Cryptocurrencies differ from traditional fiat currencies in a number of ways, and knowing exactly what is meant by a ‘coin’ is key to understanding the whole concept. It’s tempting to think of a cryptocurrency coin. A token with an attached monetary value held in a wallet, and spent on goods and services, as exactly equivalent to a physical coin in your local fiat currency. i.e. A token with an attached monetary value, held in a wallet and spent on goods and services, but the two are far from the same.
The idea of a mathematically secure chain of blocks was first mentioned in 1991, first conceptualized as digital currency in 1998 as “Bit Gold” and first implemented as decentralized digital currency as “Bitcoin” in 2009.
Blockchain is nothing but chronological chain of blocks where every block contains a set of transactions/records and a reference to the previous block. This idea of a blockchain helps in establishing a digital ledger; which is immutable and can be distributed in a way that peers in the network can come to a global consensus on adding new blocks and also agree on the true state of ledger. This ledger is not at one place but its copies are with all the participants in the distributed network. These copies are updated at same time when all the participants come to a consensus. The privacy and anonymity depends upon the implementation of blockchain.
Blockchain can be implemented in many areas such as finance, banking and real estate. There are a wide variety of implementations already in the market. However, the biggest implementation is in the field of cryptocurrency. There are many cryptocurrencies available and two major currencies are Bitcoin and Ethereum.
Bitcoin is a digital payment system and a cryptocurrency. It can be used for transactions all over the world with no central authority or bank involved. There are participant nodes in Bitcoin network that have the copies of Bitcoin distributed ledger. Six times every hour, a group of transactions is collected in a block and that block is added to the blockchain. Then all the participating nodes are synced with this change in the blockchain.
Adding new blocks to the chain is called mining. The miners verify if the transactions are valid which helps resolving double-spending problem (i.e. same digital token is spent twice), Group transactions in a block, Give reference of the most recent block in the new block about to get created, Solve a mathematical proof-of-work problem. This is the step where race starts between all the miners and the winner add the new block in the chain and get funds in the mined currency as a reward and when the mathematical problem is solved the new block is added and the change is communicated along the network with all participating nodes.
ECOINOMI-Bringing Blockchain Technology for Everyone
What is ECOINOMI ?
ECOINOMI aims to highlight some economic problems and how our e-commerce platform aims to solve them using blockchain and cryptocurrency to improve the daily life of every individual by creating Ecoinomi escrow based applications that will serve as a medium of TRUST for the common people in every transaction they carry out.
In addition, the Ecoinomi ecosystem is engineered to interdependently power four separate sectors using our primary currency – XCOM and the multicurrency wallet as it accommodates every individual.
The primary goal of XCOM is to improve the lives and standards of the common people. The Ecoinomi ecosystem will serve as cryptocurrency exchange for listing tokens created by companies during ICO for immediate exchange to XCOM or FIAT.
Ecoinomi escrow based applications will serve as a medium of TRUST for the common people in every transaction they carry out. Ecoinomi will strive to be a comprehensive global gaming platform where individuals and full-time gamers can transform their time and needs into money using the XCOM Token.
The reason is not far-fetched as there is less awareness to the common people. Only Trades, Investors and corporates are currently utilizing the currency presently.
Recently, the classified market has been characterized by a lot of fraudulent activities and fraudsters. According to research agencies based in the US, Over 57% of all ads on Craigslist are «fast collections» and fraudulent.
Escrow based applications can be fully considered to be the salvation for the common man in carrying out free, safe and fair transactions. Our escrow based application is offering the common people and virtually everyone the security needed when trading online, this can be applied to buying and selling cars, real estate and other business related niches.
In Buyers and sellers can enjoy the benefits of security and protection during the buying and selling of goods, services and property.
In (At ECOINOMI, we aim to promote cryptocurrency awareness by creating Crypto applications that are readily applicable and usable in the Daily life of every common man)
Store your crypto tokens, coins and digital assets safely and securely on your mobile device, including Bitcoin, Ethereum and ERC-20 tokens. Track assets you have stored somewhere else – such as on a hardware wallet or an exchange. ECOINOMI Multicryptocurrency Wallet gives you a complete view of your entire portfolio in one place, with rich analytics to show how you’re doing.
ANDROID & IOS APP
Mobile app development is a term used to denote the act or process by which a mobile app is developed for mobile devices, such as personal digital assistants, enterprise digital assistants or mobile phones. These applications can be pre-installed on phones during manufacturing platforms, or delivered as web application using server-side or client-side processing to provide an “application-like” experience within a Web browser.
- Live crypto rate
- Latest cryptocurrency news
- Cryptocurrency exchange
The XCOM token is deployed on the Ethereum mainnet as an ERC20 token. The Ethereum Blockchain and the constantly growing community is considered the standard for digital tokens and provides the perfect environment for the XCOM token.
The XCOM token primary purpose is for transacting within our Platform. For using any of our ecosystem features:
- Online classifieds
- Decentralized lending
XCOM tokens can be used to settle any fees on our platform, including but not limited to:
- Exchange Fees
- Transaction Fees
- Collateral on the lending platform
- Discount on Fees
- Listing Fees for the Exchange
- Future exclusive services
Token Sale Details
This is a non-regulatory means of raising funds for a new company of cryptographic value. Start-up companies use the initial coin offering (ICO) to bypass a rigorous and regulated capital increase process required by venture capitalists or banks. At Ecoinomi, we aim to offer a percentage of the XCOM tokens to Participants willing to support the development of the Ecoinomi platform in exchange for fiat currencies and other cryptocurrencies such as Ether, Bitcoin, Litecoin or Dash.
The Ecoinomi (XCOM) ICO is required to enable us raise funds for the further development of the Ecoinomi platform. Interested participants are required to make pledges in any of the above listed cryptocurrencies to the designated crowdsale address, which will be visible on the dashboard.
- Token name – ecoinomi
- Token symbol – xcom
- Token type – erc-20 POS
- Start date – TBD
- Total number of tokens – 100,000,000
- Price per xcom token – 0.01USD
- Public sale – 35. 000, 000 xcom
- Presale – 15. 000, 000 xoms
- Accepted currencies – Ether, BTC, LTC, DASH
Tosupport the early adopters of the Ecoinomi token, the ICO will start with a vital bonus system. Early adopters will buy the token at exceptional prices and discounts which will not be offered in any of the future sales or affiliate program. By partaking in Ecoinomi right from ICO, you will have the assurance of the best possible price and will be considered as an active sponsor and participant in the development and establishment of Ecoinomi. The XCOM token is a vital component of the ECOINOMI ecosystem. As our utility token, on top of transferring funds with lower fees and commissions, it gives various benefits to its holders.
As the platform evolves, our ECOINOMI community will grow both in size and quality.
While stimulating the possession of XCOM tokens by incentivizing the token holders with exclusive benefits, the demand and the value of XCOM will dramatically increase. Token holders will be entitled to various benefits.
Ecoinomi Platform idea
Crypto currency TRUST Wallet
Beta version of P2P Exchange
Crypto Game development
Live version of P2P Exchange
Live Version of Online Classifieds
For More Information
My BitCointalk profile: https://bitcointalk.org/index.php?action=profile
My ETH: 0x00a9b763FF87ae5E9c6312779456144A06f6200F