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LUIS RIVERO R photo
Venezuela
1 Level
1191 Review
4270.25 Karma

Review on EcoDollar by LUIS RIVERO R

Revainrating 3 out of 5

Property-backed cryptocurrency. (not yet verified.)

As other cryptocurrencies admit quick and anonymous transfers between parties, the main support of this asset is properties that according to official information are acquired,
Anyone can submit their proposals to the project.
Basically the value is defined by the supply and demand of the same, however at the time of verifying its support it is not possible to verify documents that prove its assets
current physicals.
Your development team is anonymous, you cannot verify the geographic location or data that can make it possible to verify the data.
In general, this project does not have much information, in addition it does not have data on records despite being indicated as a physical incorporated company. It seems to be an interesting idea in
In general, since many people are willing to contribute to the environment, however, there is a lack of structure related to this aspect.



Pros
  • Anonymous and highly scalable transactions.
  • Really low transaction fees.
  • Mining process available to holders as they can run nodes and earn rewards.
Cons
  • The market volume of this asset does not reach a dollar in the last 24 hours.
  • Mobile wallet not yet available although it has a release date of August 2020.