Soft Cap reached
We reached USD 6 million and closed Development stage of Crowdsale on May 16. These funds are the minimum amount required for the technical and organizational implementation of our project. We will regularly post reports on the implementation process and involve the community in the limited platform testing sessions.
Please be advised that the launch capabilities directly depend on the Reserve funds raised in the next stage of the Crowdsale. The more funds go into the Reserve, the more our project will be able to attract fiat money for loans.The Hard Cap of USD 106 million will be assigned to the Reserve stage starting June 1.
We raised over $4.7 million in Pre-Sale. Twenty-eight percent of the Soft Cap was reached in 10 hours. eCoinomic.net sold 94,780,255 CNC tokens and distibuted 20,851,656 bonus tokens, thanks to our whitelist members and founders promoting the project at international industry events.
Our token sale continues in May with 25,219,745 CNC tokens left for the Сrowdsale development stage. We plan to reach our Soft Cap of USD 6 million by May 31. The Hard Cap of USD 106 million will be assigned to the Reserve stage starting June 1.
MVP is ready
We presented the platform MVP one month before the scheduled date.
Our CTO & Architect Maksim Akulshin successfully demonstrated the proper functioning of the lending platform during the public MVP test at Blockchain Tomorrow BTC21 conference in Seoul, South Korea on April 11. Three loans, 150 000 KRW ($141) in total, collateralized by ETH, were lent to the guests of the conference. The funds were transferred to the guests’ payment cards powered by Mastercard. All loans were repaid in full, thus demonstrating the entire process of crypto backed loans being issued and paid back.
Legal opinion from Bright Law
We obtained a legal opinion on the project from the reputable law firm Bright law. CNC token was acknowledged to be the utility token. As stated in the document, “the issue of CNCs to the token sale participants within the ICO procedure is not а public offer of securities. Thus, the issue of CNCs is not subject to regulation of securities market and the company should not proceed from the requirements of public offer of securities in conducting ICO”. You can read full version of the legal opinion document after registering a personal account on our website https://account.ecoinomic.net
Explainer videos on YouTube
We released a series of YouTube videos explaining our Token Sale structure and benefits that eCoinomic.net would bring to crypto owners and institutional investors/family offices.
In this video, you will find out about the inner workings of the eCoinomic.net platform: how eCoinomic.net uses smart contracts to enforce security and transparency of all financial transactions, how the system manages collateral assets and how crypto owners can get fiat loans using eCoinomic.net.
eCoinomic.net in a nutshell
To those who might have forgotten what the platform is about. eCoinomic.net starts off with the service of loans backed by crypto assets. You get real money on your account – 50 per cent of the market value of the collateral. The terms of a loan are from 1 to 30 days and prolongable. Loan amounts from $1 to $10,000 per contract. You can open as many contracts as you need.
The service is working, we start providing loans in Russia in test mode by the end of May. Within the first month, we will accept only ETH as collateral. Then we shall extend the outreach and the list of collateral types.
The eCoinomic platform will accept as collateral:
BTC, ETH, LCH, BCH + TOP10 cryptocurrencies.
Loans will be issued in: USD, EUR, GBP, JPY, CHF, CNY.
Fiat money transaction speed
With the help of the built-in payment
the crediting time for fiat funds will only take several minutes.
Price monitoring system
The system checks collateral value every minute based on the data from several crypto exchanges.
Security and transparency
Smart contracts regulate the procedures of blocking, returning or liquidating collateral assets.
Insurance reserve fund
It is designed to enhance the attractiveness of the project for large and small investors.
Fully functional alpha version
Will be available for testing after the Pre-Sale
For crypto owners
|who purchased cryptocurrency as average and long-term investment expecting a high growth rate;|
|who received crypto assets as payment for goods and services (e.g. miners);|
|startups and funds who need short-term fiat funds;|
|Private sector investors who allocate monetary resources for the purpose of generating income;|
|Institutional investors who are interested in high profitability and low risk instruments.|
It’s time to hedge the exchange rate risk and to take full advantage of the crypto assets potential for business expansion.
Successfull Loan Closure
min $200 – max $10 000
No restriction on the number of loans taken by users
min 1 day – max 30 days
With the subsequent possibility of prolongation
Crypto Сoin Turkey
6 May, Istanbul, Turkey
Block O2O Blockchain Summit 2018
8-9 May, Hong Kong
14 May, Seoul, South Korea
14 May, London, United Kingdom
Research Expo 2018
20 April, Moscow, Russia
Blockchain Expo Global
18-19 April, London, United Kingdom
Gibraltar International FinTech Forum 2018
28 February, Gibraltar
1-2 March, Marbella, Spain
6-9 March, London, United Kingdom
27 March, London, United Kingdom
23-25 March, Saint Petersburg, Russia
Blockchain Tomorrow 21
8 April, Seoul, Korea
Block Chain Summit Seoul 2018
12 April, Seoul, Korea
Conducting the IPO
IPO procedure initialization
First stage crypto bank launch (licensed in the UK and EU)
Cooperation and technical connection with trading platforms
Issue of bonds
Procedure of crypto bank registration start
Finance transfers from financial institutions and family offices
Expansion through global partnership with local microfinance organizations
Legal procedures for bonds issue
Virtual cards issue
eCoinomics.net payment agent with open API launch
Platform launch - November for early adopters, December - public.
Obtaining of licenses, developing solutions for different jurisdictions
Token Sale finish
Partnership with top global payment agents
Signing the Letters of Intent with financial institutions and family offices
Pilot project launch in Russian Federation
Token Sale (Pre-sale stage)
International platform alpha release
Token Sale start
First public information on the project
Early-stage development of the platform
Origin of the idea
Conducting cryptocurrency market research, technical solutions evaluation
Working team assembly, concept development
Our team has many years of experience in the real sector of economy, in working with banking and credit
We are aware of the obstacles to the merger of the two markets: fiat and crypto currencies. Therefore, we are planning to implement in 2018 a platform that can work in the current legal and technical framework.
The origin of the eCoinomic idea; conducting blockchain studies, evaluating existing cryptocurrencies.
Chief international communications lead
Europe Business Development Director
Value creation lead
Token economy lead
Business Development Director/Co-Founder
Software Development Director
Chief Financial Officer
Regional Director (Korea)
Software engineer, frontend-developer
Software engineer, backend-developer
Marketing Team Lead
Key Account Manager
Lam Hoai Nam
Relationship Specialist (Vietnam)
Relationship Specialist (Turkey)
Specialist in Korea relations
Head of Communications
Head of Exhibitions Department