Crypto Pacitan : EQ Token.

EQ Token.

Blockchain is still very new to mainstream society. The majority of people think that this is just a type of online currency. We are going to utilise blockchain to help overcome issues with crowd funding. More specifically equity crowd funding. There are many different crowdfunding platforms out there today. One of the first and most well known is Kickstarter. On Kickstarter, people invest in idea that they like, and at each bracket of investment you are offered a reward, usually getting better the more you invest. The reward will be worth less than the amount of investment. If you truly believe in the idea you’re investing in, why not become a part of it? With EQ Token, any investment you make in a company will give you equity in that company and allow distribution of dividends as well as the ability to sell your equity at any time. If you had of invested $10 in Uber in 2009 when they were worth $3.7m, your $10 investment would now be worth over $250,000 as they are now worth over $100b. Imagine if you’d have invested that $10 on Kickstarter and got some type of Uber novelty key chain as a reward???

Why Blockchain?

So, why would raising money using blockchain be any better than the current methods?

Fees

Current methods of crowdfunding have quite high fees. This is due to the fact that the crowdfunding companies are rarely able to handle the financial transactions themselves and often have to pay third parties for this service.

Using crypto currencies, we will be able to easily handle all transactions ourselves, passing on financial savings to our customers

Equity

The majority of crowdfunding companies cannot offer equity in return for investment as it is just too hard to track exactly who owns what and to easily sell shares. Using Ethereum smart contracts we can easily divide up a 20% portion in a company into billions of small shares that can be traced back to individual Ethereum wallets to allow sharing of profits (dividends) or selling of tokens.

Ownership

From day 1 of the token creation for a new project, you have 100% ownership of your tokens. You can send them to whoever you want, trade them for whatever you want or else even store them in an offline location to keep them safe. This type of freedom and ownership only comes with blockchain

Investments

We are about to start our marketing and bounty programs in the next couple of days! We will run these campaigns for 2-3 months and will announce our IEO release date soon!

To stay informed, please keep checking this page or follow us on Twitter, Facebook or Telegram to receive the most up to date information about EQ Token progress

The Future of Crowdfunding

EQ Token will use blockchain technology as a much better and more efficient way of equity crowdfunding. The benefits of using blockchain from an investors point of view are:

Small investments can be easily tracked and awarded with a proportionate share in the company through the use of tokens

Profit sharing can be evenly and easily distributed to all investors

Investors can also be given voting rights which can be verified by the number of tokens they own in their online wallets (this feature will come at a later date)

These tokens can be privately sold to other investors or sold on our own token exchange at any time.

Benefits for a company listing on our crowdfunding platform are:

The company listing will pay a small fee (used to validate the listing, <$350) and any money collection/verification is carried out by our service.

They are able to offer a portion of their company, which we will legally hold. We are then able to convert this into 100,000,000 tokens to be sold to investors

Any quarterly/annual share in profits is then passed onto us which we can evenly distribute to all token holders

In the event of a failed crowdfunding project where the goal was not reached within the allowed time-frame, we are able to return any investments received

Benefits for a company listing on our crowdfunding platform are:

● The company listing will pay a small fee (used to validate the listing, <$350) and any money collection/verification is carried out by our service.

● They are able to offer a portion of their company, which we will legally hold. We are then able to convert this into 100,000,000 tokens to be sold to investors

● Any quarterly/annual share in profits is then passed onto us which we can evenly distribute to all token holders

● In the event of a failed crowdfunding project where the goal was not reached within the allowed time-frame, we are able to return any investments received

Fees

We will charge a registration fee for every project of $200-$300. This is to review each project, evaluate businesses and give the project a risk rating.

● We will charge a 4% fee on every fully funded project.

● We will own 3% of the tokens from every project.

● We will charge a 2% fee on all dividends.

● We will charge a 0.25% fee on any trading of tokens on our website.

The above means that if a project has raised $200,000, the business raising money will receive $192,000 and the investors will receive a share of 97,000,000 tokens. This method of taking fees will share the burden, on more well-known crowdfunding websites, the funding received by the business would be under $185,000.

The benefits of using blockchain over current crowdfunding methods are:

● Lower fees

● We are our own payments service

● 100% control of your equity tokens

● Equity in return for any sized investment

EQ20 Token

The EQ20 token will be an ERC20 token. This token will be used to raise money to allow EQ Token to get started. A total of 70m tokens will be offered in the initial exchange offering for a price of $0.05/token.

The 3% of all tokens created through fully funded projects belong to us so these tokens will be evenly airdropped to all EQ20 token holders. A standard project will be created with 100m tokens. We will own 3m of these tokens and so these will be airdropped to all EQ20 holders. This means that for every 10,000 EQ20 tokens ($500) you buy, you will receive 300 tokens from every fully funded project that we ever create so investors in EQ20 will own a stake in every company the EQ Token business ever helps fund. Ever!

These tokens can then be sold on our decentralized exchange at any time or they can be kept in your wallet so that any funded company that starts to become successful, will start to pay dividends directly into your wallet!

We also plan to airdrop 25% of the 2% dividend fee to EQ20 token holders as well!

Token Sale

The EQ20 token will be used to raise funds to help get EQ Token started. There will be 70m tokens sold in total in the EQ Token initial exchange offering for a price of $0.05 per token to help raise $3.5m.

The token sale will last for 30 days and our minimum target is to sell 35m tokens. If we do not reach our minimum token sale target within the timeframe, all funds will be returned to investors.

1m EQ20 tokens will be used for promotional purposes to help increase awareness of EQ Token and what we plan to accomplish (mostly through social media competitions).

There will be 4m EQ20 tokens that will be used to reward participants in our bounty program. These tokens will be paid 1-2 months after the successful completion of the IEO.

The remaining 25m tokens will be kept by the core development team and may be used to pay external contractors.

Road Map

● November 2019

Release of whitepaper - Completed

● January 2020

We will start our advertising campaign through the use of a bounty program in January 2020

● Q2 2020

IEO release to sell 70m EQ20 tokens for $0.05/token to raise $3.5m needed to get EQ Token off the ground with enough capital to expand quickly across Europe

● Q3 2020

Start to hire EQ Token core team and open UK and European offices

● 2021

Aim to open offices in the US and further develop the EQ Token team and business

The Team

● James Borland - Founder

● Samantha Borland - Marketing Director

To get clearer information about the EQ Token project, please visit the link below:

● Website: https://www.eq-token.com/

● Whitepaper: https://8cd84f28-8000-4b5b-9dee-f2a2c3e22376.filesusr.com/ugd/33ca45_7636886924954932ac8b2732b00da077.pdf

● ANN Thread: https://bitcointalk.org/index.php?topic=5220943.msg53710117#msg53710117

● Twitter: https://twitter.com/eqtoken