Internet has allow everyone to connect with each others instantly. The main innovation that born from it is the knowledge sharing. Previously, we can only learn through people guidance and books. Internet then lead to the great innovation like Wikipedia which undeniably has a huge impact. We are now rely heavily on the answer provided by the knowledge share in the Internet whenever we have questions that needed answer fast.
Then here come the platform such as Quora and Zhihu that allows people to share the knowledge through Q&A. The clear ranking system and professional listing has enable credibility of the answer. However, all these has limitations when it comes to professional opinions and urgency. For example, the answer provided often required further verification and the lack of incentives lead to "google answer" more often than not.
Now we are entering a new era lead by the innovation of blockchain technology. The rise of Bitcoin certaintly brings attention to the public but there is more than that. Experty is an ICO that aims to bridge the gap between knowledge sharing.
The process is really simple, if you have any questions, simple browse through the list of Experty and ask the one that you like the most. It's a simple idea and there are actually apps which already doing it now. But Experty aim to utilize the benefits of blockchain that create greater liquidity and access to the mass. The use of Ethereum network has allows almost zero transactions fees. Experty is also looking to integrate with current knowledge platform such as Quora, Linkin and Coursera in the future.
The use case is simple and great, so what's about the token? This is the key question for every ICO. Here is the function listed in the website.
- EXY will be used for all feeless payments from advice seekers to knowledge providers
- EXY will be staked by users for access to premium features
- EXY will be used by advice seekers as a deposit for advance scheduling with a knowledge provider
The first one is just usual token utility which can be replaced with other coins or fiat (Experty plan to introduce Fiat payment in future). The bonus is that EXY will always needed as additional fees payment such as monthly subscription of Fiat payment fees. The second is the staking function which helps to preserve the token value.
The token supply is 100 million with 1 ETH equal to 1000 EXY. However, 63% of the coins will be vested over 18 months or 3 years, hence the circulating token supply will be around 37 million and gradually increase. The bonus given is 60% to 10% which is quite big, but the token value is still solid as the token supply is relatively low and the token use case is great.
The Team is comprised of 15 core members that comes from a web consulting company called ReactPoland. The Advisor looks solid including a Ex-CTO of Bitfinex and Ethereum engineer.
Feel free to check it out yourself at https://www.experty.io/en and learn more.
As usual, always DYOR before investing. Crypto space is highly volatile and associated with great risk. But with due diligence and hard work, the reward is great!