EQ Token will use blockchain technology as a far better and more efficient way.

faujan.nawawi

About

Blockchain is still very new to the general public. The majority of people think that this is just a type of online currency. We will use the blockchain to help solve problems with crowd funding. More specifically crowd equity funds. There are many different crowdfunding platforms out there today. One of the first and most famous is Kickstarter. On Kickstarter, people invest in ideas they like, and in each investment group you are offered a gift, usually the better the more you invest. The prize will be worth less than the investment amount. If you really believe in the idea that you are investing, why not become part of it? With EQ Tokens, any investment you make in a company will give you equity in that company and allows the distribution of dividends and the ability to sell your equity at any time. If you had invested $ 10 in Uber in 2009 when they were valued at $ 3.7 million, your $ 10 investment would now be worth more than $ 250,000 because it is now worth more than $ 100b. Imagine if you invested the $ 10 in Kickstarter and got some new Uber key chain as a gift ???

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 this service.

Using cryptocurrency, we will be able to easily handle all transactions on our own, continuing financial savings to our customers

Justice

The majority of crowdfunding companies cannot offer equity in return for investment because it is too difficult to track precisely who owns what and easily sell shares. Using Ethereum's smart contracts, we can easily divide 20% of the shares in a 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.

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

Profit 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 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.

Benefits for company listings on our crowdfunding platform are:

The company register will pay a small fee (used to validate listings, <$ 350) and the collection of money / 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 be sold to investors

Each quarterly / annual profit portion 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

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 collecting 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 now are:

Lower cost

We are our own payment service

Control 100% 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 that 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 funded companies that are starting to succeed, 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!

Token Sales

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.

Roadmap

November 2019

Whitepaper release - Complete

January 2020

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

Q2 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 develop quickly throughout Europe

Q3 2020

Started recruiting the core team of EQ Tokens and opening offices in the UK and Europe

2021

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

Team

James Borland - Founder

Samantha Borland - Marketing Director

For more information visit the site below:

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

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

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

Twitter: https://twitter.com/eqtoken