Ellcrys is a new blockchain that will allow people build community-owned software products and organizations. We are building a decentralized source code hosting platform that will make it possible for people to contribute and build open source projects and organizations where there may be no leader or headquarter and consensus is achieved through voting.
People contributing to open source will be natively rewarded with new coins when they successfully contribute to a project. Communities will be able to build software solutions for consumers and enterprises, share revenue and grow in relevance within our ecosystem. We believe existing and future decentralized projects will leverage Ellcrys for complete trustless, leader-less collaboration where their source codes can never be censored or made unavailable by any central authority.
The Ellcrys tokens will be implemented as an ERC20 token on the Ethereum blockchain. When our main network is live, there will be a publicly announced swap event for the native, main network token. The Ellcrys token is an important part of the Ellcrys ecosystem.