What is the eCoin Project
We are a group of crypto-enthusiasts working toward the creation of a new cryptocurrency called the eCoin-eShares Cryptocurrency System (a.k.a. the eCoin System, or eCoin for short).
We Bitcoin and all cryptos. Even more, we love the potential that cryptos have to offer in providing an alternative to the weaknesses of fiat currency and the current state of our monetary, banking, and financial system. However, there is a problem.
Bitcoin and cryptos have fundamental weaknesses:
- high price volatility
- lack of transactional privacy
- failure to have proper governance
These weaknesses greatly hinder the use, value, utility, and sustainability of Bitcoin and cryptos. Unless a new crypto provides a solution to these problems, we will never have a true alternative to fiat currency and our current banking system. Our goal is to develop the eCoin System as that solution.
Freedom from Fiat
Unique price pegging system enables eCoin to maintain purchasing power better than fiat.
Fixed to Electricity
Elastic supply model and internal exchange market ensures eCoin's value remains pegged to the price of 1kWh electricity.
All eCoin transactions are uniquely encrypted on the blockchain end-to-end maximizing privacy.
3rd Party Verification
Enable third parties to independently verify transactions without losing overall privacy through unique transaction token IDs.
eShares stakeholders control the overall fate of the system, not the developers or miners.
eShares holders internally vote on the blockchain for any system changes and choose the Board of the eShares Foundation.