Enter Button - Finance with Culture & Human Art

cryptoinmind (30)in #entc • 3 years ago

Overview

In modern society, mortgage loans through real estate and vehicles have become the simplest and most efficient means of liquidation used by anyone, while the advent of blockchains and bitcoins has changed the game of consumer finance, and a new form of finance called Defi has emerged. The blockchain token market, which started with decentralization in the conventional centralized market, has made huge progress and still continues to grow. However, in the COVID-19 era, the liquidity of individual consumers is bottoming out. The reality is that even if they want to get a loan, they do not have any assets or are craving for new finance due to loans that have already occurred.

'ENTER BUTTON' aims to provide a new environment for this liquidity market and bring the potential luxury asset market to the surface by offering a user-friendly and convenient UI.

What is Enter Button?

Enter Button aims to provide secondary liquidation market loans with luxury assets. Secondary liquidation refers to a method in which luxury assets provided as collateral can be grouped into large categories with the consent of consumers, to allow operators to implement secondary liquidation through financial institutions, and use the funds again to form higher BM than the same amount of capital.

In other words, operators execute loans with one luxury asset as collateral and bundle them together to raise liquidity funds to provide a high valuation to consumers who need the initial loans as much as the expected return through the secondary BM. Through this, consumer needs and operator risks can be offset at the same time.

ENTC Blockchain

ENTC provides a reliable block system that is automatically verified through blockchain technology, and value storage through NFT. Being user-friendly, ENTC's UI implements and provides All-in-One Asset Management which is easy to use from the beginning to the end of a luxury asset mortgage loan even without deep understanding of blockchain technology and applications and can be checked at a glance at any time with safe storage of users' assets. ENTC is designed to enable users to obtain fair, verifiable, and reliable information and rewards through blockchain technology.

With 2 types of [1] Utility and [2] NFT, ENTC tokens are designed to be suitable for each role including bonds transaction, reward acquisition, and storage means of definite value, which are actively used inside and outside the ENTC ecosystem.

PAY BUTTON Platform

The ENTC blockchain ecosystem aims to build an ecosystem based on the PAY BUTTON platform, an All-in-One Asset Management.

Features

1> ENTC Wallet - ENTC Wallet is storage for ENTC tokens and all tokens issued. In addition to the storage function, the Wallet has a built-in token usage function. Tokens stored in the Wallet can be used or converted for any function within the PAY BUTTON platform. Prices of various virtual assets provided in real-time can be checked, and real-time prices can be reflected in links with the ENTC tokens. Through this, the functions of conversion and exchange will also be provided.

2> Luxury Asset Transaction - Luxury assets held or entrusted by ENTER BUTTON can be purchased in the legal currency of the country of use or ENTC. The real-time price inquiry of the Wallet allows users to trade luxury assets at the same rate, and when users want to sell them, they can easily handle transportation to the ENTER BUTTON Offline store through the stored DB and execute appraisal and sale.

3> Luxury Asset Consignment Sales - If users want to sell luxury assets with consignment, they can easily transport the assets through the PAY BUTTON platform in the same way as in sales and proceed with consignment sales at the agreed price and fee after appraisal.

4> Luxury Asset Mortgage Loan - Users can send assets from where they want or visit offline stores to execute luxury asset mortgage loans, and it is also possible to estimate the expected loanable amount by transmitting photos based on PAY BUTTON's designated manual. Loans can be paid immediately in legal currency or ENTC after appraisal or contract, and an overview of loans and holding assets can be also checked immediately.

5> ENTC Luxury Auction- As event benefits of ENTER BUTTON provided only to PAY BUTTON and ENTC users, luxury assets with excellent product value are periodically selected and auctioned in the PAY BUTTON app. As event benefits of ENTER BUTTON are provided only to PAY BUTTON and ENTC users, luxury assets with excellent product value are periodically selected and auctioned in the PAY BUTTON app.

6> ENTC Bond Staking- Bonds generated by mortgage loans, ENTERBUTTON's main product, are converted to a tradable state in the ENTC's own ecosystem market with the consent of users, and users receive a discount on interest when they agree to bond trading. Bond-based ENTC NFT tokens converted to a tradable state can take part in ownership verification through PAY BUTTON, and when ownership is acquired and held to maturity during the period recorded in NFT, a predetermined reward is paid along with the principal. Both operators and participants benefit from the bond Defi that anyone can participate in.

ENTC Token

Enterbutton is a utility token to be used in the collateralized loan platform 'ENTERBUTTON', ENTC tokens are compatible with ERC-20 and will play an important role in the expansion of PAY BUTTON and its own ecosystem. ENTC is designed to provide platform users and business operators with fair and reasonable benefits through blockchain technology. Users obtain liquidity or rewards through the platform, and operators generate profits through the realization of primary and secondary BMs based on this. The generated profits and progress of the project will be reasonably reviewed and ENTC tokens will be camcelled in stages to activate the ENTC platform ecosystem. ENTC users can liquidate their dormant luxury assets through the platform or acquire desired luxury assets by participating in event auctions.

Conclusion
The NFT system built by Enterbutton (ENTC) is designed to enable the transfer of ownership, proof of ownership, and activation at the same time by issuing luxury assets provided by consumers as collateral as ERC-1155 tokens. It becomes possible to trade through the NFT market and generate DeFi revenue. PAY BUTTON app incorporating the payment system, also bond-collateral-based Defi and trading using the NFT function.

Enter Button - Finance with Culture & Human Art

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