What is EscoinToken (ELG)?

EscoinToken (ELG) is a unique cryptocurrency project that brings together the legal sector and digital platforms. The project was born out of an international need: to connect law firms and clients more efficiently and transparently in a digital environment. Its goal is to remove cross-border barriers, provide all necessary infrastructure, and create a transparent and secure ecosystem in the legal field.

EscoinToken is supported by PraeLegal, a global legal network with over 5,000 lawyers across 252 trade centers in 142 countries. PraeGold is also a major investor and strategic partner of the project.

Team and Founders

EscoinToken is managed and developed by FinCras & InvCras Digital Services OÜ, which obtained its license and trademark registration in Estonia in 2018. The company operates under long-term and regular inspections.

The project’s leader and public face is Fahri Toga. The team includes experts from multiple countries and legal fields, working alongside experienced teams in software, marketing, and blockchain technologies.

Investors and Key Partners

Key investors and partners of the project include:

• PraeLegal: Global legal network providing experience and resources.

• PraeGold: Strategic partner and financial supporter.

• Leading marketing companies that enhance EscoinToken’s visibility.

These partnerships provide a strong legal and financial foundation for the project.

Project Idea and Operations

EscoinToken aims to:

• Match the right lawyer with the right company.

• Ensure legal documents are accessible quickly and securely.

• Remove intermediaries in international payments and reduce costs.

• Enable companies to conduct international business without office expenses, secretaries, or extra overhead.

• Build trust for users and make them active participants in the network.

• Utilize 252 offices as EscoinToken exchange offices (like banks).

• Provide a mobile app in development to maximize efficiency for lawyers and clients.

Governance

EscoinToken is regulated and audited according to Estonian law. Licenses include:

• FVR000244: Financial services license for exchanging fiat and cryptocurrencies (valid since 28.06.2018)

• FRK000202: Financial services license for cryptocurrency wallet services (valid since 28.06.2018)

All EscoinToken operations are legal and conducted under regulatory oversight.

Roadmap

1. 2021: Token pre-sale, app prototype development, Step-2 token sale, module additions.
2. 2022: Mobile prototype development, basic app launch, Escoin Exchange preparation, CoinGecko listing.
3. 2023: Video conference module, Escoin Wallet app, Asia market launch (Seoul, Tokyo).
4. 2024: Meetings with European banks, core app development, strategic partnerships, Step-2 token sale.
5. 2025: Integration with European bank payment systems, Step-3 token sale, inclusion in credit card systems, advanced modules (client and law firm modules).
6. 2026 (Q1-Q2): Launch of iOS, Android, and Windows Phone apps; expansion of sales activities in Europe and Asia.

Token Use Cases

EscoinToken can be used for:

• Fast and low-cost payments in international legal services.

• Acting as a transactional token on the lawyer-client matching platform.

• Facilitating transparent cooperation and trust between law firms and companies.

• Providing liquidity on Escoin Exchange and future platform integrations.

Token Details

EscoinToken (ELG) is an ERC-20 utility token on the Ethereum blockchain, forming the core of the Escoin platform.

• Total Supply: 225 million ELG

• Max Supply: 370 million ELG

• Circulating Supply: 157.13 million ELG

Token Distribution

• Public Sale: 40% / 100,000,000 ELG, with vesting applied

• Team: 30% / 75,000,000 ELG, 2-year linear vesting, 25% released every 6 months

• Reserve Fund: 15% / 37,500,000 ELG, 10% immediately, remaining 90% over 30 months (3% monthly)

• Marketing: 10% / 25,000,000 ELG, vesting details not disclosed

• Consultants: 4% / 10,000,000 ELG, minimum 3-month vesting

• Legal and Regulatory Expenses: 1% / 2,500,000 ELG, vesting details not disclosed

Total: 100% / 250,000,000 ELG

Ecosystem and Features

EscoinToken’s ecosystem stands out in six main ways:

• Experience: Guaranteed growth through the global network of PraeLegal.

• Uniqueness: Transparent, broker-free, and reliable business model.

• Licensed: Estonian licenses ensure long-term operational security.

• Own Exchange: Tradable across geographies and on the upcoming Escoin Exchange.

• Fee-Free: No intermediary bank fees for lawyers’ payments.

• Own Currency: EscoinToken value is expected to grow over time, benefiting holders.

EscoinToken combines blockchain technology with the legal sector, offering investors and users a transparent, secure, and innovative ecosystem.

Official Links

• Website
• Twitter
• Telegram

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