Ecostart is a public distributed cryptographic platform for creating applications and software solutions on an open blockchain. The platform is created for financial support of ecological and nature protection projects. The core of Ecostart will be TerraEcocoin’s own cryptocurrency (TECO), which generates the Proof-of-Importance algorithm.
EcoStart mission is to completely democratize process of investment of environmental projects by eliminating intermediaries and placing the power and control where it belongs – entirely into the hands of investors and ECN crypto currency holders.
Applications and tools that are developed in the EcoStart project will significantly reduce the problems inherent in the traditional system of investing environmental projects can provide new business opportunities and attract capital, and investors – to access a wider range of investments.
Using the EcoStart platform as a runtime environment for EcoStart platform applications, we make it decentralized, getting all the benefits that it has:
- protection against censorship and the ability to have all the information always
- fault tolerance;
- transparency and the like.
These properties of the block will enable to ensure the participation of the eco-community of the EcoStart platform in the discussion and decision-making on the financing of an environmental projects.
EcoStart will create and publish monthly reports on the implementation of goals and objectives from the roadmap. For the purposes of implementing the road map and developing the project, a corporate development plan and a marketing and advertising plan will be formed. Within the corporate development plan, highly professional staff will be employed, offices will be opened in financial centers of the world if necessary, and necessary permits and licenses are obtained.
INITIAL COIN OFFERING
During the initial placement of coins, EcoStart will issue virtual currency tokens called TerraEcoToken (TER) on the unit controlled by a smart contract. The purpose of the collection is $ 11,85 million. This amount is justified by the cost of developing the EcoStart platform, its scaling and the creation of a global public geoportal with the placement of waste sites based on aerospace monitoring of the earth’s surface. Pre-ICO and ICO platforms EcoStart will be implemented on the public blockade of Ethereum with the release of a token compatible with ERC20, whose interface allows you to deploy a standard token that is compatible with the existing infrastructure of the ecosystem Ethereum, including development tools, wallets and exchangers.
Token emission technology: Ethereum ERC20 with advanced security features ERC223. ERC20 is the standard for the Ethereum token, and the compatibility of the ERC20 and the Ethereum ecosystem allows you to program intelligent contracts in a turing full language, through which you can perform secure and customizable operations that meet the specific requirements of EcoStart. It makes it easy to distribute tokens between platform members, thus creating a truly decentralized system. With the launch of the EcoStart platform and the issuance of the TerraEcocoin crypto currency, the TER tokens created in the Ethereum blockchain system will be changed to the TECO crypto currency, created on a separate blockchain in a 1: 1 ratio. TER owners before the launch of the EcoStart platform will be able to sell-buy TER
tokens independently. We will also provide an opportunity to buy and sell TER tokens on the exchange.
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