Darkpc: EQ Token

EQ Token will use blockchain technology as a much better and more efficient way of equity crowdfunding. The benefits of using blockchain from an investors point of view are:

Small investments can be easily tracked and awarded with a proportionate share in the company through the use of tokens
Profit sharing can be evenly and easily distributed to all investors
Investors can also be given voting rights which can be verified by the number of tokens they own in their online wallets (this feature will come at a later date)
These tokens can be privately sold to other investors or sold on our own token exchange at any time.

Benefits for a company listing on our crowdfunding platform are:

The company listing will pay a small fee (used to validate the listing, <$350) and any money collection/verification is carried out by our service.
They are able to offer a portion of their company, which we will legally hold. We are then able to convert this into 100,000,000 tokens to be sold to investors
Any quarterly/annual share in profits is then passed onto us which we can evenly distribute to all token holders
In the event of a failed crowdfunding project where the goal was not reached within the allowed time-frame, we are able to return any investments received

Abstract

Blockchain is still very new to mainstream society. The majority of people think that this is just a type of online currency. We are going to utilise blockchain to help overcome issues with crowd funding. More specifically equity crowd funding. There are many different crowdfunding platforms out there today. One of the first and most well known is Kickstarter. On Kickstarter, people invest in idea that they like, and at each bracket of investment you are offered a reward, usually getting better the more you invest. The reward will be worth less than the amount of investment. If you truly believe in the idea you’re investing in, why not become a part of it? With EQ Token, any investment you make in a company will give you equity in that company and allow distribution of dividends as well as the ability to sell your equity at any time. If you had of invested $10 in Uber in 2009 when they were worth $3.7m, your $10 investment would now be worth over $250,000 as they are now worth over $100b. Imagine if you’d have invested that $10 on Kickstarter and got some type of Uber novelty key chain as a reward???

Fees
Current methods of crowdfunding have quite high fees. This is due to the fact that the crowdfunding companies are rarely able to handle the financial transactions themselves and often have to pay third parties for this service. Using crypto currencies, we will be able to easily handle all transactions ourselves, passing on financial savings to our customers.

Equity
The majority of crowdfunding companies cannot offer equity in return for investment as it is just too hard to track exactly who owns what and to easily sell shares. Using Ethereum smart contracts we can easily divide up a 20% portion in a company into billions of small shares that can be traced back to individual Ethereum wallets to allow sharing of profits (dividends) or selling of tokens.

Ownership
From day 1 of the token creation for a new project, you have 100% ownership of your tokens. You can send them to whoever you want, trade them for whatever you want or else even store them in an offline location to keep them safe. This type of freedom and ownership only comes with blockchain.

TEAM

James Borland - Founder

BEng in aerospace engineering. James has experience working across different engineering backgrounds (Process Eng/ Mechanical Eng/ Manufacturing Eng). James has been involved in small scale investing in the cryptocurrency markets for 3 years.