Etheriya: A Decentralized Blockchain Freelancer Marketplace

What is Etheriya

Friends, imagine the platforms we use every day like Taobao, Xianyu, or Zhubajie—aren’t they convenient? You can buy things, find people to help with design, writing, and more. But these platforms usually have a “central authority” managing everything: your money, your information, and the rules of transactions. The Etheriya (abbreviated as RIYA) project is like moving these centralized platforms onto the blockchain, turning them into a decentralized freelancer marketplace.

Simply put, it’s like a “free market on the blockchain,” where anyone looking for services (like design, programming, translation) or wanting to sell their skills can connect directly, without a middleman getting involved.

Originally, Etheriya had even bigger ambitions: it wanted to be an all-encompassing decentralized auction marketplace, not only for digital services but also for physical goods like cars, books, real estate, etc.—just like a “blockchain eBay.” But later, it shifted its focus to the digital services sector, aiming to build a global service network based on blockchain.

Project Vision and Value Proposition

The vision of the Etheriya project is to address some pain points of traditional online marketplaces. Think about it: on conventional fixed-price service platforms, while convenient, you might face issues like lack of transparency, high fees, insufficient privacy protection, or even fraud.

What Etheriya wants to do is leverage the features of blockchain to provide a more secure, transparent, and efficient trading environment. It promises faster transaction speeds, higher security, and protection of user privacy and anonymity (for both buyers and sellers). Additionally, it aims to use blockchain technology to verify buyers and sellers and reduce transaction fees. Imagine every transaction being recorded on a public but immutable ledger—no one can renege, and the fees are lower. Isn’t that appealing?

Technical Features

Etheriya’s core technology is based on blockchain. Blockchain is like a huge, decentralized public ledger where all transaction information is recorded and cannot be tampered with. Etheriya specifically utilizes Ethereum smart contracts. You can think of smart contracts as self-executing “digital agreements”—once preset conditions are met, the contract executes automatically, with no third-party intervention. It’s like agreeing with a friend: if they complete a task, your payment is automatically sent, and the whole process is open and transparent, with no room for denial.

With these technologies, Etheriya aims to achieve:

• Decentralization: No single central authority controls the platform; all participants maintain it together.
• Security: Uses blockchain’s immutability to ensure the safety of transaction records.
• Privacy and Anonymity: Commits to protecting user privacy in transactions.
• Lower Transaction Friction: Smart contracts can reduce various barriers and costs present in traditional transactions.

Tokenomics

The Etheriya project has its own token, called RIYA.

• Token Symbol: RIYA
• Issuing Chain: Ethereum platform (Etheriya is an Ethereum-based token, classified as an ERC20 token)
• Total Supply: The total supply of RIYA tokens is 100 million (100,000,000 RIYA).
• Issuance Mechanism: In the early stages, crowdfunding was conducted via an initial coin offering (ICO). 85 million tokens were sold during the ICO, and the remaining 15 million were evenly distributed to developers, the Etheriya Foundation, and bounty programs.
• Current and Future Circulation: According to CoinMarketCap, Etheriya’s current supply is 1,861,531 tokens, with 1,581,531 in circulation. However, CoinMarketCap also self-reports its circulating supply as 0 RIYA and market cap as $0, which may mean actual circulation is very low or the data is not updated.
• Token Utility: The whitepaper and related materials do not specify the exact use cases for RIYA tokens, but typically tokens in such projects are used for paying platform service fees, incentivizing community participation, governance voting, etc.
• Token Distribution and Unlock Information: Distribution during the ICO has been mentioned, but no detailed unlock schedule was found.

Tip: ERC20 tokens are a token standard on the Ethereum blockchain, meaning all tokens conforming to this standard can be stored and managed in Ethereum wallets.

Team, Governance, and Funding

Regarding Etheriya’s core team members, specific governance mechanisms, and funding operations, there is no detailed information in the currently available public sources (mainly whitepaper summaries and early promotional articles). All we know is that the project raised funds through an ICO in 2017, with some tokens allocated to developers and the foundation for project development. Details about the team’s background and governance model—such as who makes decisions and how the community participates—are not clearly stated in the available materials.

Roadmap

Based on available information, some historical milestones and plans for the Etheriya project are as follows:

• June 21, 2017 - August 10, 2017: Etheriya conducted its ICO (initial coin offering) to raise funds for marketplace development.
• 2019: The whitepaper mentions that the 2019 milestone was yet to be announced, but the focus would be on expanding the project and blockchain, and increasing visibility through advertising and marketing.

It’s worth noting that this information is quite early-stage, and no latest roadmap or project progress was found in publicly available sources. This may mean the project has had few updates since 2019, or its development direction has changed.

Common Risk Reminders

Friends, when learning about a blockchain project, it’s important to recognize not only its strengths but also the potential risks. For Etheriya, based on what we currently know, there are several aspects to pay special attention to:

• Project Activity Risk: Existing information shows the project’s main updates and roadmap are from around 2017-2019. This may mean the project is less active, or even has stopped development or pivoted. In crypto, stagnation is a major risk.
• Liquidity Risk: CoinMarketCap shows its circulating supply as 0 RIYA and market cap as $0, which may indicate extremely low trading volume or no active market. If the token lacks liquidity, it may be hard to buy or sell.
• Technical and Security Risk: Any blockchain project faces risks like smart contract vulnerabilities and network attacks. If the project hasn’t been updated for a long time, its security may not be guaranteed.
• Market Adoption Risk: Even with good technology, if the project can’t attract enough users and developers to form a healthy ecosystem, its value is hard to realize.
• Compliance and Operational Risk: Regulations in blockchain and crypto are constantly evolving, and the project may face compliance challenges.

Remember: Blockchain projects, especially early-stage ones, are high risk. Always conduct thorough independent research before making any decisions.

Verification Checklist

If you’re interested in the Etheriya project, you can try to get more information and verify through the following channels:

• Official Website: According to CoinMarketCap, the official website is http://etheriya.com/. Check if the site is still active and if the content is updated.
• Whitepaper: Review the full whitepaper to understand the project’s detailed plans and technical details.
• Block Explorer Contract Address: Etheriya (RIYA) token’s contract address is 0x0b17...f0f2f3. You can check this address on Ethereum block explorers (like Etherscan) to see token holder distribution, transaction history, etc.
• GitHub Activity: Try searching for Etheriya’s GitHub repository to check code update frequency and community contributions. Currently, search results do not directly link to Etheriya’s GitHub.
• Community Forums/Social Media: Search for the project’s official accounts or community on Twitter, Telegram, Reddit, etc., to see if there is active community discussion.

Project Summary

In summary, Etheriya (RIYA) is an attempt born in the early blockchain boom, aiming to use Ethereum blockchain and smart contract technology to create a decentralized freelancer marketplace, addressing pain points of traditional centralized platforms in security, privacy, and fees. Its vision is grand: to enable buyers and sellers worldwide to transact digital services more directly and securely through decentralization.

However, based on currently available public information, the project’s main activities and updates are concentrated around the 2017 ICO and pre-2019 planning. CoinMarketCap’s data on token circulation is also uncertain, possibly indicating low project activity or stagnation. In the blockchain world, project lifecycles are often short and technology iterates rapidly; if a project lacks updates and community support for a long time, its prospects face significant challenges.

Therefore, if you’re interested in Etheriya, please remain cautious and conduct thorough independent research. This introduction is an objective analysis based on available information and does not constitute investment advice. The cryptocurrency market is highly volatile and risky—make decisions only after fully understanding the risks and based on your own judgment.