Team and background
Aleksei Smolianov — founder and CEO at Sauber Bank (founded in 1992), having worked in the area of finance for over 15 years
Vitalii Topor and Maria Smolianova — co-founders and owners of a microfinance organization located in more than 30 cities.
Maksim Akulshin — co-owner and CEO at SIIS (since 2009), an entity developing software products for finance and research companies.
Partners
- Sauber Group
- Dengi Budut!
- Pawnshop Network Leningrad
- SIIS
Our goal is to enter and develop a new market niche — fiat loans against crypto assets collateral.
eCoinomic.net understands that crypto assets are volatile, and therefore we provide short term loans with a duration of 30 days, loan-to-value ratio of 50 per cent and an interest rate of 10 per cent per annum. Let us use an example in which we use USD. If the market price of one bitcoin is 10,000 USD on the day you take a fiat loan, our platform will provide you with 5,000 USD. You will receive this amount within 4–5 minutes on your bank account.
We are seeing a huge demand for fiat lending against crypto assets, not only in bullish/appreciating market conditions, but also in bearish/depreciating market conditions. In the latter case, instead of selling your crypto assets, you can use them as a collateral and wait till your they appreciate in value, while having the benefit of spending actual cash. In the former case, with the same logic, no crypto owner is willing to sell their crypto assets knowing that they will appreciate in value.
New market niche
Regardless of the crypto market trends, there is always a demand for getting fiat without a necessity to sell a cryptocurrency.
We are not a P2P platform. We do not depend on financial condition of individual lenders. We attract financing from institutional investors.
Withdrawal and payout of loans are carried out through the “smart contract” technology.
What is a CNC token
- All commission fees within the platform, including obtaining loan fees, are paid with CNC tokens.
- All commission fees are indicated in USD and paid in CNC at the rate against USD.
- CNС is an ERC20 utility token.
- CNC tokens ones accepted as a payment are removed out from the circulation.
Due to the decrease in the number of CNC tokens in the system due to their withdrawal after a single use, the effect of deflation occurs. Consequently, the CNC price of the services goes down. Token supply reduction emerges within the ecosystem while the amount of services provided by the platform is unaffected.
In April 2018:
- MVP has been introduced at the major crypto community events — Blockchain Tomorrow 21, Seoul, Korea and Blockchain Expo Global, London, UK.
- $4,739,000 has been raised within the 19-day Pre-sale stage.
- Short list of investment agreements with family offices has been formed.
- CNC is confirmed to be an utility token (Legal Memorandum by Bright Law, a European law firm).
CNC Token Sale details
- Pre-sale finished on 21 April with $4,739,000 raised.
- Crowdsale development stage from 1 May to 31 May or until the Soft Cap of $6 million is reached for technical launch of the platform. CNC price — $0,05
- Crowdsale reserve stage from 1 June to 1 August or until the Hard Cap of $106 million is reached.
Reserve — the funds are not be spent and form the security deposit to attract financial resources of institutional investors and family offices. CNC price — $0,05 — $0,12.
News channel: https://t.me/ecoinomicchannel
Community: https://t.me/ecoinomicchatroom
