Cryptocurrency Supported Electronic ESR Wallet Announces Crowdsale

Sep 29, 2017 at 09:43 // News
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ESR Wallet, a popular e-Wallet platform has announced the launch of its crowdsale campaign, starting September 25, 2017.

ESR Wallet, an e-Wallet company, currently operating with fiat currencies announces its token pre-sale, starting September 25. The project aims to create universal payment and credit service that will support all currencies, digital and fiat alike.

Storing money digitally has been possible for a while now with applications such as PayPal or Venmo, but there are still a lot of limitations in today’s platforms. Some of the limitation we see occur when sending abroad or in another currency there is always a hidden fee here or there, delays when transferring to another account, and no easy cash-back options are just some obstacles these digital money platforms face today. The problem is even more evident when it comes to cryptocurrency support.

Even though several e-Money startups are operating with both fiat and cryptocurrencies, none of them offer a full range of banking services.

We notice that unlike others the ESR Wallet payment provider is already a Licensed Issuer of electronic money, regulated by the Gibraltar Financial Services Commission.

ESR WALLET

The ESR is an e-wallet technology that allows everyday people to easily store, transfer, spend, and invest into cryptocurrencies.

The startup answers the primary needs of its future users by:

Starting with the mission to enable users to spend cryptocurrencies wherever cards are accepted – both online and in-store, the platform will supply physical cards, just like VISA or MasterCard available. Soon after, customers will be able to exchange their cryptocurrencies to 8 major currencies! All while enjoying the ability to use the ESR prepaid card in over 120 countries. Other features include the instant exchange of money between wallet users - through the app. The platform will offer all this at the lowest possible transparent fee.

ESR Wallet founded by Sergey Slastikhin, former co-owner of Paytoo, an e-Money company that has been working in the USA since 2005. He joins forces with talents such as Oleg Gerasimov, Arkady Khokhlov, and Vitalii Kirillov – founders of the IT company Fast and Shine featured on Forbes’ Top TOP-25 of the best franchises. The company implements IT solutions in the service sector.

And the last and most exciting phase, the platform will allow users the possibility of using cryptocurrency based credit cards, cash back features, and the ability to open an investment portfolio managed by an experienced trader. The last phase -- Trust Management fund, will be fully in place by August 2018.

Token Sale

ESR token is released on the basis of an e-Token contract. The platform has set the maximum number of tokens at 10,000,000 and all the unsold tokens are burnt after the crowdsale. You can participate in the token pre-sale on http://esrwallet.io/ via the Orderbook widget starting on September 25th

Each ESR Token equals 10 dollars, and the minimum investment is set at 1 ESR Token. Every investor who has bought more than 10 ESR token during Pre-ICO and ICO period will receive a free of charge personalized multi-currency prepaid card. The ESR tokens are available at a 50% discount during the Pre-ICO period.

Payment Procedure

According to the Charter,

"at the end of each quarter 30 percent of profits from the payment and credit service, ESR Wallet is transferred to specialized wallets, after which BTC, BCH, ETH, ZEC, DASH, LTC will be distributed among ESR token-holders as per the terms and conditions of the smart contract. Profit gained in USD and EUR will be converted at ESR Wallet market price as of the date of distribution of dividends in ETH and transferred to the relevant wallet.”

About ESR Wallet

ESR Wallet is developing a platform that will transform the cryptocurrency industry and create financial incentives for its users.

ESR’s mission is to develop a universal wallet with a full range of banking services and 20% per annum rate for deposits in any cryptocurrency. With cryptocurrency becoming a bigger part of the economy at a faster pace than expected, it is one’s first concern to be able to manage and spend them, just like USD, EUR, and other currencies. Technology and finance are more than ever intrinsically linked and we won’t be able to move forward in the cryptoworld without platforms such as ESR Wallet. 

ESR is advised by the Andrey Zamovsky, founder of Ambisafe, who has been involved in the cryptocurrency development since its early beginning and Oleksii Matiiasevych helped to save $1.4 M worth of Ether during the Parity Ethereum wallet attack.

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.



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