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eCoinomic is a new platform that provides financial services to crypto holders by: asset investment and asset management, exchange, transfer and settlement between users and partner projects. Block chain technology has many benefits and disadvantages that make it very controversial.

Blockchain technology empowers users to fully control their transactions. This makes them a responsible customer and raises trust for all users. It also helps eliminate partner risk associated with the use of third-party oversight. Also, chain blocks ensure transparency for customers and auditors alike. This is because it can be seen by all parties involved and the transaction can not be changed. Also because transaction history is locked in every block, auditors have a simpler and easier time understanding the movement of resources. This increases the general view of block chains as efficient and productive.

eCoinomic is the perfect solution
For crypto owner:

Who buys cryptocurrency as an average and long-term investment expects high growth rates; Who receives crypto assets as payment for goods and services (eg miners); Startups and funds that require short-term fiat credit.

For investors:

Private sector investors who allocate monetary resources for revenue-generating purposes; Institutional investors interested in high profitability and low risk instruments.

The eCoinomic smart contract enforces the fulfillment of loan obligations and thereby protects investments for owners of crypto assets and fiat funds.

Features of the crypto-exchange eCoinomic platform

The eCoinomic service developers are trying to introduce convenient and convenient crypto-currency services to the market through which it is possible to engage in various crypto-behavioral actions (exchanges, transfers, settlements between individuals, legal partners and projects). The basis of the platform is the Ethereum block system, the main programming language is Python.

Each platform user will be able to select the optimal service pack, including:

loans, unsecured and guaranteed;
long term investment;
index leveling associated with crypto currency;
financial and management transactions;
payment for trading services through platforms such as Amazon or eBay;
money deals with Fiat, including virtual cards with View for crypto.

How eCoinomic works

Getting started with eCoinomic is quite simple, first you must decide which goals you will use on the platform. For example, you want to place a deposit and go up on it. First, you sign a contract with the platform and through an identification procedure – KYC or AML. After that, place the deposit in the fiat, after agreeing the conditions for the interest rate.

Then eCoinomic goes into the game: it finds the customer who wants to receive the loan (thus, if you sign up for the service with the intent to get the loan, then you form another app), prepare the transaction, do and control all their payments, amount and timeliness .

All relationships between borrowers and lenders are governed by smart contracts, no human participation, all transparent and unbiased. In addition, in intelligent contracts, the algorithm for monitoring multiple crypto instruments is determined. Therefore, in the case of asset depreciation, the borrower is given the opportunity to:

exchange assets;
agree to liquidate some of the loan repayment guarantee;
to close the credit line ahead of schedule.
The lender gets his money back with interest.

Reasons We Choose Blockchain

Blockchain is a permanent public book that records digital transactions. This technology was first introduced by anonymous individuals under the pseudonym of Satoshi Nakamoto in 2008 and has since revolutionized the way we conduct currency transactions worldwide. Blockchain allows trust to be distributed across the network, without the need for central authorities to track, verify and approve digital exchange of values. It operates as a decentralized distributed database, maintaining a growing list of records divided into blocks. Legacy will utilize this technology to decentralize and place its trust in its users. Blockchain is a fairly new technology and is still in active development, improvements continue to happen, and become more efficient and secure than traditional ancient systems, which is why banks, governments, and other institutions are adopting technology. Blockchain combines the concept of peer-to-peer networks, asymmetric cryptography, decentralized computing and smart contracting into new technology platforms. In short, blockchains are distributed peer-to-peer systems that implement general ledger’s append-only transactions without trust.