Ethearnal ICO

Summary

Mainly, Ethearnal is a good ICO that plans to disrupt the freelance industry. However, we’ll have to see how it expands itself as a platform and a network before we see any noticeable differences. Still, it has a great idea, and we can’t wait to see how it will unfold in the years to come.

Positives
Affordable: Ethearnal has the lowest rates in the world with 0-1% fee per transaction. This gives the developers zero profit as a result.
Trustless: Each of the agreements are made in Ethereum smart contracts where everything must be adhered to.
Decentralized Moderation: Ethearnal has a large pool of moderators that are incentivized to act honestly.

Negatives
Limited Whitepaper: Users were not fond of its Whitepaper because it showed no form of financial explanation.
Questioned Legality: While it’s accessible in Hong Kong, we don’t know if this ICO will be accepted in countries in Europe or the US.

The project lacks financial projections, it’s almost impossible to evaluate its potential after ICO. There is no competitive analysis either, but the market is saturated and the strategy of “standing out from the crowd” is required. The team also needs strengthening.

The product targets the market with stable growth trends - the demand for new ways of organizing working processes will spread. The project gained strong coverage in relevant media.

The freelance is getting more and more popularity every day and that is a worldwide tendency. Yet the participants of this area make many common problems repetitively.
In case Ethearnal will accomplish its proclaimed goals that can be a project that worth attention and investments. At the moment, there is no confidence in its success.

Ethearnal is a freelancing platform that aims to disrupt today’s freelancing ecosystem. Today, millions of people work as freelancers worldwide. The US workforce is estimated to consist of 35% freelancers. However, these freelancers lack a good, modern solution for connecting to clients. Today’s freelancing platforms charge fees of 10% to 30%. They also have centralized dispute resolution mechanisms – many of which favor the buyer over the seller.

That’s where Ethearnal sees an opportunity. Ethearnal uses Ethereum smart contracts and Ethearnal Reputation Tokens (ERT) to create a safe ecosystem for freelancers and clients. The platform has a built-in dispute resolution mechanism where moderators are incentivized to side with the majority.