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EscoinToken facilitates global legal cooperation by connecting clients with lawyers through a vast international network. Backed by PraeLegal and licensed in Estonia, it aims to eliminate cross-border payment barriers and reduce consultancy costs. The project plans to burn most of its 250 million total supply, leaving 80 million units for circulation.
EscoinToken (ELG) is a distinctive initiative within its sector, likely to remain unique for an extended period due to backing from PraeLegal. This partner grants clients access to worldwide legal assets via a network of 252 established offices across trade hubs in 142 countries, featuring over 5,000 lawyers globally. PraeGold serves as a key investor and collaborator.
The token emerged from an international necessity to connect lawyers and clients more efficiently. Its goal is to facilitate digital cooperation between law firms and clients by removing national borders and supplying necessary infrastructure, thereby expanding the network for a clearer and healthier business model.
Key objectives include:
FinCras&InvCras Digital Services OÜ owns the Escoin brand, having secured license and trademark registration from Estonia in 2018. The company’s license was obtained permanently, subject to long-term and various periodic inspections.
All EscoinTokens issued into circulation are monitored and supervised in compliance with Estonian laws, ensuring all processing is legal.
The ecosystem operates in 6 steps. EsCoin stands out from other ICO projects because no other example worldwide combines the legal sector with firms in this way.
A-Experience: Growth is guaranteed through the experience of PraeLegal, one of the largest legal networks in the world. With PraeLegal's support, the work area will expand rapidly in many countries.
B-Unique: Although similar formations exist, none are as transparent or lucrative. There are no brokers, but there is diversity, confidence, and the quickest solution.
C-Licensed: Before the ICO began collecting funds, EsCoin company acquired crypto money, wallet, and exchange licenses from Estonia. This acts as proof of Escoin's continuity.
D-Own Stock Exchange: Escoin can be traded in many geographies and on many stock exchanges. Additionally, its own Escoin Exchange platform will be built to add value to the money.
E-Post-Free: There will never be any money transfer costs for lawyers. This solves a major problem for international law firms, where bank transfer costs reach up to 25%.
F-Own Money: Due to the project's continuity and uniqueness, Escoin plans to produce its own crypto money. The team says it will appreciate in value over time, so Escoins held by users will gain profit.
In January 2019, a total supply of 250 million units was created. The plan is to incinerate 170 million of these tokens, with 10 million already burned on 15/07/2021. Announcements regarding future burn dates will be made 15 days in advance. The remaining 80 million units are allocated for circulation across areas such as Advertisement & Marketing, Partners & Consultants, Software, and Staff. Currently, 35,352,392.58 ELG have entered circulation. These circulating tokens are managed under supervision in compliance with Estonian laws, ensuring all operations remain legal.
You can purchase Escoin Token (ELG) on MEXC, Toobit, Dex-Trade, EscoinExchange, Bankcex, XT.COM, as well as numerous other exchanges and swap platforms.