Overview

Ellcrys is a blockchain that allows people around the world to build open, community-owned software products and democratic internet organizations.

Project stage

Prototype

Detailed description

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.

Problem

Current web service providers limit organization accounts to only support single owner/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 there 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.

Solution

On Ellcrys, a git repository is the center of all collaborative endeavours. It is an organization. By default, it is multiowned, meaning there is no owner, no leader, no need for trust and no headquarter.

Anyone can fetch its content, push contributions, verify and vote for pull requests and other proposals. A repository can receive payment for service offered or a donation. Contributors can collectively decide a revenue sharing and management model unique to a repository. 

Features

  • Users can create censorshipresistant and highly available git repositories. 
  • Native coin reward for collaboration when pull requests are accepted.
  • Revenue generation model for maintainers and individual developers via paid branches, paid issues and paid tasks.
  • Colony is predominantly finance and government centric. No way to measure effort. Ellcrys is firstly effortcentric. Effort is measurable and trackable via pull requests.
  • Assembly had too much control over a project’s decisions, assets and other processes. Ellcrys completely democratises ownership and governance.
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : ELL
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 30,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :10,000,000,000 ELL
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :2,000,000,000 ELL
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      ICO — Soon
      Start Soon
      0.1 USD 5% - 30% Min 0.1 ETH Uncapped Uncapped
      Pre-Sale — Ended
      01 Feb 12:00 UTC
      01 Mar 12:00 UTC
      0.08 USD 5% - 30% Min 0.1 ETH 1,000,000 USD 30,000,000 USD
      Private Sale — Ended
      24 Dec 12:00 UTC
      24 Jan 12:00 UTC
      0.05 USD 15% Min 0.2 ETH 50,000,000 ELL Uncapped
      ICO

      Week 1: Contribution Bonus of 30%; 

      Week 2: Contribution Bonus of 20%; 

      Week 3: Contribution Bonus of 10%; 

      Week 4-8: Contribution Bonus of 5%;

      Pre-Sale

      Week 1: 30% 

      Week 2: 20% 

      Week 3: 10% 

      Week 4: 5%

      Read more about vesting and bonus
      • Team

        • Kennedy Idialu photo
          Kennedy Idialu
          CEO/Co-founder / Software Engineer
        • Odion Olumhense photo
          Odion Olumhense
          COO / Co-founder / Project Manager
        • Usman Amusat photo
          Usman Amusat
          Design & User Experience
        • Dave Ozoalor photo
          Dave Ozoalor
          Software Engineer
        • Damilare  Akinlaja photo
          Damilare Akinlaja
          Software Engineer
        • Elvis Chidera photo
          Elvis Chidera
          Software Engineer
        • Larry Eliemenye photo
          Larry Eliemenye
          Software Engineer
      • Advisors

        • Victor Asemota
          Co-Founder, Director at SwiftaCorp
        • Emeka Okoye
          Senior Semantic Web Architect at Cymantiks
        • Lanre Oyedotun
          Co-Founder/CEO at Delivery Science Inc
        • Chuka Ofili
          Co-Founder, Chief Enterprise Architect at
        • Ebot Tabi
          Senior Technical Consultant at Andela

      Roadmap

      • Q1 2017
        • Idea
        • Market Research
        • Began Centralized Prototype Dev
      • Q2 2017
        • Halted Centralized Prototype Dev
        • Project Announced
        • First Whitepaper Release
      • Q4 2017
        • New Website Launched
        • Second Whitepaper Release
      • Q1 2018
        • Pre-Sale (February - March)
        • ICO (Postponed)
        • Further Hiring
      • Q2 2018

        ERC20 Token Distribution (Postponed)

      • Q4 2018
        • Test Network
        • Main Network (Alpha)
      • Q2 2019
        • Main Network (Beta)
        • Token Swap
        • StackMint: ML Model Bounty Launch
      • Q3 2019

        Cloud Services: Partnership Announcements

      • Q4 2019
        • Polyglot Application Platform
        • Ellcrys Marketplace
        • Network Upgrade: StackMint

      Activity