How to secure your crypto-currencies?
Consider an interesting project called ECOMI. What he really is?
ECOMI is, in fact, a global ecosystem, with many products that are interconnected. The fact is that with the advent of crypto-currencies, tokens and other attributes of technology blocking, the number of those wishing to illegally take possession of other people's assets is constantly growing. All anything, but the existing security system does not allow to guarantee the safety of users' funds on their wallets. And, the theft occurs hundreds of millions of dollars annually. The sum is impressive. So, ECOMI intend to contribute to the security of your digital assets.
System advantages
1. This will be the ALL in one product. It will allow you to store crypto, money, funds from your credit and debit cards under a reliable key in one place.
2. Each customer will receive a debit card and everyone will be able to spend crypto and Fiat on any purchases (where there is a possibility to pay through the system NFC and EMV).
3. Through the application it will be possible to exchange crypto assets for Fiat - easily and simply.
And this is only a small part of the advantages that the ECOMI service provides.
Security
So how did the project team decide to fix the security problem?
The team described quite strongly all the processes in its WhitePaper (the link to it will be below). For security, there will be special ciphers, patented systems for entering the private office. Also, there will be used all sorts of electronic patented developments, which no one else has (which increases the guarantee of keeping your funds safe).
In general, it will be a mix of already existing technologies and unique developments of the ECOMI team (which are patented).
Products
And so, according to the developers, will be released 5 products:
1. Protected wallet. It will be a hardware device (a physical purse) that will connect to your smartphone using wireless technologies. As I understand it, security will be ensured by the fact that the wallet will never connect to the Internet, because all transactions will be performed through the Android device in your smartphone. It looks something like this: you connected your wallet to your smartphone via Bluetooth - turned on the application - performed the operation. Plus, it will also be waterproof, which is also pretty cool.
So far it will be possible to store 5 crypto-currencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple. And at the end of 2018, the team plans to launch support for more than 30 crypto-currencies.
The team compared with existing competitors in the market. You can see what happened from this
2. ECOMI One. And this will be a global map, where you can store both crypto-currencies and fiat money. You can also bind your debit and credit cards and safely store your EUR and USD (and other currencies) in one place.
What else is very cool, is the ability to convert crypto currency into fiat directly through ECOMI One. That is, you can spend your crypto currency, as if you are using a regular card and spend your, for example, dollars.
3. The ECOMI application. That's it the application will be the central link of all the company's products. Over time, ECOMI plans to obtain a license to develop applications. This will allow each developer to build applications based on ECOMI.
4. ECOMI Vault. It will be a cloud disk, similar to Google Drive. In principle, the functional can be read in White Peper. I'd better describe to you what it will be different from the same Google service:
- Cold data encryption (in fact, stand-alone safe)
- Availability of decentralized servers (protect your data from hacking)
- Using biometrics technology (only you can get to the repository)
- Blocking (with which you can make a secure exchange of data)
5. ECOMI Collect. This product allows you to become the legal owner of some rare digital asset. It can be rare cards, symbols. As I understand it, the main idea of this product is to popularize licensed products on the market, ala, to fight "piracy".
All of the above creates a positive impression about the project. This is a really cool topic, but also difficult to implement. So will the team be able to realize what was planned? Let's evaluate the chances by analyzing the team :)
Team
David Yu - CEO
The guy is an experienced entrepreneur, the founder of various companies (Games R Us Ltd., Retail Management Group Ltd). For the CEO, the background in the business is very important, and this is a very good plus for the creator of this project.
Daniel Crothers - Co founder & COO
Daniel is also a cool entrepreneur, with the founder of a number of companies (HERB, Digitalus, ABC Stars). He sees the future behind the block. Just like the CEO, inspires confidence. And all because:
1. Knows what business is
2. Brings a piece of himself into the world of blockade
Mikel Duffy - Service Station
Has experience in developing services on the blockroom. Experience is there, and this is 50% success. For the background always decides :)
Joseph J-CIO & Co founder
Entrepreneur, with the founder of several companies (Bentley Babies, Movement Food). Good education * a number of proven skills * background in the business = pros.
Lucas Young - Developer
A person with vast experience in both development and business. He is the main developer and founder of a number of companies:
- Digitalus Ltd
- Webistry
- The Stoner's Cookbook
- LYDC Ltd
- DSLE Ltd
Just a bunch of proven skills, which you can read about in his LinkedIn profile.
You can read about the rest of the team here.
In general, the team left a pleasant impression. It is evident that not some guys who graduated from the university a month ago. And experience plays a huge role in achieving the final result.
Road map
ICO
So what's wrong with ICO? Let's look at the main points.
Pre-sales will go from March 15 to June 29.
The main sales are scheduled for June 30
The price of the token is 0.10 $
Structure of tokens
50% - will be sold in the context of a token
28% - will be retained for the development of the project
18% - reserve for the team, investors
2% bonus to advisors
2% bounty campaign
Distribution of tokens
65% - will go for product development
15% - marketing and business processes
15% - operating expenses
5% - legal expenses
Partners
A number of cool companies with a worldwide reputation: CoolBitX, RMG, Coinpayments, Tokidoki, Open Sea, Aotea, Everidge IP, TitanBlock, XLNT, Pixon Games, Livewire, Onstar, Juego Studios, Games R Us, Red Button Gaming, Vagabond
About the project
Website: https://www.ecomi.com/
Whitepaper: https://drive.google.com/file/d/1c8LZjH9MwkM48p9kBbw10t4S0fno_z3u/view
Author
Bitcointalk link - https://bitcointalk.org/index.php?action=profile;u=2007473
Bitcointalk name - ivan77777