FreelancerChain Ico Review : A new-generation Blockchain-powered freelance platform

About FreelancerChain

FreelancerChain is a new-generation Blockchain-powered freelance platform where any freelancer throughout the world can find a job and receive payment. Our primary objective is, with the support of Blockchain, to ensure a reliable, fast, and a low-commission payment with FCN tokens between the freelancer and the client.

FreelancerChain platform is a project emergent to cope with and work out the problems of current freelance platforms with Blockchain support. It is aimed to find solutions to issues such as payments, fees, and reliability.

Token Basic Information

Freelancing Problems and Our Solutions

Bid Limitations

One of the biggest problems of platforms is that if you do not have a premium account, you can bid eight times at most within a month. Also, the privileges granted for premium members cause an inequality in the platform. For instance, the bids of premium members take precedence of those of free members. There is no premium membership in FreelancerChain platform hence inequality problem amongst members disappears. Any member can bid as many times as they want.

Difficulty in Retrieving Payments from Freelance Platforms

It is a must to wait for 15 days for your first withdrawal transaction. Furthermore, freelancers must pay up to 20% fees in their first withdrawal transactions. Withdrawal transactions generally get approved twice a week and if any problem is encountered, the transaction is postponed to the next week. Withdrawal transactions in the FreelancerChain platform take place within 24 hours at the latest with BlockChain support. Plus, there is not an extra fee in your first withdrawal and the first withdrawal duration takes 24 hours at most like the normal withdrawal duration.

Mistrust on both Sides

Many members on freelance platforms do not trust the other party during the start-to-finish time. On the FreelancerChain platform, the issue of trust between freelancers and clients disappears with escrow service. To ensure the trust between freelancers and clients, FCN tokens are preserved in the FreelancerChain escrow wallet during the process.

Lack of Quality Control

One of the biggest shortcomings on freelance platforms is in case a client encounters with any quality issues, the platform does not ensure quality control for the project. As to FreelancerChain platform, when a client encounters a quality issue, it is sufficient to create a demand for quality control. The FreelancerChain platform analyses the project and makes a judgement on if the requirements are met.

Remittance Charges and High Transaction Fees

Freelance platforms provide services with high fees. The fee commissions are approximately 20% on many platforms. There are different fees for clients, freelancers according to their membership status. On the FreelancerChain platform, clients do not pay any fees. Merely freelancers pay a 3% fee. Since there is no more a bank concept thanks to Blockchain support, freelancers do not pay any remittance fees. For instance, for a $100 project on the FreelancerChain platform, the client does not pay any fees and the freelancer makes $97 after delivering the work.

Functioning of the FreelancerChain

• Freelancer and client agree to the terms of the project.
• Client transfers FCN tokens to the Escrow Wallet.
• FCN tokens are held in Escrow Wallet until the transaction is fulfilled.
• FreelancerChain submits project to client.
• Client verifies the project.
• Escrow Wallet transfers FCN tokens to the client.

Advancement of FreelancerChain Sector

The word “freelance” first appeared in a novel written by Sir Walter Scott in 1820 and in the first version the word was originally written separately. At first, word “Free Lance” which references independent workers and the weapons they used was used to refer to the mercenaries. In the upcoming years, even though the popularity of mercenaries in Europe decreased, the concept of freelance increased rapidly.

The most attractive advantage of being a freelancer is the flexibility of the working hours. The people can work freely during their most productive hours and whenever they have a will to work. The absence of the imposition of time reduces the intense work pressure and ensures that the
productiveness and motivation are high.The work environment is the primary amongst the most important factors triggering personal success.

How FreelancerChain works ?

• FreelancerChain and client agree to the terms of the project.
• Client transfers FCN tokens to the Escrow Wallet.
• FCN tokens are held in Escrow Wallet until the transaction is fulfilled.
• Freelancer submits project to client.
• Client verifies the project.
• Escrow Wallet transfers FCN tokens to the client.

Freelance Business

• 57 million people work as a freelancer in the US.
• 31 % of freelancers in the US make more than $75,000 per year.
• 30 % of Fortune 500 firms employ workers through freelance platforms.

FreelancerChain Token

FCN token is a platform token of the FreelancerChain. In each token transaction, 0.5% of the transferred tokens are burnt. This enables the decrease of the total supply in each transaction. The unsold tokens during ICO will be burnt on the date stated in the roadmap.

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This article is writing on 22 May 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

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