Etch Foundation Announce Token Sale

Barry Sheerman MP, Barry James (Crowdfunding Centre Founder), Euros Evans (Etch CEO), Paul Niederer (CEO of Wealth Migrate Australia), Ken Williams (CEO of Wealth Migrate UK), Malcom Trotter (International Association of Bookkeepers Chief Executive) and Tomasz Mldouchowski (Etch CTO) at the All Party Parliamentary Group for Crowdfunding at the House of Commons on Monday September 11 2017

725
ADVERTISEMENTSFuture of Moneycreditx RoboRobo Dreamtime

Share with:


Etch, a new Blockchain-based payroll system which allows employers to pay workers second by second, has announced it is raising £5million to develop the platform through a token sale which started on Monday 18 September 2017 at 6:00 PM UK time (BST) and will last for one month.

Etch is the first approved decentralised app (dapp) in the London-based Construction Blockchain Consortium, a group of leading UK champions of disruptive technology who are transforming the building environment.

People using Etch will be paid in the currency of their choice and it even allows for part payment to a family member home or abroad. It will use an innovative payroll card that will be accepted at millions of locations worldwide. Additionally, the system allows those who do not have bank accounts to be paid securely.

The Etch system will use its own token, called the Etch Token (symbol: ETCH). Denbighshire-based Euros Evans, a Blockchain technology expert, is the CEO and driving force behind the Etch Foundation. Euros Evans said, “Billions of the world’s population live paycheque to paycheque, a situation that can lead to mounting debt, stress and poor health. Etch’s solution enables employers to pay their employees in real time. If, for example, they don’t have any money at the beginning of the day, their morning’s work will mean they have enough money for lunch and other purchases.

“When people are being paid as soon as they’ve earned it, we can reduce the need for payday loans and other such instruments to plug spending gaps, as well as improving employees’ peace of mind.

“We will use Blockchain technology to unify payroll and remittance services to create a platform that not only benefits employees, but reduces business inefficiencies, saving them time and cost in payroll.”

Euros is supported by a team of innovators including Etch CTO Tomasz Mldouchowski, a former MIT student of computational physics and supercomputing. Tomasz has worked on a number of technology projects and is also a technology consultant for a number of financial institutions.

As well as Euros and Tomasz, Etch has a talented technical team including engineers Joshua Richardson and Denis Lukianov, and digital entrepreneur Ben Whyte. Joshua is a Blockchain engineer and programmer who deployed his first commercial software at the age of 13. Denis created a prototype for Bitcoin future’s exchange and invented Compact Confidential Contracts in 2015. Etch Community Manager, Ben Whyte ran his first business at the age of 14 and later became a Blockchain consultant and business developer.

Etch also benefits from a wealth of knowledge from its advisors including Technology Entrepreneur Ross Laurie, who said, “Payroll is a highly emotive subject and can be a source of much distress for employees and contractors. This system can work in every industry with every currency. The Etch system will be aligned to successful and ethical firms whose leaders wish to pay people in a timely way with minimal paperwork.”

For more information about the Etch token sale please visit https://etch.work.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementGameflip"