EVR : A BlockChain Based Electronic Bill System Safeguarding Businesses & Their Potential Investors From Volatile Investment Risks !!
As we all know, a business needs initial funding to start it's operations. This funding involves Owner's funding as well as Borrowed funding. But if we talk about Borrowed crowd funding, most of the companies runs their crowd funding sale to raise funds for their business projects. Now, in these crowd funding the main concern is the safeguarding of Investor's interest. Basically a private investor get nothing in assurance while making investment, whether small or large, in any business project. There's no system in place which can assure an investor about the safeguarding of his investment in a new business project.
With the advent of revolutionary Blockchain Technology, a platform (more like a system) has come into existence which can safeguard the interests of all the investors and their investment in a new business project by issuing them promissory notes which will guarantee the business owner's commitment towards investor's money raising through crowd funding.
This platform is known by the name of EVR - Electronic Bill System
EVR General Overview
EVR is Blockchain based Electronic Bill system which issues an electronic promissory note against crowdfunding of a business project through which a business can dictate their own terms & conditions of financing as well as providing safety of investor's money with legality.
EVR created an electronic promissory notes management system which was created completely in accordance with the Convention providing a uniform law for bills of exchange and promissory notes signed in Geneva in 1930.
The main objective of issuing a promissory not based on smart contracts is to safeguard the investor's investors and increasing the coordination between investors and businessmen. By using EVR promissory notes, a business can attract the investors across the Whole world without any country barriers as EVR tokens will be available for purchase through any cryptocurrency all over the World. Everyone can purchase it online sitting in the lavishness of his home.
What Problem Does EVR Solves?
There are numerous problems faced by a business when it comes to raising capital for a new project. EVR Solves all of them with ease while protecting the interest of potential investors in a new business project.
Let's have a look on What problems are being faced by a New Business nowadays:
Unfavorable Loan Terms By Banks & Financial Institution
When a businessman goes to a bank for raising funds for his ambitious new project, then generally the untidy and over exploitative terms & conditions of loans makes him feel less ambitious for his project and eventually makes the project not so
lucrative and non-profitable.
This is where EVR system comes. EVR system helps a businessman to set his own terms & conditions while raising funds from in a crowdfunding while safeguarding the interests as well as the investments of Investors, eventually making business lucrative and profitable for both investors and businessman.
Income Received Through Crowdfunding Subject To Heavy Income Tax
Generally the income or funds received through crowdfunding by any company are subject to income tax and will be treated as income in the Financial year they have been incurred.
In this case, the whole idea of crowdfunding goes futile and eventually Business becomes unattractive.
But now, with the revolutionary EVR system, the crowd funding will be taken as Borrowed fund and there will be no tax implications over it, making business more successful, lucrative and profitable for both investors as well as businessmen.
No Guaranteed Commitment For Investors
In case of General crowdfunding, the investor's interest are not protected by any legal instrument and if the company goes insolvent or just run away with investor's money, then they can't do much about it.
But now EVR can help the investors to get fully satisfied regarding the guarantee of their investment safety. The whole central idea behind EVR is to provide safety to the investors in the form of EVR Promissory notes when no one tries to provide it.
EVR Tokens
EVR Tokens are the in-built currency of EVR billing system which provides the access of investment projects to investors from all around the world, to account the investor-emitter relationship by using the smart contracts and using EVR tokens as an off-line accounting unit.
EVR token is an instrument in which all the obligations of a specific business project will be electronically emitted ensuing from a bill.
Each EVR token will cost €1 .
How Bill of Exchange Will Be Formed & Why It Would Work Greatly?
EVR works greatly because of following unique features:
EVR understands the importance of investors and safety of their interests. So, it provides the investment security to each and every investor by issuing them a promissory note in form of a EVR token protected legally against the business they're investing their money in.
EVR have managed to computerize debt relationships, using promissory notes in paper form and blank endorsements. The EBS also has an integrated bill accounting system which makes it unique and highly promising.
EVR Token is a payment instrument which simplifies the coordination and investment relation between the investors, the EBS and the emitters. It is also a storage which contains data on obligations ensuing from a bill.
EVR ICO Crowd Funding
EVR's first stage of crowd fund is live now. Every crypto investor is welcome to take part in it. There are no restrictions as to the investment in the ICO stage first.
A limited number of EVR tokens will be released during the first phase of ICO and each funding stage will be linked with lucrative discounts on tokens. After the fundraising stage, a plan on testing and developing new services will follow, depending on how much money has been raised.
Once the new services are developed and put to use, the investors will be given access all those services and will be able to exchange their tokens for the EBS bills (the rate is 1 EUR = 1 EVR) or they can received a bill of same price in order to reap future benefits. The bills will be able to be en-cashed in the market.
The EVR tokens will be Ethereum based and can be easily stored in Ethereum Wallet either online or offline.
The token's will be available at certain percentage as per the investment received during each stage of ICO.
The token's price is at ...% of its planned face value:
50% if less than 200000 EUR has been raised
40% if less than 400000 EUR has been raised
30% if less than 548000 EUR has been raised
Tokens Distribution
There will be a total amount of one billion tokens created, of which:
548 000 will be purchased by the investors during the presale stage, and 50 Million -- during the ICO.
A total of 50 Million tokens will be purchased by the investors, the rest 950 000 000 will be transferred to the currency exchange office.
So go and join their first stage of ICO and become the part of the Future of Crowd Funding Payment System.
Author: @cryptonet