Sometime ago, I offered my service on bitcointalk.org as a full-stack web developer and a client reached out to me to design a betting site. While trying to conclude the deal, I had a pinch to research my client; lo and behold, he had several copies of dummy sites up and running. And all I could think of was, 'why waste my time'. The websites that were designed for him were not that bad... but I could tell he was choosy and for the amount he was willing to pay, it won't be worth the hustle.
There’s a new disruptive ICO in town, it’s the Ethearnal project, a gig peer-to-peer game changer platform that is set to disrupt the conventional system of job freelancing.
The market shares of this economy range in the value up north of $1.5 trillion USD. No doubt this figure has a huge impact on the global economy, as a global trade facilitation of over a trillion dollars is a plus and should not be taken for granted.
All over the internet, we see different job offers that people can do on their terms and at their convenience provided they can deliver what the client demands. This platform is ready to take this economic niche to the next level, to guide the next generation of freelancers into an ecosystem of enhanced financial liberty. Also by using ICO 2.0 features, they will r(e)volutionize coin offering events - the cherry on top.
In the past year over $3.5 billion USD has been raised using Initial Coin Offering. Howbeit, this has only been possible due to the influence of freelancers distributing their services across the globe. From technology, administrative support, content writing, multimedia presentations, communication facilitation, sales and referral programs to a whole new level of crowdfunding activities enhanced through bounty programs.
Basically, these gigs have paved the way for people to expand their financial capabilities through multitasking, diversification and diligent investment in time and internet-enabled resources.
Really, that’s all you need when it comes to internet gigs; a time investment strategy, a durable power supply and an internet-enabled device. With these items, a person can truly work from home or anywhere else of convenience and become millionaires.
Freelancers are a huge success in/to the internet industry and will continue to remain so for a long time to come. Freelancing makes internet skill acquisition worthwhile.
Another favorable reason why major companies turn to freelancing to executive certain types of jobs is that of the ease and cheap services that are offered within the industry. More so, one gets a global perspective and a competitive supply for the job offers. So ‘may the best man win’. This way companies would not need to worry about the outcome because they would expect and receive the best results anticipated.
Problems with Freelancing
As good and jolly-spirited a person new to this economy may feel, it’s not all peaches and cream. This industry also faces its own challenges that in many cases have either deterred many individuals or caused the interference of arbitration. And we all know that this system – the arbitrary system isn’t flawless, as human factors and conditions make it difficult to really benefit from a fair trial.
More so, the system of middlemanism has really brought about a distinct problem with this industry as people on either side of the gig negotiating table, have little to no idea on what’s going on on the other side.
It’s not that the centralized systems are that good, it’s just that, the current dispensation of technology – the era of the decentralized internet is way better and makes it even more autonomous, and reliable.
Other interesting challenges that are common to this sphere include changes that come up without compensation, on either side, such as changes in deadline date, modification of expected results contrary to original agreements, dissatisfaction with completed jobs which could lead to several revisions – unpaid and prolonged, payment options channels, payment fees and terms and many more major and minor problems that impede on the success of smooth internet business with regards to the gigs.
So what's Ethearnal really all about?
Ethearnal is a peer-to-peer freelance platform that encourages the listing and engagement of gig contracts through turn-key executable smart contracts, reputation systems and escrow vantages.
Smart Contract Integration
Using smart contract technology, the freelancer industry could become a lot more secure for both freelancer and employer. Smart contracts provide a way to trustlessly make and execute an agreement without anyone being able to manipulate it. Using smart contracts, workers can independently verify the contract to ensure they get paid for their work. Employers can also ensure that the people they hire produce the content they want without getting ripped off.
This is where Ethearnal looks to innovate. They’re developing a smart contract solution to the growing freelancer industry building atop the Ethereum network, and here’s how it works:
Freelancers and Employers can browse and publish listings using a web client, which in turn distributes the listing across a network of peer-to-peer nodes that keeps track of the listings. Freelancers can browse posted job listings, post individual service offerings, or even advertise work at an hourly rate. Employers can then search the listing to find the best fit for the job, or even just create their own job listing and wait to hear back from qualified freelancers looking for work.
Innovative Project and ICO
The ERT token will initially be distributed through what Ethearnal is calling “ICO 2.0”. Dubbed by Vitalik Buterin as DAICO, Ethearnal’s ICO 2.0 model is a dynamic spin on the traditional ICO that merges the best characteristics of DAOs (Decentralized Autonomous Organizations) with that of traditional ICOs.
The investors of the ICO decide when and how to distribute the money collected to the developers. Initially, the team will only receive 10% of the funds raised via ICO. The investors now have the ability to vote to release each subsequent 10% of the funds. If the investors are unhappy with the progress of the project, they can either vote to have any remaining funds refunded and end the project or they can choose to have the developers continue to work until they release a product the investors are happy with. Then, and only then, will the next 10% of funding be released to investors.
The timeline for the ICO is also a tad unique. Most ICOs do a presale and subsequent open sales, the sooner you buy in the larger token bonus you receive. Instead of having the whole lot of tokens available at once, the sale offers a dynamic hard cap that changes hour by hour.
The first hour $1000 worth of tokens will be available, with each passing hour the cap for each individual investor increases by another $1000. This means no one large investor can come in and buy up large numbers of tokens in one fell swoop. $1000 per hour means the playing field is leveled for big fish and small. The ICO is set to run from February 28 through March 31, 2018.
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