A brand new company structure built entirely using smart contracts, on the Blockchain.
The Enkidu platform is similar to a Limited Liability Company and handles most edge cases - including ESOP structure, dividend policy, share classes and more. Best of all, everything on Enkidu is 100% programmatic!
400,000 users confirmed to use the Enkidu platform on day one thanks to our partnership with Asia's largest freelancing platform, Truelancer.
ETH contract address: 0x8993dB1795B9A7b317B98Ebfa4C971f225BF1248
Ready to say goodbye to corporate lawyers and auditors? Enkidu is a Legal-tech solution that provides you with 14 smart contracts that handle almost every situation in a small business. Whether it's adding a new member, changing profit sharing structure, dividend policy or raising money - we provide pre-built smart contracts for everything. Because smart contracts are honored programmatically, there is no requirement for a legal system! Every Enkidu "business" comes with a payment gateway, that splits incoming payments according to the sum result of all smart contracts generated by that business.
With legal support from multiple law firms across the world, we've managed to build a system that avoids the need for you to even register a company, and run it seamlessly with a click of a few buttons and authentic, incorruptible voting! Partners pay income tax as they would in an LLC.
Enkidu uses a proprietary “resolution” voting system that has a private record of resolutions (action items) passed by the collaborative entity - allowing people to vote on decisions like dilution, treasury threshold, etc. Unlike a full-blown DAO like Aragon, this resolution system is predefined, lightweight and built for organizations under 5 employees without the necessity for a company entity. The Enkidu payment gateway programmatically obeys the resolutions passed.
On Enkidu, multiple collaborators can "team-up" to work on a project by signing a companyless digital contract. The payment gateway is central to the project, splitting each incoming payment to its recipients depending on that collaboration's cap table.
Enkidu offers a global collaboration platform where individuals can find like-minded collaborators - designers, engineers, developers, creators,
e-commerce experts, content writers, small ticket investors and even coffee brewers. All of this on a public platform with each individual carrying a rating.
Passive income is every creator's dream. If you work on a small project with collaborators on Enkidu, there's a guarantee that you will continue to receive your share of each incoming payment as long as the payment gateway for the project is live and receives income. To make sure people pull their weight, a smart vesting system exists, so people will continue to receive a portion (or all) of their rewards depending on their contribution time while they were active on the project.
Enkidu has a game changing mechanism that prevents treasury and IP abuse with Enkidu holding the collaboration domain name in escrow. Like holding the keys to a store in the offline world, Enkidu creates a trustless environment because of the platform's ability to hold the domain name in escrow until transferred.
Enkidu projects can have multiple payment gateways, each with different payment splitting rules (to facilitate different reward cap tables for different "branches" of a project and to enable sales and affiliate commissions).
Enkidu allows all types of businesses with products or services to make investments with their tool or service and enter payment split agreements. Eg: A collaboration that uses a CRM tool could choose to pay the CRM tool in a share of payments instead of cash if mutually decided beforehand.
Enkidu is a project by Avalon Labs, a profitable 30-man team that builds and invests in software startups. Avalon's interest areas lie in VR/AR, SaaS, Blockchain tech, microbiome sequencing tech and liquid nutrition. The best part? The average age of the team is just 27, prodigies in their individual interest areas!
Avalon partners with 40+ companies across the world.