As far as investments go, EncryptoTel is a very interesting proposition.
Having researched the project over the last couple of weeks, it is clear to me at least that the development team have completed a lot of the ground work and developed the EncryptoTel platform to a point where it is close to being a working product and ready to deploy the services they have in the pipe-line.
It’s not often one comes across a project with a fully-fledged working platform, developed up to a point where the website is fully developed with the UI polished and ready to go. Even the tariffs for different packages have already been updated on the website. The only thing that needs to be completed now it the tech that the platform will be running on.
Additionally, to being this far in development, the Team have the infrastructure in place to have the services launched in 100 different countries dotted around the globe.
These guys are not messing around.
As a proposition for users to begin using the platform in place of the existing platforms they’re using, there really is a very low barrier to entry, which means that the services should be relatively easy to sell to the public and businesses.
As stated in one of my earlier articles, sole users will be able to use the platform for free with users all around the world with 1 x free number, being able to benefit from the technology of the platform for completely free of charge.
As EncryptoTel is a kind of Viber that will be available as a cross-platform application and basically free for users around the world to use, but with the added benefit of completely private and encrypted communication with their friends and family. With privacy being such a hot topic today, I do not think it will take much for people to see the benefit of using such a platform.
Something else that will help attract to new users of the platforms that EncryptoTel have something called ‘Call Mining’.
This is where users of the service earn ETT tokens by simply using the service through the calls they make. So, in effect, callers can earn ETT tokens simply through using the platform which they can either sell or use as more credit to be used on the platform, in a way, it is a kind of Cashback system. 10% of the ICO funds will be reserved for the funds issued to customers as rewards for using their services.
Customers using EncryptoTel Services will receive a discount when buying with ETT tokens, which will theoretically put buying pressure on the ETT token and in doing so, will increase the value of the token.
What's more is that users have the option to pay in a range of different currencies including fiat and crypto currencies. Currently users are able to pay in USD, EURO, BTC and LTC. However, more options will be added in both fiat and crypto-currencies in the future.
Other things that are important to note as added benefits of holding the ETT Tokens are;
VOTING POWER: Holding ETT will allow investors to take part in strategic business decisions, proportional to the amount one holds, weighted heavier the more one owns.
PERSONAL INVESTOR ACCOUNTS: Investors will be able to track company statistics, current quarter profits and the EncryptoTel payment history through their individual personal account.
BURNING: Whenever ETT is used to pay for services, these tokens will be burned. This will reduce the available supply, increasing the buy pressure from new customer payments. Over time, it is expected that this will dramatically drive up the price.
With the above being said, the use case and market penetration potential is really quite promising as well as the drivers in place that will drive the value of the ETT tokens up.
These factors should all be considered when the decision comes to whether or not you should invest.
But here’s the kicker. . .
They only aim to raise $3,000,000. Once they reach this target the ICO will be closed, and no more tokens will ever be issued, ever.
Having a fixed supply is always music to an investors ears as there is no inflation and so if the project is a success, the value of the token bought will become quite valuable in the future, especially as the ETT token is what will be what will be powering the platform in terms of customers buying credit.
From what I can see, this project has legs, and a good pair of legs at that! A platform ready to be rolled out globally with a guaranteed maximum marketcap at $3,000,000.
If this project is a success, the marketcap for the ETT tokens will have to be worth many more times what they will be worth at launch.
I do not expect the ICO to last long solely due to the limited cap in investment and the sheer potential of this project and the amount of interest is seems to have attracted. You can see a article recently published on www.cointelegraph.com here:
https://cointelegraph.com/news/telecom-breakthrough-blockchain-to-stop-big-brother-from-watching-you
If you are thinking about investing in EncryptoTel, I would highly recommend that you check out their Slack Channel and their Bitcointalk forum, both of which I have listed below.
ICO Website: http://ico.encryptotel.com/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=1848180.0
FURTHER READING:
PART 1:
Highly Anticipated EncryptoTel ICO – Launching 25 April 2017 – Changing Communications for the Better
PART 2:
Why the World Needs EncryptoTel + Investment Opportunity (ICO)
PART 3:
How EncryptoTel will Work & Who it is For – The Nuts & Bolts & Services Offered (ICO)
