Gilgamesh ETH: Knowledge-Sharing Social Network Based on Ethereum

What is Gilgamesh ETH

Friends, today let’s talk about a project called Gilgamesh ETH (abbreviated as GIL). However, before we dive in, I need to clarify that the name “Gilgamesh” and the token symbol “GIL” seem to have some historical and informational overlap in the crypto world. Today, our main focus is on the relatively early “Gilgamesh Platform” project, which is described in detail in its whitepaper. It is a knowledge-sharing social network platform built on the Ethereum blockchain.

You can think of the “Gilgamesh Platform” as a decentralized “digital library” or a “community for writers and readers.” In this community, writers can directly publish their works, readers can read, comment, and even tip their favorite works. Professionals who provide editing, marketing, and other services can also find collaboration opportunities on the platform. Its core goal is to make the creation, dissemination, and consumption of knowledge more direct and transparent, allowing all participants to benefit.

Simply put, a typical use case might look like this: a writer finishes a book and can publish it directly on the Gilgamesh Platform without going through traditional publishers. Readers can discover the book on the platform, leave reviews after reading, and if they like it, support the writer with GIL tokens. Meanwhile, writers can use GIL tokens to pay editors or marketers on the platform to help promote their work.

It’s worth mentioning that search results also reference a more recent “Gilgamesh ETH” token, described as being used to fund or sponsor future anime crypto token projects, with holders possibly receiving airdrops or presale access. The contract address for this new token is 0xfde19f0de7a4e7eca8ab29c9f202a21a3b3503de. However, detailed information about this new token’s project vision, technical architecture, etc., is very limited, so today we’ll focus on the “Gilgamesh Platform” with a more complete project description.

Project Vision and Value Proposition

The vision of the “Gilgamesh Platform,” much like its namesake “Gilgamesh”—a hero from ancient epic—hopes to usher in a new era in the digital age. It aims to fundamentally change traditional publishing and knowledge-sharing models through blockchain technology, making the entire literary market fairer and more efficient.

The core problems it hopes to solve are:

• Middleman Exploitation: In traditional publishing, publishers often take the lion’s share of sales profits, leaving writers with relatively little. Gilgamesh Platform aims to remove these intermediaries through decentralization, enabling direct interaction between writers and readers, so writers can earn more.
• Communication Barriers: There is a lack of direct and effective communication channels between writers and readers; readers find it hard to give feedback directly, and writers struggle to gain real insights to improve their work. The platform aims to break down these barriers and foster direct exchange.
• Outdated Platforms: Many existing knowledge-sharing platforms may be outdated and unable to meet modern users’ needs for interactivity, transparency, and incentive mechanisms.

The value proposition of the Gilgamesh Platform is:

• Empowering Creators: Writers have full control over their works and receive the majority of sales revenue.
• Incentivizing Readers: Readers not only discover quality content but can also earn GIL token rewards by writing reviews and participating in interactions, giving real value to their contributions.
• Transparent and Fair: Thanks to blockchain, all transactions and interactions are public and immutable, building a fairer knowledge ecosystem.

Compared to similar projects, Gilgamesh Platform focuses on literature and knowledge sharing, directly addressing pain points in the publishing industry through blockchain technology, and has designed a unique token incentive mechanism to promote community activity and content quality.

Technical Features

Technically, the Gilgamesh Platform relies mainly on the following core elements:

Blockchain Foundation

The project is built on the Ethereum blockchain. Ethereum is an open-source, global decentralized platform that allows developers to build and deploy various decentralized applications (DApps). Choosing Ethereum means Gilgamesh Platform can leverage its mature infrastructure and robust security.

Smart Contracts

The platform’s core functions are implemented via Smart Contracts. Smart contracts are code stored on the blockchain that automatically executes when preset conditions are met. On Gilgamesh Platform, smart contracts handle GIL token transactions, user reward distribution, copyright management, and platform governance, ensuring automation, transparency, and immutability.

Decentralized Storage

To securely store sensitive data and content, Gilgamesh Platform utilizes InterPlanetary File System (IPFS). IPFS is a peer-to-peer distributed file system that allows users to store and access files without relying on centralized servers. This means content won’t be lost due to server outages and is harder to censor or tamper with, enhancing data security and censorship resistance.

Token Standard

The GIL token of Gilgamesh Platform is an ERC20 standard token. ERC20 is the most common token standard on Ethereum, defining a set of rules for interoperability between tokens, making it easy to circulate in wallets and exchanges. This facilitates GIL token issuance, management, and trading.

Overall, the technical architecture of Gilgamesh Platform aims to combine blockchain’s decentralization and transparency with the automation of smart contracts, providing an innovative and reliable solution for the knowledge-sharing sector.

Tokenomics

The token of Gilgamesh Platform is GIL, an ERC20 standard token based on Ethereum. It is designed to incentivize various behaviors on the platform and build a self-sustaining knowledge ecosystem.

Token Basic Information

• Token Symbol: GIL
• Issuing Chain: Ethereum, ERC20 standard.
• Total Supply or Issuance Mechanism: According to information from the 2018 ICO, a total of 60 million GIL tokens were available for sale. Other sources mention a total supply of 1000.000 Q (possibly a typo for quart or similar unit), with a max supply also of 1000.000 Q, but this may relate to the more recent GIL token for anime projects, and the data is uncertain. For the “Gilgamesh Platform” we’re mainly discussing, the ICO hard cap was about $60 million.
• Inflation/Burn: Existing information does not detail inflation or burn mechanisms.
• Current and Future Circulation: For the “Gilgamesh Platform” project, its ICO occurred in 2018, with a token distribution plan including vesting and gradual release. For the more recent “Gilgamesh ETH” token, some platforms show a circulating supply of 0 and a market value of 0, which may mean very low liquidity or an early-stage project.

Token Utility

GIL tokens play multiple roles in the Gilgamesh Platform ecosystem, serving as the fuel and incentive mechanism for platform operations:

• Content Consumption: Readers can use GIL tokens to purchase books, e-books, or audiobooks on the platform.
• Service Payments: Writers can use GIL tokens to pay service providers (such as editors, marketers) for self-publishing services.
• Platform Fees: Service providers must pay part of their income to the Gilgamesh Platform in GIL tokens.
• Contribution Rewards: Users (including readers and reviewers) can earn GIL token rewards for meaningful contributions, such as writing high-quality book reviews.
• Governance Voting: GIL token holders can participate in platform governance, voting on future development directions and new feature proposals.

Token Distribution and Unlocking Information (Based on 2018 ICO Data)

According to the Gilgamesh Platform ICO distribution plan, tokens were mainly allocated as follows:

• Founders: The founding team’s GIL tokens have a 24-month vesting period with a 6-month cliff, meaning 25% unlocks every 6 months.
• Advisors: Advisors’ GIL tokens have a 1-year vesting period with a 6-month cliff, meaning 50% unlocks every 6 months.
• Platform Reserve: 20% of GIL tokens are reserved by the Gilgamesh Platform, locked for 18 months after the token sale, then slowly released for future growth, R&D, and operations.
• User Rewards: 30% of GIL tokens are allocated for rewarding platform users based on their contributions. Additionally, 5% of tokens are injected into the platform annually for 6 years to maintain user incentives.
• Sale: A total of 60 million GIL tokens were available for public sale.

Team, Governance, and Treasury

Core Members and Team Features

According to early data, the Gilgamesh Platform was built by a core development and programming team. In Q2 2016, Skiral Inc. was founded, marking the project’s start. During the 2017-2018 ICO, the team and advisor information was published, mentioning new members Ali and Mo joining, and the formation of an advisory board. However, as the project is early-stage, it’s difficult to find updated public information or recent activity from these early team members.

Governance Mechanism

Gilgamesh Platform envisioned a decentralized governance model. GIL token holders could use an app called “Gilgamesh Voting DAPP” to vote on new feature development and major decisions. This means community members have a chance to participate in the platform’s future, reflecting the community-driven ethos common in blockchain projects.

Treasury and Funding Runway

Gilgamesh Platform conducted its initial token offering (ICO) from late 2017 to early 2018, aiming to raise about $60 million. The ICO funding plan reserved 20% of tokens for the platform, locked for 18 months after the sale and then slowly released. This portion can be considered the project’s “treasury,” supporting long-term development. However, as the project is early-stage and public updates are scarce, it’s currently impossible to assess its present financial status and operational runway.

Roadmap

Below is the roadmap published by Gilgamesh Platform during its 2018 ICO, listing historical milestones and future plans in a timeline format:

Historical Milestones

• Q2 2016: Skiral Inc. founded, marking project launch.
• Q4 2016: Gilgamesh project concept formed.
• Q1 2017: Completed market and technical research.
• Q2 2017: Completed iOS app design.
• Q3 2017: Completed iOS core development, released Gilgamesh whitepaper and smart contracts.
• Q4 2017 to Q1 2018: Conducted Gilgamesh Platform token sale (ICO) and brand promotion.

Future Plans (As of 2018)

• Q2 2018: Release “Plato” Alpha version.
• Q3 2018: Release “Plato” Beta version.
• Q4 2018: Release “Plato” final version.
• Q1 2019: Release “Shakespeare” Beta version and “Homer” Alpha version.
• Q2 2019: Release “Shakespeare” final version and “Homer” Beta version.

Note that this roadmap was published during the 2018 ICO and reflects the plans at that time. Currently, there is no clear information in public search results about whether the project progressed as planned or if there is an updated roadmap. Therefore, further verification and research are needed for the latest developments.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and Gilgamesh ETH is no exception. Here are some common risk reminders to help you view this project more comprehensively:

Technical and Security Risks

• Smart Contract Vulnerabilities: Although smart contracts are designed for automation, if the code has vulnerabilities, attackers may exploit them, causing fund loss or platform malfunction.
• Platform Activity and Maintenance: For the “Gilgamesh Platform” project, its roadmap and team info seem to stop around 2018. If the project lacks ongoing development and maintenance, the technology may become outdated or even cease to operate.
• Decentralized Storage Risks: While IPFS provides decentralized storage, data accessibility and long-term preservation still depend on network nodes. If there are too few participating nodes, data availability may be affected.

Economic Risks

• Market Volatility: The crypto market is known for dramatic price swings. GIL token price may be affected by market sentiment, macroeconomic factors, regulatory changes, and project development, with risk of sharp declines.
• Liquidity Risk: For tokens with low market cap or trading volume, there may be insufficient liquidity, meaning you may not be able to buy or sell tokens quickly at ideal prices. For the more recent “Gilgamesh ETH” token, market data and trading volume are very low, even showing circulating supply as 0, indicating extremely high liquidity risk.
• Project Failure Risk: Any blockchain project may fail for various reasons (team dissolution, funds running out, fierce competition, insurmountable technical challenges, etc.), causing the token to become worthless.
• Uncertain Investment Returns: Buying GIL tokens is not the same as buying company shares; its value depends mainly on platform usage and market supply/demand, with no guarantee of profit.

Compliance and Operational Risks

• Regulatory Uncertainty: Global crypto regulations are still evolving, and future policy changes may significantly impact project operations and token legality.
• Competition Risk: The knowledge-sharing and content creation space is highly competitive; Gilgamesh Platform must keep innovating to stand out among many platforms.
• Information Asymmetry: For early-stage or infrequently updated projects, investors may struggle to obtain comprehensive, timely information, leading to poor decisions.

Please remember, the above information is not investment advice. Before making any investment decisions, be sure to conduct thorough independent research (DYOR - Do Your Own Research) and consider consulting a professional financial advisor.

Verification Checklist

When evaluating a blockchain project, here are some key pieces of information you can verify yourself:

• Block Explorer Contract Address:
  • For the more recent “Gilgamesh ETH” token, its Ethereum contract address is
    0xfde19f0de7a4e7eca8ab29c9f202a21a3b3503de
    . You can check this address on Etherscan or other block explorers to view token holders, transaction history, total supply, etc.
• GitHub Activity:
  • For the “Gilgamesh Platform” project, its related GitHub repo is
    https://github.com/skiral/gilgamesh-token-contract
    . Check the commit history, update frequency, and contributor count to gauge development activity. According to search results, this repo’s activity stopped about 8 years ago.
  • Other GitHub repos named “Gilgamesh” (such as
    n8fr8/gilgamesh
    or
    GilgameshxZero
    ) appear unrelated to this project.
• Official Website and Social Media:
  • For “Gilgamesh Platform,” its official website was
    https://www.gilgameshplatform.com/
    , and the whitepaper link is
    https://www.gilgameshplatform.com/pdf/whitepaper.pdf
    . Social media includes Twitter (
    @gilplatform
    ) and Telegram. Check if these channels are still active and information is updated.
  • For the more recent “Gilgamesh ETH” token, some crypto info sites also provide its website and social media links for review.
• Audit Reports: Check if the project has third-party security audit reports for its smart contracts. Audits can assess contract security and uncover potential vulnerabilities. No audit reports are directly mentioned in current search results.
• Community Activity: Follow the project’s Telegram group, Twitter, Reddit, and other community platforms to gauge discussion heat, team response speed, and overall atmosphere.

Project Summary

Friends, to summarize our discussion on the Gilgamesh ETH (GIL) project today. We mainly explored an early blockchain project called “Gilgamesh Platform,” which entered the public eye around 2018 via an ICO.

This project has a grand vision: to use Ethereum blockchain and smart contracts to build a decentralized knowledge-sharing social network. It aims to remove traditional publishers as “middlemen,” enabling writers to interact directly with readers and earn fairer rewards; meanwhile, readers can earn GIL token rewards for contributions (such as writing reviews), creating a more transparent, fair, and efficient literary and knowledge ecosystem. Its technical features include being Ethereum-based, using smart contracts for logic, and leveraging IPFS for decentralized storage—all cutting-edge concepts at the time.

However, based on currently available public information, the “Gilgamesh Platform” project’s activity and updates seem to have stopped at an early stage, with its roadmap only planned through 2019. This may mean the project did not develop as expected or has ceased active development and promotion.

On the other hand, we also see a more recent token using the same “Gilgamesh ETH” and “GIL” symbols, described as related to “anime crypto tokens,” but apart from an Ethereum contract address and some market data, it lacks detailed project background and whitepaper support. This situation may confuse those unfamiliar with crypto.

In summary, the early “Gilgamesh Platform” was a forward-thinking project aiming to use blockchain to solve traditional industry pain points, but its subsequent development lacks transparent updates. The recently emerged token with the same name has even less information and should be approached with caution. In crypto, project development changes rapidly, and many early projects may not persist for various reasons. For any project claiming to be “Gilgamesh ETH,” it’s recommended to remain cautious and conduct thorough independent research.

Remember, all information I provide is for reference only and does not constitute investment advice. The crypto market is extremely risky; please make decisions only after fully understanding the risks and conducting your own research.

For more details, please research independently.