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The freelance market is one of the fastest-growing sectors of traditional finance. A study last year found that there are over 59 million freelancers in the US alone. These freelancers contributed roughly $1.3 trillion worth of value to the American economy — in 2021 alone!
Those numbers prove that the world is shifting from lifelong corporate commitments to freelance opportunities. People are getting the option to cut out corporations and earn the fair market value of their skills.
At the same time, however, we’re also seeing the same old patterns repeat with the emergence of centralized freelance marketplaces.
The Irony of Traditional Freelance Marketplaces
When popular freelancing platforms like Upwork and Fiverr emerged, they became the rallying call for talented individuals around the world. After all, these marketplaces offered people the opportunity to monetize their skills and passions by attracting a fair market value.
Unfortunately, things have taken a turn for the worst as popular traditional freelance marketplaces have established a monopoly of sorts. These platforms take over 20% in commissions from freelancers and then tax the buyers as well.
As a result, many freelancers feel that they are back to depending on middlemen that take a cut from their earnings. Where corporations used to profit off of the hardwork of these talented individuals, third-party marketplaces are the middlemen of the gig economy and they’re more than willing to tax users unfairly.
Elancer is Leveraging Decentralization to Democratize Freelancing
https://www.youtube.com/watch?v=8X96EHNyy6c
By leveraging blockchain technology, Elancer has created a democratic platform where freelancers and their clients can trade value without the intervention of any third parties.
The result is a wide assortment of benefits that the traditional finance world cannot hope to match:
Impartial Access. As the platform isn’t bound by the legal hurdles and bureaucratic red tape that’s common in the traditional finance world, Elancer can serve users from any geography and walk of life. Furthermore, all users are given the same, professional treatment, as the underlying blockchain mechanisms are designed to offer impartial access.
Minimum Commission. Unlike the industry standard of 20%, Elancer has managed to cut back its costs significantly by leveraging blockchain technology. The creators are proud to pass these savings off to users by lowering their commission rate to 5% only.
Unparalleled Security. The distributed-ledger technology ensures maximum security across every aspect of this ecosystem. Security lapses are virtually impossible given the impeccable track record of blockchain technologies to date.
At the same time, the platform has all the positive features from traditional marketplaces integrated into its own offering. These include things job posting, bidding, escrow services, ratings, reviews, favorite posts, and much more,
The Elancer platform supports payments for both clients and freelancers in many popular cryptocurrencies, including Bitcoin, Ether, and Litecoin. This is on top of credit card payments, which incur a 7.5% transaction fee to make up for the payment processor’s markup.
Launching the Elancer Token ($ELCR)
Elancer is proud to announce that it’s launching an in-house token to further solidify its footprint in the decentralized finance world.
The $ELCR is a BEP-20 token on the Binance Smart Chain with a wide assortment of utilities baked into it. This utility-first token will enable payments for freelance services on top of a variety of other utilities within the Elancer freelancing ecosystem.
Proving its commitment to offering a safe and transparent environment for all stakeholders, the creators of Elancer token will lock liquidity for 5 years immediately after listing the token on Pancakeswap.
Furthermore, this is a reflection token with rewards for its holders, thus enabling freelancers to add another source of revenue to their portfolio. There’s also an NFT integration planned for third quarter of 2022.
To learn more about Elancer and join the decentralized freelancing revolution, please explore the following links:
Website: https://elancer.io/
Telegram: https://discord.com/invite/A7HhJ4ynT4
Twitter: https://twitter.com/ElancerCoin
Discord: https://discord.com/invite/A7HhJ4ynT4
