This year eCoinomic plans to launch a financial services platform based on cryptoassets. 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 cryptoassets 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 leveraging cryptoassets 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 cryptoassets, which takes all risks related to both human behavior and market dynamics into account.
Why should you join eCoinomic ICO?