Overview

  • Country Singapore, India
  • CategoryRecruitment/ Collaboration Platform

Enkidu is a blockchain based platform that helps individuals collaborate globally and perform seamless payment splitting amongst team members.

Project stage

Prototype

Detailed description

ENKIDU is a global collaboration platform where individuals can find like-minded collaborators and team up to build and launch a monetizable product or service. This happens via a trustless payment gateway. Each payment gateway has a payment splitting function that replicates a cap table.A payment gateway that obeys the rules of it's associated cap table, thereby allowing users to collaborate with each other trustlessly. 

Enkidu is a platform that makes global collaboration easy for small teams and projects looking to make passive income. With an easy to integrate payment gateway, any individual can not only find collaborators on the platform, but also engage in seamless small business building, with minimal legal and accounting overhead - the simple kinds you would face on freelance platforms like Upwork. 

Problem

  • Finding partners and collaborators
  • Setting up a joint venture is time consuming, confusing and tedious for small
  • projects
  • Expensive legal, accounting and transaction fees
  • Partner relationships see conflict as the business scales, mostly over
  • resource utilization
  • Manual payment splitting
  • Removing a partner for poor contribution/malpractice is tedious
  • Vesting terms are either arbitrary or hard to enforce

Solution

With an easy to integrate payment gateway, any individual can not only find collaborators on the platform, but also engage in seamless small business building, with minimal legal and accounting overhead - the simple kinds you would face on freelance platforms like Upwork.

All incoming payments on this gateway are split among team members, treasury, investors and bots (if any). There is no dividend system. A proprietary resolution voting system that has a private record of resolutions (action items) passed by the collaborative entity - allowing people to vote on decisions like dilution, treasury threshold, etc. A time-locked smart contract based vesting system to prevent premature rewards for collaborators. All of this done on the blockchain via programmatic smart contracts.

Unlike most other ICOs, Enkidu’s solution cannot survive without the Blockchain, making it a “Blockchain native” app. Since Avalon Labs partners with several companies across the world, Enkidu is a solution to our own problems. We’ve partnered with companies and individuals from said companies doing billions of dollars in yearly revenue, while still maintaining profit sharing partnerships with companies making less than $5,000 a year.

Features

Resolutions
Enkidu uses a proprietary “resolution” voting system that has a private record of resolutions (action items) passed by the collaborative entity - allowing people to vote on decisions like dilution, treasury threshold, etc. Unlike a full-blown DAO like Aragon, this resolution system is predefined, lightweight and built for organizations under 5 employees without the necessity for a company entity. The Enkidu payment gateway programmatically obeys the resolutions passed.

Instant Payment Split And Smart Contracts
On Enkidu, multiple collaborators can "team-up" to work on a project by signing a companyless digital contract. The payment gateway is central to the project, splitting each incoming payment to its recipients depending on that collaboration's cap table.

Smart Vesting
Passive income is every creator's dream. If you work on a small project with collaborators on Enkidu, there's a guarantee that you will continue to receive your share of each incoming payment as long as the payment gateway for the project is live and receives income. To make sure people pull their weight, a smart vesting system exists, so people will continue to receive a portion (or all) of their rewards depending on their contribution time while they were active on the project.

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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. : ENK
    • 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. :5,000,000 USD
    • 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. :1,500,000,000 ENK
    • 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. :780,000,000 ENK
    • 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. :China, India, 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. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Aug 30, 2018

    Unsold tokens

    All unsold tokens will be burnt after the token sale.

      • Token Distribution

          Vesting notes

          • Team: All the tokens reserved for the teamwill have a vesting period of 12 months
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      15 Jun 07:00 UTC
      15 Aug 07:00 UTC
      0.045 USD 10% - 25% Min 0.1 ETH Uncapped 713,000,000 ENK
      Private sale — Ended
      Start Soon
      NA No - Uncapped 60,000,000 ENK
      Pre-sale — Ended
      17 Mar 00:00 UTC
      26 Mar 01:00 UTC
      0.037 USD 40% Min 0.1 ETH Uncapped 225,000,000 ENK
      Public sale
      • Crowdsale tier 1 (428M tokens): 25%
      • Crowdsale tier 2 (178M tokens): 15%
      • Crowdsale tier 3 (107M tokens): 10%
      Read more about vesting and bonus
      • Team

        • Varun Mayya photo
          Varun Mayya
          CEO
        • Shashank Udupa photo
          Shashank Udupa
          COO
        • Abhinav Arora photo
          Abhinav Arora
          CMO
        • Tejas Tholpadi photo
          Tejas Tholpadi
          Blockchain Developer
        • Simon Emil Bierling photo
          Simon Emil Bierling
          Community & Growth
        • Divyashish Jindal photo
          Divyashish Jindal
          Blockchain Security
        • Anindya Chanda photo
          Anindya Chanda
          Blockchain Developer
        • Sarvpriye Soni photo
          Sarvpriye Soni
          Blockchain Developer
      • Advisors

        • Jay Smith
          CMO, Factom
        • David Drake
          Founder And Chairman, LDJ Capital
        • Giovanni Lesna
          Chief Commercial Officer, Hedge Token
        • Ian Scarffe
          ICO Advisor
        • Greg Sherwin
          VP Engineering And Information Technology, Singularity University
        • Ishay Tentser
          CEO, Initech
        • Alex Gonzalez
          Director South Region Enterprise Sales, Mongodb
        • Kunal Nandwani
          Co-founder And CEO, Hashcove Limited
        • Sumeet Maniar
          Ex-Gnosis
        • Chirdeep Chhabra
          AARC & CO
        • Anshumani Ruddra
          VP Product, Cuemath
        • Sunil Udupa
          CEO, Securens
        • Manish Gandhi
          MD, ABEC
        • Kapil Nayyar
          Director, IB advisors
        • Ravi Srivastava
          Investor, Purvi Capital
        • Ramgopal NC
          Technology Consultant, Technovations Unlimited

      Roadmap

      • Q3 2017
        • Idea Validation by several product heads, CEOs and VCs
        • Idea Validation with freelancing community (Upwork/ Truelancer)
        • Avalon Labs internal Solidity experiment created, led by CEO himself
        • Enkidu edge case experimentation
        • Onboarded Themis Associates (Sequoia Capital India's Lawyers) for collaboration edge case flowcharting
      • Q4 2017
        • "Resolutions" concept created and cross verified with offline legal JV process
        • Avalon Labs spin off and early self-funding ($50k)
        • First equity financing round from Purvi Capital, Chicago ($100k)
        • White paper research and composition
      • Q1 2018
        • Token Pre-sale
        • Token Crowdsale
        • Release of ENK tokens
      • Q2 2018
        • Product architecture
        • Releasv1.0 of Smart Contract payment split gateway
        • Core platform alpha version released
      • Q3 2018
        • v0.5 Web Platform Core released (MVP)
        • v0.5 Mobile Platform Core released (MVP)
        • v1.0 Digital Contracts system released
      • Q4 2018
        • Public Beta released
        • Fully functional resolution system, IP protection and smart vesting
        • v1.0 Graduation system released
        • v1.0 Bot investment system released
      • Q1-Q2 2019
        • v1.0 Enkidu Web, Mobile
        • Sales/Affiliate commission gateways
        • Singapore based Token Exchange (FIAT ENK)
        • Third party product and vendor integrations (ENK ENK)
        • Discussion on building a new form of blockchain governed company, termed an "Enkidu corp", in conjunction with a receptive government
        • Discussion on enabling Company to Company Joint venture via Enkidu corps

      Activity