What is LaborCrypto?
The global freelance peer to peer ecosystem that shares revenue. LaborCrypto is a peer-to-peer freelancing platform backed by blockchain technology to create a more meritocratic ecosystem. The protocol design uses a smart contract-based escrow mechanism, creating a platform that's fair to both clients and freelancers. LaborCrypto's goal is to reinvent the freelancing community using the latest blockchain technology and virtual currencies, in order to share revenue with its users. LaborCrypto will be using the expertise of its founders and applying blockchain (Distributed Ledger) technology to make a freelance hiring platform that is decentralized, has extremely low fees, allows for the unbanked to make and store money, and will have a built-in arbitration process. Additionally, LaborCrypto will share 50% of collected fees and advertising revenue with all token holders that are actively using the tokens and their memberships in the LaborCrypto marketplace. There will be no inactive shareholders that earn money based on the work of others. This combines the advantages of an employee-owned company with the advantages of being self-employed!
LaborCrypto, on the other hand, already has years of experience with a freelance worker platform. ChoreReliefTM already has a live platform that enables thousands of paying customers to hire registered service providers to perform household tasks. Even before beginning to switch to a blockchain-based platform, ChoreRelief has had success in the $1 Trillion-plus gig worker market with a more than 30% month-to-month user acquisition rate. That success comes from having built best practice low cost per acquisition processes for the marketplace, which LaborCryptoTM will adopt. LaborCrypto is taking that experience and model and improving it with blockchain technology. Some of the other current ChoreReliefTM features that LaborCryptoTM will adopt include the following.
LaborCrypto is creating a unique digital token called LaborCrypto Coins (LBR) that consumers and freelancers use to exchange value for work completed. Consumers can pay for any freelance services using LaborCryptoTM. An iOS and Android Wallet will be integrated to offer 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 protect both the freelancers and consumers. This feature is planned from Q3 2018. The only form of payment is the LaborCryptoTM coin (LBR). There are LOW transaction and service fees because it costs much less to send transactions over a blockchain network. This allows the freelancers to keep more of their money. Users can search, hire and pay for freelancer services using LBR. Active users participate in a valuable fee sharing program.
Project Team:
LaborCrypto benefits from our Team Members’ experience & knowledge across different business areas. Each and every one of the team members represents the spirit of LaborCrypto™: driven, committed, and acutely aware of LaborCrypto's potential. The LaborCryptoTM leadership team developed and manages ChoreReliefTM, a North American gig marketplace for household services that focuses on providing consumers more control over their budget and time and empowering workers with a suite of resources to build a business. ChoreRelief’s ideals, people-first principles, and disruptive nature are intrinsically embedded in LaborCrypto. Since developing and launching technology consisting of iOS and Android apps and a worker dashboard, our team built a marketplace of 10,000 North American users with 30% growth each month in just a few months. While building the ChoreReliefTM ecosystem, we always believed the key to user loyalty was creating enough value for all user experiences, but we also identified critical problems within the freelance labor marketplaces. We created value for the consumer by allowing them to name their budget, control their time, eliminate the noise and wasted communications and reduce the transaction to a quick, painless, and affordable solution.
Token Details:
LaborCryptoTM benefits from our Team Members’ experience & knowledge across different business areas. Each and every one of the team members represents the spirit of LaborCrypto™: driven, committed, and acutely aware of LaborCrypto's potential.
Token LBR
PreICO Price 1 LBR = 0.0005 USD
Price 1 LBR = 0.0005 USD
Platform Ethereum
Accepting ETH, BTC
Minimum investment 0.01 ETH
Soft cap 2,000,000 USD
Hard cap 22,000,000 USD
Country Cayman Islands
Whitelist/KYC KYC & Whitelist
Restricted areas The United States of America, People's Republic of China (except for Hong Kong, Macau, Taiwan), South Korea, Cuba, Iran, North Korea, Syria, Crimea Region.
Verdict:
LaborCrypto is much better positioned in the market than their competition. LaborCrypto already has significant experience in this field. Combined with blockchain technology, LaborCryptoTM will offer lower fees, more incentives, additional revenue streams, higher quality freelancers and better platform features, than our competitors. LaborCryptoTM will be able to position its product and services in a highly competitive manner.
Important links:-
Website: https://laborcrypto.com
Whitepaper: https://s3.us-east-2.amazonaws.com/laborcrypto/assets/LaborCrypto-White-Paper.pdf
Telegram Group: https://t.me/laborcrypto
Twitter: https://www.twitter.com/laborcrypto
Facebook: https://www.facebook.com/laborcrypto
Bounty: https://alpha.bounty0x.io/hosts/laborcrypto
