IEO or ‘Initial Exchange Offerings’ are a form of business financing. Its particularity lies in that what companies offer are ‘tokens’ instead of shares and its sale is launched and managed by a house of exchange.

This means that the blockchain-based project offers to buyers some units of a new cryptocurrency (their ‘token’) in exchange for other cryptocurrencies or fiduciary money (Euros, Dollars …).

William Mougayar, general partner in the Virtual Capital Ventures fund and author of “The Business Blockchain”, comments:

“I’m not excited about the new tokens per se, but I’m excited when I hear about a new business model made possible by the token or the cryptocurrency. I’m more enthusiastic about the way a given token will allow users (society, government, whoever) to do things that we could not do before, and that’s the border, I think we’re just scratching that surface right now.”

The tokenization project of EasyFeedback.com with Token EasyFeedback Token has development costs. To be able to finance it, during the IEO period, pre-rolled “EFTs” are sold with a bonus of 40% to 10%.

After the IEO the “EFTs” will quote, at least, in the Tokpie cryptocurrency exchange. Your price will then depend on the supply and demand of it.

Note: Exchange are platforms or exchange markets, are digital platforms that allow exchanging digital currencies for fiat money and / or other cryptocurrencies.

More info: https://www.bbva.com/en/basic-dictionary-blockchain-10-terms-know/

“A ‘token’ is a unit of value issued by a private entity that allows you to shape your business model.

A ‘token’ has similarities with the cryptocurrency ‘bitcoin’, has a value accepted by a community and is based on blockchain technology (‘EFTs’ is based on the Etherum blockchain), but at the same time it is a broader concept. It is more than a coin, since it has more uses.” In the case of ‘EFTs’, it allows to reward the useful feedback of the users of the EasyFeeback.com platform.

Note: a cryptocurrency is a digital exchange medium that uses cryptography to secure financial transactions, control the creation of additional units and verify the transfer of assets.

More info: https://www.bbva.com/en/what-is-a-token-and-what-is-it-for/

“A blockchain is a digital ledger that is distributed across multiple locations to ensure global security and ease of access, allowing consumers and suppliers to connect directly, eliminating the need for a third party.”

More info: https://www.miethereum.com/en/blockchain-guide/

“Ethereum is a decentralized platform that enables the creation of “smart contracts”; some have dubbed it a “decentralized supercomputer.”

It also operates on its own blockchain and was orginally conceived as an improved version, to surpass the programming limits of Bitcoin. It codifies data in the same way, but one of the principal differences is that is can be used to execute smart contracts (pieces of software that automate and shield the execution of previously programmed orders) and has a large variety of applications beyond those related to the field of finance.

Its cryptocurrency is Ether, the second most used after Bitcoin.”

Thanks to the Etherum Smart Contract you can create tokens like EasyFeedback Token. In this way you benefit from the existing infrastructure instead of having to build your own blockchain with the saving of time and resources that this entails.

More info: https://www.bbva.com/en/basic-dictionary-blockchain-10-terms-know/

Article published in: https://www.miethereum.com/en/smart-contracts-guide/#toc2

A smart contract is a computer program that executes agreements established between two or more parties causing certain actions to happen as a result of a series of specific conditions being met.

That is, when a pre-programmed condition is met, the smart contract automatically executes the corresponding clause.

They are contracts that execute and enforce themselves automatically and autonomously.

Smart contracts have been in development since 1993 when the famous cryptographer Nick Szabo first introduced the term. Nick proposed this system of contracts at the time, but the technological infrastructure of the time made it unfeasible. There was a need for a payment system that could put them into practice and that situation did not appear on the scene until the creation of Bitcoin in 2009.

However, Bitcoin was not intended to be anything more than a financial tool: a cryptocurrency -the coin- and a platform for exchanging value -its blockchain-.

On the other hand, the technology with which it worked – the blockchain- did make these smart contracts possible and it was at the beginning of 2014, with the creation of Ethereum, when they finally became a reality.

These smart contracts “live” in an atmosphere not controlled by any of the parties involved in the contract, in a decentralized system.

This means that:

1. The conditions are programmed,
2. Signed by both parties involved
3. And it is ‘placed’ in a blockchain so that it cannot be modified.

These evolved contracts have as the main purposes:

• To implement a state of security greater than that of the traditional contract
• Reduce costs
• Reduce the time associated with this type of interactions

In other words, they seek to improve current contracts by being safer, cheaper, saving us time and avoiding fraud.

The total number of tokens is: 179,141,000,000 EFT. 1% of the tokens will be used during the launch of the initial sale allocation, the other 99% is reserved to reward the Easy Feedback users who send feedback to the companies over time. After the IEO, those tokens of 1% tokens (1,791,410,000 EFT) not sold during the IEO, will not be burned, but will be returned to the total supply for further mining through the Proof of feedback.

‘EFTs’ pre-mined in reserve are necessary to reward the feedback that, over the years, will be rewarded.

179,141,000,000 EFT. 1% of the tokens will be used during the launch, the other 99% is reserved to reward EasyFeedback users who send feedback to companies over time. 

This high supply, should not worry the investor because, as we have already said, these ‘EFTs’ can only be released by the feedback generated by the users and validated by the validating nodes.

Minimum capital needed to carry out the EasyFeedback Token project.

EasyFeedback will continue to commercialise its products to consumers and customers as usual and will increase capital to develop the blockchain project.

The capital that has been raised will be returned in full to investors.

It will enable us to offer our service in more languages in less time and therefore reach users in more countries in the world more quickly, which will boost use of the tool more globally.   

We will also be able to create the business area, EasyFeedback Labs, where we will work on the development and commercialisation of new products: EasyFeedback Survey, EasyFeedback Review, EasyFeedback Stats and EasyFeedback IoT.

Once the IEO is finished and once we are listed in Exchanges, the “EFTs” obtained as bonuses will be distributed as follows:

Study published by BBVA Research “Situation Banking – November 2018”

“In 2018 the value of crypto currencies has lost approximately 75% since its January level of this year (814bn USD).

Many analysts proclaim that it was an inevitable catastrophe given the intrinsic characteristics of cryptocurrency, but this catastrophe can be relativized if we consider that the price of bitcoin, for example, is still 80% higher than a year ago. Despite the volatility of these assets, cryptocurrency is beginning to attract the attention of the “traditional financial sector”. Definitely, it does not seem that criptodivisas are dying, but that they are entering a new stage of greater price stability, in which more institutional investors will enter and banks will offer associated services to their clients. “