OecoSystema provides a marketplace for the exchange of goods and services for low-income people. A fairly distributed ECOS utility token for payment overcomes the lack of money in the economies of the poor. Users cooperate on a local level to save money, share value and create a stronger community with improved quality of life.
OecoSystema enables both smartphone transactions through the app's wallet, as well as SMS transactions with cellphones. The technology is simplified, so users do not need to understand the underlying cryptography. With approximately 50% of people in developing countries having a cellphone, the potential user base of OecoSystema is greatly expanded by enabling SMS transactions. Smartphone users post offers, communicate and conduct transactions through an Android application.
The cheapest smartphones are currently priced at around $20. In India for example, a railway porter who earns $8 a day can buy a low-end smartphone and use WiFi for free at work or a restricted data plan at home. Cell phone users can join the network through a network of local agents and conduct their transactions with SMS messages. The local agents process cellphone user identification and registration. A local agent can earn money selling the TX transaction token required for the SMS transactions as well as the 2.5 ECOS per user, while educating and supporting users. Local agents purchase the TX token for $0.025 from OecoSystema with BTC/ETH and sell TX to users for $0.05 in cash (local currency). The local agent application has localbitcoins.com and localethereum.com built in, so the network supports the BTC/ETH ecosystems also.
Physical village markets can be organized for the exchange of goods and services where the local agent acts as an organizer. Offers can be posted on to a chalk board or in a community center. This is similar to Alfred Sirleaf publishing his local Daily Talk news on the streets in Liberia, where people cannot afford to buy a newspaper. See video: https://www.youtube.com/watch?v=Nxwv_MBp1pI
Marketplace application has a cost of 1 ECOS per month (each user receives 50 ECOS upon registration)The sending and receiving of transactions remains free of charge at all times and does not require a subscription to the marketplace applicationSMS transactions have a cost of $0.05 per transaction for the end userToken balances are displayed with 2 decimals, similar to the fiat money in use: 50.00 ECOS
There are three token in OecoSystema:
OECO Finance Token
ECOS Utility Token
TX Transaction Token
OecoSystema runs on a private Ethereum network (Quorum) with RAFT consensus protocol.
Identification and wallet backup through 3D facial identification. Wallets can be restored with facial identification only. Additional security for transactions through password or PIN protection.
SMS transactions are written directly on to the ledger in the Quorum nodes.
A scaling solution is provided through Loom's Plasma Cash sidechain, processing 10,000 transactions per second and upwards.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.