ETOKEN is a crypto currency that acts as an income generating digital asset. ETOKEN has been selected to be used as collateral and pay interest. The project creates multiple methods of payment with varying levels of return dependent on how and where it is held. Hence investors can earn a higher level of income by holding ETOKEN.
Current Status
ETOKEN has a listing agreement and would be launched within a month of funding. ETOKEN will have use of a team that has launched a multibillion-dollar crypto project in the last 18 months. A preliminary agreement to be used as collateral and pay interest on tokens.
Market
The overall all market for crypto is around 2.5 trillion and ETOKEN hopes to take a significant portion of the market overtime as much as 0.03%. Initially ETOKEN will be available to all market participants everywhere through MetaMask but more specifically to the primary brokerage customers that number in excess of 5 million active accounts with a daily turnover of billions of dollars.
A significant portion of sales will be to savvy crypto investors that want to add new cryptos to their holdings that anticipate extreme growth as far as price appreciation. Anticipated sales will be worldwide with a majority coming fr om Europe and North America. ETOKEN additionally plans to do well in Asia wh ere MetaMask accounts are primarily used. Future sales as a remittance token and for use in international payments may be significant in terms of future growth and volume of sales while the addition of ETOKEN as an intermediate in credit card transactions has been discussed with a major credit card company.
Problem or Opportunity
ETOKEN identifies the main hurdle to crypto investing is volatility caused by short term crypto holders. This will be overcome by paying holders of ETOKEN through multiple methods such as through interest of nearly 30 percent in lending, staking for time deposits. payment to liquidity providers and passive holders in decentralized exchanges. In fact, ETOKEN offers more payment methods than any other crypto on the market and can be made compatible with major credit cards.
Competitors
There are approximately 10,000 crypto that are recognized of which fewer than 500 are listed on anyone of the 1000 brokerages worldwide. The vast majority are vanity projects with no active management or listed on a brokerage and could be considered working prototypes or abandoned projects. ETOKEN has been selected as one of only 2 new projects to be launched by an industry leading brokerage. Some cryptos have one similar feature to ETOKEN but most have no features at all that pay passive income, and none have all the passive income streams provided by the project.
Advantages or differentiators
ETOKEN has a lot of differences than competitors in that it has been chosen a one of only 2 projects to be listed fr om a pile of thousands. Part of what makes ETOKEN different is that it is designed to make passive income for holders in every way imaginable in fact more ways than any other crypto on the market. ETOKEN is a digital asset that creates different levels of income depending on wh ere and how it is held whether in lending, staking providing liquidity on nodes or held in decentralized wallets. ETOKEN was originally designed to work on a similar method to cashback rewards for credit cards and has preliminary plans to become fully compatible with credit cards, payment and remittance systems. ETOKEN will have a team that has launched another major crypto that achieved a valuation in the billions and grew steadily in 18 months.
Finance
ETOKEN anticipates selling its entire reserve of ETTOKENS and this has been valued at 50 million by the brokerage and deriving future income from its market maker which generates one tenth of one percent per transition or $1000 per 1 million in sales and it is not uncommon for as much as 50% of the float to exchange hands in a day in crypto so this could amount to 25 million per day in volume. Additional income is generated through sales on decentralized exchanges however is not included in the overall estimate.
Loan terms
6 months
Interest rate, %
25
Business model
ETOKEN plans on selling its tokens through licensed brokerages globally and adding new brokerages continually. Therefore, ETOKEN uses a business to consumer model with advertising mainly focused on 2 segments being existing brokerage customers and new customers which would either use the brokerage, MetaMask or crypto wallets.
Solution (product or service)
ETOKEN will be available to millions of crypto accounts on day one and be used in a number of contests and quizzes. Trading in nearly 200countries and available for listing on every crypto exchange in the world on day one.
Risks for ETOKEN are minimal as ETOKEN has an existing listing agreement. The project has a high level of traction as far as recognition and plans on going advertising to increase recognition and increase volume. Once ETOKEN is included as an interest paying asset its uses will grow, and holders can achieve returns similar to credit card interest. ETOKENS design is completely vetted by Binance and the listing brokerage has examined every aspect of ETOKENS programing and plan. ETOKEN once in the brokerage is insured against theft or other loss.
ETOKEN will initially be valued at 250 times the loan value by the brokerage and its estimated market maker income is estimated to be far greater than the loan in the first month. Additionally, the market maker will hold a mixed bag of crypto equal to the loan. ETOKEN intends to set aside all income from the project until the loan is repaid.