Experty Review

Experty Review

Experty Review

The number of ICOs virtually exploded this year which resulted in becoming harder and harder to stumble upon a solid investment opportunity. Whether their regulation has not been fully formulated, or in case that they are coping with legal issues in many countries, many potentially great projects don’t get the exposure they deserve. We aim to change that by bringing you only the freshest and most promising blockchain-based projects. Today, we are introducing Experty, an Ethereum-based platform for helping influencers and advisors reach their target audience more easily. Using the dedicated token, their services are monetized, and everything is documented right on the public ledger, thus bringing some much-needed improvements to this industry. And what’s best, it’s still in its pre-ICO phase, guaranteeing exquisite bonuses to early investors! Interested in hearing some more? Read our review and learn all about this promising new project!

How Experty actually works?

As we have already mentioned, Experty serves as a platform for connecting advisors and users seeking for particular advice. It is based on the famous Ethereum underlying blockchain, and is basically a form of decentralized application or dApp. Its main flow is actually pretty simple, and we’ll demonstrate it on a simple example.

An expert is offering advice regarding law, and an advice seeker is looking for a proper information regarding particular legal problem. Expert has provided a certain fee for his services – for instance, one minute of phone call will cost 3 dollars. If the advice seeker accepts to establish a phone call, application will automatically calculate required amount per minute to Experty tokens. Seeker will then deposit to his Experty account by using one of available methods, including credit cards and other cryptocurrencies. A phone call is established, and after it has ended, a corresponding amount of tokens will be transferred from seeker’s wallet to expert’s wallet, thus ending the value-for-knowledge exchange.

That’s pretty much it. Simple, yet intriguing, right? However, in the world of ICOs, you have to think critically about each aspect. For instance, why does Experty need blockchain technology? Could it be done without it? Read on and find the answer!

Does Experty need blockchain?

There are many reasons why Experty developers have chosen blockchain to serve as an underlying technology. First of all, it solves the problem of executing payments. Due to the fact that smart contracts which are running on Ethereum platform are basically pieces of code that are executed when specific conditions are met, a problem of human factor is fully bypassed here. Services are charged as they last, and only in the exactly corresponding amount – not a dime more or less. Furthermore, because all funds are located only on the blockchain, and not by company itself, it simplifies the legal frame and discards a lot of potential paperwork. And finally, payments are almost instantly processed, and due to blockchain transparency, third-party partners can quickly track successfulness of their employees.

As you can see, Experty could exist without blockchain, but this way it is capable of providing much more functionality to future clients. And who might profit from using this app? Keep on reading and find out!

Experty Advantages

Experty Advantages

Possible use cases for Experty platform

A lot of experts and advice seekers could profit from being a part of Experty ecosystem. For instance, lawyers could give legal advice at any time of the day via phone. Same goes for healthcare workers who want to monitor the state of their patients, especially those less mobile. Business advisors may give brief proposals and opinions regarding optimizing businesses of their clients. Professors could give clarifications regarding classes privately and be reached by students at any time, and language learners could have a call with a native speaker when available. Monetizing contact can bring extra profit to popular YouTubers, celebrities and influencers, but it can also simplify the process of donating to charities. And this is just the tip of the iceberg – more usage will result in more applications of this platform. But who stands behind the whole project? Read on and find out!

Experty Use Cases

Experty Use Cases

The team behind Experty

Although the company is based in Switzerland, it is actually founded by people from Polish development company React Poland. They have over a decade of experience regarding designing, creating and implementing custom software solutions, as well as in customer support and consulting services. Experty was developed by a team of 15 people, with positions ranging from executive officers and managers to full stack, Solidity and mobile developers, as well as QA engineers. Judging by their previous references regarding various custom solutions, the team will have no problem in delivering high-quality product.

Apart from team, 15 advisors are present in the company as well. They will be tracking the progress of platform development, using their valuable knowledge to curate the process and implement best practices from various industries. All advisors are having important roles in the world of blockchain technology, either as developers, executive officers of blockchain-based companies, influencers and various specialists. These include Moe Levin, the founder of prominent Blockchain Forum, Nicolai Oster from Bitcoin Suisse, Craig Sellars from Bitfinex, Pawel Bylica who used to work for Ethereum and Golem and many more. As you can see, Experty is backed by a rock-solid team, so we expect nothing but a top-notch product in the first quarter of 2018. However, prior to actually creating a working product, an ICO will be held in about thirty days, where you can get significant early entry bonuses. Read all you need to now in the next section!

Experty Team

Experty Team

All you need to know about Experty ICO

The initial coin offering event will start on January 31st, and will last until February 10th, 2018. There is an additional proof-of-caring event that is currently opened and will last until January 15th. Here, potential backers can earn additional on initial coin price and amount by spreading the word about the project on social networks. Bonuses are divided into 4 tiers, depending on the effort you’ve made on promoting the project. Tier 4 will give you whitelist entry for token sale, while Tiers 3 and 2 will give you 10-20% bonus over the ICO price per token. Tier 1 grants you 40% increase of price and fixed amount of 1000 EXY tokens, while Partner Tier increases bonus to 60%, while adding up extra 5000 EXY tokens to your wallet.

As for the sole ICO event, the team plans to reach at least 2000 ETH soft cap, while hard cap is set at 9 million dollars or 33 000 ETH tokens. Total token supply of 100 million EXY tokens will be distributed as follows – ICO contributors will get up to 33% of total sum; other third will be given to company and vested for three years, releasing roughly 1 million tokens per month; 30% will be given to partners and locked for 18 months, while the rest will be spent on marketing costs, airdrops and bounty incentives. ETH, BTC and multiple fiat currencies are accepted through partnership with Bitcoin Suisse, with the fixed exchange ratio of 1000 EXY tokens per 1 ETH. Profits from the ICO will be mainly spent on product development and marketing efforts, while also funding long-term market research and various legal tasks. Bear in mind that this is one of the first ICOs boasting an upgraded version of classic Ethereum app token, called ERC223. While fully compatible with older version, it also requires less computing power for execution, as well as nullifying the risk of losing tokens after sending them via incompatible contract.

Experty Token Distribution

Experty Token Distribution

That’s pretty much it regarding this project. Based on the published product roadmap for the next two years, there are many upcoming events. Initial development efforts will be focused on building cross-platform Experty beta applications with corresponding core functionalities. In upcoming versions, security audits and light Ethereum wallet will be added to the app, and market release is planned for the last quarter of 2018. By investing additional effort in incentivizing users to engage with the app, and making additional improvements to the ecosystem mentioned in the roadmap, this might become a true disruptor of a growing industry, now worth more than 130 billion dollars. And now, it’s time to wrap up our Experty Review.

Final thoughts about Experty

As our review has clearly shown, Experty might become a next big thing in the world of crypto. Great use cases, solid backing team and a wide palette of skilled advisors, fair ICO terms and realistic roadmap – all these features are suggesting that mainstream success is imminent. We can advise you nothing more but to take a shot with this promising platform – caps are fairly low, and so is the minimum investment. Who knows, maybe your initial investment can result in massive growth in a fairly short time span. Safe trading!

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Author: Ben Prescott
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