The ECRED ICO has already launched. It started on March 5, 2018, and will end on 31 March 2018. During the ICO, ERC Coins are going to be sold for 25 days. Two million ERC coins will be sold in every round according to the set schedule.
What Is ECRED?
ECRED is a self-managing financial system, which started in 2017. Developers envision ECRED as cash for a connected world. It is secure, private, fast, and written with open source. It allows anyone to take part in the development of the ECRED network. Security and privacy come naturally when you use ECRED, thanks to blockchain technology. This is a great solution for those that want to keep their finances private.
The Currency Trade Market
ECRED lets users connect to various fiat currencies with ease. This is because they offer a trading market for fiat. All users of the ECRED platform will have the ability to trade over 30 fiat currencies. Besides that, they will be able to withdraw their funds in a local bank. Thus, it serves as a settlement house for everyone, making ECRED cash at hand.
The ECRED platform offers a global electronic e-commerce marketplace where anyone from around the world can buy and sell various products without involving a third party. Besides that, the payment processing is easy and will be done via the ERC coin. As a result, it will help to get rid of all trade restrictions. On this platform, there is no restriction on how much you can trade.
Smart Contract Technology
With borderless trading, the creators of ECRED saw it necessary to sign contracts that can be used as evidence during trades. The ECRED blockchain will come with smart contracts that allow parties to have evidence. These contracts can be verified by anyone from around the world. Contents of the contract will be shown in the blockchain with a unique hash attached. This will make it possible for anyone who has the hash to verify the contract.
- True data protection and anonymity
- Untraceable payments because of the use of the ring signature
- Transactions that are unlinkable made possible by random data by senders
- Resistance to blockchain analysis
ECR and ECRT will be used for lending when the platform is launched for the benefits of lending. This option will entail profiting from the ECRED trading bot and the accompanying volatility software. With this bot, you will be able to receive daily profits based on the investment plan that you will choose.
On completion of the lending terms, the CAPITAL BACK option will activate. Optionally, the investor can reinvest the daily interest. It is worth noting that there is no daily interest guarantee. The maximum rate a user can earn is 30% a month and a 0.05% rate daily.
The ECRED mobile or desktop wallet will allow users to receive their ERC, store them, and then send them to other users. You can also stake your ECRED directly and earn block rewards.