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TEAM ICO Launches Blockchain Register of Projects & Who Contributed to Them – A Veritable Distributed Contribution Graph

TEAM ICO Launches Blockchain Register of Projects & Who Contributed to Them – A Veritable Distributed Contribution Graph

Establishes the first global uneditable methodology for project participants to assess a project contributor’s reputation, assign a fair equity split in early projects or even automatically compensate team members for the work they have done.

Gent, Belgium – September 4, 2017 – While sites like Linkedin provide a glimpse into a person’s background and qualifications, it is too self-serving and offers little to no verification. Clearly, there must be a better way, and TEAM ICO has developed a methodology to incorporate blockchain technology to create a universal “Contribution Graph”. In other words, a verified, distributed & immutable register of projects & who contributed to them. Such a system can answer the following question: Who contributed what, where? e.g. “Linus Torvalds created the Linux Kernel” or “Brian Chesky co-founded AirBnB in 2008”. Such a register can be of tremendous value to the creative professions in the Open Source and Startup communities.

The TEAM Contribution graph can be used to assess a project contributor’s reputation, assign a fair equity split in early projects or even automatically compensate team members for the work they have done. There are 3 main components required to build such a graph: People, Roles & Projects. Roles (e.g. “CTO”, “Designer”, “Developer”) form the edges linking together People & Project nodes in a graph. Project & Role descriptions are reached by voted consensus among the People participating in a project. Unlike Linkedin, contributors could not edit past entries, as this can only be done by a consensus of the group.

TEAM ICO’s start date was Sep. 1st., 2017, and the end date is Sep. 15th., 2017. The ticker symbol will be TMC and the TeamCoin token will be a standard ERC20 token. A TMC token is a utility token that people will use in the network to pay for initial identity verification and vote on project and role descriptions. The token will be tradable immediately after the ICO ends and usable in the TEAM network in Q4 2017. 

The ICO’s contract code has been published on Github together with an example use case showing the utility of the TeamCoin token. TeamCoin Tokens will automatically be assigned when a buyer sends ETH to the contract address. Of special interest to prospective buyers are two documents: The Whitepaper outlining the system & ICO buying guidelines. MD5 hashes of these documents have been published inside the ICO Contract for sophisticated buyers to verify authenticity.

For complete information, please visit: http://teamco.in/

Media Contact
Company Name: Francis Dierick
Contact Person: Media Relations
Email: [email protected]
Phone: +32487758971
Address:Henleykaai 60
City: 9000 Gent
Country: Belgium
Website: www.teamco.in/

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