EQ Token will use blockchain technology as a much better and more efficient way of equity crowdfunding
About EQ Token
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 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.
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
So, why would raising money using blockchain be any better than the current methods?
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
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.
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
We will charge a registration fee for every project of $200-$300. This is to review each project, evaluate businesses and give the project a risk rating.
We will charge a 4% fee on every fully funded project.
We will own 3% of the tokens from every project.
We will charge a 2% fee on all dividends.
We will charge a 0.25% fee on any trading of tokens on our website.
The above means that if a project has raised $200,000, the business raising money will receive $192,000 and the investors will receive a share of 97,000,000 tokens. This method of taking fees will share the burden, on more well-known crowdfunding websites, the funding received by the business would be under $185,000.
The benefits of using blockchain over current crowdfunding methods are:
We are our own payments service
100% control of your equity tokens
Equity in return for any sized investment
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!
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
Release of whitepaper – Completed
We will start our advertising campaign through the use of a bounty program in January 2020
IEO release to sell 70m EQ20 tokens for $0.05/token to raise $3.5m needed to get EQ Token off the ground with enough capital to expand quickly across Europe
Start to hire EQ Token core team and open UK and European offices
Aim to open offices in the US and further develop the EQ Token team and business
James Borland – Founder
BEng in aerospace engineering. James has experience working across different engineering backgrounds (Process Eng/ Mechanical Eng/ Manufacturing Eng). James has been involved in small scale investing in the cryptocurrency markets for 3 years.
Samantha Borland – Marketing Director
First Class Bachelors (Hons) in Marketing with experience working in the security industry as well as property development and management
It is currently just the 2 of us trying to secure funding for this start-up with the help of several external contractors that have helped with sales\marketing strategies. As soon as we reach our minimum target in the IEO we will be able to hire a full team to make a proper start on the project.
For More Information Click Link Bellow:
Website : https://www.eq-token.com/
Telegram Group: http://t.me/eqtokengroup
Telegram Channel: https://t.me/EQToken
Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=5220944.new#new