What is ENTRY project?
What is ENTRY project?
ENTRY is a blockchain-based banking service designed to increase the flow of cryptocurrencies in the real economy. It is an AI empowered multi-utility financial platform. ENTRY is designed to allow people to use fiat as well as crypto currencies in their day-to-day purchases without really having to be concerned about the technology behind the system. ENTRY envisions becoming a truly global bank in the post fiat world. Its entire framework is structured to enhance utility of all crypto Tokens and simultaneously facilitate all those who still want to transact in fiat. ENTRY’s suite of products allows it to touch the financial lives of every crypto user and change it for the better.
The ENTRY platform is based on blockchain technology and makes use of smart contracts. The aim of the platform is twofold.
First, it will act as a bank where users can store their cryptocurrency tokens, make payments and lend money out.
They will also be able to transfer both cryptocurrency tokens and fiat money internationally, as well as make use of withdrawal services like ATMs.
The second aim is to function as a cryptocurrency exchange for businesses and private persons.
How does The ENTRY work?
The general idea is to allow consumers to purchase goods and services online for cryptocurrencies, and the merchants to be paid in fiat money.
The online exchange will allow merchants to do conversions on the platform.
This will ensure they get the right price (minus the transaction fee) and avoid fluctuation and differentiation.
The only fiat currency that will be available in the beginning will be EUR, as the ENTRY project will target the Eurozone first.
The plan is to eventually expand to the global market and cover all fiat currencies.
Why the ENTRY?
The global financial crisis revealed significant weaknesses in the existing financial system and some of the vulnerabilities have already exhibited their impact on the interconnected global market. The world economy is still struggling with sluggish real growth today. Transferring money for remittance, money lending across international borders is still very complicated, time consuming and expensive. Existing systems running on traditional banking channels are slow and full of intermediaries, higher exchange rates, counter-party risks, bureaucracy and extensive paperwork9 . ENTRY’s business model is focused on disrupting the existing pillars of finance who only act as toll-keepers without providing any value-add to consumers and businesses. Removing the numerous intermediaries would make the system faster, more secure and cost-effective for all involved.
ENTRY is a blockchain - based platform empowered by smart contracts; it which not only acts as a bank by offering easy deposits, payment and lending services, cross-border payments, ATM facility/convenient withdrawals, but also as a cryptocurrency exchange for the business and consumer world.
Mission Statement:
To be the gateway between traditional and new financial paradigms and systems led by cryptocurrencies and empower the financial ecosystem to have a framework that allows for inter – operability between the two.We aim-To help cryptocurrencies achieve suitability for everyday transactions and open the world of crypto-finance to every citizen.
1. To keep a transparent record of all the transactions in the ecosystem.
2. To expand the use of cryptocurrencies for purchase and payments across the business world.
3. To create a simple and all-in-one platform to revolutionize the traditional methods of dealing with banking systems.
4. ENTRY’s suite of comprehensive banking products and services will ensure a new benchmark in banking and financial services.
Entry.Exchange
Centralized and p2p ultra-fast and instant cryptocurrency exchange. High security standards, beginner friendly and supported worldwide service.
Entry.Network
Open source code, wallet, custom blockchain, smart contracts, and custom Token creation platform.
Entry.Bank
Blockchain technology enables fast and hassle-free cross border payments at a very low cost.
Entry.Cash
Cash machine/ATM system. Transfer, cash out or top up with cash (using agents or cash machines).Payment gateway for POS (real shops, service providers). It will also look to have payment cards inthe future for ease of access for both fiat and crypto.
ENTRY Token Details
re electronic and virtual currency tokens that will flow in the ENTRY ecosystem. This is the Token currency of the ENTRY platform used for peer-to-peer transactions and micro payments. This will be the medium of exchange for transacting on the platform and utilizing ENTRY's banking and financial services.
Before the launch of the ENTRY platform, will undergo sales training Token. Funds raised in
ICO will be used by the team to develop the ENTRY platform.
Ticker Symbol ENTRY
Token Background based on ERC-20
Utility Token Type
Sales Date Token 17 April - 17 July 2018 (Temporary)
KYP / AML Required For all ICO participants before or after
purchase
United States Limited (Please check the laws of your Country previously
participated)
SOFT CAP 25,000,000 ENTRY / 2.500.000 EUR
HARD CAP 325.000.000 ENTRY / 80.500.000 EUR
Status of the MVP Project Ready
TEAM Ready
License Money Institution Ready
Currency Received for ICO Fiat Currency: EUR, USD,
Cryptocurrency Debit Card : ETH, BTC, BCH, LTC, DASH
and more
Total ENTRY Coins 590,000,000 million
For more information:
Website : https://entry.money/
WhitePaper : https://entry.money/ENTRY_Whitepaper_v1.pdf
Ann thread : https://bitcointalk.org/index.php?topic=3229958.0
Twitter : https://twitter.com/EntryMoneyICO
Facebook : https://www.facebook.com/entrymoney/
Reddit : https://www.reddit.com/r/EntryMoney/
Linkedin : https://www.linkedin.com/company/entry-money/
Whatsapp : https://chat.whatsapp.com/BUkzyIMqew3Gx7G40HVa70
Telegram : https://t.me/Entry_Official
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373