EROSCOIN Platform: Multicryptocurrency Payment Gateway ICO

Bitcoin Press Release: EROSCOIN will make international transactions easier, helping the global financial system become more efficient.

September 27, 2017, Sydney, AustraliaEROSCOIN, the platform set to empower & enhance the payment systems on blockchain, is pleased to announce its upcoming ICO.

The ICO is for the development of an innovative blockchain utilizing peer-to-peer and value-of-transfer protocol to solve global payment problems.

By using a blockchain-based ecosystem, payments will be decentralized, thereby solving the problem of intermediaries inherent in traditional online payment gateways and improving transaction speed. Blockchain will also ensure privacy, enforce security, and facilitate global transactions in multiple cryptocurrencies between suppliers, distributors, businesses, and consumers, at a fraction of the cost.

Smart contracts will also be used to negotiate and close payment agreements between parties. Once an agreement has been established, smart contracts will verify the accuracy of payment and expedite it to the correct counterparty. This allows for a high degree of automation, without the need for human intervention.  

Smart contracts will also be made available for audit purposes, increasing the transparency of the process and security.

Traditional payments often come with high risks and restrictions attached, especially international transactions. A decentralized payment gateway like EROSCOIN which — accepts more than 500 cryptocurrencies — are much safer and less vulnerable to malicious attacks. Once payment is recorded and confirmed on the blockchain, it cannot be altered. The absence of human elements in all transactions reduces error and fraud.

The EROSCOIN platform uses a native ERO token as the preferred transaction cryptocurrency. The platform will issue 240 Million tokens that will be distributed as follows:

  • 50% will be offered to investors
  • 20% will be held by the foundation
  • 9% goes to the Advisory and Escrow
  • 10% will be distributed among charities
  • 10% will be held as reserve fund.
  • 1% goes to bounty participants

Investors can purchase ERO tokens using Bitcoin payments during the crowdfund. Funds generated during the ICO campaign will be used for core development, marketing, and community building activities.

Early investors can expect up to 45% bonus during the presale-ICO, and up to 25% bonus during the main ICO. All tokens will be generated during the ICO. Any unsold tokens will be burnt to conserve its value.

EROSCOIN will allocate 50% of the proceeds to development, 15% towards marketing, 10% towards reserve fund, 8% for operational work, 7% for general and administrative processes and 5% for legal work and content licenses.

EROSCOIN will launch in Q4 2017, along with the testnet launch of its web wallet, ERO Payment Gateway Sandbox, and the alpha version of EROs mobile wallet. The launch will be followed by final testing of the web wallet later during the same quarter.

The development and testing of core features will continue through the first half of 2018, with all main features being finalized by the end of Q2 2018.

For more details, visit https://eroscoin.org/

Media Contact
Contact Name: Paul H.
Contact Email: support@eroscoin.org
Location: Sydney, Australia

EROSCOIN is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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Waves Platform and Higher School of Economics Partner for Pro FinTech Startup Program

December 28, 2016, Moscow, Russia – Business Incubator of Higher School of Economics in Moscow has announced the second year of fintech startup program HSE{Pro}Fintech. Official partners of the fintech section are Waves, the decentralized platform for crowdfunding and community management and National Settlement Depository.

FinTech applications

The Incubator recently launched the second round of its {pro} fintech programme. The program aims to develop projects in the field of financial and blockchain technologies, in particular services for banks and their customers, personal finance management systems, peer-to-peer services, investment systems, payments, transfers and other fintech products.

Whilst Bitcoin has pioneered peer-to-peer online money transfer for almost 8 years now, Blockchain 2.0 technology is still in its relative infancy. A number of decentralised asset exchanges have already been created, including on the Nxt, BitShares, and Counterparty platforms. However, none of these have achieved significant traction, for a number of reasons. Firstly, they were small ecosystems. The assets traded generally had low liquidity and high spreads, and being decentralised platforms there was little accountability and a large proportion of low-quality and fraudulent assets. Regulations were practically non-existent. Additionally, trading was slow due to inherent block-time limitations of the blockchain. This made it almost impossible to attract legitimate new businesses and for these early decentralised exchanges to achieve critical mass.

New solutions

Waves platform is aiming to bring solutions to all of these problems with its Waves’ DEX (decentralised exchange), which has just been released on testnet. It allows any token to be traded directly against any other token – rather than trading two tokens separately against a reference currency, as most other platforms require. Moreover, it features an innovative new system that enables trades to be executed in near real-time via a “Matcher”, enabling high-frequency trading but still be settled on the blockchain for security.

Additionally, fiat gateways are in the process of being created to allow the use of blockchain-based EUR, USD, CNY and other major currency tokens. Gateways, which act as on- and off-ramps between the traditional financial sector and the blockchain, are responsible for remaining compliant in their regulatory jurisdictions. Thus, the Waves DEX allows for speed, security, and compliance.

Learn more about Waves at – https://wavesplatform.com

Media Contact

Contact Name: Evelina Lavrova
Contact Email: evelina@wavesplatform.com
Contact Phone: +79165775866
Location: Moscow, Russia

Waves Platform is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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