EndChain (ENCN)ICO EndChain is a patent-pending blockchain utility company that is focused on bringing mass adoption of blockchain tracking to all markets. Our patent-pending QR and barcode combination allows EndChain to have 2 distinct advantages in this market: integration and price. 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 EndChain
Existing logistics companies and manufacturers see the benefit in blockchain tracking, but are hesitant to revamp multi-million dollar systems. EndChain allows corporations to easily extract both the generic barcode data and the item-specific blockchain QR code data at the same time. As EndChain\'s program will be running in the background of existing systems, our combination code will be easily identified by our program and the generic data will be entered into legacy systems for traditional logistics and manufacturers. Simultaneously, the blockchain will be updated with the item-specific blockchain data. EndChain brings blockchain benefits at a fraction of the cost to all products. The vast majority of solutions in the market rely on NFC chips or manual entry of data into the blockchain. EndChain will create an API that allows corporations to automatically generate and update the blockchain as well as print our codes directly on their packages, thus drastically reducing the price. This will allow low to mid-cost goods, such as organic food, to become blockchain enabled products.
Simple to use
The EndChain QR code is unique in that it incorporates a barcode within the QR code. This design allows for simplified use as EndChain users will know to scan the only code found on the packaging. Other businesses which rely on legacy barcode technology will be able to scan the embedded barcode. Thus, EndChains QR code creates a singular code to work on any type of system. An additional benefit is that the single code can update both the blockchain and any internal legacy systems with a single scan. The goal of this is to reduce complexity while increasing efficiency.
Value creation
A blockchain 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 in order to purchase QR codes, make smart contracts and access the data stream. 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.
DetailsPre-sales: Dec 01, 2018 - Jan 15, 2019Public sales: Feb 01, 2019 - Apr 30, 2019 Token supply: 135,576,931 ENCN Total tokens for sale: 74,567,312 ENCN Soft cap: 4,000,000 USD Hard cap: 15,000,000 USD LegalBlockchain Platform: EthereumRegistration country: Hong Kong Registration year: 2018 | Token infoTicker: ENCNType: Utility-token Token standard: ERC20 Token price in USD: 1 ENCN = 0.24 USD Accepted currencies: BTC, ETH, BCH, LTC Bonus program: Pre-ICO: Round 1 (USD 1.5m): USD 0.16 (50% bonus) ICO: Round 2 (USD 3.0m): USD 0.18 (35% bonus) Round 3 (USD 3.5m): USD 0.20 (20% bonus) Round 4 (USD 3.5m): USD 0.22 (10% bonus) Round 5 (USD 3.5m): USD 0.24 (5 raffles; 40,000 tokens each) Token distribution: 55% ICO 22% Future Development 10% Team 5% Leadership 5% Advisor 3% Bounty Funds allocation: 60% Development 25% Marketing & Sales 5% Security & Compliance 5% Legal 5% G&A |
EndChain Roadmap
Development of EndChain concept
Whitepaper v1 completed design process flow
Discussions with patent lawyers
First working version of the unique EndChain QR code/barcode
Different versions being tested for efficiency
Launch of www.EndChain.io
Release of a finalized EndChain Whitepaper
Setting up ICO and reaching out to potential partners*
Obtain patent pending status
Start token crowsale*
Finish of crowdsale
Token distribution following internal and external audit
Develop beta smart contract library
Basic KYC framework development
Prepare strategic partners for early adoption
Direct communications infrastructure
Create API for easy use of our system
Complete test platform for contracts
Alpha-testing of Minimal Viable Prdoduct through existing app with leading partner
Beta testing of the app, roll out beta to a more partners
UI and UX improvements to app
Discuss with beta testing users and update app based upon suggestions
Improve app functionality and backend integration
Improvements for fraud reporting and allocation
Train AI to recognize patterns in fraud
Full version of app launch
Big data analytics opens
Further development and features to be announced