ETHEARNAL

There is a profound shift in the labor market: many people deny traditional employment from nine to five in favor of the ever-growing "free-earning economy" -a phrase describing the bustling world of freelancers and short-term contracts. Although this transition partly reflects the breakdown of stable employment opportunities, it also shows an even greater desire for freedom and flexibility. 

Therefore, it is not surprising that freelancers are the fastest growing segment of the US workforce; in the aggregate of 57 million freelancers of the country annually contribute 1.4 trillion dollars to the economy. According to at least one study, freelancers should become the majority of the US work force in the next decade.

Of course, this trend is not limited to the United States, it is global, thanks to such websites as Upwork, TopTal and Freelancer, attracting millions of professionals from around the world. 

about Ethearnal 

Ethearnal allows companies to hire qualified and talented freelancers to work on their projects in a well-organized and secure platform. Ethearnal uses optimal functionality, a reliable smart contract, a decentralized arbitration system, and a well-designed reputation management system. 

Ethearnal presents itself as one of the first peer-to-peer freelance platforms based on blockbuster and smart contracts. In particular, it is a reputation management system that allows freelancers to monetize their reputation in the network.

Thanks to smart contracts, freelancers and employers can work on projects, knowing that there is a clear and transparent mechanism for the distribution of payments. This agreement is supported by a network of moderators who have a built-in incentive to resolve any problems between the two sides. 

Since he works for the blockbuster, Ethearnal is trying to bypass third-party websites that receive huge fees for connecting freelancers and employers.

The

Ethearnal token is developing a ERC-20-compatible token called ERT, which will link freelancers to employers through a smart contract. The platform that links these stakeholders will provide all the bells and whistles offered by current freelance websites, with the additional advantages of lower costs, the distribution of profits and the opportunities for moderators to resolve disputes for a fee. 

According to the technical document, the sale of the token offers an hourly capitalization to give more investors the opportunity to own ERT. In other words, Ethearnal plans to increase the hourly limit of the ICO at regular intervals until the crowdraise ends. 

Public ICO is scheduled to begin on February 28. 

Command

Ethearnal is run by co-founders Stanislav Uzunchev and Vladimir Vladimirov, who have a joint 28-year experience in the online business. The team also employs three developers and three additional auditors of smart contracts. 

The staff behind Ethearnal seem more than capable of implementing the project. 

Conclusion

If time is everything, Ethearnal will benefit greatly from the growing shift towards a free-ear economy. The concept of tokenization of reputation will also appeal to freelancers who are constantly trying to promote their competitive advantages.

Where Ethearnal can really be valuable, it is the elimination of the excessive fees that are being tied up by the community of freelancers. Although platforms such as Upwork have implemented a rolling scale of contributions, freelancers who are not entitled to the lowest payment are selling more than 20% of the value of their contract. 

Recently, the platform announced that a 20% fee will apply to the first 500 dollars that the freelancer receives from its client. Then it drops to 10% from $ 500 to $ 10,000, before dropping to 5% for all remaining accounts. 

Risks

The document does not contain much information about the business, it clearly states that the platform does not intend to earn money after the ICO. Holders of tokens should expect to profit from the platform, but it is not entirely clear how it looks. You might think that these details will be indicated in the technical document. The only tangible information about profits is contained in the section, which refers to the receipt of money as a moderator. 

· Naturally, Ethearnal has many competitors from third-party websites, as well as other projects on the blockbuster. There are several freelance projects, including Blocklancer, FreelancerCoin, Coinlancer and Native Currency.

· The project has an aggressive roadmap with milestones planned for each quarter until 2019. This can be problematic in terms of implementation, because Ethearnal provides the holders of the tokens with the right to vote in the distribution of funds. 

Growth potential

· The economy of freelancers is absolutely massive, and more and more professionals are slowly moving out of the office. Ethearnal is potentially on the verge of this exponential growth. And since all platforms of freelancers depend to a certain extent on reputation, the company correctly engages in marketing through the slogan "Tokenized reputation".

· As stated in the statement, the Ethearnal platform is considering a zero to 1% fee, which "returns to the system to support the right initiatives." If it is possible, it will easily become one of the most competitive platforms for freelancers. 

· The smart contract system is brilliant for freelancers and employers, because it provides reliable funding and a pre-determined term for the performance of the contract. If any industry can really benefit from additional transparency with respect to payment, it is definitely the economy of free earnings (every freelancer who reads this has been burned at least once).

· The "ICO 2.0" model on the platform reflects Vitalik Buterin's recently announced DAICO concept, which provides broad transparency and accountability. After the sale of the token, only 10% of the funds will be available to the Ethearnal team. The rest will remain locked in escrow until the company can convince the holders of the tokens that it fulfills its promises. This should ease concerns about the distribution of funding after the ICO

Information on investments

Platform: Ethereum 

Symbol: ERT 

Advance sale: continues 

Token sales: February 27 - March 31, 2018 

Total number of tokens: 40 million 

Tokens available for sale: 30 million 

Hard disk: 30,000 ETH 

Price: 1,000 ERT = 1 ETH 

Accepted Payments: ETH

Official Links

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