Blockchain to Decentralize Software Development

From this article you will learn how Ellcrys will create a collaboration network for building open source software products collectively using blockchain technology
22 January 2018   5088

Current web service providers limit organization accounts to only support a single owner who is granted unlimited access to add and remove users and manage the account and all resources. This is a fundamental issue that needs to be solved before decentralized, effortcentric internet organization is possible. On Ellcrys, a git repository is the centre of all collaborative endeavours, which is multiowned, and anyone can fetch its content, push contributions, verify and vote for pull requests and other proposals.

What is Ellcrys?

Ellcrys is a blockchain network that will allow anyone in the world start, join or contribute to open source software products and receive compensation for their contributions. Users will be able to create decentralized Git repositories that are censorship resistant, highly available and can be truly owned by multiple persons. Repositories can include all kinds of codes for different purposes such as web services, smart contracts, mobile apps libraries/packages, frameworks etc. Ellcrys blockchain decentralizes a git repository by bundling and distributing git objects across the network.

What is a Source-Level DAO?

  • A Source-Level DAO (SDAO) is a democratic enterprise where a decentralized source code repository is the epicentre of all collaboration and governance activities
  • Source-Level DAOs are a living, constantly evolving repositories that allow anyone in the world to contribute their skills (coding, design, testing etc) to a shared goal
  • Source-Level DAOs can be executed as smart contracts or deployed anonymously to AWS, Heroku etc
  • Source-Level DAOs deployed on centralized systems run autonomously without interference from the DAO contributors
  • Centrally deployed SDAO are extremely scalable and are deployed from the blockchain


Ellcrys advantages

  • Decentralized Git Host: To enable open, trustless, democratic collaboration, Ellcrys leverages Git to allow anyone around the world to easily contribute to a project. Ellcrys blockchain decentralizes a git repository by bundling and distributing git objects across the network.
  • Polyglot App Hosting: Ellcrys is taking an approach that will bring transparency at the repository level. Collaborators collectively contribute to a repository and create proposals that authorizes any centralized polyglot hosting services of their choice, deploy and configure their application directly from the blockchain.
  • Smart Contracts: Ellcrys smart contracts are repo-addressable; This means that transactions are addressed to the repository they were loaded from as oppose to the contract address. Ellcrys will support development of smart contracts using languages such as Javascript, Go, Ruby & Python.
  • Open Source Software: Ellcrys will allow open source projects the ability to create paid branches that attract a fee to fetch. Maintainers and contributors can benefit from paid issues created by users. Contributors will earn coins when their pull request is accepted by project’s community.
  • Software Outsourcing: Ellcrys will level the playing field by allowing anyone outsource their software projects, set price as low as they can afford and allow independent developers take up task based on their preferred pricing.

Ellcrys RoadmapEllcrys Roadmap

StackMint Technology

New coins are introduced into the network through a process known as StackMint. StackMint is one of the fairest method of global coin distribution in that it allows anyone in the world to exchange national banknotes for new coins.

  • Anyone in the world can take a photo of any supported banknote using a mobile phone
  • Send the photos of banknotes to a network node for validation
  • Node on network analyse banknotes and rejects invalid banknotes
  • A second validation phase requires users to validate banknotes manually, users bet some coins and provide a validation result for a banknote
  • After validation and acceptance of the banknote, new coins are created and shared between the owner of the banknote and the validators

Ellcrys Stackmint TechnologyEllcrys StackMint Technology

Ellcrys Token Sale Information

Ticker: ELL
Pre-sale. from Feb 1, 2018 to Mar 1, 2018
ICO. from Mar 30, 2018 to Apr 30, 2018
–Token price. Pre-sale. $0.08
ICO. $0.1
Total Supply. Pre-sale. 800,000,000
ICO. 900,000,000

Ellcrys Tokens DistributionEllcrys Token Distribution

Soft Cap. Pre-sale. $1 Million
ICO. $5 Million
Hard Cap. Pre-sale. $30 Million
ICO. $55 Million
Bonuses. up to 35%
–Accepted currencies. BTC, ETH

Ellcrys Advisors

  • Victor Asemota - Co-Founder, Director at SwiftaCorp
  • Emeka Okoye - Senior Semantic Web Architect at Cymantiks
  • Lanre Oyedotun - Co-Founder/CEO at Delivery Science Inc
  • Chuka Ofili - Co-Founder, Chief Enterprise Architect at Delivery Science
  • Ebot Tabi - Senior Technical Consultant at Andela


  • Whitepaper
  • GitHub

More Information

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  • Medium
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  • Facebook
  • Telegram

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Top Ongoing ICO 30th September - 6th October

Check these cool new ICOs: PlutusX, Rays Network, INGOT COIN, Multiven, Tresorio HUB, PARQ and Remoneta
30 September 2018   398

Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news!

Current list for quick navigation PlutusX, Rays Network, INGOT COIN, Multiven, Tresorio HUBPARQ, Remoneta

Ongoing ICO

Don’t forget to read to the bottom and take part in our poll about upcoming ICOs.

1. PlutusX

Hype.Codes rate  92

PlutusX’s mission since its inception in 2015 has had one core drive: to reinvent the way investing was perceived. We planned on disrupting the status quo by providing tools that otherwise would have been exclusively reserved to the ultra-wealthy. We have now advanced our mission with the progression of blockchain technology and decentralized tools, that will allow us to take our mission to a global and borderless platform. The potential to satisfy the demand for aggregated financial services in the crypto industry is perhaps the most exciting banking development of the past 100 years. The prize for those who are successful is a place on a global banking landscape that can never be matched by any traditional banking development plan.

Vote for this ICO

Sales dates: Jun 27th - Oct 30th
Accepted currencies. BTC, ETH, LTC, XRP, Fiat
Soft cap $3M
Hard cap $38.4M
Website and Whitepaper 

Back to the quick navigation list

2. Rays Network 

Hype.Codes rate  90

Rays Network is based on a whole new blockchain technology which is growing and improving all the time. For a few years now, blockchain technology has been increasingly adopted, but there are still many problems that hold this technology back from going mainstream. Rays Network is looking to solve many of these problems. Rays Network is a cryptocurrency that aims to Revolutionize your experience within the cryptocurrency world. We have identified common cryptocurrency issues ranging from usability to how decentralized systems operate. We are adopting known features inside cryptocurrency world such as Delegated Proof-of-Stake (DPoS) and Bulletproof algorithm but we have modified features to accommodate our community’s needs.

Vote for this ICO

Sales dates: Jul 1st - Dec 31st 
Accepted currencies. ETH, BTC, XSH
Soft cap $2M
Hard cap $20M
Website and Whitepaper 

Back to the quick navigation list


Hype.Codes rate  89

INGOT Coin is the first fully integrated Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and ICO Accelerator. All components are rolled into a single and complete ecosystem, which rewards token holders and consumers for using and contributing to it. INGOT Coin is a decentralized cryptocurrency which provides benefits and discounts within the ecosystem itself. IC will be based on a ERC20 technology.

Vote for this ICO

Sales dates: Jul 1st - Oct 10th
Accepted currencies. ETH, BTC, TIO, Fiat
Soft cap $37M
Hard cap $90M
Website and Whitepaper 

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4. Multiven 

Hype.Codes rate  85

MULTIVEN OPEN MARKETPLACE: The world’s first blockchain-based marketplace for the global $3 Trillion IT products and services Industry. - Reduce your IT hardware, software & services costs by up to 75%. - Decentralise your procurement worldwide. - Buy and sell, new and used equipment, peer-to-peer.

Vote for this ICO

Sales dates: Jul 1st - Oct 9th 
Accepted currencies. ETH, BTC, LTC, EUR, USD
Soft cap 10M EUR
Hard cap 50M EUR
Website and Whitepaper 

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5. Tresorio HUB 

Hype.Codes rate  80

Tresorio HUB is a transparent, decentralized, sustainable and scalable ecosystem, accessible through a cloud platform, our HUB Platform, allowing an easier access to computing resources. These resources will be used for various use cases such as blockchain mining, 3D rendering, Machine Learning model training, or complex scientific computations. The HUB platform will be powered by our Green Network’s clusters and smart-boilers, as well as computing resources made available from thousands of contributors through decentralized marketplaces. Our ambition is to create an efficient ecosystem, democratizing access to computing resources to all types of users. We aim at disrupting the centralized paradigm in Cloud Computing.

Vote for this ICO

Sales dates: Jul 5th - Oct 31st
Soft cap 7600 ETH
Hard cap 109,6k ETH
Website and Whitepaper 

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6. PARQ  

Hype.Codes rate  79

Parksen combats worldwide traffic congestion and pollution through a Green, Smart and Connected City Platform, which utilizes the IOTA and Ethereum blockchain, smart contracts, IoT devices, artificial intelligence and a real-time parking app. The Parksen parking app, running in over 100 Dutch municipalities, allows drivers all around the globe to find and pay for their parking spaces in advanced, showing them the closest one to their destination, saving them money, time and frustration, as well as helping to reduce CO2 emissions. We receive a 5% kickback fee on all parking transactions that were activated by our cloud based SAAS solution, and by distributing smart, low priced IoT devices and a free-to-use platform to commercial parking providers and local, regional and national governments, we aim to disrupt a 100 billion dollar industry.

Vote for this ICO

Sales dates: Aug 1st - May 31st 
Accepted currencies. ETH, BTC, Fiat
Hard cap $19.5M
Website and Whitepaper 

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7. ReMoneta 

Hype.Codes rate  80

ReMoneta Taking crypto to the mainstream ReMoneta is the only land-backed system in crypto, delivering real measureable and stable value today. ReMoneta is a strongly-capitalised ReFinTech company based in the EU combining real estate, finance and technology. At the centre of ReMoneta is our community. Together we have designed a frictionless hub - the safest and most stable integrated online currency system in the market. It is the only online currency and payment system with a fully stable price, zero transaction costs, large scaling and instant network verification, land backed and totally secure where community members and retailers earn money from "community mining" via their real world actions to promote positive global values and the community. The system allows micropayments - opening up a new industry as well as members being able to create code or even a business node on the network. ReMoneta solves the key problems in crypto today, creating a central hub between crypto and commerce, allowing crypto to go mainstream.

Vote for this ICO

Sales dates: Jul 24th - Oct 31st
Accepted currencies. ETH, BTC, Fiat
Hard cap $5M
Website and Whitepaper 

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What is Hype.Codes Rate? team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:

  • Landing webpage design
  • Completeness of information provided on the landing webpage
  • Convenience of information search on the landing webpage
  • The concept itself
  • Whitepaper
  • Reputation and accessibility of information about the project team, their experience
  • Project activity on social networks
  • And many other

We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups. 

Top Ongoing ICO 30th September - 6th October Poll

We are constantly updating the list of top ICO and we would like you to share some thoughts on which Token Sale from 30th September to 6th October is the most appealing to you. Which one seems interesting for you to invest your funds, and which one, in your opinion, will bring the most profit? Please, select one of the options below