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EMCO Network Unlocks Blockchain’s Potential for Precious Metals Industry and Financial Inclusion – Press Release Bitcoin News
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press release
PRESS RELEASE. EMCO Network, a ground-breaking Defi project, is set to revolutionize the digital and financial landscape by leveraging its unique blend of real-world experience in the precious metals and artificial intelligence sectors.
To address the challenges faced by users from low socio-economic backgrounds, EMCO Network aims to provide a new platform to leverage their digital identities, generating economic opportunities while promoting organic online interactions. The project’s robust and sustainable revenue model is built on its strong foothold in the precious metals industry.
EMCO Network’s blockchain strategy is designed to bring a new level of transparency, traceability and authentication to the precious metals sector. This initiative aims to overcome the industry’s inability to share sensitive information on a public ledger due to risk factors such as cargo interception. By ensuring the security and integrity of cargo, the EMCO Network will promote transparency and validation of goods, to the benefit of all parties involved.
The rollout of Blockchain Distributed Ledger Technology (BDLT) will give birth to ENERD, a Software as a Service (SaaS) reward system and a Defi platform. This initiative will provide financial inclusion and allow users to access the ENERD Dashboard/App and request a micro task. The proprietary software solution, ENERD, issues unique microtasks to users determined by AI that analyzes data from connected platforms. These tasks, designed to promote organic engagement, will reward users with $EMCO tokens, which can be sold or bet on the Defi platform.
The Defi platform provides fixed APYs based on fixed periods and the unique ability to exchange tokens for RWA NFTs; the user can redeem a physical asset in the form of a coin, round or bar, depending on the value; assets include gold, silver, platinum, copper and selected gemstones. Users can keep these for safekeeping or choose to redeem the investment, which is sent via secure courier. KYC for courier redemption is subject to the value set in the user’s local jurisdiction and country’s custom declaration laws.
Relationships are being established at a local level around the world that will allow users to exchange their digital assets for physical assets at trusted and vetted bullion dealer partners. This will give users the ability to convert easily into an asset class with physical value that they can use in local economies.
If a user instead decides to convert unredeemed NFTs back to USDT or $EMCO, a secondary marketplace will be available through EMCO that will allow other users to bid on those NFTs at discounted prices.
For example; A buyer can place a bid of $10,000 with a 3% discount on the purchase. Your USDT is sent to the smart contract and held. Once a seller accepts the price, the smart contract will complete the trade, sending the tokens and NFTs to the appropriate parties. Both buyers and sellers can bid on the market at their desired price points to ensure a dynamic and inclusive ecosystem.
The project’s tokenomic structure and revenue model is built around the trade of precious metals on a B2B level. EMCO Network has direct contracts with precious metal mines, refineries and government customers. The project will use 40% of the profits for a buyback of $EMCO tokens, creating a reflex loop for the lifetime of the ENERD platform, with another 10% going to the treasury. This external liquidity from the profits of the business ensures that the growth of the token and its APY offering is supported by realized gains as opposed to hypothetical market returns.
The EMCO Network team consists of seasoned professionals with an average of 20 years of experience in various fields, including precious metal sourcing, blockchain-related technologies and business management. This multicultural, diverse team is dedicated to creating value for society and the community.
For more information, you can contact:
White paper:
Telegram:
Contact information:
EMCO network
Contact Email: [email protected]
Website: www.emco.network
This is a press release. Readers should do their own due diligence before taking any action related to the Promoted Company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image credit: Shutterstock, Pixabay, Wiki Commons
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