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EtherInc – a making DAOs a reality

EtherInc (also referred to as eInc in short) is making DAOs a reality. eInc organizations are borderless and decentralized, just like Bitcoin, that are not limited by geographies, intermediaries and, other such artificial restrictions. The concept of distributed teams collaborating from all over the world, has gained momentum over the past few years. Working as distributed teams opens up new possibilities
and avenues. The existing organizational system work reasonably when all the parties are a part of and governed by a common organizational framework which is regulated by regulatory bodies of one jurisdiction, and are located in one jurisdiction. However, this is not the direction where the future of organizations is headed. Traditional businesses are being replaced by resilient startup organizations where teams are no longer shackled by geographies and jurisdictions.

The intent of EtherInc is to create an alternative protocol for running decentralized organizations and building decentralized applications, providing a different set of trade-offs that they believe will be very useful for a large class of decentralized applications, with particular emphasis on situations where rapid development time, security for small and rarely used applications, and the ability of different applications to very efficiently interact, are important. EtherInc does this by building what is essentially the ultimate abstract foundational layer: a Blockchain with a built-in Turing-complete programming language​, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats, and state transition functions.

eInc Marketplace

eInc Marketplace will consist of dApps, which will give eInc organizations a wide range of applications to run their eInc as and how they want. One example of Marketplace dApps is the Payroll dApp​ which allows eInc owners to manage their employees and pay their salaries automatically, without the need of passing multiple proposals.

How Does It Work?

Being a fork of Ethereum, EtherInc has much the same general protocol. In fact, decentralized applications built on EtherInc are cross compatible with applications on Ethereum and vice versa. The heart of the system is the eInc dApp, which creates a smart contract for each new organization joining the blockchain. Workflows are organized in terms of proposal. Sending ETI, for instance, involves the creation of a proposal on the blockchain, which is then triggered to transfer the desired quantity of ETI. Then there is the concept of grades, which range from grade 1 to grade 10,000. Grade levels below 1,000 enjoy heightened proposal privileges, creating a hierarchy within the 17 different kinds of proposal possible in an EtherInc smart contract.

EtherInc Final Thoughts

An Ethereum blockchain based solution, EtherInc seeks to remove all the barriers that startups face. Additionally, it also provides a unique decentralized platform where entrepreneurs can grow their businesses through secure and transparent crowdfunding, voting and access to a diverse team.

EtherInc ETI Token ICO Details

  • Pre ICO sale starts: 05/07/18
  • Pre ICO sale ends: 05/15/18
  • ICO sale starts: 05/25/18
  • ICO sale ends: 06/25/18
  • Coin symbol: ETI
  • Total coin supply: 997,528,142 ETI
  • Total coins in coinsale: 450,000,000 ETI


For more information, visit the Website or read the Whitepaper.

 

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