Jumat, 03 Agustus 2018

eCoinomic

eCoinomic


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About eCoinomic


#eCoinomic was developed using integrated systems and resources that support the creation of a stronger money scheme. #eCoinomic uses Blockchain technology because the foundation of this technology platform can bring stronger money services to Crypto-Holders worldwide.#eCoinomic offers money services that will provide users with management related to their digital assets. #eCoinomic provides loan payment, investment, hedging, exchange and crypto services. All are directly integrated into one platform that is reliable and reasonable.#eCoinomic developed by a team of skilled and professional in their field.

What is the eCoinomic ?

eCoinomic.net is fintech company founded by a team with more than 10 years of experience in traditional finance. eCoinomic.net aims to provide a scalable solution for fiat lending to cryptocurrency owners.
We create a lending platform that connects individual borrowers with institutional investors’ and family offices’ financial resources. Our goal is to bridge the gap between traditional finance and the cryptosphere.
How it works:
eCoinomic.net serves as an intermediate service between financial institutions that act as lenders and the individuals that act as borrowers. We take the role of a guarantor for financial institutions — all the risks associated with a lending procedure are eliminated by eCoinomic.net who provides full financial coverage of the loan.
This model offers a solution of low-risk profitable investments to financial institutions. By attracting such investments eCoinomic.net brings more liquidity to the cryptosphere.
We offer instant loans in fiat currencies using the collateral of crypto assets. The clients can quickly get a needed amount without selling off their crypto assets, entrusting them instead to a company, managed by professionals from the financial industry — including traditional pawn shops.
We will accept not only BTC as the collateral but also ETH, XRP, LTC, BCH, EOS, NEO, ETC, ADA, TRX, DASH and CNC — our own cryptocurrency.
We will be offering loans in multiple fiat currencies — in EUR and USD to begin with, and GBP, JPY, CHF and CNY at a later stage
The loans are processed by smart contracts that guarantee security and transparency.
Cryptocurrencies have been increasing in popularity, however, at the moment the possibilities of using them are very limited.
Currently, digital assets are only considered to be financial assets in particular countries. Even in the regions that are most approving of cryptocurrencies (South Korea, Japan, Germany) only a few goods and services can be purchased with them .
Also, crypto investors face a dilemma; whether to hold their digital assets waiting for them to grow in value, or to invest them into ICOs hoping for much bigger margins in the future.
There’s one more thing that you can do with your digital gold: get an instant loan secured using your crypto funds. There are dozens of pawnshops that offer such services, but it’s still too risky to entrust your coins to them. There are many threats and security issues. These include:
  • There’s no way to distinguish an honest financial company from a fraudster.
  • There’s no guarantee that you will get your cryptocurrencies back in time, especially if their prices rise significantly.
  • Your crypto funds could be hacked or stolen.
Also, there’s one more question that needs to be answered: why choose a pawnshop and not an ordinary bank? There are some reasons for that.
First of all, banks won’t suit everyone as they require proof of income and a good credit history from potential borrowers.
Second, if you need a really big sum, you will have to not only provide a guarantor and get life insurance, but you would also have to provide collateral. At the moment the traditional financial institutions don’t accept cryptocurrency as collateral.
Moreover, not every bank provides the possibility of filing an application for credit online. It usually takes several days from the moment that an application is sent until the client gets his or her money. Also, non-residents can’t get money from the banks in the country where they are currently located.
The problems are aplenty and one of the ways to solve it is by using lending services, for instance, crypto pawnshop where you can get a loan using crypto assets as collateral.
However, lack of confidence hinders crypto-holders and potential investors from using such services. This is understandable since many companies of that kind emerged just a couple of years ago and are not connected with real financial institutions. The crypto-market is very young, and the lack of experience discourages not only potential clients, but also institutional investors that can provide their funds for lending.
Furthermore, even the projects that turned out to be successful face intrinsic problems. For example, a lack of available capital caused by the limitations of P2P approach, as well as the legal and technical difficulties with fiat transactions.
In order to become truly successful in this field, the company must satisfy the following criteria:
  1. Be experienced in the financial sphere — especially with loans and credits.
  2. Be experienced working with regulators. The cryptosphere still lies in the grey zone and the problem with regulations is one of the most important for the industry.
  3. Have a good reputation for years.
  4. Have a solid business model that clearly explains the goals — the achievable goals, not some global ones. The problem with many blockchain projects is that they set goals that are too ambitious.
  5. Have an already operational infrastructure and a team that has great experience in risk evaluation and the development of banking products. Crypto assets are very attractive as collateral, however detailed risks analysis is required.
  6. Can work with different crypto assets, not just Bitcoin and Ether.

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