OecoSystema

OecoSystema

Created using Figma
Created using Figma
Marketplace for goods and services for low-income people in developing and developed countries. A fairly distributed utility token for payment overcomes the lack of money in the economies of the poor. Each user receives 50 ECOS tokens for payment in the marketplace. ECOS is backed up by the value of goods and services in the marketplace. OecoSystema enables both online wallet transactions with smartphones as well as SMS transactions with cell phones. Cell phone users are registered through a network of local agents. There are three tokens in OecoSystema: OECO Finance Token (Development) / ECOS Utility Token (Marketplace) / TX Transaction Token (SMS).
Pre Sale
Dec 3, 2018
Dec 31, 2018
100% completed
Raised funds - no Data
Goal 20 000.00 USD
past
  • 1 ECOS
    =
    0.2 USD
Token Details
Ticker
ECOS
Accepted Currencies
ETH
Company Details
Registered Country
Finland
Additional Details
Categories
Platform

About OecoSystema

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

Features

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 application
SMS transactions have a cost of $0.05 per transaction for the end user
Token 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

  • ERC20 token on Ethereum Mainnet: https://etherscan.io/token/0xd111d90e8ac1989c7af2e30018a367305924d130
  • Max supply: 1,000,000 / Initial supply: 1,000,000
  • Each OECO token receives 0.0000025 ECOS per new user


ECOS Utility Token

  • Network: Private Ethereum Network / Quorum
  • Max supply: 55 x amount of users / Initial supply: 0
  • Each user receives 50 ECOS upon joining the network / 
    2.5 ECOS are rewarded for friend referral / 2.5 ECOS are rewarded to OECO holders
  • The value of ECOS is backed by the goods and services offered by its users.


TX Transaction Token

  • Network: Private Ethereum Network / Quorum
  • Max supply: amount of SMS transactions / Initial supply: 0
  • TX is minted as local agents purchase it for ETH/Bitcoin. 
    When a user sends an SMS transaction, the TX returns to OecoSystema and is burnt.
  • SMS transactions have a cost of $0.05 (1 TX). Local agents purchase TX for a price of $0.025
    and sell them to users for $0.05.

Technical Info

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.

OecoSystema runs on a private Ethereum network (Quorum) with RAFT consensus protocol.

OecoSystema Roadmap

  • Q1 2019

  • - Beta version marketplace app, wallet, facial identification
    - Smart contracts
    - SMS platform test

Activity

Activity:
5
VERY LOW
Posts:
4
VERY LOW
Views:
199
VERY LOW
Posts:
14
VERY LOW
Followers:
93
VERY LOW
Likes:
93
VERY LOW
Followers:
20
VERY LOW
Tweets:
18
VERY LOW
Fake Users Detected:
4%
30 Days Growth:

OecoSystema Team

Verified 100%

Tom Snellman
Founder
verified

OecoSystema Interviews

Tom Snellman
As a team member, сan you tell us about your role in the ICO project?
I am the founder of oecosystema.com.

My role is to develop the idea and take the project off the ground. Later on there will be a partnership with an existing organization or a new team that ensures business continuity independent of my person.
What do you think about idea?
oecosystema brings a money surrogate to areas where there is not enough money in circulation. SMS transactions and the local agent network open up cryptocurrency to completely new regions, while strengthening the Bitcoin and Ethereum ecosystems.

OecoSystema Last News

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