Erecoin – your ticket to trust

THE SOLUTION

Additive Manufacturing

Additive manufacturing, commonly referred to as 3D manufacturing or additive manufacturing, is becoming increasingly important in industry. In particular in prototype construction, in components with a high degree of individualization or components with a complicated geometry, these production methods are used. But also in the production of end products, the extent to which additive manufacturing is used is growing.

Challenges

In the growing market for additive manufacturing, many different experts will have to work together in the future to solve constructive challenges. And the data exchange of finished print data between designers, contract manufacturers and users will increase sharply and thus the question of the trust and security of a transaction – in different countries and across national borders.

The Idea

By using blockchain technology, the erecoin platform will simplify and secure the data transfer of 3D related data. Files can be exchanged via secure and protected transactions, using erecoin token. Smart Contracts safeguard all parties involved in the 3D printing process and bring transparency and a scalable compensation method into the megatrend market additive manufacturing.

MARKET ANALYSIS

  • Usage of 3D printer as part of the product development process (mouse-over for details)
  • Additive manufacturing application areas
  • The most important technology trends in industrial companies (Germany 2015)
  • Additive manufacturing market volume worldwide by 2023 (in billions of euros)

THE TECHNOLOGY OF SECURITY

Blockchain & smart contracts

If you’ve read this far, it seems you’re interested in what blockchain means for Additive Manufacturing and what this technology has to offer the community. Try to imagine a 3D world in which you can send your data on collaboration platforms or from company to company without worrying about manipulation, simply by securing your place in the blockchain. The decentralized networking of additive manufacturing between industrial producers, engineering offices and consumers creates a completely new and fast-spreading world, which will be in an urgent need of regulations.

The answer is blockchain technology and especially for additive manufacturing: erecoin. What we mean, when we are talking about erecoin is a hybrid made of crypto currency and tokens. The blockchain technology enables both, a secure space in a new build chain where smart contracts can be used tailormade for additive manufacturing need and at the same time with room for individuality for participants and their agreements. The currency aspect of erecoin makes it easy to pay for certain licensees or print rights e.g. without leaving the application environment.

ICO & how to join

The term Initial Coin Offering (ICO) is based on the English term Initial Public Offering (IPO). This is an IPO in which shares are offered from existing shareholders’ holdings or from a capital increase on a capital market. While in a stock exchange company shares are sold, an ICO is to sell so-called tokens. Basically, you can think of these tokens as digital coupons which functionality can vary depending on the ICO. In most cases, they serve as currency for the project being funded with. In this case, investors are given the opportunity to invest early in a cryptocurrency that is actually not yet available.

The idea: If the project is successful, then the value of the token should also rise above the original issue price. The fact that more and more investors see it as a useful and/or profitable investment opportunity is shown by the fact that in 2017 alone more than 180 million US dollars were invested in various ICOs. According to Smith + Crown, this value was only $ 101 million in 2016. And for the developers of cryptocurrency and blockchain products, the model makes sense. Because it is a practicable way to finance their work.

OUR SAFE UTILITY TOKEN

Don’t worry! If we do not want to reach the softcap, our smart contract function will ensure that you get your used etherium back.

Allowance

The Crowdsale is granted an allowance to another wallet that already owns the tokens to be sold in the crowdsale.

Capped

First of all, adds a cap to crowdsale, invalidating any purchases that would exceed that cap.

Whitelisted

Only allow whitelisted participants to purchase tokens. this is useful for putting  KYC  whitelist on-chain.

Timed

Have an opening and closing Time of crowdsale.

Post Delivery

Moreover, distributes tokens after the crowdsale has finished, letting users call withdrawTokens( ) in order to claim the tokens they’ve purchased.

Refundable

Finally, the Crowdsale offers to refund users if a minimum goal is not reached. If the goal is not reached, the users can claimRefund( ) to get their Ether back.

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