eCoinomic.net VS Nexo
Which is better?
My small comparison of two biggest projects on the crypto-backed loans:
eCoinomic ICO 2018 — eCoinomic is a digital platform that will provide financial services to cryptographers, including investment, asset management, exchange, transfers, etc.
The main goal of the eCoinomic project is the development, promotion and optimization of the financial services platform based on cryptographic resources. It will provide its users with the functionality of loans, exchanges, transfers, financial management and the integration of services and systems through online payment.
ECoinomic will offer various financial services to crypto holders: investment and asset management, exchange, transfers and settlements between users and partner projects. Each user of the platform will be able to choose the optimal package of services to use the full potential of encryption:
a — Guaranteed and unsecured loans based on fiduciary money or encryption;
b — long-term and short-term investments in fiduciary money or encryption;
c — mechanism for covering exchange rate risks for cryptographic assets;
d — Financial transactions, exchange, management of guarantees;
and — payment for goods and services in digital currency through trading platforms such as eBay and Amazon;
f — Fiat monetary operations, issuance of virtual cards supported by cryptographic assets.
Smart contract will monitor current quotes on various exchanges, which will allow an objective assessment of the current level of cryptographic assets. If the current factor of cryptographic assets decreases by more than 10% of the estimated value, the system warns the client that he can:
a — debug additional funds / cryptographic resources to cover the difference between the cost of the guarantee and the amount of the loan;
b — consent to partial liquidation of loan repayment guarantees;
c — close the credit line.
The size of the service charge will be predefined for each type of service and is fixed, reasonable and transparent.
ECoinomic Token (CNC) is an ERC20 utility token, based on the Ethereum block chain. The purpose of the CNC token is to pay a commission for services on the electronic platform eCoinomic. To assess the platform’s capabilities, the user must undergo a simple registration process. Then, in the newly created personal account, the user must
add CNC tokens to his balance to gain access to the selected services. The balance of the personal account can be replenished in two ways: transfer of NC tokens that were previously purchased in ICO or crypto, and purchases of CNC tokens at a fixed price on the eCoinomic platform.
At the moment, the estimated value of the CNC token on the platform is $ 1. After the project is launched, the value of the eCoinomic token on the platform will be determined by the market, which means that it will be based on the exchange price with the CNC + 20%.
advantages:
1 — Multi Currency: BTC, ETH, LCH, BCH + TOP10 will be accepted. USD, EUR and later GBP, JPY, CHF, CNY are listed among fiduciary currencies on loans;
2 — speed of cash Fiat: it takes only a few minutes thanks to the internal payment agent;
3 — Security and transparency: intellectual contracts will govern the procedures for blocking, refunding or guaranteeing;
4 — Price control system: checks the cost of the guarantee every minute based on the data of several exchanges;
5- Insurance reserve fund: will add to the attractiveness of the project to large and small investors.
The platform will be based on the Ethereum ecosystem. Smart contracts will be built with reliability. The main programming language is Python. All registered users who will make a request for a loan can independently establish credit conditions: the loan amount and the interest rate. The platform will automatically seek or recommend a colleague to sign a loan agreement.
Applications with similar conditions will be formed in clusters that will operate on the basis of FIFO (first in the first order). Any platform user can be a borrower and a lender.
Pre-order: 03/15/2018
Public launch of the ICO: 01.05.2018
ICO Deadline: 01/06/2018
Website: https://ecoinomic.net/
Technical paper: https://ecoinomic.net/docs/eCoinomic_WP_0213.pdf
Facebook: https://www.facebook.com/ecoinomic/
Twitter: https://twitter.com/Ecoinomicnet
Telegram: https://t.me/joinchat/BvGnzkd9KR7r8paSsTUPwQ
My Bitcointalk Username: vancuongdbj
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1667647
Telegram: https://t.me/vancuongdbj
