The decentralized economy develops by leaps and bounds: shops and entire financial systems work on the blockhouse. Ordinary users look at it with mistrust: it's unclear how to get the crypt, where to get, what to spend and where it's profitable to exchange. The main problem is that there is no simple single platform that will collect all the operations together.
Figure 1. Entry concept: the block system solves the daily tasks of users
The developers of Entry Money offer exactly such a platform: it is understandable and adapted to everyday banking operations. Pay phone bills, transfer money to my grandmother in the village, change the currency, withdraw money, buy shares - everything as usual, only instead of fiat money - a crypt.
What is Entry and how does it work?
The idea of the project is an online bank that will connect the security of crypto-currency technologies with the needs of real users. At the heart of the platform are smart contracts, low fees for fast transactions.
The idea of the project is an online bank that will connect the security of crypto-currency technologies with the needs of real users. At the heart of the platform are smart contracts, low fees for fast transactions.
Figure 2. Advantage of Entry - adaptation of the usual functions to the possibilities of blocking
Developers collected traditional online banking functions and adapted them to the blockbuster.
1. Entry.Money - service for paying for purchases, accepts crypto-coins and fiat money. The application includes an electronic wallet, a service for currency exchange, serves debit cards. Developers offer mobile and desktop versions, a full range of banking products (deposit insurance, investment decisions, deposits). Yes, everything looks like an ordinary bank, and the interface is simple and transparent. Now you can buy tickets for opera to the crypto currency, food for dinner ... Anything.
2. Entry.Exchange- built-in exchanger for converting of fiat money and crypto currency. Users can change one crypt to another, transfer digital money to the fiat and vice versa, and buy and sell ordinary dollars, euros and pounds. The service allows you to earn on trading, but the interface is simple (for ordinary users, not just experienced financiers). The key advantages are the direct conversion of Crypto-currency into Fiat and the absence of a minimum threshold for the withdrawal of income.
1. Entry.Money - service for paying for purchases, accepts crypto-coins and fiat money. The application includes an electronic wallet, a service for currency exchange, serves debit cards. Developers offer mobile and desktop versions, a full range of banking products (deposit insurance, investment decisions, deposits). Yes, everything looks like an ordinary bank, and the interface is simple and transparent. Now you can buy tickets for opera to the crypto currency, food for dinner ... Anything.
2. Entry.Exchange- built-in exchanger for converting of fiat money and crypto currency. Users can change one crypt to another, transfer digital money to the fiat and vice versa, and buy and sell ordinary dollars, euros and pounds. The service allows you to earn on trading, but the interface is simple (for ordinary users, not just experienced financiers). The key advantages are the direct conversion of Crypto-currency into Fiat and the absence of a minimum threshold for the withdrawal of income.
Figure 3. Service for the exchange of crypto-currencies and payment of bills
3. Entry.Network - a platform for third-party developers who want to adapt the ecosystem to their needs. The team offers API for creating applications based on Entry, graphical analytics and forecasts for third-party traders, as well as a multi-currency wallet. Network is used to play on crypto-exchange exchanges, create applications or allocate assets (private keys are stored in the blockroom).
4. Entry.Bank - banking services that work on smart contracts. Habitual debit cards, credit products, investments in national currencies and cryptonyms. Developers offer a system of P2P loans - direct loans that individuals provide. "Pay to the paycheck," only through the block. Entry.Bank offers factoring services - the purchase of other accounts for payment, as a large banking structure.
5. Entry.Cash - the ability to withdraw the crypto currency and the assets of the asset via free debit cards, transfer money from one account to another. The idea of Entry.Cash is to replace expensive and slow electronic payment services that charge a commission for every trivial operation.
The Entry ecosystem is multifunctional, solves the problems of private clients and commercial organizations. Business owners are offered API for creating their own payment instruments, issuing branded cards, analytics and statistics, reliable KYC. Ordinary users will appreciate the opportunity to make payments on IBAN, quickly exchange currencies, withdraw Fiat and buy shares without leaving the platform.
How is the ICO Entry going and what will happen to the project next?
The developers released 590 million ENTRY tokens according to the ERC20 standard, to participate in the ICO (June 1 - August 31, 2018) it is necessary to pass KYC. Investments are accepted in Fiat (euro, dollars, transfers from debit cards) and several types of crypto currency. The value of the token grows from 15 to 44 euro cents as new investors arrive. During the ICO, it is planned to realize only 325 million ENTRY.
The developers released 590 million ENTRY tokens according to the ERC20 standard, to participate in the ICO (June 1 - August 31, 2018) it is necessary to pass KYC. Investments are accepted in Fiat (euro, dollars, transfers from debit cards) and several types of crypto currency. The value of the token grows from 15 to 44 euro cents as new investors arrive. During the ICO, it is planned to realize only 325 million ENTRY.
The released tokens are distributed in the following proportion:
• 55% will be realized during the ICO.
• 20% will be transferred to the members of the development team.
• 17% will be retained for SCO - secondary coin placement at higher prices.
• 5% will be transferred to project consultants.
• 3% will be invested in Bounty company.
• 20% will be transferred to the members of the development team.
• 17% will be retained for SCO - secondary coin placement at higher prices.
• 5% will be transferred to project consultants.
• 3% will be invested in Bounty company.
The bulk of the profits will cover the costs of further development, research and marketing (82%), the remaining funds will cover expenses for Bounty, legal registration and operational activities (18%).
Figure 4. Application interface Entry: Crypto currency, debit cards and output - in one window
Work on the project started in 2015, the creators of the Entry signed an agreement with the national securities to accept payments in SWIFT, EU SEPA and register IBAN. MVP project is available from the first quarter of last year, the release of the beta version of a full-featured platform is planned for the third quarter of 2018.
What is a good project for an investor? The presence of a working version of the application, which solves the daily problems of individuals and large organizations. The potential development of the project and the size of the market are impressive. What are the chances of an entry for success? The partners of the developers were the projects Credits.com, Bancor and Welltrado.
Website: http://entry.money/
FB: https://www.facebook.com/entrymoney/
TW: https://twitter.com/EntryMoneyICO
TG: https://t.me/Entry_Official
FB: https://www.facebook.com/entrymoney/
TW: https://twitter.com/EntryMoneyICO
TG: https://t.me/Entry_Official
Author:dhavid19
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1795848
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