OECOSYSTEMA

SMARTPHONE
= CRYPTOCURRENCY + MARKETPLACE APP

CELL
PHONE = CRYPTOCURRENCY + VILLAGE MARKET

OecoSystema provides a marketplace for the exchange of goods and services for low-income people in developing and developed countries.

A fairly distributed utility token for payment overcomes the lack of money in the economies of the poor.

OecoSystema enables both online transactions through the app’s wallet, as well as SMS transactions with cell phones. Cell phone users are registered through a network of local agents. 

OecoSystema runs on a private Ethereum network (Quorum) with RAFT consensus protocol.

 

ERC20 TOKENS

OECO Finance Token

Network: Ethereum Mainnet  0xd111d90e8ac1989c7af2e30018a367305924d130

Max supply: 1,000,000 / Initial supply: 1,000,000

Each OECO token receives 0.0000025 ECOS per new user

ECOS Utility Token

Network: Private Ethereum Network / Quorum

Max supply: 55 x amount of users / Initial supply: 0

Each user receives 50 ECOS upon joining the network / 2.5 ECOS are rewarded for friend referral / 2.5 ECOS are rewarded to OECO holders

The value of ECOS is backed by the goods and services offered by its users.

TX Transaction Token

Network: Private Ethereum Network / Quorum

Max supply: amount of SMS transactions / Initial supply: 0

TX is minted as local agents purchase it for ETH/Bitcoin. When a user sends an SMS transaction, the TX returns to OecoSystema and is burnt.

SMS transactions have a cost of $0.05 (1 TX). Local agents purchase TX for a price of $0.025 and sell them to users for $0.05.

MARKETPLACE

The marketplace application allows the exchange of goods and services. Users cooperate on a local level to save money, share value and create a stronger community with improved quality of life.

Private transactions and account balances

No transaction fees

1 ECOS per month fee for posting and reading offers in the marketplace

Users are identified and accounts are backed up with 3D facial authentication

Works on a 2G network and even a 32 kbps throttled connection with “text only” 

LOCAL AGENTS

Cell phone users can join OecoSystema through a network of local agents and conduct their transactions with SMS. The local agents process cell phone user identification and registration. A picture of the user is taken with a smartphone and sent together with the mobile number to OecoSystema for registration.

Local agents earn money selling TX tokens, while educating and supporting users. Local agents purchase TX tokens for $0.025 and sell them to users for $0.05 (in local currency). 

TX tokens are paid with Bitcoin or Ethereum. To obtain BTC or ETH, the local agent application has localbitcoins.com and localethereum.com built in. In this way the OecoSystema Local Agents also support Bitcoin and Ethereum networks.

Village Markets

Physical village markets can be organized for the exchange of goods and services where the local agent acts as an organizer. Offers can be posted on a chalk board or in a community center.

Example from the media sector: Alfred Sirleaf prints his daily ‘newspaper’ on a chalkboard on the street in Liberia, for those that can’t afford internet, TV or printed newspapers.

BUY OECO

Presale

20% or 200,000 OECO (of the total 1,000,000 OECO) offered for exchange in presale. Initially, 100,000 OECO are offered for financing the beta version of the marketplace.

Starting Dec 3, 2018: 100,000 OECO at a price of 1 ETH = 450 OECO

OECO can be purchased on LedgerDex with a Metamask wallet / OECO contract: 0xd111d90e8ac1989c7af2e30018a367305924d130

Once the marketplace beta version is complete, a further 100,000 OECO will be offered for exchange.

ICO conditions to be announced later when the company is ready for expansion.