ENDCHAIN LOGISTIC SOLUTION
Dear reader, Just as my usual practice of bringing valuable and profitable information across your way, let me quickly give you information about this great innovation known as "ENDCHAIN".
What is EndChain?
EndChain is a utility token that changes the way logistics is handled throughout the industry in a cost-effective way
How will it work?
EndChain aims to cover each sector of the supply chain, including the second hand market. Our product will be affordable, allowing even every day goods to be tracked on the blockchain. Additional functions for communications among the supply chain & allowing to set up subchains, further enhances the relevance of the product for the supply chain.
The platform uses the QR code EndChain. It is unique in that it includes a barcode in the QR code. This design makes it easy to use, because EndChain users will know how to scan only the code found on the package. Other companies that rely on outdated barcode technology will be able to scan the embedded barcode. Thus, EndChains QR code creates a special code for working with any type of system. An additional advantage is that a single code can update both a blockchain and any internal legacy systems with a single scan. The purpose of this is to reduce complexity and increase efficiency.
A compact company can only be as strong as its economy. EndChain is committed to both its corporate users and investors. To ensure that the needs of both are met, a deflationary self-regulating economy will be used. Corporations will be encouraged to buy and hold EndChain tokens for the purchase of QR codes, the conclusion of contracts and access to the data stream.
The percentage of fees associated with these features will be “burned” to reduce the number of tokens. If EndChain’s market value remains unchanged, the price of individual tokens will increase.
To succeed, a token needs a thriving market. Tokens that are not used have no purpose for investors. In addition, tokens that do not have a constant number of buyers create unstable prices. This is why EndChain focused on providing a lively market, attracting companies to buy EndChain tokens. Using our tokens, companies can receive a discount on our qr codes, big data and smart contracts.
If the market for EndChain is down, more tokens will be required to pay for each order. When more tokens are used, more will be burned; thus increasing the price until it reaches equilibrium. As a result, it is safer to keep EndChain for a long time, because there are measures to protect against price reduction. Thus,EndChain will have a self-adjusting system that provides stable savings.
A percentage of the fees associated with these functions will be 'burned' to reduce the number of tokens in existence. Shall the market value of EndChain stay the same, the price of individual tokens will rise.
Economics
A token needs a thriving marketplace to be successful. Tokens that are not being utilized serve no purpose to investors. Additionally, tokens that do not have a consistent steam of buyers creates unstable prices. This is why EndChain has focused on ensuring a lively market by engaging companies to purchase EndChain tokens. By using our tokens, companies can receive a discount on our qr codes, big data and smart contracts.
Who is interested in EndChain?
EndChain provides a complete and cost-effective logistics package that benefits all parties of the supply chain. While most utility tokens focus on high end goods, EndChain focuses on the low to middle market, an area that has been ignored for too long. EndChain is able to enter this market due to the ease and low price of our system compared to other utility tokens which focus on expensive NFC chips or manual entry.
How does this help EndChain buyers?
With a large base of potential customers, EndChain can immediately get to work selling our product. 2-4% of the revenue generated from sales will be dedicated to burning EndChain tokens. This will help decrease the number of EndChain tokens in the long term; thus increasing the price. As most companies need to plan ahead and budget, they are likely to buy and hold an amount of EndChain tokens. This will create strong support for the EndChain market.
Self-correcting System
Should the market for EndChain be depressed, more tokens will be needed to pay for each order. When more tokens are used, more will be burned; thus driving the price up until equilibrium is reached. As a result, its safer to hold EndChain for a long duration of time as there are protections against price decreases. Thus, EndChain will have a self-correcting system which allows for a stable economy.
ENCN TOKEN
Upcoming Exchanges
The EndChain team combines a passion for logistics, finance and marketing and is committed to quickly listing its token on exchanges
ICO DETAILS
THE ENDCHAIN ICO STARTS ON DECEMBER 1ST, 2018 AND RUNS UNTIL JANUARY 15TH, 2019
Should the token sale be fully funded and reach the maximum amount of allotted tokens sold, the ICO will cease and work upon the project will immediately begin. The primary goal of the ICO is to establish EndChain as a single solution for logistics problems across the supply chain. The token sale will continue until all tokens are sold or the time limit is reached. There will be a minimum funding threshold of $4 million USD and a hard cap of $15 million USD.
ICO STRUCTURE
The EndChain ICO will consist of 5 rounds over the prespecified time. Rounds will be based on the amount of tokens sold and will feature a live counter to track the progress. To reward early adopters of EndChain, earlier rounds will have a larger bonus. The next round will start when the previous round is fully funded. The rounds and their respective fundraising goals and bonuses can be found in the table below.
To encourage investments throughout the ICO process, the last stage will feature 5 giveaways. Each giveaway will be for 40,000 EndChain tokens. These tokens are identical to any other token in the EndChain platform. The winners will be randomly selected with each investor receiving an entry for each token purchased.
TOKEN DISTRIBUTION
The majority of tokens will be distributed via the ICO to decentralize control and raise enough capital to cover the cost of pushing EndChain throughout the supply chain process. The other tokens will be split into four categories: future development, team, leadership and advisors. Future development regards all possible business aspects. This includes, but is not limited to: bug bounties, tokens to corporations to boost participation and future development costs. The leadership and advisor tokens are given as an incentive to keep the team working and to ensure all employees are invested in the company’s well-being. The coins will be locked in a smart contract for one year, with quarterly distributions. The tokens for team members will be divided amongst the team dependent upon their position and quality of work.
FUND USE
Product development will be the focus of most of the funds. As a technology company, we will focus on reducing other costs so that our main product will be viable quickly and work flawlessly. The second largest use of our funds will focus on marketing and sales, which will focus on acquiring users across the supply chain to use our product. A wider adoption of our token will allow for a larger demand of our token and data, which will increase the consumption and price of the ENCN token.
Development. Most resources will be directed to the continuous development of EndChain. The goal is to first achieve a viable product in order to start obtaining customers. Then EndChain will perfect the product via listening to customer’s experiences. Development includes: developing APIs, developing the chain infrastructure and a user friendly UI.
Marketing. The main goal of marketing will be to encourage the use and adoption of EndChain tokens among manufacturers and transportation companies. Some marketing material will also be provided for end consumers to learn how to use the chain
General and Administrative. To support the development and marketing team, allowing them to focus on the main tasks of creating the product and widespread adoption. This balance will also cover overhead and miscellaneous fees
Legal. To ensure the whitepaper, blockchain and token are within legal compliance and regulations.
Security and Compliance. To further develop, test and check the security of the blockchain and any access points.
Roadmap
November 2017
Development of the EndChain concept
February 2018
Whitepaper v1 completes the flow design process
June 2018
Discussion with a patent lawyer
August 2018
The first version of a unique QR code / EndChain bar code
Different versions are being tested for efficiency
January 2019
Finish from crowdsale
Token distribution follows internal and external audits
December 2018
Start crowdsale tokens *
October 2018
Prepare ICO and reach potential partners *
Get pending patent status
September 2018
Launch of www.EndChain.io
EndChain White Paper release that has been completed
1Q19
Develop a beta smart contract library
Development of a basic KYC framework
Prepare strategic partners for early adoption
2Q19
Direct communication infrastructure
For an API to easily use our system
3Q19
Complete test platform for contracts
Alpha testing of the Minimal Viable Prdoduct through an existing application with the main partner
4Q19
Beta testing of the application, launching beta to more partners
Improved UI and UX to the application
4Q20
Big data analytics open
Further development and features will be announced
3Q20
Full version of application launch
2Q20
Improvements for reporting and fraud allocation
Train AI to recognize patterns in fraud
1Q20
Discuss with beta testing users and update the application based on suggestions
Improve application functionality and backend integration
if you are interested in joining the ENDCHAIN project, it's a good idea to read reviews that can help you get information that might help you in seeing their vision and mission, because it's important to understand accuracy in reviews so you don't hesitate in investing.
For more information please follow the following sources:
WEBSITE: https://www.endchain.io/
TWITTER: https://twitter.com/EndChainIO
FACEBOOK: https://www.facebook.com/EndChainIO/
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