EQ Token - Project Review

We will provide Article to present the “ EQ Token ” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.

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.

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!

Introduction

EQ Token will be a new method of equity crowdfunding that will allow even the smallest investor to get equity in return for their investment.

All investment applications on EQ Token website will need to offer up a portion of their business for a specified amount of money. If successfully funded, tokens will be created for this business. These tokens will be evenly distributed among investors based on investment size. Holding these tokens in your digital cryptocurrency wallet will allow us to send you shares of company profits. You will also have the chance to sell your tokens at any time on our own token exchange.

The 2 main aims of EQ Token are to:

1. Give start-ups and existing businesses the opportunity to quickly raise money in exchange for equity.
2. Give investors of any size the ability to be equity stakeholders in a company.

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

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

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.

TOKEN DETAIL

• 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.

EQ-Token IEO

We have decided on a time and location for our IEO!

​When?

We will be starting our IEO on Wednesday 11th March at 20:00 GMT. We will be running for 1 month starting from this point. Our minimum IEO limit will be 20m EQ20 tokens sold. We have determined that with this much capital, we will be able to successfully start the business. In the unlikely event that we do not meet this minimum target by 11th April at 20:00, all funds will be returned to investors.

We will be selling a maximum of 70m tokens (with an initial price of $0.05/token). If we sell the first 50m tokens within 48 hours, the last 20m tokens will be listed with a 20% increased price (if the first 50m tokens are sold outside of the 48 hour time-frame, the last 20m tokens will be listed at normal selling price). So get in quick!

​Where?

We will be using a decentralised exchange to release our IEO and after some research we have decided to use McAfeeDex. We have decided on this mainly because of their white-listing feature. The standard fee per transaction is 0.25% but you can white-list an ERC20 address for $100. This will ensure free transactions on McAfeeDex from that address for life. So remember to do the maths if you are planning to invest big! It might be worth white-listing!

​Although it is fairly simple to use, we have put together a short guide on how to use McAfeeDex below, so get on a give it a try before the IEO start date.

For More Information You Can Visit this Link :

Website: https://www.eq-token.com/
White paper: 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

Author : Letty sits
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1856247
MEW : 0x822E5C6A30c4F19EAB048f957e4729eF56bCcA7F