The EBCoin ecosystem will revolutionize the duty-free/tax refund market, estimated to generate $60 billion in value annually. EBCoin will be standardized as an ERC20 token on the Ethereum blockchain, complemented by a comprehensive e-wallet solution. Through the EBCoin platform, consumers will receive immediate refunds and utilize the proceeds as digital currency. With EBCoin, tax refunds will be transparent, enhancing efficiency for tax authorities. For retailers, EBCoin will significantly reduce the high costs associated with the inefficient systems currently in use. It will also help promote higher spending by tourists at participating duty-free retailers, allowing consumers to pay using their EBCoin wallets as an optional payment method.

Project Highlights

Swift and Convenient Tax Refund Process
No more need to hold onto tax refund forms or queue at airport tax refund counters; refunds can be processed directly through the EBC wallet.
100% Tax Refund
Eliminate unreasonable steps in the current tax refund process to refund shoppers 100% of the tax amount.
Quick and Convenient Foreign Currency Exchange
Refunds processed through tax refund machines set up in airports around the world can be converted directly into ones home currency.
Payment Anytime, Anywhere with the EBC Wallet
With an EBC wallet, convenient payments can be made anytime, anywhere during travels around the world.

Project Revenue Model

Tax refunds do not generate revenue; we focus on the tokens technology. Revenue will be generated through cryptocurrency payments, exchanges, and trading. Revenue will be used to invest in the technological development, infrastructure construction, and marketing of the EBC project. As the number of EBC users increases, demand will rise, and the market value of EBC will increase simultaneously. The EBC FOUNDATION will fund business development through ICOs and the sale of remaining holdings. If additional funds are needed, we can raise capital by charging a certain transaction fee on EBC transactions.
Our revenue does not come from tax refunds but is concentrated on token technology. Our primary revenue sources are payments, foreign currency exchange, and trading on exchanges. To make the EBC project more dynamic, we will invest funds in technological development, infrastructure investment, and marketing. As the utility of EBC increases, its market value will also increase. EBC will secure funding through ICO financing and selling company-held EBC to continue investing in the EBC project. If funds are needed to develop the project, we will charge an EBC transaction fee to traders as a source of funding.

Benefits for Merchants

For merchants, the settlement part of existing tax refund companies will be automated. Additionally, it can reduce consumer complaints about tax refund service fees. Merchants providing tax refund services to tourists will naturally adopt EBC if tourists frequently request the use of EBC for tax refunds. However, to rapidly expand the market at the start of the business, providing promotional support to merchants is essential.

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