Ethearnal

 March, 30 2018

Ethearnal  

The Decentralized Freelance Network

What is Ethearnal?

Ethearnal  is a 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. All parties, moderators included, have strong and aligned initiatives to act honestly, since everyone has something of value at stake and something to gain if the desired outcome is achieved.c

Ethearnal works by having freelancers post listings of their services and uses a web client to place them on a network. This is different than traditional freelance sites because there are no servers required. The web client doesn’t have to remain permanently online since the offer is accessible and stored in the cloud

Ethearnal’s Solution Overview

Here is a list explaining Ethearnal’s solution to the problem that’s currently faced within the freelancing industry.

• The employer uses a smart contract that has a predetermined value on it.
• There is a pre-agreement where both employer and freelancer stakes reputation tokens on each side. Both sides must stake the same amount of tokens so that it remains balanced and both parties know what they are staking during the process.
• The timeframe that’s determined so that if both parties don’t follow through, each of their reputation tokens is self-released back to them. This stops the funds from becoming completely locked.

What Issues Are Present?

The freelance market is a global industry that has gained over $1 trillion in the past year. About 35% of the workers in the US use freelancing as a way to obtain money without the issues of commuting daily to a job.

While the freelance industry has gained a lot of revenue, there are still some issues that it needs to tackle. For instance, disputes often occur between clients and the freelancers (i.e., complicated design projects).

• There are limited ways to receive funding. This can be detrimental in some developing economies.
• Disputes aren’t objective because they are only solved through one entity.
• Your funds aren’t released immediately by current freelancing platforms.
• 10% – 30% of the job’s value goes to the job immediary.

Token Sale Information

• Token Sale; February 28th, 2018 – March 31st 2018
• Max Token Supply: 40,000,000
• 1 ETH = 1,000 ERT Token
• Available Tokens: 30,000,000
• P2P Freelancing System
• Website: https://ethearnal.com/
• Whitepaper:https://ethearnal.com/ethearnal-whitepaper.pdf

Disclaimer: This post is for educational reasons only. Invest in your own risk and speak to an adviser before doing so.

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.

More Innformation, Please visit :

Website: https://ethearnal.com/

Whitepaper: https://ethearnal.com/ethearnal-whitepaper.pdf

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