TOKEN DISTRIBUTION & USE OF PROCEEDS Token Distribution & Use of Proceeds
Experty token distribution is designed to provide the best possible funding for the application. They’re setting aside partner tokens for influencers to create mass adoption of Experty, raising usage and awareness. These tokens are vested for 18 months, and will incentivize influencers to use the application. In addition, the tokens that are being kept by the company will be vested for 3 years, and will be used for marketing and campaigning.
MULTI-SIG AND SECURITY
For their Third-Party Escrow and Multisig wallet policy for fund discretion, they joined efforts with Bitcoin Suisse. Bitcoin Suisee is a well-known Swiss financial service provider, specializing in crypto-assets. They are also auditing Experty’s smart contract to ensure a secure launch.
TOKEN GENERATION EVENT (TGE) DISTRIBUTION SUMMARY
What has the Experty team developed?
A Blockchain based calling platform, simplifying the exchange of knowledge for currency using Ethereum Smart Contract along with Off-Chain software.
The platform provides two or more parties, say a knowledge provider and a knowledge seeker with the consulting industry to connect through voice and video calls and enable the provider to get paid by the minute on a pre-determined rate.
Let’s see the role of each here:
· Knowledge provider: Can schedule their availability and share their direct call links without having to get occupied with several fraud or marketing related calls. They can put a price on their per minute and start receiving and being their consultation.
· Knowledge seeker: Without the stress of scouting for the right person to get in contact with, the knowledge seeker can directly contact the knowledge provider and save time and money. Pay just for the minutes on the call and take advantage.
· Third Party services: Advance through a different path to monetize their existing client base.
How does this application work?
Let’s drill on the mechanism, and understand the work flow
Knowledge provider sets his/her rate in US dollars (Say 3$ per min).
The knowledge seeker will be aware of the pricing before he or she chooses to make the call.
Based on the USD/EXY conversion rate on the secondary market, the app will the calculate the amount of EXY tokens required per minute to make the call.
The seeker will credit the account using the available methods, like USD, BTC, etc.
Seeker starts the call
The value for exchange of knowledge occurs based on the Experty conversion rate.
While the call is going on the app gathers confirmations signed by advice seeker’s drive-key in his or her app.
Post calling, the app will automatically make an operation on smart contract and move the funds from seeker to expxert’s waller using the gathered signed confirmation.
More to it
The dedicated team at Experty is likely to research how well the application can compete on the global digital consultation marketplace. It is not looking to produce short-term immediate value. It is working on the popular proof-of concepts and research alternative methods to reach to a larger audience.
I’m eager to find out where it’s headed and I hope Experty reaches it HARD CAP target during the TGE and grow aggressively.
Congratulations @kaavya92! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP