Let's go to continue this blog with other project. First of all, for who missed previous entry, what's a cryptomoney? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launch campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win cryptocoins even if the market is as it is. Through this way you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
Today, the project I am going to present you is LibertyLance, a decentralized Gig based marketplace where freelancing meets blockchain.
As I said before, LibertyLance (https://libertylance.io) is a decentralized and self-regulating market based on concerts for freelancers and clients that is based on the Ethereum blockchain in order to use smart contracts to ensure a smooth transaction and act as a means of custody between the two parties without involving any intermediary. The platform gives to freelancers the opportunity to show their concerts at a fixed price in particular and gives customers the opportunity to select between several concerts depending on the qualifications, the price and the delivery.
The main LibertyLance goal is to transform the economy of the giants into a system of self-regulation and trust between the self-employed worker and the client. It aims to solve many of the problems currently faced by the autonomous community, such as: the centralized market authority, the high transaction rate, the security of funds, the delay in withdrawals and the little meritorious reviews.
On the one hand, LibertyLance gives you the opportunity to change your life as a freelancer. It offers a trustless marketplace and fair entry point for clients and freelancers because it is based on shared resources by its decentralized nature, and not by large enterprises. On the other hand, as a client, you will be able to select from various gigs based on the price freelancers offer and their ratings. This is all enabled by the technology called smart contracts, which are computer programs that facilitate, verify, and enforce the negotiation and execution of a particular agreement.
How it Works
The main process begins with the selection of the client from a wide range of jobs presented by freelancers. After finalizing and paying for a particular concert, the smart contract will be initiated and the client will be charged a 2% fee + the amount of the concert that will be kept in deposit by the smart contract.
In the event that the client is satisfied with the freelance service, the intelligent contract will automatically free funds to the freelance, while the freelance will charge an additional 2% of the amount of the concert. After completing the concert, both parties can review each other and provide feedback for future freelancers and clients. Below is a graphic representation of the entire process involved in the transaction between the two parties.
It is to say that when a dispute is initialized, the conflict resolution is carried out using smart contracts that ensures neither party get any payment problems or undeserved reviews. If either party is unsatisfied, an independent panel of token holders will deliver a verdict on the matter while being rewarded for their participation.
Date Event Sep 2017 Idea Development Oct 2017 Team Formation March 2018 Demo Launch April 2018 Pre-Sale May 2018 Main Token Sale June 2018 Exchange Listing Q3 2018 Alpha Release Q4 2018 Beta Release Q1 2019 Gamma Release Q2 2019 UI/UX Update Q3 2019 Android/IOS App
The project gives the opportunity to earn LibertyLance tokens (LTN)performing some social media tasks and doing simple steps from the bounty program explained into Bitcointalk webpage. Here (https://bitcointalk.org/index.php?topic=3048609.0) you can access to the link in order to see what are the conditions to become an early LTN contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop, you can read their whitepaper here (https://libertylance.io/uploads/whitepaper.pdf) or the whole ANN Bitcointalk explanation here (https://bitcointalk.org/index.php?topic=3048144) and you can also stay tuned in their official Telegram group (https://t.me/LibertyLanceOfficial). I hope you liked the post and soon I'll send you new ones.
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482