LibertyLance is the last word in the sphere of modern freelance exchanges. It is a decentralized self-regulating market of freelancers and customers, based on Ethereum blockchain technology.
Thanks to the application of smart contracts, transactions will be carried out smoothly without intermediaries. In the absence of a central authority, traditional problems arising on the freelance exchanges will disappear.
How does LibertyLance work?
The platform equally distributes tokens among the participants. About 10 stacks are credited for registration. You can earn more by performing various tasks. The more stacks a participant gets, the more he/she will receive during distribution. A client places an order in the database, and freelancers make bets.
The main task of the project
Freelancers on the site are given the opportunity to set a specific price for their services, and customers can get acquainted with the information provided about a performer, including his/her rating and the time required to perform a particular job.
The creators of the platform plan to change the economy component of the freelance area, providing participants the opportunity to use the system for independent customer and performer relationships. Applied technologies allow to significantly reduce fees charged for money transfer while ensuring their reliability.
Relationship between participants
Freelancers announce the information about their services on the platform. Customers select a performer based on the information provided. A freelancer also has the ability to search for customers and contact them.
When a performer is approved, a smart contract is signed, obliging a customer to contribute the payment for work and 2% as a payment for the services of the platform. The amount is blocked until the contract is executed.
If the client is satisfied with the result, the money is transferred to the account of the freelancer. If desired, both parties can leave feedback about each other.
Thus, a performer is protected from untimely or incomplete payment for his/her services, and a customer receives the work on time and in full scope.
Key features of the platform
The policy of the project is aimed at facilitating the process of cooperation between freelancers and customers.
Distinctive features LibertyLance are the following:
Project advantages
Thanks to the platform development, its participants can count on the following positive aspects:
ICO Details
When LibertyLance project was launched, 50 million tokens were generated to avoid attempts to influence the resolution in arguable situations. Thus, it allows avoiding prejudice, encourages token holders to take part in conflict situations and maintain the ecosystem at a high level.
The presence of a certain number of tokens opens up additional opportunities for participants, for example, in resolving conflict situations. This amount should be no less than the equivalent of 200 USD. Repeated participation in the decision of the same issue is excluded. Those who lose an issue pay a commission to winners as well as dividends obtained as a result of a transaction. In addition, the platform uses an automatic and transparent voting system.
Conclusions
Since the platform is the first of its kind in the field of freelancing, its creators expect to receive a certain share of profits.
In 2016, the scope of freelancing accounted for more than a thousand billion dollars. If LibertyLance receives 0.05% of the amount, the project will have about half a trillion dollars, which will bring a profit of $45 million. Token holders will receive an equal share of this amount, excluding the cost of maintaining the platform.
Thus, the main goal of the project is to obtain a certain share of freelance market. This can be implemented due to the collection of funds with subsequent investment in the development of the marketing policy of the company and the project itself.
Links:
Website: https://libertylance.io/
WhitePaper: https://libertylance.io/uploads/whitepaper.pdf
Telegram: https://t.me/LibertyLanceOfficial
Facebook: https://www.facebook.com/libertylanceofficial/
Twitter: https://twitter.com/LibertyLanceoff
Medium: https://medium.com/@LibertyLance
ANN: https://bitcointalk.org/index.php?topic=3048144
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.