To make a review about my last article about the Laborcrypto you can kindly go through this link https://steemit.com/laborcrypto/@abiodunmike/laborcrypto-moving-you-ahead-the-global-freelance-peer-to-peer-ecosystem-that-shares-revenue
Here is a message from the founder of Laborcrypto.
“LaborCrypto further disrupts the freelance economy using emerging technology to solving all the various problems. Using Blockchain and Cryptocurrency in a peer to peer model eliminates the middleman fees, makes payments immediate, provides inclusion for unbanked people and shares revenue with all active consumers and freelancers”.
Laborcrypto blockchain payments.
LaborCryptoTM will be creating a unique digital Utility Token called LaborCrypto Coins (LBR) that consumers and freelancers use to exchange for work completed. Consumers can pay for any freelance for services using LaborCryptoTM Utility Tokens. An iOS and Android Wallet will be integrated to offering both consumers and freelancers seamless transfer of funds. This feature is planned from Q4 2018. An escrow account, backed by a Smart Contract, will be implemented to protecting both the freelancers and consumers. This feature is planned from Q3 2018. The only form of payment is the LaborCryptoTM Utility Coin (LBR). There are LOW transaction and service fees because it costs much less to sending transactions over a blockchain network. This allows the freelancers to keeping more of their money. Users can search, hire and pay for freelancer services using LBR Utility Tokens. Active users participate in a valuable fee sharing program linked to their Utility Tokens.
Laborcrypto roadmap.
April 2018: Expansion of development team and strategic consultants to enhance execution plan based on milestones.
May 2018: Token Created and Smart contract Audited begin development file Reg D.
July 2018: Pre-sale build Advisory team and partnerships.
August 2018: ICO Crowed Sale and further ramp up marketing File licensing and government regulatory applications Reg A.
September 2018: Token Distribution.
October 2018: API & SDK build for LBR Token to be used on affiliate platforms (starting with ChoreRelief)
1Q 2019: Initial alpha and beta testing of the freelance platform.
2Q 2019: Finalize platform & start transacting and expand international biz dev team.
3Q 2019: Build & Launch Mobile Apps.
4Q 2019: Establish global regional offices. Launch educational and training ecosystem partnerships.
1Q 2020: On-going Platform Improvements and Enhancements. Ecosystem development.
End of 1Q 2020: Launch complete API & SDK library for implementation of LBR as form of payment on other freelance or gig platforms.
Other Laborcrypto features includes the following:
- User Experience: Freelancers can refer and collaborate with each other and provide more complete customer solutions, saving both parties valuable time.
- Low service fees: LaborCrypto charges freelancers 3% service fee and no fees to consumers, payments are made available immediately.
- Revenue sharing: LaborCrypto shares 50% of fee and advertising revenues with consumers and freelancers using the platform, leading to user loyalty and repeat business.
- Quality freelancers: LaborCrypto incentivize top tier freelancers which directly benefits consumers by providing a high quality and more complete solution.
There are various problems with freelance economy but the Laborcrypto will be creating a solution to solving the problems.
• High service fees: Average freelancer surrenders 25% of their potential earnings to middleman platforms.
• payement delay: Payments can take from days to weeks to settle but the Laborcrypto will make it easier.
• Lack of banking access: The only form of payment is in LaborcryptoTM coin.
• Poor user experience: Users waste valuable time posting projects and reviewing freelancers but has been said Laborcrypto will be the savior.
• Lack of user loyalty: Leads to consumers and freelancers jumping from one platform to another and undercutting platforms.
The Laborcrypto is an ERC20 based token such that users can secure their funds using Ethereum smart contracts with escrow function and release payment after milestones are met by the freelancer.
To know more about the Laborcrypto project you can follow the links below:
Website: https://laborcrypto.com/
Whitepaper link: https://laborcrypto.s3.amazonaws.com/laborcrypto/assets/LaborCrypto-White-Paper
Telegram group chat: https://t.me/laborcrypto
My Bounty0x username: Abiodunmike
My Eth Address: 0x94e2fe951a7EC78a682dF49Ce5138AC169C236C3