Most tokens were developed to solve a problem, and Developeo is no different. According to the whitepaper, it was created to solve problems of the 4th industrial revolution. This include open source and Commercial Software Development. It also offers other ambitious targets which include;
• DEVX Bootcamps
• DEVX Marketplace
• DEVX Advisory services
• DEVX Certification
• SEVX University
Okay, we are moving too fast. Let’s slow down a little and start again from the beginning.
What is Developeo?
As said earlier, Developeo was created to solve different needs that’ll arise for mankind. It was created with the expectation that the demand for people who have a working knowledge of softwares and new technologies will increase.
These are the people that adopt technological breakthrough such as, Blockchain, Data Science and AI. That means, all other professions would need to learn about AI and coding or lose their jobs. Developeo was created for the fourth industrial revolution.
The developers of this platform intend to create a large user base for developers and potential developers that will include a reward system and established models. They intend to create an economic model where users can make transactions in either fiat or Developeo token.
The platform was designed to offer a discount everytime a Developeo token is used. It also directs new users or potential users to make their transactions in this fashion. What advantage does this confer, you ask? It creates a high demand for DEVX token in the market.
The developers of Developeo explained that their economic model was designed to make every member of the community happy. Also, the current models of developers in the ecosystem are expected to feed on each other.
Now that you have a rough idea of what Developeo is all about, let’s consider the economic models one after the other.
The Developeo Models
Outlined below are some of the DEVX models in the whitepaper.
The Developeo Bootcamp
This bootcamp was created to raise software developers or potential software developers who have a complete knowledge of the practice and the latest technologies associated with it. According to the Developeo team, this bootcamp sector has grown because the of the failure of the current university system to raise high quality and specialized developers.
Although the Developeo bootcamp is growing very fast, it is still considered expensive. This is due to the large number of people that have expressed interest in joining the bootcamp. This has allowed the team behind the platform to cater to human resource need in AI and other technological niches.
Furthermore, the high income generated can be allocated to other rewards.
Developeo Certification
Developeo certification was created to uphold the certification and information requirement of the sector. It was targeted towards programs that are comprehensive, but short as a week. The certification assures students that the program is of high quality and it’ll also allow the platform become the most reliable institution.
Developeo Marketplace
The team had one thing in mind when they designed the Developeo marketplace; to provide the most well-matched business offer to users. This comes from an understanding that developers with Open Source background are usually passionate about their work and may not meet clients.
Consequently, the platform recommends the most qualified person to businesses, with the main goal of creating a great match.
The Developeo University
This is the primary aim of the Developeo platform. They aim to create a university system that offers a Next-Gen education model. It’s supposed to be a future-oriented institution filled with people that are equipped to create the type of future they want to live in.
All the students will be expected to use Developeo platform. Furthermore, the student portal and admission process will involve the use of DEVX token and Developeo platform.
How Developeo Works
Members of the open source community can log into Developeo’s platform using their Github account. The platform is supposed to consist of developers and project managers. While the developers will committed to contribute to open source projects, the project managers are expected to oversee software development and evaluate the quality of code committed.
The project manager will have the power to approve or reject a contribution. Also, community members will be able to vote on codes that were submitted. This is only possible through decentralization.
The Reward System
Developeo aims to revolutionize the open-source ecosystem through the introduction of a token based reward. Software engineers will receive a token reward based on the quality of code contributed and users will be able to exchange such token for fiat or for other cryptocurrency in any exchange.
The community project managers and the community are expected to review any contributed code before reward can be distributed into the developer’s wallet.
Developeo is expected to be built on the Ethereum blockchain. This will enable the talented software developers that are supposed to receive a reward for their code to do so through smart contract. The reward will be in form of DEVX tokens, with an initial number being 60,000,000.
The tokens are expected to grow with each takeback and reach a total of 100,000,000 USD level. Of course, this is due to the platform's policy on revenue share by the revenue models. There is also the good economic planning which will lead to a continuous takeback.
The long term consequence of this is that, developers will be able to establish a wide network of talented developers in an efficient manner.
Target Market
Although Developeo was created to preserve and promote the open source community, the platform offers various revenue streams that come from a need to fill serious market gaps. Based on this, Developeo’s target market can be narrowed down to;
- Next-Gen Bootcamps
- Software Development
- Digital Expertise
- Certification
- Next-Gen Education
- Advisory services
The DEVX Token
The Developeo token is expected to be a native ERC20 token with the ticker DEVX. The token is expected to be a utility one. As such, the purpose extends deeper and its value will not be controlled by mere speculations. It is expected that the DEVX token will have numerous application within the platform.
Some of these applications include;
• Serving as a reward for submitted codes on the platform or open source project
• As an exchange medium in the Developeo marketplace
• Used to pay for registration for Bootcamps, certification and University
The team behind the platform intend to make the DEVX token a basic part of the operations, including the user experience of the platform. It is expected that this will lead to an increase in the demand for the token as the user base of the developeo platform increases.
Therefore, we’ll have a token whose price is driven primarily by utility rather than speculation.
The Initial Coin Offering
The team behind the Developeo project intends to fund it in its development phase. This is will be done through a token sale that’ll occur between Q1 and Q2 of 2018. As far as infrastructure is concerned, the potential user base of 10 million makes it necessary to develop the platform in a scalable way.
As said earlier, the total supply of DEVX tokens is 600,000,000 and 480,000,000 DEVX will be allocated for private presale, public presale and public ICO. The other 120,000,000 DEVX will be reserved for Developeo. Let’s break it down, shall we?
Out of the 120 million DEVX token that is retained for Developeo, 20 million of it will be allocated to the tokens founders and another 60 million tokens will be kept in the Reserve and used as Reward.
Some 20 million tokens will be used to create an extra layer of protection against market speculations and 15 million tokens will be used to reward bounty service. The remaining 6 million tokens will be reserved for the team behind the project.
Please note that the hard cap of the token sale is 480,000,000 DEVX tokens.
The Developeo Timeline
The private pre-sales is supposed to begin in the first quarter of 2018. In addition to this, the team is expected to use work on the media and PR. There also supposed to be an expansion of the team. Before the end of the first quarter, the community management should be well setup.
The Beta version of the platform should be up and running at the beginning of the second quarter of 2018. This is when the Pre-Ico is supposed to happen. At the middle of Q2, the platform is expected to be ready. And the ICO event will take place immediately after this.
The Q3 of 2018 is all about the API, increasing the marketing and seeking more sponsorship for the platform. The last month of the quarter will be dedicated to media and PR.
The first bootcamp is supposed to take place in the fourth quarter of 2018. In addition to this, the first certification is also supposed to take place. At the end of the year, the platform should be in a research and development phase.
According to the Developeo whitepaper, the establishment of the university is not supposed to occur until 2020 to 2021.
Source
Website: https://www.developeo.com/
Whitepaper: https://www.developeo.com/DevWhitepaper.pdf
Twitter: https://twitter.com/Developeo
Facebook: http://www.facebook.com/developeodevx
Telegram: https://t.me/developeo
ANN Thread: https://bitcointalk.org/index.php?topic=3075079.0
Authored by: gbenga88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874687
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4