LBank AMA Recap with ECO
i am the CSO of ECO DeFi item, my name is cho haemyung. ECO DeFi is the lending DeFi item Based on offline environmental protection projects. This project is desinged by the Korea team. Finished
First five AMA Questions (First Part):
Question1.What does the $ECO name stand for? There are interesting stories behind every successful project, and of course, you have to work hard every day. Can you share one of these interesting stories with us?
ECOP token is the abbreviation of eco platform token. We are committed to environmental improvement projects to support offline environmental improvement projects through the defi financing platform. We will conduct extensive cooperation with companies related to carbon-neutral projects, and we will continue to launch specific offline projects in November this year.
Question 2. What technology is used in this project and what is the total supply of tokens in the marketplace?
We are building an Eco DeFi platform on the Binance Chain. We will continue to work with Binance and hopefully with other services or projects on the Binance Chain.
There are two types of tokens that Eco Global will issue. Eco DeFi’s ECOP (BEP-20) token is issued using the Binance Smart Chain. ECOP (ERC-20) will also be issued. Users can purchase NFT tokens of renewable energy with ECOP (ERC-20).
The total circulation for both will be 100M; 51M ECOP (BEP-20) and 49M (ERC-20)
Question3.What is the biggest challenge you face currently in terms of becoming a successful project or company?
The biggest challenge for us now is how to clear the online blockchain technology to solve offline problems. This will be a huge challenge for defi to go online and offline. This is our goal now.
Question4.How efficient and secured is your smart contract, and did you ever audit it via any external party?
Our smart contract was coded by a team of experts in blockchain development. All codes are uploaded to our Github. The security audit will be done by a well-known third-party company in the US. We expect it to complete by mid-December this year.
Question5.What plans do you have for new members into the world of cryptocurrency?
As you may well know, DeFi is one of the most talked-about topics in the industry. However, almost every service focuses on financial products. Eco DeFi is different. In addition to the decentralized financial products, we will offer products tied with real-life business and industry, especially the renewable energy sector. For the DeFi product connected with these industries, users will receive higher interests and rewards. We have now joined two renewable energy companies. We will aggressively expand the partnership to help not only our Eco DeFi platform but their businesses financially.
Five Questions with Answers from the Telegram community (Second Part):
Do you have a whitepaper if yes please share it with us and secondly do you have plans for pre-sale? Where can we join it?
AUDIT plays an IMPORTANT role in enhancing the stability of any PROJECT. Do you have AUDIT CERTIFICATES? Or are you working to AUDIT your project to make it more secure and reliable?
We have signed a contract with a well-known American auditing company and are conducting an audit. You will see our audit report in December this year.
Currently, most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?
Our ERC-20 tokens will be used for NFT purchases of our environmental protection projects, and we will repurchase our tokens according to the operation of our offline environmental protection projects. And our BEP-20 token will exist as the governance of the lending platform.
Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?
Please visit our website, you can see the introduction of our members. Members include Korean talents in the environmental protection industry, blockchain development, and financial services.www.eco-global.io
Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits?
you can buy the ERC-20 token on the lbank exchange , and you can buy the bep20 token on pancake, we will pubulish our bridge that is used for transferring the bep 20 to erc 20token. and the bep 20token contranct:0x96a16178edaff58736567cfcaff570c06617f0fd