New freelancing platform launching an ICO ending in march: Ethearnal.
As soon as the job is completed, and upon acceptance from both parties, with the smart contract in place, freelancers receive 99% of the Ether from escrow. The remaining 1% of the contract is taken by ERT on the free market and divided between the employer and freelancer. Following this, the reputation is provided to the respective people.
The concept of a moderator is introduced, whose job is to solve disputes that arise due to quality of work etc. The pool of moderators will settle the dispute by a simple majority.
Ethearnal has introduced the ERT (Ethearnal Reputation Token) which not only serves as the mode of payment, but also as a utility token for earning reputation. One can also use Ether for payment, for anything that does not involve reputation.
Pre-ICO Date : January 28, 2018
ICO Start Date : February 28, 2018
ICO End Date : March 31, 2018
Price 1 ERT : 0.001 ETH
Bounty : Available
Platform : Ethereum
Hard cap : 30,000,000 USD
Country : Hong Kong
% of the funds to be released after voting in our favour : 10%
Public Sale : 75.00%
Founders : 20.00%
Bounties : 5.00%
*Tokenized reputation: Reputation that can be earned and transferable, with monetary value.
*Trustworthy : Integrated with Ethereum smart contracts, decreasing any case of security issues in the agreements.
*Token Utility : Multiple token utility as opposed to other tokens.
*Decentralized arbitrage : Global pool of moderators with strong initiative to act honestly.
*Affordable : Supposedly the lowest fees in the world, 0% to 1%. Zero profit for the developers.
*Refundable investment : If majority of investors decide on giving back investment, you may get back yours.
*Dynamic ICO cap : Making it harder for whales, and easier for smaller investors.
*Earning money as a moderator : You don’t have to be a freelancer or an employer. Participate in a winning decision and earn money.
*Strong team : Over 26 years of experience between the two founders, specifically in online and freelancing businesses and additionally into bitcoin since 2012, and into Ethereum since its ICO.
With the current situation of the cryptomarkets, not a lot of mainstream people know how to handle a wallet, let alone be familiar with smart contracts. So it might be difficutl, at first to gain robust activity in the platform at first.
Token price might be affected in the short term due to high speculation.
Current conditions of worldwide regulations of digital assets such as Ethereum, so it might be a more difficult process depending where you live, to cash out the Ether you earn in the platform.
I’m really excited to see this project live. I’m very into the idea of no intermediaries. Other platforms take 30%, 25% of the contract value and having zero fees in a freelance platform such as ethearnal will definitely impact the worldwide freelance industry that is currently 1.5 trillion dollars worth, and guess what? is ripe for disruption, just as how steemit disrupted the user generated content industry. Digest those numbers for a second: 1.5 trillions worth of freelancing effort that is ready to migrate to a more efficient ecosystem. The whole market cap of cryptocurrencies is currently just below half a trillion. Just think the impact this platform will have in the long run.
If you want to be more in touch with the project you can join their