Topic: Etch ICO to the moon - page 2. (Read 1488 times)

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

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

this would be an interesting update to watched out, what would be the answer from this would be the game changer promoting your coin and provide good advertisement inside and outside the forum is really important to gather attentions and followers, investors also looking for the support behind the project
if you can showcase the benefits and the advantage of this project of yours it will interest many of us here dev. good luck.

Also your website says that you have already started running trials with this tech, can you give any more details about that?

How do you plan to scale your business as it, and the ethereum blockchain grow?

Hey Adam, I'll take that as a challenge :-)

Stay tuned

Hi,

Etch's service is built around payroll and that working relationship. Firstly Etch is a payroll system which is reducing time and cost for employers as the platform is blockchain based and can execute transactions automatically with smart contracts. Letting wages flow into your account in real-time is essentially like bringing a streaming service to wage payments.

Think how streaming movies, music and other content has changed the world. Then imagine what effect that could have when applied to something more fundamental to life like being paid. If you could be broke on Monday morning but have money in your account to buy lunch by midday. Or if your car unexpected breaks down, not needing to rely on a payday loan to make ends meet and risk that debt trap. Having the peace of mind that you are getting paid what you're due and you don't have to worry about your employer paying late / the wrong amount / going bankrupt and screwing you for what you're owed.

We will also allow for real-time remittance which will mean migrant workers can support their families instantly and at a lower cost than other remittance providers. If you need to leave your family to support them from abroad, I daresay it's because they really need the financial support, so this can only be a good thing.

Etch relies on two types of tokens to work. The first ETCH token gets consumed in using the payroll platform. The second token is an EtchPay token which is a "stable token", one that's pegged to fiat and avoids the fluctuations of other crypto's and makes being paid this way easy to work with day to day. Etch will also issue EtchPay cards that allow these wages to be spent as fiat anywhere.

Etch unifies payroll, payments and remittance, cutting out as many unnecessary middlemen as possible to deliver maximum value to employers and employees. This helps create a more profitable working contract for everyone involved.

The distribution is anticipated to last for 30 days, com- mencing on September 18, 2017 at 6 PM BST, and completing on October 18, 2017 at at 6 PM BST.
ETCH will accept contributions only in Ether.                  
Hard cap of £5m, or 25,000 ETH fixed at £200.         
No min cap.
Token name is ETCH                  
Total amount of ETCH issued is 100m.
Total amount of ETCH distributed in public sale is 40M.   
20m ETCH tokens locked by Foundation for 12 months.      
1 ETH = 1,600 ETCH Tokens.

Nice web site and nice project but less insterest.
https://etherscan.io/address/0x00BF5e0c2566Eb1878Ff0AeF458F7A39dFE92254

they only get 2 ETH for now. They didn't make any promotion to make this token sale popular.
will not join before they get some good amount of funds.

This just like you are shilling to the etch but this is my first time to see about this project. But is there an announcement thread about that? I just interested to learn more.

Okay, all I can see now here is that Etch makes your salary "flow into your wallet". In other words, you're just getting paid in crypto. But how will Etch be any different from something like BitWage? Hasn't that and other companies for years already make it possible to get your paycheck in crypto? Or have I completely missed the mark here. The only thing I can see different is Etch makes it "accountable". Not clear exactly how, though.

Anyone know anything about the tokens

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

Thank you for sharing, will definitely look in to this.

Thank you.. The US will certainly be interesting to crack considering their sprawling tax laws and jurisdictions.

That being said we have no doubt that smart contracts can take care of payroll and tax more effectively than any current system. The fact that there are existing payroll systems which can account for this already show it is possible!

Our token sale begins on the 18th September, remember to check https://etch.work for details.

Wow nice! I saw a stat recently saying that a third of the people in the UK live pay check to pay check. This project looks as if it could really give people more comfort, especially in the construction industry where paycheques are unpredictable. Really excited for this project

Having investigated Etch (Website: https://etch.work/) I can say that I am comfortable to invest in their tokens. Here is a short analysis that I have done.

Social scalability: Etch's main objective is to revolutionise payroll, they are the only company that has looked to do this since the industrial revolution. Most employees in the world have an inefficient payroll, therefore Etch has a fantastic social scalability.

Competition: Etch has no competitors in Blockchain at this moment. They specialise in real time payroll and real time remittance.

Tangible progress: Etch already have a pre alpha demo of their product up and running which .

Growth: Etch are already part of the Construction Blockchain Consortium and offer benefits to the largest construction companies and other major players (https://www.constructionblockchain.org/). Their CEO Euros is in charge of the NOMAD community in London who are 800 strong. Etch already have a set plan to grow their project. I understand that Etch has also worked closely with the law firm Flag Gate to ensure the legitimacy of their token sale (bonus points here).

Although this project looks great, payroll does seem like a straightforward use of blockchain but I do wander how long it will take for this to fully integrate into the regulatory systems. Especially ones such as the US.