Greetings community, in this blog I will give an explanation about Ethearnal project, the latest post that has a very good concept to look at, and here's the discussion:
What is Ethearnal?
Ethearnal is a freelance peer-to-peer (P2P) system, where bosses and freelancers meet, enter into smart, untrustworthy contracts with reputation and money in escrow, and utilize a decentralized moderator system where necessary. We collide with our reputation and economic initiatives together by linking reputation and value. All parties, including moderators, have strong initiatives and are aligned to act honestly, because everyone has a valuable value and something to achieve if the desired achievement is achieved.
Investors control how and IF we spend money!
Only 10% of the funds collected are released to us upon completion of the ICO. Remaining money and founder tokens remain locked in smart contracts. Once we run out of the initial 10%, we start smart contracts, based on the voting process. We are informing the community of what we have done so far and for what we need the next 10% fund raising.
Each token holder can choose proportionally with his or her token if we have to get another round of funding. If 51% of the votes do not, we do not get the money and keep working until investors are happy enough to vote yes when we start the voting process.
Each token holder can start the refund process!
At any time, anyone holding at least 1 ERT token can perform the refund voting process. If 65% of tokens choose a refund, the project will be terminated, and all remaining funds will be returned proportionally. So, at any time, we only have 10% of the funds and if we stop fulfilling our promise, you can return the rest of your investment.
Close the clock ICO dynamically.
Dynamic hat investments are increasing every hour! $ 1,000 worth of ether closes on the first hour and then rises by $ 1000 every next hour. (Close $ 2000 per unique sender at 2, $ 3000 hours 3rd and so on) This makes it inefficient to have a large gas cost to make your transactions run first and out putting smaller investors. You have a new opportunity to participate every hour! That way, the whale must compete with thousands of regular investors every hour, leveling the playing field as much as possible (not bulletproof though), without an invasive and bureaucratic inboarding process.
Agnostic platform
Web apps that run on every device with a browser! There is no central server
BitTorrent is like the infrastructure for files and smart contracts of Ethereum for other things.
Easy to use While we use all the latest technology, it's still as simple to use as any website.
ICO 2.0
You control how and IF we spend your investment!
Tokenized reputation
Reputable reputation with actual money value.
Unbelievable: All deals are in the smart contract of Ethereum, where the code is legal!
Token Utility: A token that is really useful in a variety of ways!
Decentralized arbitration: All moderators around the world with a strong initiative to act honestly.
Affordable: The world's lowest cost! 0% to 1%. Zero profit for developers!
Refundable investment: You can actually get your investment back if the majority of investors decide.
Closed dynamic ICO
Makes it harder for whales, and makes it easier for smaller investors!
Token Distribution
Token Price 1000ERT = 1 ETH
Hard Cap 30.000ETH
Total token supply 30,000,000 ERT
The size of each fund is 10%
Sound needed to release funding round 51%
For more research on Ethearnal social media at this time, please see our website:
Bitcointalk user name: danil21
https://bitcointalk.org/index.php?action=profile;u=1544106
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