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According To EndChain Website

EndChain is a patent-pending blockchain utility company that is focused on bringing mass adoption of blockchain tracking to all markets. EndChain allows corporations to easily extract both the generic barcode data and the item-specific blockchain QR code data at the same time.

As EndChain program will be running in the background of existing systems, combination code will be easily identified by program and the generic data will be entered into legacy systems for traditional logistics and manufacturers. Simultaneously, the blockchain will be updated with the item-specific blockchain data.

Basic Information

Token Name EndChain Token Symbol ENCN Social Media Price Pre-ICO 0.24 USD Language English Token Supply 135,576,931 ENCN Country Hong Kong Soft CAp 4,000,000 USD Whitepaper Click Here For View Whitepaper Website Click Here For Visit ICO Homepage

Simple to use

The EndChain QR code is unique in that it incorporates a barcode within the QR code. This design allows for simplified use as EndChain users will know to scan the only code found on the packaging. Other businesses which rely on legacy barcode technology will be able to scan the embedded barcode. Thus, EndChains QR code creates a singular code to work on any type of system. An additional benefit is that the single code can update both the blockchain and any internal legacy systems with a single scan. The goal of this is to reduce complexity while increasing efficiency.

Value creation

A blockchain company can only be as strong as its economy. EndChain is committed to both its corporate users and investors. To ensure that the needs of both are met, a deflationary self-regulating economy will be used. Corporations will be encouraged to buy and hold EndChain tokens in order to purchase QR codes, make smart contracts and access the data stream.

A percentage of the fees associated with these functions will be ‘burned’ to reduce the number of tokens in existence. Shall the market value of EndChain stay the same, the price of individual tokens will rise.

Economics

A token needs a thriving marketplace to be successful. Tokens that are not being utilized serve no purpose to investors. Additionally, tokens that do not have a consistent steam of buyers creates unstable prices. This is why EndChain has focused on ensuring a lively market by engaging companies to purchase EndChain tokens. By using our tokens, companies can receive a discount on our qr codes, big data and smart contracts.

Who is interested in EndChain

EndChain provides a complete and cost-effective logistics package that benefits all parties of the supply chain. While most utility tokens focus on high end goods, EndChain focuses on the low to middle market, an area that has been ignored for too long. EndChain is able to enter this market due to the ease and low price of system compared to other utility tokens which focus on expensive NFC chips or manual entry.

How does this help EndChain buyers

With a large base of potential customers, EndChain can immediately get to work selling product. 2-4% of the revenue generated from sales will be dedicated to burning EndChain tokens. This will help decrease the number of EndChain tokens in the long term; thus increasing the price. As most companies need to plan ahead and budget, they are likely to buy and hold an amount of EndChain tokens. This will create strong support for the EndChain market.

Self-correcting System

Should the market for EndChain be depressed, more tokens will be needed to pay for each order. When more tokens are used, more will be burned; thus driving the price up until equilibrium is reached. As a result, its safer to hold EndChain for a long duration of time as there are protections against price decreases. Thus, EndChain will have a self-correcting system which allows for a stable economy.

Also Read – Click Here for Read All ICO Review

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