White paper for DevCoin ICO
Abstract
DevCoin is a decentralized currency on the Ethereum blockchain. DevCoin will integrate into all the platforms that deals with developer and customer interaction such as freelancing platforms. DevCoin will be used to buy hours of developers and can be used to pay them. It can be bought from anywhere in the world and is not dependent on any currency or a payment gateway like PayPal. A buyer can pay developer using DevCoin on any platform that supports DevCoin.
Introduction
With the rise of technology solutions and the continuous increasing need of freelance developers around the world, payment is still a problem and one has to pay transaction charges for all the payment gateways such as PayPal, credit cards etc. There are over 57 million freelancers in US alone [1].
DevCoin
In the freelancing world, transactions worth hundreds of dollars are happening on a daily basis. There are few payment systems integrated with that platforms such as Payoneer, PayPal etc. All depends on third-party owned by some sort of organization. DevCoin is a decentralized solution that will enable fast and secure transactions with the help of smart contracts.
The Smart Contracts built using Turing Complete will help us create safe and secure contracts.
Smart contracts
1 DevCoin = $15 (1 hour of developer’s effort)
Technology
The underlying block chain technology for DevCoin is Ethereum Block Chain (ERC-20 Token Standard) with smart contracts.
Roadmap
Funds raising
Our goal is to raise $5 million which we will use to develop the apps and the entire infrastructure for the DevCoin. We have a team of experienced block chain developers. We will use this fund to pay for the development of the technology and for creating the infrastructure.
Product Prototyping
We will develop the Minimum Viable Product (MVP) as our first prototype which will also serve as a proof-of-concept.
Launch
We will launch our ICO first in the local market and then in the international market.
Applications (use cases) of our solution
Freelancing platforms
Our DevCoin will be used all over the world to pay a developer for the services performed over any of the freelancing platforms.
Buy software products on the internet
To buy software products from developer on platforms such as Themeforest
References
