ETHEARNAL: Start Your Freelancing Career without paying high Commission fees

INTRODUCTION
According a study, the gig economy represents approximately 36% of the U.S. workforce and an astounding 1.4 Trillion in earnings to the economy. The same study estimates that the majority of the U.S. workforce will be categorized as freelance around 2027.

Put simply, the U.S. workforce is transforming and the freelance market is booming.

This transformation is an opportunity for start-ups companies to assist, support and disrupt the current freelance market. One of these companies that wants to disrupt the freelance market is Ethearnal.

Ethearnal is a decentralized freelance system that runs on blockchain that makes peer-to-peer transactions possible. The system consists of three main players or parties: Freelancers/Employers/Moderators. Blockchain smart contract technology binds these types parties by tokenizing economic and reputation initiatives. On Ethearnal, economic and reputational initiatives are the same. As a result, all parties, have strong and aligned initiatives to act honestly, since everyone has something of value at stake, as well as something to gain if the desired outcome is achieved. Ethearnal applies game theory for dispute resolutions based on the principle that the majority is always right.

In sum, Ethearnal is a well-balanced freelance system where all parties and transact and use moderators in the rare case when disputes arise.

SOLUTION OFFERED

ETHEARNAL is offering a decentralised Peer to Peer freelancer platform for the business and freelancers across the world. The freelancer can choose to directly engage with the client without any intermediary. Freelancers and Clients enter into the Smart contract based deal where the pre-agreed amount is deposited in the Escrow. Clients can find their suitable freelancers using the listings which are released by the freelancers.

ETHEARNAL Reputation Token can be earned by buying it in the market or completing the job on the platform. The concept of a moderator is introduced by the Platform for dispute resolution between the clients and freelancers. Anyone can be the moderator with the required amount of ERT Tokens but everyone carries an equal voting strength of one in the system. Overall, they have presented a sustainable P2P based freelancing model which can hugely reduce the current weaknesses of the market.

ICO DETAILS
ICO 2.0 Model
Ethearnal will adopt an ICO model that is similar to Vitalik Buterin’s DAICO concept where Decentralized Autonomous Organization (DAO) elements are brought into an ICO including the ability to leverage crowd wisdom, the distrust of centralized teams, and the ability to spread funding over time.

DAICO model.PNG

As such, 10% of the funds will be accessible to the Ethearnal team at a time, while the remaining funds will be locked in escrow until the company can completes the next phase. As Ethearnal team completes a development phase they will ask the ERT token holders to vote on unlocking the next 10%.

This model improves transparency and eliminates the risk that ICO resources are improperly used or used for personal gain.

ICO Dynamic CAP to Spread the Tokens As Widely As Possible
Ethearnal will also implement a dynamic cap method to distribute tokens as widely as possible so the bulk of them will not end up with a small group of people and allow smaller investors the opportunity to invest in Ethearnal.

This will work by setting a cap for each round and raising the cap each subsequent round. While a big investor can generate any number of addresses, they likely won’t want to incur the huge fees for each. Ethearnal will start with a $1000 cap and increase the cap amount by $1000 each hour. Each new hour a previous address is allowed to participate again.

Ethearnal believes that the above method will level the playing field without having to implement an invasive bureaucracy.

CONCLUSION

Challenges in the life demand solutions and I think Innovators, Independent thinkers, Inventors and freelancers are a few of them. Those who choose to fight and change. They work to achieve their Goal. The rise in the outsourcing of the work began in search of cost optimization meetings, I think. Some manager would have liked the idea since it saves their time and money.

People working as a freelancer do lead a slightly different work life than professional working for a firm. According to an estimate, total identifiable freelancers working in India, USA and Europe is 77 million.

The market will grow as the technology, trust and transparency improve. The market size is estimated to be over a trillion dollars for the freelancing/gig industry based in the USA and Canada. People in the developed countries have been leading the march in the freelancing world as the companies have been more accepting of the term and nature of the freelancing. According to the report by the Forbes, 35 % of the American workforce consists of freelancers in 2016.

According to a 2014 survey, the breakdown of the kind of freelancing jobs available in the market revealed that Technology Jobs is leading the market along with admin support and writing and translation at the second and third position respectively. North America leads in the Global distribution of the number of freelancers while Europe and Asia are at the second and third position respectively.

The world is getting closer than ever and people will be more dependent on the digital technology solutions in the future. The ETHEARNAL is a perfect opportunity for the freelancers and companies to start their business.

To know more visit:

Website : https://ethearnal.com/

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

Btalk profile: https://bitcointalk.org/index.php?action=profile;u=299304