ENTRY is a blockchain-based banking service designed to increase the flow of cryptocurrencies in the real economy. It is an AI empowered multi-utility financial platform. ENTRY is designed to allow people to use fiat as well as crypto currencies in their day-to-day purchases without really having to be concerned about the technology behind the system. ENTRY envisions becoming a truly global bank in the post fiat world. Its entire framework is structured to enhance utility of all crypto Tokens and simultaneously facilitate all those who still want to transact in fiat. ENTRY’s suite of products allows it to touch the financial lives of every crypto user and change it for the better. Entry.Money allows the users to deposit, store, withdraw and transfer fiat as well as crypto currency. The merchant will get the sales price in the currency requested less the applicable transaction fees.
PROBLEM AND MARKET SCENARIO
The financial crisis of 2008-2009 led the general public to lose faith in the global banking system. This distrust was one of the prime motivations in the birth of Bitcoin, a cryptocurrency developed by a person or a group of people named Satoshi Nakamoto. The loss of trust in the banks led to the emergence of a peer-to-peer “trustless” electronic cash system based on a technology called blockchain.
ENTRY.EXCHANGE VERSUS OTHER CRYPTOCURRENCY EXCHANGES:
ENTRY is a multi-functional platform with Entry.Exchange, Entry.Money, Entry.Network, Entry.Cash and Entry.Bank as major domains that integrate to improve the Token flow and liquidity of blockchain assets. The increased functionality leads to lower cost and higher efficiency. ENTRY will be offering its users a bouquet of interconnected services having multiple synergies. The case in point is Poloniex, the 14th largest stand-alone crypto exchange was bought for over $400 million; ENTRY with its multiple domains and strong cross selling opportunities to users would be able to create a strong market value for all participants and stakeholders involved. There are niche players in the market like Circle and Coinbase, focused on only some element, and still have estimated valuations in billions of dollars.
ENTRY Token is an electronic and virtual currency Token that will flow in the ENTRY ecosystem. It is the crypto-currency Token of ENTRY platform used for peer-to-peer transactions and micro payments. It will be the medium of exchange for transacting on the platform and availing ENTRY’s banking and financial services.
Benefits and Value of ENTRY Token:
● The company will offer saving account to increase ENTRY Tokens, prevent speculating. This will allow ENTRY holders earn interest on their holdings.
● ENTRY Token will motivate market participants to use ENTRY for transactions and savings as compared to speculation. This will allow the currency to grow into its role as
a store of value as compared to the current speculation hype in major Tokens.
● ENTRY Token will allow streamlining the functioning of the entire ENTRY platform and will help maintaining liquidity in ENTRY platform.