Eqwity: The Future of Security Token Offering
Blockchain technology brought about a more engaging means of raising funds for projects known as Initial coin offering (ICO). The explosion in prices recorded by the Predominant blockchain project bitcoin further attracted more investors to the non-conventional fundraising mechanism known as ICO. In contrast to IPO and venture capitalist funding, ICO provided a more community inclusive, transparent and utility oriented means of raising funds for burdening startups but nevertheless the ICO funding mechanism has also been plagued lately by issues ranging from lack of transparency, absence of regulations to protect the interest of investors, risk of scam and a high rate of failure amongst projects arising from inexperienced teams and inability to provide liquidity to the coins distributed during the ICO. The failure of the ICO funding mechanism has led to serious scrutiny and castigations by governments of the world and ultimately negatively impacting the total blockchain eco-system.
Introducing Eqwity
Eqwity is a blockchain project that seeks to simplify the process of Security token Offering (STO) by rendering a decentralized ecosystem tasked with providing all necessity required to run a regulatory compliant, standardized and digitized STO. Problems with the ICO funding mechanism led to STO which is notable for its regulatory compliance and dividends distribution features, unlike ICOs which often distribute coin/token that grant access or utility on the platform. Nevertheless, STO is yet to attain widespread acceptance due to its complex mechanisms, high cost to operate, lack of exchanges that trade Security tokens and lastly loss of access to the platform. Eqwity wishes to introduce a new token offering mechanism known as STO plus which is an accumulation of both features of security tokens as well as utility tokens where investors now have both rights to dividends and voting on the funded project as well as access to service rendered by the startups. Eqwity is bumper packed with all necessary services required to launch a successful and unique STO plus.
Core Features of Eqwity
- One of the problems associated with the ICO model is viability. A lot of blockchain projects that lunch yearly are either non-compliant or lack the viability. In order to mitigate these problems, the Eqwity project has instituted the first of its kind Proof of Viability (PoV) model to ensure proper audit of startups on the platform as well as to authenticate their viability. The POV model makes use of a decentralized network of auditors and safeguard auditors on the platform in which these auditors stake/deposit their EQY tokens in order to be able to play this role and get adequate rewards for their service to the platform. Eqwity also boasts of the first STO-oriented accelerator known as The block and this program is designed to ensure the success of these startups and reduce the failure rate of most blockchain startups, create avenue to mentor upcoming projects, A research and development lab to fosters modern innovations in the blockchain eco-sphere and lastly a reversed program to link innovators to the burdening talents they need for their project.
- The difficulty associated with STOs and the imminent STO plus can be cumbersome for burdening projects and the Eqwity platform seeks to mitigate these problems by providing services such as company incorporation, security token issuance, compliance, and authorization as well as premium marketing service. Eqwity boast of a blockchain Stock Exchange where this Security tokens will be readily tradable.
- Eqwity boasts of a Community voice/ Eqwity Governance Decentralized Application (DApp) which will finally give investors a say in the affairs of the projects they invested in. With this DApp investors can partake in the voting over decisions on the platform and improves the engagement between project founders and investors. The community Voice DApp also features an Artificial Intelligence (AI) known a Serenity which is designed to guide and provide the required understanding of the consequences associated with decisions made by investors/beginners.
- The Eqwity platform utilizes a unique dual token mechanism in which the platform uses EQYS as the security token which guarantees access to dividends on the platform while EQY is the utility token of the platform. The EQY gains utility in payment for voting, auditing of projects, listing of projects and payment of transaction fees.EQY will subsequently be available for purchase via an STO.
Conclusion
Eqwity wishes to solve one of the major problem bedeviling the crypto eco-sphere and facilitate a more ideal means of fundraising via STO plus. Eqwity integration of diverse features and program will definitely make it a prominent platform for all things regarding security token in the nearest future.
For more information on the Eqwity platform check out the following channels :
Website: https://www.eqwity.io/
Twitter page https://twitter.com/eqwity_official
White paper: https://www.eqwity.io/wp-content/uploads/2019/02/Eqwity_WhitePaper_ENG_2.0.pdf
Telegram channel: https://t.me/Eqwity
Authors details :
BTT name: Mrsparks
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary
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