Eristica is a challenge-oriented P2P platform. Eristica integrates an in-app interface for users to purchase ERT tokens from exchanges at real-time prices. Users can pay via attached credit/debit cards, local payments, or cryptocurrencies. This will continuously increase the demand for ERT tokens, enhance their liquidity, and promote sustainable development within the Eristica community.

Project Concept

Eristica is a revolutionary P2P platform that promotes participation in challenges and online competitions. The project was launched in 2015 and currently boasts over 1.2 million users. 
The platform allows each participant to initiate and accept challenges, provide video evidence of completion, and receive ratings based on results. 
Eristica users can also generate viral content, with challenge videos garnering millions of views on YouTube, turning winners into stars. A system of ratings, reputation, and rankings forms a powerful incentive mechanism, engaging players actively. Competitive incentives drive players to vie for top spots in the ratings, pursuing fame and prizes. 
With the help of blockchain technology, the Eristica project aims to overcome obstacles faced by the industry, creating a single ecosystem for offline and online contests. 
Tokenization of the platform economy will offer opportunities to win challenges, earn virtual rewards from successful predictions, and purchase all services available on the platform. 
Eristica is a universal platform where every member of the community benefits from the synergies created within the ecosystem.

Eristica Overview

The project began as an idea in 2014. It was then that Eristicas founder, Nikita Akimov, started researching the application prototype, assembling a team, and experimenting to find the best way to interact with the challenge community. 
In 2015, the first public version of the Eristica app became available for download on Google Play and iTunes. 
In August 2016, the project participated in a startup competition hosted by Winter Capital Ventures and McKinsey & Company. The Eristica team shared first place with two other projects, receiving a prize of $75,000. This was the first major recognition for the project, which also began gaining popularity this year, reaching 500,000 users. 
In early 2017, the Eristica team focused on the rapidly developing regions of Southeast Asia and India, known for their high demand for local entertainment content. This was one of the reasons Eristica was invited to participate in the Mobile Only Accelerator (MOX) program run by SOSV Fund Management. 
This market presented both an opportunity and a technical challenge for Eristica. The application was redeveloped to work in low-speed internet areas: 
•Application size reduced to 7MB. 
•Reduced consumption of phone RAM 
•Eristica application optimized for work in 2G network areas. 
By mid-2017, the project team had successfully completed the project at one of the worlds largest venture capital funds, SOSV accelerator. The SOSV fund ranks number one in the "Early Stage Investment" rating, ahead of other top giants like Y Combinator and 500 Startups. 
SOSV helped secure agreements with major electronics manufacturers (OEMs) to pre-install the Eristica application on new smartphones sold in countries such as India, Indonesia, Thailand, the Philippines, and Russia.