The global tourism industry has grown steadily over the past decade. This can be measured by the number of overseas travelers worldwide. The travelers surpassed a billion for the first time in 2012, it increased by 19% to 1.25 billion in 2016.
The tourism industry is developing all over the world, and the increase in the number of overseas tourists is leading to consumption. As a result, each country enjoys economic ripple effects.Tax refund means when a tourist buys a VAT inclusive product during their travel period and returns to his or her home without using it, they can get a certain amount of VAT from their purchased products.
However, travelers are facing many inconveniences during their journey, especially tax-refund. Such as multiple stages of refund process, high rate operation fee deducted by intermediary company, long waiting time in the airport etc. More over, currency exchange and payment are also the pain points for us to solve。
EBCoin project will endeavor to help travelers enjoy a more comfortable journey.
What is EBCoin
EBCoin is an ERC20 token that is standardized on Ethereum blockchain and is compatible with any applications that uses the same standard. EBCoin is a solution for applying tax refund, foreign currency exchange, payment service on blockchain for potential travelers all around the world.
EBCoin is backed by KRP, a ten-year old established Korean based payment services provider specializing in tourism, travel and duty free industries. KRP now has over 6,000 online and offline merchants in South Korea, China, Japan and Southeast Asia. Clients include airlines, duty-free shops, department stores and hotels. EBCoin has an international Board of advisors, with deep domain experience in digital payments, financial technology services, tax refund, and monetary systems.
To make EBCoin’s tax refund, payment and currency exchange functions easier, we will create and distribute EBCoin wallet in the form of e-wallet. It will provide the wallet to SDK for Android and iPhone, which is easy to use likewise global shopping applications. If the user installs only an electronic wallet in the form of SDK, various services, such as remittance and electronic payment using EBCoin will be available.
1. Tax Refund
Tax refund means when a tourist buys a VAT inclusive product during their travel period, and returns to his or her home without using it, they can get a certain amount of VAT from their purchased products.Currently, 34 countries are operating the regime, tax refund and among them, 28 nations are belonging to the European Region. These include the United Kingdom, France and Italy, all of which are the top of rank of tourism competitiveness index.Our project is based on dApp and the targets are foreign tourists, duty free shops and customs.
2. Currency Exchange
Foreign tourists exchange their currency in local currency before or during travel. In this case, most of the money left will be kept at home, or they exchange to their local currency risking the loss of the exchange rate before departure.
We are trying to deal with difficulties of exchanging money in various countries with EBCoin. If customers want to exchange their own currency before departure, they can exchange the money at the KIOSK that is deployed at airports in each country.
Travelers could access kiosk through EBCoin App. Starting with EBCoin, other currencies, such as Bitcoin, Ethereum, USD, YEN and WON are also available to exchange and withdraw the money.
EBCoin will provide 750,000,000 EBC to the participants through token sales, 50% of the total supply of 1,500,000,000 EBC.
Pre-sale(15% of Bonus)
Pre-sale Start: December 7, 2017 (13:00 UTC + 8)
Pre-sale End: December 14, 2017 (13:00 UTC + 8)
Conversion Rate: 1 ETH = 3,450 EBC
Invest amount: 1 ETH ~ 100 ETH
ICO Start: January 9, 2018 (13:00 UTC + 8)
ICO End: January 30, 2018 (13:00 UTC + 8)
Conversion Rate: 1 ETH = 3,000 EBC
Invest amount: 1 ETH ~ 1,000 ETH
For more information, you can visit
EBCoin website: www.ebcoin.io
EBCoin Facebook :https://www.facebook.com/Ebcoin-127873754569277/
EBCoin Twitter : https://twitter.com/ebcoinICO