EMCO Network is a promising decentralized finance (DeFi) project that is set to revolutionize the digital and financial landscape through the use of cutting-edge blockchain technology and real-world experience in precious metals and artificial intelligence sectors. The project seeks to address the socioeconomic challenges faced by users from low-income backgrounds by providing them with a novel platform that taps into their digital identities to generate financial opportunities while fostering organic online interactions.
EMCO Network’s blockchain strategy is designed to bring a new level of transparency, tracking, and authentication to the precious metals sector. Through this initiative, the project 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 safety and integrity of the load, EMCO Network aims to promote transparency and validation of goods, benefiting all parties involved.
The deployment of Blockchain Distributed Ledger Technology (BDLT) gives birth to ENERD, a Software as a Service (SaaS) rewards system, and a DeFi platform. The initiative provides financial inclusion, allowing users to access the ENERD dashboard and request a micro-task. The proprietary software solution, ENERD, uses AI that analyses data from connected platforms to issue unique micro-tasks designed to promote organic engagement. Users receive $EMCO tokens as rewards for completing the tasks, which can be sold or staked in the DeFi platform.
The DeFi platform provides fixed APYs based on fixed periods and the unique opportunity to exchange tokens for RWA NFTs. Users can redeem physical assets in the form of coins, rounds or bars, depending on their value. Assets include Gold, Silver, Platinum, Copper, and select Gemstones, which users can hold for safekeeping or choose to redeem the investment, sent via secure courier. KYC for courier redemption is subject to the value denoted in the user’s local jurisdiction and the country’s custom declaration laws.
Relationships are being established at a local level across the globe that will allow users to exchange their digital assets for physical assets at trusted and vetted bullion dealer partners. This empowers users to convert easily into an asset class of physical value that they can use within local economies. If a user decides instead to convert unredeemed NFTs back into USDT or $EMCO, a secondary marketplace will be available through EMCO that allows other users to bid on these NFTs at discounted rates.
The project’s tokenomic structure and revenue model are built around trading precious metals on a B2B level. EMCO Network has direct contracts with precious metal mines, refineries, and government sector customers. The project will use 40% of the profits for a buyback of $EMCO tokens, creating a reflex loop for the longevity of the ENERD platform. Another 10% goes to the treasury vault. This outside liquidity from the profits of the business ensures the growth of the token and its APY offerings are supported by realized gains as opposed to hypothetical market returns.
The EMCO Network team comprises 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.
In conclusion, EMCO Network represents a unique opportunity for users to tap into the DeFi sector while earning rewards and having a chance of converting digital assets into physical assets. Through its robust and sustainable revenue model built on the precious metals industry, EMCO Network promises exciting times ahead for users in the digital and financial landscapes.