The evolution of internet started transferring power in the hands of people and has witnessed rise of freelancing portals in past two decades. Though initially, they were able to draw large number of users on their platform but the inherent issues in the model didn’t entail user loyalty. As a result, these websites soon started losing steam and the freelancers started looking for directly dealing with businesses in search for higher payouts. Higher fees, currency exchange, lack of quality freelancers availability are few issues which made these traditional platforms inefficient and people started looking for newer and more efficient avenues.
With a substantial experience of running a successful business Chorerelief (North American Gig based platform) and feedback gathered from its existing customers, the team has come up with LaborCrypto - a unique solution with blockchain powered smart contracts to change the landscape of this high potential industry. As per one of the Elance reports, 34% of the American population I.e. approx 54 million Americans do some sort of Freelancing work. The proposed solution will provide transparent accounting, audience analytics along with best in class enterprise tools. It will help in multi-employee real time management whereas the customers can set their own price at which they are willing to work. So, this value driven approach will be a win-win for all the stakeholders including freelancers, consumers.
Image Source: Laborcrypto Whitepaper
Laborcrypto plans to use mix of high ROI marketing strategies including Paid marketing and organic marketing to expand its reach to its potential customers and simultaneously bank upon its existing experience to driving Freelance platforms. The team has figured out the needs of this industry and want to bring a paradigm shift through their skills, passion and experience by empowering the masses.
LBRS security token will be offered in the sale and it will entitle holders with 5% revenue sharing based on the contribution made by them. They will also receive LBR utility token in 1:1 ratio, which is used for all transactions in Laborcrypto ecosystem and is a ERC20 compliant. The company intends to integrate LBR utility token in other existent freelancing platforms also and is much better positioned as compared to its peers. The Alpha product launch is scheduled for Q1-2019 and Main release in Q2-2019. The company has got its smart contract audited from Calibrant Technologies and has shared its certificate in its whitepaper.
The Token sale soft cap is fixed at $2 million with hard cap at $22 million and total tokens for public sale are 522 million tokens I.e. 60% of the total created 100 billion tokens. Rest of the tokens are kept for founding team, advisors, bounty and company partnerships reserve. The team assures burning of all unsold tokens after public sale in interest of investors. The tentative proceeds allocation plan is detailed out as below.
Image Source: Laborcrypto Whitepaper
Further details on this promising project can be checked at the following links:
Official Website: https://laborcrypto.com
Whitepaper: https://laborcrypto.s3.amazonaws.com/laborcrypto/assets/LaborCrypto-White-Paper
Project Telegram: https://t.me/laborcrypto
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Disclaimer: This article was created in exchange for a potential token reward through Bounty0x (Username: mittal2a), which may be granted on acceptance of this article.
** This should not be treated as explicit financial, trading or otherwise investment advice. Please do your own detailed research before final investing.**
