About CRYPT-ON
Crypt-ON is a P2P platform that provides security and secure trading in cryptocurrency built on blockchain technology. The Crypt-ON platform provides 4 services to you, namely escrow trading, p2p lending, exchange of work for chrono freelancers and geo P2P exchanges (exchange of cryptocurrency for fiat by search based on geolocation).
Crypt-ON aims to bring together people from all over the world involved in the crypto industry, enabling them to interact with partners quickly, safely and comfortably in various fields at all stages of cooperation. Crypt-ON is not only to solve current problems when making cryptocurrency p2p transactions, but also to create a global workspace for crypto fans from around the world.
The advantages of the Crypt-On platform
Implementation of reputation tokens (trust tokens), which display the rank / reputation of each platform user will resolve trust issues between parties and improve the reliability of P2P operations.
The use of an intelligent contract that is automatically generated and the participation of an independent arbitrator will ensure the security of the transaction.
The four services combined on the platform will allow you to complete various tasks in one place, multiplying your efficiency synergistically.
The ability to use stable coins in calculations will reduce the risks associated with high volatility of most cryptocurrency.
The way the Crypt-On Platform works is that the seller provides information about the product / service on the site. Other users can search and find attractive offers, after that the parties can
discuss the terms of additional transactions. The entire history is stored in the system, which allows, if necessary, re-clarify the settings or to contact the dispute resolution software module.
One of the services of the Crypt-ON platform is the Crypto Freelance marketplace. It is a job exchange that allows independent specialists from all over the world to interact with customers and get rewards in cryptocurrency. A simple and user-friendly interface will let you to quickly agree on the terms and conditions and the terms of payment. The interests of both parties protected by a smart-contract, which will record all the requirements. In case of disputes, independent arbitrators will be included in the work.
How would it work?
The customer places a request with a description of the task. For the convenience of customers and performers, a searching system provides a selection by rating and allows you to find a highly qualified performer quickly or to have an idea of the customer’s reliability. At the same time, the customer’s account must have enough i-Point tokens to pay for the contractor’s services; otherwise, he will not be able to publish the task.
Performers submit applications.
Customers consider candidates and confirm their choice. The contractor and the customer specify in advance the terms of a deal recorded in the smart-contract.
The task goes to work. After its execution, the contractor sends the results of the work for verification.
Payment for the finished service/work is carried out in i-Point tokens.
If the work had been violated the conditions fixed in the smart contract, an arbitrator includes in the dispute resolution. The arbitrator acts as a third party in the multi-signature of the smart-contract.
All actions of the parties are stored in the smart-contract and affect the reputation of both the customer and the contractor, changing their rating.
What benefits do the parties receive?
Customers will be able to find specialists and experts to meet the challenges they face and pay for the work in cryptocurrency. Fixing the terms of cooperation in smart contracts will guarantee their invariability. The use of the rating system will allow for an objective selection of contractors based on the assessment of users ‘ actions and their feedback about each other.
Since the Crypt-ON platform is multifunctional, freelancers will be able to exchange cryptocurrency for fiat and withdraw earned money quickly. It is convenient from the point of view of reducing withdrawal fees, especially if it is necessary to make multiple operations.
Are there any downsides? Of course, as in all cases, it cannot be avoided. For example, it can take time to find a remote employee, which is undesirable for quick-start projects. An employer may delay a payment process because you can always find flaws in the completed work if you search for it. However, if the performer is done his job in accordance with the terms of the specification stored in the smart contract, then the arbitrator will protect the interests of the contractor.
Notwithstanding, the Crypto Freelance marketplace of the Crypt-ON platform is an excellent alternative for crypto — freelancers, headhunters and HR professionals who are in search of performers
Do you want to sell or buy online?
The Crypt-ON platform will ensure the security of your transactions in the crypto currency. We can offer 4 mutually complementary services for your convenience that can be used together and separately. Such as: p2p lending service; assistance in the execution of secure trades with the escrow using; an independent arbitrator; Crypto freelance job exchange; and a crypto-to-fiat/crypto-to-crypto exchange.
The main feature of all Crypt-ON services is the absence of any intermediaries. For example, the assistance service in crypto-currency exchange uses geotargeting to help you find counterparties in your region.
It turns out that having registered and becoming a member of the community, you can perform several tasks using a single resource.
For each conducted transaction and depending on its outcome, reputation tokens or trust tokens will be credited. This will help the platform users make their own decisions about choosing an arbitrator or a business partner you can trust.
All operations will be recorded, and displayed in the form of a rating. Over time, a whole group of trustworthy lenders and borrowers will form on the platform and they will credit or borrow large amounts of money, participate in projects, and implement the tasks you set. This is convenient not only for individual crypto enthusiasts, but for the entire crypto industry as a whole.
If you want to learn more, please visit the Crypt-On whitepaper or ANN Thread . Join Now at https://crypt-on.io/.
Author : sirnasudah
Profile : https://bitcointalk.org/index.php?action=profile;u=2259916
This article written based on whitepaper and official website