Indorse Network of Decentralized Professionals

Indorse is a decentralized professional network supported by blockchain technology where you have your data and get paid for your contributions

Business Plan Summary

'Indorse' is a revolutionary platform that uses new models of tokenisasi and decentralization
Changing the form of professional social networking. Unlike traditional platforms, we want to give
Return ownership of data to members, and enable them to benefit from sharing their skills and activities on the platform.

Indorse uses the Indorse Rewards and the Indorse Score system to provide members with incentives to add their skills / achievements and support others.

With participation in the network, members can earn Indorse Rewards to share more about themselves and to undermine other people's claims. Advertisers in turn buy space on the platform, which creates revenue for the platform. This revenue, along with other Stream revenue, is shared with the members who created the content. In short, members end up being able to share in the profits made by the platform because of its data, rather than watching passively as revenue goes to the company holding their data.

We envision a future without serverless and decentralized, where members will build their profile and benefit from their reputation. This future requires a decentralized platform where others can assess the quality of a person's profile not only with where they go to school, but also what is right Done in their professional and personal lives.

Indorse is being developed by a team at Attores, a Singapore-based blocking company. Attores founder is CTO Gaurang Torvekar and CEO David Moskowitz. Gaurang is a CO-organizer of Ethereum Singapore Meetup, while David is co-organizer of Bitcoin seetup Singapore In 2013 David founded Bitcoin brokers that serve hundreds
Clients in Singapore David managed to get out of the business in 2015. Despite our experience with Ethereum back to before setting up Attores, we officially started working on etereum applications in January 2016, releasing open source code for swap and forward contracts for digital asset exchanges. Attores currently has pilots with polytechnic colleges.
In Singapore to get the issuance of their digital certificates along with the installation of an Ethereal Blockchain on campus.

This white paper outlines the motivations behind platforms, internal mechanisms and roadmap mechanisms for the development process. Our vision is to build an infrastructure that gives each member a way to showcase their personal profile, which will ultimately extend to several other projects. We believe Indorse can be the highest reputation system that could be the backbone of future DAPP generations. Join us on this ambitious project!

Why Ethereum

This platform requires network effects to work. While existing social networks such as facebook and LinkedIn have bootstrapped on their network growth, new technologies like blockchain have put us in a better position to start this type of network. We see this unique opportunity to leverage existing blocking communities in order to start networking with and incentivize supporters to use it.

Among the news, Ethereum provides the much needed transparency for many economic people to succeed and incentivize its own growth. So we use Ethereal as our own calculating machine, while using IPFS as a storage mechanism.

While the etereum community is relatively young, it is one of the fastest growing, and shows no signs of slowing Nowadays, there is a growing base of developers using Ethereal, with an estimated 30,000 developers working on various projects related to the Ethereal protocol, anyone can write Smart contracts and decentralized apps running on the Ethereal Virtual machine. There are hundreds of decentralized applications that have been created or existed in pipelines [7], and this is all we know. To date, none of the other blockchain protocols, even Bitcoin market leaders, have this level of interactivity.

Token Sale

Initial token sales for IND token will be made through sale of Ethereum token supported by Indorse network Distribution of 1000 IND tokens and 1 SCR token will be distributed to supporters per Ether pursuant to the Presale Purchase Agreement. No fractional token SCR will be distributed, therefore for the number of Ether fractions, the SCR token will be rounded
down. The IND token shipped to supporters will represent 50% of the total supply created. 25% of the total supply will be reserved for future use and 25% will be held by network administrators, teams, advisors and seed supporters.

Supporters will send their Ether to the account specified on the Indorse website after the specified block of Sales number of the initial token will expire when the final block is created, or if the amount of the ether sent to the account reaches the maximum amount. If the token sales fails to generate the minimum Ether amount, then the Ether sent to buy IND will be returned.

Counselors and team members will have a locking period of 240 days before their IND token
Redeemed.

Model Token

Alignment Incentives to create reward mechanisms that adequately distribute ownership and align incentives from all parties, the platform has 1 token token and 1 internal accounting token (Under the ERC20 interface) :

(A) Token Parent (IND) [tradeable]
(B) Indorse score (SCR) [accounting reputation]
The objectives / roles of each of these tokens are as follows:

Tradable token :

IND Token: IND token is a token to be issued during a Token Sale. The token IND will be listed on the exchange and used by advertisers to purchase ad units on the platform.
Token Sale IND buyers will receive a Master Score (SCR) benchmark in addition to their IND tokens. This will allow them to support posting member profiles on the platform. In a way, IND token holders have an interest in participating in platforms and indicting viable claims.

Internal Accounting Token :

This token is largely unknown to members. We present it here so that people can understand the system mechanism and how to use it for network transparency users.

SCR Token: SCR Token (Parent Score) is the token requested to post updates to member profiles, or indorse claims and flags. SCR signs are denominated in whole units (no decimal) and can not be transferred between members. Members may get or lose the SCR token as a result of their interaction with the platform, as described later in this paper. However, there is a minimum SCR threshold installed on the platform. The number of SCRs that are members may hold his wallet will never fall below 1 SCR - the minimum required to act as an indenter. As much as we aim to encourage constructive participation in the platform, and to prevent it from misusing the platform, we do not want to exclude anyone from using the platform.

Road Map