Technology is fast being adopted by everyone in the world. Basically, every sector with a problem is being solved by technology every day. The technological revolution is not leaving the world of finance out either. With technology, the world of commerce and finance have been revolutionized. In the world now, people are adopting cashless means of payments. For a long while now, companies pay their employees using a cashless means of transfer. A currency, totally different from the one currently known as fiat, is taking over the world, and fast. It’s called cryptocurrency and offers a wide range of advantages for us including decentralization, transparency, stability, immutability and other great qualities. The reliance of technology is one of the main reasons for the adoption of crypto. With the introduction of this new currency, a bank is needed and this is where ENTRY steps in.
ENTRY is a platform based on the Ethereum blockchain and has the vision of becoming a truly global bank in the cryptocurrency era. They aim to be that access into the world of cryptocurrency and the current financial world. The platform will have all the features of a traditional bank including lending customers’ money and crypto, deposits, payments, ATM withdrawal of cryptos and cash and also as a platform for exchanging cryptocurrencies.
ENTRY’S BUSINESS MODEL
Money: This is intended as a payment access for cryptocurrency to purchase items on online shops. It will allow for the basic functions of a bank which include storage, transfer, withdrawal and deposit of funds. The ‘funds’ in this context include cryptocurrency alongside fiat. Entry.Money will also allow for the removal of restrictions for international payments. Many at times, payments between people in different countries could take a really long process and when initiated, could take days on end to complete. With the ENTRY token, payments will easily be made internationally.
Exchange: This is a cryptocurrency exchange which will facilitate the transfer of fiat currency into crypto and vice versa. On the exchange, fiat will be able to be exchanged into ENTRY tokens and coins that rule the crypto market cap world like Bitcoin, Litecoin, Ethereum, and Dash. They will have an advantage over other centralized exchanges because of its multi-functionality. The interface of the exchange will be layman-friendly.
Bank: The Entry bank will allow for features of a traditional bank account like making deposits and payments, giving out loans and even withdrawals. There will also be provision for debit cards to be used at POS terminals and ATM machines. There will also be a feature for peer to peer lending at reduced interest rates for the borrowers.
Token: The Entry token will allow for a flow in the Entry ecosystem and will be used as the official medium of exchange. It’s an ERC20 compatible token built on a smart contract powered Ethereum blockchain. It will be used to pay for different fees and services on the ENTRY platform.
ENTRY FUND DISTRIBUTION
ENTRY ICO
The Entry Token, ENTRY, is an ERC20 based token and will have a total supply of 590,000,000 tokens. The soft cap to be reached is 2,500,000 euros and the hard cap to be reached is 80,500,000 euros. Only 325,000,000 ENTRY tokens will be available for sale during the ICO.
To get more information about ENTRY, visit the links below
Website: https://entry.money/
Whitepaper: https://entry.money/ENTRY_Whitepaper_v1.pdf
Telegram: https://t.me/Entry_Official
ANN Thread: https://bitcointalk.org/index.php?topic=3229958.0
LinkedIn: https://www.linkedin.com/company/entry-money/
Twitter: https://twitter.com/EntryMoneyICO
Author Username: DJHaywire
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2037035
