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. They 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.
Ethearnal's purpose is to provide better protections for buyers and sellers in the freelancing industry. Ethearnal is a peer-to-peer freelance system where employers and freelancers can meet and enter into smart contracts.
Ethearnal enables businesses to hire skilled and talented individuals to work on their projects in a well-organized and secure manner.
Ethearnal uses Ethereum smart contracts and Ethearnal Reputation Tokens (ERT) to create a safe ecosystem for freelancers and clients. The platform has a built-in dispute resolution mechanism where moderators are incentivized to side with the majority.
They work by having freelancers post listings of their services and use a web client to place them on a network. The platform doesn't require use of servers. The web client doesn’t have to remain permanently online since the offer is accessible and stored in the cloud.
There is a pre-agreement where both employer and freelancer stakes reputation tokens on each side. Both sides must stake the same amount of tokens so that it remains balanced and both parties know what they are staking during the process.
Ethearnal levels the playing field for small investors and ensures equal investment opportunities through a dynamic ICO cap that increases by the passing hour. Investors will have complete control over their investment, empowering them to continue or terminate the project at any stage to get a refund for their investment.
The purpose of the project with examples
The global freelancing industry is a huge market. However, Ethearnal sees major problems with the industry – like high middleman fees and limited protections. That’s where Ethearnal sees an opportunity and that's the reason for coming up with this platform.
Ethearnal will use self-executing Ethereum smart contracts to set the responsibilities of both sides in code.
Ethearnal will provide a decentralized system of moderators who, based on game theory, receive compensation to resolve disputes if necessary, providing objective resolutions based on the idea that the majority is always right.
Ethearnal will tokenize reputation and give it monetary value, giving economic and reputational initiatives the same objective.
The platform will align the economic initiatives of all parties involved so that they’re better off if they pursue the same outcome.
Freelancers can create listings presenting their services, then push them on the network using a web client.
On the back-end, Ethearnal uses Interplanetary File System (IPFS) to keep and distribute listings on a peer-to-peer basis with no servers needed.
The web client doesn’t need to be kept online – the offers just live in the cloud.
The smart contract has a pre-defined timeframe that will automatically release everything back to the original owners if none of the outcomes have been met.
An employer can search Ethearnal to find the perfect person for the job; the employer and freelancer enter into a contract where a pre-arranged number of reputation tokens are staked from each side.
No Central Server: BitTorrent like infrastructure for files and Ethereum smart contracts for everything else.
Easy to Use: It's easy to use as website.
Distributed in ICO: 75%
Total Supply: 40,000,000 ERT
Price in ICO: 1 ERT = 0.001 ETH
Hard cap: 30,000 ETH
Public Sale: 75%
Marketing The Product: 70%
Product Development: 25%
Legal, Administrative: 5%
Tinkering with the Idea.
Research into Game Theory.
Research into Economic Initiatives.
Layout of the concept.
Planning the Minimum Viable Product functionality (MVP).
Starting Development of Proof of Concept (PoC) technology stack.
Starting Development of P2P Protocol with Kademlia style DHT.
Starting development of Web Browser UI ( p2p node client).
Alpha Release of MVP PoC.
Ethearnal Initial Coin Offering (ERT ICO).
Integrate Ethereum smart contracts as DAO platform for freelancers and business.
Integrate IPFS to add another layer of data persistence and availability.
Develop own decentralized system for moderating and curating records.
Start building strong open source community contributions.
Release production network and software.
Iterate over the continuous integration of new features and bug fixes.
Start development of mobile platform.
Release application for iOS & Android.
OpenAI in the search engine and the Ethearnal Personal Assistant Bot.
Linkedin campaign targeting anyone who is involved in crypto and has the skill set in demand on the network.
Reddit ads on all subreddits for getting jobs for crypto. This is the smallest reach, but most targeted auditory.
Facebook ads targeting only people in crypto-related and freelance-related Facebook groups at the same time.
AdWords ads to people searching for crypto- and freelance-related stuff.
Airdrop of ERT to all ether addresses with non-insignificant balances.
This is an independent report generated by a Coinschedule partner company. Coinschedule has no influence over its content and the views expressed may not reflect the views of Coinschedule. This is not investment advice, you are encouraged to do your own research and reach your own independent conclusions.