ELLCRYS NETWORK

 

About Ellcryz

Ellcryz present a network for creating and managing open, decentralized organizations comprised of globally distributed collaborators working together to build software products and services. Ellcryz offers a blockchain network that integrates Git.

We refer to this organization as a community contract. A community contract is composed of an address for sending and receiving payments and transactions, a git repository for version control and collaboration, a proposal and voting system for approving predefined actions put forward by collaborators and a task-based system for distributing work and receiving contributions.

Ellcrys aims to allow the use of modern languages such as Javascript, Go, Ruby & Python for writing smart contracts. Contracts are executed in an isolated environment with a capped execution time — This means contracts are expected to produce an output before the execution time elapses or risk forced termination.

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. Contributors can collaborate to build products meant for centralized systems or ones meant to be executed decentrally.

What is Community Contract?

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.

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 buildpack and host protocol.

Ellcrys buildpack will provide interfaces for services running on centralized platforms to have access to official and third-party services. Projects launched with the buildpack will not be directly accessible to developers once deployed.

Ellcrys smart contracts are upgradable, versioned codes loaded from a repository. They are repository-addressable. This means originating transactions must reference the community contract as opposed to directly referencing the smart contract.

Token Sale & Budget Plan

Researching and developing the ideas above will require money. To this project, we will be hosting several token sale rounds. During the Pre-Sale, tokens will be issued on our own wallet system. After the main token sale, We will issue ERC20 tokens which will be swapped for the main network tokens when it is launched. Tis will be a 1:1 swap.

Pre-Sale

Te Pre-Sale will be available to the public and will last for 8 weeks. It is targeted at early backers of the Ellcrys projects and includes a maximum of 30% bonus.
  • Pre-Sale Launch Date: February 1st, 2018
  • Pre-Sale Ends: April 1st, 2018
  • Duration: 8 Weeks
  • ELL available: 800,000,000
  • Price: $0.1 / ELL
Tokens not sold will be available for purchase in the main token sale. Below is the bonus structure for the Pre-Sale.
  • Week 1: 30%
  • Week 2: 20%
  • Week 3: 10%
  • Week 4, 5, 6, 7 & 8: 5%

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%

Budget Plan

  • Product Development and Staffing: 60%
  • Marketing: 20%
  • Security: 10%
  • Legal: 10%
Let’s Join this ICO guys, it have a potential to the future, they have clear Whitepaper and Roadmap.

 

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Cherry_Pie

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