Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Nowadays, clients are not loyal to any cryptocurrency because they have no other use than speculation. The real question is, why speculate with a currency that does not have an inherent use? The project I am going to present you, ENTRY, has the answer. ENTRY is a cryptocurrency project based on a blockchain technology that is creating a bridge of intuitive use between the old system and this blockchain technology that will revolutionize banking.
As I said, ENTRY (https://entry.money/) is the first bank in the world where you can choose to charge commissions. The service fees are distributed mainly to the participants, not to the company. All the financial services of a single window system are provided globally.
The main goal of ENTRY is to become the gateway between traditional and new financial paradigms and systems. Pass the ENTRY tokens everywhere, every day, in all possible ways. Spending ENTRY in daily life will be exactly the same as using fiat money, you will not feel any difference.
Tool Definition 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. Transfer, cash out or top up with cash (using agents or cash machines). Payment gateway for POS. Entry.Bank All financial services (deposit, insurance, investment, lending, factoring). Entry.Network Open source code, wallet, custom blockchain, smart contracts, custom token creation platform.
The project gives the opportunity to earn ENTRY tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk platform. Here (https://bitcointalk.org/index.php?topic=3279397.0) you can access the link in order to see what are the conditions to become an early ENTRYcontributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://entry.money/ENTRY_Whitepaper_v1.pdf). You can also stay tuned in their official Telegram group (https://t.me/ENTRY_Official). I hope you liked the post and soon I'll send you new ones.
Year Events 2015 Started development and obtained Money Institution License. 2017 Signed agreement with Central bank to get SWIFT and IBAN numbers to connect EU SEPA system.
Developed payment gateway (credit/debit cards, bank links and others) to collect funds for online shops.
Started integrations with Central Bank system to provide peer-to-peer payments to all EU banks and started to build infrastructure for international payments.
Started crypto-exchange and beta version will be ready before ICO or during ICO.
Conducted meetings with card issuers for issuance of MasterCard or Visa cards to the ENTRY users and invested more than 1 million Euro for continuous development of the platform.
2018 Started developing Pre-ICO and ICO. During ICO we will launch payment gateways (ENTRY.MONEY) with bank accounts for personal use. We will launch crypto exchange (ENTRY.EXCHANGE).
Change money institution license (already obtained) to Electronic Money License or European Bank License. Starting to obtain financial licenses outside EU to operate worldwide.
2019 Expand (ENTRY.MONEY) services adding business account worldwide and launch app.
Release (ENTRY.NETWORK) wallet to store, send, receive your crypto, participate in ICO through wallet. Blockchain (own or partners owned).
Start P2P Lending (ENTRY.BANK).
2020 Launch ATM systems (ENTRY.CASH) and put cash machines for beta testing.
Start partnerships with agents to provide deposits and withdrawal services with cash.
2021 Investment, loans and other banking and finance services worldwide.
ENTRY token is an utility token created for the best usage of ENTRYservices.
ICO price: 1 ENTRY= 0.15 EUR
Tokens for sale: 325,000,000
Token Distribution Token Funds
Email: [email protected]
Telegram username: @clauminghttps://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71