This ICO 2.0 shit seems pretty decent. Seems so obvious now. How come no one else is doing it? Or is it?
I dropped the ICO game since it's too much of a hype now, but you guys might just have won me back.
At least my ether will be locked and I won't be able to sell it in a moment of weakness, lol
I like the last sentence. Sometimes it's better that your investments are in locked mode that you can't do anything bout it for the moment.
Otherwise, I will be in panic mode when the price starts to get shaky and my heart will be palpitating that I don't know what to do anymore. LOL
But what is the outstanding feature of ethearnal as compared to bitjob or other related freelancing projects here?
I feel you!
Well, i haven't finished reading the whitepaper yet, but it seems like they bult self-sufficient, self-regulating system or something like that.
It's kinda like a protocol.
What really impressed me is how clever the dispute system is. I mean like conception it seems close to genius. Now implementing is whole different ball game though and unfortunately I lack the knowledge to judge if it could be implemented or not. If they show before the ICO that they can do it, i might invest an ether or two
Actually I'm not sure if I completely understand how exactly it works, might have to read that part again.
What other competitors are out there and what are their strong sides?
So what are the core features of ICO 2.0:
The investors control how and IF we spend the money!
Only 10% of the collected funds are released to us upon completion of the ICO. The rest money and the founders tokens remain locked in the smart contract. Once we run out of the initial 10%, we initiate a smart contract based voting process. We inform the community what we have done so far and for what we need the next 10% funding increment.
Every token holder can vote proportionally to his tokens if we should get another round of funding or not. If 51% vote no, we don’t get any money and continue working until the investors are satisfied enough to vote yes next time we initiate a voting process.
Every token holder can start a refund process!
At any time, anyone holding at least 1 ERT token can initiate a refund voting process. If 65% of the tokens vote for refund, the project is terminated and all remaining funds refunded proportionally.
So, at any time, we are in possession of only 10% of the funding and if we stop delivering on our promises you can get back the rest of your investment.
Dynamic hourly ICO cap.
Dynamic investment cap that increases every hour! $1000 worth of ether cap the first hour and then increased with $1000 every next hour. ($2000 cap per unique sender the 2nd hour, $3000 the 3rd hour and so on) This makes it inefficient to have huge gas fee to make your transaction go first and out place the smaller investors. You have new chance to participate every hour! That way a whale will have to compete with thousands of regular investors every hour. Leveling the playing field as much as possible (not bulletproof though) without invasive and bureaucratic onboarding process.
@TimeTeller About the other competitors, I dont really mind we have seen anyone else trying to do exactly what we do. bitjob.io is more about education and other current freelancing platforms attempts on the blockchain aren't really free.
+ We are the first Token to give you dividents and profit share from all the transactions through Ethearnal!
+You can use your ERT tokens to ensure you will get hired and have ton of work withourt marketing
+ You can't be banned, unless burn all your ERT balance by not giving quality work. On platforms like Fiverr and Upwork, you can be banner for so many reasons. I know a lot of people with banned accounts for communication outside the system or abusing system review, etc. On Ethearnal its all solved and backed up by the token economy.
No limits, just business! There is no middle man, its the blockchain community that takes all the decisions. Just like crypto changed the way we think about money, we want to change the "FREE"lancing