What is EndChain ?

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What is EndChain ?

EndChain is a utility token that changes the way logistics are handled across industries in a cost - savvy way.

How will it work?

EndChain aims to cover each sector of the supply chain, including the second hand market. Our product will be affordable, allowing even every day goods to be tracked on the blockchain. Additional functions for communications among the supply chain & allowing to set up subchains, further enhances the relevance of the product for the supply chain.

Simple to use

The EndChain QR code is unique in that it incorporates a barcode within the QR code. This design allows for simplified use as EndChain users will know to scan the only code found on the packaging. Other businesses which rely on legacy barcode technology will be able to scan the embedded barcode. Thus, EndChains QR code creates a singular code to work on any type of system. An additional benefit is that the single code can update both the blockchain and any internal legacy systems with a single scan. The goal of this is to reduce complexity while increasing efficiency.

Value creation

A blockchain company can only be as strong as its economy. EndChain is committed to both its corporate users and investors. To ensure that the needs of both are met, a deflationary self-regulating economy will be used. Corporations will be encouraged to buy and hold EndChain tokens in order to purchase QR codes, make smart contracts and access the data stream.
A percentage of the fees associated with these functions will be 'burned' to reduce the number of tokens in existence. Shall the market value of EndChain stay the same, the price of individual tokens will rise.

Economics

A token needs a thriving marketplace to be successful. Tokens that are not being utilized serve no purpose to investors. Additionally, tokens that do not have a consistent steam of buyers creates unstable prices. This is why EndChain has focused on ensuring a lively market by engaging companies to purchase EndChain tokens. By using our tokens, companies can receive a discount on our qr codes, big data and smart contracts.

Who is interested in EndChain?

EndChain provides a complete and cost-effective logistics package that benefits all parties of the supply chain. While most utility tokens focus on high end goods, EndChain focuses on the low to middle market, an area that has been ignored for too long. EndChain is able to enter this market due to the ease and low price of our system compared to other utility tokens which focus on expensive NFC chips or manual entry.

How does this help EndChain buyers?

With a large base of potential customers, EndChain can immediately get to work selling our product. 2-4% of the revenue generated from sales will be dedicated to burning EndChain tokens. This will help decrease the number of EndChain tokens in the long term; thus increasing the price. As most companies need to plan ahead and budget, they are likely to buy and hold an amount of EndChain tokens. This will create strong support for the EndChain market.

Self-correcting System

Should the market for EndChain be depressed, more tokens will be needed to pay for each order. When more tokens are used, more will be burned; thus driving the price up until equilibrium is reached. As a result, its safer to hold EndChain for a long duration of time as there are protections against price decreases. Thus, EndChain will have a self-correcting system which allows for a stable economy.

ENCN TOKEN

Upcoming Exchanges
The EndChain team combines a passion for logistics, finance and marketing and is committed to quickly listing its token on exchanges
Pre ICO is live: 50% bonus!
  • Soft Cap: USD 4.0m
  • Hard Cap: USD 15.0m

Distribution of Tokens & Fund Distribution

Roadmap

November 2017
Development of EndChain concept
February 2018
Whitepaper v1 completed design process flow
June 2018
Discussions with patent lawyers
August 2018
First working version of the unique EndChain QR code/barcode
Different versions being tested for efficiency
January 2019
Finish Pre-ICO
Token distribution following internal and external audit
December 2018
Start Pre-ICO
October 2018
Setting up ICO and reaching out to potential partners*
Obtain patent pending status
September 2018
Launch of www.EndChain.io
Release of a finalized EndChain Whitepaper
1Q19
Develop beta smart contract library
Basic KYC framework development
Prepare strategic partners for early adoption
Token Crowdsale from 1 Feb - 30 Apr 2019
2Q19
Direct communications infrastructure
Create API for easy use of our system
3Q19
Complete test platform for contracts
Alpha-testing of Minimal Viable Prdoduct through existing app with leading partner
4Q19
Beta testing of the app, roll out beta to a more partners
UI and UX improvements to app
4Q20
Big data analytics opens
Further development and features to be announced
3Q20
Full version of app launch
2Q20
Improvements for fraud reporting and allocation
Train AI to recognize patterns in fraud
1Q20
Discuss with beta testing users and update app based upon suggestions
Improve app functionality and backend integration
For more information and join EndChain social media today please follow the following sources:

Author by: thomas_sugiarto

https://bitcointalk.org/index.php?action=profile;u=1350842

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