Topic: Uber co-founder Garrett Camp is launching new cryptocurrency - Eco (Read 280 times)

I really like the idea. Uber has both financial and marketing capabilities in order to create a new cryptocurrency, as well as conduct a successful ICO. The question is, how many Uber users will support this idea? In any case, the popularity of Uber will play a positive role.

I thought it wasn't true, but if ICO and the truth will be, then I think there will be a lot of hype around it.

Thanks for the news. This is very gratifying when a transnational company enters the crypto-currency and tries to promote its vision of the future.

I think the effect of this to the entire cryptocurrency world will not be that significant these is due to the fact that launching cryptocurrency is a new trend for big businesses. . Many corporate are already going to this kind of technology due to advantage it gives to their operation. Though it is certainly big score for the legitimacy of blockchain technology if this project launching pursue.

Although the concept of their project is not new, I'm sure this planned ICO will be a huge success because of the team behind it. Let's just wait for it to happen, I hope I will have enough funds to be part of this potential game changing project.

Thank you!
That's an interesting review, definitely worth reading.

Here are some of the important information.

The white paper talks about three ‘core’ issues related to cryptocurrency and the project aims to improve and incorporate the following:
1) forming a verified network, where universities run nodes,
2) increasing overall token supply, and creating simple web and mobile apps, and
3) designing a system with more energy-efficient and coordinated token generation, to reduce overall power consumption.”

Uber co-founder Garrett Camp, Naval Ravikant founder AngelList and Adam Bain COO Twitter is launching new cryptocurrency Eco. Source
Eco will not be controlled by any one individual, organization, or nation. University partners will play a key role in the development and helping to guide development of the Eco protocol. Source
No ICO which means no money will be raised for the project. This means any potential legal issues that are currently running rampant in the ICO market can be further avoided.
ECO will issue 1,000,000,000,000 (1 Trillion) tokens of which 50% will be given away. 20% will go to the universities running trusted nodes, 10% will go to advisors, 10% will go to strategic partners, and 10% will go to a newly formed Eco Foundation.
ECO wants to offer pre-mined coins to push the industry in a more “Green” direction and leave less of a carbon footprint than coins currently on the market such as BTC.
ECO plans to have a fully operational test net running by early 2019.

It was just announced March 2018, so we’ll see what really happens with this. The big take away is not a means-of-exchange, speculation-driven, not eco-sustainable and most importantly not equality-minded.

My article / source: https://steemit.com/eco/@spazcraft/garrett-camp-uber-co-founder-is-launching-a-paypal-cryptocurrency-eco

In fact, Uber is a decentralized transportation network company, based on peer-to-peer ridesharing.
I think that Uber business model has a perfect fit to apply paid services based on blockhain principles.

This would be much easier the people who are using UBER for their transporation could have easily pay those bills in real time,you dont need to carry your cash but it is a little bit risk because what if the taxi driver will steal your phone and force you to pay big amounts of cryptocurrency assets? as far as i know there are few people who turning into thiefs,rapist and using UBER.

Yeah, it sounds ridiculous, but you can read here, about starbucks https://www.ccn.com/starbucks-turns-bullish-on-blockchain/
And you forget that some cities or countries are more progressive, so everything is possible with relevant marketing.
Blockchain could be just a tool for mayor companies to have the same income, spending less money for market operations.

P.S.The idea of torrent earlier was not considered seriously,  but it is still alive.

I do not see anything grandiose in the Telegrams ICO, except for the amount of fees. So far it's like playing cash bags. I am very interested in ICO Uber, this firm has proved to be innovative and I think it will successfully work out in the sphere of crypto currency.

I think the combination of the blockchain and the Shared car is very high, so I'm very optimistic about Uber, because the bitcoins and blockchain are our future. So Uber is issuing new tokens, and I think I'll invest it,

Thanks for sharing this, haven't seen it before.  Very large coin supply but I think the hype alone and overall use cases could make it a successful project.  

One more thing there is no attracting money on the ICO stage, so this project will more reliable than Telegram ICO which attracted the unimaginable amount of money from nothing.

I think the next garbage. Nothing concrete, the usual statements that can often be read in the ICO about the fact that this project will become a global tool of payment

Uber helped a lot of people with their innovative business model. I hope their entry into cryptocurrency will do the same. There is a thread here that discusses about using bitcoins as fare or tip on Uber rides.

This could be a good idea if Uber will make their cryptocurrency, because it is a bog company and a great opportunity also for them to be part of innovative technology that we have. I think it will be successful and I’m going to keep an eye for that, especially I am an Uber passenger, so most probably in the future they will accept cryptocurrencies as mode of payment.

This could be highly successful,  we will see more of this in the future,  starbucks is also trying to either pick a current crypto or come up with its own.   This could be a great opportunity for investment

the cypto currency sector need to be man like that.He can create network which can only useable for uber payment but he is create basic different coin.i congrulate him

A crypto with an un profitable business. I think it will badly affect on cryptos. It may show the world on how easy it is to launch a cryptocurrency. Soon McDonals and Starbucks may also launch its own crypto. LOL JK.