Gilgamesh ICO. Check IT NOW.
Hello every one!
Let’s take a look at the Gilgamesh project.
Gilgamesh is a blockchain startup that caught on this trend and aims to build a platform, which would unify authors and readers, including those actively contributing by writing summaries and reviews. Plus providers of various services related to publishing, like cover designers, editors, printing services, distributors, and marketers. Essentially Gilgamesh is a self-publishing platform, allowing the writers to publish their work, at the same time maintaining a sphere of social activities around their books. The idea makes sense because currently there are no such platforms, integrating publishing and online bookstores with reading communities and service providers. Think about Goodreads, Amazon, fan-fiction groups, and communities of designers and editors all in one place. Another interesting aspect of the concept is that it gives monetary incentives to every participant. While authors make profits from sales, readers also can earn money by contributing to the platform, for example writing reviews or rating the content.
Here it’s important to emphasize that Gilgamesh platform is built on blockchain. Essentially it means that the platform in its core supports secure monetary exchange between its participants. In other words, all kinds of deals can be conducted directly on the platform without involving third-party services and payment systems. For example, the author can make a deal with a designer to make a cover for his book. The Gilgamesh system will facilitate and guarantee the reliability of this contract, including the security and convenience of payments. All the transactions on the platform are conducted using GIL token — a standard ERC20 token based on the Ethereum blockchain and that can be tradable on token exchanges.
Ethereum & IPFS
Gilgamesh uses blockchain technology to create a democratic, secure, and uncensored platform. The Ethereum smart contracts will be used to create an ERC20 utility token that incentives users in proportion to their contributions and ensures fair governance by the community.
As a result, the Ethereum blockchain is perfect for decentralised, uncensored, secure and open platforms.The Gilgamesh platform encrypts all sensitive information and books files, storing a file system distributed over IPFS to ensure security and prevent censorship.
Monetization
The Gilgamesh platform obtains GIL tokens from paid ads by authors and service providers and platform fees charged by service providers. The platform also obtains GIL tokens from book sales commissions, in particular from self-publishers who sell their books on the platform. The GIL tokens obtained through the platform are reinvested in the ecosystem so that Gilgamesh can grow organically
Buyers of GIL tokens, service providers, users and the Gilgamesh team are all token holders on the Gilgamesh platform. Token holders are responsible for making suggestions and voting on platform governance. As a result, the voting power in the Ethereum block chain is maintained through the use of smart contracts to ensure a fair market economy is maintained.
The Problem
Books have been our main source of knowledge for thousands of years. However, with the advent of new technologies and the internet, there is no simple, meaningful, and productive platform that encourages book readers and authors to connect, engage, and gain knowledge.
Instead, the market is full of stagnant and outdated platforms that no longer satisfy the demands of the book community.
Authors and readers are not connected
Readers can’t socialize and share knowledge with other readers
Authors don’t get real-time feedback and reviews of their books
Publishers are the middleman
Powerful publishing companies control the industry by limiting authors’ ability to contribute to the market, earn a fair wage, and retain the rights to their work.
By maintaining control of the industry, publishers ensure their position as an intermediary in most book publications and sales, and earn high commissions with minimal threat to their position in the publishing process.
In general, publishers are nothing more than middlemen infringing on authors’ rights and taking advantage of the power they hold. The influence publishers have creates a barrier to communication and access among authors, publishing service providers, and readers.
Publishers hold all the monetary and legal power
Publishers prohibit open communication between authors and industry-based service providers
Self-publishing requires too much start up capital for most authors
Authors are leaving the market to earn a living wage in other industries
Gilgamesh Platform is the Solution
The Gilgamesh platform provides a unique, simple user experience that encourages readers to engage and connect with one another, consume more informative content, and gain knowledge.
The platform is an open market for users to socialize; find, buy, review, and discuss books; and directly influence the publishing industry. Authors will be able to publish their work through service providers and receive the full financial benefit of their sales on the platform, which will bring new authors into the market and influence the way people consume books.
Readers, critics, and authors can connect socially
The platform revitalizes the book industry and creates a friendly and fun environment for the book community
Gilgamesh removes the publisher as middleman; authors can purchase services from self-publishing service providers on the platform
Authors and service providers earn a fair, living wage for their sales and services
Users create their own opportunities for success and become happier, more intelligent people
Roadpam
From January to March 2018, Gilgamesh conducts a token sale with an aim to distribute 60,000,000 GIL Tokens. The hard cap of the sale is approximately $60,000,000.
The future roadmap for Gilgamesh: After the token sale, Gilgamesh will utilise the funds for the development of the platform. 65% of the funds will be used for the employees, 16% for the operations, 13% will be utilised for marketing purposes and remaining 6% will be used for legal procedures. Being in the planning stage, the team has already designed the front facing elements of the platform for phase one. The core of iOS application is under process too. After the token sale, the team will focus on developing Gilgamesh’s web platform and iOS development for the further releases. The second quarter of 2018 will see the alpha release after detailed research and development of iOS application. This release will focus on solving bugs and making the experience seamless for the public in the beta release which will take place in third quarter of 2018.
wp: https://static.gilgameshplatform.com/pdf/whitepaper.pdf
https://t.me/GilgameshPlatformGroup
https://www.facebook.com/gilgameshplatform
Username Btalk: MoneyMayskiy
Link Btalk: https://bitcointalk.org/index.php?action=profile;u=1638175
Wallet ETH: 0xecfB5cD15681BaC8DFF4D0967bb9097d4d04425c