ELLCRYS - Decentralized Version Control System

What is Ellcrys?

Ellcrys is a decentralized version control system that allows people around the world to build open source software products collectively. Open source contributors receive coins in return when their contribution is received, they can also retain some ownership and receive income from income-generating projects. Collaborators can develop and submit their own apps such as websites, mobile apps, smart contracts, libraries, etc.

Ellcrys also aims to provide a decentralized platform where people can build open buildings, such as transparent multi-owner applications Version control systems where source code can not be changed, sensor-resistant and highly available.

Open source software has been instrumental to the success of many companies that add value to our lives. More than 78% of companies today, use open source. Many of them use open source as part of a premium product while giving little or no return to the manager and the community. Only some open source projects attract corporate sponsors and many others do not.

Ellcrys open source contributors need to also provide the right incentives to ensure continuous project quality and development. To that end, Ellcrys will allow open source projects the ability to create paid branches that charge fees to take. Preservers and contributors can benefit from paid issues made by users. Contributors will earn money if their pull request is accepted by the project community.

How Ellcrys Works

What is Community Contract?

Community contracts describe entities that allow one or more collaborators to build open source organizations that offer software products and services such as websites, APIs, smart contracts, packages, frameworks etc. Collaborators push and pull codes to and from the network, performing governance functions by creating, approving proposals and receiving compensation from the network. Community contracts can be deployed to a centralized cloud hosting platform if the web / service application or is compiled and loaded on the network as a smart contract to process transactions.

The importance of Ellcrys

Mission Ellcrysis to create an ecosystem where open source collaboration goes beyond contributions during a free period or leisure time where collaborators can build open source companies that can be adopted, allowing them to spend more time building great products and improving openness. ecosystem resources We believe that collaborators should be able to work on open source projects in full time, earn and live comfortably. To accomplish this, we offer a platform that contributes to nominally valued open resources and contributory models to enable open source contributors to create revenue-generating and sustainable projects.

Protokol Host Ellcrys

With the understanding that organizing community contracts may not be free, Ellcrys Host Protocol provides mechanisms for cloud providers to impose community contracts with the consent of contract collaborators. This protocol will also support subscription based payments. It builds on a collaborative agreement mechanism that allows members to create and approve a type of proposal known as HostProposal.

Contribution Models

There are several ways Ellcrys contribute to working on community contracts. Some

this type of contribution can result in some compensation.

• Branch Contributions
• Contribution of Duties
• Issue Contribution
• Paid Branch Contribution
• Delayed Branch Contribution

Network

There are several ways Ellcrys to distribute Tokenya network.

• The ledger is distributed
• Sharding
• Method Consensus

Distribution, Pre-Sale and Token Sale:

The Ellcrys Token Distribution of Two Billion (2,000,000,000) will be sold during Pre-Sale and Token Sale.

Pre-Sale will be available to the public and will last for 8 weeks. It is targeted at early supporters of the Ellcrys project and includes a maximum 30% bonus.

• Pre-Sale Launch Date: February 1, 2018
• Pre-Sales Ends: April 1, 2018
• Duration: 8 weeks
• ELL available: 800,000,000
• Outing: $ 0.1 / ELL

Unsold tokens will be available for purchase at the main token sale. The following is

bonus structure for Pre-Sale .

• Week 1: 30%
• Week 2: 20%
• Week 3: 10%
• Week 4, 5, 6, 7 and 8: 5%

Token Sale (ICO)

Primary Ellcrys Token sales will occur 6 months after Pre-Sale . Purchases will be

including up to 30% bonus.

• Selling Token Launch Date: June 1, 2018
• Pre-Sales Ends: July 1, 2018
• Duration: 4 weeks
• ELL available: 900,000,000
• Harga: $ 0.35 / ELL

Unsold tokens will be equally divided into the rewards of mining and universal savings

provide. Here is the bonus structure for Token Sale.

• Week 1: 30%
• Week 2: 20%
• Week 3: 10%
• Week 4: 5%

Budget plan

The Ellcrys team plans to raise funds from Token sales in the following ways :

• Product Development and Staffing 60% : This allocation will be used to recruit top talents in the Silicon Valley region and around the world. Our team currently consists of talented software, mobile developers, user experience / design and personnel management. The addition of new talent will greatly strengthen the team and accelerate product delivery time.
• Marketing 20% : Our marketing objective is to cultivate adoption by reaching developers, designers, makers, testers.
• Security 10% : The importance of security can not be overstated. The allocation will lead to hiring and consulting with security experts to investigate our algorithms and system algorithms have also sponsored security bugs / bounties.
• The 10% Law : At a time when the legal implications of blockchain technology are unclear, this portion of the budget will be used to hire outside legal counsel to help us figure out all legality related to Ellcrys.

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Author : Adiba14