EscoinToken: Innovative Platform For Business And Banking, Global Legal Service!
News from the ELG Coin Development team on January 26, 2022
The legal market in 2021 is expected to reach 1.1 trillion USD. In addition to the legal market, it is clear that this number will increase to a much greater extent with domestic and international advisory services provided by lawyers. This market should continue to grow with the digitization of the world, day after day. With the increasing use of the digital world, the legal market must follow the demands of the times.
The purpose of Escoin includes providing clients and law firms establish mutual cooperation in the digital environment in accordance with common interests by eliminating the country’s borders and providing the entire infrastructure they need. In doing so, the aim is to expand the network and thus to provide a more transparent and healthy business model.
Primary purposes of Escoin;
· Providing the communication between lawyers and the client
· Finding the right lawyer for the right company, finding solutions to the international legal problems of companies with the right person,
· Having thousands of lawyers in the portfolio of companies,
· Increasing the portfolio of lawyers,
· Ensuring that all types of documents required by lawyers reach the inventory, quickly and easily
· Eliminating interruptions in payments made in international transfers,
· Minimizing the loss of money during the exchange,
· Making sure firm / law firm reach consulting services (for agriculture / industry / automobile / aviation / construction / energy / finance / health / real estate / technology / contact / trade etc.). without intermediary in an international platform.
With the solution we offer, borders and problems disappear.
The purpose of Escoin includes providing clients and law firms establish mutual cooperati”on in the digital environment in accordance with common interests by eliminating the country’s borders and providing the entire infrastructure they need. In doing so, the aim is to expand the network and thus to provide a more transparent and healthy business model.
Also;
· Finding the right lawyer for the right company
· Ensuring that all types of documents required by lawyers reach the inventory, quickly and easily
· Eliminating interruptions in payments made in international transfers
· Minimizing the loss of money during the exchange, to provide consultancy services without intermediaries in the international platform
Beside all this;
To make them feel that they are safe for companies and law firms, to make them feel their own and to be part of the network they can do international business without expenses such as office rent, office dues, secretary’s salary, kitchen costs.
Making companies a part of the network, that they do not encounter with such questions as, ”Is there enough competence?“, “Do they have enough experiences?“, ”I wonder if the cost is too high?“.
Executive Summary
The vision of the founder; ’’Escoin will bring exciting new technologies, such blockchain, to the legal services market. This will strengthen legal service systems and customers to deliver high cost efficiency, reasonable prices and quality of service. We believe that these developments will increase transparency and quality in the world.’’
The legal service market is growing each year compared to the previous years. Meeting the needs of this market is no longer possible with the previous perspectives. Out-of-date approaches are now doomed to disappear over time. Previously, the steps taken to meet the needs of the market were insufficient or not close to the solution. In the PraeLegal project, we worked with thousands of lawyers in 142 countries. We have responded to hundreds of thousands of needs in this market. We have seen that in order to increase profitability, models need to be diversified and time should be used efficiently.
Clients and lawyers have common problems. The solution to these problems is the blockchain, which is considered as the new global technology. Escoin creates a global blockchain ecosystem that offers affordable legal services to all. This ecosystem will connect legal service providers and customers around the world while integrating existing infrastructure, including leading law firms, small law firms and lawyers. Thanks to Escoin; its aimed to eliminate all fundamental problems which the parties face such as the right relationship between the client and his lawyer, the collection, the transfer of payment, the unnecessary time required for the drafting of opinions, concerns about the choice of a lawyer.
Today, the legal services market is close to $ 1 trillion. On 35% of this market, people prefer to work with a new lawyer, for different reasons. This situation shows us that the continuing search of many in the market is still underestimated. With Escoin, it will be possible to integrate this remaining mass into the system.
The Escoin platform has many important advantages over traditional legal services. The three main differences can be listed as follows:
1) Clients are looking for legal services from different countries or even continents. Most of the time, they have trouble finding local law firms. Lawyers have trouble finding a client while they are experts in the field. On Escoin platform, this situation will change the new developments with the client based on the success score that can make the choice of the lawyer. This will encourage lawyers to provide better quality services.
2) During the interviews, the parties must have the time to meet. This time is wasted with the processes of preparation, maintenance, transportation and adaptation of pre-maintenance interviews. This affects productivity and leads to loss of time and money. The lawyer also has difficulty collecting the cost of the meeting. Escoin will prevent all of this by using the Blockchain ecosystem and the videoconferencing method to prevent parties from wasting time and money. In addition, when video calls are completed, the lawyer’s meeting fee will be immediately transferred to the account.
3) Especially at the international level, parties face fund transfer costs of up to 25% during collection. The cost of collecting with the infrastructure of the blockchain in the ecosystem will be afforded at a rate of 0.003- 0.006
Chronology of Token Sales
Private Presale
It was begin on June 1, 2020 in UTC time zone and was continue until the beginning of the Public presale.
Private pre-sale tokens may be held by a limited number of investors. Discounts was be applied based on the step token rates. Bonuses was be set up by talking with the main investors individually
Additional bonuses was be offered to the participants of the special promotion:
10% bonus from 1000 to 5000 ELG
15% bonus between 5000 and 20000 ELG
20% bonus between 20000 and 50000 ELG
People over 50000 ELG was be interviewed personally and the bonus was be decided.
Public presale
It will begin at a time to be determined and announced by the Company in its sole discretion and will continue until the Public sale.
For investors who want to buy a large amount of ELG Tokens, the public offer of tokens will be offered. The minimum purchase for general sales is more than 10 ETH.
Public sale
It will be determined by the Company in its sole discretion and will commence on a date to be announced and will continue until the date and time of the announcement.
Sale will be publicly available for all investors. If the hard cap ($ 10 million) arrives earlier than the scheduled closing date, the sale of the token ends before the scheduled date.
Participants participating in the public auction will receive a discount according to the following program:
1. Step %20
2. Step %15
3. Step %10
4. Step % -
With the main sale of ELG tokens, special conditions will be available for major purchases. If the amount of the purchase is greater than 20 ETH, the bonus amount will be as follows:
5% from 1000 to 5000ELG
7.5% from 5000 to 20000ELG
10% from 20000 to 50000ELG
More than 50000 ELGs will be determined by talking to the recipients individually.
We promised “If the soft cap ($ 2,5M) is not reached during the sale of the token, the ELG tokens will not be issued and all the money will be returned to the investors.” and the company no longer needs to return it. Our investors showed interest beyond expectations.
The Max Supply distribution chart is as follows. (80.000.000 ELG)
Vesting (holding the tokens in their hands and return them to the market at defined times) Once the tokens are sold, some tokens will be frozen and distributed after a delay:
- The tokens belonging to the team will have linear gains over two years: 10% of tokens will be released every 6 months;
- The recruitment period for consultants will be at least 6 months;
- Reserve:
10% of token reserves have no vesting period;
The remaining 90% of the token reserves will be included in 30 months of vesting, meaning 3% of the token reserves will be released every month.
Tokens purchased on the sale of main tokens (in general terms) and distributed through the application and award programs are not subject to any additional restrictions.
Distribution of collected funds
30% Advertising and other expenses
30% Management
25% Personnel and additional services
15% Development
It is important for us to ensure that our community understands how to spend the funds generated at the ICO. Above we explain how to spend money (as we see now). The main cost items are advertising, recruitment, marketing and sales.
The development includes the costs of developing a product program for the EsCoin ecosystem, including a team of its own product engineers; purchase or finance third-party technology solutions that may develop the platform; technical integration of the Partners into a unique ecosystem etc.
Marketing and sales include spending on promoting projects in certain regions (rewarding clients, expanding the network of partners and other marketing initiatives).
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