Uber Eco Coin: A New Cryptocurrency By Uber Co-founder Garrett Camp

uber co-founder Garrett Camp, planning to launch new cryptocurrency Uber Eco coin this uber crypto coin will have no ICO. 
Published by
Uber Eco Coin: A New Cryptocurrency By Uber Co-founder Garrett Camp

Garrett Camp, best known as the co-founder of Uber is planning to launch his very own cryptocurrency Uber Eco coin that will have no ICO and will focus on the key issues pertaining to digital currencies.

Uber Eco coin: A better cryptocurrency & a bitcoin rival

The co-founder of Uber and the founder of venture fund Expa, Garrett Camp is launching his own cryptocurrency called Eco. The aim is to create a digital currency that can be used worldwide as a payment tool for the day-to-day transactions.  

Also read: Venezuelan Petro’s $5 Billion ICO Whitepaper Released

However,  there will be 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.

Initially, one trillion tokens will be issued. Half of these tokens will be given to the one billion humans duly verified that sign up first. 20 percent of it will go to those universities that are running trusted nodes, 10 percent to the strategic partners and another 10 percent to the advisors. The remaining 10 percent will go to the Eco foundations that will be newly formed and responsible for developing and maintaining the network.

A particular number of partners that are associated with the Expa which is pretty small along with the camp will be donating $10 million as an operating budget to seed the foundation.

Uber crypto Eco’s focus on verification, usability, efficiency

The whitepaper of Eco talks about three core issues related to digital currencies, especially bitcoin, that it aims to improve as stated in the whitepaper:

“Eco seeks to address three issues within digital currencies: verification of network nodes, the usability of applications, and efficiency of transactions. Eco makes significant improvements by

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.”

Though it is not the first time that such an initiative has been taken but it surely seems to be worth the time and focus. For instance, the upcoming token of Telegram focuses on being mobile-first, daily use tokens that have a low token price and a high supply.

With hundreds of cryptocurrencies available in the market, the options are endless, though Camp’s connection might help this new cryptocurrency.

What are your views on Eco? Do you think it showcases the potential to capture the crypto enthusiasts attention? Let us know your views below!

Share
Achal Arya

Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

MARA Bitcoin Treasury Nears $6 Billion, Trails Only Strategy in Public Rankings

MARA Holdings, Inc. announced that it now holds $5.9 billion worth of Bitcoin. This cements…

September 6, 2025
  • 24/7 Cryptocurrency News

Senate Banking Committee Releases Updated Draft Crypto Market Structure Bill

The U.S. Senate Banking Committee has released an updated version of the draft Crypto Market…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor’s Strategy Fails To Make S&P 500 Listing, MSTR Stock Drops

Strategy, led by Executive Chairman Michael Saylor, has been left out of the latest S&P…

September 6, 2025
  • 24/7 Cryptocurrency News

Solana Treasury Company SOL Strategies Gets Approval To List On Nasdaq

SOL Strategies Inc. has received approval to be listed on the Nasdaq Global Select Market.…

September 6, 2025
  • 24/7 Cryptocurrency News

Fidelity, Grayscale, VanEck Dump Ethereum Amid ETH Price Crash

Ethereum (ETH) price fell sharply as Fidelity, Grayscale, and VanEck drove heavy ETF outflows, but…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethereum Treasury Firm SharpLink Confirms Compliance Amid Nasdaq Oversight

SharpLink has reaffirmed its full compliance with Nasdaq rules, dismissing speculation about shareholder approval requirements.…

September 5, 2025