Kennedy IdialuICO team member replied on 17 Jan 2018
> Whitepaper isn't actually a whitepaper at all. It is in fact a ppt presentation.
Please take a look at the technical paper. https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper-Technical.pdf. The ppt version is designed to give users a simple overview of the project.
> Platform does not become functional until Q4 2018.
I think it is a reasonable time to develop the first blockchain for software collaboration where we are working on a number of interesting concepts like stackmint, sharding, git decentralization, quantum token signature money, smart contracts and more. We are spending time researching, consulting, developing and testing. We will not compromise on the quality of the project and security.
> Best estimate according to info $400mil usd hardcap? no chance...
Please take a look at https://token.ellcrys.co for updated information.
> too narrow of an adoption demographic for this to be a good investment.
This is not true. Take a look at the most recent Github statistics:
- Total users: 24 million
- Total Organizations: 1.5 million
- Number of Repositories: 67 million
These numbers tells us that developers are constantly using Github to collaborate. Now, Ellcrys as a decentralized alternative will include most of the features provided by Github and will attract a good number of these users who care about openness, decentralization and governance. We also give them the ability to move beyond build software, but services. There is no where developers are able to build services while remaining leaderless and decentralized.
Demand for tokens will be driven by:
1. Developers paying transaction fees to interact with repositories.
2. Developers charging fees for access to user-facing or enterprise services.
3. Outsourcing firms paying fees for tasks completed by developers.
4. Regular p2p transactions.
An idea of possible token demand scale, Github received about 1 billion commits in 2017. Now if that were to be on Ellcrys, each commit requires a small fee which must be paid to prevent abuse. Demand is great for investors.
Furthermore, an Ellcrys organization can easily build a software/service that could attract millions of users who may be required to deposit the tokens before they gain full access. This is also demand for the native token.
Please take a look at the technical paper. https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper-Technical.pdf. The ppt version is designed to give users a simple overview of the project.
> Platform does not become functional until Q4 2018.
I think it is a reasonable time to develop the first blockchain for software collaboration where we are working on a number of interesting concepts like stackmint, sharding, git decentralization, quantum token signature money, smart contracts and more. We are spending time researching, consulting, developing and testing. We will not compromise on the quality of the project and security.
> Best estimate according to info $400mil usd hardcap? no chance...
Please take a look at https://token.ellcrys.co for updated information.
> too narrow of an adoption demographic for this to be a good investment.
This is not true. Take a look at the most recent Github statistics:
- Total users: 24 million
- Total Organizations: 1.5 million
- Number of Repositories: 67 million
These numbers tells us that developers are constantly using Github to collaborate. Now, Ellcrys as a decentralized alternative will include most of the features provided by Github and will attract a good number of these users who care about openness, decentralization and governance. We also give them the ability to move beyond build software, but services. There is no where developers are able to build services while remaining leaderless and decentralized.
Demand for tokens will be driven by:
1. Developers paying transaction fees to interact with repositories.
2. Developers charging fees for access to user-facing or enterprise services.
3. Outsourcing firms paying fees for tasks completed by developers.
4. Regular p2p transactions.
An idea of possible token demand scale, Github received about 1 billion commits in 2017. Now if that were to be on Ellcrys, each commit requires a small fee which must be paid to prevent abuse. Demand is great for investors.
Furthermore, an Ellcrys organization can easily build a software/service that could attract millions of users who may be required to deposit the tokens before they gain full access. This is also demand for the native token.
