Ellcry Crypto Project

Ellcrys operator company is a decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the block chain and its own crypto currency, And the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world. And also blockchain and smart contracts serve as the way forward into the Industrial use, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more participants in a direct peer-to-peer (P2P) ecosystem. Therefore, the Ellcrys Wallet would central to every interaction in the Ellcrys ecosystem, and also be secure storage and exchange platform for both crypto currencies and fiat currencies, enabling users to deposit, hold, send, and exchange supported cryptocurrencies and fiat. Merchants can freely choose and switch between different blockchain assets for payments. Users can convert from BTC, ETH, Ellcrys and vice versa, utilise peer-to-peer transfers of data and exchanges, and pay for merchant services.

Challenge: Current web service providers limit organization accounts to only support a single owner who is granted unlimited access to add and remove users and manage the account and all resources. We see this in services like Github, Stripe, Heroku and thousands more. This kind of account or organization structure cannot work for future decentralized organizations where there may not be a single owner or leader, no trust and no headquarters.

The solution: Ellcrys 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 and Organizations that can compete with todays centrally administered businesses in terms of efficiency, scalability and impact. And therefore, Ellcrys is a blockchain that allows people around the world to build open, community-owned software products and democratic internet organizations. On Ellcrys, a git repository is the centre of all collaborative endeavours. It is an organization.

Five Reasons Why we Should Claim Ellcrys to achieve these goals, we will be relying on the ecosystem that will rise to support and grow the network:

1.Validators are network node owners who contribute computing resources to power and secure the network. In turn, they are rewarded with new coins.

2.Coin Holder / Traders: Coin holders provide the coin liquidity required for contributors and end-user to participate in Ellcrys economy. Contributors and end-users purchase coins from traders to gain access to the network.

3.BUSINESSES / SERVICE PROVIDERS Service providers provide specific services tailored for Ellcrys organizations in exchange for coins. Some examples of services include cloud hosting & database, domain purchase & management, marketing and sales etc.

4.Coin Creation and sharing After validation and acceptance of the banknote, new coins are created and shared between the owner of the banknote and the validators, the owner of the banknote keeps the largest share.

5.The contributors are people who create, manage and contribute work to a repository.

Conclusion: Ellcrys will allow all users to sharing of coin and value creation opportunities among token collectors, application developers and data users which do not exist in the current marketplace. And also, create a protocol which facilitates the monetization of data through efficient transferred by collectors, developers and users that will also allow the evaluation of data reliability and reputation over time and the users can be able to transferred date through collectors and generate products and services which could then be transferred to end users in various industries, in exchange for Ellcrys Token.

More Information Connect to Ellcrys
Website: https://ellcrys.co/
Whitepaper: https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper.pdf
Telegram: https://t.me/EllcrysHQ
Facebook: https://facebook.com/EllcrysHQ/
Twitter: https://twitter.com/EllcrysHQ

Authorized By:
Bitcointalk Username: bright4mech
Bitcointalk Profile link:
https://bitcointalk.org/index.php?action=profile;u=1298523