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
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Chief Executive Officer:
Adil Altaf
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Chief Technology Officer:
Zeeshan Hanif
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Chief Operating Officer:
Aamir Pinger
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