#### What is Ecoin official? Ecoin official (ECOIN) is a decentralized and deflationary BEP20 token that operates on the BNB Chain network. It is a [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) that aims to change lives of people with big dreams. Ecoin Finance LTD, the registered company behind Ecoin, is dedicated to the success of this project. Ecoin is designed to be a utility token with a maximum supply of 1 billion [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token). It has a unique [tokenomics](https://www.coinbase.com/learn/wallet/tokenomics-101) structure that includes a 3% [liquidity](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/liquidity-) pool fee, 2% [stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) to be [distributed](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/distributed) to holders, 2% administrative portfolio fee, and 1% token burning on each transaction. This structure aims to create a stable price floor and reward holders. #### How does Ecoin official work? Ecoin operates on the BNB Chain network, which is known for its high speed and low operating costs. The tokenomics of Ecoin involves an 8% fee on every transaction, which is divided into four categories: liquidity pool, stake distribution to holders, administrative portfolio, and token burning. This fee structure aims to maintain a stable price floor and reward holders. Ecoin also plans to develop a user-friendly Crypto [Wallet](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet) App for Android & iOS where users can securely store, buy, and exchange their favorite cryptocurrencies, including Ecoin. #### What are the potential use cases for Ecoin official? Ecoin aims to be an online payment platform through an integrated Debit Card. This will allow people around the world to make easy, fast, and secure payments using their Ecoin balance. The Ecoin token will be used to make purchases through the wallet and debit card when the app is developed and issued. Users will also be able to swap or exchange any BEP20 crypto through the wallet for Ecoin to make use of the payment features for contactless or debit card. Additionally, Ecoin plans to integrate more utility into the coin after the first project is completed. #### What is the history of Ecoin official? Ecoin was launched on May 15th, 2021, on the [PancakeSwap](https://www.coinbase.com/how-to-buy/pancakeswap) Exchange and reached over 50K holders in less than 6 months. On March 20th, 2022, the migration to Ecoin V2 began, where a rebrand and a contract upgrade were made to better adapt to the new products of the Ecoin ecosystem. Ecoin Finance LTD, the company behind Ecoin, is registered in the U.K. The development team is situated in different parts of the globe and is committed to the success of the project. Ecoin aims to continue innovating and adding features to further empower people and give them control over their financial situations.