Enkidu (ENK) ICO review
BUILD YOUR DIGITAL TEAM
Enkidu offers a global collaboration platform where individuals can find like-minded collaborators - designers, engineers, developers, creators,
e-commerce experts, content writers, small ticket investors and even coffee brewers. All of this on a public platform with each individual carrying a rating.
INSTANT PAYMENT SPLIT and SMART CONTRACTS
On Enkidu, multiple collaborators can "team-up" to work on a project by signing a companyless digital contract. The payment gateway is central to the project, splitting each incoming payment to its recipients depending on that collaboration's cap table.
Enkidu uses a proprietary “resolution” voting system that has a private record of resolutions (action items) passed by the collaborative entity - allowing people to vote on decisions like dilution, treasury threshold, etc. Unlike a full-blown DAO like Aragon, this resolution system is predefined, lightweight and built for organizations under 5 employees without the necessity for a company entity. The Enkidu payment gateway programmatically obeys the resolutions passed.
Passive income is every creator's dream. If you work on a small project with collaborators on Enkidu, there's a guarantee that you will continue to receive your share of each incoming payment as long as the payment gateway for the project is live and receives income. To make sure people pull their weight, a smart vesting system exists, so people will continue to receive a portion (or all) of their rewards depending on their contribution time while they were active on the project.
Enkidu has a game changing mechanism that prevents treasury and IP abuse with Enkidu holding the collaboration domain name in escrow. Like holding the keys to a store in the offline world, Enkidu creates a trustless environment because of the platform's ability to hold the domain name in escrow until transferred.
Enkidu projects can have multiple payment gateways, each with different payment splitting rules (to facilitate different reward cap tables for different "branches" of a project and to enable sales and affiliate commissions).
INVEST WITH BOTS!
Enkidu allows all types of businesses with products or services to make investmentswith their tool or service and enter payment split agreements. Eg: A collaboration that uses a CRM tool could choose to pay the CRM tool in a share of payments instead of cash if mutually decided beforehand.