The Pre-Sale will start on 25th December’ 2017 (00:00 CET) and end on 28th February’ 2018 (23:59 CET) The main token sale will start on 1st March’ 2018 (00:00 CET) and will end on 30th April' 2018 (23:59 CET).
Yes - starting on the 25.12.2017, 10 Million ETL will be sold out through Pre-ICO which will end by 28th February’ 2018. If all 10 million tokens are not sold during the pre-sale, the remaining tokens will be sold out during the main token sale i.e. through ICO.
Price of Ethereal Coin starts from 5 cents and will close at $3. It is growing based on participation in Pre-ICO/ICO by the participants.
Ethereal is a decentralized cryptocurrency. This currency is like the Dollar, but it is only available in the digital world. The concept may sound like Bitcoin, and is actually not much different from bitcoin.
We will create up to 30 million ETL. However this depends on the actual subscription amount. Out of 30 Million ETL, 22 Million will be sold out through Pre-ICO/ICO and the rest 8 million ETL will come through decentralized mining.
We accept payment through BTC only.
Limit till availability of ETL in ICO
The tokens will be distributed immediately. Those tokens can be sent to a wallet which is ERC20-compatible once the ICO is over.
From a user perspective, Ethereal is nothing more than a mobile app or computer program that provides a personal Ethereal wallet and allows a user to send and receive Ethereal with them. This is how Ethereal works for most of the users.
Ethereal Send and receive payments anywhere in the World quickly. Quick block execution time ensure unparalleled speed to conventional remittance and payment systems.
The Ethereal network is secured against attacks. The POW/POS system provides the perfect way to secure the Ethereal network and keep it decentralized.
We use decentralized blockchain transaction technology, so no centralized third party to trust.Transactions are performed directly between the users.
Ethereal uses lower fees for faster transactions.
5.Advanced Blockchain Technology
Built on the most advanced blockchain technology that is scalable, secure and interoperates different networks.
Ethereal converts cash into digital currency, to anchor or tether the value to the price of national currencies like US dollar, Euro, and Yen.
Much of the trust in Ethereal comes from the fact that it requires no trust at all. Once the ICO phase is over,Ethereal would be fully open-source and decentralized. This means that anyone has access to the entire source code at any time.
Any developer in the world can therefore verify exactly how ETL works. All transactions and ETL issued into existence
can be transparently consulted in real- time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking.
Yes, You should never expect to get rich with Ethereal or any emerging technology. It is always important to be
wary of anything that sounds too good to be true or disobeys basic economic rules.
Ethereal is as virtual as the credit cards and online banking networks people use every day. Ethereal will be used
to pay online and in physical stores just like any other form of money. Ethereal will also be exchanged in physical
form such as the fiat currencies, but paying with a mobile phone usually remains more convenient. Ethereal balances
will be stored in a large distributed network, and they wont be fraudulently altered by anybody. In other words,
Ethereal users will have exclusive control over their funds and Ethereal wont be vanished just because they are virtual.
Ethereal is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money.However, Ethereal is not anonymous and cannot offer the same level of privacy as cash. The use of Ethereal leaves extensive public records.Various mechanisms exist to protect users' privacy, and more are in development. However, there is still work to be done before these features are used correctly by most Ethereal users.
When a user loses his wallet, it has the effect of removing money out of circulation. Lost Ethereal still remain
in the block chain just like any other bitcoins. However, lost Ethereal remain dormant forever because there is no way
for anybody to find the private key(s) that would allow them to be spent again. Because of the law of supply and demand,when fewer Ethereal are available, the ones that are left will be in higher demand and increase in value to compensate.
Ethereal is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used.There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Ethereal.
Ethereal have value because they are useful as a form of money. Ethereal has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Ethereal is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Ethereal , this can be measured by its growing base of users, merchants, and startups. As with all currency, Ethereal 's value comes only and directly from people willing to accept them as payment.
The price of a Ethereal is determined by supply and demand. When demand for Ethereal increases, the price increases, and when demand falls, the price falls. There is only a limited number of Ethereal in circulation and new Ethereal are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because Ethereal is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a Ethereal is still very volatile.
This white paper is for information purposes only. Nothing in this white paper shall be deemed to constitute a prospectus of any sort, or a solicitation for investment. While we make every effort to ensure all material in this white paper is accurate and up to date, such material in no way constitutes the provision of professional advice. The information in this document is the proprietary and exclusive property of Ethereal Inc. It is subject to change without notice. No part of this document, in whole or in part, may be reproduced, edited, or used for design purposes without Ethereal’s prior written permission.
If you are not sure about joining into the following Initial Coin Offering (ICO), please consult with professional advisers in the fields of legal, tax and financial.
The purpose of this White Paper is to present THE ETHEREAL and the ETL token to potential token holders in connection with the proposed ICO. The information set forth below may not be exhaustive and does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders in order for them to determine whether to undertake a thorough analysis of the company with the intent of acquiring ETL Tokens. Nothing in this White Paper shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.
This document is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction, which are designed to protect investors. The product token is not a digital currency, security, commodity, or any other kind of financial instrument and has not been registered under the Securities Act, the securities laws of any state of the United States or the securities laws of any other country, including the securities laws of any jurisdiction in which a potential token holder is a resident.
This English language White Paper is the primary official source of information about The Ethereal and ETL Tokens. The information contained herein may from time to time be translated into other languages or used in the course of written or verbal communications with existing and prospective customers, partners etc. In the course of such translation or communication some of the information contained herein may be lost, corrupted, or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and communications and this official English language White Paper, the provisions of this English language original document shall prevail.
No offer of securities
ETL tokens cannot be used for any purposes other than as provided in this White Paper, including but not limited to, any investment, speculative or other financial purposes. ETL Tokens confer no other rights in any form, including but not limited to any ownership, distribution (including, but not limited to, profit), redemption, liquidation, property (including all forms of intellectual property), or other financial or legal rights, other than those specifically set forth below. ETL tokens confer no rights in the company and do not represent participation in the company. ETL tokens are sold as a functional utility.
According to the professional opinion of our legal advisors, based on the Howey Test our THE ETHEREAL tokens (ETL) should not be deemed as securities and do not need to be registered as a securities. ETL tokens are not securities.
The user acknowledges, understands, and agrees that THE ETHEREAL tokens are not securities and are not registered with any government entity as a security, and shall not be considered as such. The User acknowledges, understands, and agrees that ownership of THE ETHEREAL ETL token does not grant the User the right to receive profits, income, or other payments or returns arising from the acquisition, holding, management or disposal of, the exercise of, the redemption of, or the expiry of, any right, interest, title or benefit in the THE ETHEREAL or THE ETHEREAL platform or any other THE ETHEREAL property, whole or in part. ETL tokens are not official or legally binding investments of any kind.
Risks and uncertainties
THE ETHEREAL platform is not yet developed and is subject to further changes, updates, and adjustments prior to its launch. Such changes may result in unexpected and unforeseen effects on its projected appeal to users, possibly due to the failure to meet users’ preconceived expectations based on this White Paper, and hence, impact its success. For the foregoing or any other reason, the development of the THE ETHEREAL platform and launch of THE ETHEREAL future business lines may not be completed and there is no assurance that it will be launched at all.
Additionally, in a down-cycle economic environment, THE ETHEREAL may experience the negative effects of a slowdown in trading and usage of the THE ETHEREAL platform and may delay or cancel altogether the structuring and launch of the anticipated THE ETHEREAL future business lines. Further, should the costs, financial or otherwise, of complying with any newly implemented regulations exceed a certain threshold, bearing in mind the fact that it is difficult to predict how or whether governments or regulatory authorities may implement any changes to laws and regulations affecting future business lines, maintaining the THE ETHEREAL platform and structuring and launching THE ETHEREAL future business lines may no longer be commercially viable, and the Company may opt to discontinue the development and operation of THE ETHEREAL platform.
We may not be able to pay any anticipated rewards in the future. There is no assurance that there will be sufficient engagement in the THE ETHEREAL platform and that you will receive any rewards/discounts. The ability of the Company to pay any reward to you will depend on the future results of operations and the future business and financial condition of the Company. In the case of unforeseen circumstances, the objectives stated in this document may be changed.
Despite the fact that we intend to reach all goals described in this document, all parties involved in the purchase of ETL tokens do so at their own risk. The funds raised in the ICO are exposed to risks of theft. The Company will make every effort to ensure that the funds will be securely held in blockchain wallets. Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, in the smart contract(s) on the Ethereum or any other blockchain, or market for the ETL tokens will develop, or if developed, will be sustained after the ETL Tokens have been made available for trading on such cryptocurrency exchange.
The Company is not responsible for, nor does it pursue, the circulation and trading of ETL
Tokens on the market. Trading of ETL tokens will merely depend on the consensus on its value between the relevant market participants.
No Cancellation and No Refund
All ETL token orders are deemed firm and final. The Client acknowledges that they are fully aware that they will not be entitled to claim any full or partial reimbursement under any circumstances whatsoever. As the sale of the proposed tokens is strictly reserved for experienced professional clientele, the Client may not claim any right of return against The Ethereal.
No guarantee on trading
The Company will use reasonable endeavours to seek the approval for availability of the ETL tokens for trading on a cryptocurrency exchange. Furthermore, even if such approval is granted by a cryptocurrency exchange, there is no assurance that an active or liquid trading market for the ETL tokens will develop, or if developed, will be sustained after the ETL Tokens have been made available for trading on such cryptocurrency exchange.
The Company is not responsible for, nor does it pursue, the circulation and trading of ETL Tokens on the market. Trading of ETL tokens will merely depend on the consensus on its value between the relevant market participants.
Note on forward-looking statements
All claims and statements made in this THE ETHEREAL white paper, THE ETHEREAL website, press releases made by THE ETHEREAL, also any oral statements made by THE ETHEREAL team members of agents acting on behalf of THE ETHEREAL that are not an accomplished fact may represent so called forward-looking statements.
Some of these forward-looking statements may be considered such by containing the following terms: “will”, “anticipate”, “plan”, “aim”, “target”, “expect”, ”estimate”, “ envision”, “intend”, “project”, “may”, “believe”, “if”, or any other such terms. Further, the terms listed above are not necessary to identify a forward-looking statement. All statements that include, but are not limited to any financial projections, estimates, plans or possible trends, risks, as well as future prospects of cryptocurrencies should be considered as forward-looking statements as well. These forward-looking statements are not yet accomplished facts and THE ETHEREAL does not take responsibility and cannot guarantee that the future results will correspond with above mentioned forward-looking statements.
These forward-looking statements are also provided as-is and THE ETHEREAL takes no responsibility for updating these forward-looking statements, should any information relevant to the pertaining forward-looking statements become available in the future.
No information contained in this white paper should be considered as a promise, representation of commitment or undertaking as to the future performance of the THE ETHEREAL platform, ETL token or any other component of the THE ETHEREAL ecosystem.
The Ethereal Documentation
Traditional Markets Vs. Cryptocurrencies
Since the turn of the 21st century, traditional markets are increasingly facing newer challenges. The overtly regulated and complicated nature of these markets is to be blamed for the growing unrest amongst investors across the globe. While these markets are non-flexible and archaic in their functioning, they have also been resistant to change and for a long time. The serious nature of the finance industry puts forth a strong resistance to any new and unproven tools and technologies of commerce and transaction. Traditional investment markets continue to give our marginal returns and gains despite the innumerable risks involved in them.
As a result, the stubbornness of the markets made it difficult for better, more efficient and dynamic systems to make space. Having said that, what is more disappointing is the fact that neither of these traditional systems take care of the consumers’ risks and gains, making them non-flexible and non-friendly.
Traditional markets are replete with middlemen and agencies adding to the cost of transaction. These corporations have been using the same operating principles for years. There are two reasons for this. On the one hand, the scale and scope of these operations means they are not easily changed. On the other hand, maintaining the same traditional business models is convenient for these players. Well-established financial corporations use their market dominance to ensure their expensive and ineffective operations continue unchallenged. And it’s usually their customers who pick up the tab.
Two major problems arise due to this lack of change:
• Firstly, important services become expensive for customers, for some user groups prohibitively so.
• Secondly, a limited number of players dominate because it is very complicated for any new business to enter the market and become an equal player in the ecosystem.
Combined, these two problems create a sort of lock-down in the sector. The offerings brought by the traditional finance and banking industry fail to serve the needs of a significant part of the population. However, new entrants who could meet these needs by challenging the status quo are unable to easily enter the market with new product offerings because the intermediaries involved are highly interlinked.
So where has this lock-down brought us to? An example that highlights the inefficiency and expense it causes is international bank wire transfers. Using ordinary banking systems this kind of procedure is slow and complicated. What’s more, the cost can easily exceed 10% of the amount being transferred, especially with small sums.
It’s a service that brings few, if any, benefits and a lot frustration. But for many customers, this is the only option available. But an alternative is possible.
With cryptocurrencies and other blockchain based products the story is completely different.
Critically important is the fact that there are usually no middlemen between the two parties making the transaction, just the blockchain itself. This fact brings two major benefits:
• It takes seconds to perform the transaction, and this time is not affected by how far apart the parties are.
• The cost of the transaction is reduced to just a fraction of a percent of the amount being transferred.
What is so special about cryptocurrencies?
Cryptocurrency is exciting and unique due to the technology behind it and the liberating idea of being free from governmental control. But before you decide to jump into investing or trading Cryptocurrency, there are few more things you have to understand about its nature:
Cryptocurrency Is Global
Cryptocurrency isn’t a fiat currency, hence its price isn’t directly related to the economy or policies of a single country. Cryptocurrency has a rough history of ups and downs, many of them related to worldwide events.
For instance, the sudden price rise in 2013 was linked to the Cyprus’ economic crisis. Freezing citizens’ funds caused a huge disruption and an increased interest in locating money elsewhere than a traditional bank. Cryptocurrency and Cryptocurrency were one one of the ways to reinvest the money and avoid further loss. Which eventually led to a Cryptocurrency bubble.
Nonetheless, there isn’t a singular government or an individual who dictates the currency rate.
Cryptocurrency Trades 24/7
There is no official Cryptocurrency exchange, hence there is no official Cryptocurrency price. Unlike stock markets, which have limited opening hours throughout a day or shut down for weekends, Cryptocurrency exchanges operate around the clock.
Most of the exchanges stay within the same price range, but there are occasional arbitrage opportunities. On the other hand, Cryptocurrency will never disappoint when it comes to delivering exhilarating shivers down your spine. If you want to, you can spend an all day long tracking different exchanges and trading.
Cryptocurrency Is Volatile
Cryptocurrency is well-known for its rapid and frequent price movements, sometimes even throughout a day. For buyers and investors, it’s one of the major drawbacks. But for traders, it’s yet another exciting opportunity to gather quick profits.
Investing vs Trading Cryptocurrency
There is a major distinction between investing and trading Cryptocurrency – just like in reality – investing money differs a lot from trading them on a stock exchange.
However, I would like to add another ingredient to the equation – buying Cryptocurrencys.
Buying Cryptocurrency can be extremely simple – depending on various wallets and exchanges – but it’s nothing like buying a foreign currency when you travel abroad. Though, it doesn’t require much expertise. All one has to do is find a right wallet, exchange and pay for some cryptocoins.
Therefore, buying Cryptocurrencys is popular among people who either want to just try it out and invest a little or those who simply want to see what’s the fuss about.
Investing, on the other hand, is a long-term undertaking. Featuring a portfolio of different cryptocurrencies, fiat risk hedging and business objectives. In most cases, Cryptocurrency investors are indifferent to price volatility and unlikely to give up on the investment easily.
By contrast, Cryptocurrency trading is more of a short-term endeavour. Getting on the market, staying in trade for a maximum of few months and moving on as soon as the price reaches its peak. Hence, Cryptocurrency traders are known to be price-sensitive and abandoning the market when it becomes unprofitable.
The Trading Risks
While there are risks involved in both investment and trading, the latter is much more vulnerable to the dynamic spirit of Cryptocurrency.
Investors can wait through the crash and have the resources to prolong the bad strike. Traders, however, are often compared to professional gamblers – they have to act quickly and know when is the right time to leave the game.
Meet The Ethereal
Ethereal is a decentralized cryptocurrency. This currency is like the dollar but it is only available in the digital world. The concept may sound like bitcoin, and is actually not much different from bitcoin.
Ethereal is a decentralized cryptocurrency. This currency is like the Dollar, but it is only available in the digital world. The concept may sound like Bitcoin, and is actually not much different from bitcoin. Ethereal is an unique blockchain platform designed to increase network security and improves the limitations and functionality of initial cryptocurrencies such as Bitcoin.
Ethereal is an open source, peer-to- peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency.
TOKEN NAME- ETHEREAL
TOKEN SYMBOL- ETL
TOKEN PRICE- Fixed to $ 0.05 – $ 3.000
PRE-ICO START DATE- December 25, 2017 (00:00 CET) 33.33% (10 Million)
PRE-ICO END DATE- February 28, 2018 (23:59 CET)
ICO START DATE- March 01, 2018 (00:00 CET) 33.33% (10 Million)
ICO END DATE- April 30, 2018 (23:59 CET)
TOKEN AMOUNT- Upto 20,000,000 ETL
MAXIMUM TOKEN BEING DISTRIBUTED- VIA ICO 100% (no further tokens will be generated)
MINIMUM TOKEN PURCHASE- Worth $ 100
MAXIMUM TOKEN PURCHASE- No Limit
What is ERC 20?
The Ethereum token standard (ERC20) is used for Ethereum smart contracts. Developed in 2015, ERC20 defines a common list of rules that an Ethereum token has to implement. Giving developers the ability to program how new tokens will function within the Ethereum ecosystem. This token protocol became popular with crowdfunding companies via initial coin offering (ICO).
As of January 2018, there were more than 21,000 ERC20 token contracts. Among the most successful ERC20 token sales are EOS, Sirin Labs, Bancor, Quash, and BANKEX raising over $70 million each. Mercury Protocol's Global Messaging Token is an example of an application based on ERC20 tokens. ERC stands for Ethereum Request for Comments.
An ERC20 Token is a type of digital asset, a representation of value. This token is issued on an Ethereum network where they represent a financial value or a digital asset. This token sticks to a specific standard. The Token in an Etherum network can represent tangible tradable tools such as gold certificates, loyal points, money, IOUs etc. They are also used to pay for transactions that take place on the Ethereum.
ERC20 is typically a token representing a digital asset that has various values attached to it. Prior to the existence of ERC20, the functionality of the token system of currency was difficult to predict. With the aim to eliminate this complicity, developers invented the ERC20 to predict how tokens will function within a larger Etherum network. This standardization promotes the issuance, distribution, and control of assets in a formalized and standardized fashion.
ERC20 is not a code, technology or software. It is a tactical precision. It is a protocol that defines a set of commands on how a token should be functioning. The ERC20 protocol harbors basic functions that any token should carry out to enable the transaction.
ERC20 makes the assets to be interchanged easier and ensure they work with Dapps holding on to the same standard. The ERCC20 token makes it feasible for all tokens that are compatible to be relatively supported by advancement in projects and services.
The invention of this form of token enables the tokenization of other features. One of these features is the voting right. This voting right confers the investors with the franchise to contribute, make suggestions to how future project tokens are going to pan out.
ERC20 token holders are able to keep track of their assets. These assets can be used across many platforms. This novel token improves the versatility of tokens in performing transactions.
The Ethereal Timeline
Website and White Paper launch and pre-ICO Start
Launch of mobile app/PC App and ICO Start
Own Crypto exchange
Listing on well-known international exchanges and start of trading
All trading analysis and website updation
Events and international promotions
E-commerce and start decentralised minning
Decentralised minning of The Ethereal
The Ethereal will have a total of 30 million coins sold in three stages across the next couple of years. The first 66.67% i.e 20 million will be sold in the pre-ICO/ICO phase.
The next lot of 6.66% i.e. 2 million coins will be distributed as a bonus in the second phase. The remainder of 26.67% i.e. 8 million will be sold through decentralised mining in the final phase of sale.
What makes The Ethereal different than other cryptocurrencies?
The Ethereal is a path-breaking cryptocurrencies that does everything regular cryptocurrencies do and does more. Conceptualised and developed in 2017, The Ethereal is one of the most modern and technologically advanced cryptocurrencies in the world. The following strengths of The Ethereal make it a better cryptocurrency than most others currently available in the market:
The Ethereal enables you to send and receive payments from anywhere in the world with the unbreakable ERC 20 security. The ethereal network is secured against attacks. The POW/POS system provides the perfect way to secure your money from all possible threats.
Secure decentralised ERC 20 transactions eliminates the need to depend on a third party to trust and the transactions are performed directly between the users. This keeps the transactions anonymous and secure.
Ethereal uses lower fees for faster and efficient transactions which brings spontaneity and advanced technology that is scalable, secure and interprets different networks efficiently.
Stability is one of the major strengths of Ethereal. It converts cash into digital currency to anchor or tether the value to the price of national currencies like the USD, Euro and Yen
Main Utility for The Ethereal
The Ethereal basically functions like any other cryptocurrency that can be used for all sorts of transfer and payments. But most importantly, The Ethereal will be used for:
E-commerce: In the future, The Ethereal will be used for online shopping and e-commerce across various websites and portals. On every transaction completed on The Ethereal platform, one can earn points. The points earned on transactions can be used in exchange of goods.
Online gaming: In the future, The Ethereal will prove to be a convenient and easy option for online gaming payments. The Ethereal will be used to buy subscription of android and IOS games, lives and coins and other such credits online.
Celebrity events and Concert passes: At the end of the ICO Phase 3, The Ethereal will be used to buy passes for theatre, music concerts, movie premiers, comedy shows and other such events. The Ethereal will organise and sponsor Ethereal only events and exclusive events for the owners of the cryptocurrency.