Website

Ethearnal (ERT)

ICO

Last updated: Feb 01, 2020

Ethearnal is peer-to-peer (P2P) freelance system.

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Overview

Project industry	Recruitment & Crowdsourcing
Product type	Platform
Founded	Hong Kong
Whitepaper	Open

Bounty program

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.

So how does it all work?

Freelancers can create listings presenting their services and push them on the network using a web client. On the backend, we use IPFS (interplanetary file system) to keep and distribute their listings on a peer-to-peer basis. No servers needed. They don’t have to keep their web client online; the offers just live in the cloud.

Employers can search all of the listings from the same web client, or publish their own offers searchable by the freelancers.

The employer has the contract value locked in smart contract-based escrow.

Pre-agreed amount of reputation tokens are staked from each side. Each listing has a predefined amount of reputation tokens that needs to be staked in order to enter into smart contrac based agreement with. The listing creator sets that value. Both sides have to stake the same amount. The side taking the listing needs to accept that condition and stake the required amount of reputation tokens.

Predefined timeframe upon which if none of the following outcomes have been met, it self-releases everything back. That is just a safeguard to prevent funds from being indefinitely locked.

Details

Public sales: Feb 28, 2018 - Mar 31, 2018
Hard cap: 30,000 ETH
Raised: 218,482 USD

Legal

Blockchain Platform: Ethereum
Registration country: Hong Kong

Office address: Unit 1109, 11F, Kowloon Centre 33 Ashley Rd, TsimShaTsui, Kowloon, Hong Kong

Bounty

Bounty: 5%

Token info

Ticker: ERT
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 ERT= 0.85179 USD
Token price in ETH: 1 ERT = 0.001 ETH
Accepted currencies: BCH, ETH
Token distribution:
75% - Public Sale
20% - Founders
5% - Bounties