ERT Ethearnal

ERT Ethearnal


Introduction
Everyone is born Independent, but some choose to work for themselves. Is it a mere theory that people have more of a follower’s mentality than a leader’s? I wonder what they teach in leadership classes. Also, I have never heard of follower’s classes. Is It because there is no need to since we are always told what to do rather than being left to do what we think to be true. The leadership qualities in the people are always present and it’s just that they do not choose to see and work on it.
Some work their way upwards to fight and win the battle. Although the battle is lonely, the rewards are pretty high which seem to compensate for the battles fought. Freelancers have found the amazing world of internet as their ultimate saviour but managing clients and working continuously do take effort and time.
Today, freelancers are stuck on the different websites under the realm of nasty clients’ review who wants quality work for zero payment. And, add to that, the intermediaries are earning millions of revenue from the commissions. They have become the master in the freelancer world. Funds are not immediately released to the freelancers and limited channels are available for payment creates the roadblock in the freelancing business.
The biggest roadblock faced by the freelancers on these websites is of unfair dispute resolution. There is no any objectivity left if you do not know what went into the decision making progress and who is the authority. There is an urgent need for a revamped system which should make things easier for the freelancing community as well as the clients and businesses.
SOLUTION OFFERED
ETHEARNAL is offering a decentralised Peer to Peer freelancer platform for the business and freelancers across the world. The freelancer can choose to directly engage with the client without any intermediary. Freelancers and Clients enter into the Smart contract based deal where the pre-agreed amount is deposited in the Escrow. Clients can find their suitable freelancers using the listings which are released by the freelancers.
ETHEARNAL Reputation Token can be earned by buying it in the market or completing the job on the platform. The concept of a moderator is introduced by the Platform for dispute resolution between the clients and freelancers. Anyone can be the moderator with the required amount of ERT Tokens but everyone carries an equal voting strength of one in the system. Overall, they have presented a sustainable P2P based freelancing model which can hugely reduce the current weaknesses of the market.
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.
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offline 2 years

belotx

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Comments: 0Publics: 10Registration: 29-03-2018
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