Eco is a decentralized alternative to fiat currencies
What makes ECO different
ECO is designed to depart from the two predominant models for digital currencies to date:
- Fixed, hard-coded monetary policy (such as Bitcoin’s deflationary supply issuance model);
- Flexible, algorithmic-based monetary policy (such as many USD stablecoin models).
ECO charts a different path, using programmable money tools to build toward crypto’s vision — a transparent and incentive-aligned system for an inherently borderless digital currency. ECO is a free floating digital currency intended for use as a medium of exchange foremost — and over time and with sufficient adoption, as an increasingly well-suited store of value.
ECO deploys governance-based, independent monetary policy to respond to many potential states of the future. Whereas automation strategies (such as algorithmic policies) predetermine how the currency can respond to outside forces, ECO’s discretionary strategy is intentionally less predictable, one that seeks to describe and enable economic realities in a new way, using a different system.
ECO seeks to leverage three inherent advantages for cryptocurrencies, as compared with fiat currencies today: better real-time economic data about payment flows and velocity, a more transparent and aligned incentive structure among system actors, and a more direct relationship between monetary policy and end consumers.
