The idea of Ethearnal 🔥Autonomous Decentralized Freelancing🚀
I would like to bring to your attention one very exciting and effective project that you should familiarize yourself with. You will not regret!
What is Ethearnal?
Ethearnal is peer-to-peer (P2P) freelance system, in which employers
and freelancers meet, enter into trustless smart contracts
with reputation and money in escrow, and take advantage
of a decentralized system of moderators, if needed. We collide
reputation and economic initiatives into one by tokenizing reputation
and giving it value. Thus, all parties, moderators included,
have strong and aligned initiatives to act honestly, since everyone
has something of value at stake, as well as something to
gain if the desired outcome is achieved.
Usually employers will search for casual workers easily on the internet using the reputation of casual workers as a benchmark, it is done because the reputation is very valuable for casual workers. In starting a negotiation usually one will place confidence upfront. Either the employer positions a percentage of the money, or the freelancer does some work. If they do not agree in the future, there is no practical way to resolve the dispute. The freelancer gets money from escrow if his employer gives it, and loses his reputation if he does not do his job, but a freelance worker who neglects his work in the middle of the road, this can be due to corporate authority and also binding rules. Furthermore, it is easy to start with a new identity while working through the Internet.
From the various problems that arise in the work contact between the boss and the freelancer, Ethearnal provides the following solutions:
1. Use ethereum self-executing smart contracts to manage both sides of responsibility in the code.
2. Provide a decentralized system of compensation moderators based on game theory to step in the required IF and provide objective resolution on the principle that the majority is always right.
3. Aligning the economic initiatives of all parties involved so that they are all better off pursuing the same results.
4. Gives reputation rating and monetary value. We make economics and economic initiative a single thought.
Ethearnal created the Ethearnal Reputation Token (ERT) system, where it works by tagging casual workers, business reputation and moderators. This Ethearnal reputation system ensures ERT is real money, where owners can sell, buy, transfer or even trade as they see fit. ERT is an important factor in a project, where many ERTs can make a project work and know who is capable and serious in participating.
Freelancers can create lists that present their services and push them to the network using web clients. In the backend, we use IPFS (interplanetary file system) to store and distribute their listings in a peer-to-peer manner. No server needed They do not need to store their web clients online, bidding just stays in the cloud.
With the decentralized blockchain tenology that makes the boss and the freelancer feel secure and comfortable working, no secrets and problems will arise because keterbuakaan in various components and transactions are maintained. It will provide satisfaction for various parties, whether it be superior or casual workers and investors.
Our ICO is different we call it ICO 2.0 smart contracth, where our investors are protected through the wonders of smart contract and auditability of the crowd. We give investors control over our expenses, as we should have from the beginning. You have the power to stop the project and get a refund.
Ethearnal has performed token sales so that users and investors can join and invest here, with the following details:
Token name: ERT
Token Sale: February 28-March 31, 2018
Total token: 40,000,000 ERT
Price: 1 ETH = 1000 ERT
Distribution over ICO: 30,000,000 ERT
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. Only ethereum will
be accepted during the sale
and pre-sale.
20% of the tokens will be kept for the
founders. They will be locked in the ICO
smart contract and will be
released to the founders only when there is 0 ether left
in it. Since 90% of the
crowdfunded ether is locked in the same contract and can
be released to us in 10%
increments only after voting of 51% of the token holders
this would mean that we have
delivered the project OR we have failed and the
people have initiated refund
process and got back their funds.
In the first case, the tokens will be our
economic initiative to keep supporting
the project since we will
have the same interest as every other token holder.
In the second case, when refund has been
initiated, the tokens are useless. It is
important though that they
are released to us only after there is 0 ether in the
contract, because otherwise
we can use them to claim refund and that way get 20% of the funds.
We will be able to use those tokens for voting
though.
5% Of the tokens will be kept for bounties and
economic initiatives where
needed. For example we might
be giving tokens as rewards to users of the system
that first reach certain
milestone. Adding gamification element that way.
If there are not enough moderators at the
beginning we can use those tokens to
add extra initiative.
Basically, they will be used to “guide” the
system until it’s able to “walk” on it’s own.
There will be permanent bounties
for finding critical bugs in the smart contracts and the network.
The total token supply
depends ONLY on how much ether has been invested during
the pre-sale and sale.
1000 ERT tokens will be created for every 1
ether invested. One month after
the start of the ICO (or if
the hard cap is reached, whichever comes first) there will
be 1000 ERT tokens for every
1 ether invested, on top of that 20% will be created
for the founders (non
transferable) and 5% for bounties (transferable) so that the total
adds-up to 100%.
New tokens will NOT be generated EVER again.
No matter if you are a freelancer, looking for a service or some kind of gig, you could use the platform. The idea of Ethearnal is to match supply and demand and create market equilibrium.
For more information:
Website: https://ethearnal.com/
Whitepaper: https://ethearnal.com/ethearnal-whitepaper.pdf
Facebook: https://www.facebook.com/ethearnal/
Twitter: https://twitter.com/ethearnal_com
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1705618
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