ECoinomic ICO Review: Blockchain-based Platform For Management Of Crypto-assets

Ecoinomic Ico Review: Blockchain-based Platform For Management Of Crypto-assets
Ecoinomic Ico Review: Blockchain-based Platform For Management Of Crypto-assets
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The high volatility of cryptocurrencies presents a number of problems and challenges for crypto-fans, investors, and anyone who may be interested in trading these revolutionary financial devices.

There is increased demand for suitable platforms where users can lend, invest, obtain loans and hedge funds, and perform a number of other financial operations in a secure and decentralized manner.

This is where eCoinomic comes in. This new ICO offers a platform where community members can manage and trade their crypto assets.

eCoinomic: trading cryptocurrencies on the blockchain

According to its marketing blurb, eCoinomic provides its users with financial management services of digital assets.

The eCoinomic platform enables its community members to access the following functionality for their cryptoassets:

  • Lending
  • Investing
  • Hedging
  • Exchanging
  • Payments with cryptocurrencies

https://twitter.com/agus36yusuf/status/962363875508170752

eCoinomic seems to have a particular emphasis on the lending aspect, offering loan amounts of $200 to $10,000, from one to thirty days, with the possibility of extending the loan term.

eCoinomic in figures & quick facts

  • Token name – CNC
  • Total number of tokens supplied – 1,379,410,661 CNC
  • Pre-sale start date – March 15th 2018
  • Tokens available during pre-sale – 75,000,000
  • Token price during pre-sale – 1 CNC = 0,01 USD
  • ICO start date – May 1st 2018
  • ICO end date – June 1st 2018
  • Tokens available during ICO – 1,028,528,529
  • Token price during ICO – 1 CNC = 0,05 USD
  • Softcap – 9,000,000 USD
  • Hardcap – 35,000,000 USD
  • Accepted payment methods during pre-sale: BTC, ETH, BCH, LTC, DASH, XMR, BTG, ETC, NEO.

The eCoinomic token

The company will issue its own currency, the eCoinomic token (CNC), based on the ERC-20 standard, which will become the only means to pay for service fees on the platform.

Once created, the CNC token will be distributed as follows:

  • Pre-sale & ICO – 80%
  • Founders and partners – 14%
  • Advisors – 6%

All unsold tokens will be burned after the ICO.

The team

The eCoinomic website presents a core team of fifteen people, including financial analysts, developers, UI Designers, etc.

All team members are linked to their LinkedIn profile.

Overall, the team appears solid and well balanced, with the right set of skills to suit this ICO’s objective.

Social media presence and digital footprint

Here are the social media numbers for eCoinomic at the time of writing (early March 2018).

  • Twitter – 2,032 followers
  • Facebook – 1,356 followers
  • Medium – 9 followers
  • LinkedIn – 328 followers
  • Telegram – 1,423 followers
  • YouTube – 579 followers

Competition

ICOs in general seem to be split into three broad categories: eCommerce, financial management & investment, and digital media platforms, plus a few niche subjects.

This means that there is a huge amount of ICOs out there offering similar services to the eCoinomic platform, which leads to the inevitable question of relevance or even need for this ICO.

White paper

Consult eCoinomic’s white paper for more information about the platform, additional features and services, etc.

Additional information

ICOBENCH Review

Conclusion

Adding a new ICO that deals with loans, financial investments, and cryptocurrency management at this point in time is akin to introducing yet another brand of sliced bread to the market. Investors may simply overlook it, since there are so many other choices out there.

This in no way discredits eCoinomic’s value proposition. When seen as a stand-alone product, the platform holds up on its own right, offering a set of functions with great inherent value for cryptoinvestors.

There is little to fault about eCoinomic, other than it feels like more of the same.