ENTRY: Decentralized Banking is Possible

Introduction

The crisis that rocked the global economy in 2008 was perhaps, a necessity that wasn’t expected at the time, a blessing in disguise that served to rouse people from their false financial security cocoon. Finance plays great role in the world and that was why the crisis was greatly felt. If there were extra financial measures in place at the time, the crisis might have been limited to some extent.

The current financial system is centralized with banks having the upper hand. Every transaction passes through them just as their position as intermediaries had placed users’ data at their mercy. Most often, banks obtain deposits from investors and lend same to borrowers at high interests.

A major invention came up within 2008. Perhaps a coincidence or a mere response to alternate transactions, cryptographic currencies were launched. Hinged on the block chain technology, they found basis to enter the world economy.

Threatened by increasing popularity of the currency, efforts were put in place to relegate its functions to the digital space. A decade later, these currencies have grown with a market value estimated at $300 billion. What is left is its integration into reality. The block chain on its part is making efforts at solving underlying problems in fiat settings.

The feeling among the populace is inability of the block chain to give same throughput as banks. It had been reputed to have no fiat location. Hence, touting itself as a banking option might not be truism. However, analysts are of the opinion that crypto trades are typical example of decentralized banking.
Banking on the block chain will certainly take time but its possibility is guaranteed. The technology had scaled three generations each with unique upsides. The fourth generation is anticipated as in-road to industrial adoption. When this becomes the case, the block chain will become a virtual bank. For the meantime, ENTRY is throwing its cap into the ring by joining the race to snake the block chain a suitable environment for decentralized banking.

Entering Block Chain Banking

First, ENTRY hopes to decentralize the system further by making banking services available on the block chain. Given reliability and transaction speed attributed to the block chain, many hold the opinion that it would be habitable for financial transactions.

ENTRY on its part is meeting the pain point of crypto users who are worried over its inability to get interoperable as fiat. The platform therefore uses the block chain in addition to traditional financial services as medium of making financial services available on the platform.

Spend your Funds

Unlike traditional block chains that allow you trade only on crypto, ENTRY made another major incursion into the system. It allows you spend your cryptographic currencies on valuable services. The idea is to make its token and other digital currencies spendable within and outside the block chain.

Business Models

Backing ENTRY are six business models. These models are hoped to pilot the platform towards desired height while facilitating adoption of cryptographic currencies. There is an exchange that tows the line of peer-to-peer transactions. There is a cash model that will be instrumental to pulling the ENTRY token as primary transaction currency. It will also allow withdrawal of digital funds from ATM terminals. To this end, ENTRY is working towards creation of debit cards.

Financial services can be created using ENTRY Network. The network which is open-sourced also supports wallets and APIs. ENTRY Money will be pivotal towards seamless transactions and interoperability of crypto and fiat payments on the platform.

Distribution of Tokens

Crowd-Sales: 55%
Team: 20%
Secondary Coin Offering: 17%
Bounty: 3%
Advisors: 5%

Token Specifications

Token Symbol: ENTRY
Platform: ENTRY
Standard: ERC20
Type: Utility Token
Token Supply: 590 million
Price: 1 ENTRY= 0.15 EUR
Soft Cap: $25 million USD
Hard Cap: $325 million USD
Accepted Currencies: DASH, ETH, LTC, EUR, USD, BTC, BCH
Country: UK
Restricted Areas: USA

Meet the Team

Awaiting ENTRY

As it stands, the world is waiting for the grand entry of ENTRY. Certainly, the platform will prove nay-sayers wrong that the block chain can actually be a place to conduct financial services. On the other hand, the platform is also pushing for massive adoption and use of cryptographic currencies. As can be seen from its business models, measures are in place to make the goal come true.

For more information on the Entry project, visit the following helpful links

Website
http://entry.money/

ANN Thread
https://bitcointalk.org/index.php?topic=3229958.0

Telegram
https://t.me/Entry_Official