Ellcrys as decentralized Git repositories that are censorship resistant

Problems often faced

Current web service providers limit organization accounts to only support single owner or admin who is granted unlimited access to add and remove users and manage the account resources. We see this in services like Github, Stripe, Heroku and thousands more. This kind of account structure cannot work for future decentralized organization where is no single owner, no leader, no trust and no headquarters. Just people from all over the world working together in an open, trustless, democratic organization structure building centrally or decentrally executed software products.

What is Ellcrys ?

Ellcrys is blockchain network that will allow anyone in the world start, join or contribute to open source software products and receive compensation for their contributions. Users will be able to create decentralized Git repositories that are censorship resistant. Highly available and can be truly owned by multiple persons. Repositories can include all kinds of codes for different purposes such as web services, smart contracts, mobile apps libraries or packages, frameworks etc.

Here is a presentation on the Ellcrys project :

Why does Ellcrys sound a lot like assembly ?

Ellcrys is like the assembly project which was on a mission to bring engineers, designers and creators from all over the world to create community-owned software products. A project that was ahead of its time.

Ellcrys improves on assembly by providing an open, transparent and blockchain backed environment for building software projects.

Why a decentralized Git host. What is wrong with Github ?

Seriuosly, nothing is wrong with Github and other similar git hosting platforms. Infact, we did not set out to build a decentralized version for the sake of making them obsolete. Ellcrys aim is to enable communitis build software products transparent, hosting repositories on Github would mean we had to become brokers between Github APIs and collaborators. This approach could expose projects to censorship by Ellcrys or Github.

Open Source Software

Open source software has been instrumental to the success of many of the companies that add great value to our lives. Over 78% of companies today, use open sources. Many of them use open sources as part of a premium product while giving little or nothing back to the maintainers and community. Only a few open source projects attract corporate sponsorship and many others do not.

We believe maintainers and contributors of open source need to be properly incentivized to ensure continuous development and quality of projects. To that end, Ellcrys will allows open source projects the ability to create paid branches that attract a fee to fetch. Maintainers and contributors can benefit from paid issues created by users. Contributors will earn coins when their pull request is accepted by project's community.

Key Highlight

• Outsource work by creating small tasks and setting appropriate price to pay when completed.
• Assign roles such as project manager, system designer, programmers, designers and tests based on ranking.
• Own the interactions that happening during the development of your project which will help future contractors understand, debug and get right to work.

Who is this for ?

Individuals or businesses in need of ephemeral development team to build their software products without losing control of project source codes, communication history and bergaining power. Individual developers can earns coins when they complete work distributed by project owners.

What is task based pricing ?

Task based pricing allows projects to sub divide work into smaller tasks with varying compensation to be paid to implementers. Developers pick tasks, complete them and get paid the reward associated with the task.

Coin and StackMint

The Ellcrys native coin is known as "Ell" (plural : Ellies, symbol : ELL). There will be a total coin supply of 10.000.000.000 (Ten Billion). Ellies are distributed through a process known as StackMint. StackMint allows million of people from all parts of the world exchange their national banknotes for ELL. StackMint aims to provide a fair distribution model where everyone can constantly receive bits of Ellies without needing to purchase expensive hardware as seen in PoW systems.

How StackMint Works

What happens to my banknotes after they are scanned ?

Your banknote will be invalidated on Ellcrys. Why you will still be able to spend your physical notes as usual, you or anybody in possession of the scanned banknotes will never be able to access more value on Ellcrys.

How can I tell if a banknote has been scanned ?

You will be able to do this using any mobile wallet application that is able to access the Ellcrys network.

How much ELL will I receive for scanning my banknote ?

The amount of ELL you receive will be determined by an exchange function run by every node on the network. The function takes into account the amount, estimated number of scanners and time.

What currencies and denominations are supported ?

We will support an initial set of currencies and denominations consisting of the top 30 largest economies of the world. Subsequent network upgrades will add support for more sets of currencies.

How does Ellcrys prevent counterfeits ?

Every node on the network will include machine learning backed measures to detect invalid banknotes. Banknotes deemed valid will be sent to off-chain validators who manually validate and stake money on their results. A banknote is considered valid if majority off-chain validators approves.

Token Info

• NEXT ROUND : PRE-SALE
• NEXT ROUND STARTS : FEBRUARY 1st, 2018
• NEXT ROUND ENDS : MARCH 1st, 2018
• NEXT ROUND PRICE : $0.08 (8 cent)
• NEXT ROUND SUPPLY : 800,000,000 (800 Million)
• ICO PRICE : $0.1 (10 cent)
• ACCEPTED TOKENS : BTC & ETH

Token Details

Pre-Sale Start Date

Our Pre-Sale is scheduled to start on February 1st and will end on March 1st or whenever  the hard cap is reached. Up to 35% bonuses are available.

Whitelisting

Participation in the token sale is exclusive to registered community members. To apply, please register. Register now

Accepted Currencies

We accept both Ethereum (ETH) and Bitcoin (BTC). For the Pre-Sale, the minimum accepted contributions are 0.1 ETH or 0.005 BTC.

Hard Cap

Hard cap is set at USD 30 million. Pre-Sale will end once the hard cap is reached.

Token Issuance

Total coin supply is 10,000,000,000. 20% is allocated for all public sale phases. Tokens will be distributed to contributors after the ICO on the Ethereum blockchain.

Token Price

The Pre-Sale price of the Ellcrys token (Ell) is set at $0.08.

Referral Program

Our referral program has commenced! When you use your assigned referral link to sign new users to Ellcrys website, you and the new users get rewared as follows:

• 5% of all tokens purchased by the user you referred.
• 1% more tokens are allocated to each user you refer

Round Token

December 24th, 2017

Private Sale Closed : 300,000,000 (15%)

• Reserved for early project supports and partners.
• Used to forge strategic partnerships & commitment
• Locked for 6 months.
• Up to 15% Bonus.
• Available to any individual able to make a minimum contribution of 0.2 ETH or 0.007 BTC.
• Ends on January 24th, 2018
• Reached soft cap. of 50 000 000 ELL

February 1st, 2018

PRESALE $0.08 / ELL : 800,000,000 (40%)

• Funds raised will be used to immediately begin the development of the Ellcrys platform. Funds will be spent on payroll, research, consulting, legal and marketing.
• Minimum Contribution Cap: 0.1 ETH or 0.005 BTC
• Up to 35% Bonus.
• Soft Cap: $1 Million
• Hard Cap: $30 Million
• Ends on March 1st, 2018

March 30th, 2018

ICO $0.1 / ELL : 900,000,000 (45%)

• Development and launch of Heroku-like PaaS for Ellcrys developers.
• Team enlargement.
• Organization of sponsored events to introduce Ellcrys to developers and future partners.
• Proactive marketing of the Ellcrys platform.
• Investment fund for investing in official and third-party projects to grow the Ellcrys ecosystem.
• Minimum Contribution Cap: 0.1 ETH or 0.005 BTC.
• Up to 35% Bonus.
• Soft Cap: $5 Million
• Hard Cap: $55 Million
• Tokens not sold will not be created
• Ends on April 30th, 2018

Roadmap

Core Team

For more information, you can visit our site as follows :

• Website : https://ellcrys.co/
• Report : https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper.pdf
• Facebook : https://facebook.com/EllcrysHQ
• Twitter : https://twitter.com/EllcrysHQ
• Telegram : https://t.me/EllcrysHQ
• Github : https://github.com/ellcrys
• ANN Thread : https://bitcointalk.org/index.php?topic=2603585.0

Posted by Dico88