ENTRY( CONTINUED)

iamadebolaji (9)in #entrymoney • 6 years ago

MVP USE CASES

ENTRY is on the verge of completing the development of the Minimum Viable Product (MVP) for Entry.Money and Entry.Exchange. The MVP will be launched before the ICO closure. The MVP will help the team collect validated learning points about the user experience and functionality.

MVP for Entry.Money and Entry.Exchange has:

Access Wep App
Multi-currency Wallet
Deposits in Fiat and Crypto Currency
Withdrawals in Fiat and Crypto Currency
Payments in EU
Peer to Peer Instant Transfers in ENTRY system
Currency Conversions

ENTRY TOKEN

ENTRY Token is an electronic and virtual currency Token that will flow in the ENTRY ecosystem. It is the crypto-currency Token of ENTRY platform used for peer-to-peer transactions and micro payments. It will be the medium of exchange for transacting on the platform and availing ENTRY’s banking and financial services.

BENEFITS AND VALUE OF ENTRY TOKEN

The company will offer saving account to increase ENTRY Tokens, prevent speculating. This will allow ENTRY holders earn interest on their holdings.
ENTRY Token will motivate market participants to use ENTRY for transactions and savings as compared to speculation. This will allow the currency to grow into its role as a store of value as compared to the current speculation hype in major Tokens.
ENTRY Token will allow streamlining the functioning of the entire ENTRY platform and will help maintaining liquidity in ENTRY platform.
As the usage of ENTRY Token increases for business and transactions, the Token will be available in more and more places. This will have a parallel effect on the market of the ENTRY Token. The ENTRY will also see a long-term usage due to the business growth and network effect taken place.
You can use ENTRY Tokens to pay for any fees on our platform, including but not limited to: exchange fees, withdraw fees, listing fees, premium services or any other fee/service when you use ENTRY to pay for fees/services, you will receive a significant discount.
In the future, ENTRY will build a fully functional ecosystem where ENTRY would be used as one of the key base assets and main currency in whole business.
ENTRY in the future will launch ENTRY2 stable coin. This coin will ensure of ENTRY ecosystem and users growth in all possible ways as less speculative coin. More users and business join ENTRY ecosystem, more holders for ENTRY token to receive a significant discounts for usage.

TOKEN SALE

Before the launch of ENTRY platform, it will undergo a Token sale exercise. The funds raised in the ICO will be utilized by the team to develop the ENTRY platform.

TOKEN DISTRIBUTION

There also can be a lesser amount offered in each stage with the same average price. In case not all 55% of ICO Tokens are sold out, the remainder will be kept for SCO.
The rest of the 17% Tokens will be distributed during a SCO (secondary coin offering) in the future, but never at a lower price than 10 EUR per ENTRY price and never lower than market price (if the market price will be more than 10 EUR per ENTRY).
3% will be for bounty ICO+SCO.
The 20% of Tokens will be attributed to the team as a motivation as well as other development programs for outsiders. The team part of Tokens will be allocated over time in 5 years.
5% will be attributed to advisors, who will advise us until a fully functional bank will be operating.

ROADMAP