Imminent ICO of Uber-like decentralized “SilkRoad of Sex” from Eros

Jul 05, 2017 at 10:05 // News
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California-based Eros has announced the future release of the first decentralized marketplace tailored for sexual transactions.

Coming up with an entirely fresh take on the world’s oldest profession, the platform expects to be the “SilkRoad of Sex”, in reference to the famous marketplace that introduced online shopping for items that were until then confined to the street, narcotics.

Customers will be able to book an escort in only a few minutes, compare prices and offerings, and interact in a totally digital fashion, including Uber-like escort tracking. More notably, the platform combines two technologies (Zeronet and Ethereum) in order to offer a censorship-proof platform that can be visited from virtually any country in the world.

Crackdowns by authorities were, until now, a common issue that centralized platforms operating in this controversial industry used to experience. Eros claims 100% censorship resistance, similar to the ZeroNet-based PopcornTime for the filesharing community, which proved to be a much-welcomed initiative when the original, centralized version was shut down by law enforcement authorities.

A reputation system based on review aggregation, inspired by the work of MIT scholars, called Beaver will also ensure optimal transparency for all parties involved, in an Amazon-like fashion. Michael O’Brien, the founder of the company, argues that:

“The lack of transparency - and trust- was one of the biggest drawbacks of this somehow particular yet extremely common activity that is prostitution. By adding transparency and removing girls from the street, we believe that we’ll have a considerable positive social impact while satisfying the sexual needs of millions of people over the world.”

 Michael O’Brien

He added: “A recent Newsweek study showed that on a worldwide scale, the percentage of men who ever bought sex ranges from 16 to 80% depending on the country. All ages, races, religions, and backgrounds do it. Rich men do it, and poor men do it.”

To fund development, as well as marketing expenses, an ICO is set to begin on July 10, and the team plans to raise at least US$1M. The tokens will be associated with various incentives on the platform from booking rebates to dividends, and it’s safe to assume that the tokens are likely to encounter positive reception upon their release on exchanges.

“We’re the first Ethereum dApp to solve a mass-market problem. The team is working really hard to meet the deadlines and is super excited about the mission, so I’m totally confident that investors and markets will be too.” Eros’ CEO concluded.

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.

Nota bene

Coinidol does due diligence in researching the content matter before the publication of any text, especially if it's provided by a third party and paid as an advertising announcement.

Coinidol's team searched for information about the Eros project on Google and found suspicion from Reddit users that it could be a scam, and that the whitepaper is plagiarised.

We have an obligation to warn our readers to pay attention to this fact because this publication is provided by a third party.
Coinidol didn't carry out in-depth research of the project to prove or disprove this fact. But we have asked the CEO of Eros, Michael Carter O'Brien, to comment on the main questions of the community.

He responded to Coinidol about the plagiarism of white paper and accusations of being a scam project:

"Kevin Yang, our CTO, initially used several chunks of the original MIT publication since he implemented them into a practical NodeJS application, without making sure to properly credit the original authors for each of these references.

Upon notification, we promptly modified the link on our website, and as you can see right now, full credits are given to the MIT team for the excellent reputation system they came up with and that will represent one of Eros' three major components. We've nothing to hide about this and we're definitely proud to use the MIT's work as a basis of our reputation system.

The arguments listed in this post are ridiculous: most of Kevin's Github contributions were made on private repositories, as for most developers. I guess that people will realize how serious we are when the ICO will be done and more importantly, when'll be one the first ICO team to release a working beta,  way ahead $150M funded projects."

Coinidol recommends readers to do their own in-depth research on the matter.

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