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. All incoming payments on this gateway are split amongst 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.
Enkidu offers a global collaboration platform where individuals can find like-minded collaborators - designers, engineers, developers, creators, e-commerce experts, content writers, small ticket investors and even coffee brewers. All of this on a public platform with each individual carrying a rating.
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.
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.
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.
DOMAIN ESCROWS
Enkidu has a game changing mechanism that prevents treasury and IP abuse with Enkidu holding the collaboration domain name in escrow. Like holding the keys to a store in the offline world, Enkidu creates a trustless environment because of the platform's ability to hold the domain name in escrow until transferred.
SALES/AFFILIATE/BRANCH COMISSIONS
Enkidu projects can have multiple payment gateways, each with different payment splitting rules (to facilitate different reward cap tables for different "branches" of a project and to enable sales and affiliate commissions).
INVEST WITH BOTS!
Enkidu allows all types of businesses with products or services to make investmentswith their tool or service and enter payment split agreements. Eg: A collaboration that uses a CRM tool could choose to pay the CRM tool in a share of payments instead of cash if mutually decided beforehand.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Blockchain Enthusiast and Advisor Rated on Feb 23, 2018
4
4
4
5%
This rating's weight is reduced by 50% as there is no review added.
Shashank UdupaICO team member replied on 12 Mar 2018
Hey Igor
Our Enkidu Alpha 0.2 is now live, try it out at https://alpha.enkidu.io
We have rolled the Alpha 6 months before schedule and we are constantly working on updates to improve.
Blockchain Technology Consultant Rated on Mar 2, 2018
4
4
4
5%
This rating's weight is reduced by 50% as there is no review added.
Shashank UdupaICO team member replied on 12 Mar 2018
Hey Nathan,
Our Enkidu Alpha 0.2 is now live, try it out at https://alpha.enkidu.io
We have rolled the Alpha 6 months before schedule and we are constantly working on updates to improve.
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert Rated on Feb 27, 2018
4
4
4
5%
This rating's weight is reduced by 50% as there is no review added.
Shashank UdupaICO team member replied on 12 Mar 2018
Hey Mofassair,
Our Enkidu Alpha 0.2 is now live, try it out at https://alpha.enkidu.io
We have rolled the Alpha 6 months before schedule and we are constantly working on updates to improve.
Business strategy, investment deals, investor relations Rated on Mar 8, 2018
5
5
5
10%
What a simple and necessary product!
Only one thing is unclear - why do you need softcap $ 5 million and all the more hardcap $ 30 million? I think both development and marketing can not cost 30 million dollars here ...
Shashank UdupaICO team member replied on 9 Mar 2018
Hey Ilya,
Glad you understand the value Enkidu brings to the world.
Coming to the raise - when you do crowdfunding as compared to a typical equity raise, you're raising your Series A + B + C in one shot, with minimal chances of doing future ICO rounds (we can't raise equity post this and shares and tokenization don't play nice). The team doesn't need the capital to build or market the product (Avalon Labs, the parent company of Enkidu is already very profitable).
Rather, the plan is to run this company for the next 6-7 years and partner with governments (lobbying involved) to provide legal standing to "Enkidu companies". In order for us to allow not just small companies but rather larger companies to use Enkidu, we need to allow for legal liability to be borne by the entity itself, which we can't do until a favourable jurisdiction backs us. Lobbying and legal fees are what's most expensive. We have lawyers from Singapore and India helping us take the entire offline company entity online, along with edge case support. They're helping us replace them, but it's expensive, haha :D
An example is taxation at source. When you invest in cryptoassets, you don't pay tax when you buy them, but when you earn cryptoassets (like in Enkidu's individual project cases), then some countries tax this earning at source. Different countries have different regulations, and our legal team allows us to figure it out. For eg, we're currently in talks with some jurisdictions to pay taxation at source from Enkidu itself rather than have individual projects pay it, with reporting coming from our side rather than the projects, so project owners will only have to pay income tax. This is just one case study, there are 300+ such instances we have solved over the last 6 months to even start writing our whitepaper.
Even if we don't get jurisdiction backing, we'll still be able to offer Enkidu to smaller teams (<5 people), which is ~50% of the world's GDP. Imagine having 0.5% of every incoming transaction on every Delaware C-Corp out there. We're talking trillions in daily volume! It's an extremely long term game plan, but we believe we are ready.
Senior Technology Executive, ICO Advisor, CryptoCurrency Enthusiast, Investor Rated on May 9, 2018
3
5
4
6%
Vision/ Product:
- Dao development is a hot frontrunner.
- Really like how actual personal use cases spawned the business
- Great use of blockchain/smartcontracts
- Innovation aspects and opportunity to develop intellectual property is high.
Facets to explore:
- May take the market a long time to catch up
- Customer acquisition costs due to process retooling may be very high.
Team:
- Seems like a very intelligent team
- Surrounded themselves with a great team of advisors
Facets to explore:
- CEO seems to have multiple ventures may be a concern for focus
Notice: I do not provide investment advice. Please see my profile for important disclosures.
ICO Advisor | ICO Consulting | Project Review |MBA Finance and Strategy |9+ Years of Corporate Experience | Crypto Trading and Investing Rated on Mar 3, 2018
4
4
3
6%
Team seems to be inexperienced though the advisory base is strong. No available platform or product. Can't understand why the team requires USD 30 million to create such a product. Thats lot of money guys for a start up which has yet to step in the market.
Shashank UdupaICO team member replied on 12 Mar 2018
Hey Abishek,
Our Enkidu Alpha 0.2 is now live, try it out at https://alpha.enkidu.io
We have rolled the Alpha 6 months before schedule and we are constantly working on updates to improve.
CTO | Blockchain Due Diligence Expert Rated on Mar 9, 2018
4
3
3
1%
This rating's weight is reduced by 50% as there is no review added.
Shashank UdupaICO team member replied on 9 Mar 2018
Hey,
Thanks for the feedback.
Could you tell us why you have rated the vision 3 as most of the feedback we have received from the community is conflicting with yours. You understand starting and running companies in the current scenario is slow, expensive and difficult right?
Telling us what you find lacking is useful. This would help us understand if it was a lack of communication from our side or whether you truly believe that what we are solving is not a relevant problem. Communication can be fixed. We are hoping you do take a closer look and review your rating if possible.
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