EASH
The first selfloan platform based on blockchain and smart contract. - Make Loan process easier and affordable.
• What is Eash?Eash is the first self loan smart contract runs on Ethereum blockchain. The Eash platform allows everyone to apply for a credit loan without any collateral and only need to pay as low as 1% interest, best of it is no repay deadline limit. And your apply will be getting approved by smart contract, guaranteed!
• Why we want to create Eash?Nowadays, credit loan or payday loan are controlled by some large greedy financial institutions, they are charging 5-10% interest per month, and will deny your application without any reason no matter you are always repaid on time.
So Eash was created, we aim to provide the lowest interest credit loan to everyone: anonymous, guaranteed and decentralized.
• How to apply for a credit loan?Any GA(generate address) can apply for a credit loan that pays with EASH token. You can get a GA for free by asking other GAes to vote for you.
At the beginning, as there are no many GAed exists, and for avoiding cheating to the system, early users need to pay a small fee as low as
0.01 ETH to become a GA.
EASH token can be exchanged to ETH/BTC/Fiat money, it is also a money-making system although it only charges 1% per loan. So it will have nature value better than other no purpose tokens.
• How it works?How it works if no collaterals asked and running as anonymous and decentralized system?
The Key point of Eash platform is the positive reward system running on ethereum blockchain.
GA will be level up when they loan and repay enough amount of EASH tokens. And they will be rewarded by Eash platform generously if they repay all loans. The reward process is similar to mining bitcoin or ethereum, so we call it auto-mining for EASH.
The reward amount will be larger than the loan amount. If GA repays the loan, they can get 150% - 250% per year by auto-mining.1. Each time when GA repay the loan, he can apply for larger amount loan from the smart contract immediately.
2. When the repayed loan amount reached a certain one, GA will be upgraded. When GA reaches 26th grade, it can start automaticlly mining, the profit would be 35% per year. High mining profit will stimulate GA to repay their loans.We are building the Eash system based on the simple and hopeful assume: GA will be likely to repay the loan if they can get much more reward than run away, and they always can get a loan if anytime needed, guaranteed by smart contract.
• What advantages Eash have?1.More user-friendly than most other lending platform. No KYC, no credit score requirements, and no repay deadline limit.
2. Low loan interest with high mining profit. Loan interest is permanently 1% while your auto-mining profit can be as high as
150% - 250%30% per year.
3. Referrals can be continuously rewarded. You can get tokens rewards by refer people to join Eash. The direct referral get 400 tokens as rewards while the indirect referral get 200 tokens reward. Also, each time when the people referred buy tokens, the direct referral get 5% of the total token amount, while the indirect referral get 1%.
• Distribution- Total supply: 100 billion
- Initial supply(ICO): 1 billion
- AirDrop: 20 million
Note: All the tokens left after ICO and airdrop will be locked in the smart contract as loan fund pool.
When the smart contract officially launched, NO ONE include the development team can manipulate it. Our smart contract will be open source in a few days, everyone can check it on github.
• ICO Details: Name: Eash
Symbol: EASH
Type: ERC20, Ethereum based token
Total supply: 100 Billion EASH
Time: Nov, 25 2017 12:00 PM UTC - Dec, 25 2017 12:00 PM UTC
Total supply for ICO: 1 Billion EASH
• ICO Pricing: First 200 million, 80,000 EASH : 1 ETH
Then 300 million, 70,000 EASH : 1 ETH
Last 500 million, 60,000 EASH : 1 ETH
• Free Airdrop- 20 million Eash tokens, will be allocated for the airdrop.
- The airdrop will start on November 10th, 2017 at 8:00 UTC and last until valid participants reach 10k people..
- The airdrop will stop immediately when the total airdrop supply (20 million Eash tokens) are all claimed.
- All the remaining tokens that haven't been distributed after the airdrop, will be kept in the smart contract for loan.
• How to Participate in Airdrop• Airdrop Rules The following rules apply:
- 1.One person can only apply for once. If it is discovered that multiple applications belong to the same person, all applications will be banned from the airdrop.
- 2.Only members' rank equal or higher than Junior member are eligible to apply.
- 3.All accounts registered on bitcointalk.org after November 10, 2017 are not qualified.
- 4.Bitcointalk accounts with negative trust are not qualified.
- 5.Your Twitter account must have at least 100 real followers before you retweet.
- 6.All accounts accept airdrop need to keep 90% of the tokens received on the account during the whole airdrop period.
- 7.All accounts who accept airdrop should pay close attention to Eash Token including our ANN thread and website and twitter or others from official.
- 8.Final explanation right belongs to the Eash Token Dev Team.
• Roadmap- Q4/2017 Testing the contract. Launching the project, web app. Finishing the ICO.
- Q1-Q2/2018 Market promoting. Android and iOS app.
- Q3/2018 Pushing on the cooperation with DAOs,such as BitNation, as kind of virtual social service. Enrich Eash's ecosystem, make sure Eash work as a third-party self loan smart contract service provide on
blockchain as its market position. - Q4/2018 Use Big Data Analysis and artificial intelligence algorithm to optimize numerical system, and enhance the system's ability to resist systemic risk.
Considering the rapid development of blockchain technology and the use of more practical technologies to develop the next generation of better, strict mathematical model based self-loan platform.
More details will be updated after the airdrop completed.
Any future update and announcements will be posted here !If you have any ideas, feedbacks please send us a PM or Email:support@eash.io.Welcome to join our telegram group for discussion:Telegram. Web APP will be launched soon:
Important Note:The Eash concept is not only new but also unique, so all of your precious advice will be highly appreciated. We will continually modify and optimize our upcoming APP after it's been tested by public.
