DECENTRALIZING THE FREELANCE INDUSTRY THROUGH BLOCKCHAIN TECHNOLOGY; THE CRYPTOTASK PERSPECTIVE.
The 2008 global economic meltdown was momentous in many instances. It left major economic actors retracing their steps and at the same became an opportunity for new world economies to emerge from the cloud with better features. In 2009, in the turn of an event that shaped and reshaped the world’s economy, the world witnessed the introduction of crypto currency into the finance market with its inherent potentials and benefits. A good number of people subscribed to the viewpoint of the developers of the crypto currency market concept and has since then made relative enhancement in almost all ramification(s). Soon afterwards, other platforms emerged in a bid to appropriately and holistically decentralize the money market and other sectors.
The Ethereum Blockchain platform was launched and has since maintained the standard. The Ethereum Blockchain which is a decentralized platform Turing complete machine that hypothetically allows other projects to implement their logic on the platform, instead of building a new blockchain from graze frequently have the problem of scalability. Research has revealed that the problem of scalability is a major one confronting the platform coupled with lack of Proof-of-Stake and of course the challenges of sharding not supporting the system has been outlined implying that any higher amount of calculation get expensive. As a corollary, the Ethereum gas prices are not predictable thus building on it is not feasible. Instead, there is need of building a new blockchain from scratch that will be independent of numerical manipulations. My personal pursuit to have a better Blockchain experience redirected me to https://www.cryptotask.org/.
The CRYPTOTASK platform is proposing to apply the blockchain technology to the current freelancing market. This is affix to the fact that the freelance industry is a huge one with freelancers making up 35% of the entire workforce in America and ostensibly contributing up to 1trillion USD approximately on annual basis. Decentralizing the freelance industry is vehement at this point in time because it offers multiple advantages including lower fees, no censorship, dispute process transparency, no financial limits, no arbitrary meddlesome from corporations or governments. This is just why cryptotask has come to stay in a bid to better spread out the Blockchain world and give freelancers a level playing ground to interconnect, interexchange and make comparative impact in the crypto currency industry. Technically speaking, the platform is building a blockchain-based task market system consisting of clients, freelancers and reviewers. Clients post job offers, freelancers apply for these and reviewers are stake-holders that put down a deposit, at least equal to the value of tasks they intend to be reviewers for, and define their area of proficiency; in the case of a task dispute for which they were selected into the review panel, they are required to cast a vote on whether the task was completed or not.
The illustration gives an overview of the methodology of the cryptotask platform.
To get background information on the technicalities of the platform and it paraphernalia, download ‘White Paper’ https://www.cryptotask.org/Whitepaper_CryptoTask.pdf.
The platform is also working tediously to make the prediction market better and more positioned for valuable competition. The platform employs mathematically provable attack model to provide resistance with likelihood calculations using probability distributions. This is also to support certain market postulations and to give the participants the breathing space to understand how the platform intends to support the large community of persons who will queue into the vision of the developers of the platform.
To further achieve the outlined objectives of the platform, ICO is out for offer, to allow a wide range of persons including but not limited to freelancers and the general public. To get more about ICO offer, log on to https://www.cryptotask.org/#wpcf7-f167-o1. The token employed for participation in the platform is the CTF token. It is a complete ERC20 token and smart contract tailored in that angle. Pre-sale started on 15th November, 2017 and will end on 21st December, 2017. During the Pre-ICO, 2000 CTF will be equal to 1 ETH plus a 100% bonus. There will be no specific head-cap, thus the overall number of tokens will depend on the pre-sale and ICO. Out of the all the CTF tokens in supply, 80% will be offered for sale while 20% will be reserved as demonstrated by the diagram below.
Funds gotten from crowdsale will be distributed as shown in the diagram below. $5 Million USD have been set as initial hard cap.
To get more on how to figure out Bitcoin bounty ICO offer, follow https://bitcointalk.org/index.php?topic=2319968.0. At least 482.76 ETH and still counting has been raised. To find out more, send mail to [email protected].
The platform is a community-driven project thus on social media. To connect with other participants of the platform, log on;
https://www.facebook.com/cryptotask/
https://twitter.com/cryptotask_2017
https://telegram.me/CryptoTASK
https://github.com/vkajic/cryptotask
https://bitcointalk.org/index.php?topic=2258743.0
https://bitcointalk.org/index.php?topic=2319968.0
Authored By: https://bitcointalk.org/index.php?action=profile;u=1156227
Wallet Addr: 0x855382E202d3DCaDfda10f62969b38DcEe558270