Erpcoin.io is the online home of Erpblock and Erpcoin. Find out how it works today in our review.
What Is ERPCOIN?
Erpcoin is a decentralized digital currency with a limited supply. The goal of Erpcoin is to fund the Erpblock project and mediate transactions in the Erpblock network.
Erpcoin, like most other digital currencies today, is based on the blockchain. The blockchain is used to provide trust consensus and decentralized distribution.
Erpblock, meanwhile, is described as “a platform that includes a suite of applications for enterprise management technology solutions and resources connected on a cloud computing platform.” Businesses can choose a “BLOCK” suitable for their unique needs. Each “BLOCK” includes smart contracts that help the business conduct transactions and connect and share resources globally.
Right away, we see a number of unusual things with the Erpcoin project. The website is a mess of vague information about the company, and the company’s solutions seem to offer vague solutions to general business problems. There also isn’t an existing, publicly-available Erpcoin platform – despite the fact that the company is launching an ICO on February 20, 2018. It’s unclear if Erpcoin is just a bad English translation (the company is based in Southeast Asia) or if it’s a misleading ICO scam.
Let’s take a closer look at how Erpblock and Erpcoin plan to disrupt the global business industry.
How ERPBlock e-Commerce Business Blockchain Works
Here’s how the official website describes Erpblock. Read this and tell me if you can understand what it means:
“ERPBLOCK apply Blockchain technology into connecting enterprises together, in which each enterprise serves as a Node in a peer-to-peer network. Via the platform of smart contracts, businesses can exchange, search information, conduct transactions, connect and share resources globally.”
What does any of that mean? Why would businesses benefit from that system? I’m not sure.
The website is filled with similar paragraphs. There’s vague information about the problems that Erpblock seeks to solve, but no specific technical information about each solution.
Other vaguely mentions features include a point of sale (POS) system for “retail, warehouse, finance”, a web service that offers “design, domain, cloud server”, and a chatbot for “AI, automation marketing.”
The official Erpcoin.io website mentions all of the following features:
- Web service, including web design, domain hosting, and cloud server hosting
- Point of sale (POS) services for retail, warehouse, and financial businesses
- Chatbots for AI and automation marketing
- Customer relationship management for email, SMS, and call center services
- Human resources management for recruitment, meetings, and educational materials
- Social features for “connect, report, optimal”
- Fulfilment services for the supply chain, shipping, and inventory industry
Overall, as with other aspects of the Erpcoin project, it’s hard to understand what Erpblock is offering here. The website mentions all of the above features. The features above broadly span virtually every industry.
ERPCOIN ERP ICO Details
Erpcoin does not appear to have any platform available to the public, nor does it provide any proof that it’s actively developing a platform. Despite the lack of evidence, the company has scheduled a token sale for February 20 to March 22, 2018.
The company is releasing 105 million Erpcoin tokens (ERP). 28% of the tokens are reserved for the token sale, 35% for miners, 5% for a sales bonus, 15% for founders and advisors, and 17% for R&D and media.
The pre-ICO for ERP is scheduled for February 20 to March 2, 2018, with a main ICO for March 3 to March 22, 2018. 5% to 10% bonuses are available throughout the pre-sale and ICO.
The company is advertising its ICO as a “large profit” investment opportunity with “low investment, multiple rewards.” The company sees potential because it has a “large market capacity [and] many opportunities”.
Who’s Behind ERPCOIN?
Erpcoin lists Ba Khang Nguyen and Khamnoi Soukkhavong as its two co-founders. Nguyen is described as “an expert in the field of solution consulting”, while Soukkhavong is described as “a leading e-commerce expert with more than 10 years of experience in building ecosystems.”
The company lists five different addresses on its official website. The ERP token issuer is named as “BizNet Software Pte Ltd”, a Singapore-based company. The other Erpcoin addresses are in Las Vegas, Laos, Vietnam, and China.
The listed addresses appear to be mostly virtual addresses: Erpcoin doesn’t appear to have a physical headquarters at any of the listed addresses.
Erpcoin claims to have launched in 2015, with a version of their project called “MiniERP” launching in March 2016.
ERPBlock ERP might be a legitimate project. However, the English translation of the website features very little useful information about the project and its goals. The website vaguely mentions enormous business problems that the platform will solve – like global supply chain and recruitment problems. However, the website doesn’t go into further detail about any Erpcoin solutions.
Despite the lack of an available product, Erpcoin is hosting an ICO from February 20 to March 22, 2018.
To learn more about Erpblock and its Erpcoin project, visit online at Erpcoin.io.