Cryptotask disrupts current online freelancing systems by introducing the worlds first scalable consensus mechanism with reviewer board selection build into the blockchain, our environment also allows up to 10x less fees than existing centralised systems, as well as no limit with regards to task worth or complexity. Cryptotask includes some never-seen-before systems like the possibility to earn money by just being a reviewer (paid out in tokens, and mathematically provable attack resistance, crucial for later stages and high project adoption rate.Big Data Business services Cryptocurrency Infrastructure Internet Platform Smart Contract Software
|ICO Start Date||03 Feb 2018|
|ICO End Date||23 Feb 2018|
We introduce a decentralized task market based on blockchain technology that disrupts current freelancing systems.
The key innovation is a commercially scalable consensus mechanism with reviewer board selection built into the blockchain, including the escalation option that satisfies Nash equilibrium.
The basis is a consensus mechanism similar to that used in existing prediction market projects such as Augur and Gnosis, with some important differences and innovations that enable scalability, an issue plaguing most of the popular blockchain projects. One key innovation is a reviewer board selection mechanism built into the blockchain, including an escalation option that satisfies Nash equilibrium. The selection mechanism satisfies the condition of secrecy in order to discourage potential collusion and off-chain communication between reviewers by implementing a reporting mechanism. Voting is done in two stages, including a secret commit phase, to dissuade parties from using the waiting strategy.
|Tokens for Sale||9000000|
|Distributed in ICO||80%|
|Hard cap||10000 ETH|