1. What is Ethearnal?

Ethearnal is peer-to-peer (P2P) freelance system, in which employers and freelancers meet, enter into trustless smart contracts with reputation and money in escrow¹ , and take advantage of a decentralized system of moderators, if needed. They collide reputation and economic initiatives into one by tokenizing reputation and giving it value. Thus, all parties, moderators included, 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.

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2.How it works?

For FreeLancer:- Freelancers can create listings presenting their services and push them on the network using a web client. On the backend, Ethearnal use IPFS (interplanetary file system) to keep and distribute their listings on a peer-to-peer basis. No servers needed.
For Employers:- Employers can search all of the listings from the same web client, or publish their own offers searchable by the freelancers.

Once they find each other, they enter into a smart contract where:-
-> The employer has the contract value locked in smart contract-based escrow.
-> Pre-agreed amount of reputation tokens are staked from each side. Each listing has a predefined amount of reputation tokens that needs to be staked in order to enter into smart contract based agreement with. The listing creator sets that value. Both sides have to stake the same amount.
-> Predefined timeframe upon which if none of the following outcomes have been met, it self-releases everything back. That is just a safeguard to prevent funds from being indefinitely locked.

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3. What are ERT Tokens?

Ethernal Reputaion Tokens these token act like a share in ethearnal system. Freelancers need reputation token to get more work. Employers need the token to stake when hiring. Moderators need to stake tokens to solve disputes.

ETHEARNAL REPUTATION TOKENS (ERT) CAN BE EARNED IN TWO WAYS:-

1. Directly buying them on the free market.
2. Taking jobs on the network and being rewarded reputation tokens upon successful completion.
3. Working as a moderator.

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Live sites looks like this:-

1. Escrow = An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. Here escrow is Smart Contract. Code is Law.

Facts Time :-

1.Freelancers now make up 35% of U.S. workers and collectively earned $1 trillion in the past year, according to the “Freelancing in America: 2016”.

2. 77 million free lancers globally.

3. $1.5 trillion based on the US and Canada accounting for over half of global distribution of freelancers.

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