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Elephant platform introduces Ethereum-based cryptocurrency elCoin

Monday 4 January 2016 10:44 CET | News

Elephant, a multi-functional economic platform, has launched elCoin, a cryptocurrency based on the Ethereum project.

The Ethereum platform enables the creation of software applications that use blockchain technologies, excluding third parties.

The elCoin functionality is similar to Facebook, providing users control of pages, including advertising-generated revenue. The system provides for the implementation of social networks protected against outside access, securities markets independent of stock exchanges, agreements that do not require legal intervention, and other uses. The elCoin system will pay interest rewards once every 10 days beginning when the network launches in cases where at least one transaction has occurred in a 10-day period.

The early exchanges and adopters will benefit steadily by building the elCoin system. Users can cash elCoin on various cryptocurrency exchanges, when purchasing goods on partner elCoin websites and among one another.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, Elephant, Ethereum, elCoin
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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