The next months are going to be extremely busy and exciting. Together, we’re doing something very special: we’re creating a new market from scratch. A market where impact certificates can be traded. Once up and running, Echo allows you to finally get good information on companies’ impact. Compared to current risk-based ESG analyses, this changes things drastically. And since we change them for good, we want to move fast.
Our journey: your journey
The Echo-team is on a thrilling journey right now: Finding new people to join our ever-growing team. Convincing new investors to get behind the world’s first impact exchange. Making sure that we respect all the necessary regulations.
Still, the most exciting steps lying ahead are the ones we take together with you: By May 2022 we want to go live, allowing you to trade impact for the very first time. Directly afterwards, we will hold round after round of “Onboardings” – our approach to get new companies listed on Echo.
That way, you can rate and trade more companies each week. Watch out for the announcements in our newsletter and on our blog! Throughout 2022 we will keep adding new features; e.g. the impact-rating of funds and our very own Echo index. And by the end of 2022 you will be able to buy and sell Ǝ (“Echoes”, our token) for “real” money.
The Ǝ: why we wait
Ǝ is the token we use as a currency on Echo Impact Exchange. You use Echoes to buy and sell impact certificates (immies). We all look forward to Ǝ being freely tradeable, i.e. being worth real money. The crucial first step towards this goal is to get the impact market up and running. To do this, we will keep the Ǝ token exclusive to our platform at first. That way, everybody can join Echo for free. For we want you all to join so that we can re-purpose finance together.
This also means that you cannot lose money in the beginning. We are very aware that creating a new market is a risky business. We want Echo to be as safe for you as possible. So that we can all focus our energies on the impact investment revolution.
Curious about Echo Impact Exchange?
Echo is a trading platform for impact rating. That’s right: you can rate companies’ impact by trading their impact certificates. Joining Echo is free for the time being and the profits you make from trading will become convertible to other currencies in 2023!