Ethearnal ICO

We are the first ICO 2.0, AKA #DAICO!

The token holders remain in control of the team spending!

Only 10% of the collected funds are released to us upon completion of the ICO. The other 90% and the founders’ tokens remain locked in the smart contract. We keep the community constantly updated on our progress, when we need more funds released we initiate a voting process.

Every token holder can vote proportionally to his tokens by sending a simple transaction to the smart contract, if we should get another round of funding. If 51% vote no, we don’t get anything and continue working until the token holders are satisfied enough to vote yes the next time we initiate a voting process. Our smart contracts are public and everyone with the skills can verify the above.

Every token holder can start a refund process!

At any time, anyone holding at least 1 ERT token can initiate a refund voting process by sending a transaction to our smart contract. If 65% of the tokens vote for a refund all remaining funds are 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.

Everything we do is open source and easy to monitor. We already have minimum viable product developed with our own funding.

Dynamic hourly ICO cap.

During the first hour of our ICO, the smart contract accepts maximum of 1 ether per person. Every transaction above 1 ether will not be accepted. The second hour that cap is increased to 2 ether and so on every hour until the end of the ICO.

This makes it inefficient to have a huge gas fee to make your transaction go first and out place the smaller participants. And if for some reason your transaction didn’t get through you have a new chance every hour! That way, a whale must compete with thousands of regular participants every hour, leveling the playing field as much as possible (not bulletproof though), without an invasive and bureaucratic onboarding process.

Real token utility!

Freelancers need ERT to get more work.

Freelancers are sorted by reputation by default. The more reputation you have, more likely to land more jobs, hence more money in your pocket.

Also they need to meet the employer requirement of minimum ERT at stake in order to enter into a smart contract with him.

Employers need the token to stake when hiring.

Since the employer must stake the same amount of reputation tokens as the freelancer, every employer needs them to hire reputable people.

You need them to earn as a moderator.

Moderators must stake tokens to solve disputes. Every moderator can more than double the staked tokens for each dispute he solves successfully. People that want to work as moderators will buy tokens to start their career.

The system buys ERT on the free market!

When a contract has finished without the need of arbitrage, the system uses 1% of the contract worth to buy ERT tokens on the free market to reward the employer and freelancer with 0.5% each. That way, they receive reputation proportional to the contract value, creating demand for the token and indirectly benefiting the token holders by appreciating its value.

You earn ether just for holding them!

When the contract completes via a dispute, no new reputation is bought. The already staked one by all participants is re-distributed in a clever way using game theory principles.

In this case, the 1% deducted from the contract value is distributed among all token holders proportionally in ether directly! You earn ether just for holding tokens.

The token must have value for the whole system to work. That’s why it’s only fair if we reward the people that help support that value.