Decentralized economics makes rapid strides: shops and systems of finance already work on the blockchain. Ordinary users are looking at with distrust, because it is unclear how to get crypto out, where get it, for what expend and where advantageous exchange. The main problem is that there`s no simple single platform, which can collect all operations together.
Picture 1. The conception of Entry: blockchain is solving daily issues of users.
Entry Money` developers offer a clear platform that adapted to everyday bank operations. You can pay telephone bills, send money to your granny, exchange currency, take out money, buy stocks for crypto as an alternative tofiat currency.
What is Entry and how is it work?
The idea of the project is anonline-bank that will connect security of cryptocurrency technologies with the needs of real users. At the heart of the platform, there are smart contracts, low commission for quicktransactions.
Picture 2. Entry' advance is an adaptation of habitual functions to opportunities of blockchain.
Developers collected traditional functions of online-banking and adapted them to the blockchain.
1. Entry Money is service for paying of shopping. The app includes e-purse, service for exchanging currency, servicing of a debit card. Developers offer mobile and desktop versions, a full package of banking products such as deposit insurance, investment decisions, and deposits. Yeah, it looks like a regular bank, and the interface is simple and transparent. Now you can buy tickets to the opera, ingredients for dinner…all what you want… for cryptocurrency.
2. Entry Exchange is integrated exchanger for converting fiat money and cryptocurrency. Users can exchange one crypto to another, transfer digital money to fiat and conversely, buy and sell ordinary dollars, euro and, pounds. Service allows earning on trading, but the interface is simple (for ordinary users, not only for an experienced financier). Key benefits are direct conversion to fiat and absence of the minimum threshold for cash out.
Picture 3. Service for exchanging cryptocurrency and payment of accounts.
3. Entry Network is the platform for off-site developers, who want to adopt ecosystem for their needs. The company offers API for creating apps on the base of Entry, graphical analytics, and expectations for off-site traders and multi-currency account.The network is applied for the game on cryptocurrency exchange house, creating apps or asset allocation (private keys are kept in blockchain).
4. Entry Bank is banking service working on smart-contracts. There are normal debit cards for all, credit products, investment in native currency and in cryptocurrency. Developers offer the system of P2P lending – direct credits, which private persons provide. «Overborrow till pay day» only through blockchain. Entry Bank offer service of factoring – the redemption of other people`s accounts for getting the pay as a large banking structure.
5. Entry Cash is an opportunity to get crypto and fiat resources out by free debit cards, transfer money from one account to another. The Idea of Entry Cash is replacing the expensive and slow electronic payment services that levy commission for every trifling operation.
The Entry ecosystem is multifunctional and it solves problems of private clients and commercial organizations. Business owners are offered an API to create their paying instruments, issue of branded cards, analytics and statistics, reliable KYC. Ordinary users will assess the possibility of making payments for IBAN, exchange currency quickly, get fiat out and take stock in, without leaving the platform.
How is the ICO Entry going and what will happen to the project next?
Developers have realized 509 millions tokens ENTRY according to the standard ERC20, you need to pass KYS for participate in ICO (June 1 – August 31, 2018). Investments are accepted in fiat (euro, dollars, and transfers from debit cards) and several types of cryptocurrency. The value of token is increases from 15 to 44 eurocents as to new investors are appearing. It`s planed to implement only 325 millions ENTRY during ICO.
The issued tokens are distributed in the following proportion:
• 55% will be sold during ICO
• 20% will be transferred to members of the development company
• 17% will be saved for SCO – secondary placement coins for higher prices
• 5% will be transferred to the project consultants
• 3% will be invested in the Bounty company
The main part of profits will cover the costs of further development, research and marketing (82%), the rest will cover the costs of Bounty, legal registration and operating activities (18%).
Picture 4. The interface of the app Entry: cryptocurrency, debit cards and outputs in the same window.
Work on the project started in 2015, Entry` developers signed the agreement with national CB to accept payments in SWIFT, EU SEPA and to register IBAN. MPV of the project is available from the first quarter of the last year; issue of the beta-version of the full-featured platform is planned to 3rd quarter of 2018.
Why project for an investor is good? The availability of a working version or the app solves everyday problems of individual mans and large organizations. The project development potential and the size of the market are impressive.
What Entry` price…? As 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
Author on BitTalk: Melnikof https://bitcointalk.org/index.php?action=profile;u=1152502