ELLCRYS
WHAT IS ELLCRYS
Ellcrys is on a mission to create a new kind of organization structure that does not only allow for trust-less, leader-less software collaboration, but one that allows open source communities create real, honest businesses that solves real-world problems.Organizations that can compete with todays centrally administered businesses in terms of efficiency, scalability and impact. To achieve these goals, we will be relying on the ecosystem that will rise to support and grow the network.
MARKETPLACE
Ellcrys marketplace is where service providers showcase and sell their products and services to Ellcrys organizations. Although, Ellcrys organizations are decentralized, they are still able to purchase services through purchase proposals that gets approved by members. All transactions will be paid using the native coin.
Some of the services to be available include but not limited to:
Web Hosting
Managed Database
Managed Marketing & Sales
Business Registration
Human Resource Management.
Reward
Current blockchain incentivise node operators through a system that rewards only the nodes that mine or forge blocks. Often, these nodes are highly specialised, efficient and outcompete less powerful nodes. This means less powerful nodes will get no reward even though they partake in ensuring the security of the system. Ellcrys is taking a different approach. We introduce Universal Node Reward, a system that ensures all node are entitled to monthly rewards based on their network availability level.
Nodes that have been active for a full month get more coin reward than nodes that have be active for lesser periods. As a network where nodes store assets belonging to repositories, it is unfair for only a handful of nodes to get coin rewards when assets are equally and immutably replicated across all nodes.
Technology ELLCRYS
We are building a blockchain capable of storing git objects belonging to a project. We are actively working and researching on various concepts and technologies to ensure the Ellcrys platform is capable of handling thousands of transactions per second.
CONSENSUS ALGORITHM
The Ellcrys blockchain will rely on a Proof of Stake based consensus method. Delegated Proof of State is one of the variations of PoS we are implementing.
OBJECT STORAGE
Git objects will be immutably stored on the Interplanetary File System (IPFS).
SHARDING
The Ellcrys blockchain will be a multi-chain network capable of handling thousands of transactions concurrently on sub-blockchains.
SMART CONTRACT
While the Ellcrys network is not primarily a smart contract platform, it will be able to run smart contract applications written in established languages.
Token
Private Sale
TOTAL SUPPLY: 300,000,000
PRICE/ELL: $0.05
BONUS: up to 10%
START DATE: 24th Dec, 2017
END DATE: 24th Jan, 2018 ONGOING T
PRE-SALE
TOTAL SUPPLY: 800,000,000
PRICE/ELL: $0.1
BONUS: up to 35%
START DATE: 1st Feb, 2018
END DATE: 1st Mar, 2018
ICO
TOTAL SUPPLY: 900,000,000
PRICE/ELL: $0.35
BONUS: up to 35%
START DATE: 30th Mar, 2018
END DATE: 30th Apr, 2018
Team
Kennedy Idialu > CEO/Cofounder Software Engineer
Odion Olumhense> COO/Cofounder Project Manager
Usman Amusat> Design & User Experience
Dave Ozoalor> Software Engineer
Damilare Akinlaja> Software Engineer
Elvis Chidera> Software Engineer
Larry Eliemenye> Software Enginee
Let’s join these ICO people, it has a potential future, they have a clear document and road map.
WEB SITE: https://ellcrys.co/
WHITEPAPER: https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2572024.0