EQ Token
the organization obtains assets from a large number of financial specialists in return for equity in that organization.
Crowdfunding is a route for individuals, organizations and philanthropy to raise funds. This works through people or associations who put resources into or provide, crowdfunding efforts as a by-product of potential benefits or prizes. Contributing along this line can be dangerous, so make sure you are aware of what you are doing.
Blockchain is still very new to the general public. The majority of people think that this is just a type of online currency. We will use the blockchain to help solve problems with crowd funding. More specifically crowd equity funds. There are many different crowdfunding platforms out there today. One of the first and most famous is Kickstarter. On Kickstarter, people invest in ideas they like, and in each investment group you are offered a gift, usually the better the more you invest. The prize will be worth less than the investment amount. If you really believe in the idea that you are investing, why not become part of it? With EQ Tokens, any investment you make in a company will give you equity in that company and allows the distribution of dividends and the ability to sell your equity at any time. If you had invested $ 10 in Uber in 2009 when they were valued at $ 3.7 million, your $ 10 investment will now be worth more than $ 250,000 because they are now worth more than $ 100b. Imagine if you invested the $ 10 in Kickstarter and got some new Uber key chain as a gift?
Why Blockchain?
So why is raising money using blockchain better than the current method?
Cost
The crowdfunding method currently has quite high costs. This is due to the fact that crowdfunding companies are rarely able to handle financial transactions themselves and often have to pay third parties for these services.
Using cryptocurrency, we will be able to easily handle all transactions on our own, continuing financial savings to our customers
Justice
Most crowdfunding companies cannot offer equity in return for investment because it is too difficult to precisely track who owns what and easily sell shares. By using an Ethereum smart contract, we can easily divide a portion of 20% in the company into billions of small shares that can be traced back to individual Ethereum wallets to enable the distribution of profits (dividends) or the sale of tokens.
Ownership
Since the first day of creating a token for a new project, you have 100% ownership of your token. You can send them to whoever you want, exchange them for whatever you want or even store them in an offline location to keep them safe. This type of freedom and ownership only comes with a blockchain
The 2 main objectives of EQ Tokens are to:
1. Give new companies and existing businesses the opportunity to quickly raise money in return for equity.
2. 3. Providing investors with any measure the ability to become an equity stakeholder in a company. Currently the blockchain is seen primarily as a platform for cryptocurrency .
EQ Token plans to use the Ethereum blockchain for what it means:
As a distributed computing platform and a public-based distributed operating system with
Investation
We will start our marketing and prize program in the next few days! We will run this campaign for 2-3 months and will announce our IEO release date soon!
To stay informed, please continue to check this page or follow us on Twitter, Facebook or Telegram to receive the latest information about the progress of the EQ Token
The Future of Crowdfunding
EQ Token will use blockchain technology as a way of crowdfunding equity that is far better and more efficient. The benefits of using a blockchain from an investor's perspective are:
Small investments can be easily tracked and provided with a proportionate portion in the company through the use of tokens
Profit sharing can be distributed evenly and easily to all investors
Investors can also be given voting rights that can be verified by the number of tokens they have in their online wallet (this feature will come later)
This token can be sold privately to other investors or sold on our own token exchange at any time.
Benefits for company listings on our crowdfunding platform are:
The company register will pay a small fee (used to validate listings, <$ 350) and the collection of money / verification is done by our service.
They can offer a portion of their company, which we will legally hold. We can then convert this to 100,000,000 tokens to be sold to investors
Each quarterly / annual profit portion is then given to us which we can distribute equally to all token holders
If there is a failed crowdfunding project where the goal is not achieved within the allowed time frame, we can return the investment received
Benefits for company listings on our crowdfunding platform are:
● The company register will pay a small fee (used to validate listings, <$ 350) and the collection / verification of money is carried out by our service.
● They can offer a portion of their company, which we will legally hold. We can then convert this to 100,000,000 tokens to be sold to investors
● Any quarterly / annual profit is then given to us which we can share equally to all token holders
● In the event of a failed crowdfunding project where the goal is not achieved within the permitted time frame, we can return the investment received
Cost
We will charge a registration fee for each project of $ 200- $ 300. This is to review each project, evaluate the business, and give the project a risk rating.
● We will charge a 4% fee for each fully funded project.
● We will have 3% tokens from each project.
● We will charge a 2% fee for all dividends.
● We will charge 0.25% for each token trade on our website.
The above means that if a project has raised $ 200,000, the business that collects money will receive $ 192,000 and the investor will receive a share of 97,000,000 tokens. This costing method will share the burden, on the more popular crowdfunding sites, the funds received by the business will be under $ 185,000.
The benefits of using blockchain compared to crowdfunding methods now are:
● Lower costs
● We are our own payment service
● Control 100% of your equity token
● Equity in return for investments of any size
The advantage
In addition, EQ Tokens open new opportunities not only for investors who can start to take an active part in one of the investment applications offered on the website, but also for the business itself. Which, in turn, by publishing their own offer to investors on the EQ Token website, will be able to quickly collect the amount needed for the development of their project, giving their project shares in return for the token. Which in my opinion is very comfortable and fair.
It is important to note that the founders of the platform and EQ Tokens will overload any project that wants to enter the list of recommendations for crowdfunding on their website for a small fee of an average of $ 200 to $ 300. For this amount, the founding team intends to carry out checks detailed and evaluating business ideas, and checking them for acceptable levels of risk. As soon as verification is successfully completed, the project will be credited to the platform.
But this is not all. Because in addition to introductory controls, the founder of EQ Tokens will charge a small commission on the amount accumulated by the project for its development. This will also include mandatory ownership of 3% tokens from the project itself and 2% from the Commission on the amount of all available dividends. Of course, this might show someone too much. However, this method will allow you to cut low-quality projects that initially only focus on deceiving their investors. Projects whose concept is based on the tangible benefits of tools created or developed by them can survive even in conditions of cooperation that are so simple with EQ Tokens.
Token Sale
The EQ20 Token will be used to raise funds for help getting the EQ Token started . There will be 70 million tokens sold in total in the initial EQ Token exchange offer at a price of $ 0.05 per token to help raise $ 3.5 million.
Token sales will last for 30 days and our minimum target is to sell 35m tokens. If we do not reach our minimum token sales target within the timeframe, all funds will be returned to investors.
The 1m EQ20 token will be used for promotional purposes to help increase awareness of the EQ Token and what we plan to achieve (mostly through social media competitions).
There will be 4m EQ20 tokens that will be used to reward participants in our prize program. These tokens will be paid 1-2 months after successfully completing IEO.
The remaining 25m tokens will be stored by the core development team and can be used to pay for external contractors.
Roadmap
● November 2019
Whitepaper release - Complete
● January 2020
We will begin our advertising campaign through the use of the bounty program in January 2020
● Q2 2020
IEO release to sell 70m EQ20 tokens for $ 0.05 / token to collect the $ 3.5m needed to get EQ Tokens from land with sufficient capital to develop quickly throughout Europe
● Q3 2020
Started recruiting the core team of EQ Tokens and opening offices in the UK and Europe
● 2021
Aim to open an office in the US and further develop the EQ Token team and business
Tim
● James Borland - Founder
In aerospace engineering. James has experience working in a variety of different engineering backgrounds (Eng Process / Mechanical Engineering / Eng Manufacturing). James has been involved in small-scale investments in the cryptocurrency market for 3 years.
● Samantha Borland - Director of Marketing
First Class Bachelor (Hons) in Marketing with experience working in the security industry as well as property development and management
Right now only the two of us are trying to get funding for this start with the help of several external contractors who have helped with sales and marketing strategies. As soon as we reach our minimum target at IEO, we will be able to recruit a full team to start the project appropriately.
Conclusion
In conclusion, I believe that blockchain will be the future of investing. EQ Token is in a unique position to be one of the first equity crowdfunding platforms based on the blockchain .
information:
● Website: https://www.eq-token.com/
● Keyboard: https://8cd84f28-8000-4b5b-9dee-f2a2c3e22376.filesusr.com/ugd/33ca45_7636886924954932ac8b2732b00da077.pdf
● Twitter: https://twitter.com/eqtoken
● Facebook: https://www.facebook.com/eqtoken
● Telegram: http://t.me/eqtoken
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