EQWITY THE MOST INDUSTRY DEVELOPMENT IN BLOCKCHAIN TECHNOLOGY

EQWITY THE MOST INDUSTRY DEVELOPMENT IN BLOCKCHAIN TECHNOLOGY | Ecency

The initial coin offering has grown so big in recent time so much so that it has become the cornerstone of most industry development resulting in the emergence of many projects offering service related to the blockchain technology. In just about 7 months in 2018 over 638 initial coin offering was launched that involved close to 17 billion dollars invested in these projects. Yet it is facing much criticism as to its abuses and risk which includes too many scam record presently that 78% of initial coin offerings can be classified as scam according to the Bloomberg and SATIS Group. Also the problem associated with investors not getting dividend and shares or even voting right in the company they have invested their money during the inception of the project. Another fear of investors is that verifiable information’s about the founders is scarce and can’t be totally trusted because of scammers copying documents of others with a fake team list.Much criticism has also come due to so many failed projects bringing about a total waste of hundreds of millions of dollars, and the hacking of these projects also ignite fear in the heart of the project founders. It was recorded that in 2017 alone more than 10% of 3.7 billion dollars generated during the initial coin offering was stolen. The problem might be that so many ICOs are not setting up the anti-money laundering policy that makes it difficult for money to be stolen resulting in government of many countries banning the use of initial coin offering in their country.

EQWITY SOLUTION
Eqwity is the perfect solution that plagues the crypto world which is aimed at an ecosystem that is safe for investors and project founders alike but will not affect the growth of the system. To achieve this the project will be carried out in three different phases with the first phase being the introduction of the new ICO standard that will correct the flaws of current ones, and the second phase will be the introduction of the decentralized blockchain platform that will foster trade and allocate tokens and shares without any governance by a central authority,with the final phase being the introduction of incubator which will help blockchain startups reach their desired goal of making their project viable. Eqwity will also make use of the initial coin offering + equity airdropping (ICO.E) which is the new standard for initial coin offering presently because it has it foundation on bilateral transparency and bidirectional trust between investors and founders of the projects.

BILATERAL TRANSPARENCY
The Eqwity ecosystem is offering know your customer (KYC) and the anti-money laundering that will help in verifying the identity of investors on the platform as used by few other cryptocurrency platforms. But this is not enough as it only verify the identity of investors without those of the founders, leaving investors with a high risk of ICO scam. That is why together with the KYC and AML the platform is also introducing the know your founders (KYF) which includes identity verification, background verification and police record checking for project founders.

BIDERECTIONAL TRUST
Eqwity is also providing solution to the imbalance of power prevalent in many blockchain platforms where the investors no voting right or dividends for their investments. And these they plan to do by pushing both the investors and project founders to neutralize themselves so that the power ratio will be balanced. Utility tokens usable in the future can bought by early investors of the project meaning equity airdropping which is company shares will be given as a thank you gift for early investors of the project.

Also in making sure that projects that are sure to fail do not raise money from the community in form of initial coin offering the Eqwity ecosystem have adopted the proof of viability (POV) which will be used to verify the success of projects before the community can be allowed to invest on it. Projects submitted on the platform will be shared based on their fields and sent to the appropriate auditors organized in field blocks, with the financial sustainability plan going to the financial auditors and the product market fit going to the market auditors and the token economics going to the blockchain auditors.
There will be two parts of this audits which is

Team audit
Project audit
Smart contract audit
Team audit has to do with the whitelisting of the background, identity and police record if necessary of team members on a particular project, which is the first part of the audit phase.
Project audit is the last step of the audit phase before giving the final decision to the community whether to invest in the initial coin offering or not to.
Smart contract audit will see to it that all the promises made by project founders concerning their tokens are really kept in the blockchain. A smart contract code will be will be set in place to record all conditions announced to investors by the project founders.

DECENTRALIZED GOVERNANCE
The Eqwity platform allows for a decentralize governance system where all it users can be sure that their voices can be heard and it really counts even in decision making by the ecosystem, abiding to one simple principle “One Investor = One Voice”. Also the early investors in the system can be sure that their opinion even on non-strategic decisions will be heard.

TOKEN USE

The EOSIO will be the utility token used in the Eqwity ecosystem. It will be used by project founders to submit projects for ICO.E pay voting fee during community voice and pay listing fee during blockchain stock exchange and finally receive pre-ICO.E investments. Also investors will use this token to pay community listing fee and invest in other ICO.E, pay for voting and transaction fee with purchase of tokenize shares. And auditor will also use this token to participate in an audit and receive remunerations.

TOKEN DISTRIBUTION AND FUND ALLOCATION
Out of the 6.25 billion EQY token 50% that is 3.125 billion token will be up for sale with a price of 0.01 USD. 14% will be for bonuses and 10% for the team, 3% will be for bounty and 8% for advisors with reserve collecting the final 15%. The funds generated will be put to good use as 30% from the $6M for soft cap, 30% of the $16M for hard cap and 45% of the $30M for moon cap will be invested on product development. 20%, 30% and 15% for the different cap respectively will be for marketing and partnership. Business development will take care of 20%, 10% and 10% respectively of the different caps. Exchange listing will collect 15%, 10% and 5% of the three caps respectively and 9%, 11% and 15% will go for management. And finally 6%, 9% and 10% will be for legal.

ROAD MAP

CONCLUSION
With its new ICO standard that is aimed to fix all the problems that the current ICOs are facing, the Eqwity blockchain platform is a dream come true to so many investors and project founders as well because it benefits is really mouthwatering. The fear of project viability and scam is done away with so u can be sure to reap the benefits of your investments. We encourage you to read this article carefully and be convinced that Eqwity is the best cryptocurrency platform that you can invest your hard earned money and be sure to reap great profits.

published by Cryptowin1
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