Ethereum One (ETO)

What is Ethereum One

Background

Traditionalfiat currencies such as the United States Dollar, theYen, orthe British Pound, are subject inflationary pressures, government interference, and tracking by the state and private enterprise. Over time the value of these currencies have gradually eroded. For example fifty years ago, with one United States dollar, you could go to a restaurant and buy a hamburger, french fries, a drink, and some desert. Today, it would difficult to find a restaurant where you can still buy a soda with one US dollar. The cause of this has been the gradual increase of the money supply by traditional banks and government. As such, with fiat currencies, there is no limit on the supply of currency issued to the market. In the long run, people have ended up losing their savings. When you use your credit card, banks and multiple agencies keep track of your purchases, and maintain a profile of you and your transaction history. In the meanwhile, at any time, you could be sued, fall into debt, and then have the bulk of your assets wiped out. These are some ofthe great problems faced by normal everyday people,that upuntil now, cryptocurrency can solve. In order to solve these compelling problems, a group of hard working businessmen have developed an Ethereum token called Ethereum One.

Project

EthereumONE wants to make a difference and that is what this project and mission is about. Our aim to make a difference for all the people that do not have a bank account. Ethereum ONE is a cryptocurrency and a decentralized project, and we would love to see people and businesses around the world to adopt what our project would do to help them, specially taking control of their own funds. Blockchain is one of the most amazing innovations in our lifetime and we're still in the early phase, We believe and trust on blockchain and know the potential and what it can bring to the 3 billions people with no bank account in the world .

Vision

The founders of EthereumONE envision a future where EthereumONE is widely accepted as a method of payment in all countries, and has become an important part of the traditional financial system. They see a world where everyday working people can store the value of their labour in a secure unit of value called EthereumONE. EthereumONE becomes the de-facto global currency, used by banks, insurers and everyday commerce, contributing to a frictionless world of commerce, where buying and selling is now greatly facilitated thanks to EthereumONE.