There is imbalance in the force of the freelancer world. In traditional systems, freelancers are often under unfair requirements for creation of content and the value of what they create. Employers, too, are under an unfair pressure that moves them out of the real marketplace and keeps them from understand who they are hiring.
Fees are Rough
Freelancing systems that have sprung up in recent years charge really substantial fees for freelancers. While a few platforms do sometimes allow freelancers to work into more profitable structures with clients. However, every new client is subject to the most costly fee reductions possible – usually a 20 percent cut of the price, right off the top, and even before paying taxes, etc. The fee structures in these systems need change.
Coinlancer has analyzed the market and created a platform where every job pays just a 3 percent fee. The platform is based on decentralized Blockchain technology. It doesn’t require huge fees like their centralized counterparts (like Upwork). Rather, Coinlancer has found a way to replace the centralized hub with the mathematical protocols of the Blockchain.
Additonally, political issues on centralized platforms cause headaches and concern for most freelancers and employers. Freelancer rankings are generally created with algorithms that determine which freelancers will be ranked at the top. This problem often causes frustration for freelancers who do not meet the standard or lose their status for unknown reasons. Further, employers find themselves with an unrealistic picture of the success of any freelancer.
Coinlancer on the other hand empowers freelancers to provide rankings to users through what is called the ‘Freelancer Tribunal’, a user-populated arbitration panel for determining violations. Freelancers can choose rules that are best for the platform as a whole, rather than just the centralized hub, as with traditional systems.
Finally, disputes are arbitrated using without the use of confusing policies that generally include complex arbitration charges. The Coinlancer system lets the Tribunal decide in all these disagreements unbiasedly.
Freelancers are often ripped off by clients. Traditional systems allow for some level of false accounts, payments, and agreements, within their escrow systems, and freelancers often must seek various systems for maintaining their cash flow.
The Coinlancer platform, on the other hand, keeps payments escrowed before the job begins using the proprietary Coinlancer token. The token system protects users and employers so that fraudulent jobs do not occur. Few disputes arise and those that do can be controlled by the Tribunal, which makes fixed rulings based on policies, and are able to divide funds for fairness.
While Coinlancer scales up, demand for Coinlancer tokens and their trading will increase as well. Freelancers and employers who own Coinlancer currency will be able to profit on the platform growth through tokens. Working on Coinlancer will ultimately become a dual investment.
The platform will unite freelancers and employers together and build a space for balanced freelancing where employers and freelancers work together and are fair to each other and payments are safe and immutable. By removing the centralized hubs, Coinlancer will restore balance to the freelancer world.
Interested parties can participate in the Coinlancer ICO, and buying tokens is simple – just go to the site and follow the instructions. The pre-sale started on October 4, and the token public sale will begin October 14 and end November 2. A group of angel investors has already seen the potential and given $5 mln in pre-ICO funding.