token life cycle model provides a quick reduction of token amount in the market whilst token amount never goes down to zero, as the reduction of token amount leads to the growth of token value whereas token divisibility allows payments with its hundredth or thousandth parts.

QUANTITY OF TOKENS IN CIRCULATION

The principle of accepting a commission for a loan contract only in the form of tokens leads to a reduction of the token mass on the market. At first it goes swiftly, changing later to a gradual fall.

TOKEN PRICE

Reduction of the number of tokens in the circulation will be balanced by the proportional increase in token price. The number of tokens will never reach zero – the ability to pay commissions will be preserved due to the divisibility of a token.

Why is eCoinomic.net product of the highest demand:

Get the money — keep your investment.

The total volume of cryptocurrency market is estimated at

300 billion dollars

The volume of monthly loan requirement is estimated at

6 billion dollars

$6 Bln – the estimated need for loans

USERS OF THE SERVICE

1.Those who need money but do not want to lose their crypto investments

2.Those who want to get a leverage for dealing for a raiseeh

USER GETS

Loan up to USD 10 000

Loan term up to 30 days

10-12% per annum mean interest on a loan

Equivalent of USD 100 mean commission size

LTV 50% mean figure

Unlimited number of loans for a single user simultaneously

Unlimited number of prolongations for each loan

SMART CONTRACT ROLE

Enforces the fulfillment of the loan agreementUntil the user fulfills the loan agreement terms, neither the platform nor any third person can withdraw or use the collateral. As soon as the user returns the loan and the interest on the loan, the collateral is returned to the user.<br>In case the client misses the payment, the smart contract liquidates the collateral to return the loan and pay interest rate. The rest of collateral is returned to the owner.
Monitors current rates on several exchangesIn case the current rate of the crypto collateral decreases by more than 20% of the initial market price, the system sends an alert to the client. Margin call happens then the market price of the collateral decreases to the point when it becomes equal to the valuation price of the collateral + 10%.

INITIAL MARKET PRICE 100%

(market price of the collateral in US dollars at the moment the loan agreement is signed)

ALERT THRESHOLD 80%

(if the market price decreases by 20% from the initial market price, the platform starts to send alerts to the client)

75% ALERT

70% ALERT

65% ALERT

MARGIN CALL 60%

(if the market price of the collateral reaches the point when it is equal to the collateral valuation amount + 10%, the margin call happens and the collateral is automatically sold)

THE COLLATERAL VALUATION AMOUNT 50%

(market price of the collateral in US dollars at the moment the loan agreement is signed

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