✅🔥🚀 [ANN][BOUNTY 1.5M$][ICO] ⭐ ETHEARNAL ICO 2.0 - Decentralised Freelancing ⭐

[wigantara]

hi sir how way work is the project

[TheNerd]

hi sir how way work is the project

Ethearnal is peer-to-peer (P2P) freelance system, in which employers and freelancers meet, enter into trustless smart contracts with reputation and money in escrow, and take advantage of a decentralized system of moderators, if needed. We collide reputation and economic initiatives into one by tokenizing reputation and giving it value. Thus, all parties, moderators included, have strong and aligned initiatives to act honestly, since everyone has something of value at stake, as well as something to gain if the desired outcome is achieved.

When you decide a dispute successfully you can more than double your staked tokens, hence make money/rep by being moderator - sounds a bit like a "justice for sale", tbh.
But i'll prefer to read the wp before judging hard myself. Thanks for the answer.

Not at all. There is economic initiative for the mods to judge honestly. What is honest is decided by the majority. And if you judge against the majority you get a penalty. So, moderator has to be careful in his decisions if wants to be successful. Rewards and punishments are build on the principles of game theory. Basically, everyone is better of if they don't lie.

 

So few unique features in our project:
ICO 2.0
Token Utility
AI
 

the project seem interesting, i tried to go on site for get more information but it's not working
is it still under construction?

No the site is working, our uptime monitor haven't reported downtime.
Can you let me know what browser you are using and what exactly you get on the site, if possible screenshot would be great.

i use chrome, i tried on firefox its same just loading .......
but it works on iexplore so the problem is adblock

We are running a high security setup, and forced SSL. Your adblocker is blocking some of our JS or CSS and it wont load completely. Requesting full browser load, prevents DDoS in some cases. You can add exception for your site, and it should load correctly.

[FruitAvenger]

Loads fine for me.
Tell us more about how the disputes work? Seems complicated.

[TheNerd]

Loads fine for me.
Tell us more about how the disputes work? Seems complicated.

Here is explanation from the whitepaper, probably can't explain it better:

When the dispute is concluded:
The winning side gets the contract value from escrow, his staked rep back, and the rep of the minority voted mods.
The losing side loses only his staked rep if the freelancer and the staked rep AND the money in escrow if the employer.
The majority vote mods get proportionally to their stakes the rep of the losing side.
The minority vote mods lose their reputation at stake to the winning side.

and here is the detailed explanation

So how does it all work?
Freelancers can create listings presenting their services and push them on the network using a web client. On the backend, we use IPFS (interplanetary file system) to keep and distribute their listings on a peer-to-peer basis. No servers needed. They don’t have to keep their web client online; the offers just live in the cloud.
(Note: In the beginning, we might need to run our own nodes to boost that, while the network gains enough traction to take care of it on its own.)
Employers can search all of the listings from the same web client, or publish their own offers searchable by the freelancers.
There might be a need for insignificant fees to publish a listing in order to prevent spamming the network. It will be negligible if using the system as intended, but it will add up to non-insignificant cost if spamming. If there is a need to implement that, all of the income will be distributed proportionally to the token holders.
Once they find each other, they enter into a smart contract where:
The employer has the contract value locked in smart contract-based escrow.
Pre-agreed amount of reputation tokens are staked from each side. Each listing has a predefined amount of reputation tokens that needs to be staked in order to enter into smart contract-based agreement with. The listing creator sets that value. Both sides have to stake the same amount. The side taking the listing needs to accept that condition and stake the required amount of reputation tokens.
Predefined timeframe upon which if none of the following outcomes have been met, it self-releases everything back. That is just a safeguard to prevent funds from being indefinitely locked.

Ethearnal Reputation Tokens (ERT) can be earned in two ways:
•  Directly buying them on the free market. That way, anyone can start right away and avoid the egg and chicken problem of new freelancers who need reputation to get contracts, but need contracts to get reputation. 
• Taking jobs on the network and being rewarded reputation tokens upon successful completion.

In both cases, the participants have invested valuable resources (e.g. time or money) to gain that reputation, so it is valuable to them, and thus, they have initiative to keep it. Even if they don’t appreciate their time, the reputation token has monetary value on the free market.
The creator of the listing, being a gig or job offer, decides how much reputation stake to require for entering into a smart contract. So, he has the freedom to decide based on the overall contract value and his personal risk assessment.
There are three possible outcomes of this smart contract:
Both parties are happy. (They execute the contract on their own, no 3rd party intervention is needed. Both are awarded reputation tokens proportional to the contract value.)
At least one part is unhappy. (A pool of moderators steps in and decides in favor of one of the sides based on simple majority vote.)
Both are no longer willing to work together. (The contract thus self-closes after preset amount of time and returns everything in escrow and at stake.)

The tricky one is case two since only it needs involvement of a 3rd party decision. The other outcomes can be solved by the participants themselves.

OUTCOME 1:
If both parties agree on the successful execution, 99% of the contract value in escrow goes to the freelancer. The remaining 1% is used to buy rep tokens on the free market (automatically by a smart contract) at market prices, and distribute them equally to the employer and freelancer. This gives 0.5% of the value of the contract to each side in ERT tokens.  This serves two purposes:
Gives to each participant reputation proportional to the value of the project.
Creates demand for the token. The demand for the token is necessary because this is fundamental for value, and token value is needed for this system to work. If there is no token value, the freelancer won't have anything valuable at stake, and will not have an initiative to act honestly.
Please note that in this case, the only "loss" of money compared to a case where participants don't use our system is 0.5%. The freelancer gets 99% of the contract value in ether and 0.5% in ERT tokens, which he can sell if he prefers money over reputation. So, he is 0.5% short. That is his cost to use a system where he is protected and can be found by employers.
The employer gets what is basically 0.5% cash back, but in ERT tokens. This is a slight incentive for them to use this system. Having more employers on the system is beneficial for the freelancers. This benefit might or might not outweigh the fee.

       OUTCOME 2.
            If one party is unhappy with the execution, he can open a dispute.
This action automatically opens a queue for moderators for the case. Every moderator can stake at minimum 5% reputation tokens of the predefined stake value in the job listing, and no more than 33.4%. So, effectively the employer, freelancer, and pool of moderators all have the same total reputation at stake. (Note: All moderators collectively need to have the stake amount at stake). Once enough moderators have entered the pool, so that their collectively staked ERT tokens are equal to that of the other parties, the moderation process starts. In the beginning, we will be participating in moderation as well, to ensure there are no cases with insufficient moderators. Also, 5% of the tokens that we leave for ourselves will be used for initiatives where needed, including getting moderators.
Moderator can be anyone who hold enough ERT tokens to cover the stake minimum. A stake minimum is necessary to prevent sybil attacks where someone creates lots of mods with just one ERT token each in order to dominate the moderator pool and decide in his favor. The listing creator decides how much reputation he wants at stake from the other side and the moderators pool. The minimum moderation stake is 5% from that, so the higher the stake value, the more expensive the sybil attack. The max stake of 33.4% is necessary to ensure we have at least three moderators in every case. That is needed to make the decision more objective and less likely to be manipulated.
Each moderator has a vote weight of one, regardless of how many rep tokens he stakes. If the vote was weighted proportionally to their staked rep tokens, just 2 “whale” moderators could be enough to solve any dispute.
However, what they earn from solving the dispute is proportional to their rep at stake. So, people with more rep can stake more, and naturally, can earn more since they have more at stake. This also incentivizes them to judge honestly. If they do, they gain more, and if they don’t, they lose more. On top of that, this is another initiative for people to hold tokens, since they can use them earn by moderating.
When they decide the winning side in the dispute by simple majority (51%), the rep at stake of the losing side is distributed proportionally to the moderators based on their rep at stake. Only the moderators who voted with the majority (the winning decision) get rep tokens. The mods that voted with the minority lose their stake to the winning side of the dispute. The logic is that, since they tried to rule unfairly against him, but he turned out to be right, he deserves some rep. What is fair is decided by the vote of the majority. This is necessary to give moderators an incentive to act justly.  The mods who failed to vote within the determined timeframe lose their rep at stake. This will eliminate non-active mods automatically since they will be losing their rep at stake each time until there is none left and they can't be selected for mods anymore.
In case the moderator votes are at odds, only then the system looks at the tokens behind the votes to decide the majority. We can’t simply force odd number of moderators, since some of them may fail to vote, and we still get an even number.

Any feedback is welcome, we are always looking for a way to make it better.

[TheNerd]

Even if a smart contract works properly what makes that legal?

Which countries are banned from participating in your ICO? Can anyone participate in this?

For the legal side, you can check https://ethearnal.com/terms-and-conditions.pdf
Generally  everyone should check the legality in his own jurisdiction, since we can't be responsible for almost 200 legal systems, but since US and China position is pretty well known, you are not supposed to participate if you are US or Chinese citizen.

[TheNerd]

Hello! I am editor from icoholder.com. Your ICO was added to our listing and now is available to investors: https://icoholder.com/en/ico/ethearnal-ico-17346 You can edit your Page  by adding more information about your ICO after verification and also verify team members to improve ranking.

Great, thank you!

[hashtag]

Loads fine for me.
Tell us more about how the disputes work? Seems complicated.

Here is explanation from the whitepaper, probably can't explain it better:

When the dispute is concluded:
The winning side gets the contract value from escrow, his staked rep back, and the rep of the minority voted mods.
The losing side loses only his staked rep if the freelancer and the staked rep AND the money in escrow if the employer.
The majority vote mods get proportionally to their stakes the rep of the losing side.
The minority vote mods lose their reputation at stake to the winning side.

and here is the detailed explanation

So how does it all work?
Freelancers can create listings presenting their services and push them on the network using a web client. On the backend, we use IPFS (interplanetary file system) to keep and distribute their listings on a peer-to-peer basis. No servers needed. They don’t have to keep their web client online; the offers just live in the cloud.
(Note: In the beginning, we might need to run our own nodes to boost that, while the network gains enough traction to take care of it on its own.)
Employers can search all of the listings from the same web client, or publish their own offers searchable by the freelancers.
There might be a need for insignificant fees to publish a listing in order to prevent spamming the network. It will be negligible if using the system as intended, but it will add up to non-insignificant cost if spamming. If there is a need to implement that, all of the income will be distributed proportionally to the token holders.
Once they find each other, they enter into a smart contract where:
The employer has the contract value locked in smart contract-based escrow.
Pre-agreed amount of reputation tokens are staked from each side. Each listing has a predefined amount of reputation tokens that needs to be staked in order to enter into smart contract-based agreement with. The listing creator sets that value. Both sides have to stake the same amount. The side taking the listing needs to accept that condition and stake the required amount of reputation tokens.
Predefined timeframe upon which if none of the following outcomes have been met, it self-releases everything back. That is just a safeguard to prevent funds from being indefinitely locked.

Ethearnal Reputation Tokens (ERT) can be earned in two ways:
•  Directly buying them on the free market. That way, anyone can start right away and avoid the egg and chicken problem of new freelancers who need reputation to get contracts, but need contracts to get reputation. 
• Taking jobs on the network and being rewarded reputation tokens upon successful completion.

In both cases, the participants have invested valuable resources (e.g. time or money) to gain that reputation, so it is valuable to them, and thus, they have initiative to keep it. Even if they don’t appreciate their time, the reputation token has monetary value on the free market.
The creator of the listing, being a gig or job offer, decides how much reputation stake to require for entering into a smart contract. So, he has the freedom to decide based on the overall contract value and his personal risk assessment.
There are three possible outcomes of this smart contract:
Both parties are happy. (They execute the contract on their own, no 3rd party intervention is needed. Both are awarded reputation tokens proportional to the contract value.)
At least one part is unhappy. (A pool of moderators steps in and decides in favor of one of the sides based on simple majority vote.)
Both are no longer willing to work together. (The contract thus self-closes after preset amount of time and returns everything in escrow and at stake.)

The tricky one is case two since only it needs involvement of a 3rd party decision. The other outcomes can be solved by the participants themselves.

OUTCOME 1:
If both parties agree on the successful execution, 99% of the contract value in escrow goes to the freelancer. The remaining 1% is used to buy rep tokens on the free market (automatically by a smart contract) at market prices, and distribute them equally to the employer and freelancer. This gives 0.5% of the value of the contract to each side in ERT tokens.  This serves two purposes:
Gives to each participant reputation proportional to the value of the project.
Creates demand for the token. The demand for the token is necessary because this is fundamental for value, and token value is needed for this system to work. If there is no token value, the freelancer won't have anything valuable at stake, and will not have an initiative to act honestly.
Please note that in this case, the only "loss" of money compared to a case where participants don't use our system is 0.5%. The freelancer gets 99% of the contract value in ether and 0.5% in ERT tokens, which he can sell if he prefers money over reputation. So, he is 0.5% short. That is his cost to use a system where he is protected and can be found by employers.
The employer gets what is basically 0.5% cash back, but in ERT tokens. This is a slight incentive for them to use this system. Having more employers on the system is beneficial for the freelancers. This benefit might or might not outweigh the fee.

       OUTCOME 2.
            If one party is unhappy with the execution, he can open a dispute.
This action automatically opens a queue for moderators for the case. Every moderator can stake at minimum 5% reputation tokens of the predefined stake value in the job listing, and no more than 33.4%. So, effectively the employer, freelancer, and pool of moderators all have the same total reputation at stake. (Note: All moderators collectively need to have the stake amount at stake). Once enough moderators have entered the pool, so that their collectively staked ERT tokens are equal to that of the other parties, the moderation process starts. In the beginning, we will be participating in moderation as well, to ensure there are no cases with insufficient moderators. Also, 5% of the tokens that we leave for ourselves will be used for initiatives where needed, including getting moderators.
Moderator can be anyone who hold enough ERT tokens to cover the stake minimum. A stake minimum is necessary to prevent sybil attacks where someone creates lots of mods with just one ERT token each in order to dominate the moderator pool and decide in his favor. The listing creator decides how much reputation he wants at stake from the other side and the moderators pool. The minimum moderation stake is 5% from that, so the higher the stake value, the more expensive the sybil attack. The max stake of 33.4% is necessary to ensure we have at least three moderators in every case. That is needed to make the decision more objective and less likely to be manipulated.
Each moderator has a vote weight of one, regardless of how many rep tokens he stakes. If the vote was weighted proportionally to their staked rep tokens, just 2 “whale” moderators could be enough to solve any dispute.
However, what they earn from solving the dispute is proportional to their rep at stake. So, people with more rep can stake more, and naturally, can earn more since they have more at stake. This also incentivizes them to judge honestly. If they do, they gain more, and if they don’t, they lose more. On top of that, this is another initiative for people to hold tokens, since they can use them earn by moderating.
When they decide the winning side in the dispute by simple majority (51%), the rep at stake of the losing side is distributed proportionally to the moderators based on their rep at stake. Only the moderators who voted with the majority (the winning decision) get rep tokens. The mods that voted with the minority lose their stake to the winning side of the dispute. The logic is that, since they tried to rule unfairly against him, but he turned out to be right, he deserves some rep. What is fair is decided by the vote of the majority. This is necessary to give moderators an incentive to act justly.  The mods who failed to vote within the determined timeframe lose their rep at stake. This will eliminate non-active mods automatically since they will be losing their rep at stake each time until there is none left and they can't be selected for mods anymore.
In case the moderator votes are at odds, only then the system looks at the tokens behind the votes to decide the majority. We can’t simply force odd number of moderators, since some of them may fail to vote, and we still get an even number.

Any feedback is welcome, we are always looking for a way to make it better.

wow, this actually looks pretty darn good to me

What about this ICO 2.0 stuff? Anyone else doing this?

[TheNerd]

Not as far as I know.

In summary our features that make us ICO 2.0 are:

• Your funds are locked in a smart contract and only increments of 10% are released to us upon voting of the token holders
• We can't touch those funds until at least 51% of the token holders vote so
• If for some reason anyone is not happy with how we execute the project, he can start a refund voting process. If 65% of the token holders vote in favor of refund all the ramaining ether in the smart contract is refunded proportionally to the token holders

So basically you trust us only with 10% of the money upfront. But considering that we have already open source working product I think that is not much of a risk.

[WindListener]

Not as far as I know.

In summary our features that make us ICO 2.0 are:

• Your funds are locked in a smart contract and only increments of 10% are released to us upon voting of the token holders
• We can't touch those funds until at least 51% of the token holders vote so
• If for some reason anyone is not happy with how we execute the project, he can start a refund voting process. If 65% of the token holders vote in favor of refund all the ramaining ether in the smart contract is refunded proportionally to the token holders

So basically you trust us only with 10% of the money upfront. But considering that we have already open source working product I think that is not much of a risk.

Interesting. And how do the token holders vote? Techinically?

[FruitAvenger]

This is a promising project! ICO 2.0, great idea! So many ICOs are failing today just because they dont deliver product. This is the first risk free ICO I see! Its going to be in the news for sure, its the first time I see something like this
I saw that you have a lot activity on github and you have been audited by Bok Khoo, probably one of the best auditors today. When will you launch a more functional demo? And also on what exchanges are you going to be listed?

[TheNerd]

Not as far as I know.

In summary our features that make us ICO 2.0 are:

• Your funds are locked in a smart contract and only increments of 10% are released to us upon voting of the token holders
• We can't touch those funds until at least 51% of the token holders vote so
• If for some reason anyone is not happy with how we execute the project, he can start a refund voting process. If 65% of the token holders vote in favor of refund all the ramaining ether in the smart contract is refunded proportionally to the token holders

So basically you trust us only with 10% of the money upfront. But considering that we have already open source working product I think that is not much of a risk.

Interesting. And how do the token holders vote? Techinically?

They send 0 eth transaction from the ether address they use to hold the tokens. That 0 transaction has additional data though that tells the smart contract if the vote is YES or NO.
There will be detailed instructions on how to do it with the most common wallets.

The only cost to the user is the gas fee.
Also the tokens should not have been moved for a pre-defined period to avoid double voting attacks.

[Turkish88]

what previligies have freelancer in your platform ?
Will this priviligies rise ?

[mnafta]

As someone who has done freelance writing for over 8 years, I'm very excited about this project. It's very nice to know that the team also has a lot of experience with freelance platforms already.

I have a few questions, but I'll start with just one:

I've been thinking that there needs to be a "connector" coin. A coin that ensures that all coins wth synergies are working together to accelerate each other's businesses. A freelance coin like Ethearnal can market to already established communities, both as a provider of labour and as a channel to market their services.

For example, one coin has a very effective telegram bot, which has helped them grow their community to over 45,000 before presale. The code of this bot is a job that has already been done. Does Ethearnal plan to allow a sort of licensing structure for labour which just needs to be modified a little bit to be ported onwards?

I think there would be a very good market for this and people would be able to charge less for work already done, instead of hiring a firm or a person to do it from scratch. 

In summary...

What is your plan to market to established companies / coins as a sort of employer/ provider of labour? Do you have a person who is specifically responsible for networking/ outreach? If so, how has this progressed up until now? Are you able to say how many commitments you have, if any?

[TheNerd]

This is a promising project! ICO 2.0, great idea! So many ICOs are failing today just because they dont deliver product. This is the first risk free ICO I see! Its going to be in the news for sure, its the first time I see something like this
I saw that you have a lot activity on github and you have been audited by Bok Khoo, probably one of the best auditors today. When will you launch a more functional demo? And also on what exchanges are you going to be listed?

Thank you!

We are working on the product as we speak. We are adding new features to the live demo as soon as they are tested. Concurrently with that we developed the smart contracts and audited them.
As soon as the ICO is over we will be able to return the full dev power back to the product and hire more devs as well. So that's when the features will be faster to come to the demo.

I believe 2018 will be the year of starting the transition to decentralized exchanges. So any token holder will be able to list us on any of them by simply placing a maker order.
However, we will apply to most major centralized exchanges but can't tell for sure which ones will accept us. It's an overcrowded market.

[3dyx]

too many projects are basically the same. just search the user market. whether this project has an real project.

[mnafta]

too many projects are basically the same. just search the user market. whether this project has an real project.

The way I like to learn about the legs of the project is just to interact with and talk to the people involved, the foundation behind the project. Over time, it will be revealed if project has legs or not, but when you genuinely talk to the community with care about the people ,you will find out very fast as a side-effect!

With Ethearnal, I'm lucky to have met someone on the team and this helps. From our conversation, I could tell that the team puts a lot of thought into small details and is very creative within terms of marketing (particularly branding; ethearnal is an awesome name), conflict resolution and financing structure. So these are good omens, among many others.

Is there competition? Ofcourse. Is competition a bad thing? Not at all.

[TheNerd]

what previligies have freelancer in your platform ?
Will this priviligies rise ?

It's reputation based system where reputation is tokenized. You can buy reputation or earn it by completing jobs. It's a token

Idea being is that right now when someone starts fresh on a freelance platform he has no reputation and it's hard to find jobs. If you can't find jobs, you won't earn reputation. It's closed cycle that you have to break either with patience or by working way under paid.

With us, the choice is yours. You can jump start your career by buying some reputation.  Of course if it wasn't for the following, people would take advantage of that immediately to scam others. We have implemented game theory based system, where each participant stakes some of his reputation to participate in a contract. You lose your stake if you behave maliciously. In case of a dispute pool of moderators come in that have stake as well!

Basically we make it economically irrational to behave dishonestly. So rationally thinking human being would hardly find it rewarding to act dishonestly anywhere in the network.

As someone who has done freelance writing for over 8 years, I'm very excited about this project. It's very nice to know that the team also has a lot of experience with freelance platforms already.

I have a few questions, but I'll start with just one:

I've been thinking that there needs to be a "connector" coin. A coin that ensures that all coins wth synergies are working together to accelerate each other's businesses. A freelance coin like Ethearnal can market to already established communities, both as a provider of labour and as a channel to market their services.

For example, one coin has a very effective telegram bot, which has helped them grow their community to over 45,000 before presale. The code of this bot is a job that has already been done. Does Ethearnal plan to allow a sort of licensing structure for labour which just needs to be modified a little bit to be ported onwards?

I think there would be a very good market for this and people would be able to charge less for work already done, instead of hiring a firm or a person to do it from scratch. 

In summary...

What is your plan to market to established companies / coins as a sort of employer/ provider of labour? Do you have a person who is specifically responsible for networking/ outreach? If so, how has this progressed up until now? Are you able to say how many commitments you have, if any?

Great questions! I especially like it because we have already considered this!

You will be able to post hourly rate AND create gigs. Gigs will be predetermined task for fixed price. Yes like fiverr. Actually it's not a secret that one of our co-founders is one of the top sellers at fiverr for years now.

So, you will be able to both find work per hour and sell services or actually whatever as a gig.


Second part of your question. We actually have quite detailed marketing plan in the road map. Not many start-ups think about the marketing well in advance of the product but because of our experience we know this is the real game maker.

We will start very heavy and extensive marketing campaign in 2 stages as soon as we have product working well enough. Should be in the second part of 2018 if we get the funding we need.

You can check the marketing road map both on the site and in the whitepaper.

[TheNerd]

too many projects are basically the same. just search the user market. whether this project has an real project.

Yes indeed.
One of the reasons that we wouldn't launch before we have MVP (checked) and protection put in place for the buyers of the token.
We must deliver if we want another milestone based funding to be released.

[wigantara]

Hello! I am editor from icoholder.com. Your ICO was added to our listing and now is available to investors: https://icoholder.com/en/ico/ethearnal-ico-17346 You can edit your Page  by adding more information about your ICO after verification and also verify team members to improve ranking.

Great, thank you!

it sounds in verry nice, what is step next for this project so that more advanced

[TheNerd]

too many projects are basically the same. just search the user market. whether this project has an real project.

The way I like to learn about the legs of the project is just to interact with and talk to the people involved, the foundation behind the project. Over time, it will be revealed if project has legs or not, but when you genuinely talk to the community with care about the people ,you will find out very fast as a side-effect!

With Ethearnal, I'm lucky to have met someone on the team and this helps. From our conversation, I could tell that the team puts a lot of thought into small details and is very creative within terms of marketing (particularly branding; ethearnal is an awesome name), conflict resolution and financing structure. So these are good omens, among many others.

Is there competition? Ofcourse. Is competition a bad thing? Not at all.

Thank you. We appreciate it!

There is plenty of competition but it's $1.5 trillion market. We have no illusions that just one decentralized solution will rule them all. There is plenty of road for the centralised ones as well, we are in no doubt that there will be a lot of time before all people switch to decentralized solutions.
Hence we have heavy marketing roadmap and we do the ICO, so we have enough funding to ensure traction for the project after it's done.

We realize that even if the technical execution is hard enough, it is only fraction of the end game. Even the best tech is dead in the water if nobody knows about it.