CANBERRA, Australia, March 21, 2018 (GLOBE NEWSWIRE) -- An Australia based startup, eInc recently announced free distribution of eInc tokens, to the existing ethereum holders. A blockchain based startup -- eInc offers entrepreneurs as well as existing business owners a chance to incorporate or shift their businesses online in a decentralised virtual world.
This news which was announced recently to the media by the company officials, came shortly after the commencement of their token sale, which started on March 4, 2018.
eInc team spokesperson said, “Being an ethereum fork it was only fair to give the existing ethereum owners a chance to utilise these tokens first as well as see the upgrade which we have given to the existing ethereum blockchain. Using these tokens one can easily incorporate fully democratic, decentralised and disintermediated organisations in a matter of minutes on our faster and optimised eInc blockchain”.
The company claims to have built a blockchain which takes half the block mining time as well as offers 2.5 times the miner rewards, compared to ethereum. It claims to also have increased the network and transaction speed which will make the dApps (Decentralised Applications) one develops on it, faster and more efficient than one currently running on ethereum blockchain.
Born as a result of a fork of Ethereum on block 5078585, the eInc tokens will be distributed freely to all ethereum holders, who held ETH in their ether wallet balance at the time of the fork, in 1:1 ratio.
All you have to do is to go to https://einc.io/#claim_eti and enter your Ethereum address. The ETI will be sent to the same ETH address so your private key of Ethereum will work for ETI too.
Once you receive your ETI on your old ethereum address, you can then transfer it to your ETI wallet address or any exchange wallet once the token is listed and then can trade these coins for Bitcoin seamlessly.
Or you can choose to use the ETI, to register and reserve your eInc — a global digital organization based on cryptographic proof of the blockchain instead of trust, that can operate borderless, permissionless, democratically and transparently with the consensus of its shareholders, without the need of a trusted third party and/or costly intermediaries.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ec586697-9cc0-4717-9735-d613a3de6ded