Place/Date: Harjumaa, Estonia - October 25th, 2017 at 12:27 pm UTC · 5 min read
Contact: Jacky Thanh Ly- CEO, Etherecash, Source: Etherecash
Financial services startup Ethercash has proudly announced its Pre-ICO Campaign, which will raise funds to develop its blockchain-backed financial platform. The Ethercash platform aims to revolutionise three core functions of finance to bring greater transparency and security in the way we lend, send and spend. The Etherecash platform will allow its users to leverage their cryptocurrency holdings to acquire fiat currency loans without the need for credit history, through the application of lawyer-backed smart contracts. The Etherecash Pre-ICO campaign will run from October 25th, 2017 until November 7th, 2017 and ICO campaign will begin November 15th, 2017 and finish on December 19th, 2017.
In the modern world there are over 2.5 billion unbanked people, with no access to basic financial services resulting in exclusion. In addition, current financial systems tend to be rigid with complex lengthy systems and often unfair criteria that prevent us from getting a loan. Etherecash’s mission is to solve this problem by offering these individuals the chance to acquire fiat currency loans, based on the strength of their cryptocurrency portfolio. Etherecash aims to totally disrupt the financial services industry by introducing its decentralized, transparent lending platform, which is driven by safe, lawyer-backer smart contracts.
CEO, Jacky Thanh explains the core focus of Etherecash is
“To bridge the gap between those with access to finance and those without, eliminating borders, intermediaries and prejudices.”
The financial solutions platform processes three core functions to revolutionise how we transact. Through the implementation of its lawyer-backed ethereum smart contracts, Etherecash can provide its users with a more secure and affordable way for individuals from all backgrounds to have access to flexible loans and competitive terms that meets their needs.
The Etheresash platform offers the user a global peer-to-peer cryptocurrency-lending platform which lenders and borrowers can connect with one another to conveniently exchange fiat currency for profits. Those taking out a loan have the freedom to choose all the factors surrounding the loan, such as the type of loan, duration, and amount.
Both lenders and borrowers can select mutually beneficial terms when creating the contractual agreement, which is later secured by the professional lawyer-backed smart contracts.
The platform benefits all users but is certainly most beneficial to borrowers holding cryptocurrency, who would otherwise find it difficult to acquire a loan through the traditional sources. All loans are border free and borrowers are not judged on any additional criteria, other than the value of their cryptocurrency holdings.
Etherecash is a great option for crypto-enthusiasts to gain safe, secure fiat currency loans, based on their cryptocurrency holdings. For most of us Cryptocurrency is a high risk, yet high-return investment of sorts, and for this reason, most holders of cryptocurrencies do not want to be forced to liquidate their holding for day to day expenses or when they need a short term loan.
Although it is becoming easier to spend cryptocurrency, most options still include the task of converting altcoins into bitcoin which is then usually sold online. Ethercash tackles the problem of remittance with the introduction of its multi-cryptocurrency debit card. The multi-crypto debit card offers fast, global payments with a low, streamlined fee structure. The card works as any standard debit card would, with a full application for online purchases and ATM withdrawals.
Etherecash comes from a highly experienced team of blockchain experts, with over 50 years experience between them. Together they have designed an ecosystem that has the potential to offer a better future for billions of people across the globe. The lawyer-backed smart contracts and blockchain technology provide total security, transparency, affordability, and convenience for the users of the multi-currency lending platform. From the billions of unbanked individuals to cryptocurrency lenders, to the everyday user, Etherecash offers financial solutions, and a better tomorrow.
Meet the team
Etherecash CEO Jacky Thanh
Etherecash CEO and Founder of Pro-Life Global, has over 20 years of experience in US Stock exchange and over 18 years of experience in export and import. As the Head of Chinese Organisation trade, he currently runs PROLIFE GLOBAL, which is a multi billion business helping cure more than 108 worldwide illnesses.
COO Miguel Aguirre
Former CEO and COO of many global scale operations, Miguel Aguirre has over 18 years of international experience managing multicultural teams in the United States, Spain, India and Brazil. With a background in engineering, a passion for innovation and a proven history to deliver global scale projects.
Etherecash ICO Campaign
Etherecash will create a total of 360 million tokens (ECH), 144 million of which, will be available throughout the course of the ICO campaign. The Etherecash ICO Campaign will be broken up into a Pre-ICO and a main ICO. The Pre-ICO will run from October 25th, 2017 at 2.30pm (GMT+2), until November 7th, 2017, and the main ICO will run from November 15th, 2017 to December 19th, 2017. The ICO campaign will have a soft cap target of $15 million (35 million tokens) and a hard cap of $100 million.
October 25th – 25%
October 26th to 31st – 22%
November 1st to 7th – 20%
Main ICO Bonus
15th November – 15%
Week One – 12%
Week Two – 10%
Week Three – 5%
Week Four – 3%
Week Five – 0%
Etherecash is a three prong financial platform enabling peer to peer lending, global money transfer and a crypto debit card, which allows it’s users to maximise the potential of their assets and leverage cryptocurrency to secure fiat loans. The platform uses lawyer-backed smart contracts and blockchain technology to offer full transparency and security for its users. The Etherecash platform is a complete ecosystem to bring speed, security and reliability in the way we lend, send and spend.
Etherecash Official website – http://etherecash.io
Youtube Video by Etherecash COO Miguel Seoane – https://www.youtube.com/watch?v=urqek6AUzdM&feature=youtu.be
Find on Facebook – https://www.facebook.com/Etherecash-1875597305787865/
Follow on Twitter – https://twitter.com/Etherecash1
Google plus – https://plus.google.com/u/1/105307012881383936970
YouTube Video: https://www.youtube.com/watch?v=dUP9B2UhTUg
Disclaimer Etherecash is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest