Review on EcoDollar by José A Rodríguez
Cryptocurrency with a Green Cause for the World
Eco Dollar is partially different from being just a blockchain, even if the main core of the platform looks like one. This network is centered on offering people an innovative way of always having access to digital money (but this does not mean that it has to be crypto, but fiat can be managed through digital accounts). The main tasks of this company include providing digital transfers to multiple accounts and act as a service of global storage for cryptocurrencies.
The company, moreover, has had a clean trajectory based on its roadmap because most of its partners have been working together to also generate a green foot-pint in the world. They want to help to control the world's environment and make it more sustainable for all living beings out there. Most of these companies consider that this digital age is so important to understand the real change of finances and social facts.
Through all investments registered on the platform, the team makes sure that a considerable part of them goes directly to the project dedicated to saving the world. This will be possible thanks to a maintenance source created with future developments.
Besides, in the financial field, it permits to trade without limits of any kind. That means users can exchange on the platform, or join other channels since the token is already listed on different exchange networks.
A disruptive point with the project is that it does not have great recognition. Below, there is a list of some common issues on the project, and how they might affect the advance and scalability of the company.
E- Listed on a far position of the global blockchain and cryptocurrency rank with a low value on the token. It does not provide good liquidity.
E- The general volume of the token might affect the transition of common trades.
E- The web design counts with low development. Moreover, the technology support it receives is not ideal.
E- Features are described superficially. They do not have real outcomes.
As this project is specially focused on a green cause, the company should readapt all the content provided and make it more practical. They also must think about a plan to give more value to their token since it is not a stable coin.
Pros
- Professional blockchain provides good privacy, anonymity, and security among users and transactions.
- It is listed on several exchanges, and the token can easily run among them.
- It has several processes and features that makes not only a blockchain for investment, but also to trade, mine, and stake.
- The team has a nice idea for joining a green cause to support the world, and improve the current status of the global environment.
Cons
- The volume and price of the token commonly fail even when the entire market is in green. It is low and difficult to reach a higher position.
- It does not have any product available to manage all features provided by the main platform. It just works with the support of its partners.
- The team must design a better plan to ensure correct scalability for their project.
