Etheriya: A Decentralized Blockchain Micro-Macro Freelancer Marketplace

What is Etheriya

Friends, today let’s talk about a blockchain project called Etheriya (project abbreviation: RIYA). You can think of it as a “decentralized freelancer marketplace,” similar to the freelance platforms we use like Upwork or Fiverr, but it runs on the blockchain, aiming to make the whole process more transparent, secure, and affordable.

Originally, Etheriya was envisioned as a larger platform, not only for buying and selling digital services, but also for trading physical goods such as real estate, cars, books, and so on. Later, however, the project team focused on the digital services sector, such as graphic design, web development, programming, consulting, writing, marketing, and translation.

In short, Etheriya aims to provide a global marketplace network based on blockchain, allowing buyers and freelancers to offer or obtain various digital services at fixed or tiered prices.

Project Vision and Value Proposition

The core vision of the Etheriya project is to address some of the pain points of traditional online freelance platforms. It hopes to provide an enhanced service experience through blockchain technology, mainly reflected in the following aspects:

• Faster and more secure transactions: Utilizing the characteristics of blockchain to make transactions faster and harder to tamper with, thereby improving security.
• Privacy and anonymity: Ensuring user privacy on the platform and providing a certain degree of anonymity.
• User verification: Verifying buyers and sellers through blockchain to reduce fraudulent activities.
• Lower transaction fees: Reducing intermediaries to lower transaction costs.

You can think of this as Etheriya wanting to build a freelance platform “without middlemen taking a cut,” so freelancers can earn more and buyers can pay more reasonable fees, while the whole process becomes more trustworthy.

Technical Features

The Etheriya project is built on the Ethereum blockchain. This means it leverages Ethereum’s smart contract technology.

• Ethereum: This is an open-source blockchain platform that allows developers to build and deploy decentralized applications (dApps) on it. You can think of it as a globally shared, immutable computer.
• Smart Contracts: These are self-executing contracts stored on the blockchain. Once preset conditions are met, the contract executes automatically without third-party intervention. For example, when a freelancer completes a task and receives buyer confirmation, the smart contract will automatically pay the freelancer.
• ERC20 Token: Etheriya’s token RIYA is an ERC20 standard token. ERC20 is the technical standard for issuing fungible tokens on Ethereum, ensuring compatibility with various wallets and exchanges in the Ethereum ecosystem.

Tokenomics

The native token of the Etheriya project is RIYA.

• Token Symbol: RIYA
• Issuance Chain: Ethereum, as an ERC20 token.
• Initial Total Supply: 100 million RIYA tokens.
• Issuance Mechanism and Distribution: During the initial coin offering (ICO), 85 million tokens were sold. The remaining 15 million tokens were allocated to developers, the Etheriya Foundation, and bounty programs.
• Token Utility: RIYA tokens are mainly used for transactions on the Etheriya platform, such as paying service fees and incentivizing users.

Important Note: According to currently available information, Etheriya’s circulating supply is shown as 1,581,531 on CoinMarketCap, but it is also noted that “the CMC team has not verified the circulating supply of this project. However, according to the project’s self-report, its self-reported circulating supply is 0 RIYA, and self-reported market cap is $0.” This may indicate that the project’s current activity is very low, or it may have ceased operations. Please pay close attention to this.

Team, Governance, and Funding

Details about the core team members, specific governance mechanisms, and funding operations of the Etheriya project are not disclosed in the currently available public information (especially the whitepaper summary and early promotional materials). Typically, an active blockchain project will regularly update its team composition, governance model (for example, whether it adopts a decentralized autonomous organization, DAO), and fund usage. However, given that the project information is mainly from 2017-2019 and lacks recent updates, these aspects are currently difficult to verify.

Roadmap

According to early materials, the Etheriya project launched its initial coin offering (ICO) on June 21, 2017, which lasted until August 10, 2017. The whitepaper mentioned that the 2019 milestone would focus on expanding the project and blockchain, and increasing visibility through advertising and marketing.

However, since 2019, there has been very limited updated information about the Etheriya project’s roadmap in public channels. In the fast-evolving blockchain world, if a project has not updated its roadmap or announced new progress for a long time, it usually means its development activity may have slowed down or stopped.

Common Risk Warnings

Investing in any cryptocurrency project carries risks, and Etheriya is no exception. For projects like Etheriya with infrequent information updates, the following risks are particularly noteworthy:

• Project Activity Risk: Existing information is mainly from 2017-2019, lacking recent project updates, development activity, or community engagement. The “0” report on its circulating supply and market cap on CoinMarketCap also strongly suggests the project may be inactive or abandoned. This means the project may not achieve its original vision, or may have already ceased operations.
• Technical and Security Risks: Although the project is based on Ethereum smart contracts, any software may have vulnerabilities. If the project is no longer maintained, potential security issues will not be fixed in time.
• Market Liquidity Risk: If the project is inactive, its token trading volume in the market may be very low, resulting in poor liquidity and difficulty buying or selling.
• Compliance and Operational Risks: With the changing global cryptocurrency regulatory environment, early projects may face new compliance challenges. If the project team is no longer operating, these issues will go unaddressed.

Please note: The above information is for reference only and does not constitute any investment advice. The cryptocurrency market is highly volatile and risky. Please conduct thorough due diligence and make prudent decisions based on your own risk tolerance.

Verification Checklist

• Block Explorer Contract Address: The contract address for Etheriya (RIYA) token is
  0x0b1724cc9fda0186911ef6a75949e9c0d3f0f2f3
  . You can check this address on Ethereum block explorers (such as Etherscan) to view the token’s transaction history and holder distribution.
• Official Website: According to CoinMarketCap, the official website is http://etheriya.com/. It is recommended to visit the site to check if it is still active and whether there is any latest project information.
• GitHub Activity: Some repositories named “Etheria” were found in searches, but they appear to be related to a different project (Web3.0 development tools), not the Etheriya freelancer marketplace project. For the Etheriya freelancer marketplace project, no clear and active GitHub codebase has been found so far.

Project Summary

The Etheriya project was proposed around 2017, aiming to use Ethereum blockchain and smart contract technology to create a decentralized freelancer marketplace to address issues of transaction speed, security, privacy, and fees on traditional platforms. It hoped to use the RIYA token as the medium of exchange within the platform, building a fairer and more efficient service trading environment.

However, according to currently available public information, the Etheriya project seems to have not been updated or maintained for a long time. Its token RIYA has a reported market cap and circulating supply of zero on CoinMarketCap, and there is a lack of recent project progress, team updates, or community activity. This strongly suggests the project may have ceased development or been abandoned.

Therefore, although Etheriya’s initial vision was somewhat innovative at the time, as a blockchain research analyst, I must objectively point out that the project does not appear to be active at present. For anyone interested in Etheriya, it is strongly recommended that you conduct your own in-depth research and risk assessment before making any decisions, especially verifying the latest status and activity of the project. Remember, this is not investment advice.