The new platform with the EKO token is a system designed to help verify the educational skill level of individuals and their generalized notary service on blockchain technology. And not only that, but to accelerate the development and deployment of data driven applications on the blockchain.
It’s in early development, but you can sign up for the system on EchoLink’s official launch through the website/dAPP that is integrated for testing and has been used since the 22nd of March 2018.
The token name is: EchoLink, the symbol for the token is EKO. And it is currently being traded on Huobi and HitBTC. Apparently, the founder of the app has also been recently accepted into the Forbes Technology Council.
What Is Echolink?
EchoLink is a decentralized platform that is based on the blockchain technology. And its used to provide excellent educational services and exceptionally skilled people to help teach and train with hands-on information. They are using the blockchain technology’s powerful and uniquely immutable nature as well as time stamp functionality to achieve new breakthroughs, not seen before.
EchoLink is now providing users with trusted information that is directly related to a job candidate’s education, skill and work experience. The system is also useful for other industries like those around finances, banking and business. Even generalized notary services are also going to benefit from the platform. EchoLink is also building a very high trust economy through innovations brought out by the blockchain technology and cryptocurrency.
There are several benefits as to why you would want to use the platform. For one, it’s completely immutable and any information that is entered into EchoLink is done so by institutions directly. Whether it be educational, training, or a different type of third party, EchoLink is full of information that cannot be tampered with and is only inputted by the wisest minds.
The platform is also operational on an international level, with a global system to standardize the system and store data as well as verify information, experience and everything else through the blockchain technology. EchoLink is built on layers and layers of the blockchain technology. And that is one of the aspects that makes it so unique.
Another benefit of using EchoLink is that it’s built on top of blockchain technology. And the data that is contained within the EchoLink project is directly placed by institutions that have the authority to do so. And this in turn, is what is used to make sure the information and system are kept completely authentic.
About Echolink ICO
No ICO has been released for the platform, as of now it’s not known if one will even be announced. But the system is still in forward progression and it’s likely that at some point soon, there will be an announcement of an ICO for investors looking to get in with the company.
Apparently, EchoLink TGE has successfully concluded already. And the hard target was reached. The EKO token is soon to be listed on numerous cryptocurrency exchanges around the net.
Who Is Behind Echolink?
No information has been given as to who is on the team building the platform. They have not disclosed information on the founders/co-founders or the developers either. Even the company headquarters is still being hidden to the public. This is actually a very bad sign, as new startups should always operate with total honesty and transparency. Without that, the trust needed to take a company off the ground can’t be cultivated. Until EchoLink releases this information, they’re going to be labeled as a company that is too risky to invest into.
Echolink In Conclusion
EchoLink is one of the newest companies on the internet to create their own token. They are making some big promises, but without knowledge about the team, founders or company’s physical location – they are a dangerous company to invest with. I suggest watching them, waiting and seeing what they tell us about who they are. Only then can you make an honest judgement about who EchoLink is and if they are a team you want to work with.