Cryptocurrency is a world-changing concept that will give real freedom to people to conduct their financial lives in the manner they chose to, for this reason, cryptocurrency is often hailed as the greatest revolution in modern history. However the adoption of cryptocurrency is pretty slow, and the reason arguably is its distribution model. Ecoin aims to remove these barriers and make cryptocurrency available to everyone with an email which will truly unleash the true potential of cryptocurrency.
What is Ecoin?
Ecoin is the world’s fastest-growing Cryptocurrency, an ‘email-based proxy Identity platform’ that rewards only one email per user, they achieved this using their advanced AI engine, which ensures that one person can’t claim free tokens more than once.
As they use email for rewarding users, Ecoin will have the easiest onboarding mechanism for average users which greatly reduces the barrier for crypto adoption. Along with this, they have a simple yet powerful referral mechanism which ensures ‘Ecoin to be the first cryptocurrency to onboard billion users’.
How does Ecoin work?
Ecoin is a token based on EOS blockchain which can run as many as 5000 Tx per sec which is about 800 times faster than Bitcoin which means transactions on Ecoin are not only cheaper but also near-instant.
Ecoin has a supply of about 1 trillion coins of which 500 billion are locked in a smart contract which are released by about 50 billion every 6 months. The remaining 500 billion will be distributed to users who sign up on our platform.
What gives Value to Ecoin token in Future
It’s the network of users that gives value to any payment network, they grow to millions of users, Ecoin value will skyrocket.
There are many reasons why Ecoin will be very valuable soon.
The first and foremost is this, Ecoin makes user onboarding extremely easy. Anyone with an email can simply sign up, earn and use cryptocurrency for the first time, which essentially opens the floodgates for mass adoption.
Most online businesses today are reluctant to accept cryptocurrencies like bitcoin ( even though cryptocurrencies have enormous benefits for businesses ) because only 1% of their user base uses bitcoin at the best. With Ecoin however, anyone with an email can be served by online businesses. Multi billion-dollar businesses like e-commerce, e-sports, online casinos, sport betting sites etc can serve anyone in the globe instantly.
Finally, there are two more big reasons.
‘Network effect’ – As more people sign up, the value of Ecoin rises more. The more valuable ecoin is, more people will sign up.
‘Endowment effect‘ – People value cryptos they hold much more than the ones they don’t. For crypto you hold, you will probably be worried about its price and will make sure the price keeps rising by supporting it in every way possible.
Why Ecoin growth is unstoppable
The distribution model of Ecoin is really unique. Before Ecoin, came along,
one person with more resources ( hardware or money ) etc would end up accumulating a ton of crypto creating huge concentration. With ecoin however, that’s simply impossible, the only way to acquire new currency is to invite others which distributes the currency far and wide.
This unique distribution model also gives ecoin its greatest advantage – the lowest cost per user acquisition in the crypto industry. Once Ecoin crosses 100 million users, it’s practically impossible to stop Ecoin’ growth.
Reach is the most important metric of a crypto’s value, the larger the network the more valuable the network is. As more people join the network, the value of ecoin rises higher and as the value of ecoin goes higher more people join, this becomes a powerful cycle that can grow to billion-plus users in very little time.
The different ways to earn Ecoin for free
Ecoin is given completely free of cost for everyone with an email. You earn 500 Ecoins (previously 750) when you sign up with a verified email and you earn additional 500 Ecoins (previously 750) when you refer someone with a verified email. There is no limit number of people you can refer. So the more you refer the more you earn.
Apart from referring others, you earn additional Ecoin by locking your ecoin in the savings account which gives interest monthly.
You can also accumulate more Ecoin by buying it from others.
Apart from these, there are additional surprise gifts when you refer more and more people. Their overall aim is to incentivize people to refer their friends and achieve real mass adoption.
Earning Ecoin is easy and fun and you can earn ecoins in 8 different ways.
- 500 Ecoins (previously 750) for signing up.
- 500 more Ecoins (previously 1000) for every friend ( email verified) you refer.
- 125 Ecoins (previously 188) more for singing up in the first hour of opening referral link.
- 125 Ecoins (previously 188) for everyone whom you refer in first 24 hours of your sign-up.
- 125 Ecoins (previously 188) for everyone whom your friend’s sign-up. ( i.e level 2)
- 10-15% Monthly staking rewards.
- 5000 ecoins to 10000 Ecoins for referring admins of top 100,000 domains.
- 60 Ecoins (previously 75) for every one who views your referral link and signs up later.
How interest rate in Ecoin works
In order to prevent people from dumping the free coins they get, they created ‘savings accounts’ which will give a strong incentive for people to hold the coins they get for free and not dump them on the market. By default 80% of all tokens earned for free are in a 1-month lock which gives you a 10%-15% interest every month depending on you level.
Additionally, accounts with 10,000-50,000, 50,000-100,000 , 100,000 or more coins earn 1%, 2%, and 3% additional monthly interest respectively.
Why invest in Ecoin?
- Ecoin is only the coin that is absolutely focused on mass adoption.
- Ecoin is building on EOS which is the fastest blockchain out there.
- For every one with a valid email, Ecoin are giving for free.
- They put in strong mechanisms to prevent price crash
- They are prepared to scale up to millions of users over night
- They are integrated with a Decentralised exchanged from day 1 so that everyone can buy these coins from their users and support ecoin ecosystem.
- They plan to have multiple partnerships as they would achieve the biggest user base in the crypto industry faster than anyone else.
All opinions expressed in the above article are solely of the author’s and do not reflect the opinion of the Global Crypto Alliance Ltd., any of its affiliations or any other company. This article is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. The Global Crypto Alliance Ltd. strongly recommends that readers conduct their own research and due diligence into the company, product or service, if any, that may be mentioned in the above content.