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What is cryptocurrency ?
Cryptocurrency is a currency powered by Blockchain and protected by the power of advanced ‘Cryptography’ which ensures that you don’t need a central authority to protect the value and authenticity of a payment system.
Unlike traditional payments like Dollar, rupee , pound or naira which need banks to transfer payments, cryptocurrencies rely on “blockchain and internet” to power them.
Even though Cryptocurrencies do not need banks to run them , the payments on crypto are in fact more secure than traditional payment systems like banks (which suffer from glitches occasionally) owing to the power of blockchain.
The main super power of Cryptocurrency is its ability to work seamlessly across different borders just like the internet with almost no regulation possible by governments,
TThis means for the first time in the history of mankind , Money can be transmitted for very long distances for near zero cost without any hassles.
Bitcoin started 10 years back and has risen to over 200 billion in value , experts predict in next 10 years crypto will reach a value of over 2 trillion which arguably will be the ‘Crypto gold rush’ you don’t want to miss.
Potential of Crypto !
The invention of blockchain based cryptocurrency is one of the greatest technological leaps in human history. Unfortunately crypto adoption is very low ( less than 0.1%), the reason is simple, so far crypto could only be acquired through Mining or through ICO, both of which need high technical knowledge and investment which average users shy away from.
Ecoin’s super simple onboarding with an incentive in the form airdrop creates motivation for average users to sign up and refer their friends
One thing is very clear, Airdrops are the only path for mass adoption
Would facebook acquire billions of users if they asked to pay to sign up?
Every payment network like Paypal, Paytm etc spent billions of dollars for attracting initial 100 million users, however the initial users didn't get a share of their massive success.
That changes with Ecoin, everyone who participates in the initial success of Ecoin gets rewarded handsomely as the amount of Ecoin airdrop given keeps decreasing with more people joining and with increasing prices.
Airdrop to the rescue
Fixing the crypto currency adoption problem starts with making ‘acquiring and earning cryptocurrency’ easy enough for the average person to participate in crypto.
The problems with the current airdrops however is that they expect you to
Produce strict KYC documents like Passport, Driving license etc...
Share or like multiple social media handles
Expect you to wait a few days for you to receive your airdrop bounty
Limit the numbers of user participation to first 10,000 users or 25,000 users.
Simplicity is our super power
Ecoin believes in KISS ‘Keep It Simple Stupid’
With Ecoins’ airdrop however users can claim their airdrop by simply signing up with email which means
No KYC documents like passports etc to be shared with us
No social media profiles to be liked of shared
No waiting for getting your airdrop as its instant
No limit on user participation as we want to onboard billion users
Ecoin is able to achieve this by using our cutting edge
AI-driven identity engine which ensures one person can only use one email
to claim our airdrop and stop fraudsters who create multiple emails to claim this airdrop.
Different ways to Earn Ecoin
The many Ways to Earn Ecoin!
The goal of Ecoin is to reach as many people as possible so that the value of Ecoin grows higher and higher due to the network effect. To achieve this, we need to ensure that Ecoin is incredibly easy and trustworthy.
Earning Ecoin is easy and fun and you can earn more Ecoins in many ways.
You earn 1000 coins when you sign up with a verified email and you earn additional 1000 coins when you refer someone with a verified email. There is no limit of the number of people you can refer. So the more you refer the more you earn. There are few more ways to earn through surprise gifts, staking benefits etc.
Overall we aim to incentivise people to refer their friends and popular sites to achieve real mass adoption quickly.
The power of Network effect
As more people sign up, the value of Ecoin rises more. The more valuable an Ecoin is, more people will sign up.
As more people sign-up more businesses will accept Ecoin, as more businesses accept Ecoin, more people will hold ecoin and store their wealth in it
More the Merrier ! Everyone’s welcome
A powerful currency network needs a large number of participants, so the more you refer the more you earn and the more value it gets!
Easy way to support Ecoin !
The best way for you to support ecoin movement is by getting more Ecoin, either by referring all your friends or by buying it from others.
Here are a few tips to gain a ton referrals without a lot of work:
Import your google contacts and email them : this is incredibly easy and powerful
After you receive your referral link, share across whatsapp, facebook and twitter.
You can post ecoin messages in all different groups you are part of.
Last but not least, make a habit of signing up at least 2-3 people a day
If you can't refer others , buying Ecoin from others is an incredibly powerful way to support Ecoin
Every 1000 Ecoin you buy will motivate at least 10 more people to join Ecoin !
What gives value to ECoin ?
This is arguably the ‘Billion’ dollar’ question.
The answer is 'YOU' - yes it's you, your friends and their friends and eventually billions of users
It's the network of users that gives value to any payment network, so as we 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 or phone number 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 an Ecoin is, more people will sign up. More people sign-up more businesses will accept Ecoin, as more businesses accept Ecoin, more people will hold ecoin and store their wealth in it
‘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 is Ecoin unstoppable ?
Ecoin is the only crypto currency that crossed 3 million users in just 3 months owing to the fact that it's extremely easy for average users to sign-up and earn their first ecoin.
Ecoin also built in powerful incentive mechanisms that allow people to refer their friends and earn more Ecoin
When more and more realise the potential of cryptocurrency and power of Ecoin’s community, people will realise the potential of ecoin and no-time Ecoin will truly go viral on Social media.
Once Ecoin crosses 100 million users, it’s practically impossible to stop Ecoin’ growth
The distribution model of Ecoin is really 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. While coins like Stellar spend approximately $40 for acquiring one user, ecoin can do it at $0.5 or less, which implies ecoin distribution model is at least 80 times more powerful.
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.
What is the reason for creating Ecoin when there are many alternatives out there ?
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.
The biggest reasons for lack of adoption are these
expecting people to pay for something they don’t understand or trust is ‘impractical, hence ecoin aims to give its tokens free of cost for everyone with a valid email.
We make using your first cryptocurrency extremely easy which is very important for mass adoption.
So far all cryptos expect users to either mine with expensive hardware ( like bitcoin) or buy ( like in ICOs) - all of which create huge barriers for adoption.
Ecoin aims to remove these barriers and make cryptocurrency available to everyone with an email which will truly unleash the true potential of cryptocurrency.
Can cryptocurrency stop the war forever ?
Stefan Molyneux at TNW Conference [VOSTFR]
Ecoin’s strategy is a revolution in terms of cryptocurrency mass adoption and one thing is 100% certain.
Crypto Mass adoption Will be either be achieved by Ecoin or another crypto that adopts Ecoin’s strategy.