Enkronos - Project Review

PRESENTATION


As the most popular and wildly used, centralized cryptocurrency exchanges have gathered a significant amounts of influence over the years. The centralised exchanges control the power to make or break blockchain projects, and usually, they are the only businesses that remain lucrative regardless of the level of volatility and instability that the cryptocurrency markets experiences.

 The massive wealth and influence that centralised exchanges posses has led to serious unethical acts of market manipulation and exploitation that emphasize exactly the reasons why decentralized exchanges are needed now more than ever.

 A shocking information was brought to light by crypto Trader named Silvain Ribes, where he believes that far above $3 billion of all cryptoassets’ volume are fabricated and unreal, and that OKex, which is the number one exchange rated by volume is the main offender with up to 93% of its volume being fake.

 In addition, another trader points out the disturbing fact that the NASDAQ stock exchange only charges below $200,000 for listing mega companies, while a lot of centralised crypto exchanges are trying to charge more than $500,000 in listing fees.

 Cryptocurrency influencers and many other people all over the internet are beginning to share different bad stories about how centralised exchanges operates in the same corrupt manner as any regular centralized organizations that posses too much power and influence if they are left unchecked.

Enkronos 
Enkronos is seeking to create a fully decentralized, trusted and blockchain-based accountability system to ensure ethical advertising,
good marketing and smooth data-driven campaigns and projects. The created system is to ensure that data is easily accessible to users and to ensure that such data is not abused or misused. Enkronos would ensure that data is kept safe and privacy system is implemented in the platform. The Enkronos tokens are the utility tokens to be used on the applications platform. The system is a multi-platform based system that consists of a large number of heterogeneous platforms created for the diverse populace.
Structure
The Enkronos structure is of three logical layers which are; data, services and platform layers. The data layer signifies the public register or the private database. The platform layer acts as the intermediary layer. They help to connect data to the end service while identifying the right logic and model for accessing the data. The third level which is the end user level is to identify services and application to be given to the end users who could be the consumer or the operator. It’s the most often visible and external layer. The Enkronos app platform would be the environment or ecosystem where product and application would be published. The app-based platform would give access to diversely unique apps ranging from marketing to promotion to AR/AI engagement, interaction, prediction etc.
Concept
The system is structured in a way that companies are centralized to engage users. There are multiple applications incorporated into the system to create an environment where solutions are easily provided to solve problems. Content Creators are given full access and modification right to manage all resources as regards to data. Depending on familiarity, end users can choose their preferred application types on the platform to interact with the system. Application types could include android, ios, cloud, google and facebook type applications.
Uses

The system consists of various applications, system or features ranging from mobile or website app, augmented reality app, customer loyalty and loyalty campaigns management solutions, multichannel digital competitions management solution system configuring solutions, storage/manufacture and distribution of digital passes, ticketing, couponing, e-commerce market system creation and usage, e-payment solutions, e-voting and e-democracy platforms.
There are also integrated technologies which include Geo-Positioning System tracking, engaging social media extensions, interactive multimedia, games, semantic websites, sensors etc. Field or industries where the innovative solution is applicable include energy, social media, finance, publishing, legal, large retail organization etc. This blockchain technology would be necessary in the blockchain-based business evolution while also integrating good ethical observance and policies.Sectors that could benefit greatly from this system are the financial services sector, healthcare sector, manufacturing industry, retail industry, production and consumable sectors, Agri-tech industry, construction sector, automotive industry, security sector, energy industry, wearables, public sector (governments, regions), civic groups and associations. IT developing companies, tech companies, startups, air pollution management, water management, waste management and defense institutions are also not excluded.
Tokens
The utility token to be used on the system is the ENK token and that would be the only way to access the platform. The balance would be updated based on the resources consumption, storage, and requests. The token would be used for crowdfunding, payments, purchases, investments and also for rewarding supporters.
The token would be of ERC20 standards and it would be on the Ethereum blockchain. 500 million tokens would be produced and 255 million would be made available for sale to the public. 16 % of the total tokens produced would be locked away. The remaining tokens would be used as bounties and reserves and also given as benefits to the team, founders and advisers. Revenue generated from the sale would be used for apps integration, development, internal businesses, legal activities, administrative activities, advertisement and public relation.
Conclusion
Research has shown that the market size for the system is huge and as such, there is a huge potential in the existence of the system. It is estimated that by the 3rd quarter of 2019, the system would be up and running. With the assistance of a carefully organized and dedicated team, success is expected.
To find out more about ENKRONOS, use any of the following links:
WEBSITE: https://ico.enkronos.com/
WHITEPAPER: https://ico.enkronos.com/wp-content/uploads/2018/05/EnkronosApps_WP_1.4.pdf
LITEPAPER: https://ico.enkronos.com/wp-content/uploads/2018/05/EnkronosApps_LightPaper_1.4.pdf
ONEPAGER: https://ico.enkronos.com/wp-content/uploads/2018/04/EnkronosApps_OnePager_1.3.pdf
PITCH DECK: https://ico.enkronos.com/wp-content/uploads/2018/06/icodeck-1.pdf
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Bounty0x username: walesodiya

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