About EBCoin ICO
The EBCoin ecosystem will revolutionize the duty-free/tourism tax refund market, currently estimated to be valued at $60 billion a year. EBCoin will function as an ERC20 token, standardized on the Ethereum blockchain and will be complemented by a complete eWallet solution. By using the EBCoin platform, consumers will receive their refunds instantly and can use the proceeds as a digital currency. With EBCoin, tax refunds will be transparent, resulting in greater efficiencies for tax authorities. For retailers, EBCoin will significantly reduce the high costs associated with the inefficient systems presently being used. It will also help promote higher spending by tourists at participating duty-free retailers, where consumers will be able to present payment using their EBCoin wallet as an optional payment method.
Our research has shown that up to $24 billion in sales tax refunds are unclaimed by travelers. This is due to inefficiencies in the current systems, such as paper-based processes associated with collecting tax refunds at points of departure. In addition, the industry currently charges merchants processing fees of up to 30% on the tax refund amount. This limits the effective use of sales tax refunds as an incentive to expand the shopping habits of tourists at their travel destinations. The EBCoin ecosystem consists of: consumer interfaces in the form of a mobile wallet application, the EBCoin token as a new digital currency, ATM kiosks in global airports, and merchant interfaces for accepting payments and participating in loyalty programs. The EBCoin token will act as a method for accepting payments by participating retailers, as well as having the capacity to process loyalty benefit program transactions. In turn, the ATM kiosks will support instant conversion to fiat or other cryptocurrencies.
The EBCoin project is backed by KR Partners Co. Ltd (KRP), a Korean based payment services provider established in 2006, specializing in tourism, travel and duty-free industries. KRP now has over 6,000 online and offline merchants in South Korea, China, Japan and Southeast Asia. Clients include airlines, duty-free shops, department stores and hotels. EBCoin has an international Board of Advisors, with deep domain experience in digital payments, financial technology services, tax refunds and monetary systems.
Bruce W. Yang
Leo K. Nam
Gerrard Y. Yang
Iris S. Jo
Vicky C. Li
Chloe C. Byeon
J. Michael Bradley
Chief Commercial Officer, Omise
CEO of Foxtail Marketing in the U.S.
CEO, EXTRAVAGANZA INTERNATIONAL, INC.
Nguyen Huu Tuat
Co-founder & CEO, MPOS GLOBAL GROUP
CRO, Omni Commerce (China)
- Establishment of EBC FOUNDATION
- Proceed with Crowd Sale and KYC / AML
- Partnership and MOU with related companies
- Listing on domestic and overseas cryptocurrency exchanges
- Finalize contracts with duty-free retailers and merchants using EBCoin Wallet
- Distribution of EBCoin Wallet & Tax refund process (Prototype)
- KIOSK H/W Function design
- Open KRPEX Exchange (Reason for change of schedule: Korean government institutionalization issue)
- Lease agreement for deployment of KIOSK & ATM
- Design and module test for KIOSK & ATM
- Integration test for KIOSK, ATM & EBCoin Wallet
- Manufacturing of KIOSK & ATM H/W
- Provide EBCoin Wallet to customs and proceed with tax refund procedure training
- Proceed with tax refund procedures training for duty-free shops using EBCoin Wallet
- Finalize logistics to manufacture KIOSK & ATM
- KIOSK & ATM Prototype simulation
- Prepare KIOSK & ATM manual
- Pre-training for KIOSK & ATM deployment sites and quantity calculation relative to production cost
- Manufacturing of KIOSK & ATM and integrating them to reflect the current market value of EBCoin in Exchanges
- Kiosk and ATM Deployment in Lotte Department Store (South Korea) and Inchon International Airport (South Korea)
- Initiate contracts with other major airports in the world
- Full pilot and testing
EBCoin token info
||1 ETH = 24150 EBCoin
|Equity on offer
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