ERT Ethearnal - Autonomous Decentralization Freelancing
Ethearnal is a freelance peer-to-peer (P2P) system, where bosses and freelancers meet, enter into smart, untrustworthy contracts with reputation and money in escrow, and utilize a decentralized moderator system if necessary. We collide with our reputation and economic initiatives together by linking reputation and value. All parties, including moderators, have strong initiatives and are aligned to act honestly, because everyone has a valuable value and something to achieve if the desired achievement is achieved.
Ethearnal is a Decentralized Autonomous Freelancing Platform. We collide with our reputation and economic initiatives together by linking reputation and value. Its the first ICO 2.0 and a project that aims to be the best freelance site in the world. We do not offer token bonuses, as they are supported by economic models. This is a high liquidity benchmark with the real market, the share of profits and the company's reputation on the platform, which you can use to earn ETH.
Is this?
The token holders still control the team's expenses!
Only 10% of the funds collected are released to us upon completion of the ICO. The other 90% and founder tokens remain locked in smart contracts. We are constantly updating our development, when we need more funds, we start the voting process.
Each token holder can choose proportionally with his or her token by sending a simple transaction to a smart contract, if we should get another round of funding. If the vote is 51% no, we get nothing and continue to work until the token holder is satisfied to vote yes when we start the voting process. Our smart contract is public and everyone with the skills can verify the above.
Is this?
Each token holder can start the refund process!
At any time, anyone who holds at least 1 ERT token can perform the refund voting process by submitting a transaction to our smart contract.
If 65% of tokens choose a refund all remaining funds will be refunded proportionally. So, at any time, we only have 10% of the funds and if we stop fulfilling our promise, you can return the rest of your investment. Everything we do is open source and easy to monitor. We already have a minimum viable product developed with our own funds.
If 65% of tokens choose a refund all remaining funds will be refunded proportionally. So, at any time, we only have 10% of the funds and if we stop fulfilling our promise, you can return the rest of your investment. Everything we do is open source and easy to monitor. We already have a minimum viable product developed with our own funds.
Is this?
Close the clock ICO dynamically.
In our first hour of ICO, smart contracts receive a maximum of 1 ether per person. Any transaction above 1 ether will not be accepted. The second clock of the cap is raised to 2 ether and so on every hour until the end of ICO.
This makes it inefficient to have a large gas cost to make your transactions go ahead and exit place smaller participants. And if for some reason your transaction does not work, you have a new opportunity every hour! That way, the whales must compete with thousands of regular attendees every hour, leveling the playing field as much as possible (not bulletproof though), without an invasive and bureaucratic inboarding process.
Utilitas token
Freelancers need ERT to get more work.
Freelancers are sorted by reputation by default. The more reputation you have, the more likely to get more work, the more money in your pocket.
Also they need to meet the minimum ERT employer requirements at stake in order to make smart contract with them.
You need them to get as a moderator.
The moderator must file a token to resolve the dispute. Each moderator can multiply the benchmark for each successful dispute. People who want to work as moderators will buy tokens to start their careers.
You get an ether just to hold them!
When the contract is finished through a dispute, no new reputation is purchased. What is at stake by all participants is redistributed in an intelligent manner using the theory of game theory.
In this case, 1% deducted from the contract value is distributed among all token holders proportionally in ether directly! You get an ether just to hold the token.
Token must have value for the whole system to work. That is why it is fair to appreciate those who help support that value.
Entrepreneurs need a token to stake while hiring.
Because employers must have the same number of reputation tokens as freelancers, every company needs them to hire prominent people.
The ERT system buys in the free market!
When a contract is completed without the need for arbitration, the system uses 1% of the eligible contract to buy ERT tokens in the free market to award individual employees and employees with 0.5% each. In that way, they receive a reputation comparable to the value of the contract, creating requests for tokens and indirectly benefitting the token holders by valuing their value.
Token
Use of funds
Hard Cap is 30,000 ETH
Soft caps are decided by the participants, because they can make the process of return if they think the funds are insufficient.
1 Ether gives you 1000 ERT. Or the price per 1 ERT is 0.001 Ether
1000 ERC-20 ERT tokens are generated for every 1 Ether sent. Total token supply depends on it.
ICO began on 28 February and ended on 31 March.
Fund Distribution
Product development
Law, Administration
Product marketing
Maximum possible token supply 40.000.000ERT
Quorum required to start polling process 51%
Votes needed to free up the next round of funding 51%
% of funds will be released after voting 10%
The voice needed to get the funds collected
Token Distribution
General Sales%
Bounties%
Founder%
Roadmap
Mar 2017 - Fiddling with Ideas
May 2017 - Researching Game Theory.
Jun 2017 - Economic Initiative Research.
Jul 2017 - Layout concept.
August 2017 - Plan a proper Minimum Product function (MVP).
Sep 2017 - Started Concept Concept (PoC) technology development.
October 2017 - Initiate Development of P2P Protocol with Kademlia DHT style.
Nov 2017 - Start Web Browser UI development (p2p node client).
December 2017 - Release of Alpha MVP PoC
Feb 2018 - Initial Ethearnal Coin Offer (ERT ICO).
Team
We have an international team and slack is our office. Decentralize everything!
STANISLAV UZUNCHEV
Co-Founder, Marketing
Co-Founder, Marketing
VLADIMIR VLADIMIROV
Co-Founder, Marketing
Co-Founder, Marketing
DOBRI STOILOV
Senior Back-end Developer
Senior Back-end Developer
ROMAN STORM
Smart Contracts Developer
Smart Contracts Developer
Visit link
WHITEPAPER :https://ethearnal.com/ethearnal-whitepaper.pdf
Author by: thomas_sugiarto
https://bitcointalk.org/index.php?action=profile;u=1350842
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