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.
2. Terms of Token Sale
EBCoin has allocated 750,000,000 EBC tokens to participants via a series of token sale events. This represents 50% of the total supply of 1,500,000,000 EBC. During the two pre-sale periods, 20% of the token sale allotment will be made available for a total of 150,000,000 EBC. A further 80% of the token sale allotment will be available for the main token sale event, 600,000,000 EBC in total. Unsold tokens from Crowd sale will be burned and tokens purchased during our token sales will be unlocked before listing on exchanges. With 80% of the proceeds to be reserved for product development and the remainder allocated for sales, marketing, and reserve.
EBCoin will utilize third-party auditing and accounting services for transparency and governance and is compliant with all laws and regulations of Singapore.
3. Contract Address
4. Useful Links