EQ Token
future investing.
About EQ Tokens
EQ Tokens will be a new method of equity crowdfunding that will allow even the smallest investors to get equity in return for their investment.
All investment applications on the EQ Token website need to offer a portion of their business for a certain amount of money. If successfully funded, a token will be generated for this business. This token will be distributed evenly among investors based on the size of the investment.
Holding this token in your digital cryptocurrency wallet will allow us to send you company profits. You will also have the opportunity to sell your tokens at any time on our own token exchange.
All investment applications on the EQ Token website need to offer a portion of their business for a certain amount of money. If successfully funded, a token will be generated for this business. This token will be distributed evenly among investors based on the size of the investment.
Holding this token in your digital cryptocurrency wallet will allow us to send you company profits. You will also have the opportunity to sell your tokens at any time on our own token exchange.
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 share in the company through the use of tokens
Revenue 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 that are 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.
Small investments can be easily tracked and provided with a proportionate share in the company through the use of tokens
Revenue 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 that are 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.
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 new to standard society. Most people imagine this is just some kind of money online. We will use the blockchain to help defeat the problem with swarm subsidies. All the more explicit Equity invaded subsidies. There are various stages of crowdfunding out there today. One of the first and most certainly understood is Kickstarter. At Kickstarter, individuals put resources into the thoughts they like, and in every part of your business you are offered a gift, generally increasing the more you contribute. Prizes will not be proportional to the size of the venture.
The benefits for company listing on our crowdfunding platform are:
The company list will pay a small fee (used to validate listings, <$ 350) and the money collection / 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 sell to investors.
Each quarterly / annual profit share 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
The company list will pay a small fee (used to validate listings, <$ 350) and the money collection / 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 sell to investors.
Each quarterly / annual profit share 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
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 crypto currencies, 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 track precisely who owns what and easily sell shares. By using Ethereum's smart contracts, 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
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 crypto currencies, 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 track precisely who owns what and easily sell shares. By using Ethereum's smart contracts, 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
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 a 0.25% fee 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 today are:
Lower costs
We are our own payment service
100% control of your equity token
Equity in return for investments of any size
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 a 0.25% fee 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 today are:
Lower costs
We are our own payment service
100% control of your equity token
Equity in return for investments of any size
EQ20 Token
The EQ20 token will become an ERC20 token. This token will be used to raise money so that the EQ Token can start. A total of 70m tokens will be offered in the initial exchange offer at $ 0.05 / token.
3% of all tokens generated through fully funded projects are ours so these tokens will be exchanged equally to all EQ20 token holders. Standard projects will be created with 100m tokens. We will have 3m of this token and so this will be transferred 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 we have ever made so that investors in EQ20 will own shares in every company that has been helped by the EQ Token business. Ever! These tokens can then be sold on our decentralized exchange at any time or stored in your wallet so that any funded company starts to become successful, will start paying dividends directly into your wallet!
- We also plan to send 25% of the 2% dividend fee to the EQ20 token holders too!
3% of all tokens generated through fully funded projects are ours so these tokens will be exchanged equally to all EQ20 token holders. Standard projects will be created with 100m tokens. We will have 3m of this token and so this will be transferred 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 we have ever made so that investors in EQ20 will own shares in every company that has been helped by the EQ Token business. Ever! These tokens can then be sold on our decentralized exchange at any time or stored in your wallet so that any funded company starts to become successful, will start paying dividends directly into your wallet!
Token-sale
- The EQ20 token will be used to raise funds to help start the EQ Token. 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.
First 12 Months
The first 12 months after we receive our initial funding will involve recruiting our core team and opening the Token EQ office. This will include website designers, software engineers with cryptocurrency experience and marketing managers. One of the main challenges during the first year was to ensure that we created and released a great service that operates within the boundaries of UK and EU laws regarding crypto currency regulations. The EQ20 token itself is not a security token but a token that we will make for other businesses with our services. We need to ensure that we comply with UK and EU regulations regarding the sale of security tokens. The main focus during the first year is to have the right legal framework to ensure that when we fund business, our investors are protected.
Roadmap
- November 2019 - White paper release - Completed
- January 2020 - We have started our Bounty program to help raise awareness of EQ Tokens before our IEO. We offer 4,000,000 EQ20 tokens to participants.
- Q1 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 expand quickly throughout Europe.
- Q2 2020 - Start recruiting the EQ Token core team and opening offices in the UK and Europe
- 2021 - Aiming to open an office in the US and further develop the EQ Token team and business
Team
● James Borland - Founder
● Samantha Borland - Director of Marketing
● James Borland - Founder
● Samantha Borland - Director of Marketing
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.
FOR MORE INFORMATION, CLICK 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
- Facebook: https://www.facebook.com/eqtoken
- Telegram: http://t.me/eqtoken
by; jasonyn
by; jasonyn
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