EQ Token

 new method for crowdfunding equity on blockchain


EQ Tokens   will be a new method of equity crowdfunding that will allow even the smallest investors to get equity in return for their investment. All investment applications on   the EQ Token website   need to offer a portion of their business for a certain amount of money. If successfully funded, a token will be generated for this business. This token will be distributed evenly among investors based on the size of the investment. Holding this token in  your digital  cryptocurrency  will allow us to send you company profits. You will also have the opportunity to sell your tokens at any time on our own token exchange.


The 2 main objectives of   EQ Tokens   are to:

1. Give new companies and existing businesses the opportunity to quickly raise money in return for equity.
2. 3. Provides investors with any measure of ability to become an equity stakeholder in a company. Currently the   blockchain is   seen primarily as a platform for   cryptocurrency  .

EQ Token   plans to use the   Ethereum blockchain   for what is intended:

As a distributed computing platform and a public-based distributed operating system with   blockchain  . This basically means we will use Ethereum as the world's computer. This will be used as an investment platform and as a way of tracking share ownership in certain companies.

Why   Blockchain  ?

So why is raising money using   blockchain   better than the current method?

● Costs

The crowdfunding method currently has quite high costs. This is due to the fact that crowdfunding companies are rarely able to handle financial transactions themselves and often have to pay third parties for this service.
Using   cryptocurrency  , we will be able to easily handle all transactions on our own, continuing financial savings to our customers

● Equity

Most crowdfunding companies cannot offer equity in return for investment because it is too difficult to track precisely who owns what and easily sell shares. By using Ethereum's smart contracts, we can easily divide a portion of 20% in the company into billions of small shares that can be traced back to individual Ethereum wallets to enable the distribution of profits (dividends) or the sale of tokens.

● Ownership

Since the first day of creating a token for a new project, you have 100% ownership of your token. You can send them to whoever you want, exchange them for whatever you want or even store them in an offline location to keep them safe. This type of freedom and ownership only comes with a   blockchain

The Future of Crowdfunding

EQ Token   will use   blockchain technology   as a way of crowdfunding equity that is far better and more efficient.
The benefits of using a   blockchain   from an investor's perspective are:
● Small investments can be easily tracked and provided with a proportionate proportion in the company through the use of tokens
● Profit sharing can be distributed evenly and easily to all investors
● Investors can also be given voting rights which can be verified by the number of tokens they have in their online wallet (this feature will come later)
This token can be sold privately to other investors or sold on our own token exchange at any time.

Benefits for company listings on our crowdfunding platform are:

● The company register will pay a small fee (used to validate listings, <$ 350) and the collection / verification of money is carried out by our service.
● They can offer a portion of their company, which we will legally hold. We can then convert this to 100,000,000 tokens to be sold to investors
● Any quarterly / annual profit share is then given to us which we can distribute equally to all token holders
● In the event of a failed crowdfunding project where the goal is not achieved within the permitted time frame, we can return the investment received

Cost

We will charge a registration fee for each project of $ 200- $ 300. This is to review each project, evaluate the business, and give the project a risk rating.
● We will charge a 4% fee for each fully funded project.
● We will have 3% tokens from each project.
● We will charge a 2% fee for all dividends.
● We will charge 0.25% for each token trade on our website.
The above means that if a project has raised $ 200,000, the business that collects money will receive $ 192,000 and the investor will receive a share of 97,000,000 tokens. This costing method will share the burden, on the more popular crowdfunding sites, the funds received by the business will be under $ 185,000.

Projection

My projection for the first 12 months after launch is that we will raise a total of $ 4 million for business, which means that our revenue from this year is $ 160,000.

The benefits of using a  blockchain  from an investor's perspective are:
● Small investments can be easily tracked and provided with a proportionate proportion in the company through the use of tokens
● Profit sharing can be distributed evenly and easily to all investors
● Investors can also be given voting rights which can be verified by the number of tokens they have in their online wallet (this feature will come later)
This token can be sold privately to other investors or sold on our own token exchange at any time.

Benefits for company listings on our crowdfunding platform are:

● The company register will pay a small fee (used to validate listings, <$ 350) and the collection / verification of money is carried out by our service.
● They can offer a portion of their company, which we will legally hold. We can then convert this to 100,000,000 tokens to be sold to investors
● Any quarterly / annual profit share is then given to us which we can distribute equally to all token holders
● In the event of a failed crowdfunding project where the goal is not achieved within the permitted time frame, we can return the investment received

The benefits of using   blockchain   compared to crowdfunding methods now are: 

● Lower costs
● We are our own payment service
● Control 100% of your equity token
● Equity in return for investments of any size
About the project and its features
It is important to note that the entire essence of the project is based on its own EQ Token, which will act as the main investment vehicle for the new crowd investment available in the decentralized network. Uncovering unlimited potential for everyone who wants to participate in investments in new startup projects, as well as existing companies.


Token-sale

  • The EQ20 token will be used to raise funds to help start the EQ Token. There will be 70 million tokens sold in total in the initial EQ Token exchange offer at a price of $ 0.05 per token to help raise $ 3.5 million.
  • Token sales will last for 30 days and our minimum target is to sell 35m tokens. If we do not reach our minimum token sales target within the timeframe, all funds will be returned to investors.
  • The 1m EQ20 token will be used for promotional purposes to help increase awareness of the EQ Token and what we plan to achieve (mostly through social media competitions).
  • There will be 4m EQ20 tokens that will be used to reward participants in our prize program. These tokens will be paid 1-2 months after successfully completing IEO.
  • The remaining 25m tokens will be stored by the core development team and can be used to pay for external contractors.

Roadmap

●  November 2019

Whitepaper release - Complete

● January 2020

We will begin our advertising campaign through the use of the bounty program in January 2020

● Q2 2020

IEO release to sell 70m  EQ20 tokens  for $ 0.05 / token to collect the $ 3.5m needed to get EQ Tokens from land with sufficient capital to develop quickly throughout Europe

● Q3 2020

Started recruiting the core team of  EQ Tokens  and opening offices in the UK and Europe

●  2021

Aim to open an office in the US and further develop the EQ Token team and business 

Tim

● James Borland - Founder
In aerospace engineering. James has experience working in a variety of different engineering backgrounds (Eng Process / Mechanical Engineering / Eng Manufacturing). James has been involved in small-scale investments in the cryptocurrency market   for 3 years.
● Samantha Borland - Director of Marketing
First Class Bachelor (Hons) in Marketing with experience working in the security industry as well as property development and management

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