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Topic: [ANN] EQUIBIT (EQB) 📈 A P2P Decentralized Securities Platform 📈 - page 4. (Read 30425 times)

member
Activity: 104
Merit: 10
https://www.equibitgroup.com

We're building a decentralized securities platform called... Equibit



Equibit Crowdsale Closed

APRIL 3, 2017

Friday, March 31st, marked the close of our initial coin offering, an event that brought together visionaries who see the potential for innovation within the capital markets, members of the crypto-community attracted by an existing, mainstream use case for blockchain application, as well as established participants from the securities community. We want to offer our sincere thanks and appreciation to everyone who participated in the ICO.

"We're thrilled to see the value of the Equibit system validated by the community in this way,” says CEO Chris Horlacher. “Big things are on the horizon and it's all thanks to these early supporters!"

With 229,301 equibits (“EQB”) sold, we’re very pleased that the ICO has crowdfunded a significant amount for us to hit our initial development milestones. In total, roughly USD $570,000 (CAD $760,000) worth of equibits were sold.

All purchased equibits will automatically be deposited into user accounts at EDC’s web-wallet service. EQB tokens may be traded between users and, upon authorization by an issuer, represent an equity or debt interest in the designated company. The remaining equibits from the sale will be held, as per our sale terms and conditions.

Next Steps

With the close of the ICO we move into the next phase on our roadmap; releasing Github repos to the public for both the EDC Web Portfolio, or wallet, and Equibit Core for full Equibit mining. EDC has retained the services of Bitovi, a prominent Chicago-based design and development firm, to develop the Web Portfolio trading platform and progress has already been shown.

“The designers at Bitovi are really, really examining the whole user experience of creating your wallet, administering the security, how information is displayed to you and how you encounter it in your day-to-day use of the application,” explains Horlacher.

Experts in creating high-functioning applications for groups like Cision, T-Mobile, and Walmart, Bitovi is adept at creating products for a wide range of use cases and high volume of users.

New to the crypto space for enterprise clients will be EDC’s Supernode with certified FIPS 140-2 encryption. The Supernode will also allow companies to easily build industry-leading Bitcoin and Equibit infrastructure with hardware-based encryption ensuring powerful, and stable, performance.

Project discovery and preliminary design work for a minimum viable product (MVP) is underway, led by EDC’s Chief Technology Officer, Marc Godard. In alignment with the roadmap, Bitovi plans to have the first version of the Web Portfolio ready to meet the June milestone.

“We’re really excited to be involved at base level with a high-profile project like Equibit,” said Bitovi CTO Brian Moschel. “Chris and Marc have a strong vision for what a successful blockchain application looks like, and I think EDC is on the right path to lead the industry.”

Additionally, we’ve also further scaled our team, bringing on two new seasoned developers to accelerate product development. Please watch for an announcement on our website regarding these new additions to the EDC team.

The next phase is an exciting one for EDC as we switch gears and focus our full attention on development. Blockchain has enormous potential to decentralize aspects of the financial industry, disrupting the status quo with innovative new ways to handle transactions, securities clearance, and trading. We’re proud that EDC is at the forefront of this innovation.

EDC is looking to significantly improve the issuer and investor experience, all based on the Equibit blockchain allowing for easy securities registration, direct peer-to-peer communication, increased OTC market transparency, and industry compliance.

This is the first in a series of monthly company updates sharing our progress as we work towards our milestones and all related Equibit news.


Blogpost originally appeared on Equibit's News Page: https://equibit.org/post/equibit-crowdsale-closed/
sr. member
Activity: 246
Merit: 250

We're building a decentralized securities platform called... Equibit



The Equibit crowdsale is officially closed.

We would like to extend a sincere thank you to all participants as we now shift our focus to the next phase of development.

We will be releasing another announcement this Monday which will detail what is to follow in the coming weeks.

We thank everyone for their support of Equibit and look forward to this new and exciting chapter.


You are a large company, but you didn't have bounty? This is the failure of the ico, no translation bounty, no signature bounty, actually they would double your fund if you have them.
member
Activity: 104
Merit: 10
https://www.equibitgroup.com

We're building a decentralized securities platform called... Equibit



The Equibit crowdsale is officially closed.

We would like to extend a sincere thank you to all participants as we now shift our focus to the next phase of development.

We will be releasing another announcement this Monday which will detail what is to follow in the coming weeks.

We thank everyone for their support of Equibit and look forward to this new and exciting chapter.
member
Activity: 104
Merit: 10
https://www.equibitgroup.com

$546,786 raised so far might seem like a small amount compared to other big ICOs, but if the funds are sufficient for continuing the development of the project, small cap ICO is actually better for investors because there will be bigger space for growth which might increase the price of the token.

If I am not mistaken there will be more rounds of ICO after this. Many ICO projects try to raise millions at once without having actually developed something. I prefer the way Equibit is doing the ICO, raising money in series and combining VC and crowdsale.

I wish you best of luck with the further development of decentralized securities platform!

We appreciate the support, thank you.

As our COO, Nathan, put it on Slack:

We cannot comment on something we have not made any official announcements about yet and/or have discussed privately. Once we have something public to say we'll be letting you all know.
 
It wouldn't be fair for us to make official comments on anything except what we have already stated within our terms. We're always appreciative of feedback. News and a summary is coming regarding the current ICO, and we are continuing to make developments regarding our platform.
member
Activity: 104
Merit: 10
https://www.equibitgroup.com
Crowd sale ends in 12 Hours
https://ico.equibit.org/

Thanks for sharing, we have updated the countdown in the OP too.

The end time is set for 12:00 AM Eastern Daylight Time (EDT) April 1st.

ICO ENDS IN:

sr. member
Activity: 462
Merit: 250
full member
Activity: 200
Merit: 100
| BITCOIN | MONERO | STRAT |
the ICO result seem not well

Depends on what you compare it to. From our perspective we did pretty good.
We also raised 150K USD in 2015 through a VC investor on top of the ICO.
We have enough funds to continue development of Equibit. 

$546,786 raised so far might seem like a small amount compared to other big ICOs, but if the funds are sufficient for continuing the development of the project, small cap ICO is actually better for investors because there will be bigger space for growth which might increase the price of the token.

If I am not mistaken there will be more rounds of ICO after this. Many ICO projects try to raise millions at once without having actually developed something. I prefer the way Equibit is doing the ICO, raising money in series and combining VC and crowdsale.

I wish you best of luck with the further development of decentralized securities platform!

yes , if they deliver good , not a fan of ico's which are not backed by vitalk and eth foundation
member
Activity: 67
Merit: 10
ICOindex.com enables you to find the best ICOs
the ICO result seem not well

Depends on what you compare it to. From our perspective we did pretty good.
We also raised 150K USD in 2015 through a VC investor on top of the ICO.
We have enough funds to continue development of Equibit. 

$546,786 raised so far might seem like a small amount compared to other big ICOs, but if the funds are sufficient for continuing the development of the project, small cap ICO is actually better for investors because there will be bigger space for growth which might increase the price of the token.

If I am not mistaken there will be more rounds of ICO after this. Many ICO projects try to raise millions at once without having actually developed something. I prefer the way Equibit is doing the ICO, raising money in series and combining VC and crowdsale.

I wish you best of luck with the further development of decentralized securities platform!
hero member
Activity: 767
Merit: 532
Last day of the ICO, grab some while it's open!
member
Activity: 104
Merit: 10
https://www.equibitgroup.com
Will you be in and around the Toronto area on April 25th? If so, join us for #FintechTO.
A meetup bringing together leaders and innovators in the financial technology sector.
Our CEO Chris Horlacher will be a speaker.

Buy your ticket(s) at: https://ti.to/techtoronto/fintechTO-april2017


full member
Activity: 192
Merit: 100

Thanks for the information, according to the OP, ICO started from 1st of February? Is there any threshold for the project and target to raise?

Yes the ICO was running for 2 months.

We have a roadmap here: https://equibit.org/post/edc-reveals-roadmap/

Yeah, like you said, signature campaign is important, you would start the ico with campaign, that would definitely raise more money than current amount. Anyway, 500k usd is decent. What is your target to raise?

Their target was roughly $7 million.
sr. member
Activity: 247
Merit: 250

Thanks for the information, according to the OP, ICO started from 1st of February? Is there any threshold for the project and target to raise?

Yes the ICO was running for 2 months.

We have a roadmap here: https://equibit.org/post/edc-reveals-roadmap/

Yeah, like you said, signature campaign is important, you would start the ico with campaign, that would definitely raise more money than current amount. Anyway, 500k usd is decent. What is your target to raise?
member
Activity: 104
Merit: 10
https://www.equibitgroup.com

Thanks for the information, according to the OP, ICO started from 1st of February? Is there any threshold for the project and target to raise?

Yes the ICO was running for 2 months.

We have a roadmap here: https://equibit.org/post/edc-reveals-roadmap/
sr. member
Activity: 247
Merit: 250
Found your advertisement on coinmarketcap.com, since a few layers are sold out, and do you offer bounty for us? Good luck anyway.

Not right now, but we may consider a signature campaign in the future.

Thanks for the information, according to the OP, ICO started from 1st of February? Is there any threshold for the project and target to raise?
member
Activity: 104
Merit: 10
https://www.equibitgroup.com
the ICO result seem not well

Depends on what you compare it to. From our perspective we did pretty good.
We also raised 150K USD in 2015 through a VC investor on top of the ICO.
We have enough funds to continue development of Equibit. 
member
Activity: 104
Merit: 10
https://www.equibitgroup.com
Found your advertisement on coinmarketcap.com, since a few layers are sold out, and do you offer bounty for us? Good luck anyway.

Not right now, but we may consider a signature campaign in the future.
sr. member
Activity: 247
Merit: 250
Found your advertisement on coinmarketcap.com, since a few layers are sold out, and do you offer bounty for us? Good luck anyway.
member
Activity: 104
Merit: 10
https://www.equibitgroup.com
We are hard at work on delivering the wallet and blockchain, as we stated we are happy with the result of the ICO.

We will make a post ICO announcement in the next few days.

We are building a platform, not sure what news are you guys looking for but we can't make announcements up.

If and when we have something to announce we'll make sure to release it on our news page and here.

As mentioned, we will also release regular developments updates as that will be our focus after the sale and beyond.
newbie
Activity: 26
Merit: 0

Blockchain: The Internet of Transactions

With the recent introduction of IBM’s Blockchain-as-a-Service, IBM Blockchain for Hyperledger Fabric v1.0 beta program, we see a significant push for blockchain to enter the mainstream. We’ve already seen notable groups make moves towards exploring blockchain for their industries, including Nasdaq Linq and consortiums of Canada’s and the US’s biggest banks, but an enterprise offering further confirms and validates the use cases for existing businesses across all industries.

A Linux project, Hyperledger is an open, enterprise-grade distributed ledger framework and code base that has the ability to “transform the way business transactions are conducted daily.”

“It has become a way of organizing open source blockchain projects,” explains IBM Blockchain.

Fabric is IBM’s contribution. As a whole, Hyperledger Fabric “is an open source, modular, multi-channel transaction network built and maintained by the Hyperledger community.” Noted use cases include supply chain, capital markets, manufacturing, and healthcare.

An inherent value of [Suspicious link removed]pliance is at the very heart of the technology; instead of needing a regulator to monitor transactions for breaches, a blockchain’s code can set the rules with its network thereby maintaining compliance for each transaction.

Simply put, due to the nature of blockchain itself, the technology provides existing businesses with a much more efficient and cost-effective way of executing financial transactions, storing supply chain data for simpler reconciliation and ensuring trust and accountability across a wide and multi-layer network.

There have been multiple notable reports recently extolling these very virtues of blockchain technology, including a New York Times article discussing IBM’s partnerships with Walmart and shipping company Maersk to innovate supply chain management and an article from Harvard Business Review looking at how blockchain will transform the financial system. As such, where EDC sees the greatest benefit for mainstream adoption of blockchain is the increasing need for transparency - where appropriate, not all information across a distribution network needs to be shared with every party involved - secure transfer of assets and data, and easy dissemination of widespread communication.

EDC is early to develop blockchain technology dedicated to the capital markets, having built a public blockchain called Equibit; a decentralized platform that allows for the secure issuance and transaction of securities. Operating as an over-the-counter market, Equibit has a built-in client base; issuers and investors looking for enhanced security, efficiency, investor communications, and transparency within the typically shrouded markets.

Home to a majority of global trading volume, the Equibit blockchain provides issuers and investors with a much more streamlined OTC markets experience; no longer will there be a need for costly third party depositories or transfer agents, and trades and peer-to-peer communication will take place within the same platform.

Amongst groups looking to innovate existing business models with blockchain technology, a synopsis can be made: in order to successfully scale operations, businesses require improved methods of confidential and secure transactions between parties within a business network, a more streamlined system of communication in which information is transferred only between the necessary parties, and a network that ensures trust, transparency and accountability amongst users.

With security being one of the highest priorities for our increasingly digital world, blockchain technology is certain to move further into the mainstream. We look forward to being part of that momentum.


Article first appeared on Equibit's News page: https://equibit.org/post/blockchain-the-internet-of-transactions/
"We will never dump them. We are happy with our funding so far. However, we will try to raise more when we have a lot more to show."
is it right?
we need more news
sr. member
Activity: 275
Merit: 250
It's quite confidence shaking that the team 1. can't manage to work out a tiny bug with the countdown on their ico website or 2. don't care enough to bother.

You guys really aren't trying very hard to please your investors. You say you're satisfied with the amount you've raised. How can that be, only 7% of the target has been reached and the ico ends tomorrow?

Also it was stated that there would be announcements leading up to the end of the ico; what are you guys waiting for? The blog post yesterday was hardly an announcement, it was more an observation of the industry as a whole. Come on already. You guys have been around for a minute, you knew what to expect before launching this ico. If there was good news, why would you wait until the ico end to announce it?

We will have more announcements after the ICO as well as regular development updates, stay tuned.

It is clear you just don't want to reply to some honest comments. Again, you do not answer any question or remark but just reply with an empty phrase. Similar to the 'update' from two days ago, which does not say anything about equibit...
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