After 5 rounds of financing of nearly 100 million US dollars,#CoinListLianxin Project Eco launched a "currency experiment" four years after financing. Eco hopes to create a monetary system that is different from previous products, not anchored to the US dollar, and maximize the wealth in the ecosystem through governance. Its goal is to first become a medium of exchange and transform into a value storage tool over time.
#Eco has a strong background. CEO Andy Bromberg is the co-founder of cryptocurrency platform #CoinList. The project has received investments from top crypto institutions such as #a16z,#CoinbaseVentures,#PanteraCapital, Founders Fund, and Lightspeed Venture Partners.
#EcoRisk points:
1. Neither ECO nor ECOx tokens are anchored to the U.S. dollar and have strong uncertainty.
2. From the financing timeline, Eco missed the golden period for the development of algorithmic stablecoin projects.
3. Even with the endorsement of top VCs, it will still be difficult to be widely accepted as a payment and stored value currency. However, you can interact with this project now, and the probability of airdrop is high.