The ECM coin whitepaper V.0.1 is newly published on a popular Crypto & ICO launchpad MyCoinPoll, on September 24, 2024, introduces eCommerce Coin (ECM), a blockchain based project aimed at rebuilding the digital commerce industry.
As the e-commerce industry is expected to reach $60.62 trillion by 2034, eCommerce Coin (ECM) emerges with a strategy to revolutionize this booming market using blockchain technology.
ECM uses the power of blockchain to solve those core issues — fraud, cross-border payments inefficiency, and transparency.
In its recently published ECM Whitepaper Version 0.1, ECM has presented a roadmap that details how it will transition from an ERC-20 token on the Ethereum Network to becoming an independent blockchain by 2025, delivering anything from decorative transparency and efficiency on top of blockchains right till genuine security first ecosystem.
Top E-commerce Challenges Solved With Blockchain
While the e-commerce industry has been booming, there are still bubbles that impede the room for growth ahead:
Combating Fraud: Smart contracts would enable ECM Token to cut down on fraud by ensuring that transactions only go through if certain conditions are performed.
Payment Simplification: With ECM Token, the cross-border payment processing is faster and cheaper than ever before using traditional processes.
Transparency: The decentralized platform of ECM will provide the transactions with a traceable background, increasing trust and lessening disputes between buyers and sellers.
Key Utilities of ECM Token
The multi-platform functionality of the ECM Token makes it a tool of exchange and strengthens its position as an exchange medium in the entire ecosystem. Key utilities include:
- Use Case: ECM Tokens can be utilized on all platforms of ECM, including their CEX, staking and multi-trading platforms.
- Voting Rights: Holders of ECM Token receive voting rights about future developments, so that the community can make sure that emotions drive its course.
- Staking Opportunity: It is also possible for ECM & other cryptocurrency holders to stake their tokens on platforms such as Cryptocoinearning.Com, which serves to secure the network as well as reward participants.
- Transaction Fees: ECM Token holders are entitled to a discount of that transaction fee — directly aligning tokens with use of the ECM-operated platforms.
ECM Token: An In-depth Overview
Currently, ECM Token is an ERC-20 token running on Ethereum, but during 2025 it will migrate to its own blockchain. Below are some of its features:
- Token Name: eCommerce Coin (ECM)
- Blockchain: Ethereum (ERC-20 standard)
- Total Supply: 200,000,000 ECM
- Initial Circulating Supply: 50,000,000 ECM
- Token Burn: ECM will burn off its 50% or 100,000,000 tokens to increase its scarcity and drive higher demand.
- Token ICO Price: 0.0004 ETH (Per ECM – Currently Running)
ECM token has wide use in its utility, such as a means of payment on ECM platforms, governance rights for token holders, and staking rewards. Holders of ECM also enjoy discounted fees on exchange and trading platforms powered by ECM.
ECM Tokenomics and Utility
ECM has a limited supply of 200 million tokens and a deflation mechanism to promote scarcity and value. The first half of the supply will go for burning, and 100 Million ECM tokens have been prepared to create an ecosystem. Token allocation includes:
- 50% for the pre-sale and ICO
- 40% for the founding team
- 10% for angel investors
This allocation is indicative of a strategy geared towards long-term value creation and ecosystem sustainability.
Beyond a digital asset and collateral, ECM Tokens unlock multiple utilities in the ECM ecosystems.
ECM serves a payment method for token holders to access various use cases, stake their tokens and receive rewards, as well as avail discounts on transaction fees on ECM operated platforms. Governance rights give the right to holders for finding their influence on ECM future, and will create an user-centered ecosystem in which investors can share their voice when development decisions are being made.
The ECM Ecosystem
ECM is not just a token. ECM is developing a complete ecosystem for its users to cross-play blockchain adoption and the e-commerce industry.
MyCoinPoll (LaunchPad)
It is one of the dedicated launchpads for new blockchain projects, a space where developers can use to connect with the ECM community and raise funds in the form of Initial Coin Offerings (ICO) and Initial Token Offerings (ITO).
BcoinMart (Centralized Exchange)
ECM has also released its centralized cryptocurrency exchange called bCoinMart, which allows users to trade ECM Tokens with other digital assets. Liquidity providers gain transaction fee discounts and this enhances token utility on the platform. Just like BNB is the native token of Binance Exchange, ECM is the native token of BcoinMart Exchange.
Markets Terminal (Forex Broker)
An all-in-one, multi-trading platform for forex, stocks and cryptocurrencies with ECM Token as its base currency. This expands the scope of ECM beyond e-commerce and simply provides users with an in-depth trading solution for different financial markets. User will also get certain amount of bonus, if they deposit ECM token for trading on this terminal.
CryptoCoinEarning (Staking Platform)
A platform to reward the holders of ECM, stake it and secure the network for long term incentives.
Androverse – ECM Meta World (Metaverse Platform)
ECM has forayed into the metaverse which is called the Androverse where users can purchase a virtual land and be able to interact with it. This digital real estate market integrates ECM Tokens, expanding the token’s use into virtual experiences.
The Team Behind ECM
The whitepaper highlights a number of key dev partners who are building the foundations for ECM (things like):
- Bigbull Capital LLC – ECM Ecosystem’s Strategic Managers based in St. Vincent and the Grenadines.
- Al Wadyat Financing Broker – A dedicated angel investor offering essential financial support, who provides critical instant funds.
- Meta Fusion Labs LLC – The blockchain development team responsible for smart contracts and architecture.
- ChainX Innovations – Smart contract experts that come with a lot of security and scalability.
- Block Verse Solutions – A full-stack team integrating ECM’s blockchain with its exchange and trading platforms.
Such partnerships highlight ECM’s dedication to strong, secure development as it approaches the launch of its own blockchain.
ECM Blockchain Launch in 2025: Building Infrastructure for Security and Transparency
This includes one of the most ambitious plans for ECM Token, the ECM Blockchain by 2025. Designed specifically for the e-commerce landscape, this blockchain will target implementation of smart contracts, DApps and other E-commerce tools to help reinforce transparency and secure commerce through decentralization.
ECM hopes that by building out its infrastructure, it can create a blockchain-based ecosystem for e-commerce processes including payment dispute resolution, fraud prevention and real-time transaction tracking, among others.
ECM ICO and Fundraising
The current value of 1 ECM token in ICO is 0.0004 ETH.
Money accumulated throughout the ICO will be allocated for the purposes of developing ECM’s dedicated blockchain, continue expanding partnership solutions and sales opportunities to keep promoting ecosystem growth.
ICO offers initial backers several benefits like fee discounts, staking bonuses, and voting rights. This is a chance to get behind a project combining blockchain with e-commerce.
ECM’s Futurestic Vision
Initiated in 2020 but officially launched in 2022, ECM starts as an ERC-20 token on the Ethereum Blockchain but has greater plans.
ECM plans to offer its own blockchain by 2025 to develop the necessary framework for an e-commerce-centric decentralized ecosystem. While this transition may seem simple, it reinforces ECM’s vision to be more than just a token, but rather an all-encompassing ecosystem including payment solutions, Centralized Exchange (bCoinMart), Staking platform (CryptoCoinEarning) and its very unique game-mixed metaverse, the Androverse.
ECM’s four-year plan looks forward to the construction of a native blockchain, multiple crypto platforms and DApps geared for e-commerce purposes up until 2028.
Why Choose ECM?
ECM token is here to revolutionize e-commerce with its blockchain technology to improve, secure and enrich online transactions. Helping us with our ICO is not just an investment — it is an opportunity to help address the challenges faced by e-commerce today!
But ECM is not merely an ERC-20 token, it is a whole lot more. It is a full-scale ecosystem that spans all sectors related to crypto; centralized exchange, multi-trading terminal, staking platform, advanced metaverse platform and an eagerly awaited top-tier ICO launchpad.
ECM is the native currency for all these mentioned platforms. So, why not choose ECM?
Why should you take a part in the ECM Token ICO?
Be Part of the Future of E-Commerce
Buying ECM Tokens means supporting a system that makes online shopping safer and faster. ECM Token aims to improve online payments, reduce fraud, and make it easier to do business across borders.
Early Adopter Benefits
As an early supporter, you’ll get perks like lower transaction fees, rewards for staking (holding) your tokens, and voting rights to influence ECM’s future projects and improvements.
High Growth Potential
The global e-commerce market is growing fast, with expectations to reach $60.62 trillion by 2034. ECM Token is positioned to thrive in this growing market, offering a chance for your investment to increase in value as we expand.
Scarcity and Value Increase
We plan to “burn” (permanently remove) up to 100 million tokens to create scarcity, which could drive up demand and increase token value over time.
Real-World Uses and Ecosystem
Your investment supports exciting projects in the ECM ecosystem, including:
- Androverse: A virtual real estate world based on blockchain.
- bCoinMart: A secure cryptocurrency exchange.
- MarketsTerminal: A trading platform for various assets.
Each project adds value and increases demand for ECM Tokens.
Support Decentralization and Transparency
ECM Token promotes a more transparent and decentralized e-commerce industry. Blockchain technology allows for trustworthy transactions, creating a safer, more efficient marketplace.
ECM Coin Whitepaper Summary
In addition, the ECM Whitepaper Version 0.1 provides a sneak preview of ECM’s development phase and potential pathway to revolutionizing e-commerce via blockchain technology. ECM Token can be seen as a portal to a more efficient, transparent, and secure e-commerce future, with its roadmap extending all the way through 2028.
Investors participating in the ICO of ECM are not only contributing to a cryptocurrency project but also investing in what could be an e-commerce solution that leverages blockchain technology. ECM Token is not just a digital asset but also a vision of the future of commerce, an industry that is projected to grow to USD 60.62 trillion by 2034.
