ENTRY- A BANKING PLATFORM FOR THE BLOCKCHAIN WORLD
INTRODUCTION
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. ENTRY's suite of products allows it to touch the financial lives of every crypto user and change it for the better.
Chye Kin Wee
Head of Cash Management and Transaction Banking -
Asia Pacific, BNP Paribas
“Organizations operating across borders face continuing
challenges to reconcile diverse domestic rules that cut
across any initiative to work toward uniform modes of
operation.”
About ENTRY business in short
ENTRY is a blockchain - based platform empowered by smart contracts; it is not the easiest deposit, payment and lending services, cross-border payments, ATM facility / convenient withdrawals, but also as a cryptocurrency exchange for the business and consumer world
ENTRY = Money, Exchange, Cash, Bank, Network
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
- To keep a transparent record of all the transactions in the ecosystem.
- To expand the use of cryptocurrencies for purchase and payments across the business world.
- To create a simple and all-in-one platform to revolutionize the traditional methods of dealing with banking systems.
- ENTRY’s suite of comprehensive banking products and services will ensure a new benchmark in banking and financial services.
PROBLEM AND MARKET SCENARIO
The financial crisis of 2008-2009 led the general public to lose faith in the global banking
system. This distrust was one of the prime motivations in the birth of Bitcoin,
a cryptocurrency developed by a person or a group of people named Satoshi Nakamoto. The
loss of trust in the banks led to the emergence of a peer-to-peer “trustless” electronic cash
system based on a technology called blockchain.
Problem
Customers are not loyal to any cryptocurrencies as they have no use other than speculation. The real question is, why speculate on a coin which has no inherent use?
Solution
ENTRY is creating an intuitive to use bridge between the old system and the blockchain technology which will revolutionize banking.
Goal
ENTRY has the goal to become the gateway between traditional and new financial paradigms and systems. Spend ENTRY everywhere, everyday, in every possible way. Spending ENTRY in everyday life will be exactly like using fiat money, you will feel no difference.
ENTRY BUSINESS MODEL IN DETAILS
Entry.Money is a crypto currency and fiat payment gateway for e-shops that can be easily accessed through web and mobile app versions. It will provide IBAN (International bank
Account Number) to every user of ENTRY to enable them to store blockchain assets in their accounts. Initially, we will facilitate only Euro currency (in fiat currencies) for all the transactions. We plan to put down roots in European countries which have a huge untapped market and then expand and incorporate all the major fiat currencies in the years to come.
Entry.Money allows the users to deposit, store, withdraw and transfer fiat as well as crypto currency. Merchant can use the platform for simple conversions to ensure sale of their goods. The merchant will get the sales price in the currency requested less the applicable transaction fees. Merchant can trade beyond national boundaries without any hassle of currency
differentiation or fluctuation.
Merchants will be able to trade in their own currency (say Euro for now), giving freedom to buyers to use any crypto currency for purchase (say BTC). Entry.Money ensures that the merchant receives the payment in Euro; this process of conversion and transfer will
subsequently bring liquidity on Entry.Exchange.
We introduce the world of ENTRY
Entry.Money
Cryptocurrency and fiat payment gateway for e-shops. Personal and business account (deposit, withdraw, instant transfer cryptocurrency & fiat). Web and Mobile app versions. Debit cards.
Entry.Exchange
Centralized and p2p ultra fast and instant cryptocurrency exchange. High security standard, beginner friendly and worldwide supported service.
Entry.Cash
Cash machine/ATM system (the WU of cryptocurrencies). Transfer, cash out or top up with cash (using agents or cash machines). Payment gateway for POS (real shops, service providers).
Token Entry
Will be used in the ENTRY platform as the main cryptocurrency. Used in other platforms as primary or not
cryptocurrency. Can be traded in exchange.
ICO ENTRY
ENTRY Token Details are 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 of 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
Roadmap
Development 2015-Get started and earn a Money Institution License.
The 2017 agreement-signed with the central bank to obtain SWIFT and IBAN numbers to link the SEPA system of the European Union.
2017-Developed payment gateway (credit / debit cards, bank links and more) to raise funds for online stores.
Integration 2017-Started with the Central Bank system to provide peer-to-peer payments to all EU banks and start building infrastructure for international payments.
The crypto-exchange and beta 2017-Start versions will be ready before ICO or during ICO.
2017-Hold meetings with card issuers for MasterCard or Visa card issuing to ENTRY users and invest more than 1 million Euros for sustainable platform development.
2018 (1st through 3rd Quarter) - Begin developing Pre-ICO and ICO. During ICO we will launch a payment gateway (ENTRY.MONEY) with a bank account for personal use. We will launch a crypto exchange (ENTRY.EXCHANGE).
2018 (4th Quarter) -Financial Institution license form (already obtained) for Electronic Money License or European Bank License. Begins obtaining financial licenses outside the EU to operate worldwide.
Service 2019 (2nd Quarter) -Expand (ENTRY.MONEY) adds business accounts worldwide apps and launches.
2019 (3rd Quarter) -Stop (ENTRY.NETWORK) wallet to store, send, receive your crypto, participate in ICO via wallet. Blockchain (self or partners).
2019 (4th Quarter) - Starts P2P Loan (ENTRY.BANK).
2020 (2nd Quarter) - Launch ATM System (ENTRY.CASH) and install cash machine for beta testing.
2020 (3rd Quarter) - Partner with agents to provide deposit and withdrawal services with cash.
2021 (continued) - Investment, loans and other banking and financial services worldwide.
For more information visit the following link:
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 :
Bitcointalk name : ayumichia
Bitcointalk profil :https://bitcointalk.org/index.php?action=profile;u=1427084