Ellcrys — Decentralised Git
In this paper, we present Ellcrys, a network for creating and managing open, decentralized organizations comprised of globally distributed collaborators working together to build software products and services. Ellcrys offers a blockchain network that integrates Git to allow collaborator build software collectively and from anywhere. Anyone can create or join a project, contribute and get compensated by the network with coins.
A community contract describes an entity that allows one or multiple collaborators build open source organizations offering software products and services such as a website, API, smart contract, packages, frameworks etc. Collaborators push and pull code to and from the network, perform governance functions by creating, approving proposals and receive compensation from the network.
Ellcrys is on a mission to create an ecosystem where open source collaboration goes beyond offering contributions during free or leisure periods to one where collaborators can build open source enterprises that can be proftable, thus, enabling them to spend more time building great products and improving open source ecosystem
Ellcrys’ goal as a network is not to become another decentralized network with the purpose of making centralisation irrelevant — Ellcrys is not anti-centralisation. Ellcrys leverages on blockchain technology to provide and enforce transparency between collaborators, node owners and the Ellcrys organization.
Ellcrys’ communities need a mechanism to reach agreement on topics or issues surrounding operations. Te model employed by Ellcrys is a Proposal/Approval Voting scheme where contributors create proposals and solicit approvals from other contributors.
Community contracts building software products intended to be accessed from a browser or as a web service may implement and structure their project to be compiled and executed by any centralized cloud hosting platforms that support Ellcrys’ buildpacks and host protocol.
With the rise of the blockchain technology, everybody is trying to take advantage of the blcokchain technology in some or the other way. It seems obvious that open-source will be hosted on a decentralised open-source platform.
Ellcrys is will soon start an ICO. All the contributors will be allocated ELL cryptocurrency.
The distribution of ELL will be as follows-
1. Public Sale- 20%
2. Minable- 20%
3. Universal Node Reward- 20%
4. Ellcrys- 35%
5. Bounty and Incentives- 5%
The Investments of ICO will be used as follows-
1. Development- 60%
2. Marketing- 20%
3. Secuirity and Legal- 20%
Token Sale (ICO)
Te primary token sale event will occur 6 months after the Pre-Sale. Purchases will include a bonus of up to 30%.
- Token Sale Launch Date: June 1st, 2018
- Pre-Sale Ends: July 1st, 2018
- Duration: 4 Weeks
- ELL available: 900,000,000
- Price: $0.35 / ELL
Tokens not sold will be equally shared to the mining and universal node reward supply. Below is the bonus structure for the Token Sale.
- Week 1: 30%
- Week 2: 20%
- Week 3: 10%
- Week 4: 5%