The feel of independence drives our desire time to time. Independence varies with age, spending few rupees from your pocket might bring you a sense of independence as a juvenile while it may change to running your own company as an adult. The independence index may change but strive for achieving it is endless. Establishing a start-up gives the sense of independence and at the same time living for many. Start-ups involve lot of hustle and bustle. You being the centre of the newly budding company, lot of responsibilities fall on your shoulders and there needs a proper plan and timely maintenance for a smooth run.
Start-ups are generally opted out in a very young stage. Lack of proper planning and seeing losses at a very beginning stage contribute to the large downfall rate. The biggest contributor of collapse in the start-up enterprise is the lack of enough capital. Many opt to overthrow potential start-ups due to improper management of economy resulting in large debts. Hence Start-ups need a creation of more managed and scalable network for a disciplined flow of work and also to reach out to the target audience. The EInc (EtherInc) came up with an innovative and strong solution to ensure that majority dreams of young lives doesn't cease to an end at a very starting stage.
EInc is a blockchain solution for the prevailing problems faced by many entrepreneurs while establishing a start-up. EInc believes that start-up needs decentralization for a smooth and effective run of the firm hence came up with an innovative solution of decentralizing the organisation. The solutions derived are free from restrictions impelled, expensive intermediaries required for running the firm and constraints across the border. EInc turns managing the Start-ups easier and in making dreams of many a reality.
The traditional Ethereum solution is a matter of past as it was analysed to lack enough bandwidth to run a complex organisation, lacks proper scalability and higher GAS price of Ethereum, these raised the requirement of an alternate source and EInc proved its worth with a contemporary design and its effectiveness in turning a small firm into a large organization. The EInc's main advantage over other solutions is its ease of creation of Smart Contracts and other decentralized apps. These also come with an added advantage of enforcing their own ownership rules suitable for their organisation. Employees seeking faster and wider development find EInc the perfect solution.
The striking features of EInc are:
1. EInc dApps:
A smart contract controlled by the members and can be suitably altered with requirements of the organisation in contrast.
2. EInc Work-Flow:
This organised flow can be used while making or breaking decisions such that every member of the organisation has a say. The decisions are sent as proposals and every member votes for the proposals, the making or seeking proposals are based on grades (ranks) in the firm. This ensures the distribution of ownership seamlessly without any border constraints.
3. EInc Grades:
The grade is an index of an individual's position in a firm, lesser the grade greater is his position. CEO's grade is generally 1 and he has the ultimate power in making or breaking a proposal.
4. ETI (EtherInc ICO):
ETI tokens are the cryptocurrency used in the EInc environment. The crypto coin can be used in many ways from paying salaries to voting over a proposal. Another notable contribution the ETIs do to enhance the Start-ups is raising capital by crowd funding. There is no more need to visit industries and seek their funding, being decentralized ETIs make crowd funding for the firms easier and as a large network is involved, it becomes easier to reach the potential funders.
Thus EInc removes all the feasible barriers to the entrepreneurs that are dropping down the success rate of Start-ups. The restrictions imposed previously are now confined to papers. The Blockchain solution decentralized functioning of firm hence enabling people with various thoughts contributing to the firm. The innovative solution of seamless decision making with voting and grading concepts made work-flow smoother and also newer and advanced protocols of crowd funding were devised. The EInc ensures an impeccable and secure environment for many budding Start-ups.
For more information
Website - https://einc.io/
Whitepaper - https://cdn.einc.io/assets/files/einc_whitepaper.pdf
Published by smithjones
Profile - https://bitcointalk.org/index.php?action=profile;u=1936039