Cryptocurrency: ERISTICA Network

Global Decentralized Platform of Personal and

Mass Challenges on Smart Contracts

Eristica project comes in given that it is designed to unify challenges into one single mobile platform, where users post videos with their challenges, challenge others and compete for top places in the overall ranking. 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.Eristica will create a new direction for development and it will be able to spearhead the evolutionary breakthrough in the FunTech industry, Eristica project intends to resolve the mentioned issues with the help of blockchain technology and smart contracts. 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.

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. Tokenization of the platform’s economy will offer the opportunity to get a reward for winning challenges, receive a virtual reward from 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. This project is the ability to digitize the industry coupled with democratization and unification of all business processes in the platform. The platform brings offline challenges to online with the help of a user-friendly interface. Democratization will make the industry affordable to everyone. With a single click, one will be able to challenge thousands of participants to compete or guess the winner of the current challenge and get rewards for it.

Eristica will also create a platform where different types of people can interact with each other thus creating a level of synergy in the process. The creators of crypto-projects get access to a new active audience, independent developers get the platform, where they can implement their ideas. The community of Eristica, on the other hand, will have an opportunity to get a rewarded for activity and contribution to the development of the project. The Eristica project is the gateway to the world of the crypto-industry for the ever-growing community-minded and committed project audience. Eristica intends to democratize the existing challenge industry and make the new crypto experience seamless for both new and existing users.

https://eristica.com/

Financial indicators and fees in the industry of Bets and Challenges are not uniform and sometimes the disparity can be exorbitant. Bets are usually subject to bookmaker or intermediator firms meaning that the fees can rise up to 20%. Eristica sets a single bet for all types of bets, challenges, and competitions, that is 3%. This is bound to become a standard in the industry and create a flow of customers from more expensive platforms. Eristica team focused on the rapidly developing region of Southeast Asia and India which is known for high demand for local entertainment content. That was one of the reasons why Eristica was invited to participate in the acceleration program of the startup Mobile Only Accelerator (MOX), managed by the SOSV fund. This market became both an opportunity and a technological challenge for Eristica. The application was rebuild to work in the area with low-speed Internet:

The size of the application was reduced to 7mb
Phone RAM consumption was decreased
Eristica app was optimized work in zone of 2G internet

SOSV helped to get deals with major electronics manufacturers (OEMs) concerning pre-installing the Eristica application on new smartphones sold countries like India, Indonesia, Thailand, the Philippines, and Russia.

Digital Economy

1. Wallet

The wallet is a basic and an on-demand service for the use of cryptocurrency, which will be implemented in every account on the platform. The wallet features will allow users to transfer, withdraw and receive tokens. The intuitive interface shows the transaction history made through Challenges. Cryptocurrency has been known to be quite complex and one of the Eristica goals is to simplify the experience for the mass user. The Eristica crypto-wallet is thus first step in acquaintance with the new world of blockchain for the audience of the project.

2. Eristica Game API

Initially, Game API was intended to be an experiment based on observations and analysis of the actions of the platform’s gaming audience. Gamers made challenges concerning the one who would score more points or who would complete the level with the best result. This is a simple and easy-to-use software interface will make it possible to integrate Eristica services into games on various platforms. Gamers can win Eristica tokens in challenges with friends and spend them on in-game purchases inside the game right after that. Circulation of tokens will run through both the Eristica platform itself and the partner applications with economic links, thus, forming a strong and lively ecosystem.

Development goals: Using the experience of the industry, the Eristica project will create its own Challenge foundation aimed at the promotion, adaptation, and growth of the platform ecosystem. The rewarding mechanism promoted by the foundation will become a natural incentive for digital service providers to join the Eristica ecosystem.

Eristica token issuance

The main mission of the Eristica project is to create a full-fledged crypto-economy in the digital entertainment space where tokens are the main tool for all interactions within the digital ecosystem. Eristica intends to use crypto to make the democratization of challenges economy, including creation, participation, and rewards for challenges more efficient, fair and affordable.

Token Name: Eristica
Token Symbol: ERT
Pre-sale of tokens: September 1, 2017 (45 days)
Main ICO start: December 7, 2017
ICO closing: February 7, 2018
Hard cap: $10.000.000
Total number of tokens: 687.575.392 ERT
Currencies approved for payment: BTC, BTS, ETH, LTC, BCH
Token Allocation: