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"DevCoin" ICO White Paper V. 0.01


Whitepaper Draft Version 0.01


Introduction:
            Project DevCoin is a blockchain based decentralized system for both students and technology developers. The purpose of this coin offering is to raise money for developing infrastructure and capable developers for future markets in exchange of a future contract made against investments. This contract of one coin can be redeemed with one hour of development work of technologies included but not limited to:


·         Mobile and web Development
·         Blockchain & Decentralized Apps (Dapps)
·         Internet of things (IoT)
·         Data Science & Big Data
·         Artificial Intelligence/Machine Learning (AL/ML) etc.       

Market Description:

1)    Market Participants:

a)      Investors/Clients
b)      Students
c)      Project DevCoin Team

2)    ICO Program Flow:

Upon coin offering, the money raised will be used to invest in infrastructure and training and development of developers to meet market requirements. The training will be paid. Every student will be appointed on stipend basis.

3)    Platform Development:

An online platform with mobile app will be developed where investors can exchange their coins against the one hour of developers work.

4)    Coin Price Approximation:

The coin will cost US$ 15 for one hour of developers work. Rates for developers from advanced countries will be adjusted on inflationary bases.
Market Size:
According to this article, there is an surge in freelancing jobs. The author mentioned some predictions:

  • The 50% of worlds labor force will freelance by 2020 
  • Enterprises will demand that the freelances engagement is completely automated.
Project Architect:
a)      The whole project is based on Ethereum Smart Contract.
b)      Exchange of cryptocurrencies.
c)      Integration with trading platforms.
d)      Client applications.
Investment Target:
The initial target is to raise US$ 5 Million. The coin price is set to US$ 15. Approximately, 334,000 coins will be issued in the first round of offering which will carry a future contract of 334,000 hours of development work promise.

ICO Program Flow:
            Coin offering will be scheduled for every major city of the world so that the Project DevCoin can be localized. The money raised will be used in the development of infrastructure and trainings of developers.

Project Team:

Project Advisor:
Zia Khan
He is the CEO of Panacloud (Pvt.) Ltd. He has fifteen years of experience in teaching computer science subjects and has extensive experience in development of business and financial software solutions. For eight consecutive years, in 2007, 2008, 2009, 2010, 2011, 2012, 2013 and 2014 he has received the Most Valuable Professional (MVP) Award from Microsoft USA.  He has a Master of Science in Engineering (MSE), Master of Business Administration (MBA), and Master of Accountancy (MAC) in MIS, all three from Arizona State University. He is also a CPA and CMA in USA.
Chief Executive Officer:
Adil Altaf
He is the owner of Axiom Enterprises. He has extensive experience of Management Consultancy with renowned companies.
Chief Technology Officer:
Zeeshan Hanif
He is CTO Panacloud with more than ten years of experience in application development.
Chief Operating Officer:
Aamir Pinger
He is CEO of Pinger Textiles.

References:

1) 5 Predictions for the freelance economy in 2018. 


Labels:
Location: Karachi, Karachi City, Sindh, Pakistan

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