Foundation:
There are more than 77 million freelancers on global scale. Almost every company require freelancer for their work. The problem with existing platform is that many companies don’t pay deserved amount to them, on the other hand freelancer do unsatisfactory work even after getting payment and then come up again with another identity to work. In this way they secure their reputation and earn in false manners. So the society needs a secure and transparent system of freelancing network where both the employer and freelancer cannot cheat. Such security and reliability is provided by the ETHEARNAL freelancing forum.
System of freelancing:
The ultimate freelancing forum with extraordinary features. Freelancers and employers can communicate with each other. No one can cheat here because there will be something on stake from both sides so they will end up losing something instead of getting. So only serious users offer or accept a deal. The security is maintained via escrow, decentralization, smart contract and blockchain technology. Collectively, these protocols make:
How the forum works?
The forum has easy browsing. The registered users can make a gig (in case of freelancer) or post a job (in case of one who need to their work done). Both are free to communicate with each other. No one need to be online every time their public data will be stored in cloud and will be visible to everyone who uses the forum. Either freelancer can talk to them first and negotiate price for any given task or employer can directly contact to any freelancer upon watching many searchable portfolios of freelancers. When both parties agree to work with each other they make a deal, set price and time for the given task. But most importantly stake an equal amount of tokens “the stake tokens” or “reputation tokens”. These tokens are refundable only when the deal is closed successfully and freelancer also get the payment of his/her work. But in case of any dispute the tokens will be given to the right one, the decision will be taken on objective basis. Developers do not have any access to steal or charge any of the users for any reason.
Note: First charges are merely staked refundable tokens in order to reduce the risk of non-serious dealings. Second charges will be charged to post a gig or job offer similarly to make sure no fraud user post anything, however this amount will be very insignificant.
Dispute solving:
Upon fair and successful dealing when both parties are satisfied with the results (freelancers with the payments and employer with the work) 99% of the payment will be given to the freelancer (staked amount is not included because similar amount will be given to both of them which they have staked, will get back). But the rest of 1% payment will be used to purchase the token from free market given 0.5% to each of them.
However the dispute will be solved via moderator, moderator also have to stake at least 5% (of value f staked tokens on that contract) so that they also do not make decision subjectively. Moderators can be any user of the platform holding the tokens. The one who get 51% proportion of moderator will win and staked amount of second person will be distributed among moderators who have taken part in the decision. In this way the dispute is meant to be solved and token holders can also earn by making fair decisions.
Token and ICO:
The token under discussion is ERC20 based and known as ERT TOKEN. This is the utility token of the platform. Employer need them to pay the freelancers and both freelancer and employer need them to post a job or gig on forum, stake an amount during contract. The tokens are available during public sale ICO which will lasts March 31st 2018. The tokens are only formed when someone send the purchasing amount but maximum tokens will only be 40,000,000 ERT tokens. The price per ERT token is 0.001 Ether (or 1000 ERT in 1 ETH).
Every investor have complete opportunity to take part in decision making of platform’s spending. There will be voting for releasing funds, if the investor holding 51% tokens collectively vote for yes only when the funds will be released. 51% proportion is not based on number of tokens but on amount/ worth of tokens these investors own.
Purchasing is also unique which is like initially a particular investor can get tokens of worth $1000 but in next hour can buy tokens of worth $2000 and so on. So chances to get tokens will increase every hour. For further insight about the project please visit whitepaper.
