Ethearnal Token Sale
Ethearnal Token Sale
Freelancing has completely blown up in recent years, as the internet makes it easier than ever for skilled workers to be matched with clients and employers. People in the fields of graphic design, computer programming, and many other specialty occupations are finding work through online freelancing sites and making a living through those means.
Freelancing also opens employers to people around the world. In traditional jobs, most companies are limited to workers in their immediate geographic area. Freelancing opens up job opportunities to people everywhere, which can, in turn, help the business build a better product. By limiting yourself to candidates close to you, you’d be missing out on thousands of talented individuals across the globe. You can have access to the best people for the job.
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
Smart Contract Integration
Using smart contract technology, the freelancer industry could become a lot more secure for both freelancer and employer. Smart contracts provide a way to trustlessly make and execute an agreement without anyone being able to manipulate it. Using smart contracts, workers can independently verify the contract to ensure they get paid for their work. Employers can also ensure that the people they hire produce the content they want without getting ripped off.
This is where Ethearnal looks to innovate. They’re developing a smart contract solution to the growing freelancer industry building atop the Ethereum network, and here’s how it works:
Freelancers and Employers can browse and publish listings using a web client, which in turn distributes the listing across a network of peer-to-peer nodes that keeps track of the listings. Freelancers can browse posted job listings, post individual service offerings, or even advertise work at an hourly rate. Employers can then search the listing to find the best fit for the job, or even just create their own job listing and wait to hear back from qualified freelancers looking for work.
Innovative Project and ICO
The ERT token will initially be distributed through what Ethearnal is calling “ICO 2.0”. Dubbed by Vitalik Buterin as DAICO, Ethearnal’s ICO 2.0 model is a dynamic spin on the traditional ICO that merges the best characteristics of DAOs (Decentralized Autonomous Organizations) with that of traditional ICOs.
The investors of the ICO decide when and how to distribute the money collected to the developers. Initially, the team will only receive 10% of the funds raised via ICO. The investors now have the ability to vote to release each subsequent 10% of the funds. If the investors are unhappy with the progress of the project, they can either vote to have any remaining funds refunded and end the project or they can choose to have the developers continue to work until they release a product the investors are happy with. Then, and only then, will the next 10% of funding be released to investors.
The timeline for the ICO is also a tad unique. Most ICOs do a presale and subsequent open sales, the sooner you buy in the larger token bonus you receive. Instead of having the whole lot of tokens available at once, the sale offers a dynamic hard cap that changes hour by hour.
The first hour $1000 worth of tokens will be available, with each passing hour the cap for each individual investor increases by another $1000. This means no one large investor can come in and buy up large numbers of tokens in one fell swoop. $1000 per hour means the playing field is leveled for big fish and small. The ICO is set to run from February 28 through March 31, 2018.
|Crowdsale Opening Date||
509 days ago
|Crowdsale Closing Date||
478 days ago