Experfy
What is Experfy and Republic?
Experfy is an AI consultant and training marketplace with 30,000 experts that was established on March 31, 2014. Experfy’s founders want to develop an ecosystem on blockchain using the Expercoin token. It could be argued that the creation of Expercoin aims to build one of the largest decentralized marketplace networks in the world called the Republic, with the slogan “In Skills We Trust.” Everyone can create their own Republic, such as “Republic of Nanotechnology,” “Republic of FinTech,” “Republic of French Learning,” etc.
The Republic consists of six pillars, namely:
- Learning Marketplace
- Career Marketplace
- Mentorship Marketplace
- Assessment Platform
- Corporate Academy
- Financial Aid Marketplace (P2P Financing)
Technical Architecture of the Expercoin Protocol
Expercoin consists of protocol layers and front-end applications for users in building highly flexible autonomous organizations (Republic). This decentralized marketplace empowers communities and institutions with solutions that do not require software development expertise. Non-technical people or organizations can now launch a customized Republic as they see fit and start earning revenue.
The Expercoin protocol architecture represents a collection of existing open-source libraries, frameworks, and distributed systems, while remains to be an innovation leader in this field. Expercoin is the first protocol that uses Ruby on Rails. This can allow Expercoin to bring in full-stack web developers to build on the Expercoin protocol with little or no adjustment or training.
Expercoin Token (EXPR)
Expercoin is a cryptocurrency that will be used for all economic transactions within each Republic and to larger ecosystems. EXPR also serves as a basis for interoperability with other digital assets built on the ecosystem. EXPR will be implemented on the Ethereum blockchain as an ERC-20 token.
The EXPR token is more than a means of payment. It provides the various functions needed to create a decentralized economic system that is not regulated by the central authority. Expercoin will be used for voting, government, fraud prevention, spam prevention, account verification, and rewards.
ICO/TGE Expercoin
- Name: Expercoin
- Symbol: EXPR
- Pre-sale token price: 1 EXPR = $ 0.020
- TGE token price: 1 EXPR = $ 0.025
- Hard cap: $ 26,500,000
- Total token supply (including bonus): 2,750,000,000 EXPR
- Start pre-sale: June 1, 2018
Tokens will be distributed according to the following percentages:
- 45% Buyers (Pre-sale & TGE)
- 20% Company (12 months lock-up & 24 months vesting)
- 20% Incentives for marketing & strategic partnerships
- 10% Reserve (12 months lock-up & 36 months vesting)
- 5% Advisor (12 months lock-up)
Expercoin Valuation (EXPR)
If we calculate the token allocation for buyers on pre-sale and public sale/TGE then 45% is a quite small allocation. This means that Experfy is very confident that a big dilution factor will not affect the investor’s desire to invest in this token. This suggests that this token will be very valuable. Moreover, the lock-up and vesting period is the longest among ICOs. This suggests that this project is a very serious long-term project.
Assuming that the average price of EXPR tokens at pre-sale and TGE is $ 0.02141 and all tokens were sold out, hence we can calculate the token dilution factor of 14.3% (diluted only because of pre-sale bonus), and 55% (diluted because of pre-sale bonus, company fee, incentive, etc.). If you purchase at pre-sale, you will be able to purchase this EXPR token at a price of $ 0.02 to compensate for the dilution factor.
Conclusion
This project has a very bright prospect, especially not many similar ICO concepts (as far as I know). Perhaps a serious competitor for Expercoin (EXPR) is only Disciplina (DSCP), and even then the concept is only slightly similar. This technology will enable everyone to create their own “Republic” without having the ability to code. Moreover, this project will involve all stakeholders with a brilliant and logical business model. However, of course, it all depends on the timing, adoption, and competence of the developer team to build a quality platform.
When viewed from the validity, I think this ICO is NOT a scam, because:
- This project is a project of an organization that has been established since 2014 (Experfy) and is supported by the Harvard Innovation Lab;
- There are a special youtube channel and videos showing how education on experfy platform works. The channel is https://www.youtube.com/user/experfy;
- Team members have relevant expertise and degrees from leading institutions;
- Experfy Inc. has partnered with many leading companies, such as Deloitte, Duracell, Cygna, etc.;
- Have a pretty good quality white paper.
But please note because conceptually this project is a future project (long term) then you have to be patient in the face of price fluctuations that generally tend to decline. However, I think this coin is worth to be collected.
Website - https://www.expercoin.com/
Whitepaper - https://docsend.com/view/sckraue
Telegram - https://t.me/Expercoin
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