Ico Start Date: 07-Dec-17
Ico End Date: 07-Feb-18
Eristica is a revolutionary P2P-platform that drives participation in challenges and online competitions. The project was launched in 2015 and has already got more than 1.2 million users. The platform enables each participant to launch and accept challenges, provide video footage of challenges completed and get ratings based on the results.Platform
Eristica users are also allowed to generate viral content with the videos of challenges getting millions of views on YouTube, and the winners becoming stars. The system of rating, reputation and ranking creates a powerful incentive for active participation. Competitive incentive makes players fight for top places in the rating, in the quest for fame and prizes. With the help of blockchain technology, the Eristica project intends to overcome the obstacles faced by the industry and create a single ecosystem for both offline and online competitions. Tokenization of the platform’s economy will offer the opportunity to get a reward for winning challenges, make money off successful predictions and buy access to all services of the platform. Eristica is a universal platform, where each member of the community benefits from the synergy created within the ecosystem.
500,000 users Won McKinsey Startup Competition
SOSV investment, MOX accelerator in Taipei and Singapore 1,100,000 users in CIS and 100,000 users in South East Asia and India Won CryptoBazar in Moscow December Token Sale
Embedding smart contracts, content production Preloads on smartphones in Southeast Asia and India (~500,000)
Fully Functional website Monetizing off of challenges fees in cryptocurrency
Content personalization AI 50 partnerships with bloggers
Launch in the U.S. market + Increase time per session up to 30 minutes
50M video views with 3M registered users
Pluses - Very goal-oriented CEO (Personal communication with him) - Working service without blockchain - A promising youth market Minuses - Token can be replaced by eth, and nothing will change - Too high hard cap - They need dispute resolution mechanism, but i don't find any information about it Summary. I guess they can implement blockchain technology without ICO.