LybertyLance Token

- Maret 20, 2018

What Is LibertyLance?

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. It offers a trustless marketplace and fair entry point for clients and freelancers because it is based on shared resources by its decentralized nature, and not by large enterprises. The core values of LibertyLance is based on the platform’s users. As a client, you will be able to select from various gigs based on the price freelancers offer and their ratings. This is all enabled by the technology called smart contracts.

LibertyLance Token

The Libertylance tokens represent marketplace access and for participating in the dispute resolution between the client and freelancer in our marketplace. The role of the token or use case in the system would be the access to features and functionalities in our marketplace while also being used in the dispute settling of clients and freelancers, based on the outcome of the deal, token holders will be awarded the transaction fee and tokens from those people that were wrong in the dispute resolution process.

The voting decision system is an automatic dispute resolution process that is used to settle disputes between clients and freelancers with a transparent and decentralized approach.

There will be a maximum of 50 million (50,000,000) tokens available, this particular number has been set as to ensure that the voting system is diverse without any group of people or individuals manipulating the voting process. A supply of 50 million (50,000,000) was decided upon by our team to eliminate bias as well as an incentive to taking part as a dispute settler for a sound, quality and scam-free freelancing ecosystem.

Marketplace Access

In our marketplace access to features and functionalities will be restricted to the freelancers as they must have a minimum number of tokens in their account in order to unlock the features of the platform and be able to receive any gig orders from clients. This is done in order to remove any bad actors from the marketplace to ensure the long term growth and stability of the platform.

The features of having a premium access to the marketplace includes:

Gigs posted by freelancers will be higher in our search engine system.
Detailed dashboard statistics such as earnings report, portfolio management, past gig details etc.
Offering upsell services in an active gig.
Exclusive seller badges on different levels.
Ability to send custom gig offers to clients.
Ability to post multiple gigs from the same account.
Eligibility to be featured at promotional listings.

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