Empowr (EMPR)ICO Empowr is a democratic social economy, currently in open alpha with 800,000 active test users who earn currency by selling or sharing physical or digital goods and services, posting and sharing content, and much more. Users self-govern by electing the company’s president, senators and congresspersons. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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What is Empowr
empowr is a solution that combines social media, e-commerce, digital currency and online education in an attempt to shape a democratic social economy. Users can earn empowr coins (EMPR) by performing various actions, such as posting content, commenting and liking posts by other users. The participants can set daily goals and close loops of interaction with fellow users.
All empowr coins are stored in an empowr wallet. They can be used to buy anything in the empowr ecosystem and marketplace.
DetailsPre-sales: Apr 01, 2018 - Apr 15, 2018Public sales: Apr 16, 2018 - Jun 30, 2018 Token supply: 500,000,000 | Token infoTicker: EMPRType: Cryptocurrency Bonus program: the coin supply is distributed for free Token distribution: 100% - community |
Empowr Roadmap
Initial Coin Supply
Beginning on April 15th, 2018, empowr will commence a token distribution event that will disperse 500 million units of empowr coins, constituting 100% of the initial available liquid supply.
In line with its democratic ideals, empowr will distribute the entirety of its initial coin supply to the community for free. Recipients will include empowrs community of users, success coaches, advisors, partners and employees. Thousands of cryptocurrency enthusiasts will also be provided empowr coins completely free of charge.
User minting
Following the token distribution event, empowr users will be able to mint coins by posting and sharing.
To enable the minting of coins, each month the empowr smart contract with release newly minted coins to the empowr marketing and compensation engine. Each months coin release will be exactly 1 percent smaller than the prior months release in perpetuity, diminishing to near-zero in the future.
On June 15th, empowr will host their 4th presidential election where the users will elect from among themselves the next empowr president.
Upon the completion of the empowr alpha phase and launching the beta phase, empowr will officially open
the app platform to application developers around the world.
Developers will instantly benefit from the viral growth of their applications within the social feed of empowr
citizens, virtually all of whom have funds maturing in the account balance, that that can spend with just one
click to purchase apps or conduct transactions within apps.
AID: Helping Developers Succeed
Under a program titled AID (Application Innovation Dollars) empowrs marketing and compensation engine
will materially reward developers that deploy apps that, specifically, work to create earning opportunities for
empowr citizens.
AID will help these apps achieve critical mass and profitability by not just promoting their apps and bringing
them customers, but by subsidizing a portion of the compensation that these apps provide to their app workers,
thereby fast-tracking theirsuccess.
As a result, there will soon be hundreds and then thousands of new ways for citizens to earn within the
empowr ecosystem. Its not hard to envision multiple Uber or Airbnb clones competing within the empowr
ecosystem, operating with the advantage of having a captive audience that all have funds that they cannot yet
cash out due to maturation requirements (described earlier)
funds that they can spend on or within these
apps immediately.
empowr believes that this approach will ensure millions of consumers will favor utilizing apps located
within the empowr ecosystem over those on the outside. This phenomenon gives empowr apps a significant
strategic advantage that they will use to achieve network effect lock-in faster, while also helping to break any
lock-in effects already achieved by external apps in virtually all industry verticals.
Its not farfetched to predict that these apps will be able to quickly succeed, as theyll be able to pay their
workers much more in their first and most important months because those payments to their workers are being
subsidized by empowr AID.
As word spreads that the empowr ecosystem is the best place to launch apps; and as the apps that offer
economic upside (IE: work) to their users are materially assisted (by empowr AID) in their ability to bothattract
customers and pay their workers; demand for the empowr currency will continue to grow
With the addition of the empowr app platform, brick and mortar stores can begin accepting empowr coin as a form of payment, as well as integrate their inventory into the empowr marketplace.
Below are some of the products and features that empowr is actively examining, designing and/or
developing.
empowr believes that by building these features in unison designed to be compatible and interoperable
with each other - each of them has a markedly higher chance of adoption and success, giving empowr a quicker
and more secure path to the accomplishment of its mission:
Decentralized Social Network
Decentralized Marketplace
Decentralized Banking
Decentralized Transportation
Decentralized Customer Service
Decentralized Collateral System
Decentralized Educational system
Decentralized Trust system
Peer-to-peer Crowdfunding
Distributed Judicial System
Distributed Cloud
Decentralized Personal Data Locker
Decentralized Messaging and Communications
Decentralized Applications
Decentralized Voting
Smart Contracts
Platform for Anonymous Agents
Decentralized Reputation System
Uncensorable Content
Distributed Social Energy Grid
Trustless Transactions
Decentralized Identity
Support for Internet of things