EmaratCoin - A major player in Crypto Market (Press Release)
We are glad you are here because you and our members are jointly building up an independent cryptocurrency economy that brings you a lot of benefits and helps you get good profits as well. In this period of the year when the whole crypto market is permanent changing with ups and downs, we’re facing hard times. No need to mention where we were and where we now with our beloved EmaratCoin Foundation. We all know.
After almost two months of working with our community for the community we are facing many challenges on all sides every day. No need to worry for that, we have the solution!
When we took over this project we made a promise to you, to our friends and families, to ourselves as a team, to carry on the project in a proper, feasible and ethical way. No matter what other people say about our community or about us, we identified thousands of members with good will and knowledge, able to prove our good intentions and desire to succeed.
We decided to change our previous roadmap this month, in cooperation with top management of some financial institutes. This way it will be easier to inform you all about the current situation and the steps we need to follow for a stable future.
Completion of Successful ICO:
Initially when we started our private sales, we sold 10% of total AEC at the price of 0.13$ and collected a total fund of 297,000 USD for company’s operations and marketing purpose.
You can find the whole calculations of raised funds in below
Along with above calculations, we kept 20% of total supply of EmaratCoin (AEC)*as company management fund for bounty campaigns, marketing campaigns, airdrops, future partnership fund, directors and advisor’s benefit plans, exchange testing and multiple other purposes.
Successful Start & Launch:
On April 2nd 2018, we successfully fulfilled our promise and came to first crypto trading exchange (tradesatoshi.com) and then we came to another 2 more exchanges as well. After ICO completion, we were on several platforms within 3 months tenure and we start delivering our products as per our roadmap. We delivered 90% of total of roadmap in last 4 months even overall cryptocurrency market was bleeding very hard. We tried our best to deliver the best as per our roadmap. Every effort has been made to ensure that our users can get the best value of AEC. The purpose of Emarat Coin is to serve as a digital-age payment system as well as provide financial freedom and independence and we are still very active on our base strategies.
Bleeding Cryptocurrency Market:
According to Real-time data, Cryptocurrency markets are currently bleeding so much hard especially bitcoin is impacting a hard and tough stage on whole industry. Continues drop of industry is causing lot bad impacts on all altcoins including EmaratCoin (AEC) as per value. As value of any altcoin is not only dependent upon it usability only. It’s possible that the bitcoin price has found a bottom, but that doesn’t necessarily mean that it’s headed for a new all-time high before the end of the year.
Bitcoin’s price movement generally affects altcoin prices. The relationship isn’t always predictable, but there are some common trends.
In simple terms, here are some trends that have historically occurred. The main currency in cryptocurrency markets is Bitcoin (Ethereum, and Tether are also used, but Bitcoin is the primary currency). Given this, alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.
AEC is not alone, it will be affected by the general market specially Bitcoin. There could be an outlier in AEC itself, but it will always hold true for the market as a hole. Markets hunt for liquidity and that is what they are made to do. Most of the people who made the most money from Bitcoin, were all the people who forgot they even had them. They were strong hands, by being ignorant. Those who traded, timed, and tried to outsmart the market ended up losing or made a lot less gains.
But it’s not just EmaratCoin that’s been having a rough go of it, as a number of other top altcoins have dipped in the past 6 months.
Bitcoin (BTC) is down by 62.58%.
Ethereum (ETH) is down by 70.72%.
Ripple (XRP) is down by 88.48%.
Bitcoin Cash (BCH) is down by 83.33%.
Litecoin (LTC) is down by 81.85%.
Cardano (ADA) is down by 89.94%.
IOTA (IOTA) is down by 83.19%.
Tron (TRX) is down by 89.95%.
NEO (NEO) is down by 85.35%.
While EmaratCoin (AEC) already given the maximum profit for Private Buyers, and AEC holders of ICO Phase-I & Phase-II. Technically 72% of the total buyers are in profit or cashed there AEC on good profit. We already reached 1.38$ which was approximately 981% for Private Sale Buyers, while up to 270–395% for ICO Phase-I & Phase-II buyers. At current stage, we are still at the best position and will be growing eventually as per flow of the market situation. The current downswing may actually be presenting an opportunity.
This crypto coin is still a major player, and it offers a ton of advantages over many other digital assets. We are updating our whole ecosystem to another level in the month of August, 2018 and will connect whole Ecosystem to each other so everything will be connecting with each other and will create a better impact on usability as well as demand. You’d think that the price of ADA would be surging — but it has retreated slightly. Maybe this is the buying opportunity that some potential EmaratCoin AEC buyers have been waiting for.
Ongoing Developments:
Currently we are under the development of our payment system under the umbrella of NevCore Technologies International (Pvt) ltd. The main reason behind success of any crypto or digital asset is directly proportional to the project’s value for the public and its usability. When we started our project, there was a simple and easy way to fly in the market but some big boys came to the scene and start influencing the whole crypto industry so lot of new regulations were introduced. We started following all the new rules and regulations for exchanges and other systems to bring best and we completed KYC for thousands of our users within a record time of 1 month only.
We are currently working on development of
· EXU — Digital Asset Exchange (Already in testing phase)
· Payment Processing System
· Payment Plugin for WordPress
· Mobile Applications (Android & iOS)
· Web Wallets
· EXU — EXU Exchange Token Launch
Along with above development from our technical team, we are also in process of listing EmaratCoin (AEC) on multiple big exchanges. But according to new regulations, we are still in the process and will be working hard for listing us on big exchanges but listing on big exchanges without a proper ecosystem will never create a positive effect until whole market start moving in a positive way.
For above reasons, we are restructuring our whole ecosystem with few new business strategies so all of our users can grab maximum benefits from our ecosystem. One of EmaratCoin’s goals is to implement into our blockchain a method of verifying transactions location, purpose and origin through a secure method of transferring user data across the blockchain — which will only be viewable by certain parties. This will abide with acts such as the Anti Money Laundering Act, Anti-Terrorist Funding Act and various Data Protection acts.
EmaratCoin has really considered the implications of scalability into our project. As more users are interacting with the EmaratCoin’s blockchain, the transactions per second will increase. This therefore increases the computing power needed to quickly process the transactions that are taking place. Currently, many blockchains require a copy of the entire blockchain while processing a transaction, which will slow down transaction time drastically as user adoption increases. We aims to mitigate this scalability issue.
EmaratCoin solves many of the issues presented by current blockchain networks, notably transaction speed. For widespread consumer cryptocurrency adoption to take place a blockchain network must be able to sustain high transaction processing throughput. The Bitcoin blockchain, for example, is capable of only 6–7 transactions per second, whereas EmaratCoin’s mechanism has been clocked at 97 transactions per second. The EmaratCoin is heavily focused on long-term sustainability, allowing for the implementation of new features through a soft fork system. Overall, the EmaratCoin’s team appear to be developing a blockchain network that delivers far more than simple use cases such as digital cryptographic asset.
Ongoing Planning & Strategies:
· We will be connecting EXU — Digital Asset Exchange’s 20% of total profit to buy AEC from market which will eventually increase a demand and increase value of AEC
· We will be launching EXU — EXU Exchange Token and will give away to AEC users as free. EXU Exchange token will play a vital role in exchange so value will be increased depending upon business of EXU digital asset exchange.
· NevCore Technologies International will start receiving payments in AEC for its blockchain solutions and services which will create a good volume as well as increase value of overall ecosystem
· We will be listing EmaratCoin at some high volume exchanges in upcoming months to increase volume and demand.
· We will be launching our payment processor and payment plugins for online payments which will impact whole blockchain.
· We will update our whole ecosystem & update whitepapers and launch business special strategies with the help of financial experts of major financial institutions
More importantly, you will find out what we are trying our best to change the situation for you so that we can all benefit again. This will not be easy, but as you will see, in the last few months I already have invested heavily on the core development of whole project and survived in bleeding market.
In short, you are owed the truth in black and white.
EmaratCoin solves many of the issues presented by current blockchain networks, notably transaction speed. For widespread consumer cryptocurrency adoption to take place a blockchain network must be able to sustain high transaction processing throughput. The Bitcoin blockchain, for example, is capable of only 6–7 transactions per second, whereas EmaratCoin’s mechanism has been clocked at 97 transactions per second. The EmaratCoin is heavily focused on long-term sustainability, allowing for the implementation of new features through a soft fork system. Overall, the EmaratCoin’s team appear to be developing a blockchain network that delivers far more than simple use cases such as digital cryptographic asset.
Ongoing Planning & Strategies:
· We will be connecting EXU — Digital Asset Exchange’s 20% of total profit to buy AEC from market which will eventually increase a demand and increase value of AEC
· We will be launching EXU — EXU Exchange Token and will give away to AEC users as free. EXU Exchange token will play a vital role in exchange so value will be increased depending upon business of EXU digital asset exchange.
· NevCore Technologies International will start receiving payments in AEC for its blockchain solutions and services which will create a good volume as well as increase value of overall ecosystem
· We will be listing EmaratCoin at some high volume exchanges in upcoming months to increase volume and demand.
· We will be launching our payment processor and payment plugins for online payments which will impact whole blockchain.
· We will update our whole ecosystem & update whitepapers and launch business special strategies with the help of financial experts of major financial institutions
More importantly, you will find out what we are trying our best to change the situation for you so that we can all benefit again. This will not be easy, but as you will see, in the last few months I already have invested heavily on the core development of whole project and survived in bleeding market.
In short, you are owed the truth in black and white.
