EcoFi

ECO

Official links

News

Binance CEO Highlights Shift to Self-Hosted Wallets Amid EU Withdrawals

Binance CEO Richard Teng revealed that 70% of the funds withdrawn by EU users went to self-hosted wallets instead of MiCA-regulated platforms.

Filippo Romano

2 hours ago

Binance's Regulatory Challenges Continue as France Rejects License Application

Binance faces regulatory challenges as its license application in France is rejected following the withdrawal of its MiCA application in Greece.

Lucas Weissmann

2 hours ago

Legal Battles Over Prediction Markets Escalate in the U.S.

The legal landscape surrounding prediction markets in the U.S. is contentious, with the CFTC suing states to assert jurisdiction, leading to mixed court rulings and potential Supreme Court involvement.

Jesper Sørensen

3 hours ago

North Carolina Supports CFTC Authority Over Prediction Markets

North Carolina has enacted a law recognizing CFTC authority over prediction markets, allowing them to operate legally with a 6% tax on revenue.

Rajesh Kumar

3 hours ago

What is EcoFi?

EcoFi is an open-source, permissionless, and censorship-resistant protocol built to power safe and responsible innovation in the Decentralized Finance (DeFi) space. The EcoFi protocol is designed to equitably disburse value among system participants through a unique infrastructure hinging on infinite scarcity, made possible due to the unique mechanics of EcoFi's distribution mechanism. This is achieved by staking ECO tokens through the EcoFi protocol to mint SPRT tokens. SPRT tokens can be used to purchase digital goods from an ecosystem connected to the EcoFI Platform comprising numerous marketplaces. The first such marketplace will be the HyperObject FINE ART NFT Gallery, a one-of-a-kind digital art gallery featuring FINE ART NFTs backed by distinct physical editions. Once the marketplace is sufficiently stable, EcoFi will transition to a DAO governance model.