[ANN][PRE-ICO]EACOIN: Eastern Africa Community Coin - PWR 2 The People

[EACOM]

EACOIN
 Eastern Africa Community Coin

Website | Whitepaper  | Email  | Bounties

WHAT?
EACOIN crypto currency that brings customized blockchain to the greater Eastern Africa community spanning 10 colonial nations and two islands in the region

WHY?
The EACOIN pre-ICO  funding will finance the development of a digital platform and network infrastructure to support a multi-million dollar Eastern Africa blockchain economy both on and offline, greatly expanding the global cryptosphere to all continents.

WHEN?
PRE-ICO starts on August 22nd at 17:00HRS EAT(East African Time)+3UTC and lasts for two weeks until September 5th or when funds are exhausted.


WHERE?
Areas of immediate and greatest use-case impact where EACOIN will be deployed are in
Facilitating asset storage; Digital and terrestrial marketplaces and investment channels to its crypto community users.

WHO?
 EACOIN network spans a market size of over 300 million inhabitants with untapped potential both locally and globally.  We intend to break  the status quo and artificial barriers that have for too long stifled growth and caused unnecessary hardships. Through communal and grassroots efforts we seek crypto partners that will enable all mankind to control their own monetary wealth and realize the true Satoshi dream.


Basic Premise
PRE- ICO FUNDING
AUGUST 22 - SEPTEMBER 5
300,000 EACOs - 20% Discounted. Locked 3 months. Vested at ICO period
700,000 EACOs - 10% Discounted. Readily Available. Vested at ICO period


ICO FUNDING
10,000,0000 EACOs - 2.5% Discounted
40,000,000 EACOs - Standard Issue
50,000 EACOS - Bounties, Airdrops and Giveaways.  

ICO VALUATION
TIME - JAN 2018

1 ETH = 324 EACOs

BOUNTIES
5,000 EACOS - Bounties, Airdrops and Giveaways

For those who only care for the bounties, we have not forgotten you.
we will have the above to be announced in targeted sequence for maximal effect

Day 1 OPEN
CRYPTO Bounties
Signature campaign posts + 10 EACOs
New blog Post + 15 EACOs
Logo and graphics + 30 EACOs

Will create a separate post for BOUNTY and place all the details there shortly.

So this is the call for solidarity to the crypto world for a decentralized, equitable, corrupt free and fairer world.

TECHNICAL SPECS
NO MINING POW
The sheer amount of electric power used to mine on this scale makes it non feasible in developing regions with sporadic electric power. So we chose an ETH based ERC-20 asset that is POS moving away from mining altogether.

ISSUANCE
While we would ideally want to offer on both BTC and ETH using hybrid WAVES, there are some minor implementation issues. As of now, we suggest to use ETH wallets MEW, MIST or METAMASK and we will give the address key. On Wednesday we will make the firm decision on what route to choose.

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[maskeffec]

10,000,0000 EACOs - 2.5% Discounted
40,000,000 EACOs - Standard Issue
50,000 EACOS - Bounties, Airdrops and Giveaways mooh 

price 1 ETH = 324 EACOs hhhmmm 

[EACOM]

Yes Mask,

Actually that 50,000 bounty is for the ICO sale.

If you look under PRE-ICO, the applicable bounty figure for the PRE-ICO is 5000 EACOs.

Hope that helps.

[sxafir]

Your link bounties is broken.

[dvyanc]

Nice Dev,
Need more details about Project
bounty link is not properly working.,

[EACOM]

Thanks guys,

Bounty link is fixed. Make sure to claim your bug bounty on this.

[carlisle1]

Thanks guys,

Bounty link is fixed. Make sure to claim your bug bounty on this.

looks good now and let see if there's any interesting new features regarding to your plans and how this helps the community and if there's any big
chances to gather more supports coming out from the community I will check if I can create my own blogs for this project.

[EACOM]

Well alright. We did start the PRE-ICO  less than 24 hours ago as promised!

The activity is in WAVES platform for the 20% discount asset group in BOTH BTC or ETC.

EACOINS/BITCOIN or EACOINS/ETHEREUM
 
See the FAQ for details.

We are doing this and met our first of many targets.

This formally opens the door to all public who want to gain part of our equity and support us in this journey.

EACOIN is forming.....

[Mamboman]

Eh?! Is this thing for real or  what?

Are you one of the people or just doing an NGO kind act for the locals or a foreign investor. It would help to know who we are dealing with here.

[Kimpoiluiseta]

i think you not experience in bitcointalk
you pay rate is very low, hero/legendary only pay 12 eacoin, witgh price 324/ETH, pay rate only 300k satoshi

and all alocation bounty 50k coin with total 50 million coin, 0.1%, i think all people is never interest join and promote youre coin

[EACOM]

Eh?! Is this thing for real or  what?

Are you one of the people or just doing an NGO kind act for the locals or a foreign investor. It would help to know who we are dealing with here.

Salaams Mr. Mambo
Yes, we are  very real and moving on. EACOIN is by and for Eastern Africans. Please see our FAQs on our site or read our whitepaper. No fake NGOs here.
Cant comment much as we are in the middle of our PRE-ICO. We crowdfunding ownership so not sure how we are doing this for a foreign investor.
 Anyway,we promised to go public when live and we did. We promised to do open and public PRE-ICO and we have amd we said we'd deliver this ready by the August 2017 deadline and we did. See the pattern? Come join us  4 days to go. Kimpo man, if the bounty is too low, just buy the real thing.. Dont settle for bounty scraps and airdrops, when you can get the real thing. The vast majority of our audience dont hangout here..its a little unique aspect of this versus a conventional PRE-ICO.

[larrybboothe]

The magnificent image of EACOIN cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

[CoinsToTheMoon]

The magnificent image of EACOIN cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

I see this quote in several forum posts, the user just subs out the coinname each time.   What is the deal with this?  Is it spam?

[CoinsToTheMoon]

What value proposition does EACOIN have over bitcoin or ether?  Why not use these currencies in Eastern Africa instead? 

[EACOM]

What value proposition does EACOIN have over bitcoin or ether?  Why not use these currencies in Eastern Africa instead? 

Good point.
 Well, here's 3 key reasons that we go into in depth in our whitepaper but in summary:
 1. This is  a  crypto revolution we joining.. a platform that is DECENTRALIZED and can enable a whole lot innovation by the PEOPLE just like BTC or Monero or Ripple compare against USD or Peso or yen. Am sure if you on this forum you  know the benefits of crypto vs fiat.
 2. East African colonial currencies are weak, manipulated by corrupt govts and thus  HORRIBLE in inflation. Think of  the Feds QE on steroids year after year. Dont trust me.. ..look for yourself  at any of their 5 year currency vs the dollar and see how you would be LOSING  by HODLing their currencies.
 3. BTC and ETH are good, but lets face it mining is an intense costly power consuming practice not ecofriendly at all and so not for everyone, much less 3rd world nations. ETH too is good but theres no marketplace of people who will stake it and offer it locally. With EACO, we have a community of backers- with local agents/vendors who will CASH out your crypto. Each region of Africa will now have their own coin just as each region of the world have their own alt-coin variants. Now THATS decentralization...we not looking for globalization of 1 crypto but the opposite, in an alternate setup where govts or inter-govt treaties  run by oligarchs cannot easily screw the avg citizen.

[EACOM]

Thank you all who participated in our bounty program. The last set of bounties for PRE-ICO were issued this past week. If you participated and havent yet received any bounty, contact us with your ETH address and  proof of work.

Looking forward to more bounty distros during the ICO period

[bairdpalate]

How is my account is protected? Which security systems do you use? How can I be sure my tokens are safe?

[EACOM]

How is my account is protected? Which security systems do you use? How can I be sure my tokens are safe?

Account protection based on systemic or nonsystemic risks? I'll try to answer both.

We are an ERC-20 CRYPTO employing zsnarks, keypairs and cold storage of private keys just like ZCash, Golem, Gnosis or other ETH token. So you can rest assured we dont hold your private keys and you can store them in your Trezor or Ledger Nano if you want the securest protection out there for your wallet account.
As far as systemic security, we ride on the ETH platform and monitor and lobby the ETH foundation on security frontiers. We expect that after the metropolis fork we should be able not only to enable safe refunds on wrong sendoffs but also eliminate the existing threat of quantum hacking with masking enabled.
Look at it this way,  if you hold fiat thanks to inflation you are guaranteed to lose at least 2% even in the strongest currency annually. In 10 years your "savings" will be 30% their value and in 20 will be half!

[EACOM]

ICO Date

The EACOIN ICO will be on January 30, 2018 and run for a month.

This is the official schedule in line with our timeline.  DO NOT accept any other offers or articles saying otherwise to invest. We are currently in BETA phase with tests on limited EACO amounts on decentrex but will end this just before our ICO period.

Stay tuned.

[Bfljosh]

Not convinced. Why should I give you my money?