Coinlancer, a new Ethereum-based freelancing platform which uses blockchain technology, was launched last October 17, 2017 at Crowne Plaza Hotel in Ortigas and it aims to reinvent the freelancing community by providing a protocol that is fair to both clients and freelancers.
After its successful launch in Malaysia, the company taps the Filipino freelancers to take advantage of Coinlancer’s platform. They are expecting to raise $50,000,000 in their Initial Coin Offering (ICO), $1,000,000 of which coming from the Philippines. It will only have a supply of 300 million tokens valued at $0.25 per token during the month-long ICO. The ICO will end on November 15, 2017.
When asked about the security of the platform, Coinlancer Advisor Amarjit Singh ensures that the system is decentralized thus making the distributed ledgers safe and unhackable.
The online job market has been growing and many Filipinos are embracing freelance work. Freelancing platforms such as Upwork and Freelancer are criticized to be charging excessive fees and charges. PayPal, where most freelancers receive payments, is also charging excessive fees and offers low foreign exchange rates. Sai Teja, Advisor of Coinlancer and Co-Founder of LaunchMyICO and Founder of Livecoin Technologies mentioned that these platforms charges as high 20% from freelancers. It will only charge 3% transaction fees. Also, issues in the contemporary freelancing platforms such as unresolved disputes, disputes resolution, identity theft, user account suspension, and fake reviews will be the least concern of the freelancers who will join the platform.
20+ Cryptocurrencies Accepted
Coinlancer platform accepts more than 20 cryptocurrencies thus providing flexibility to transact and convert across the platform. The CL tokens can be used in Coins.ph where you can send and receive money, pay bills, shop online, and buy load. Coins.ph also offers 22,000+ locations to cash-in and out making access to funds hassle-free for the Filipino freelancers all over the country.
To learn more about Coinlancer and how the system works, or if you wish to register an account, visit https://www.coinlancer.io/