Uber co-founder Garrett Camp creates a crypto currency

One of the founders of Uber, specializing in private transportation, Garrett Camp is going to issue its own digital currency Eco.

According to the creator's plans, the crypto currency will be distributed globally and used as a payment facility for daily transactions.

In the first wave, 1 trillion tokens will be released, 50% of which will be received by users from the first billion registered, 20% will be sent to universities with reliable nodes.

In addition, another 20% will go to consultants and strategic partners, and the remaining 10% will go to the Eco Foundation, which is responsible for creating and supporting the network.

Test launch of the network is planned for the end of 2018 year, now registration is available on the platform.

Principles of the Eco Ecosystem

Creators are going to exclude anonymous transactions, using only verified nodes to confirm and support the network.

Also, in addition to a large initial capital, it is planned to create an energy efficient crypto currency by abandoning the miners supporting the platform, reports Tech Crunch.

Earlier between the company Uber and NASA was partnership is concluded with the purpose of creating a flying taxi.

Author: Vasilisa Ming, Analyst Freedman Club Crypto News

Image from Fotolia

Source: Read Full Article

Leave a Reply