Skip to main content

Ethearnal is a peer-to-peer (P2P) freelance system, in which employers and freelancers meet

Ethearnal is a 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. All parties, moderators included, have strong and aligned initiatives to act honestly, since everyone has something of value at stake and something to gain if the desired outcome is achieved.
image
image
What is the utility of 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 24 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 prot pr oportional 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.
Who will buy the token ?
  • Freelancers
  • Employers
  • People who want to make extra income via moderating
  • People who believe in our solution and believe the token will appreciate due to its real utility
  • People who would like to get a percentage of the prots of this project that has the potential to disrupt a $1T+ industry
  • Pure speculators looking to make a quick ip. That is unavoidable.
What are the taxes for buying/selling ERT token ?
  1. Upon successful completion of a job (no arbitrage needed) 1% is deducted from the value of the contract. However, this is used to buy ERT tokens on the free market, which are then split between both parties. So, freelancers and employers get back 0.5% in ERT tokens. This means that the effective fee for the freelancer is 0.5%, and the employer gets 0.5% back in tokens, which is a slight initiative for them to use this system over others. This may or may not bring more work for the freelancer, and thus offset the already small fee.
  2. When arbitrage is needed, 1% is deducted before releasing the money to the winning side. This is shared between token holders in ether directly. However, the winner of the dispute gets the rep tokens of the minority mods that voted against him. This might or might not offset the 1% fee.
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.
NEW TOKENS WILL NOT BE GENERATES EVER AGAIN.

Comments

Post a Comment

Popular posts from this blog

The Momentum Project is an innovative platform for loyalty programs without limits of terms-Mobile Bridge

Loyalty programs have become the keystone in marketing strategies that support the distribution of products or services.  Despite the increase in production costs, brands are struggling with lower yields, consumers are gradually "accustomed to" similar proposals, reduced by discounts and free coupons. The Momentum Project is an innovative platform for loyalty programs without limits of terms and possible feedback from clients.  Blockchain will store information about points earned and promotional archives that are held, decentralized apps associated with the brand and allow to issue branded tokens with any programmable conditions. Smart-contract and mobile applications enable customers: get tokens for stories or visits to brand-specific addresses;  get referral points from purchases, attract friends and acquaintances;  pay for data collection, posting on social networks, likes, mentions, videos.  Decentralized marketing creativity will be limited...
Post a Comment
Read more

TIHOSAY allows TIHOSAY token and other cryptocurrencies to be a payment method by creating its own exchange market

TIHOSAY allows TIHOSAY token and other cryptocurrencies to be a payment method by creating its own exchange market and VISA® DEBIT CARD types. We gather all merchants/users under one roof. An exchange opportunity is offered to merchants for their digital assets without any commission by providing free daily exchange rights in TIHOSAY exchange. All TIHOSAY VISA® DEBIT CARD users can convert 9 different supported cyrptocurrencies to local FIAT, withdraw cash, and for shopping. Here is TIHOSAY VISA® DEBIT CARD that allows you to convert multiple crypto assets to local FIAT and offers simultaneous Online/Offline Spending/Withdrawal. You can convert your ETH/BTC/ETC/LTC/XRP/NEO / DASH/XMR/ZEC assets safely, quickly and simply to FIAT with excellent interbank conversion rates. You can easily send your assets as local currencies in other countries DEBIT TIHOSAY VISA CARD You convert some crypto assets into a local FIAT and offer Spend or Online Withdrawal Offline simultaneousl...
Post a Comment
Read more

The Impressio platform opens up new opportunities for the development of online businesses and high incomes

What is Impressio? Impressio is a team of specialists from various fields of applied engineering, web development, marketing, advertising and finance. What is the essence of the Impressio offer? As part of the ICO development project, Impressio proposes to join investors to obtain short-term profits with high profit rates, accumulations per hour and per day. How is the income calculated? The profit accrues at a fixed daily rate or at the end of a chosen period. For a certain group of investors, it is possible to obtain a profit per hour. ABOUT PRESSURE Distributed ledgers and blockchain protocols bring unprecedented value to the loyalty program of the future: Impressio Estate, Ltd, is a cryptocurrency investment platform based in the United Kingdom for users around the world to invest and make your money grow, whether it is deposited all at once or incrementally. We offer unique investment plans for investors of all types. There are many people who do no...
Post a Comment
Read more