etherconnect.co

Here's what it says on the etherconnect.co website:

Etherconnect is an open source decentralized finance platform for stablecoin, staking, yield farming, and DeFi protocol. It is an algorithmic, autonomous interest rate protocol built for investors, to unlock a universe of open future of financial earnings. Etherconnect is a new updated platform of Bitconnect Limited which is based from Estonia & United Kingdom Registered Company. The platform is designed to provide multiple opportunities & benefits for its investors, traders, and users to earn profit daily. Etherconnect community enhanced the crypto finance platform & merged the DeFi protocol with the governance protocol. This will help us to find the independence of all desire, Etherconnect community of like-minded, freedom loving individuals. Etherconnect connecting the possibility of income stability in a very unstable manner. Download Business Profile - English Download Business Profile - French Download Business Profile - Vietnam Download Business Profile - Russian The ECC tokens targeted to their respective fiat, Etherconnect has low volatility and offers the stability crypto currencies typically lack. It is built on advance DeFi blockchain technology which uses the Ethereum smart contracts that offer sophisticated cryptographic security. ECC token will be a stable decentralized currency that does not discriminate. Any individual or business can realize the advantages of digital money. Ecc will Delivering integrity to the decentralized financial markets. ECC holders are responsible for governing the ECC Protocol, which includes adjusting policy for the ETH stablecoin, choosing new collateral types, and improving governance itself. Anyone can be an ECC holder and all are welcome to come join us in shaping the future of DeFi. Join Etherconnect decentralized worldwide community which can protecting the integrity of the ECC Protocol through research, discussion, and on-chain voting. A unique sub-category in ECC DeFi ecosystem is liquid staking. It allows anyone with a staking token to get immediate liquidity without a lockup period by obtaining a tradable, synthetic ECC Coin in the process. This provides a clear benefit to Coin holders, though it introduces some centralization risk in the process. We already see at least six projects building liquid staking solutions, either natively or through bridges to other chains, making Etherconnect likely the most adopted blockchain ecosystem for liquid staking. Etherconnect enables people and businesses in countries with high inflation to protect their money by moving it out of broken currencies into a ECC stable digital currency. ECC makes it cost-effective to send money across borders. This enables people to send money home to their families, and businesses to pay international suppliers in a ECC coins and other stable currency. ECC is a fluctuating protocol coin that plays a role in stabilizing ECC and confers the cryptographic right to purchase excess ECC coin as the network grows. Etherconnect coin is the most unusual type of stablecoin in future. Because tt is not backed by other crypto currencies or by material resources. The basis of ECC coin' stability is algorithms embedded in the code itself. Understanding the operational principles of these digital coins is sometimes difficult even for those who hold them. Algorithmic stablecoins are the smallest class of crypto currencies. Perhaps, this is simply because their basic principles are little understood. This type of stablecoin is not dependent on collateral resources. Its cost is controlled by DeFi based Ai Blockchain protocol, and the regulatory system is decentralized — nothing can be done to it from the outside. The infrastructure is highly scalable because, with the growth of supply, additional security is not needed. The Etherconnct Protocol holds the collateral coins and ETH that back the ECC coin. When new ECC coins are sold on the market, the assets used by market participants to purchase the new ECC coins are held as collateral. This process keeps the ECC collateralized at a 1:1 ratio even as supply increases. At times, the Etherconnct Protocol may target a collateralization ratio greater than 1:1. When this is the case, scaling the supply of ECC coin requires additional capital in order to maintain the target collateralization ratio. To accomplish this the Etherconnct Protocol mints and sells Reserve Rights coins in exchange for additional collateral coins.