EcoEarthCoin is a platform that allows users to invest in real estate. The use of Blockchain technology and smart contracts will unite cryptocurrency investors, property owners and trade organizations. There will also be a loyalty program, in which users will be able to receive rewards for activity on the platform.
Business Model Overview EcoEarthCoin (ECOEC)
1. The validity of income
The project will receive income from the construction of neighborhoods called "Ecoposelok" in various countries. At the first stage of the project, construction of micro-districts of the Eco-Village is planned in 170 cities of Russia. At the second stage of the project, micro-districts will appear in 627 cities of Europe and 723 cities of Asia. At the third stage of the project it is planned to create eco-villages in the cities of North and South America and Africa. On average, about 300 houses will be located in each of the "Ecoposelok" districts. Also, the owners of ECOEC tokens will have the opportunity to become owners of land plots (houses) in the micro-districts of the Eco-Village in any country of the world where the project will be implemented. The project has 3 scenarios for the development of the platform, namely: “Pessimistic”, “Average optimistic”, “Optimistic”. In the “Optimistic” scenario, after the first 4 years of the project’s operation, there will be 8,000,000 people on the platform.
2. Number of currencies accepted
The project accepts 1 liquid currency, namely: ETH.
3. Token emission
In the project there is a limited number of tokens. A total of 50,000,000 ECOEC tokens will be released.
4. Discount on the purchase of tokens
Discount on the purchase of tokens can be up to 90% depending on the time and number of tokens purchased.
In the flow chart provided, the project objectives are indicated until June 2023 (p. 18 White Paper). The distribution of tokens will be as follows: 60% - “Conducting ICO”, 16% - “Bounty Program”, 12% - “Project Development Fund”, 8% - “Project Team”, 4% - “Pre-sale” ( p. 13 White Paper).
6. SOFT CAP / HARD CAP Ratio
The project has a bad SOFT CAP / HARD CAP ratio, which negatively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 14,760,000 and $ 738,000,000, respectively (p. 14 White Paper).
7. MVP availability
The project has developed MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token-holders.