Etch ICO to the moon

[orbitlense]

No full understanding of the prospects so far...however the project is really attractive one

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[CrazyCreeptonaut]

look at this Account inflation..:/
ETCH is not unique and not useful
just want to get some money
that why i almost never invest in ICO's...

[hannahbanana]

not sure how certain things will work still i.e is it an app? how does the remittance work?

[Etch_Work]

Anyone know anything about the tokens

i.e. how much theyre worth, the cap etc...

Token name: ETCH

The sale has a hard cap of £5m, or 25,000 ETH fixed at £200.

The total amount of ETCH issued is 100m.

The total amount of ETCH distributed during the public sale is capped at 40m.

20m ETCH tokens will be locked by the Etch foundation for 12 months.

1ETH = 1,600 ETCH tokens.

[Etch_Work]

look at this Account inflation..:/
ETCH is not unique and not useful
just want to get some money
that why i almost never invest in ICO's...

Etch is the world's first blockchain based payroll system to use smart contracts to stream wages and remittances in real-time.

Streaming services like Spotify, Netflix and YouTube have completed transformed how we consume media. Streaming wages and remittance is a much more fundamental change in how we do things. There will be no payday or payday loans, we have what we need as soon as we have earned it.

This revolutionary concept is even discussed by Ant Antonopolous. https://www.youtube.com/watch?v=gF_ZQ_eijPs&feature=youtu.be&t=1048

We're one of the only blockchain token sales who have actually done our due dilligence properly around launching this company. Here's a 27 page legal doc from the oldest law firm in London: https://app.etch.work/static/files/Etch%20ICO%20Terms%20%26%20Conditions.pdf

If we really "only wanted money" we would be aiming for £100m and spending shit loads on hype instead of asking for £5m and saying - we will build this company regardless of the fundraising outcome because the world needs it.

[Etch_Work]

To the good people at ETCH,

I've noticed there is very little information regarding tokens and token distribution. All I seem to see is the value and market cap. As I am currently the second biggest investor in your tokens to date at a whopping 2.12416228 ETH I would like to know when I could expect to see the fruits of my Ether? I would be happy to invest many more of my ETH if I had a little more feedback. I'm sure there are many potential investors out there thinking the same. Also you don't seem to be listed on any upcoming ICO websites. Just a thought.

Kind regards
Anonymous ETCH investor

Hi Lemmytron,

Thank you for your support, I understand your concern.

We have been advised not to issue any tokens until post sale to avoid any accusations of insider trading or risk looking like a ponzi scheme. When tokens are released, individuals are suceptible to getting hacked or could even start trading tokens on a secondary market, undercutting our own token sale.

The implications for other ICO's distributing tokens immediately and promoting staged bonuses risk this coming back to bite them in the ass in a big way.

As for the ICO website listings... Again it's something we're moving ahead with carefully. We created self imposed hurdles in our pre-sale to only accept a small amount of money from certain investors while our legal team and other partners continued to navigate this space with caution. We have approval to broaden the scope of which counties we accept token sale contributions from. It's a level of restraint that is uncommon in this industry but one that is required to succeed long term.

We are aiming to raise £5m and we have to be sure we get an ROI on marketing budget from our pre-sale in addition to tokens we promise to marketers post sale. Many ICO listing sites can't show a good ROI. We're obligated to use our budget responsibly. Particularly as we are committed to delivering this project regardless of the fundraising outcome.

[Etch_Work]

No full understanding of the prospects so far...however the project is really attractive one

technology ultimately facilitates more customer-centric business models. Streaming services have hugely disrupted the media industry over the past decade. Netflix, YouTube, Spotify etc. But this is just media.

Traditional financial services do not provide enough value to people. FinTech has had a decade to solve these problems and has so far failed.

Approximately ⅓ of employees in the UK and ½ of workers in the US and Canada live paycheque to paycheque. That percentage is consistently high and these are the developed nations! What about migrant workers who have to leave their family to search for opportunities abroad? If they live paycheque to paycheque, their families are surely living hand to mouth. So what happens if your car breaks down, you have an unexpected bill or school uniforms cost more than you thought? Take out a payday loan? Fall into that vicious cycle. It doesn't need to be that way! Blockchain has created new possibilities and we are committed to delivering financial security to the masses.

We will deliver wages and remittance second by second, day by day when people actually need it. In the future there won't be a "payday" and especially not a "payday loan"

Please see our official thread below for more info.

https://bitcointalk.org/index.php?topic=2145284.msg21461188#msg21461188

Thank you

[Etch_Work]

ETCH ? what is that ?
what is the benefits we get for invest to that ico ?

We are building the world’s first blockchain payroll platform which streams wages and remittances in real-time. Using a blockchain, which is the realisation of triple-entry accounting on a shared ledger, to solve inefficiency issues in payroll makes for an obvious and straightforward use case for solving an outstanding set of business problems.

Streaming services like YouTube, Netflix and Spotify have massively disrupted their own industries by delivering on convenience and practicality. Imagine what will happen to financial services when we begin streaming wages and remittances in real-time instead of monthly blocks.

Play around with an alpha demo on our website. We've run its first pilot successfully. https://etch.work

Why are people slow to take up FinTech offers? Who really cares about switching bank providers for 0.5% interest more on their savings, if they have any.

Etch solve a payroll problem for businesses and issue EtchPay cards to every employee and their families. Capturing thousands of B2C customers for every B2B client. We bring payroll, payments and remittance under one roof in one seamless solution that eliminates the need for bank accounts, other pay cards or remittance services.

Etch tokens are available for 12.5p each. 1 ETH = 1600 ETCH

We will deliver our solution regardless of the outcome. We have much news to release and know we can.

Check out the Construction Blockchain Consortium, we're the first project to emerge out of it. Our CTO sits on the technical committee. https://constructionblockchain.org

Official thread: https://bitcointalk.org/index.php?topic=2145284.msg21461188#msg21461188

[Etch_Work]

not sure how certain things will work still i.e is it an app? how does the remittance work?

The first phase is a web interface with automated straight-through payroll processing logic built in.

Second iteration is to unveil a mobile app which employees use to manage their own finances.

Remittance facilities are set up between employee and their family to deliver low cost remittance services second by second instead of current models which require a worker get paid at the end of the month then remittance services take another week to process a transaction plus a high fee.

[Etch_Work]

The ICO project, which makes it possible to receive wages in real time, looks tempting. ETCH tokens created during this project should be popular. However, the period of such implementation of this project into practice, most likely, will take quite a long time.

Thank you Argoo.

We have completed our first pilot with a second lined up.

You can play with our alpha platform on https://etch.work or just watch a video of how it works on YouTube: https://www.youtube.com/watch?v=mlEBmMrEhPU&t=2s

Using what is essentially an accounting technology to create a payroll platform is about as straightforward as blockchain projects get.

We are speaking with tax computation services and utilising our connections at the CBC to expedite our delivery. https://constructionblockchain.org

[jarjar91]

To the good people at ETCH,

I've noticed there is very little information regarding tokens and token distribution. All I seem to see is the value and market cap. As I am currently the second biggest investor in your tokens to date at a whopping 2.12416228 ETH I would like to know when I could expect to see the fruits of my Ether? I would be happy to invest many more of my ETH if I had a little more feedback. I'm sure there are many potential investors out there thinking the same. Also you don't seem to be listed on any upcoming ICO websites. Just a thought.

Kind regards
Anonymous ETCH investor

The fundraising is picking up fast, especially with the announcement of the partnership with KPMG

https://www.journalism.co.uk/press-releases/etch-ico-to-revolutionise-payroll-platform-boosted-by-kpmg-collaboration/s66/a710901/

[jtothew]

The ICO project, which makes it possible to receive wages in real time, looks tempting. ETCH tokens created during this project should be popular. However, the period of such implementation of this project into practice, most likely, will take quite a long time.

anyone know the global value of this industry? if it is a long term investment I want it to be worthwhile

The global value of remittance is $400 billion. I believe the payroll outsourcing sector is valued at around $17 billions a year: http://gpa-global.org/wp-content/uploads/2017/01/January-2017-Trends-2017-Global-payroll-outsourcing-growth-outpaces-rest-of-market.pdf

[Whitefalcon]

must much promotion
because token sale is drop now
if want continues and grow
but that just my advice

[dida]

Where you can buy ETCH tokens..is there any exchange?

[hiwainmoto]

Excellent project,ive invested 5.ETH for the ETCN tokens and ive been holding it for while,if you still dont have the tokens grab it until you can or you will regret it hoping for its success.

[dida]

Excellent project,ive invested 5.ETH for the ETCN tokens and ive been holding it for while,if you still dont have the tokens grab it until you can or you will regret it hoping for its success.

...where I can grab them?