Description
How It Works: ENRC Vendor Program The ENRC Vendor Program is designed to streamline payments and liquidity for vendors by integrating the ENRC token into everyday business operations. Here's how it works:- Liquidity Creation: The allocated token pool provides liquidity for ENRC, allowing it to be used as a reliable method of payment. Vendors benefit from a consistent flow of ENRC transactions while retaining the flexibility to convert tokens into Canadian Dollars ($CDN) as needed. This ensures that vendors always have access to liquidity when required.
- Accumulated Value: As ENRC is staked and actively used, its accumulated value grows over time, benefiting all participants in the ecosystem. This increases the overall worth of the token, providing long-term value for vendors who engage in the system.
- Prepaid Account Operations:
- Proceeds from Token Sales: Tokens are sold from the allocated pool, with proceeds converted into Canadian Dollars ($CDN) and deposited into the vendor’s prepaid account.
- Debiting for Transactions: The prepaid account is debited when goods or services are sold to Energy Chain or third parties paying with ENRC.
- Crediting for Payments: Vendors are credited with ENRC when the token is accepted as a payment method, creating a balanced ecosystem of token flow.
- Conversion Flexibility: Vendors enjoy full conversion flexibility, as prepaid account balances can be easily converted between ENRC and $CDN. Tokens can be sold, purchased, or utilized in transactions without any friction.
- Setup Fees and Earned Reflection Fees: A 1% fee is paid in advance to EnergyChain.ca, covering programming costs, blockchain gas fees, and promotional efforts. Additionally, 40% of each token sold is allocated to cover costs, with an extra 40% added to the prepaid vendor pool accounts, supported by automated smart contracts.
- Agreement Terms:
- Duration: The prepaid account agreement lasts for 5 years, after which the allocated ENRC tokens are either returned to Energy Chain or the vendor has received goods and services during the term of the agreement.
- Early Cancellation: Vendors can cancel the agreement at any time by returning the ENRC tokens, less any goods or services purchased by Energy Chain.
- Token Refill Requirement: If the account needs to be refilled, vendors can purchase tokens at market rates to complete or close the account.
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- Account Size: $100,000,000
ENRC
- 1% Fee: $1,000,000.00
- Additional Tokens: $40,000,000 ENRC
- Total ENRC Account: $140,000,000 ENRC
- Account Size: $100,000,000
ENRC
Benefits for Vendors
- Enhanced Liquidity: The prepaid accounts backed by ENRC ensure seamless transaction flows and consistent liquidity, reducing the volatility typically associated with cryptocurrencies.
- Simplified Payment Systems: Accept ENRC as a reliable payment method, with the confidence that its liquidity and stability will support your business needs.
- Flexibility and Control: Vendors can manage their prepaid accounts with complete flexibility, converting balances between ENRC and $CDN, and terminating agreements as required.
- Stake in the Future: By joining the program, vendors become part of the growing ENRC ecosystem, contributing to and benefiting from the currency's increasing value and utility over time.
Join the Energy Chain Vendor Program today and unlock new opportunities to expand your business, simplify payment processing, and grow alongside an innovative and dynamic ecosystem.
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