LibertyLance - First Decentralized Gig Marketplace

ndika83 (25)in #blockchain • 7 years ago

About

LibertyLance is a self-regulating and decentralized gig-based marketplace designed for freelancers and clients to transact in the quickest and most transparent fashion through smart contracts. It is a revolutionary freelancing platform that uses the power of blockchain technology solving many underlying issues present in the traditional marketplaces. Using smart contracts, the platform eliminates any possibility of a central authority, non-payment and undeserving reviews on the platform. LibertyLance is a platform that gives you the opportunity to change your life as a freelancer, so that every freelancer and client will not feel mutually harmed because their transactions are set by the system.

Benefits of using LibertyLance platform

Decentralized
LibertyLance will open its entire operation to its community by using the Ethereum blockchain to provide a decentralized marketplace so that freelancers and clients do not suffer from unfair account suspension or disputes because the entire infrastructure is designed to be automated and trustless to the fullest possible extent.
Smart contracts
In order to eliminate the services of a middleman, smart contracts are going to be deployed that are going to act as an escrow medium with pre defined conditions and rules to facilitate a smooth transaction between the client and freelancer.
Dispute Resolution
Conflict resolution on LibertyLance is carried out using smart contracts that ensures neither party get any payment problems or undeserved reviews. If either party is unsatisfied, an independent panel of token holders will deliver a verdict on the matter while being rewarded for their participation.

Problems in Freelance Marketplaces

One of the core problems faced by freelancers in the traditional freelancing marketplaces are the high fees charged by the complete central authority marketplaces. Moreover, due to refunds charged by the clients after the completion of a gig, freelancers are not awarded payment for all that work they had done. These are the main reasons, we are aiming to introduce a revolutionary trustless platform based on the blockchain where freelancers and clients can transact without the need of a third party.

Token Usage

Token Holder Jury
In a scenario where any dispute arises, the voting decision system has been setup to cater for this. It is an automatic dispute resolution process that is used to settle disputes between clients and freelancers with a transparent and decentralized approach.
In order to participate in these disputes, those with our LTN tokens will be able to vote in the disputed cases as there won't be any involvement of a third party. Consensus reached by the token holders will enable the smart contract to automatically release funds to the winning party and token holders will be awarded the transaction fee and tokens from those people that were wrong in the dispute resolution process.
Marketplace Access
Any user can register on our platform without any costs but access to features and functionalities will be restricted to the freelancers as they must have a small minimum number of LTN tokens in their account wallet in order to unlock the features of the platform. This is done in order to remove any bad actors from the marketplace and to ensure the long term growth and stability of the platform. Some of the features include:

Ability to receive client orders
Detailed dashboard statistics such as earnings report, portfolio management, past gig details etc
Exclusive seller badges on different levels to boost profile visibility
Ability to send custom gig offers or specific milestones to clients
Ability to post multiple gigs from the same account

Token And Ico Information