EquaCoin empowers Coin holders with democratic economic rights
EquaCoin
gives the power to decide on prospective projects to it’s coin
holders
The
self-explaining name comes from the synthesis of ‘Equality’ and
‘coin’. The EquaCoin is building innovative monetary instrument
whose aim is to be better than of previous experiments like fiat
currency. In particular, we focus here to the monetary policy of
issuance of the currency and the way it is distributed. Aside from
the fact that EquaCoins will be bought and sold in exchange for other
currencies and cryptos, the issuance mechanism is governed by a
democratic consensus from the public that is composed from the people
who have downloaded the APP of the EquaCoin wallet for smartphone.
This wallet will be available on or before November 3, 2017, just in
time for the initial Crowdsale. Each owner of the wallet has a voting
right in the EquaZone. The EquaZone is a social platform available
through the wallet to propose and vote any economic projects. Imagine
a group wants to form a start-up and lacks the funds. It can propose
the project to the EquaZone together with all the details, like
business plan, pictures, videos, etc. and all the users of the
EquaCoin wallet can cast a vote to the project. When a majority of
the voters is reached, at the end of the voting time, the project is
approved. The system creates the new EquaCoins necessary to finance
your project and the platform will form a partnership were the 30% of
the project is allocated to the EquaZone. The project will retain 70%
ownership and receive the funds to start operations, for free. Yes,
no loans or interest, or collateral is needed. The risk is shared
between the project and the EquaZone. If the project is successful,
it is a win-win. Else there will be no profits and the project is
abandoned. Obviously, there will be a mechanism to filter out the
projects at the time of proposal and this mechanism is human in the
first stages of the operation but will be fully automatized in the
24-36 month after the November Crowdsale.
The
funds are paid by the new creation of EquaCoins necessary to cover
the costs. The monetary policy is driven by democracy and it is to
the people to decide where to allocate new money.
Embedded in the algorithm is right to
free exchanges: all the fees for transactions – either inside or
outside of the EquaCoin system – will be paid for by issuing new
EquaCoins. The users will not have to bother with calculation of
fees, the payment will be automatic and governed from the
smart-contract that govern the payment of fees. And so on. This
economic democracy is decided by the public for each case and it is
automatically enforced by the system. As the EquaCoin is accounted
for as a revenue in the EquaZone, at the time of creation, there is
no debt for the system and it can go on and develop as the people
casting votes so decide.
As
an early adopter in this new concept, Hub Deals Corp. has acquired
One Hundred Million EquaCoins and will begin to accept EquaCoin and
other crypto currency shortly. EquaCoin empower the people with
democratic economic rights, something that is very new in our
contemporary society EquaCoin is the perfect quiet weapon for winning
democracy and it can be backed by the UN facilitating peace
everywhere in the world.
Marco Saba, CEO
EquaCoin AG
Alte
Steinhauserstrasse 1
6330 CHAM, ZUG (CH)
+39 331 334 1239
