Pre-sale now live, Jun 2024, book a meeting today!
Pre-sale now live, Jun 2024, book a meeting today!
Pre-sale now live, Jun 2024, book a meeting today!

Frequently Asked Questions

What problem does the project aim to solve

  • Problem 1: Crypto Ecosystem

    Lack of Trust in Crypto

    Unsustainable Yields

    Fiat <> Crypto Bridging

  • Problem 2: Tax

    Capital gains

    Income Tax

  • Problem 3: Traditional Asset Classes

    Disparate Asset Portfolios

    Tokenisation of Assets

How do we build trust in Echo

  • Financial Regulation

    Echo is supported by DIOM, the technology arm of the Isle of Man Government. EchoChain Limited is under the authority of the Isle of Man Financial Services Authority or IOMFSA. Echo conducts KYC inc. biometric, using Jumio, ensuring a speedy user journey. Ongoing monitoring is performed to check for PEPs. Echo uses Chainalysis to monitor incoming blockchain transactions as well as to screen for suspicious activity (such as blenders).Both Jumio and Chainalysis are the market leaders for KYC/KYT.

  • Regulatory Pathway

    Echo is taking a modular approach to both development and its wider regulatory pathway. This pathway will be supported by Steve Billinghurst (Echo Advisor), who will be supported in a wider sense by his company Oben Regulatory. Echo already has a DB which allows it to complete all modules associated with the CEX. Class 5 is provided by partnership with Juris Trust.

    The following regulated sectors are the likely pathway; although the nature of tokenisation leaves room for interpretation in some product areas:

    DB (CVC) > CEX & Most Crypto Services (complete) PCC & TCSP (Class 5) > Trust Structures (complete) CIS (Class 3) > Blended Tokens Investment (Class 2) > RWA Brokerage

  • Branding & PR

    Echo has the support of Eric Hollreiser as an Echo advisor to assist in the ongoing marketing strategy of Echo. Eric works best in disruptive environments and believes Echo has major breakthrough potential. Eric has worked in PR for high profile clients; including Bill Gates. He will be assisting Sam Dorrer (CEO) as he seeks to build his own reputation.

  • Digital Marketing

    Echo will be using coinzilla and its extensive marketing tools to create targeted and optimised marketing campaigns for the cryptocurrency sphere. Coinzilla creates 1 billion impressions a month and 2 million clicks a month with a network of over 650 crypto websites;including etherscan, coinmarketcap and more.

  • Technology Partners

    Fireblocks provides institutional grade cryptocurrency wallet structuring that is built on Multi-Party Computation (MPC)and Hardware Wallet Connectivity(HWC). HWC structuring allows us to keep portions of the exchanges digital assets in physical hardware wallets for extra security (cold storage). FireBlocks Provides our platform with seamless,secure, and compliant storage of digital assets.

    Blockfills provides Echo with liquidity-as-a-service for its CEX. This deep liquidity ($1T+)allows Echo to have extremely competitive spreads even with major exchanges like coinbase and finance. Echo will be launching with 20 Major Tokens.Echo is using white label versions of vision and phoenix which allows us to quickly go to market (<3 Months) by connecting directly with Fireblocks.

    InterSystems provides the most sophisticated data management and analytics tools in the world. InterSystems IRIS data is used in capital markets, asset management, retail and commercial banking, hedge funds and insurance. InterSystems is helping the world's financial institutions such as BNY Mellon and CreditSuisse shift to a digital and data-driven approach.

Why is Real Yield sustainable

  • Why is Real Yield sustainable

    ECHO Token is the native cryptocurrency of the Echo Platform. ECHO Token is a 'Real Yield' Token.

  • What is Real Yield

    In the cryptocurrency ecosystem real yield is a share of the platform or protocol revenue that is distributed to token holders. These yields are often paid in stablecoin as opposed to native tokens.

  • Sustainable

    APR is paid in stablecoin to prevent inflationary native token supply or unsustainable yields from native token reserves. Due to limited circulating supply as the exchange volume grows the APR will increase.

  • ECHO Token Yield

    50% of centralised exchange fees generated are distributed daily to ECHO token holders proportional to total staked amount. ECHO staking does not require timelocks; only that the token is held on the platform.

  • Community Driven

    We believe that the speculative price of ECHO token will be linked to the real yield APR. This means that ECHO Token value is less susceptible to market swings. ECHO token's APR is community driven.

How do I bridge the gap between fiat and cryptocurrency

  • How do I bridge the gap between fiat and cryptocurrency

    Echo is a technology partner with OpenPayd. OpenPayd works with industry leaders such as Bitfinex as a fiat-to-crypto bridging tool and BAAS service.

  • Pro-Digital Asset

    "Digital asset businesses need a reliable, regulated banking and payments partner, so their customers can purchase digital currencies with fiat and make withdrawals from their accounts. Many traditional banking providers still struggle to deliver payments and banking services to digital asset firms - not us."

  • Payment Rails

    Offers multiple on-ramps and off-ramps for fiat payments (such as debit or credit card payments, bank transfer and Open Banking), and automate reconciliation with virtual IBANs.

  • BAAS Application Embedded

    Connects to OpenPayd API and integrates the services we need to our client-facing portal. This enables us to offer accounts, payments, foreign exchange or any other banking services, without becoming a fully licensed bank.

What is a PCC Structure

  • What is a PCC Structure

    A PCC structure, which stands for Protected Cell Company or Incorporated Cell Company, is a legal framework used in some jurisdictions to provide a means for businesses, typically in the insurance and finance industries, to segregate and protect the assets and liabilities of different business units or "cells" within a single legal entity. This structure is designed to enhance risk management, asset protection, and operational efficiency. Here's how a PCC structure typically works:

  • Single Legal Entity

    A PCC is a single legal entity that can be established under the laws of certain jurisdictions. It is often a company or similar business structure.

  • Cells

    Within the PCC, there are multiple individual "cells." Each cell is treated as a distinct and separate unit, even though they are all part of the same legal entity.

  • Segregation

    The key feature of a PCC is that the assets and liabilities of each cell are legally segregated from those of other cells and from the core or "umbrella" of the PCC. This means that the assets of one cell are not used to cover the liabilities of another cell.

  • Independent Operations

    Each cell can conduct its own business operations independently. This independence allows businesses to offer different products or services, manage different risks, and attract different investors for each cell.

  • Asset Protection

    The segregation of assets in different cells helps protect the assets of one cell from being used to satisfy the liabilities of another. This can be particularly important in industries where there is a risk of substantial liabilities, such as insurance.

  • Risk Management

    PCC structures are often used in the insurance industry to manage different types of insurance policies or to provide reinsurance. Each cell can focus on specific types of risks, and the assets and reserves are allocated accordingly.

  • Efficiency

    PCC structures can be more cost-effective and administratively efficient compared to establishing separate legal entities for each business unit. It streamlines administrative tasks and reduces regulatory requirements.

  • Regulatory Oversight

    While PCCs offer benefits, they are also subject to regulatory oversight to ensure compliance with laws and regulations. Regulators in the jurisdiction where the PCC is established typically monitor its activities to protect the interests of policyholders, investors, and other stakeholders.

How are you using PCC Structures

  • How are you using PCC Structures

    Clients will be charged an annual fixed fee to open a cell inside the Echo PCCstructure. Clients with assets inside a cell which benefits from the IoM's capital gains policy. Echo is partnered with Simcocks/JurisTrust which already has regulatory approval in place. Phil Games is the advisory partner. A Protected Cell Company structure is used as the basis of the overall structure into which individual cells are spun up as trusts for clients.Cells in a PCC have separate assets and liabilities and are independent of one another.

  • Form and Flag Digital

    A fixed form robust digital KYC/KYC and AML allows for the automation of large parts of cell set-up.The unification of assets into tokens and/or digital equivalents create the perfect management and oversight environment.

  • Client Managed

    Although we retain power as trustees; we will pass investment decisions on to the account beneficiary. What would traditionally be seen as 'special services' under a trust company can be passed on to individuals with significantly lower net worth.

  • The Future of HODL

    By implementing other Echo module features such as CEX, staking, collateralising, dapps and defi protocols inside the PCC structure we will create an environment that provides exceptional value to the client; ring fenced inside a 'tax advantageous' environment.

How does the Launchpad work

  • How does the Launchpad work

    Echo wants clients to take advantage of the PCC structures tax advantages by offering new tokens with large upside potential. Echo has particular interest in tokens which can offer tangible utility and/or real yield benefits to holders. Echo intends to support these projects end-to-end in return for native token and/or fiat depending on services required. Echo already has the first launchpad token in the works.

  • Blockchain Workshops

    What is blockchain? (theory)

    How to use blockchain (practical)

    Blockchain ecosystem (case studies)

  • Innovation Sprint

    We help identify, prioritise and evaluate potential use cases based on business value, risk and technical difficulty.

  • Development

    We help create a proof of concept by leveraging third-party tech stacks, in-house and Echo development teams. Rollout implementation for MVP is also available.

  • Launch

    Echo assists in tokenomics, the creation of token, launch on the Echo CEX and assistance with an ecosystem focused initial marketing push.

How does Echo assist with minimising Income Tax by using a Peer-to-Contract Protocol

  • How does Echo assist with minimising Income Tax by using a Peer-to-Contract Protocol

    The peer-to-contract protocol allows for the automation of lending-borrowing. This is based on specific Loan-to-Value (LTV) ratios that limit the borrowing amount to a certain percentage of the pledged collateral. Asset stability, variety and tax efficiency are the missing pieces of the puzzle for peer-to-contract protocols to reach $100 Billion+.

  • User Funded Liquidity

    The protocol relies on user-funded liquidity pools to enable the lending and borrowing process. In return, lenders earn interest that the borrowers earn when withdrawing loans.

  • Interest

    Depending on the supply-demand ratio of an asset, the protocol offers an annual percentage yield (APY) that varies with time. Assets offer greater yields for lenders the more they are in use. Borrowers have to deposit collateral to access loan facilities.

  • PCC and Income Tax

    Echo will allow clients to use the protocol inside the PCC structure. By borrowing against collateral inside a cell instead of withdrawing, clients do not have the taxable events associated with income drawdown.

  • Collateral Liquidation

    If a borrower deposits a volatile crypto asset that drops in value based on LTV, Echo will liquidate the collateral to recover lenders' funds. Borrowing against more stable assets in order to limit liquidation is good practice.

What is a 'Blended Token'

  • What is a 'Blended Token'

    Echo believes that more stable asset classes (beyond fiat stablecoins) will be required to fully take advantage of the Echo peer-to-contract lending protocol as well as the wider defi network. This stabilisation effort begins with blended tokens. Most retail customers do not pick stock. We believe that this trend should continue over into the cryptocurrency space by creating baskets of tokens based on themes.

  • A Different Stablecoin

    Blended Tokens will be 'on-chain' centralised stablecoins issued by Echo. The price of the blended token will be based on the percentage ratios of each underlying asset inside the blended token. Aggregation tools will be used for balancing.

  • Themes

    Understanding the wide range of cryptocurrency tokens available for purchase is difficult. We intend to create general themes of investment as opposed to specifics. Examples may include; Top 50, Infrastructure, Layer 2.

  • Fee Generation

    Blended Tokens will use a similar methodology as stablecoin issuers to generate fees. A portion of which will be passed on to ECHO Token holders. These include; using a portion of reserve assets in lending, issuance and redemption fees.

How does a 'Blended Token' work

  • How does a 'Blended Token' work

    When a user decides to acquire an Echo Blended Token, they essentially make an investment by contributing stablecoins into a designated fund. This process operates in a manner similar to how someone might invest British Pounds (GBP) or any other fiat currency into a traditional mutual fund. Here's how it unfolds step by step:

  • 1. Initial Investment

    The user starts by depositing a certain amount of stablecoins into the Echo Blended Token fund. These stablecoins serve as the user's contribution to the fund's assets.

  • 2. Fund Allocation

    This initial investment is then allocated within the fund according to its predefined investment strategy. Echo's Blended Tokens are designed to follow specific themes or strategies, which determine how the funds are distributed among different cryptocurrencies or assets. For instance, the fund might focus on DeFi infrastructure assets, layer 2, or a particular sector like gaming.

  • 3. Native Token Allocation

    As the user invests in the Echo Blended Token, they, in return, receive shares of the fund. These shares are represented by the fund's native token, distinct from Echo Token or any other cryptocurrency. This native token acts as a sort of ownership certificate for the user, signifying their stake in the fund.

  • 4. Regular Rebalancing

    One of the key features of Echo Blended Tokens is their ability to adapt and maintain alignment with the fund's specified genre and investment strategies. This involves periodic rebalancing of the assets held within the fund. For example, if the fund's strategy involves maintaining a certain allocation of Bitcoin, Ethereum, and stablecoins, and the proportion of these assets shifts due to market dynamics, the fund managers will periodically adjust the composition to bring it back in line with the predefined strategy. In essence, investing in Echo Blended Tokens offers users a way to access diversified portfolios of digital assets while simplifying the management of their investments. Users don't need to individually select and manage a range of cryptocurrencies; instead, they invest in a thematic portfolio, represented by the fund's native token. This approach not only provides convenience but also potentially lowers the risks associated with individual asset selection, as the fund's managers handle the ongoing adjustments to maintain the desired investment focus and balance.

How do we unify disparate portfolios into tokenised assets

  • How do we unify disparate portfolios into tokenised assets

    Echo takes its name from the concept of echoing real world assets onto the blockchain or 'Tokenising the World'. The supercharging of traditional asset classes begins with their tokenisation by allowing their use inside our digitised trust structures and peer-to-contract protocol. Fundamentally the methodology in blockchain growth should be to get real world assets onto the chain. This combination of tools will turn all asset classes into pure liquid through automated collateralisation and will make tokenised traditional assets 'better' than the non-token equivalent.

  • Soulbound Tokens

    Soulbound ERC-720 Tokens will be used to attach KYC/KYT AML to wallets. These soulbound tokens cannot be transferred or sold. The transfer of RWA stablecoins will be blocked by smart contracts inside the soulbound tokens unless transferring to another wallet with a soulbound token.

  • Securities

    Echo will issue a large number of 1:1 backed tokenised securities which function as stablecoins (eg. APPL). The underlying security will be held in custody by Echo. Echo will mint tokens based on underlying securities held. Voting rights of underlying securities will be held by Echo and allow us to build, in principle, a large voting block to assist with the growth of the blockchain industry.

  • Commodities

    Echo will work with companies currently already providing digital asset equivalents of commodities (eg Royal Mint) in order to allow purchases to actually own the underlying asset instead of tokenising futures contracts. Precious metals and energy are the priority followed by metals and agri.

  • REITs

    Tokenised REITs allow the purchaser tokenised access to the real estate market adding an additional asset class to the portfolio. Similar to real yield processes Echo will be able to pass on dividend associated with all asset classes to the holder in stablecoin.

  • Collective Investment Scheme

    Blended Tokens fall under the collective investment scheme regulatory requirements (class 3). This pathway is well established and will be acquired on our behalf by our advisors and wider network.

What is the Echo platform solution summary

  • Satoshi brought blockchain to the world. Echo is bringing the world to the Blockchain

    Echo is taking an 'Apple approach' by creating an all-in-one ecosystem for tokenised asset growth. The overall platform pathway can be defined in 4 key steps:

  • Incentivisation

    In the Echo ecosystem ECHO token provides a share of the Echo CEX platform distributed evenly to ECHO stakers. As additional modules come online ECHO becomes more powerful. ECHO yields are paid in stablecoin as opposed to native tokens creating a deflationary and market resistant asset.

  • Digital PCC Structures

    PCC structures allow the user to take advantage of an Isle of Man tax environment. Upfront annual fees for set-up will speed up platform growth. This environment will draw large flows of capital into the ecosystem; starting with cryptocurrency but eventually including real world assets.

  • Automated Borrow-Lend

    A peer-to-contract protocol supported by issued stable asset classes inside a PCC environment will allow for minimised risk of liquidation. The use of the borrow portion will allow the user to avoid income tax. The use of the lend portion will allow the user to gain variable interest on assets.

  • Asset Unification

    The tokenisation of 'Real World Assets' creates a unified and liquid trade and wealth building environment. Once tokenised these assets gain Dapp and DeFi capabilities. Fractionalisation allows retail investors diversified exposure to asset classes that they did not have previously.

What is the elevator pitch

  • What is the elevator pitch

    Echo is a community driven, government licensed, tokenised ecosystem blending CeFi and DeFi applications while incentivising ECHO Token holders with real yield.

    Echo's ultimate vision is to empower investors to collateralise capital on a peer-to-contract lending protocol by tokenising traditional investment on the blockchain; enabling an easy-to-use, seamless integration of the crypto and fiat spaces for long term wealth building. The first phase of implementation will be to create a centralised cryptocurrency trading platform and associated native yield token; ECHO token.

  • Community Driven

    Echo has industry leading technology partners and world class advisors. Echo has committed 30% of Total ECHO Token supply to a community foundation to support the long term growth of the project.

  • Government Licensed

    Echo has support and expertise already prepared to complete its extended regulatory pathway on the Isle of Man.

  • Tokenised Ecosystem

    The Echo ecosystem is part of a wider modular pathway which will allow users to take advantage of Digitised Trust Structures alongside tokenised 'Real World Assets' (RWA).

  • CeFi

    Echo has a CEX as 'module 1' of the platform to use as a basis for the trade of assets in the ecosystem.

  • DeFi

    Echo will use a peer-to-contract protocol inside of the tokenised ecosystem to create an income tax advantageous and pure liquid environment between assets.

  • ECHO Token

    ECHO Token is the fixed supply native cryptocurrency of the Echo Platform. The tokenomics include both cliffs and vesting.

  • Real Yield

    50% of fees generated on the centralised exchange are distributed proportional to total ECHO staked amount.

What is the roadmap for the project

  • Does it seem realistic and achievable

    Echo has 3 phases of development. Completion is for the whole phase, modules within each phase may be completed before this date.

  • Phase 1: Launch Phase

    Completion Jan 1st 2024

    - CEX

    - ECHO Token ICO

    - ECHO Token IEO

    - Trading Bots

  • Phase 2: Cryptocurrency Phase

    Completion Sep 1st 2024

    - Social Trading

    - PCC Structure Wallets

    - VISA Cards

    - Crypto Fund Tokens (Blended Tokens)

    - Launchpad

    - Foundation Governance

  • Phase 3: Real World Asset Phase

    Completion Jan 1st 2027

    - (RWA) Brokerage

    - Tokenised Securities

    - Echo Passive Mutual

    - Tokenised Private Companies

    - Commodities

    - REITS & Property

What is the utility of the ECHO token

  • Real Yield

    Staking is a simple toggle option in the users wallet. This can be stopped at any time and does not require 'time locks'. When toggled the ECHO Token cannot be used in open trades. At a maximum the staked amount would equal the circulating supply; but it is likely to be lower than this.

    ECHO Token 'Yield Staking' is not based on ECHO Token reserves being used as 'interest' payments. Instead 50% of total revenue generated by the Echo CEX is distributed daily to ECHO Token stakers as a proportion of total amount of ECHO Token staked. This interest is paid in either stablecoin (USDC) or the user can select to auto-buy ECHO Token off the open market to daily compound.

    ECHO Token speculative price in phase 1 is likely to be dependent on exchange volume and the APR which is deemed appropriate. We expect the APR to find an equilibrium point and then the ECHO Token price to fix around that. If APR starts getting higher (CEX volume up) it is likely that ECHO Token price will increase and vice versa. The rate of APR as well as the token price are both variable and speculative. This makes the ECHO Token more resistant to standard market fluctuations than other tokens. For further information we have created a calculator with optional user fields that is available.

  • Burn

    10% of total revenue generated by the Echo CEX is used to purchase ECHO token off the open market and is burned (permanently removed from circulation) monthly. This continuous buy pressure based on CEX volume paired with its removal from circulation should cause the price of ECHO Token to increase over time. A maximum of 500M or half the total supply can be destroyed in this way.

  • Unlock

    ECHO Token is the key which unlocks the full power of the Echo platform. ECHO Token utility unlocks exclusive features and tools. Over time additional ECHO Token features will become available alongside product module releases. ECHO Token utility will become increasingly powerful as the Echo ecosystem expands. Examples include; access to PCC structure through ECHO Token holding, increased yield gained through % fee on blended tokens, VISA card benefit unlocks and more.

What is the total supply of ECHO tokens? How will they be distributed?

  • What is the total supply of ECHO tokens? How will they be distributed?

    ECHO Token is an ERC-20 token usable throughout the Echo platform's ecosystem. The total amount of token is 1,000,000,000 (1 Billion) this is a fixed supply cap and no more ECHO Token will be minted. The total supply is likely to decrease over time through burn mechanics associated with ECHO Token utility to a minimum of 500,000,000 (500 Million).

    Community Foundation: Total: 30% / Cliff: 6 Month / Release: 2% Month

    Team and Advisors: Total: 20% / Cliff: 12 Month / Release: 3% Month

    Marketing: Total: 18% / Cliff: 6 Month / Release: 2% Month

    Liquidity 15% - -

    Pre-Sale: Total: 7% / Cliff: 3 Month / Release: 11.1% Month

    Whitelist / Sign-up 5% - -

    Seed: Total: 3% / Cliff: 6 Month / Release: 8.3% Month

    Public Sale 2% - -

What are the ECHO token predictions

  • What are the ECHO token predictions

    Echo CEX has to average $1,868,351.86 daily to achieve a 10% real yield pa on a $0.022 ECHO Token in year one 18 Exchanges achieve the yearly requirement daily 67 Exchanges achieve the yearly requirement weekly 117 Exchanges achieve the yearly requirement monthly.

    We are very confident in the dramatic increase in ECHO Token price. This is why we are only selling 12% of Total Token Supply as part of the ICO. We estimate a token price point in excess of $0.2 upon the introduction of the digitised trust funds which we expect to be completed in less than 1 year. Upon completion of all stated infrastructure (<3 years) we believe that ECHO Token could reasonably become a Top 10 Token.

How would the project be affected by changes in market conditions

  • How would the project be affected by changes in market conditions

    ECHO token holders have the ability to be profitable in both bull and bear markets. The real yield is paid strictly based on trading volume and fees generated through Echo's centralised exchange. As long as cryptocurrency is being bought and sold, Echo Token holders will earn daily real yield payments.

Who are your current partners

  • Who are your current partners

    Blockfills, Fireblocks, Chainalysis, Jumio, ShuftiPro, Digital Isle of Man, Oben Regulatory, OpenPayd, Intersystems, ACE, Coinzilla, 4ire, Simcocks, Juris Trust.

Who are your founders

  • Who are your founders

    Sam Dorrer, Dustin Cornwell. For more information see linkedin.

  • Sam Dorrer (CEO)

    Sam is an entrepreneur, strategist and proven innovator (research and development) having led teams of contractors and consultants on numerous engineering and software projects through his partnership in Flux Technology.

  • Dustin Cornwell (CSMO)

    Dustin has 15 years of experience in highly competitive and client-centric environments. He is a strategic business builder and problem solver specialising in real estate with HNW individuals.

Who are the current Echo Advisors

  • Who are the current Echo Advisors

    Unlike with many projects, our advisors are extremely active in the project with direct communication daily, quarterly strategy meetings and ongoing business development. For more information see linkedin.

  • Steve Billinghurst

    OBEN partner. Former partner for PWC and Deloitte. Specialising in regulatory environments and fintech.

  • Phil Games

    CEO of Simcocks legal advocates. Specialising in creating bespoke off-shore and multi-jurisdictional structures.

  • Eric Hollreiser

    Former consumer marketing director for Microsoft, Disney and Pokerstars. Specialising in marketing for disruptive brands.

Who is the MLRO (Money Laundering Reporting Officer)

  • Claire Tucker

    Claire has a law degree and qualified as a solicitor (non-practicing) in England and Wales in 2004. She has 17 years of experience on the Isle of Man in the regulatory environment: formerly as a trust and company administrator in a Trust and Corporate Service Provider; and latterly in compliance in TCSPs, and for various DNFBPs. Claire has advanced certificates in AML/CFT and Compliance from the International Compliance Association in 2013 and 2014, and is part STEP qualified.

Is the project regulatory compliant

  • Is the project regulatory compliant

    Echo is a designated business of the Isle of Man financial services authority. Its technology partners are all well established market leaders and are regulatory compliant.

What is the project built on

  • What is the project built on

    ECHO Token is an ERC-20 Ethereum token. The platform is centralised and built with a mixture of Golang and Ruby.

What is the overall technical structure of the platform

  • What is the overall technical structure of the platform

    Echo's technical architecture is based around a modular development structure with microservices. Echo is using a modular structure in order to quickly and efficiently develop separate products at the same time. This allows us to significantly speed up the phased development plan and have multiple technical teams working in tandem. By having a core structure it allows these modules or 'microservices' to integrate into a wider 'walled garden' platform.

    From a UX perspective Echo is a unified platform. In the backend there are two core programmes running (Fireblocks & Echo) which handle assets and data storage respectively. All data streams flow into or through Echo and all other technology partners and modules attach to this hub with REST API.

    Additional Echo products which are implemented over time are considered 'microservices' or separate modular applications which attach to the CEX through REST API. This allows us to continue development of the Echo product suite without affecting the rest of the infrastructure. It also allows us to potentially develop separate applications in more appropriate programming languages for the task. An additional benefit to this microservice approach is that each addition to the Echo ecosystem can be evaluated more easily from a regulation perspective and services can be locked or opened depending on client data and risk assessments.

    The hub of Echo is built in the programming language: Go or Golang. The language was designed by Google and is a statically typed, compiled programming language. Commonly known applications include; Google, Twitch, Netflix, Ethereum, Dropbox and Uber. Echo uses it as a core language because of its emphasis on concurrency; CPU parallelism and asynchrony.

How sustainable is the project? Does it have plans for scalability?

  • How sustainable is the project? Does it have plans for scalability?

    Echo in phase 1 is an exchange volume driven platform that is prepared to scale with a technical infrastructure designed from the outset for millions of potential users.

What are your project's unique selling points compared to similar projects in a similar stage

  • What are your project's unique selling points compared to similar projects in a similar stage

    Regulatory oversight, real yield token, long term strategy and world class advisors.

What are some of the criticisms the project has faced and how have you addressed them

  • What are some of the criticisms the project has faced and how have you addressed them

    The project has been critiqued in terms of scale and product diversity. It must be understood that the platform will be going through 3 phases with modular product release. It is a large project but broken into smaller manageable pieces.

    There has been critique around the lack of core team experience specifically in the blockchain space. We would argue that many of the skills which make for an effective project are transferable; especially from software engineering and sales. We also have a world class set of advisors and a wide technical and business network to make up for perceived weaknesses.

Can you discuss any upcoming updates or features

  • Can you discuss any upcoming updates or features

    Be sure to join us on Discord for the latest and greatest information about upcoming updates and features. Updates will be released via multiple channels including but not limited to Discord, Medium, Echofinance.io, Twitter, Facebook, and Telegram. Discord will function as the primary point of contact.

How engaged and active is the project's community

  • How engaged and active is the project's community

    Echo uses Discord as the centre of its community engagement and uses other social media platforms as communication tools. Echo has both engagement officers and moderators.

How does your project aim to contribute to the blockchain space

  • How does your project aim to contribute to the blockchain space

    We aim to be a major player in the space by bridging the cvc and traditional financial spaces and allowing users to have diverse tokenised portfolios inside tax advantageous structures.

How do I purchase ECHO Token

  • How do I purchase ECHO Token

    In the initial private rounds, ECHO can be purchased with fiat currency using Stripe, Bank Transfer or Paypal. Later rounds will also be purchasable with stablecoin. This is because it is important that Chainalysis is implemented into the platform for AML reasons prior to accepting cryptocurrency. You must complete KYC before being able to purchase. If you are from the US you must be an accredited investor.

How are the ECHO Tokens stored during the ICO

  • How are the ECHO Tokens stored during the ICO

    All 1 billion ECHO Token will be separated into 6 separate triple signature gnosis/safe wallets so that they can be verified on the blockchain; with the understanding that these tokens will be distributed according to the vesting schedule.

What is the Echo Community Foundation

  • What is the Echo Community Foundation

    The community foundation is a foundation established prior to the public launch of Echo. Over a period of 50 months it will gradually become usable by the foundation to stake. The community foundation will never sell ECHO Token but will rely on the compound interest from staking alongside speculative growth of ECHO Token. Governance voting will be put to all ECHO Token holders with the express interest of increasing the value of the foundation and of ECHO Token itself.

How does the project plan to generate revenue or create value

  • How does the project plan to generate revenue or create value

    Echo is taking a modular approach to services with each module being independently financially feasible. During phase 1 or Launch, a mixture of CEX fees and native token sales will allow for further platform development.

How transparent is the project

  • How transparent is the project

    Echo in general is not an open source project. It may be the case that some future modules, particularly those associated with DeFi, are open source.

How competitive is the project's niche

  • How competitive is the project's niche? What are the other players in the field?

    Each individual component of the project is highly competitive but we believe the amalgamation of these disjointed parts will lead to an ecosystem based USP.

How is the project mitigating potential risks and what is their contingency plan

  • How is the project mitigating potential risks and what is their contingency plan

    Echo is taking a modular based approach to its business model which allows quick and easy pivoting

How will the funds raised in the ICO be used? Is there a clear budget allocation?

  • How will the funds raised in the ICO be used? Is there a clear budget allocation?

    Round 1 (Seed) will be used to complete the platform ready for launch.

    Round 2 (Private) will be used for marketing and additional user growth.

    Round 3 (IEO) will be used to complete development for modules 3 and 4.

Can you elaborate on your stance on decentralisation vs centralisation

  • Can you elaborate on your stance on decentralisation vs centralisation

    The debate over cryptocurrency decentralisation versus centralisation presents a dual-sided perspective. Decentralisation, exemplified by Bitcoin, promotes financial autonomy and democratisation but lacks identity oversight, potentially enabling illegal activities. It is also synonymous in many cases with slow and often costly transaction times. Centralised platforms offer stability and quick transactions, yet reintroduce intermediaries and systemic risks. A balanced view acknowledges both models' strengths and weaknesses, suggesting that the future may involve a hybrid approach that combines decentralisation's algorithmic innovation with centralisation's speed for a more comprehensive and adaptable financial system.

What are your opinions on 'blank' cryptocurrency

  • What are your opinions on 'blank' cryptocurrency

    Echo is cryptocurrency agnostic which means we adopt a flexible approach to digital assets, avoiding a singular fixation on a specific cryptocurrency. Instead of favouring one cryptocurrency like Bitcoin, Ethereum, or Ripple, we would encourage investors to adopt diversification in their portfolio, taking into account their performance, utility, and market conditions. This approach helps to manage risk by not overly relying on the success of a single cryptocurrency. It allows one to adapt to the ever-changing cryptocurrency landscape, harnessing opportunities in different blockchain projects. Cryptocurrency agnosticism also encourages us as a company to maintain a well-balanced crypto portfolio that balances growth potential, use cases, and risk mitigation, aligning with our pragmatic and diversified investment philosophy. ECHO Token is of course the exception not the rule!

What is your price prediction on BTC this halving

  • What is your price prediction on BTC this halving

    Historically, Bitcoin has experienced price increases following halving events due to a reduction in the rate of new Bitcoin issuance. However, past performance is not indicative of future results, and the cryptocurrency market generally is notoriously volatile and unpredictable. Assuming historic continuity; data would suggest a $100k+ BTC.