LaborCrypto: The global freelance peer-to-peer ecosystem that shares revenue
LaborCrypto is a platform that matches users with other users to procure, hire and promote freelance work. It is a framework that streamlines gig economy match-making. LaborCrypto is utilizing the capability of blockchain smart contracts to decentralize corporate power structures and give more monetary power to the freelance workers and those who hire them.
LaborCrypto is all about changing the status quo and giving power to freelance workers, by linking people everywhere from all over the world irrespective of having a banking system or not, and enabling the freelancers to keep all of their earning and getting it immediately.
Building an ecosystem rooted in it’s core values: inclusion, opportunity and empowerment is what LaborCrypto centers around. These values lead to the creation of an ecosystem that provides some value beyond the numbers.
Most of the platforms currently in existence that cater to the gig economy, their efforts are being spent on solving a few problems. For example, how to pay the user on time or reduce service fees. These are reasonable worries within the freelance market, but the most important issue which is user loyalty is still very much unattended to. As long as freelancers gain from doing business directly with the customer, to do so they will always undercut the platform. It is important to compensate users for their time, dedication and loyalty which LaborCrypto strongly believes in. LaborCrypto intends to execute this by sharing half of the platform’s actual revenue with both the users and freelancers that contribute to the development and growth of the ecosystem, based on their individual contributions. Let us say a customer spends $100 and the worker generates $1,000, the worker will receive ten times the reward the customer does.
Another thing that differentiates LaborCrypto from its competitors is experience, accumulated from work on an existing platform called ChoreRelief. This marketplace enables users to outsource household services and connect with workers in vicinity. It not only focused on giving users access to cheap work but also allowed the workers to have an opportunity scale. At ChoreRelief, workers were given an app to connect with customers and a dashboard to manage their business in real time from a cell phone or PC. If there was a need to hire additional persons, the dashboard allows them to manage their workforce appropriately. LaborCrypto is an evolution of all of the knowledge and experience acquired by working on ChoreRelief.
The flaws with existing online freelance platform
A large number of people are involved in the gig economy that is all around us. A lot or people make use of Uber, Lyft, Task Rabbit, Fiverr, Freelancer.com, UpWork, and several other worker-consumer matching applications. These platforms suffer from various weaknesses such as;
- Heavy service fee
- Only a few of them have real brand loyalty
- No in-built dispute mechanism
How LaborCrypto compensates for these flaws
LaborCrypto will be using the expertise of its founders and applying blockchain technology to make a freelance hiring platform that is decentralized, has extremely low fees, takes into consideration the more than 3 billion people that do not have access to banking to make and store money, and will have a built-in arbitration process. In addition, LaborCrypto will share 50% of collected fees and advertising revenue with all active Utility Token holders that are contributing to the LaborCrypto marketplace. Inactive Utility Token holders will not earn money based on the work of others. This combines the upsides of an employee-owned company with the advantages of being self-employed!
LaborCrypto as of now has a team with years of experience in a freelance worker platform. A live platform that allows a huge number of paying customers to hire registered service providers to perform household tasks has already been built. Even before beginning to model a blockchain-based platform, they have had success in the $1 Trillion-plus gig worker market with a more than 30% month-to-month user acquisition rate. That achievement comes from having built best practice low cost per acquisition processes for the marketplace, which LaborCrypto will adopt.
LaborCrypto is taking that experience and model and enhancing it with blockchain technology. Some of the other current model features that LaborCrypto will adopt include the following:
• Jobs being visible to all online(e-lancers) and offline workers (freelancers) in seconds, available on a first -come first-served basis.
• Allowing customers to set their price.
• Multi Employee Real-Time Management — providers can hire a team and manage them in real-time.
• Best-in-Class Enterprise tools, invoicing, payment, data reporting, and scheduling
LaborCrypto will build on and evolve ChoreRelief’s successful and value-adding services and features into the cryptocurrency world to enable smart and convenient transactions. Making another medium of trade gives consumers more options in how they pay for services; Freelancers get a more streamlined process by shorter transaction times, lower costs and a new form of compensation. All this adds up to more transparent accounting and audience analytics information.
As governments and analysts discover approaches to follow this growing Future of Work phenomenon, a large number of people have attained internet access across the world in countries that provide online services. North America represents more than 60% of all consumption of these services because of higher labor rates and cost of living. LaborCrypto will profit by having experienced leadership familiar with working in the most active hiring region of international freelancers.
The global freelance market is as of now in the trillions of dollars and growing. 54 million Americans alone, or 35% of the total workforce populace, do a type of freelancing. (Elance Report). In 2014, worldwide online freelance work totaled $941M, and North America, Europe and India freelancers alone accounted for 77 million freelancers. 66% of that work was conducted on online platforms.
LaborCrypto Token Sale
The token sale will be an offering of LBRS, LaborCrypto Security Tokens. The LBRS LaborCrypto Token is an ERC20 utilizing Ethereum blockchain. The Owners of the LaborCrypto token are Entitled to a 5% revenue sharing program. Every buyer of a LaborCrypto Token will be AirDropped, at no cost, a Utility Token on a 1:1 basis. The LaborCrypto Utility Token, LBR, will be used as a means of exchange for services on the platform. They plan to make the LBR Utility Token available on other freelancer platforms and anticipate that it will become Standard payment of choice. LaborCrypto will be working with other freelancer platforms to offer integration of LBR into their platforms.
Max LaborCrypto Token supply is 100,000,000,000 (100 Billion)
Max LaborCrypto Token supply is 100,000,000,000 (100 Billion)
60% of the total LaborCrypto Token supply will be offered during Presale and crowd sale 60,000,000,000 (60 Billion)
ICO Presale supply 6,000,000,000 (6 billion)
ICO crowd sale supply 54,000,000,000 (54 billion)
Hard cap $22 million USD
LaborCrypto Token symbol LBRS
LaborCrypto Token exchange rate $1 USD = 2,000 LBRS (two thousands)
The era of money being power is coming to an end, and is going to be replaced by technology, consciousness, and community as a means to power. LaborCrypto is putting itself in a position of ‘power’ by providing the stage for individual empowerment.
For more information and questions, check out the links below