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Ethearnal Rep Token
ERT
Ethearnal is a peer-to-peer (P2P) freelance system, in which employers and freelancers meet, enter into trustless smart contracts with reputation and money in escrow, and take advantage of a decentralized system of moderators if needed.
Total supply:
736 299 ERT
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Ethearnal Rep Token price

- Last price:
1 ERT =
0.0000%
0.00000000 BTC
Market cap
Volume 24h
Minimal price for 24h
Maximum price for 24h
Statistic
Ethearnal Rep Token course
Ethearnal Rep Token course in BTC
0.00000000 BTC
Market capitalization
Trade volume 24h
Minimal price for 24h
Maximum price for 24h
Market cap rank
#2501
Absolute maximum
Absolute maximum date
From absolute maximum
0.00%
1d Volatility
0.00%
7d Volatility
0.00%
Changes for 24h
0.0000%
Changes for 7d
0.0000%
Changes for 14d
0.0000%
Changes for 30d
0.0000%
Changes for 60d
0.0000%
Changes for 1y
0.0000%
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About Ethearnal Rep Token (ERT)
Ethearnal is a peer-to-peer (P2P) freelance system, in which employers and freelancers meet, enter into trustless smart contracts with reputation and money in escrow, and take advantage of a decentralized system of moderators if needed. We collide reputation and economic initiatives into one by tokenizing reputation and giving it value . All parties, moderators included, have strong and aligned initiatives to act honestly, since everyone has something of value at stake and something to gain if the desired outcome is achieved.Freelancers are sorted by reputation by default. The more reputation you have, more likely to land more jobs, hence more money in your pocket.Also they need to meet the employer requirement of minimum ERT at stake in order to enter into a smart contract with him.Since the employer must stake the same amount of reputation tokens as the freelancer, every employer needs them to hire reputable people.Moderators must stake tokens to solve disputes. Every moderator can more than double the staked tokens for each dispute he solves successfully. People that want to work as moderators will buy tokens to start their career.When a contract has finished without the need of arbitrage, the system uses 1% of the contract worth to buy ERT tokens on the free market to reward the employer and freelancer with 0.5% each. That way, they receive reputation proportional to the contract value, creating demand for the token and indirectly benefiting the token holders by appreciating its value.When the contract completes via a dispute, no new reputation is bought. The already staked one by all participants is re-distributed in a clever way using game theory principles. In this case, the 1% deducted from the contract value is distributed among all token holders proportionally in ether directly! You earn ether just for holding tokens. The token must have value for the whole system to work. That’s why it’s only fair if we reward the people that help support that value.
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