Having an idea, and starting a company are two very different things. Startups around the world are acutely aware of the intricacies involved in starting a company. And, the cycle of innovation begins with the first day at work. Many countries are promoting schemes for the startups to start in their region for growth and employment. Ideas can't be suppressed. Most of the startups fail, and that is a sad truth which no one talks about.
The product market fit model never suits the market and business run out of cash. The reasons which can be cited behind failures of so many startups are as follows; different country-specific compliance and regulations create friction, heavy incorporation cost, prohibitive legal fees, high transaction charges, the difficult procedure of conflict resolution, complicated process of partner inclusion or exclusion, and High cost involved in upgrading and managing company finances.
There is a need for creating a global framework for startups where they can work without the limitations of the geographical boundaries. Do you think it is possible to create such framework for the startups?
EINC/EtherInc is building solutions for the decentralized startups. The concept of borderless, trustless, permissionless and transparent organization based on the cryptographic proof is being put forward by the team. The decentralized app created by the team is based on the ethereum blockchain. Smart contract protocol is utilized on the platform for execution of the tasks.
Proposal based execution of tasks are carried out on the platform. 17 different kinds of proposals are available on the platform which is divided into two categories; voting based proposals and grade based proposals. There are inbuilt protocols for the cross-organization communications.
People from all over the world can be part of the organization. Decentralized Automatic organizations are the future of the workspace, and this platform provides tools for the development of such applications. The decentralized application marketplace present on the platform is utilized by the startups for marketing of their applications. They have already launched their main net and Ropsten Network.
ETI Token is the backbone of the platform which is utilized for multiple applications, such as paying salaries & making payments, create EINC proposals and vote on EINC proposals. There are different layers of the EINC platform, such as ETHERINC Blockchain, ETHERINC Protocol, and Web3.js. Overall, the development of a Dapp is made smooth with the help of the platform.
997,528,142 ETI Tokens are created for the project. 450,000,000 ETI Tokens are up for the sale. The token sale will start on the 25th June 2018 and continue until 25th July 2018. The pre-ICO will start on 7th June 2018 and continue on 15th June 2018. 40% of the funds will be used for the development of the platform while 20% of the funds will be used for the team. The team is experienced in the blockchain technology and business development.
Today, large corporations are funding the ideas, which they think will change the future of the technology and world at large. The process of forming a company is getting complex and people are finding it difficult to manage the multiple factors required to sustain a business. The future of organizations is on the blockchain. They have tried to create a blockchain with a built-in Turing complete programming language.
Startups working in the different fields can utilize the platform for the growth and development of their business. The future of the blockchain technology will be determined by the applications created on them. As we can see in the present market, there has been an upsurge in the applications based on the blockchain technology.
People are going to adapt to the modern technology as it makes their life easier. What do you think about the services offered by the platform? Are we ready for the decentralized world of business and applications?
|Crowdsale Opening Date||
160 days ago
|Crowdsale Closing Date||
152 days ago
Feb 13, 2018
Feb 24, 2018
Feb 27, 2018
Mar 06, 2018