Alternative protocol for running decentralized organizations and building decentralized applications

Review for EtherInc ICO

Idea & Token

Creating and managing an organization can be very complicated with a mass of paperwork, bank visits, legal complexities, fees and unnecessary intermediaries and third parties. EtherInc is going to break these artificial borders and eliminate restrictions by creating a blockchain platform for decentralized organizations and apps. Entrepreneurs and developers around the world will be able to join the platform and create, manage and operate decentralized democratic organizations and apps.
EtherInc is aiming to solve some of the current Ethereum problems such as slow transactions, but being a fork of Ethereum, it allows DApp running on Ethereum to be run on EtherInc. They will allow millions of startups around the globe that are restricted to run on a particular area to be run on the platform. The reasons for these startups could be different, for instance country-specific regulations, high prices, restriction fees, conflict resolutions, difficulties in establishing new partnerships, etc.
Their token called ETI will have the same function as ETH has in Ethereum. A total supply is 997,528,142 tokens. The token distribution is as follows: 45,11% – sale, 15,04% – community, 10,02% – partnerships, 10,02% – startups, 10,02% – future development, 9,78% – Ethereum holders.

Team

The team consists of 8 specialists bringing their experience at business development, software development, blockchain development, design, and marketing. EtherInc’s CEO Tarun Malik is an entrepreneur, professional in commercial world, previously worked at PwC, SwissRe, Johnson & Johnson, Biogen, and other multinational organizations. The team is supported by 8 advisors most of which are professionals in blockchain, crypto world, finance, and other spheres, some of them participated in a number of successful ICOs.

Summary

EtherInc is a project inviting entrepreneurs and developers all over the world to create startups on the EtherInc blockchain which is already launched. This approach has a number of obvious advantages simplifying the entire process. Moreover, the existing DApps on Ethereum can easily be moved to the platform as well. The team is excellent which is proved with the existing MVP. As a disadvantage we can note an unclear situation with engaging startups to the platform. Will it become a really popular solution? It’s still to be answered.

A true blockchain project chasing a real practical results and not only ICO itself. Deserves to look closely at.

Average rates for the project

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4.5 / 5
Rating
4.4
Team
4.6
Vision
4.1
Product
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4.1 / 5
Rating
4
Team
4.3
Vision
4.4
Product
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4.5
Potential
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8.5 / 10
Rating
10
Team
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8.3
Product
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8.8
Finance
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4.3 / 5
Rating
4.5
Team
4.5
Vision
4.2
Product
-
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4.5
Potential
4.4
Finance

EtherInc ICO datesexport to calend


Whitelist
12.11.2018
12.11.2018
KYC
12.11.2018
12.11.2018
PreICO
12.11.2018
12.11.2018
PreSALE
12.11.2018
12.11.2018
ICO
12.11.2018
12.11.2018
12.11.2018
12.11.2018
12.11.2018
PreICO
Jun. 7, 2018 — Jun. 15, 2018
ICO
Jul. 15, 2018 — Jul. 25, 2018

Funding

Hard cap
$ 22.000.000
Price on ICO, usd
$ 0.1

About EtherInc

The intent of EtherInc is to create an alternative protocol for running decentralized organizations and building decentralized applications, providing a different set of trade-offs that we believe will be very useful for a large class of decentralized applications, with particular emphasis on situations where rapid development time, security for small and rarely used applications, and the ability of different applications to very efficiently interact, are important. EtherInc does this by building what is essentially the ultimate abstract foundational layer: a Blockchain with a built-in Turing-complete programming language​, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats, and state transition functions. A bare-bones version of Namecoin can be developed by writing two lines of code, and other protocols like currencies and reputation systems can be built in under twenty. Smart contracts, cryptographic “boxes” that contain value and unlock only if certain conditions are met, can also be built on top of the platform, with more power than that offered by Bitcoin scripting because of the added powers of Turing-completeness, value-awareness, Blockchain-awareness, and state.