Enkidu ICO
Enkidu — a blockchain platform designed to simplify process of creation of the small Internet companies. The project has to help the beginning businessmen with opening of the business and search of business partners.
Enkidu allows to resolve issues of company management and distribution of finance without resorting to official registration of the yuriidichesky person. Such approach gives to businessmen from different points of the planet the chance of free association for creation of the small Internet companies. All work on distribution of profit is undertaken by smart contracts.
Problems of the traditional companies which are solved by Enkidu
Modern Internet startups are usually created by the small teams of enthusiasts. It is remarkable that people from the different cities or even the countries become business partners even more often. In such cases startups inevitably faces problems which complicate their further development.
The main issue which tries to resolve Enkidu — the lack of confidence between the partners who are in the different ends of the globe. Traditional ways of business demand big expenses of time and money only to overcome this factor. Classical schemes of protection of interests of owners are unacceptable for small startups for two reasons at once.
Registration of the company is made in the concrete country that sharply increases overhead costs for international teams. Legal services preparation of documents and air flights eat a considerable part of the budget which could be spent for development and promotion of the project.
Without official registration of firm it is impossible to solve a problem of distribution of income. A question of justice of division of profit and a share between partners it becomes frequent disastrous for small enterprises.
At last the problem can consist also in the search of partners. The beginning businessman not always possesses the necessary communications and placement of an appeal about cooperation at forums and in blogs most often remains unnoticed.
Enkidu developers believe that the key to the solution of these problems lies in change of the concept of small enterprise. The decentralized technologies have to succeed legal documents that businessmen could be focused on development of the company.
As the Enkidu platform works
Main goal of Enkidu developers — creation of conditions for effective interaction of partners in small business. The platform offers several basic functions of the Internet companies designed to simplify process of creation.
Search of partners, investors and employees within the uniform platform.
Creation of the virtual companies with a possibility of distribution of shares between partners.
Possibility of investment of means into already existing companies with automatic redistribution of shares.
Vote on key questions of company management.
Automatic distribution of all incoming payments between partners according to their shares.
The mechanism of the postponed obtaining the rights for a share in the company — a vesting.
Possibility of "converting" of the virtual companies in real with automatic creation of all documents necessary for official registration.
Skilled investors can notice some similarity of the platform to another known a blockchain project — Aragon. However, Enkidu developers emphasize that their project is designed for absolutely other audience. If Aragon is branched system for creation of the decentralized organizations of any complexity that Enkidu is calculated on work with small enterprises numbering up to 5 people. The system is ground under needs of small startups and her strength consists in simplicity of development.
Interesting feature of the project — a possibility of use of eskrou-service for control of domains. When using this function any of representatives of the company can't operate a domain name without the consent of other partners. As a result there is a possibility of protection against theft or unauthorized use of the address of the website of the company on the Internet.
Automatic distribution of profit between partners
For convenience we will consider work of the Enkidu system on a concrete example. We will assume that several partners have decided to open Online store clothes. For a start they should record the shares in the company — subsequently they will influence the profit percent charged to each of cofounders.
Clients of shop can pay purchases in any ways: as fiatny money and cryptocurrency. The main idea consists that all payments are registered through a uniform lock of Enkidu which automatically converts any currency into ENT tokens. At the first stages developers plan to use API of already existing cryptocurrency exchanges and further want to pass to work with own exchange platform.
As a result each incoming payment is automatically transferred to tokens of ENT and charged to each of partners according to his share in the company. At the same time Enkidu charges the fixed fee of 0,5% for each transaction in system. A half of this sum goes for development of the platform whereas other half is burned that allows to support ENT cryptocurrency cost at the stable level.
Enkidu allows to create and more difficult templates of distribution have arrived. For example the staff of the company can receive the fixed percent from sales and a part of the earned means can be aimed at the business development automatically.
Road map
The road map of the Enkidu project is divided into several key stages.
1 quarter 2018. Carrying out ICO and release of a token of ENT.
2 quarter 2018. Alpha of the platform and first implementation of the smart contract of a payment gateway.
3 quarter 2018. Release of preliminary versions of the web platform and mobile application. First version of system of registration of partnership. The 4th quarter 2018. Open testing of the full-function version of the platform.
1 – The 2nd quarter 2019. Start of the platform and payment gateway, promotion of the project.
Team
The founder of the Enkidu project — the Singapore Avalon Labs. The company is engaged in applications programming and investment of means into the existing IT startups. Avalon Labs consists of 30 people and works with more than 40 partner companies worldwide.
The basis of team of the Enkidu project is made by 5 people.
Varun Mayya — the CEO. The venture investor, the developer of the Jobspire platform for search of employees on the Internet.
Shahank Udupa — the executive director. Ex-managing director of IIFL fund.
Abhinav Arora — the marketing director. The blockchain startups worked with Factom, GlobalBlockchain and others.
Tejas Tholpadi — the leading developer. In different years I was engaged in development of financial applications and game cursors, now heads department in Avalon Labs.
Simon Bierling — the director of public relations. Earlier I worked in Twitter Inc.
Carrying out ICO
For attraction of financial resources on promotion of the project the Enkidu team announced carrying out ICO during which is planned to collect from $5 to $30 million. Placement of tokens of ENT will take place in two stages: From March 12 to March 26 — Pre-Sale. On April 9 till May 9 — the main stage (crowd sale). The general issue will make 1,5 billion coins. Their distribution looks as follows:
5,5% — baunt.
5,5% — advance.
15% — presley.
28% — payments in favor of team.
37% — the main stage ICO.
ENT token cost during Pre-Sale will be $0,022. In the main round the price will gradually rise up to $0,056, however, various bonuses will be offered buyers. ENT token cost taking into account discounts and bonuses. Pre-Sale the Main stage (1 round) the Main stage (the 2nd round) the Main stage (the 3rd round) of 0,022 0,042 $0,037$ $ $0,048 can Get tokens by means of cryptocurrency of Bitcoin (BTC) or Ethereum (ETH).
Opinion of experts
On the icobench.com portal the project has received 10 estimates of experts — very little in comparison with popular ICO. GPA — 4,4 of 5. Opinions of experts concerning prospects of the project disperse.
At the same time many experts doubt that for implementation of the platform $30 million can really be required.
The main conclusion which it is possible to draw in the analysis of open sources — the project hasn't gained big popularity in cryptocommunity yet what very small amount of comments from experts in this area testifies to.
Links
Website: https://enkidu.io/
White Paper: https://enkidu.io/enkidu_whitepaper.pdf
Telegram: https://t.me/enkiduofficial
Facebook: https://www.facebook.com/Enkidu.io/
Twitter: https://twitter.com/Enkidu_io
Medium: https://medium.com/enkidu-io
ANN: https://bitcointalk.org/index.php?topic=2947704.0
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