E-Coin is a cryptocurrency that was launched by the ECN Coin network, which is a decentralized platform based on the proof-of-stake algorithm. This is an open-source platform, so any developer or tech-savvy user can visit Github to examine its code. The platform offers a cost-efficient and energy-efficient method of mining without employing expensive equipment.
The platform uses a peer-to-peer channel to connect traders and sellers to exchange virtual assets. The choice of a PoS algorithm was made to avoid complicated hardware mining and numerous problems of cryptocurrencies based on proof-of-work consensus.
The platform has also developed its E-Coin wallet where customers can store and manage their cryptocurrencies. Users get a desktop wallet, a mobile wallet, and a web wallet with unbeatable security developed by the in-house team. The wallet features several innovative features such as Stealth Addresses, Coin Control, and Anon Encrypted Messaging for enhanced security of users. Coinomi.com has added E-coin as a third-party multi-wallet on its page.
The open-source platform is operated by DAO (decentralized autonomous organization) so it doesn’t belong to any entity or a person. All E-coin holders can participate in its government and use their token holdings to vote for proposals of new cryptocurrencies traded in the community-driven facility. This is an absolutely decentralized cryptocurrency that enables storage and investment of funds not controlled by the government.
The developers of the resource have designed a user-friendly UI to make its customers entirely satisfied with their trading experience. A convenient GUI has made interaction with the system effortless. The platform is scalable and can serve an unlimited number of users no matter how many businesses, developers, and users join it.
The platform pays much attention to the education of its clients. A person with any level of knowledge in the cryptocurrency industry can join, take advantage of professional advice and educational courses from experts of the company to determine the future trading strategy and earn on it.
To join the reward program, users have to register first and then activate the account that can be done in two ways. They can either pay 10 USD to activate it or do the same by activation code. After the account is activated, customers get the opportunity to choose one of the packages offered on the platform. There are seven packages available for buying: Basic (from 100 to 1,000 USD), Custom (from 1,001 to 5,000 USD), Professional (from 5,001 to 10,000 USD), Enterprise (from 10,001 to 25,000 USD), Corporate (from 25,001 to 50,000 USD), Tycoon (from 50,001 to 100,000 USD), and Deluxe ((from 100,001 USD and higher) packages at the disposal of users depending upon the amount spent on the package.
The founders of the platform also try their best to make the ECN token an interest-bearing asset so that users could be interested in its purchase. At the time of writing, they offer 120% per year, which any member of the platform can get via PoS minting. To earn interest, the customers have to stake E-coin on the platform. There are different methods to earn for members of the community. Apart from PoS minting, users should just hold cryptocurrencies in their ECN-QT wallets.
The company arranged the ICO that took place in 2017. The fundraising continued for 34 days from February 8, 2017, to March 15, 2017.
The support of the platform offers its service round-the-clock. However, despite 24/7 availability, it can take 24 hours to get an answer from the support team. There is a ticket-based support system in the facility.
There is no information about the members of the team. However, the Twitter account of the company mentions that the platform was created by developers based in Australia. It’s also worthwhile mentioning the support of the platform by legal entities from diverse sectors of the economy including e-commerce, warehousing, cleaning, building, industrial, and more.