PRESENTATION
A blast has knocked the investment market which i think we are not going to overcome of. Crypto investment is that blast. While Bitcoin acquired by many has gained legitimacy among millions together with Ethereum, It is centralized and seems to offer a one-dimensional approach to cryptocurrency market but not rendering a comprehensive solution to the widespread problems that blockchains and cryptocurrencies face.
Cryptocurrency has been able to present a comfortable to use the digital option to fiat currencies. Offering frictionless transactions and inflation control, investors have been reasonable enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not factor a systemic risk. Cryptocurrency, also known as digital assets, trading is the buying, selling or holding of cryptocurrencies such a Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC) amongst others, with the aim of generating a profit from short, medium or long term fluctuations in their prices.
There are massive influx of Blockchain Technologies available in today’s market since the birth of Bitcoin. It’s been a decade, but there are still limited implementation of the technology in core enterprise process due to lack of requirements in terms of scalability, flexibility, privacy and security. Tech Giants such as Amazon, IBM, Microsoft and Oracle are competing to develop Blockchain-as-a-service (BaaS) solution that allows both large enterprises and businesses to implement, build and customize their own concept of centralized/decentralized applications. A new generation of Blockchain Technology has built to solve the above challenges and is ready for future mass adoption.
OVERVIEW OF THE PROJECT
ETHA is a sophisticated blockchain based infrastructure for innovative financial services. they have a strategic partnership with chain link.
From one Interoperable platform. That means you will soon be able to access an open financial system from one platform, that is interconnected with on- and off chain solutions, empowering digital currency holder and approximately 2.5 billion people globally that are underbanked or neither have access to affordable financial services, facing greater risk and higher costs in their day-to-day life, forced to rely on cash and informal financial markets.
We built an interoperable platform for the remittance and crypto industry.
ETHA introduces the world’s first blockchain based remittance solution platform that will allow merchants and consumers to utilise their digital assets to send fiat money globally.
The remittance solution platform will be the first of its kind to facilitate crypto to fiat transfer. Users will be able to send fiat money utilising digital currencies by allowing the sender the flexibility to select different payout options for the recipient, such as Direct to Bank, Local (Cash) Pick-Up or Mobile Top Up. We aim to support sending money to over 190 countries around the world.
The ETHA payment infrastructure works as a decentralised operating system, which integrates decentralised with centralised resources under one ecosystem, enabling fiat transfer with digital currencies.
PROBLEMS & SOLUTIONS
Approximately 2,5 billion or nearly 40% of the global adult population, do not have a formal bank account or access to affordable financial services.
PROBLEMS
We have identified key problems within the remittance and payment industry, which we aim to solve.
The existing remittance and payment industry are built on an old-fashioned infrastructure, bonded with expensive fees and transaction delays, which no longer serves the interest of its sophisticated customer base. The rise of cryptocurrency and blockchain technology has created a niche market, along with unserved customers demanding a more inclusive financial industry.
As of today, the remittance service provider has not built a single working interoperable platform where cryptocurrencies can be used to send fiat money with various payout options such as SWIFT, local cash payout and mobile top up.
SOLUTIONS
The ETHA ecosystem leverages from emerging technologies to facilitate financial services for people across the globe. We aim to connect consumers and merchants to an innovative platform which will disrupt the current remittance service industry.
We utilise the Ethereum blockchain along with our unique infrastructure to facilitate cross-border payments utilising digital currencies.
At the current state smart contracts are inaccessible for any traditional banking- or payment systems, due to the fact how smart contracts are secured on blockchains, and the consensus is reached by miners. These limitations will most likely remain for the foreseeable future, for this reason, we have established strategic partnerships, to solve the complexity of this problem to build an interoperable platform.
How does ETHA aim to integrate the Dharma protocol?
We will use Dharma’s smart contract system to build our Lending Circle.
What is Lending Circle?
The aim of Lending Circle is to build a trustless and self-governed non-custodian lending system that is based upon well-known lending systems also known globally as Sou-Sou, Cundinas, Gye or Hui.
How does it traditionally work?
- A group of people gets together and agrees upon an equal amount they would like to pool weekly, monthly or one time.
- A payout schedule is created to ensure everyone in the group receives a fair share. The goal is that every member receives the pooled funds at least once during the rotation.
- The group elects a treasurer who is responsible to collect the contributions of the members and manages, in general, the rotational payout to each member. The treasurer normally gets an incentive for her/his service.
Our Solution
The formerly centralized custodian (treasurer) would become a DAO of each member of the lending circle.
The DAO would be responsible to take in the members funds and distribute them rotationally according to the pre-set logic of the system.
1% of all pooled funds will be automatically incentivized to the DAO.
Role and Functionalities of the DAO
- The ability of storage and fair distribution of funds
- Calculate the rotation circle fairly based upon the funds that have been paid in by each member of the circle.
- Efficiency and transparency with no intermediary involved
- Accessibility to anyone with Internet access
7 – 2019
ROADMAP
Two exciting years improving the Ecosystem, and the best things are yet to come!
Strategic partnerships
Alpha of Exchange
Alpha of Exchange
UT ERA
OUR TOKEN
The value strategy of the token is attractive as it will feature multiple mechanism to stimulate its growth.
ETHA TOKEN
The primary purpose of the (ERA) utility token lies in settlements within our Ecosystem. Using any of our financial services such as remittance service, cross-border financing, decentralized lending or the exchange will require tokens.
ERA tokens can be used to settle any fees on our platform, including but not limited to:
The token is deployed on the Ethereum mainnet as an ERC20 token. The Ethereum Blockchain and the constantly growing community is considered the standard for digital tokens and provides the perfect environment for the ERA token
TOKEN DISTRIBUTION
A fixed number of tokens will be created during the token sale, and no more will be generated after that. The functionalities of the token are beyond a speculative asset on an exchange.
Details
Participants interested in supporting the development of the ETHA ecosystem can do so by pledging Ether, Bitcoin, Litecoin or Dash to the designated crowdsale address, which will be visible on the dashboard.
To calculate the number of tokens you will receive during the public pre-sale, you can follow the following informations.
Symbol: ERA
Initial Value: 1 ERA = 0.06 USD
Type: ERC-20
Total Supply: 1,000,000,000
TEAM
Our team consist of highly experienced blockchain developers from various disciplines, that have a track record working on successful projects such as Status Mobile Client, Toshi Browser is now known as Coinbase Wallet and more.
Anand Raj
CTO & Blockchain Consultant
Gopal Harris
Blockchain Engineer
Chester Bella
Head of Business Development
Ayesha Mittal
Project Coordinator
Ankit Prajapati
CCO / Web-Development
Danny Boahen
Head of Business Operation
Leo Anbarasan
Blockchain Solution Architect
Sneha Patel
Senior UI / UX Designer
Kuldeep Jain
Senior Mobile Developer
Author
Author: walesodiya
Email: walesodiya@gmail.com
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2160355
Eth Address: 0xd5138067078B32BA7800b399bC77C49deaA3f2f5
Author: walesodiya
Email: walesodiya@gmail.com
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2160355
Eth Address: 0xd5138067078B32BA7800b399bC77C49deaA3f2f5
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