The digital payment platforms are continuously evolving with popular technologies like blockchain, smart contracts, and distributed public ledger technologies. Such technologies have opened a world of new ideas and one such idea is EnterCoin, a platform blockchainizing the financial world. The platform simply combines the powers of blockchain and IPFS, making it accessible to everyday users.
What is EnterCoin (ENTRC)
EnterCoin was founded by Bitstine Limited, a European firm specializing in payment and banking solutions in 2018.
It is a blockchain-based platform offering financial solutions including asset tokenization, automated business pacts, and crypto asset exchange. Created to offer full banking facilities to both the banked and unbanked society, ENTRC was introduced, offering safe, secure, and efficient cross-border transactions.
As a blockchain platform, very low transaction fees, hybrid structure, and availability of blockchain to every user, make the platform a standout performer. In addition, the need for financial inclusion for technological, economic, and political growth gave birth to EnterCoin.
The blockchain platform also resolved a few of the issues faced in the cryptocurrency world including deflationary problems, bootstrap problems, inflationary problems, and high energy consumption.
EnterCoin allows individuals residing in Urban areas to make a secure and convenient transaction to families in rural areas.
The Roadmap
Looking at the roadmap, we see that the blockchain traveled a long way to reach a recognized and powerful position. It all started in 2017/2018 when the Pre-ICO launched on 11 October 2017 and with time, the platform showed an outstanding performance.
A few of the significant events of the blockchain platform include the establishment of a cryptocurrency exchange platform in 2018, digital banking with prepaid cards in 2019, expansion of smart contract and green mining center in 2020, and several loans and bill payment solutions in 2021 with many more to come.
EnterCoin Ecosystem
Entered as an effective financial solution for banked and unbanked users, the Entercoin ecosystem offers a wide range of products that combine traditional banking with new technology. Here are a few of those products:
The blockchain system offers a high transaction speed with zero transaction charges. Blockchain automation for businesses and free asset tokenization is another benefit.
The platform offers its services in more than 180 countries, allowing individuals to buy digital assets using bank cards, and make exchanges using Stinex. Smart applications for business and low fees for transactions, make it a great choice for businesses.
Additionally, Crypto Visa Prepaid Cards, Plastic, and Virtual Cards, made the EnterCoin platform an outstanding performer in the crypto universe.
ENTRC Tokenomics and Buying Process
ENTRC is the native token based on the Ethereum blockchain and it is more volatile when compared to other digital assets. The token holds a total supply of 6 Million with a circulating supply of 5,696,850 ENTRC.
There is a finite distribution of these tokens:
- 3,700,000 tokens are available for public offerings.
- 1,000,000 tokens for marketing and bounties.
- 300,000 tokens for platform development.
- 1,000,000 tokens for blockchain developers.
Purchasing ENTRC tokens is an easy process, but one can’t buy them directly from any cryptocurrency exchange. These tokens can be acquired by buying ENTRC by ETH or BTC.
Creating a wallet, buying BTC or ETH from crypto exchanges, and swapping it with ENTRC is the buying process. Trust Wallet and MetaMask wallets support the respective token.
Conclusion
The introduction of EnterCoin to the crypto universe made digital financial services accessible to banked and unbanked users. The platform combines the power of blockchain with IPFS, offers low transaction fees, and offers a permissionless payment system. The token presents solutions to real-life issues and also offers an accessible tokenization system.
FAQs
What is EnterCoin?
It is a platform that combines the blockchain with the traditional financial system to make it more accessible to everyday users.
What is the circulating supply of ENTRC?
The total supply of the token is 6 Million and the circulating supply is 5,696,850.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
Source: https://www.thecoinrepublic.com/2024/01/21/all-about-entercoin-a-platform-blockchainizing-finance/