eCoinomic.net founders have been working together in service,financial and fintech projects since 2001. The founders are linked through both business development interests and long-term proven friendships. The projects implemented and goals achieved since 2001 have demonstrated that this team of like-minded people are devoted to hard work, creative thinking and targeted results. The core team of the project consists of professionals and experts with more than 10 years experience in Fintech Industry and software development.Read Whitepaper https://ecoinomic.net/docs/whitepaper.
What is eCoinomic.net ?eCoinomic.net is a digital platform providing traditional financial services to cryptocurrency holders. Its premiere service is fiat loans backed by crypto collateral.
Purpose
eCoinomic.net aims to provide a unique service for the e Cryptocurrency sphere by connecting individual borrowers with family offices and institutional investors who will provide their monetary funds for the borrowers, thus acting as lenders. To ensure institutional investors participation, it is mandatory to have equatable amounts of funds being gathered and locked in the escrow bank accounts as the Reserve.Visit here
https://ecoinomic.net/
What we do
eCoinomic.net provides a scalable solution for fiat lending to the cryptocurrency owners. During the first stage we create a lending platform that connects individual borrowers with institutional investors’ and family offices’ financial resources. During the later stages we add a variety of financial services including full-scale banking services.Value propositioneCoinomic.net brings new value to the cryptoindustry by creating stable and reliable platform that offers fast and easy way to get fiat loans.
What value we offer to the usersEasy access to fiat money loans backed by cryptocurrency (Stage 1). Full spectrum of banking services in the cryptospace (Next stages).What value we offer to the cryptosphereWe increase the liquidity of the cryptocurrencies by attracting fiat money from financial organizations. We bridge the gap between crypto and traditional financial assets.eCoinomic.net is a platform that provides financial services to crypto holders by the following ways:• Fiat loans backed by cryptocurrencies as collateral• Investment and asset management• Exchange• Transfers and mutual settlements between users and partner projectsEach platform user can choose the optimal set of services to take full advantage of cryptocurrencies potential:• Secured and unsecured loans based on fiat money and cryptocurrencies• Long-term and short-term investments in fiat money and cryptocurrencies• Hedging the exchange rate risks for crypto assets• Financial transactions, exchange, collateral management• Payment for goods and services in digital currency on the online trading platforms• Fiat money transactions, virtual cards issuance backed by crypto assets
up as below upon the launch of the platform in the 4th quarter of 2018 :
Smart contract main implication :
1.To receive a loan, the client needs to send a certain amount of cryptocurrency as a collateral to the smart contract, that locks this amount.
2.After receiving the collateral, smart contract allows the platform to send the loan in fiat funds to the client. The loan is sent automatically.
3.In order to close the loan contract, the client returns the loan and the interest to the
platform. This action will be controlled by the smart contract.
4.After the transaction of fiat funds is confirmed, the smart-contract automatically releases the collateral and the client receives his cryptocurrency back.
A smart contract monitors current quotes on several exchanges, allowing to assess the current rate of crypto assets transparently.
market price decreases by additional 5% from the initial market price. The client can take the following actions :
• Deposit additional crypto assets to cover the difference between decreased collateral value and the amount of the loan
• Accept a partial liquidation of the collateral to repay the loan
• Repay the loan in full 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%.
Token Sale business necessity eCoinomic.net platform aims to fix two major issues of the cryptomarket :
1.Limited liquidity of the cryptocurrencies. eCoinomic.net brings family offices / institutional investors and attracts significant amounts of fiat money into the cryptomarket that are necessary for the creation of full-scale credit products.
2.Makes fiat loans more accessible for crypto-owners by allowing them to use crypto-actives as a collateral.
eCoinomic.net wants to stress out that, in contrast with the most ICO projects, we do not intend to spend all of the funds we attract during the sale:
- 81% of funds gathered during the Token Sale Reserve stage is to be allocated to the Reserve only and will not be spent.
- 10% will be used to cover operational expenses of the platform before it becomes profitable.
- 9% will be used to cover marketing expenses for platform promotion.
eCoinomic.net will provide reports and documents related to the usage of these money and will be annually audited by one of the Big Four accounting firms. All expenses related to the platform development are limited to USD 6 million.
Token sale details
Pre-sale whitelist registration starts : 15.03.2018
Pre-sale whitelist registration ends : 03.04.2018
Pre-sale Development stage starts : 03.04.2018
Pre-sale Development stage ends : 21.04.2018
Crowdsale Development stage start : 01.05.2018
Crowdsale Development stage end : 01.06.2018
Reserve stage start : 01.06.2018
Reserve stage end : 01.08.2018
Token name : CNC
Token type : ERC20
Token role : Utility
Hardcap : USD 106,000,000
Softcap : USD 6,000,000
Total Token supply : Up to 2,100,000,000
Tokens available for the Token Sale : Up to 1,550,000,000
Excluded countries : the USA*, People’s Republic of China, Singapore**
KYC procedure is required for all participants
Accepted currencies on Pre-Sale : ETH
Accepted currencies on Token Sale : ETH, BTC, XRP, BCH, LTC, NEO, XMR, ZEC
eCoinomic.net Token Sale is divided into three parts.
Terms of Pre-Sale stage
03.04 – 21.04.2018
Maximum amount of CNC allocated for Pre-Sale stage is 150,000,000 tokens.
Minimum Contribution is not limited. Maximum contribution is USD 250,000.
Token price : 1 CNC = 0.05 USD
Bonuses : Up to 25% (lockup period for bonus tokens : 2 months after all token sale stages)
Bonus structure depends on the contribution amount :
- ≤ USD 49,999 : 10%
- ≤ USD 99,999 : 15%
- ≤ USD 149,999 : 20%
- ≥ USD 150,000 : 25%
Participants of eCoinomic.net Pre-Sale stage will be granted with an early access to the platform and will be eligible for privileged services.
Pre-sale stage will continue until 21.04.2018 or until the allocated limit of USD 6,000,000 is reached.
Terms of Development stage
01.05 – 31.05.2018
Amount of CNC allocated to the Crowdsale Development stage will depend on the remaining amount after Pre-Sale in case eCoinomic.net does not raise USD 6,000,000.
Minimum Contribution is not limited. Maximum contribution is USD 250,000.
Token price: 1 CNC = 0.05 USD
Participants of eCoinomic.net Crowdsale Development Stage will be granted with an early access to the platform and will be eligible for privileged service.
The token sale stage will continue until 31.05.2018 or until the allocated limit of USD 6,000,000 is reached.
Funds gathered during Crowdsale Development stage will be used for the platform launch only.
Terms of Reserve stage
All unsold tokens are to be burned after the Token Sale.
81% of funds gathered during the Reserve stage is to be allocated to the Reserve only and will not be spent. This amount will be locked in the escrow bank accounts as a Reserve to ensure institutional
investors and family offices participation as a lender.
10% will be used to cover operational expenses of the platform before it becomes profitable.
9% will be used to cover marketing expenses for platform promotion.
eCoinomic.net will provide reports and documents related to the usage of these money and will be annually audited by one of the Big Four accounting firms .
Token Distribution
Funds gathered during the Pre-Sale stage and Development stage will be distributed as follows
Roadmap
Q3-4 2020 Conducting the IPO
Q1-2 2020 IPO procedure initialization First stage crypto bank launch (licensed in the UK and EU)
Q3-4 2019 Cooperation and technical connection with trading platforms Issue of bonds Procedure of crypto bank registration start
Q1-2 2019 Finance transfers from financial institutions and family offices Expansion through global partnership with local microfinance organizations Legal procedures for bonds issue
Q4 2018 Virtual cards issue eCoinomics.net payment agent with open API launch Platform launch - November for early adopters, December - public.
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
Q2 2018 Pilot project launch in Russian Federation Token Sale (Pre-sale stage) International platform alpha release Token Sale start
Q1 2018 First public information on the project Early-stage development of the platform
2017 Origin of the idea Conducting cryptocurrency market research, technical solutions evaluation Working team assembly, concept development
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