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Hi folks. Ebcoin.trade is a scam!!! Please do not make any contributions using this site!!! The EBCoin legal team has been notified and is working on it as we speak. The only official website is www.ebcoin.io |
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when will the Ico begin, or if it has already begun, to what number do you need to invest?
The token sale is live right now on their website! https://www.ebcoin.io You can get a 20% bonus until Jan 31. Their goal is to sell out all their tokens, so with the pricing structure that is a max of about $35 million. Not bad!  |
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Okay I think this concept is really new for me and I have not read about anything like this before, the tax refunds on the journey. It seems that this is based on the reimbursement process of taxes when you use the money for leisure. It’s good idea that we can use it in the over 34 countries but I’m having little doubt and hope team would respond to this. The procedure for this is to use the app or my EB address in the country ATM where I am and then get the funds back. But have you guys actually implemented the ATM thing all over or do we still need to get approvals from the regional bodies. The legal thing now a days is getting very strict in every country, and when EB will operate in different countries then don’t you think that we will need a representative in each country where your services will be available?
If you take a look at the roadmap on the website, you will see that the ATM implementation is something that is part of the long term plan for the project. At the moment it is scheduled for Q3, Q4 2019. That is a realistic timeframe considering how large of a task it will be. Gaining approval for placing ATMs in Airports or opening a Kiosk is not an uncommon request made to Airport authorities. The space will be leased via the same process as other retailers, vendors, banks and service kiosks who already operate at airports around the world. EBCoin will also be leveraging relationships and partnerships with existing Foreign Exchange Kiosk operators in other countries, as well as payment gateway providers. These partnerships will make it a lot easier to get any needed local authorizations for offering EBCoin as a truly global solution. There will be great financial incentive for these providers to partner with EBCoin, as it will increase their transaction volume significantly. |
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unique venture , is there bounty for arabic translation ?
Unfortunately not. Sorry. There is currently a Telegram join Airdrop Bounty going on. Get 120 EBC tokens free! https://t.me/EBCoinGlobal |
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Is your ICO project structured as a corporate or non-corporate entity?
The EBCoin project is owned by EBC Foundation Pte Ltd registered in Singapore. |
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I just read the whitepaper and I honestly applaud you guys for undertaking a project as big as this, the tax refund system has a lot of problems but due to the fact that it's very complicated to solve and not a lot of people are aware with what's happening with the tax system in every specific country in the world, this topic is rarely talk about and just often been forgotten by a lot of people. Honestly I just knew through your whitepaper that there is up to $24 billion in sales tax refunds that are unclaimed by travelers, that's a huge amount of money that's been put to waste so that's why when I read your vision, I realize how important this project is, not just towards people who are traveling but towards the community as a whole, with this project people can save a lot of money and they can actually reap the benefits of the tax refund system in their own country. This project's goals are huge and might take time to develop but seeing that the team is composed of a group of people who are experienced in their own field and who are very passionate to bring this project to the top and knowing that this project is already in partnership with a lot of successful and big companies, there's no doubt that this project will be huge in the months to come. I just have a few questions though, how does the loyalty program works? And how can merchants integrate this project into their business?
Good questions! EBCoin will be integrated with merchants at the payment gateway solution level. In other words, payment terminals at the point-of-sale usually can accept a variety of cards. Visa, Mastercard, JCB, Debit, Credit, Chip, Tap, etc. These terminals will be enabled to also accept EBCoin (EBC) as a payment option, just like any of the others available. Along with that, merchants can create a "loyalty program" based on EBC tokens. eg. Spend over $100 and get 100 EBC tokens as a reward. This also opens up the possibility for system wide EBC rewards sponsored by EBC Foundation. eg. "Pay with EBC 10 times this month and we'll give you 200 EBC tokens to spend how you wish." That is the advantage of tokenizing a solution. You can leverage it for many different uses. |
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Going through your whitepaper and I can see how promising this project is going to be. I love the idea of having the tax refund converted to the local currency of your choice or any other types of cryptocurrency. It shows how flexible this platform can be as they make sure that what you got from the refund would not be wasted but be worth it. However, I saw that there is a limitation when it comes to the currencies it caters to. I wish that as this project progresses, they would allow exchange of EBCoin to other currencies aside from what is stated like PHP since most of us enjoy traveling in the countries where EBCoin is going to be established. Wishing this project all the best as I know it will truly be helpful to many!
If they would decide to make those limitations gone i bet it would really be hard to implement such thing knowing each country do have its own decisions on adopting some new exchanging features but how we do wish that it would really be seen on this project and should be established even more. Point taken and understood. It can truly be complicated since it is understandable that their focus is on those countries that implements tax refund. I do believe in the abilities of their team and I know that as they go along, they would be able to make this project expand and cater even more countries! They have mentioned in the Op post and site information clarify us. As of now they are ready to support the 34 countries. I am personally not aware tax refund works but noticed that this is really helpful for the tourist widely. Each of the country have the own tourism ministry right! If they are going to implement they just to get the auth from the concern country. Am I right. Please explain me this. Yes. The implementation of EBCoin will have to be done on a per country basis. This is needed, not just for authorization, but also because each country's tax refund system works slightly different. Remember though, that even if a specific country does not agree to their customs using EBCoin, EBCoin will still be able to be used as a payment method for participating duty-free retailers. These contracts will be negotiated with the merchants and the payment gateway service providers in that specific country. Further than that, partnerships with local FOREX services who have kiosks in airports can also be done regardless of customs integration. That will enable the local conversion of EBCoin to FIAT currency. So, in other words, even without customs integration, the EBCoin platform still has many uses for the international traveller. |
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I like this project as I personally as someone who does a lot of travelling myself have had issues with getting refunds too. I think it addresses a challenge a lot of travelers face.
It's available so far (according to the ANN) in 34 countries but my question is: What efforts is the team making to ensure that the project is accepted in these countries? Will there be any policies and regulations to consider in varying locations? And if yes what measures are being taken to ensure adaptability, acceptance and abiding within these laws and policies.
I like the team and especially the advisors too.
The team is currently finalizing some very significant multi-national partnerships who have vast experience in working with governmental entities. The concept has also been pitched to the Korean government and the reception was very favorable. For most of the countries concerned, the government makes these incentives available to encourage tourism and bring foreign wealth into their country. Working with EBCoin becomes a logical step with no disadvantages to them. Think of it from their perspective... You would be working along with a reputable global company, they have a successful and completed product, it will easily integrate with their local travel tax refund program, and using a cutting edge product that is already popular with tourists. It's a win-win situation, so I don't think we should expect much resistance to adoption. |
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What is the total supply?
Hello. Total supply is 1,500,000,000 EBC. 50% are being made available for the crowd sale. A high circulation is required considering it's intended use case in such larger market. |
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Is there any bounty for this project? It would have been nice to see the project more pronounced.
Seems like a good project and yes is there any bounty for this?
Hi there! Yes. There will be an airdrop bounty very soon! Please stay tuned in the Telegram channel to learn more. About 6,000,000 EBC tokens up for grabs! https://t.me/EbCoinGlobal |
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Could everybody use the platform or it's necessary to meet some requirements?
Anybody will be able to register to use the platform. It is only open to accredited investors to serve as lenders, with the goal to open it up further in the future. As a borrower, qualifying for a loan on the platform will depend on the borrowers credit profile, but it will be a lot easier than any other loan application with much lower interest rates. |
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I'd like to know what happens to the tokens that are left unsold?
From the whitepaper pg.38: "Of all tokens generated by the platform, the portion not sold will be distributed proportionally to all contributors" |
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What will I need to participate in the token sale?
The team is going to be publishing a detailed blog post on how to sign up and register for the pre-sale. Stay tuned! |
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Hi!
What ICO do you think I should invest? Which project has a potential of x10 - x100?
My criterias are as follow:
1. Team that can do the project.
2. Minimum viable product is there (MVP).
3. The project is backed by a venture fund.
I'd like to put a plug in for FintruX here. To your points you mention: 1. Their team is backed by Robocoder corp, a very successful software company in the finance space. CEO is award winning Nelson Lin, who is also the CEO of FintruX. 2. They already have a viewable wireframe on their website, and the working prototype will be ready by ICO time. 3. They are not backed by a VC, but in the partnership with Robocoder they act as a financial backer as well. To my knowledge there are also a couple of VCs looking to participate in the presale. Please check them out. Details below: Website: https://www.fintrux.comTelegram Community: https://t.me/FintruXBitcointalk Thread: https://bitcointalk.org/index.php?topic=2286042 |
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What personal information do I need to provide and what are the requirements I should meet to get a loan?
Hi there! From the way I understand the concept this will depend on a few factors... eg. the terms of the lender, the amount and terms of the loan package, the legal requirements of your locale, and your credit rating at the time of applying for a loan. As far as personal information, remember that KYC (Know Your Customer), Credit Checks, as well as Identity Verification will all be part of the process. So you will be required to provide personal information similar to what you would for any other loan application. The difference with the FintruX ecosystem is that you will have lenders competing to instantly match your loan request with an offer, and because of the low fees on the platform, you will get a very low interest rate on your loan compared with traditional financing providers. |
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Does the team have experience in this sphere?
Yes. We are backed by a very reputable company Robocoder Corporation and have been developing mission critical financial solutions to banks and financial institutions for the last 20 years. We are very well known in the Canadian financing ecosystem, and we will be leveraging our relationships to take our platform to market. How is your relationship with Robocoder? Are you owned by them? Hi there. Not 100% clear on the ownership structure, I believe they are setup as two separate companies. However, Nelson Lin is the CEO of Robocoder and of FintruX. This project therefore seems to be an extension of their business into the Blockchain sector. Therefore Fintrux has the full support of Robocoder's team and their partners behind them. I see this as very good news! Nelson Lin and Robocoder have a proven track record of successful software projects in the financial sector, even winning award along the way. |
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I really like the idea of the project. Should look at it attentive. Good luck!
It's a really good use of the blockchain . Everyone can just launch an ICO for any project, but it's completely different to be able to actually take advantage of the benefits and possibilities being based on the blockchain and smart contracts allows . indeed smart contracts are helping build a trustless environment. I really love the potential here. Obviously first, as an investor... great opportunity! Second, for the small business sector.. but lastly for entrepreneurs in developing countries with high interest rates. I've lived in a few third world countries and the obstacles that are faced to bring an idea from concept to product is overwhelming! So much talent and great ideas are lost that way. I really think projects like FintruX can change that! |
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