This is a sponsored guide and does not represent investment advice from CryptoCompare. Please do your due diligence when dealing with any Initial Coin Offering and never invest more than what you can afford to lose.
Introduction to Experty
Cryptocurrency and blockchain technology are set to change the world for the better. However, as more and more people have realised this groundbreaking new technology the availability of talent that understands these new fields is dramatically overstretched. This blockchain talent crisis is the problem that Experty wants to solve using their native token EXY. Experty could be described as an ‘Uber for knowledge sharing’ and it aims to provide instant access, answers and payments to advice seekers and knowledge providers globally.
Experty’s mission is to encourage the adoption of cryptocurrency on a global scale by creating an intuitive, easy to use application that is suitable for wide scale usage. We expect mass adoption within the next 3 years. Anyone who needs to make a consultation via the Experty app will also have a cryptocurrency wallet in their pocket.
Awareness for Experty is growing, and it made the list at INC.com for “The Top 10 Initial Coin Offerings (ICOs) to Watch in 2018”
Similar how Uber revolutionized the transportation industry and Airbnb, the hospitality industry, the Experty team plans to change the knowledge sharing economy.
What is Experty?
The Experty user base will be comprised of two parties, advice seekers and knowledge providers. The advice seeker is someone that is willing to pay for information via a fast ad hoc consultation. The problem that most advice seekers run into is not being able to find knowledge providers that are trustworthy and most importantly really know their stuff. A knowledge provider is someone with expert skills or knowledge that is typically in short supply, for example, a lawyer, accountant or developer. However, these knowledge providers have no incentive to divulge valuable information to strangers. At the most basic level Experty provides a way to match these two parties, in a secure and reliable manner.
To get an idea of what Experty is and how it works let's work through a scenario. Firstly a knowledge provider sets their per minute rate. This will obviously depend on the level of expertise and the demand for such a skillset. The knowledge provider will then share their Experty profile with an advice seeker. The advice seeker will then be given the information they desired and when complete a payment is made from the seeker to the provider via the Ethereum blockchain instantaneously.
The platform has distanced itself from some other competitors in the sense that it is not a marketplace. So instead of a search based solution, a fully decentralised solution has been taken. Whereby users are free to share their Experty contact details, social media accounts and information on what services they provide. This solves two major problems, firstly it identifies and verifies the experts with social media accounts. Secondly it increases the amount of potential users as it will integrate existing social media platforms, this in turn will increase the usefulness of the Experty platform.
Omar from Crypt0’s News likes the idea and plans to use it. He stated: “It’s very rare that I hear about a project that actually is creating something that I can use myself… I look forward to trying out [the Experty app]”
Josh Olszewicz, a popular Twitter and YouTube crypto personality said: “I immediately saw an opportunity for myself to use the Experty app. It’s very hard to scale 1-on-1 knowledge sharing at the moment.”
Now that we what Experty is and how it works let's take a look at some potential use cases:
- Blockchain YouTubers such as CryptO or Omar Bham who have large and growing audiences, many of whom are advice seekers. However if just one percent of their audience asked them questions they would be inundated with questions which they would never be able to answer. Using Experty Omar and CryptO could schedule consulting sessions with those that want their direct attention and are willing to pay for it.
- ICO hotlines are another great use case for Experty, companies such as Bitcoin Suisse and CryptoValley deal with large volumes of requests every day. They have expressed interest with creating hotlines that will help prioritise and deal with these requests.
- Talented developers can be very tricky to find as they are in such high demand. Experty can allow them to work on multiple projects seamlessly and to ensure payment as well.
After the first year, Experty plans to expand to more markets which other use cases. For example:
EXY token and ICO
The Experty Token is an ERC223 token and is a key part of the Experty platform. It will be used for payments from advice seekers to knowledge providers. It can also be staked by users for access to premium features. Its other major use will be to act as a deposit for advance scheduling with a knowledge provider.
In addition to this, the EXY token will also be used as a payment method for people who want to accept different cryptocurrencies, such as Ethereum. Consultants who don’t want to use only EXY as a medium of exchange will be charged with a monthly subscription fee in EXY, depending on how heavily they use the Experty application. This will allow wider usage of the app, as Ethereum is more well known than the EXY token. This unique approach will help to improve the user experience, while still requiring that the EXY token be used.
100,000,000 EXY tokens will be created and there is a soft cap of 2,000 Ethereum and a hard cap of 33,000 Ethereum. The EXY token will not be mineable Below is a breakdown of the token generation event (TGE) distribution:
- 33% of the total tokens will be for the crowd sale
- 33% for the company (vested over 3 years)
- 30% for partner tokens (locked for 18 months)
- 1% to cover token sale costs
- 3% for airdrops and bounties
The Experty roadmap plans on launching the mobile (iOS, Android) and Web applications Q1 of 2018 which will enable messaging, voice calls, and balances. The desktop app and other features will arrive over 2018, screen sharing and group calls are planned to launch Q1 and Q2 of 2019.
The current progress of the app can be found in their live demo video:
The team to Experty has huge expereince in development and blockchain projects between them. Kamil Przeorski is CEO of the 15 person team. Tom Dyl and Grzegorz Kućmierz are the other Co-Founders and specialise in solidity and blockchain technologies. Their is a group of 15 advising on the Experty project, this group includes Moe Levin founder of World Blockchain Forum, Craig Sellars Ex-CTO of Bitfinex and CTO of Tether and many other industry experts and influencers.
To see the full team and advisor board visit the website.
- An introduction to LAToken
- CrowdCoinage OS: Financial Ecosystem OS Powered By the Blockchain
- MediChain - Saving Lives With Blockchain
- Some facts about the project DateCoin
- VinChain - An ICO to Trump Car Fraud
- Healthureum - Your Data, Your Doctor, Your Way
- Gameflip: Reinventing the global gaming market
- ABEY Token Starts Trading on the Liquid Global as Ecosystem Continues Growth Sponsored
- How Defi Users Can Trade Crypto Options on Divergence Sponsored
- Ethernity Cloud - Decentralized Cloud Computing Using Blockchain Technology Sponsored
- XSWAP, a Decentralized Exchange and DeFi Platforms on ABEYCHAIN
- A DEX P2P Options Platform for Everyone: delta.theta
- 5 Cryptocurrency-Friendly Casinos Taking Crypto Games to Next Level
- How to Stake Solana
- How Many Bitcoins Are There? How Many Are Currently in Circulation?
- All Eyes on Blockster: The Social Network Empowering Crypto
- What is Staking?
This website is only provided for your general information and is not intended to be relied upon by you in making any investment decisions. You should always combine multiple sources of information and analysis before making an investment and seek independent expert financial advice.
Where we list or describe different products and services, we try to give you the information you need to help you compare them and choose the right product or service for you. We may also have tips and more information to help you compare providers.
Some providers pay us for advertisements or promotions on our website or in emails we may send you. Any commercial agreement we have in place with a provider does not affect how we describe them or their products and services. Sponsored companies are clearly labelled.