Etherecash

“Creating a decentralized financial ecosystem that regains trust in financial services, and provides a future proof solution for the next generation in banking.”

Total Amount Raised
$40,000,000 USD
Thank you For making this Happen

ECH is now tradable

Do You Know?

Through Smart Contracts and Blockchain technology, Etherecash provides safety,
reliability and transparency in the way we Lend, Send and Spend.


What is Etherecash?

More than a token, Etherecash (ECH) is a Mission!

“To bridge the gap between those with access to finance and those without, eliminating borders, intermediaries and prejudices.”

Etherecash is a blockchain-based platform, designed to revolutionize three core functions of finance; to Lend, Send and Spend. By integrating blockchain and smart contract technology, we can create better transparency and greatly enhance customer experience.

Etherecash aims to establish itself as a secure and reliable decentralized financial ecosystem. Our platform will offer advanced banking activities supported on the Ethereum blockchain, including peer-to-peer lending, worldwide money transfer and a multi-crypto debit card.

What makes ECH unique?

Best known for its initiative to bring the next generation in banking, Etherecash is made up
of two excellent qualities to ensure unmatched security and peace of mind for its users.


Lawyer Backed Smart Contract

We understand the importance of legal framework and are backed by some of the industries’ most reputable lawyers. Our smart contracts were created with their support to ensure the borrower and lender engaging in peer-to-peer loans on our platform are protected and secured throughout the loan process. After agreeing on mutual terms, they are locked into the smart contract, so the contract will auto-execute only as per those agreed terms, giving assurance and peace of mind to all parties involved.

Crypto Backed Lending

Obtaining a loan while asset rich, but cash poor, is quite a big challenge. That’s why Etherecash has incorporated crypto assets as a means of collateral against which a loan can be issued. This enables you to best utilize your crypto assets, while getting instant access to cash flow. Your cryptos are held as collateral for the duration of the loan and returned to the borrower on repayment of the loan plus interest.

How it works


What is S3?


Security

By putting financial services on the Ethereum blockchain with lawyer backed smart contracts, Etherecash is building a more secure, transparent and reasonable mode of preserving our finances, while refining availability to loans.

Speed

Etherecash opens a world of speedy global money transfer to you. You can transfer your cryptos anywhere in the world quickly and easily or spend them using your multi-crypto debit card that is connected with our speedy money transfer system.

Service

Etherecash has one more unique service to offer which is none other than the facility of withdrawing your cryptos in local fiat currencies. With the help of Etherecash’s multi-crypto debit card, you can access your cryptocurrencies through ATM withdrawals in local currency, can do payments online and in-store.

Roadmap


Q4 2016 Creating the idea of Etherecash and its prime functionality. Establishing how we can add value through this idea.
Q1 2017 Building the research and development team to test our hypothesis and the practicality of making it a reality.
Q2 2017 Connecting with advisors and legal team for structure and set up in preparation for ICO.
Q3 2017 Launching of ICO and expanding of team to streamline activities. Consulting with industry relevant groups for discussion and potential partnership.
Q3 2018 Initial testing for alpha and beta for lending platform as well as for money transfer platform.
Q2 2018 Working on the development of system and tokenisation to make sure this structure is fully equipped. Aiming to get significant permissions and licenses.
Q1 2018 Expansion of development team and strategic consultants to augment execution plan based on milestones.
Q4 2017 Launching of ICO and developing the team to streamline activities. Taking advice with industry significant groups for discussion and potential partnership.
Q4 2018 Working on a smoother flow of lending and money transfer features to a wider audience.
Q1 2019 Launching of new mobile apps for loan repayments and money transfer.
Q2 2019 Alpha testing of debit card and merchant acceptance for online shopping
Q3 2019 Beta version of Debit card with multi-function crypto available.
Q4 2016 Coining the term of Etherecash with its major functionalities. Working on how we can bring more value with the help of this ideology.
Q1 2017 Making a research and development team to have an in-depth knowledge of this term and the practicality of turning into a reality.
Q2 2017 Building a connection with advisors and legal team for structure and set up in groundwork for ICO.
Q3 2017 Completion of white paper, website and marketing strategy in preparation for Pre-ICO in Q4.
Q4 2017 Expanding of development team and strategic consultants to enhance execution plan based on milestones.
Q1 2018 Developing of platform and tokenisation to ensure ecosystem is fully equipped. Applying for relevant permissions and licenses.
Q2 2018 Working on the development of system and tokenisation to make sure this structure is fully equipped. Aiming to get significant permissions and licenses.
Q3 2018 Initial testing for alpha and beta for lending platform as well as for money transfer platform.
Q4 2018 Working on a smoother flow of lending and money transfer features to a wider audience.
Q1 2019 Launching of new mobile apps for loan repayments and money transfer.
Q2 2019 Alpha testing of debit card and merchant acceptance for online shopping
Q3 2019 Beta version of Debit card with multi-function crypto available.

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Recent Updates


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We are live on QRYPTOS exchange

On 6th February 2018 Etherecash was listed on the QRYPTOS, QUOINE’s fully digital trading platform.

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Highlights of Singapore Event

Etherecash proudly presents at Blockshow Asia, Singapore on 29th and 30th November 2017.

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Glimpses of Dubai Event

Miguel Aguirre, COO of Etherecash, leads panel at World Blockchain Summit in Dubai 24th and 25th October 2017.

OUR TEAM

With a common goal to provide a better financial ecosystem, our team is dedicatedly working together and growing together to achieve the desired results. Our team comprises of a group of passionate people with different skills in their respective fields but we all have one thing in common… we all hate bank fees!


FAQ


What is Etherecash?
Best known as a peer to peer loan platform, Etherecash is connecting crypto and fiat currencies in an exceptional way. With Etherecash you can easily send money abroad. This platform gives its own crypto debit card to shop online or in-stores and can also convert cryptos into fiat currency very quickly with ATM's worldwide.
Why did Etherecash come into existence?
Etherecash aims to bridge the gap between those with access to finance and those without, eliminating borders, intermediaries and prejudices. By bringing the 3 core functions of finance on the blockchain and using smart contract technology we can significantly improve transparency, reliability and security in financial services. We want to revolutionise how you Lend, Send and Spend with the Etherecash platform.
What is Etherecash Token?
Etherecash Token is an ERC20 token constructed on the Ethereum Smart Contract that permits a seamless integration and placement on the Ethereum Blockchain.
What is the purpose of Etherecash Token?
The Etherecash Token facilitates all transactions on the platform and all fees are payable in Etherecash tokens. It is used for the issuing of loans, repayment of loans, money transfers and can be used also on our multi-crypto debit card.
What is the goal of ICO?
We feel there is a need for improving access and methods of finance on a global scale. While we have explored a means of achieving this, through our extensive research and analysis, there is a timescale associated with any technological development. Through ICO, we can reduce this timeframe, connect with best minds in this field and get to market faster. People have waited long enough for financial freedom, and we want to bring them one step closer.
How do you plan to utilize the funds collected from ICO?
The budgeting and cost structure has been prepared to best utilise funds to achieve a sustainable business model.
Admin & Operations 15%: Operational cost of running the platform and consumables.
Legal, Accounting, Advisory 20%: Establishing legal entities, complying with ongoing regulatory framework, incorporation and other legal obligations.
Growth, Sales, Marketing 25%: Developing relationships, procuring strategists to drive our reach to a wider audience, building support and trust in the process.
Core Development 40%: Complete development of the platform including hiring technical resources and establishing the infrastructure to support development.
What is the future development plan?
You can see our development plan by visiting our roadmap section on homepage.
Is Etherecash getting listed on any exchange?
Yes, Etherecash is currently listed on QRYPTOS, HitBTC, EthxPay and Openledger.
Why will these tokens grow?
We anticipate that demand for the Etherecash token will grow as more users join the platform and use Etherecash to complete their transactions. This we believe may influence the demand and appreciation of the Etherecash token.
How is Etherecash different from its competitors?
Etherecash is unique as it is the first of its kind to offer Lawyer Backed Smart Contracts which ensure the borrower and lender are legally secure. The second biggest advantage is that we facilitate loans against crypto assets, giving you access to funds without needing to liquidate your cryptos. This helps you to maximise the potential of your assets. The Etherecash Crypto Debit Card is revolutionizing the way we spend, by giving you multiple options to spend your cryptos online, in-stores and for ATM withdrawals in local currency
Why should you trust Etherecash?
We are committed to achieving our goals and this includes being transparent. Etherecash has clearly mentioned its ideology and targets in the White Paper as well as on its website. We at Etherecash are vigorously participating in international events, meet-ups and conferences where you all can see us, meet us and can learn more about the team, Etherecash, and our plans.
Where can I learn more about this project?
You can read all the information in the White Paper of Etherecash. Click here to download the Etherecash’s White Paper.
How do I contact Etherecash?
Stay in touch with Etherecash by following these links: Telegram, Facebook, Twitter, Youtube..
What security measures are taken?
Etherecash continuously strives to provide the highest standards of security. The main focus is on S3- Speed, Security and Service. Security is a high priority for Etherecash and the whole team is working day and night to make sure that your ECH tokens are kept safe and protected.
Can I get a refund on my ECH tokens?
No, all purchases are non-refundable. Please read our Terms and Conditions carefully before purchasing.
How can I start lending?
First Sign Up and complete our KYC and AML requirements. Then you can outline your lending parameters and attract borrowers and their loan proposals.
What is the maximum and minimum amount that one can loan?
There is no limitation to prevent exclusion.
What is the rate of interest?
There is no pre-decided rate of interest. It may vary depending upon the mutual terms settled on the Smart Contracts between the lender and the borrower.
How is the lender secure?
On the platform of Etherecash, the lender gets crypto assets from the borrower as collateral against the loan. This means that all the loans are asset backed and in case the borrower doesn’t repay the loan, the lender will be able to liquidate the crypto assets to counterbalance the outstanding debt.
What is the typical duration of a loan?
There is no pre-decided peer-to-peer loan term. It may vary depending upon the mutual terms agreed in the Smart Contract between the lender and borrower.
What do you mean by lawyer backed?
Lawyer backed stands for an official opinion and backing on the conditions of the contract for P2P Lending.
Can I give multiple loans at a time?
Of course, you can provide more than one loan at a time or can also participate in partial funding for a loan.
What is the procedure of depositing fiat currency?
First, you need to convert your fiat currency into either Bitcoin or Ethereum that will later enable the lender to purchase ECH Tokens, and to send the loan amount to the borrower quickly and easily using our speedy money transfer feature.
How will I validate a borrower?
All borrowers must register on the Etherecash platform and meet the KYC and AML requirements to complete verification. Secondly, the borrower may disclose the purpose of the loan and submit a proposal on how they intend to use the loan amount, bringing transparency to the process.
How can I deposit and withdraw funds from the platform?
By using only ECH tokens, you can deposit and withdraw funds from the platform. To get started, first convert your fiat currency into BTC or ETH to buy ECH tokens. Then at the point of pay-out or withdrawal, you can choose your desired currency.
How will I be informed if the borrowers’ collateral falls before the minimum threshold value as per the smart contract?
You will be notified by email and through the Etherecash platform. The borrower will be given the opportunity to either liquidate the crypto assets or replenish them so they meet the minimum threshold as per the smart contract. If the borrower does not attempt to meet these terms the crypto assets will be automatically liquidated to meet the shortfall and distributed to the lender.
How can I get a loan?
First of all, you are asked to sign up and complete our KYC and AML requirements. After that, you can outline your loan purpose and start shopping for suitable lenders offering the terms that best suit you.
Why should I take a loan when I can sell my cryptos to generate funds?
By obtaining a loan against your crypto assets, you generate funds, while still preserving your cryptos. This means you can benefit from any appreciation in your cryptos during the loan term also. It's a win-win situation for both.
What is the maximum and minimum amount that one can borrow?
There is no limitation to prevent exclusion.
What kind of loans can I apply for?
You can apply for any kind of loan such as student, medical, car repairs, home improvement etc.
What if the borrower is unable to repay the loan?
Well in this case, crypto assets used as collateral will be liquidated and utilized to offset the debt owed to the lender.
How do I make loan repayments?
The process of making repayments has never been so easier. Using Etherecash, you can make transfers globally in the most quick, cheap and hassle-free way.
Can I repay my loan before the end of the loan term?
Yes, you can prepay your loan and finish it early without any penalties, but the interest amount will remain the same.
How can I withdraw the loan amount?
You have multiple options available to you. First, you can convert it to fiat currency by selling your Etherecash tokens. Alternatively you can directly make payments internationally or locally using Etherecash. You can even choose to receive it on the Etherecash crypto debit card which works just like a normal debt card for online and in-stores payment or ATM withdrawals in local currency.
How will I be notified if my crypto asset falls below the minimum threshold as specified in the smart contract?
You will be notified by email and through the Etherecash platform giving you the opportunity to either liquidate your crypto assets or replenish them so you meet the minimum threshold as per the smart contract.
Are my crypto assets safe?
Etherecash focuses strongly on security. Your crypto assets will be in cold storage in a multi-sig wallet to ensure maximum security
What is the minimum and maximum amount that can be transferred?
There is no such limit. You can transfer any amount, no matter how big or small it is.
How long will it take to reflect transferred amount in receiver’s account?
It will happen near instantaneously, in just minutes..
Do you charge any transaction fee?
Yes, there will be a small fee for each transaction to cover the gas fee.
How and where can I apply for a multi-crypto debit card?
Sign Up on our website www.etherecash.io and apply for your crypto debit card.
What documents will be needed while applying?
If you have already registered on our website then your KYC and AML requirements would already be complete. No further document should be required.
Can I also withdraw money from ECH multi-crypto debit card?
Yes, you can withdraw money from ATMs available around the globe in local currency.
How does the ECH multi-crypto debit card work?
It works just like a normal debit card for payments online or in-stores, along with cash withdrawals from the ATM.

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