ABOUT ECOMI
The ECOMI platform is an App that allows you to easily access all the features the platform can provide, services and products available. ECOMI aims to bring blockchain technology to the mainstream by offering a user-friendly all-in-one platform, in order to tackling the issues of security and data protection (namely private keys) in the cryptosphere.
ECOMI, you can found online at https://www.ecomi.com/, also wants to make cryptocurrencies more user-friendly and increase their efficiency when being used by different entities. In order to do this the company is creating a digital assets ecosystem on the blockchain, delivering the benefits of decentralization, ownership, privacy and control.
The company has ensured and designed the app in a manner it will be a cross-platform application accessible either on your smartphone, desktop and some of the selected browsers as an extension. On top of this Ecomi is expected to release about four products into their ecosystem, and this will be across a number of areas.
Some of the products include storage, ownership, protection spending and the most important your privacy. For some companies, they might think launch four products at once to be ambitious, but Ecomi is in a position to streamline the development process, this is by leveraging on the existing technologies and also getting on numerous partnerships.
ECOMI Platform products consist of:
- The Secure Wallet: A cryptocurrency and private key hardware device that ensures the protection of digital assets via a convenient credit card sized device. Designed to be completely impenetrable by malicious attacks, the Secure Wallet’s infrastructure ensures that it is never connected directly to the Internet, or insecurely connected to an online device, thus maintaining the most secure asset protection. The Secure Wallet is paired with a host device (an Apple or Android smartphone) via an encrypted wireless / Bluetooth connection. Another feature that makes the wallet stand out is that it’s waterproof and has a bend capability of 15 degrees. The Secure Wallet will launch with the capacity to securely store five cryptocurrencies – Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and very soon it will offer ERC20 support. By the end of 2018 the Secure Wallet will support over 30 currencies.
- ECOMI One: Built on top of the Secure Wallet technology, ECOMI One will securely hold your cryptocurrencies, fiat currencies (e.g. USD, GBP, EUR), as well as your NFC-enabled debit, credit, and loyalty cards. ECOMI One addresses the utility problem of cryptocurrencies and their day to day usability by offering a consolidated all-in-one wallet with the capability to hold all the aforementioned assets in ‘One’ place. With the integrated debit card – accepted where all major debit cards are accepted – ECOMI One card holders can spend fiat and cryptocurrencies, using technologies such as NFC and EMV. The in-wallet exchange allows cryptocurrencies to be exchanged for fiat currencies, either directly within the app or automatically at the point of sale.
- ECOMI Collect: ECOMI Collect will offer a new type of collectable in the form of a ‘Non Fungible Token’ (NFT) – essentially a digital asset that has a verified owner. These NFT’s represent unique collectable items (such as rare cards or characters) that exist in the digital space and can be traced to a verified owner. In an easy to use and well-designed app users can browse a wide range of licensed digital high-quality products. Once they are purchased, collectable owners can view, trade, or visualise these digital collectables using the latest Augmented Reality (AR) technologies, which now are standard in Apple and Samsung phones. ECOMI has secured the first crypto-collectable license – the internationally renowned brand tokidoki.
- ECOMI Vault: ECOMI Vault protects your data. This can include, but is not limited to, all forms of intellectual property, for example a piece of music, literature, or specifications of revolutionary new technology, as well as personal data such as usernames, passwords and also credit cards. Using a combination of distributed ledger technology and offline private key storage (Secure Wallet or ECOMI One), ECOMI Vault offers a maximum level of protection for personal and commercial data. ECOMI Vault is a software-as-a-service (SAAS) solution. Users can upload files to their Vault, create folders, and organise their data. To keep data organised, there are specific sections for different types of data such as passwords, credit cards, files etc. within the Vault. When data is added to ECOMI Vault, each file gets a verified, timestamped record of all activity that takes place within said file. This include times when the file was added, viewed, updated, accessed, shared and more.
ECOMI is aiming to target a mass market with their products, as they are covering all of the following spaces:
- Decentralized application marketplace
- Exchange (providing liquidity)
- Protection and storage of personal data, including basic identification, usernames, passwords, credit card information, passports, licenses and more
- Recording, protecting and sharing of intellectual property
- A broad variety of P2P asset exchange platforms including cryptocurrencies, messaging platforms, social media, encrypted file and data storage
The team’s aim is to build a global ecosystem, however for the time being it seems that their main focus is on the American and Asian markets. These two markets are promising in regard to in-game collectibles and also have the largest amount of cryptocurrency users and owners.
ECOMI: OMI TOKEN
OMI will be used to pay for all digital collectibles, staking will unlock certain features across all ECOMI apps, and more utility will be added as the ecosystem expands. The following will exemplify the staking process: “ECOMI Vault; after the user has created an account, and has an associated address (private key) within the ECOMI App, to access and use the decentralized storage they will have the option to ‘stake’ OMI tokens, which is to place funds in the address (private key) to use the access to the services.” Considering at this moment only the Secure Wallet is ready and it does not require staking, it is unclear what the current utility of the tokens is.
All DApps, including ECOMI Vault & Collect and many more will be funded by ‘OMI Tokens’ in one of the following ways: cold storage private key staking, one time payments, per access payments or recurring payments (depending on the DApp being used). Staking your OMI Token for DApp access will require tokens to be loaded against the relevant private key. If the staked OMI Tokens are removed, the access to the DApp in question will be as well. The information and data within the DApp will remain safe behind the private key, and access can be regained by staking tokens again.
COMPANY ROADMAP
Q1 2017: Conceptualisation of ECOMI.
Q2 2017: Market research and planning; Corporate Structuring; Information Memorandum.
Q3 2017: Key manufacturing relationships; Company Scalability Framework; Production Agreement Signed; Seed funding round opens.
Q4: Whitepaper commencement; FMA Application; Advisor and Board requirements; ECOMI One R&D Commencement. (Whitepaper available at https://drive.google.com/file/d/1c8LZjH9MwkM48p9kBbw10t4S0fno_z3u/view)
Q1 2018: Seed funding round closes; Smart Wallet product completed; ECOMI Token Private Sale; White Paper completed; ECOMI Collect 3 x license secured.
Q2 2018: Share acquisition of manufacturer; Token Crowdsale Conclusion; ECOMI team expansion; ECOMI Collect scope completion; ECOMI App scope completion; ECOMI Vault scope completion; ECOMI One scope completion; Secure Wallet Updated App release.
Q3 2018: Secure Wallet TGE reward dispatchment; ECOMI One R&D Completion; Secure Wallet 10 more currencies; ECOMI App v1 release; ECOMI Collect MVP; ECOMI Collect 6 x licenses secured; Exchange Listing.
Q4 2018: ECOMI One physical prototype; Secure Wallet 10 more currencies; ECOMI Vault MVP; ECOMI Collect beta release; Secure Wallet Wholesale distribution; Exchange Listings; ECOMI Collect AR release.
Q1 2019: ECOMI Collect public release; Secure Wallet - 10 more currencies; ECOMI App v2 release; ECOMI Collect 10 x licenses secured.
Q2 2019: ECOMI One public launch; ECOMI Vault public release; ECOMI Collect public release; Exchange Listings.
Q3 2019: ECOMI Collect Gaming MVP; ECOMI Collect 15 x licenses secured; ECOMI One Wholesale distribution; Secure Wallet - 10 more currencies.
Q4 2019: ECOMI Collect Gaming release; Secure Wallet - 10 more currencies; Exchange Listings.
TEAM MEMBER
David Yu is ECOMI’s founder. David has also founded Games R Us, and has been working for 21 years in the retail industry specializing in intellectual property. David also founded Retail Management Group Ltd., through which he launched brands in several continents, setting up international offices and distribution centres for skin care, food, and beverages. Both companies have earned him the Finalist position in the Ernst & Young, Entrepreneur of the Year Award for 2004 and 2008. In 2016 David won the Young Entrepreneur of the Year, and his company ranked 12th place in “Deloitte Fast 50 growing companies”.
There are twelve core team members working on ECOMI, all showcasing their participation in the project through social media channels such as LinkedIn. Many of the members have worked together either at Retail Management Group Ltd. or at the Taiwanese Chamber of Commerce. We believe that the chemistry among the core team members is high, and that there is a low probability of inner-team conflicts. The team seems fully committed to the project and experienced enough in the retail and gaming sectors.
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