Enkidu
Enkidu
Token: ENK


Decentralized Global Collaboration Platform

ICO dates
Start date: 2018-03-12
End date: 2018-03-26

Registrated in: Singapore

Platform: Ethereum
Type: ERC20

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https://enkidu.io Screenshot
Enkidu categories
Cryptocurrency Platform Smart Contract
Enkidu whitepaper
Video
Enkidu token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries United States and China
Soft cap 5000000 USD
Hard cap 30000000 USD
Tokens for sale 780,000,000
Token distribution in ICO
52%
52%
Price 1 ENK = 0.056 USD
Price in PreICO 1 ENK = 0.037 USD
Minimal investment 0.1 ETH
Acceppting ETH
Enkidu news, social
Enkidu search trends in Google
Random whitepaper excerpts

Table of Contents
Introduction
4
What inspired Enkidu?
4
“Trustless Teamwork”
6
The Problem

7
Current challenges in setting up a business across borders
7
1. Finding partners and collaborators
7
2. Setting up a joint venture is time consuming, confusing and tedious
8
3. Expensive legal and accounting fees
9
4. Conflict resolution
9
5. Manual payment splitting
10
6. Removing a partner for poor contribution/malpractice is tedious
10
7. Vesting terms are either arbitrary or hard to enforce
11
Summary
11
Market Overview
12
There’s a Blue Ocean in sight
12
Snapshot
12
Asia
12
Europe
12
Freelancers and the Gig Economy
15
Solution - Enkidu
19
Trustless teamwork on the Blockchain
19
What is Enkidu?
19
The Enkidu Flow
21
<...

The ICO
37
Token Summary
37
Token Distribution
38
Max Supply of ENK tokens
38
Token Allocation
38
Public Pre sale
39
Public Crowd sale
40
Use of Funds
41
Bounties
41
The Team
42
Investors and Advisors
45
Partners
48
Roadmap
50
Tangible Targets
50
...

Introduction
What Inspired Enkidu?
The idea for Enkidu was first conceived in July 2017, when Avalon Labs was hard at work
completing the legal process on our first global joint venture. We were no strangers to
tedious legal back and forth, considering our decade-long stint in the startup world.
When projects are small, global teams are happy; but as they get bigger mistrust often sets
in, a phenomenon lawyers have often prescribed “prevention over cure” for.
While we have worked on several local joint ventures in the past, this was our first attempt
at collaborating with our American counterparts, Alex and Zach, to build a sales outreach
tool. Christened “
Foxbound
”, our hypothesis at this point was that Foxbound would help
individuals send sequences of emails while also allowing them to scrape public records
for email addresses. Avalon Labs was going to develop this tool, while Alex and Zach were
going to sell it to the North American market.
There were several step...


When Foxbound breaks even, an agreement was drafted mentioning that both
parties would have access to the company bank account and that revenue
sharing rewards could be manually initiated by either party once every quarter.
With thousands of dollars spent on legal and accounting fees on both sides, the
team at Avalon Labs analysed why it cost so much upfront when the new company
wasn’t generating any money yet. “
Cost of doing business
” we were told.
We weren’t buying it
. Living in the Blockchain era, being big on the idea of smart
contracts while also being early investors in several cryptocurrencies led the team
to an idea that could potentially revolutionize how global teams worked, thus
saving smaller teams thousands of dollars and unnecessary conflict until they
got big enough. We asked ourselves 4 simple questions:

Was there a way we could create a platform where people could find other like-
minded individuals with different ski...

Enkidu was built with only small teams in mind, thus eliminating the need to even register a
company. We think that tackling joint ventures between bigger companies is more complex
(for now) - involving tax, regulation, third party vendor involvement and auditing. If you are
a small 3-man team selling a $2 icon set online, it made zero sense to register a company
and go through the legal and financial hassle just to ensure no frills revenue sharing.
Drawing on decades of marketplace-building experience, we spent the next 6 months not
just chalking out what the platform would look like, but also drawing parallels between the
offline legal process for global collaboration and effective Blockchain based solutions for
Enkidu.
Each edge case was mapped out, flowchart by flowchart, until we were confident it would
solve our own problems before it solved anybody else’s. This whitepaper is a comprehensive
look at those results.
-
The Avalon Labs Team
...

The Problem
Current challenges in setting up a business across borders
I. Finding partners and collaborators
II. Setting up a joint venture is time consuming, confusing and tedious for small
projects
III. Expensive legal, accounting and transaction fees
IV. Partner relationships see conflict as the business scales, mostly over
resource utilization
V. Manual payment splitting
VI. Removing a partner for poor contribution/malpractice is tedious
VII. Vesting terms are either arbitrary or hard to enforce
Summary:
When an individual’s time is exchanged for profit share instead of money, costs
and risks shoot up.
1. Finding Partners and Collaborators
With almost 3 years of experience running a popular Indian job board (Jobspire.net), we’ve
had front-row seats to the local talent shortage problem. Up until the invention of the
Internet, the only way you could collaborate with international contributors was to fly over
and meet them.
As internet adop...

Money changes collaboration
. Trust between collaborators hit an all time low and while a
majority of contributors were pulling their weight, others were slacking - something that
ideas like programmatic payment splitting, collaborator ratings, vesting and voting could
solve. At that point, the Blockchain and Smart Contracts were still in their infancy, a little
too early for Enkidu to make its appearance.
2. Setting up a joint venture is time consuming, confusing and tedious
As mentioned, finding collaborators or freelancers who were willing to trade their time away
for money is relatively easy to find. What about people who had a higher risk appetite, that
would want to build things that made them passive income? The only way of doing that
today is to solve several problems. Some of them being:

The
structure
of the collaboration

The
objectives
of the collaboration

Vesting periods and lock-ins

The

3. Expensive legal and accounting fees
In India, an Overseas Direct Investment (called a Co-operation Agreement in Ukraine, Equity
joint venture in China, and a Joint Venture in the USA) is the legal vehicle used to perform
a global collaboration. Apart from the actual value of the investment (could be nominal) for
the shares and rights in a new company that has to be formed, there are legal costs on all
sides.
If three individuals, from Bahrain, Austria and the United States are collaborating, then there
are three different sets of legal frameworks and fees to be borne individually by all parties,
ranging in the thousands of dollars depending on your choice of law firm and country of JV
incorporation. Apart from this, an accounting firm is necessary to prepare the company for
auditing (costs vary by country of JV incorporation), distribution of payroll (using PayPal,
Transferwise, etc and their fees), compliances, exchange rates and everything else under
the sun that involves money. Add on top of ...

Enkidu Roadmap

1
Q3: 2017
Idea Validation by several product heads, CEOs and VCs
Idea Validation with freelancing community (Upwork/ Truelancer) interested in passive income generation
Avalon Labs internal Solidity experiment created, led by CEO himself
Enkidu edge case experimentation
Onboarded Themis Associates (Sequoia Capital India’s Lawyers) for collaboration edge case flowcharting
2
Q4: 2017
“Resolutions" concept created and cross verified with offline legal JV process
Avalon Labs spin off and early self—funding ($50k)
First equity financing round from Purvi Capital, Chicago ($100k)
White paper research and composition
3
Q1: 2018
Token Pre—sale
Token Crowdsale
Release of ENK tokens
4
Q2: 2018
Release of Product architecture
v1.0 of Smart Contract payement split gateway
Core platform alpha version released
5
Q3: 2018
v0.5 Web Platform Core released (MVP)
v0.5 Mobile Platform Core released (MVP)
v1.0 Digital Contracts system released
6
Q3: 2018
v0.5 Web Platform Core released (MVP)
v0.5 Mobile Platform Core released (MVP)
v1.0 Digital Contracts system released
7
Q4: 2018
Public Beta released
Fully functional resolution system, IP protection and smart vesting
v1.0 Graduation system released
v1.0 Bot investment system released
8
Q1 to Q2: 2019
v1.0 Enkidu Web, Mobile
Sales/Affiliate commission gateways
Singapore based Token Exchange (FIAT <—> ENK)
Third party product and vendor integrations (ENK <—> ENK)
Discussion on building a new form of Blockchain governed company, termed an “Enkidu corp”, in conjunction with a receptive government
Discussion on enabling Company to Company Joint ventures via Enkidu corps
Jay Smith
Advisors Jay Smith CMO, FACTOM

David Drake
Advisors David Drake FOUNDER AND CHAIRMAN, LDJ CAPITAL

Giovanni Lesna Maranetto
Advisors Giovanni Lesna Maranetto CHIEF COMMERCIAL OFFICER, HEDGE TOKEN

Alex Gonzales
Advisors Alex Gonzales DIRECTOR SOUTH REGION ENTERPRISE SALES, MONGODB

Nikunj Jain
Advisors Nikunj Jain CEO, NASHVENTURES

Anshumani Ruddra
Advisors Anshumani Ruddra VP PRODUCT, CUEMATH

Sunil Udupa
Advisors Sunil Udupa CEO, SECURENS

Manish Gandhi
Advisors Manish Gandhi MD, ABEC

Kapil Nayyar
Advisors Kapil Nayyar DIRECTOR, IBADVISORS

Ravi Srivastava
Advisors Ravi Srivastava INVESTOR, PURVI CAPITAL

Ramgopal Nc
Advisors Ramgopal Nc TECHNOLOGY CONSULTANT, TECHNOVATIONS

Divyashish Jindal
Advisors Divyashish Jindal BLOCKCHAIN SECURITY, JACOBI PARTNERS

Rakesh Chhabra
Advisors Rakesh Chhabra AARC & CO

Ian Scarffe
Advisors Ian Scarffe ICO ADVISOR

Sumeet Maniar
Advisors Sumeet Maniar ex-GNOSIS

Varun Mayya
Team Varun Mayya CEO

Shashank Udupa
Team Shashank Udupa OPERATIONS

Abhinav Arora
Team Abhinav Arora MARKETING

Simon Bierling
Team Simon Bierling Community & Growth

David Drake
David Drake
FOUNDER AND CHAIRMAN, LDJ CAPITAL
Strategic Advisor
Advisor
INVESTMENT ADVISOR
Chairman of LDJ Capital
INVESTOR
Managing Partner at LDJ LP Fund Investments
Founder - LDJ Capital Inc
Key Advisor
INVESTMENT AND ICO ADVISOR
ICO Adviser
Chairman of LDJ Capital, LDJ Real Estate Group, Drake Hospitality Group
Founder & Chairman at LDJ Capital. Baanx.com Board Advisor. Leading figure within Cryptocurrency.
Chairman of LDJ Capital
Advisor
BlockChain Advisor
Chairman at LDJ Capital, Board Advisor at Ambrosus and LAToken
Chairman LDJ Capital
Financial Advisor
Advisor & Director on the Advisory Board
STRATEGY ADVISOR
Chairman LDJ Capital
Chairman at LDJ Capital
Founder and Chairman, LDJ Capital
Founder and Chairman, LDJ Capital
Advisor
David Drake is the Chairman of LDJ Capital
Chairman at LDJ Cayman Fund Ltd.
Investor Relations/Senior Advisor
Advisor
Board Advisor
Founder and Chairman, LDJ Capital Inc. (New York)
Chairman At LDJ Capital
Board Advisor
#1 Crypto Expert on ICObench
Chief STRATEGY officer
Advisor, New York, USA
Advisor
Advisor
ADVISOR
Divyashish Jindal
Divyashish Jindal
BLOCKCHAIN SECURITY, JACOBI PARTNERS
CO-FOUNDER - JACOBI PARTNERS
Blockchain Engineer
Blockchain Engineer
Giovanni Lesna Maranetto
Giovanni Lesna Maranetto
CHIEF COMMERCIAL OFFICER, HEDGE TOKEN
BLOCKCHAIN INVESTOR & ADVISOR—AFRICA
CCO @ HEDGE TOKEN
Product development
Advisor
Advisor
Ian Scarffe
Ian Scarffe
ICO ADVISOR
Blockchain & Crypto Expert
Blockchain Consultant - Business Ambassador
Blockchain & ICO Advisor
Business Ambassador
Founder & Investor, Binkplus.pl
Advisor and Board Member
Blockchain Consultant - Business Ambassador
Blockchain – ICO Advisor / Consultant / Strategist / Investor
Blockchain – ICO Advisor/Business Ambassador/Consultant/Strategist
Founder & Investor, Binkplus.pl
Founder at Crypto Consulting and Investments LTD.
BLOCKCHAIN & STARTUP ADVISOR
Senior Advisor
Blockchain Consultant & Business Ambassador
Blockchain ICO Consultant
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.
Marketing, IR, Adviser
Strategic Advisor
Marketing advisor
Advisor-Investor Relation
Blockchain - ICO Advisor / Consultant / Strategist / Investor
Blockchain and Crypto Advisor
Strategic Advisor
Blockchain Expert and Serial Entrepreneur
Advisor, United Kingdom
Founder & Investor, Binkplus.pl
Blockchain - ICO Advisor
Ian Scarffe
Ian Scarffe
Simon Bierling
Simon Bierling
Community & Growth
Community & Growth