Today, homeworking or remote working is common place, with freelancers projected to triple by 2020. Statistics shows that last year in the United States, the freelance economy grew to 55 million Americans, encompassing 35% of the total U.S. workforce, compared to 53 million in 2014 and nearly 54 million in 2015.
The needs of this rising workforce are simple. They need to be paid, in full, on time, and in every currency, including cryptocurrency. This is where eDev.one, a site where clients and freelancers meet and have instant access to a payment and investment platform not offered on any other freelancing platform, comes in.
Set to launch in Q4 of 2017, with expected ITO in Q3, eDev.one has many different modes of payments and a wide-range of currencies and cryptocurrencies. Payments can be made in BTC, ETH, BTS, or any of the other currencies powered by OpenLedger, at the click of a button. The total commission paid to eDev.one is up to 12.5%, of which 2.5% is from the contracting client and up to 10% from the freelancer. Using the currency of their choice, the client pays the total amount, including the commission, which is then converted to the digital asset equivalent to USD (bitUSD) of eDev.one. This is then left on a dedicated escrow account until time of distribution.
As with payments, eDev.one makes it easy to send and withdraw funds using an eDev.one or an OpenLedger account. Withdrawals can be done with a debit or a bank account, or with a Bitcoin wallet and using many other cryptocurrencies. It is also possible to withdraw directly from the eDEV reputation based SmartCoin JOYY or eDEV digital asset USD to the OpenLedger OCASH Debit Card or bank account, or send to other accounts on the BitShares network.
eDev.one clients hire freelancers that suit the skills and requirements they need, while freelancers browse for available jobs. Freelancers and clients agree to the terms, including the amount the job is worth. The client will then pay the agreed amount onto the eDev.one Escrow Milestone Payment System, which will include an additional 2.5% commission. The eDev.one Escrow Milestone Payment System serves as a neutral third-party between freelancers and clients and is created on the base of a Smart contract. This gives assurance to the freelancers that they are going to be paid at the end of the project.
Deposits to the multi-sig Escrow System can be made using Debit Card, SEPA, SWIFT or wire transfer of FIAT currencies, as well as any major cryptocurrencies, including all major native tokens like BTS, BTC, bitUSD, bitEUR, bitCNY, OBITS, ICOO, and JOYY itself. To avoid any volatility throughout the time of contract, all amounts are kept on escrow account in the form of the digital asset of the platform USD (bitUSD).
eDev.one gives strong protection to both freelancers and clients, with full administrative services and support available for clients and freelancers alike, presented for every project and task.
Once the freelancer has completed the job, submitted the report and sent a request for the release of escrow funds, the client will then sign off on the job. Once the client agrees with the releasing of funds, eDev.one will then release the funds for payment to the freelancer in the form of USD.
Prior to the launch of eDev.one, various asset exchanges will have been offered to list the reputation based JOYY token with a specific amount of tokens, including Ethereum, Waves, NXT, Counterparty, OMNI, NEM, and HEAT. eDEV.one will have an official master token of the platform named EDEV and a JOYY SmartCoin will be found on OpenLedger DEX and BitShares exchanges as well.
Through a buyback and burn of the tokens found on other asset exchanges, the supply of JOYY tokens will decrease and become scarcer in time. Dividends in the form of USD will be distributed to all eDev.one asset holders. The amount of JOYY SmartCoins on eDEV.one will increase in line with the appreciation of work done by the freelancers.
OpenLedger’s partner, Internet of Coins, will make it possible to swap tokens or the value of it across exchanges using their crypto-wallet, as it is now possible between Ethereum and Waves platforms.
Ronny Boesing, Founder and CEO of OpenLedger ApS, says, “eDev.one it is the only place in the world where a contract is paid with USD and appreciated with JOYY! eDEV.one represents both freelancers and clients, allowing them to get the job done according to set milestones, with a secure payment process, and its own currency, which is intended to grow in value as the freelancer grows in reputation on the platform.”
Boesing continued, “Not only will eDEV.one be able to satisfy the increasing demand worldwide for freelancers, it is also a platform with its own decentralized marketplace, and options to buy, sell, long, or short against multiple cryptocurrency and fiat gateways. It is a one of a kind, and we are excited about its launch.”
ITO STRUCTURE AND ADDITIONAL INFORMATION
ITO Structure:
100 million JOYY tokens in total
Up to 30 million(20 million + 10 million for bonus) reserved for early bird investors
10 million for OBITS and BTSR holders sharedroped (snapshort TBA)
2 million for bounties
10 million for GetGame Team
13 million for OpenLedger ITO
3.5 million for an official ITO
The First $1Million USD equivalent invested is rewarded with 1 OBITS WARRANT per $1.00 USD
ITO funds allocation
After the initial threshold ($100 000) and platform costs have been deducted, funds will be used accordingly:
1/3 will be used as market maker and taker with bitUSD as buffer from minimum ITO price.
1/3 will be used to support ongoing upgrade of eDEV platform and JOYY functionality.
1/3 will be used for marketing, creating global awareness as the number one freelancer platform.
The distribution of the 12.5% eDev.one commissions with bitUSD are as follows:
OpenLedger ApS From 35% to 55% reserved for further marketing, market making, and administration of eDEV.one
10% pledged to OBITS (buyback/burn or sharedrop depending on voting)
5% pledged to buy BTSR tokens to fund advertising campaigns via HubDSP.com
5% for a Scholarship Fund
5% for a rewards program in reputation based JOYY SmartCoins aimed at participating freelancers on the basis of reviews and amount of completed projects.
From 20% to 40% distributed initially every three months to all holders, then monthly, then weekly
a On the BitShares network: bitUSD dropped on all EDEV holders as dividends
b On all other digital exchanges: JOYY bought back with main currency of DEX and burned
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