Ellcrys-Developing Open Supply Software System Merchandise Conjointly

5 min readJan 29, 2018

What Is Ellcrys?

Ellcrys could be a decentralised version system that permits individuals worldwide to make open supply software package product together. Contributor to the open supply settle for coins as rewards once their contributions ar accepted, they’ll conjointly retain some possession and receive financial gain from financial gain generating comes. Collaborators will develop and apply your own like websites, mobile applications, good contracts, library, etc.
Ellcrys conjointly aims to produce a decentralised platform wherever individuals will build buildings open, like a multiple-owner application clear version management systems wherever the ASCII text file can’t be modified, hold sensing element and extremely obtainable.

Open supply software system has been instrumental to the success of the many firms to feature price to our lives. over 78% of the corporate at this point, use open supply. several of them use open supply as a part of our premium product whereas giving very little or no back to the Manager and also the community. solely a number of open supply comes that attract company sponsors and plenty of others don’t. Website: https://ellcrys.co/

Open supply contributor Ellcrys want also given the correct incentives to make sure the event and also the quality of the comes property. For that, the Ellcrys can permit open supply project the flexibility to form a remarkable branch paid the value to be taken. Maintainers and contributors will like paid downside created by the user. Contributors can get the cash if they pull requests received by a community project.

What is Contract community?

Contract community describes the entity that permits one or a lot of collaborators to create open supply organization that provides code merchandise and services like computing machine, APIs, good contracts, packages, frameworks etc. Collaborators push and pull codes to and from the network, perform the perform of governance by making, approving the proposal and receive compensation from the network. Community contracts are often unfolding to the centralized cloud hosting platform if an internet application/service or compiled and loaded within the network as good contracts to the method the group action.

The Importance Of The Ellcrys

The Mission of the Ellcrys is to form AN scheme of open supply collaboration places exceed contributions over a amount of free or free time wherever collaborators will build open supply firms which will be adopted, therefore on change them pay longer to create a good product and increase openness. supply scheme we tend to believe collaborators ought to be able to work on open supply comes square measure full time, earn and live well. to realize this, we provide a platform that contributed to AN open supply valued nominally and plenty of totally different models contribute to permit contributors to open supply making financial gain generating comes and property. Open supply scheme which may be accepted by the contributors can ultimately improve the standard of contributions and product.
WHITEPAPER: https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper.pdf

Host Protocol Ellcrys

With the understanding that organizes community contract might not be free, the Ellcrys Host Protocol provides mechanisms for cloud suppliers to impose a contract agreement with community collaborators contracts. This Protocol will support subscription-based payment. This builds on the mechanism that enables collaborators agreement members produce and approve these sorts of proposals square measure called HostProposal. Website: https://ellcrys.co/

Models Of Contribution

There are several ways Ellcrys contributed to work on the contract. Some kind of contribution can generate some compensation.
~The Contribution Of The Branch
~Contributions To The Task
~Contributions To Publications
~Donations Paid Branch
~Contribution Pending Branch

Network

There are several ways to distribute the Ellcrys network Tokenya.
~Great books distributed
~Sharding
~Consensus Methods

The sales plan and budget Ellcrys Token

Researching and developing the on top of plan can want the cash. Although, the present team have given lots of your time and cash to analysis and develop prototypes for varied parts, we’d like extra funding to continue. For this purpose, we are going to organise many sales sets the token. throughout the Pre-Sale, the token are issued on a system of our own wallets. once the sale of the first token, we are going to issue the token the ERC20 are changed for tokens main network once it launches. this may be the swap 1:1.

Distribution, Sale and Sale: Token

The distribution of the Ellcrys Token as much as Two billion (2 billion) will be for saleduring the Pre-Sale and Sale Token.

Pre-Sale will be available to the public and will take place over the next 8 weeks. Is targeted at supporting original project Ellcrys and includes a bonus 30% maximum.
Pre-sale release date: 1 February 2018
Pre-sale ends: April 1, 2018
Duration: 8 weeks
ELL is available: 800 million
Price: $0.1/ELL
The token is not sold will be available for purchase in the sale of the primary token. Here’s a bonus structure for pre-order Sale.
Week 1:30%
Week 2:20%
Week-3:10%
Week 4, 5, 6, 7 and 8:5%
Token Sale (ICO)

Primary Token Ellcrys sales will happen 6 months after pre-order Sale. The purchase will include a bonus of up to 30%.

Sale launch date: 1 June 2018 Token
Pre-sale ends: 1 July 2018
Duration: 4 weeks
ELL is available: 900 million
Price: $0.35/ELL

The token is not sold will be equally divided to the reward of mines and deposits the universal provides. Here’s a bonus structure for Sale Token.
Week 1:30%
Week 2:20%
Week-3:10%
Week-4:5%

Budget Plan Costs

The team plans to issue the Ellcrys funds from the sale of Tokens in the following ways:

~Product development and Staffing 60%: this allocation will be used to recruit the top talent in the area of Silicon Valley and around the world. Our team currently consists of talented software developers, mobile, user experience design and management/personnel. Additional new talents will greatly strengthen the team and speed up product delivery time.
~20% marketing: our marketing Goal is to grow the adoption by reaching developers,designers, makers, testers.
~10% Security: the importance of security cannot be overstated. Allocation of that going towards hiring and consulted with security experts to investigate our algorithm and algorithm system have also been sponsoring bounties bug/security.
~Law of 10%: at a time when the legal implications of technology blockchain is not clear, this portion of the budget will be used to hire an outside counsel to help us do the figures out all the legality with regard to the Ellcrys.

CAMPAIGN BOUNTY ELLCRYS

1 ELL: $0.35
Total budget: 25 million Bounty Ellcrys Token ELL
Total Bounty Budget will be allocated among all the Bounty as follows:
Social Media Campaign: 25%
Blog/Media Campaign: 20%
The campaign Translation: 20%
The signature campaign: 35%