Ethearnal (ICO). THE FREELANCE PEER TO PEER SYSTEM UNDER BLOCKCHAIN

in token •  7 years ago  (edited)

https://ethearnal.com/

Etthearnal is peer-to-peer (P2P) is an autonomous system, in which employers and self-employed workers meet, enter into intelligent and unreliable contracts with reputation and money in custody, and take advantage of a decentralized system of moderators, if necessary. We clash reputation and economic initiatives in a single one by symbolic reputation and give it value. Therefore, all parties, including moderators, should have strong and aligned initiatives to act honestly, as everyone has something of value at stake, as well as something for if the desired outcome is achieved.

What is the utility of the ERT Token?

It depends on what role you have in the network.
For the freelancer, the more Ethearnal Reputational Tokens he has, the more contracts he is likely to land. Hence, more money in his pocket. Also, he needs them to be able to enter into smart contracts with employers since he needs to stake some of them.
For the employer, he needs them to be able to hire people since he needs to stake the same amount the freelancer does.
For the moderator, he needs them to be able to moderate, since he stakes proportionally as well. By moderating, he earns more tokens, which he can sell if he chooses so. So, he needs them in order to make money via moderation.
For the token holder, other than the expected appreciation due to the few demand vectors we’ve implemented, they effectively give them revenue share of all system profit proportional to their tokens. He can also use them to vote if we should get more money released from the smart ICO contracts or claim a refund.

So how do you do all the work?

Freelancers can create listings presenting their services and press them using a web client. In elbackend, we use IPFS (interplanetary file) to maintain and distribute your listings on a peer-to-peer basis.
No servers are needed.
You don't have to keep your web client online; offers only live in the cloud.
Once they find each other, they go into one.
Intelligent contract where the employer has the value of the contract locked in based on intelligent contract deposit on security.
Pre-agreed amount of the reputation chips are at stake on each side. Each listing has a predefined amount of reputational samples that need to be parked in order to enter into intelligent contracts in accordance with. Listing games of creators that value. Both parties have to have the same amount. He taking into account the needs of the list accept that condition and invest the required amount of reputation chips.
Pre-defined time period over which if none of the following results have been met, everything is released back. That's just a safeguard to prevent funds from being indefinitely locked.

ETHEARNAL REPUTATION TOKENS (ERT) CAN BE WON IN TWO WAYS:

Direct purchase in the free market.
That way, anyone can start immediately and avoid the problem of egg and chicken hen from new self-employed people who need reputation to get contracts, but need contracts for
get a reputation.
Assume work on the network and be rewarded for reputation awards satisfactory completion.
In both cases, participants have invested valuable resources (e. g. time or money)
to earn that reputation, so it is valuable to them, and therefore, they have initiative to maintain it.
Even if they don't appreciate their time, the reputation card has a monetary value in the free market.
The creator of the listing, whether it's a concert or a job offer, decides how much reputation share to sign a smart contract. So, he has the freedom to decide based on the overall value of the contract and his personal risk assessment.

ICO 2.0.

Have you ever wondered why you should trust the creators of the ICO to manage your funds fairly and really keep their promises, when the idea of crypto is to be unreliable?
As we now have the technology to replace TRUST with self-financing.
smart contracts, why do we keep doing things the old-fashioned way, based on promises?
We propose a way in which you, the INVESTOR, can control how and IF we spend the money. We assure you that at any time you advance 10% of your investment.
Each card holder may initiate a voting process to complete the project and obtain proportional refunds on the remaining funds. THAT' S HOW IT WORKS:
When the ICO is completed, the intelligent contract automatically distributes the cards. to you, and 10% of the funds raised to us. We use that money to start working. We regularly inform you about the progress of the project via email, Reddit, Twitter, Slack and Telegram. You can follow closely the development in Github
When we run out of the initial money, we send 0 ETH transactions with additional data to the smart contract, requesting to start a voting process. It goes on for a week.
In all social media channels, we explain and SHOW what we've delivered so far and what we're going to use the next 10% increase in funding for.
Based on that, you decide whether you want to vote in favor of providing us with the next 10%. increase in funding or not. Do this by sending the 0 ETH transaction to the smart contract with additional information indicating whether you vote YES or NO to the contract. This will cost the gasoline fee.

Dynamic hourly ICO cap.

During the first hour of our ICO, the smart contract accepts maximum of 1 ether per person. Every transaction above 1 ether will not be accepted. The second hour that cap is increased to 2 ether and so on every hour until the end of the ICO.

This makes it inefficient to have a huge gas fee to make your transaction go first and out place the smaller participants. And if for some reason your transaction didn’t get through you have a new chance every hour! That way, a whale must compete with thousands of regular participants every hour, leveling the playing field as much as possible (not bulletproof though), without an invasive and bureaucratic onboarding process.

What is the ERT token for?

For the freelance, the more Reputational Fiches Ethearnal has, the more contracts he will have. So, more money in your pocket. For the employer, he needs to be able to hire people, since he needs to bet the same amount as the self-employed, for the moderator, he needs to be able to moderate, as he also plays proportionally. By moderating, you earn more chips, which you can sell if you wish. For the card holder, in addition to the expected appreciation due to the few vectors of demand that we have implemented, they effectively give them a share of the income of the whole system in proportion to their cards. You can also use them to vote if we should get more money from the ICO's smart contracts or claim a refund.

Who will buy token?

Self-employed workers
Employers
People who want to earn additional income through moderation
People who believe in our solution and believe that the witness will appreciate it because of its real utility
People who would like to get a percentage of the profits from this project that has the potential to disrupt a $1T+ industry.
Pure speculators looking to make a quick ip. That's inevitable.
What are the taxes to buy/sell ERT chips?
Once a work has been successfully completed (without the need for arbitration) 1% of the contract value is deducted. However, this is used to buy ERT chips in the free market, which are then split between the two parties. Thus, self-employed workers and employers recover 0.5% on ERT cards. This means that the effective fee for the freelance is 0.5%, and the employer recovers 0.5% on tokens, which is a slight initiative to use this system against others. This may or may not bring more work for the freelancer, and therefore offset the already small fee.
When arbitration is necessary, 1% is deducted before releasing the money to the winning party. This is shared among the holders of ether tokens directly. However, the winner of the dispute gets the reputation samples of the minority mods who voted against it. This may or may not offset the 1% commission. and that goes back to the system to support the right initiatives.
However, we, as founders, have won 25% of the chips. 5% of them will go to rewards and prizes for the freelancers of the system. The remaining 20% that we stay and benefit from, like any other.
another chip-carrier. This aligns our economic initiative with the success of the project.

The reputation of Tokenized!

We are confronted with the image and economic creativity of the same person, symbolizing and valuing trust. Your notoriety is worth a lot of money, you can buy, sell or transfer it. You bet on it when you sign a contract. The higher your reputation, the more visible you'll be within the network and access larger projects. It is up to the creator of the offer to define how much confidence he or she wants to have at stake, but it is foreseeable that larger undertakings will need a better reputation. The good image is called Ethearnal Reputation Token or ERT and that is what we are selling in our ICO

Token

Distribution and Hard Cap.
THE PRICE OF 1 ERT IS 0.001 ETH. That means that 1 ether gives you 1000 ERT tokens.
HARD CAP IS $30M WORTH OF ETHER.
It will be set in ether using the price at the time of the deployment of the ICO 2.0 smart contract.
75% of the tokens will be sold during the pre-sale and ICO.
20% of the tokens will be kept for the founders.
5% will be kept for bounties

Mercado:

Writing and translation $109 million
Designs and Multimedia $ 83 million
Financial and Legal $33 Million
Technological trades $486 Million
Support Administration $110 million
Mobile $71 million
Sales and Marketing $49 million

Route Map

Mar 2017 - Playing with the Idea
May 2017 - Research in Game Theory.
Jun 2017 - Research on Economic Initiatives.
Jul 2017 - Concept design.
Aug 2017 - Planning of Minimum Viable Product (MVP) functionality.
Sep 2017 - Beginning the development of Proof of Concept (PoC) stack technology.
Oct 2017 - Beginning of the development of the P2P protocol with Kademlia style DHT.
Nov 2017 - Start development of the web browser user interface (p2p node client).
Dec 2017 - Alpha release of MVP PoC
Feb 2018 - Initial Offer of Ethearnal Currency (ERT ICO)
Feb/March 2018 - Integrating Ethereum smart contracts as a DAO platform for freelancers and companies.
Mar 2018 - Integrate IPFS to add another layer of persistence and data availability.
Apr/May 2018 - Develop a decentralized system for record keeping and moderation.
May 2018 - Start creating strong open source community contributions.
Jun 2018 - Launch of the production and software network.
Q3-Q4 2018 - Iterate on continuous integration of new features and bug fixes.
Q3 2018 - Initiate mobile platform development.
P4 2018 - Launch of the iOS and Android application.

Equipment.

STANISLAV UZUNCHEV- Co-founder, Marketing
VLADIMIMIROV - Co-founder, Marketing
DOBRI STOILOV - Senior Back-end Developer
ROMAN STORM - Intelligent contract developer
ANDRIY KHROBAK - Senior Front-end Developer
ANDRIY VASYLYTSYA - Front-end Developer
VLADISLAV KUZNETSOV - Full-Stack software developer
QUANTOX TECHNOLOGY - Strategic Partner
RAMI SPASOV - PR
MICHAEL EDWARD NAFTALIEV - PR, Manager DMF
RADIMIRA YORDANOVA - Creative Designer

Links

Equipment.
STANISLAV UZUNCHEV- Co-founder, Marketing
VLADIMIMIROV - Co-founder, Marketing
DOBRI STOILOV - Senior Back-end Developer
ROMAN STORM - Intelligent contract developer
ANDRIY KHROBAK - Senior Front-end Developer
ANDRIY VASYLYTSYA - Front-end Developer
VLADISLAV KUZNETSOV - Full-Stack software developer
QUANTOX TECHNOLOGY - Strategic Partner
RAMI SPASOV - PR
MICHAEL EDWARD NAFTALIEV - PR, Manager DMF
RADIMIRA YORDANOVA - Creative Designer

Links

Website https://ethearnal.com/
Medium https://medium.com/@Ethearnal_com/
Reddit https://github.com/ethearnal/
YouTube https://www.youtube.com/channel/UC6DOpVCWsEXP8Scd6os7BdA
Twitter https://twitter.com/ethearnal_com
Facebook https://www.facebook.com/ethearnal/
Slack https://slack.ethearnal.com/
Telegram https://t.me/ethearnal
By Bitcointalk user: v17753150
Profile: https://bitcointalk.org/index.php?action=profile;u=1836271

Myetherwallet: 0xd9613A75671E43D8bDd0aE885979F77C3861889f

By v17753150

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