EtherInc, a fork of Ethereum to run decentralized organizations (DAOs) and the first live blockchain project to do so, has announced details of an Airdrop of 1 Million ETI coins as a prelude to its global launch next month.

The ground-breaking 'loyalty airdrop' offers participants a chance to earn ETI coins on joining eInc community channels and inviting new members.

EtherInc spokesperson confirmed: “To celebrate our global launch, the airdrop will see up to 1 Million ETI coins issued to users who participate”.

ETI (EtherInc) coins is the crypto-fuel that powers the eInc Blockchain - the first decentralized platform to create digital organizations on cryptographic proof instead of trust, that can operate borderless, permissionless, democratically and transparently with the consensus of its shareholders, without the need of a trusted third parties or costly intermediaries.

The decentralized organizations or eIncs are capable of adding partners / shareholders, create proposals that are passed through voting, pay salaries, dividends and raise investment.

eInc is an improvement on the ICO fundraising model that incorporates certain aspects of DAOs. This idea was suggested by Vitalik Buterin in January 2018 and is aimed at making ICOs more secure by involving investors as part of the initial project development process through DAICOs.

Apart from being 2.5 times faster than Ethereum, what really differentiates EtherInc from Ethereum is that unlike Ethereum, it is not only focused on its blockchain part but is also enabling self-governing organizations, scam-proof ICOs, and more secure dApps.

EtherInc already has various components of the project LIVE already including its Blockchain (See Network status), TestNet on Ropsten (see TestNet status), Wallet, DAO platform, eIncMeta, Blockchain Explorer, Organization Explorer and Community portal.

EtherInc received a warm welcome from the community after their announcement of issuing ETI coins in ratio 1:1 to existing Ethereum holders which resulted in 25 Million ETI coins getting claimed within 12 hours of the announcement.

EtherInc has a deep pipeline of additional elements and modules that will widen the scope of the operations that these decentralized organizations (eIncs) will be able to perform in the coming months.

“The future of organizations is on the blockchain. We’re heading towards a future where organizations will run autonomously, in a decentralized manner, without the need for centralized parties to make decisions for the organization to grow, to be profitable, or *physically* exist. And most of all, this non-human entity will operate based on the rules granted to it by decentralized consensus. Decentralized organizations will see mass adoption, not just with startups but also social organizations, co-operative organizations and government organizations, among others, who are looking to decentralize collaboration at scale”, the spokesperson confirmed.

Decentralized organizations will also add more transparency in the ICO fundraising model, giving a breath of fresh air to highly opaque, scam-ridden and unorganized model of Initial Coin Offerings.

Major announcements are expected ahead of the EtherInc’s public coinsale next month when the company will be make some major partnership announcements as well.

To participate in the Airdrop, visit: https://einc.io/airdrop

Company name: EtherInc

Company website: https://einc.io

Company email: [email protected]