EtherInc, ETI Coin Sale & FAQs

We are pleased to announce the upcoming token sale for the ETI Coin (ETI), the utility token for EtherInc Blockchain. Below you’ll find some commonly asked questions.

Please note that the sale of ETI is subject to the ETI Distribution Terms & Conditions that is available on our website.

When is the ETI coin sale?

The main coin sale is currently scheduled to begin on July 15, 2018, at 0:00 a.m. GMT. It will remain open until July 25, 2018 or our hard cap is reached (whichever is sooner).

How can I request to join the whitelist?

You can now request to be whitelisted at https://einc.io/whitelist.

All purchasers will be subject to our KYC/AML policies and procedures and such other due diligence as we may decide to conduct in our sole discretion.

EtherInc reserves the right to reject any potential purchaser in its sole and absolute discretion. All purchasers will be required to agree to, and be bound by, the ETI Distribution Terms & Conditions.

Will there be a discount/bonus in coin sale?

Yes, There will be bonus for private and main sale I.

EtherInc is committed to raising no more than the ETH equivalent of USD 22,000,000 (the “hard cap”) from selling ETI (including advance and private purchases and the main token sale) as calculated according to the ETH-USD closing price on coinmarketcap.com for the day prior to the main sale.

What will be the price per ETI Token?

Price per ETI coin will be 0.10 USD per ETI.

Which Coins contributors will receive during coin sale ?

Contributors will receive EtherInc blockchain coins, however, for trading ETI on exchanges everyone needs to swap EtherInc blockchain coins with ERC20 ETI tokens.

Will ETI be an ERC-20 token?

No.

Which coin will be available on exchange ?

For exchanges, initially ERC20 ETI tokens will be available for trading. The reason to issue ERC20 tokens for initial trading has been taken to ensure that only coin sale participants are given preference for whitelist. This will ensure that no airdrop coin generated from the fork or marketing reserve enters the exchanges unless the prices stabilise.

Will Contributors gets priority for exchange trading ?

Yes, We will give first priority to EtherInc private sale contributors for trading ETI on exchanges, Second priority for main sale contributors.

Will U.S. persons be allowed to participate?

No. U.S. residents, citizens and green card holders will not be allowed to purchase ETI at the moment, however, only accredited / institutional investors can participate in coin sale. Residents of other countries are advised to refer to their local laws related to buying digital tokens.

Will there be a lockup period for coins purchased through the coin sale?

There will not be a lockup on the base coins. The ETI purchased during the coin sale will be distributed with in 24 hr of purchase.

However, there will be a lockup on the bonuses given in the coin sale. There will be a 3 months vesting schedule with 33.33% of the bonuses released every month after main coin sale.

Will there be a minimum purchase requirement?

There will be a minimum purchase requirement of 5 ETH for the private sale bonus and 0.1 ETH for the main coin sale.

What is the use of ETI coins ?

ETI coins are the fuel of EtherInc blockchain, just like Ethereum has ETH coins as a fuel in Ethereum blockchain

What will be the supply of ETI, and how will it be distributed?

Total supply of ETI is divided in to two parts:

1. Genesis Coins:

• 450,000,000 ETI coins will be available for sale in the eInc Coin sale.
• 100,000,000 ETI coins have be allocated for Strategic Partnerships such as partnership with other Wallet partners to include ETI and for partnerships that help further build and foster the ETI ecosystem.
• 100,000,000 ETI coins have been set aside for EtherInc Startup Fund to support startups that register their organization on einc.io.
• 100,000,000 ETI coins will be assigned for EtherInc future development and will be vested for 5 years (33.33% released in Year 3, 4 and 5).
• 97,528,142 ETI will be distributed to Ethereum holders who had ETH in their wallet balance at the time of the fork in the ratio 1:1.
• 60,000,000 ETI coins will be available for development of EtherInc.
• 37,500,000 ETI coins will be available for Team (will be vested for 6 months post crowd-sale).
• 30,000,000 ETI will be company reserve for miscellaneous operations.
• 15,000,000 ETI coins will be available for marketing, bounty and airdrops.
• 7,500,000 ETI coins will be available for advisors.

2. Minable Coins:

EtherInc Blockchain which was started on Tue, 13 Feb 2018 16:21:28 +0000​ has a fixed time for last block reward which is Fri, 07 Feb 2042 16:21:28 +0000. ​After this time, no block reward will be awarded to miners.

EtherInc (ETI) block reward is 3 ETI and it will halves every 1095 days (~3 years) till Fri, 07 Feb 2042 16:21:28 +0000. ​Total of ~ 94,238,438 ETI can be mined over ~ 24 years.

How will the funds received be used?

EtherInc intends to use approximately 22M USD for:

Development (~10M USD)

• EtherInc Blockchain
• EtherInc Utility softwares
• eInc Marketplace
• eInc HR dApp
• eInc Payroll dApp
• eInc Name Service
• UI & UX enhancement for the existing eInc dApp
• Other development works

eInc Maintenance/Support (~4M USD)

• eInc applications and Marketplace Support
• Blockchain maintenance
• Servers maintenance and running costs
• eInc mining support
• Office staff
• Compliance team

eInc Marketing (~4M USD)

• Online Marketing
• Community management
• Seminars
• Sponsorships for conventions
• Educational series in different languages
• Continuous media outreach

eInc Research (~4M USD)

• Research on DAO and consensus for future protocol changes
• Case studies and market feedback to understand the future development needs for the platform
• Research on different use cases possible with eInc and publishing the frameworks which organizations can adopt for their implementation

How can I stay informed about the ETI coin sale?

You can sign up for email updates on our website, join our Telegram group, and join our Telegram announcements channel.

*We will update this document from time to time. You should periodically check our website for updates.

Beware of scams, and especially of scammers posing as EtherInc team members. The only way to participate in EtherInc coin sale is by visiting https://einc.io/purchase or contacting us.