Coinlancer platform is designed for the freelancers who work via the Internet. This platform, based on the Ethereum, consolidates the tasks in different areas from different customers from all over the world. Thus, at first glance, the platform resembles a standard exchange for freelancers with a variety of tasks for every skill and experience, the existence of a higher authority to manage the disputes that arose in the working process, and freeze funds on a customer's account to pay them when the assignment is completed.
In fact, the Coinlancer platform is developed in a completely different innovative way. The key feature and, perhaps, the main for a freelancer, is that a customer has no other options but to pay for a completed task, because he/she will have to deposit funds through the platform's cryptocurrency. Also, there won't be a higher authority for resolving disputes on the part of platform. Controversial situations are planned to be resolved through voting of ordinary executors and customers who will express their opinion on the situation and decide who should receive the funds. This option is implemented through the voting mechanism called "Freelancer Tribunal".
The main and indisputable advantage is the size of the platform commission. It is only 3%, compared with at least 10% on other exchanges and platforms. This is due to the fact that the Coinlancer platform is implemented basing on the blockchain technology and, therefore, does not incur a very high cost to maintain its server.
The algorithm of the working process on the platform is as follows. A customer publishes a detailed task and announces the specific amount of payment in the platform's cryptocurrency for its execution. In the event that a freelancer finds the conditions voiced by the Customer suitable, he/she agrees to the assignment, and becomes a Contractor if the Customer approves the candidacy. Thus, the Customer and the Contractor conclude a kind of virtual cooperation agreement. In this case, the Customer must ensure that there is a specified amount on the account for depositing these funds for paying the task - it is impossible to conclude a virtual agreement without this condition on the platform. In the terms stipulated by the parties to the transaction, the Contractor completes the work on the assignment and passes it to the Customer for verification. After verification and approval of the work, the Customer pays the Contractor's work by confirming the completion of the assignment. So, the amount from the DEPO account is transferred to the account of the Contractor.
The uniqueness of the Coinlancer platform is also confirmed by the fact that the server uses only safe and latest technologies, namely:
- Distributed registers, which are unique transaction records, which creates additional protection for the system from possible failure or hacking;
- Open application programming interface (API), i.e. flexible platform visualization capabilities through various user interface channels;
- Presence of smart contracts that create additional protection when creating tasks and interacting on the platform;
- The presence of a digital signature, which also creates an additional barrier of protection when identifying a Customer and protecting his/her funds from unauthorized use.
Coinlancer platform supports many types of cryptocurrency with BTC and ETH to be the main. A user is able to purchase the platform's own cryptocurrency - CL tokens. The purpose of the cryptocurrency is to pay out the tasks on the platform, i.e. the price for a task will be set not in dollars, euros, etc., but in a single cryptocurrency, which can be transferred to any Contractor local currency by converting it prior the withdrawal. The CL is planned to be used on the Coinlancer platform immediately after the widespread distribution of CL tokens. After the main crowdsale, the token holders will be able to resale CL tokens to other platform users.
It is planned to release 300 million tokens. The start of the main crowdsale began on October 14, 2017. The cost of 1 token is $0.25. The distribution of the tokens is as follows:
- 93% will be released for the ICO;
- 5% will be used to support the team;
- 2% will be transferred to the Bounty project.
Thus, the Coinlancer platform is a safe and transparent ecosystem, developed on the basis of the blockchain technology and upgraded, based on the experience of practicing freelancers. Due to the reduced commission of the platform, the availability of an adequate approach to solving controversial tasks, the deposit of funds before the end of the assignment, the Coinlancer platform is designed to increase labor productivity and make the job of a freelancer stable and safe in terms of receiving payment.
Website: https://www.coinlancer.io/
White Paper: https://www.coinlancer.io/Coinlancer_Whitepaper.pdf
Twitter: https://twitter.com/Coin_Lancer
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Well written post! I will check out this platform for sure 😊
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