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#Business to Business, #Internet All projects

Ethearnal: Employers and freelancers meets here

No Limits. Just Business. Peer to Peer Freelance System.

stage Ended crowdsale

3.6 Rating

by 9 users


    Team

    7
    man STANISLAV UZUNCHEV

    Co-Founder, Marketing

    Whitehat. Internet Marketer. Freelancing business for the last 10 years. Top seller at fiverr (fiverr.com/youngceaser). University drop-out. Crypto Evangelist.

    man VLADIMIR VLADIMIROV

    Co-Founder, Marketing

    Internet entrepreneur and investor. 18 years’ experience in online business. Extensive experience in marketing, SEO, and monetization. In Bitcoin since 2012, in Ethereum since 2014 (ICO).

    man DOBRI STOILOV

    Senior Back-end Developer

    Hacker. Writing code for 20 years. Experienced in Linux/BSD networking, search engines & databases. Worked for NASA & ESA software to automate processing & query on large scale raw satellite data.

    man ROMAN STORM

    Smart Contracts Developer

    Expert in Solidity. Built and audited several ICO contracts. Vast experience in development for companies like: BlockchainLabs.nz, Amazon, UserTesting, Vault 12, Marketron. Betfair, Cisco.

    man PAULIUS KASIUBA

    Front-end Developer

    UI/UX Developer and more. Created multi-million dollar business websites from scratch. Self-taught, university drop-out.





    Crowdsale details

    Distribution of tokens
    • Crowdsale (75%)
    • Bounties (5%)
    • Founders (20%)
    Budget allocation
    • Product Development (25%)
    • Legal, Administrative (5%)
    • Marketing The Product (70%)
    Details Indicators
    Token Symbol ERT
    Full Token Name ERT token
    Crowdsale Start February 28th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or March 31st, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 30000 ETH
    Domain registration date 2017-09-14
    Domain owner Ethearnal Limited, Unit 1109, 11F, Kowloon Centre 33 Ashley Rd, TsimShaTsui, Kowloon, Hong Kong, Hong Kong, HONG KONG

    Cost of the token

    1000 tokens for 1 eth

    Price without discounts

    Accepted currency

    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    9
    Xiuli Wang April 05, 2018
    Rating of project
    3.5

    Advantages

    Risks and disadvantages

    Comments

    Phil Zander April 04, 2018
    Rating of project
    3.5

    Advantages

    Risks and disadvantages

    Comments

    Lisa Dominguez April 04, 2018
    Rating of project
    3.0

    Advantages

    Risks and disadvantages

    Comments

    Natsumi Iwata April 04, 2018
    Rating of project
    4.5

    Advantages

    Risks and disadvantages

    Comments

    Ladislava Chernik March 27, 2018
    Rating of project
    3.5

    Advantages

    Opportunity to tokenize reputation of freelancer and employer
    Free accounts
    No commission for payments between members
    Validation of participants' data
    Smart contracts guarantee the fulfillment of conditions
    Promise to return funds to investors, if required

    Risks and disadvantages

    Big competition
    The team does not look reliable (for this market)

    Comments

    The market is big. There are already millions of freelancers - and each year their number is growing
    In common - seems to be good for users, not for investors

    Jordan Semanda March 23, 2018
    Rating of project
    3.7

    Advantages

    With the digital migration of money in relation to modes of payment and trade to cryptocurrencies, this project is surely has a future.
    more so the employees don't have to worry about the quality of work they are to receive from Freelancers who wouldn't want to lose their credibility and tokens per say, in this way value for money is ensured

    Risks and disadvantages

    In this freelance market there are quite a number of platforms that many Freelancers and employees could be loyal to for example coinlancer which reduces on the chance of enjoying a convenient market base which might call for ex-tense insensitive for prospective users

    Comments

    The project provides a large market base for employers and in the same way, a wide efficient employment base for freelancers, the fact that it tackles critical aspects of efficiency such as quality of job delivery, its an ultimate success i think every employee should be up for this one

    Antony Smith March 22, 2018
    Rating of project
    3.7

    Advantages

    The roadmap has a wide coverage and looks ambitious. In addition, I can mark well-designed and well-structured White paper.

    Risks and disadvantages

    I agree with Denis, you'd better add the information about your advisers. I also agree that this idea isn't fresh and you should change your concept in order to be different. There are a lot of projects with almost same ideas and your ICO isn't unique in this sphere.

    Comments

    Now I can't see a large competitiveness and marketability in this ICO. Probably they will change their concept in the nearest future.

    Denys Serhiichuk March 21, 2018
    Rating of project
    2.7

    Advantages

    The project provides full range of activity on the service for job search, placement of new orders, reputation management, communication with other freelancers, etc.

    Risks and disadvantages

    There are already dozens of platforms for freelancers ( even on Blockchain, like Bitjob), as a result Ethearnal won't be popular among users. Moreover, teams seems no experienced enough and there is no information about advisors.

    Comments

    Blockchain can fully fit the industry of freelancing. Ethearnal already have demo version of the platform, which is a good sign for people to consider of investing in it.

    Veronika Arbisman March 17, 2018
    Rating of project
    4.7

    Advantages

    Freelance trend is going up. Nowadays world is more connected then ever, so people from all over the world can use the platform. Easiness of brows and searchable pool of talent and employees is an additional advantage. Plus good scheme of disputes solving is provided.

    Risks and disadvantages

    As disadvantages can me marked high level of disputes in the area. Spamming of the network is also a risk. Team should think about how to check if the rates of freelancers are real.

    Comments

    Having rates for completed job and eliminating of third part provides economy of time and money. Increasing % of moving to freelance job will help to staff platform with people.

    See more reviews

    FAQ

    FAQ

    What is the utility of the 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 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 profit proportional 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.

    What is the purpose of the ERT token?

    Short answer: Tokenized reputation
    Longer one: It’s a token that has actual utility, outside of being used as payment method needlessly replacing ether. Actually, all payments in the network are done with ether. The token represents reputation, which has monetary value since the token is traded on the free market. It’s used for staking, aligning initiatives, moderating, taking job offers and just holding to get proportionally some of the fees the system collects.

    How does Ethearnal make money?

    Ethearnal, the company, doesn’t. It’s being paid via this ICO to deliver a project, and once it does, it is not expected to make more money from users. The network has a 0% to 1% fee and that goes back to the system to support the proper initiatives. However, we, as founders, have awarded ourselves 25% of the tokens. 5% of those will go to bounties and awards for freelancers in the system. The remaining 20% we keep and will profit from, like any other token holder. This aligns our economic initiative with the success of the project.

    Who will buy the tokens?

    – 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 profits of this project that has the potential to disrupt a $1T+ industry
    – Pure speculators looking to make a quick flip. That is unavoidable.

    How will employers use the market?

    Two ways:
    Search/browse available talent and gigs.
    Publish their own offers and wait for someone to apply for them.

    How freelancers will use the market?

    They have three options:

    Just list their skillset and hourly rate, and wait for people to find/hire them.
    Create gig listings with specific tasks they would do for predefined amounts of money, and wait for people to orders those gigs.
    Actively search/browse employer’s offers and apply for them. In later releases they will have the option to be notified when an offer meeting their criteria is published.

    How I can start working as a moderator?

    You just need to buy enough ERT tokens to be able to meet the minimum stake requirement for a dispute in your competence. Every creator of an offer can choose his own stake requirement. You need to stake 5% to 33.4% of that in ERT.

    What if the outcome of a dispute can’t be voted on with a simple yes or no?

    The smart contract that both sides enter into can be made with milestones with predefined amounts for each milestone. In those cases, except the binary yes or no, moderators will be voting which milestone is achieved. The dispute solution will affect the funds until this milestone. The rest will be refunded back to the employer.

    What are the taxes for selling/buying on Ethearnal?

    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.
    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.

    Can moderators be bribed or persuaded to be on my side?

    Yes, but you will have to convince the majority to do so. If they just vote honestly they will at least double their rep tokens. So, they will probably demand more than that from you as a bribe, so they have initiative to act maliciously. So, you have to bribe 51% of the mods with at least double the rep at stake, which is at least 102%. So, it’s cheaper for you to just lose your ERT tokens staked. However, if you are an employer you have ether in escrow as well, so bribing might still be viable for you. That can be countered by freelancers, by requiring much higher amount of ERT at stake in the first place.

    How much will I make as a moderator?

    You will more than double your staked ERT tokens for every dispute you resolve correctly, then you can sell them immediately and just leave enough to stake on other cases.

    Can you see on the platform if a freelancer bought or earned his reputation tokens?

    It can be seen on the blockchain if the rep tokens came from Ethearnal smart contracts or just funded directly. Even if we don’t implement it, 3rd party services can offer it. We do plan to implement it though.

    Can I use just ether at Ethearnal?

    Yes, but only for offers that don’t require any reputation staked. It’s up to the offer creator to set that value so, if there are any that choose to set 0, you can. Also, the moderators won’t have economic initiatives to get involved in a potential dispute, so you are hoping to have enough moderators willing to work for free.

    Can I use my rep tokens somewhere else?

    Not really, but you can cash them out at an exchange at any time.

    Does it mean that if I use Ethearnal, I don’t have to pay fees?

    If you are employer, you don’t really pay any taxes. You actually get 0.5% “cash back” in one of the possible cases as ERT tokens. If you are a freelancer, you get 0.5% to 1% deducted from your payment.

    Are the tokens earned as freelancers and the ones earned as employers the same? If not, are they interchangeable?

    Yes, it’s the very same, fungible token.

    What makes you think you can execute this project?

    Between the two founders, we have 26 years of experience in various online businesses and have been on both sides of the freelancing model. We’ve been into bitcoin since 2012, and into Ethereum since its ICO.

    We are building this because this is what we would like to use. Since it’s finally possible to be done, we believe we are in the right position to collect the pieces.


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