LaborCrypto

LaborCrypto

Created using Figma
Created using Figma

Last Update

Oct 2, 2018

A global free-to-peer ecosystem that shares revenues. LaborCrypto ICO is a peer-to-peer free-running platform supported by block chain technology to build a more streamlined ecosystem. Protocol design uses a smart contract-based escrow mechanism to create a fair platform for both clients and freelancers. The goal of LaborCrypto is to recreate the free community that shares revenue with users with the latest block chain technology and virtual currency.
60 Days
Jul 1, 2018
Oct 31, 2018
91% completed
Raised funds - no Data
Goal 22 000 000 USD
Cap 22 000 000 USD
ongoing
  • 2000 LBR
    =
    0.0005 USD
Token Details
Ticker
LBR
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Cayman Islands
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Whitelist
Yes , from Jul 1, 2018 till Sep 30, 2018
KYC
Yes
Categories
Platform, Cryptocurrency

About LaborCrypto

Disrupting the Disruptors - How LaborCrypto will Empower Freelancers Around the Globe to Finally Be Free.

In the last several year's blockchain technology, and the immutable digital ledger system it offers, has caused massive disruption in the financial industry and beyond.  At the same time, there has been a virtual explosion of online freelancing sites, giving millions of freelancers across the globe access to billions of customers, and creating a vast and growing new economy, the Gig Economy.

Blockchain technology started with Bitcoin, the cryptocurrency, but was quickly proven so valuable as a digital ledger that it was soon adopted to many other industries, including pharmaceuticals, manufacturing, shipping and so forth.  Infallible and immutable, blockchains are the perfect ledger system.

Freelance platforms, including UpWork, Freelancer, Fiverr, Etsy, RedBubble and more, tapped into the communication power of the world wide web and the convenience of mobile devices, connecting sellers with buyers worldwide.  Unlike blockchain technology, however, freelance websites are far from perfect.

The Problem(s) With Freelance Websites

If you ask the average freelancer, working on one of the various platforms, what they perceive as the biggest flaws of said platforms, they will usually refer to 5 major problem areas that cause them to suffer financially, as well as causing negative consumer responses.

Problem #1- High Service Costs and Fees

On average, freelance platforms take 22% of the selling price of every Gig sold. On Fiverr, for example, they take 20%, or 1 out of every 5 dollars the freelancer (the ‘seller’) earns. Many of these platforms also charge the customer (the ‘buyer’) a fee to use the platform (or ‘ecosystem’).  Some ecosystems even take a fee when a seller gets paid a ‘tip’, a practice that’s illegal in the United States and other countries.

Problem #2 - Delays Getting Paid

If high fees weren’t bad enough, freelance platforms also force sellers to wait for their earnings, sometimes up to 2 weeks. These delays are mainly caused by the traditional financial system, although some platforms also tack-on extra waiting time, creating extra financial stress for millions of freelancers.

Problem #3 - Inflexible User Experience & Processes

Here’s a problem area for both buyers and sellers. For sellers, the inflexible sales processes used by virtually every freelance economy force them to waste hours of valuable time every day. These same processes waste the time and energy of the buyers as well, who are forced to rely on outdated review systems to evaluate sellers and their respective offers.

Problem #4 - Lack of Banking Access

Although a problem not suffered by all sellers, roughly 40% of the freelance community has either little or no banking access, making it much more difficult, and costly, to receive their hard-earned income.

Problem #5 - Loyalty Issues

Possibly the biggest problem freelancers face with all ecosystems is this; inequity between the platform and the creators. The single reason that freelance platforms exist is due to buyers and sellers, but neither are given financial thanks for this fact, causing many to come and go far too frequently.

5 Major Problems - 1 Complete Solution

LaborCrypto will merge Blockchain Technology, AI and the power of the people to disrupt the freelance economy, solving all 5 of the aforementioned problems while opening up even bigger doors to freelancers around the world.

The great news is that, as we speak, LaborCrypto is in its pre-sale stage, making it the perfect time to invest in our ICO.  Click the link below to do that, right now, and get in on the bottom floor, before the value of LaborCrypto goes through the roof.

 

Features

About LaborCrypto

We are all contributing to a world we would rather live in, a world where we are in control, a world we feel we deserve, a world where the vast majority of people love what they do.

What is LaborCrypto?

Gig Economy Experience + Blockchain Computing Decentralization LaborCrypto™ is a light touch administrator in a people-powered freelance work ecosystem. Our algorithms match users with other users to hire and promote freelance work. LaborCrypto is the next iteration of ChoreRelief™, a platform that streamlined gig economy match-making. LaborCrypto is using that experience and applying the power of blockchain smart contracts to decentralize corporate power structures and give more economic power to the freelance workers and those who hire them.

We, at LaborCrypto, think differently and believe in challenging the status quo and giving power to freelance workers. And the way we do that, by connecting people from all over the world regardless of having a banking system or not and allowing the freelancers to keep all of their earning and getting it immediately. We believe in sacrificing the numbers to save the people, and the way we are doing that, by sharing half of our ads and fee collected revenue with our users.

WHAT VALUES DO WE HOLD?

LaborCrypto embraces the responsibility of being a platform where providers and consumers of freelance services thrive together because they share similar values and are both stakeholders in the ecosystem. LaborCrypto™ strives to take out the costly middle-men and rent-seekers that inhabit much of the gig economy to allow consumers and freelance workers to interact directly, benefitting from that interaction and the overall value of the platform. 

LABORCRYPTO’S VALUES?

We believe that each one of us gains real control over our lives when: • As a Consumer, you decide that hiring help would be a better use of your resources; • As a Freelancer, you go out on your own to be your own boss, expand your horizons, and test your limits; • As a Stakeholder (only available to Consumers and Freelancers), you want to be a part of something that will make the world a better place and increase how much money you make by working through the platform.

We at LaborCrypto like to observe. We observe how people work together, how they source services and how they provide them. Mid-large size companies prefer working with agencies that act as a one-stop shop for services, such as seen in digital agencies (offering web development services along with marketing services & sometimes more). With small startups, we observe that they use freelancing platforms to perform small tasks for them to avoid the large commitment of going with a formal agency. There is a new middle ground, which involves unofficial agencies, where one freelancer may act as the main account manager and involve other freelancers in completing parts of the larger service offering. Freelancers are all about contacts. They want good reviews, repeat business and referrals. They also build out their own network of experts that offer complementary services that they do not. LaborCrypto will empower this freelance behavior by allowing one freelance resource to consolidate other resources and build a team to provide a slew of services. This sort of “teaming” will provide a freelancer with a competitive edge by being able to offer a broader array of services. By encouraging competition like this, we also encourage community and collaboration.

LaborCrypto Roadmap

  • Apr 2018

  • Expansion of development team and strategic consultants to enhance execution plan based on milestones
  • May 2018

  • Token Created and Smart contract Audited
    begin development
    file Reg D
  • Jul 2018

  • Pre-sale
    build Advisory team and partnerships
  • Aug 2018

  • CO Crowed Sale
    and further ramp up marketing
  • Read More
  • Aug 2018

  • File licensing and government regulatory applications
    Reg A
  • Oct 2018

  • API & SDK build for LBR Token to be used on affiliate platforms (starting with ChoreRelief)
  • 1Q 2019

  • Initial alpha and beta testing of the freelance platform
  • 2Q 2019

  • Finalize platform & start transacting and expand international biz dev team
  • 3Q 2019

  • Build & Launch Mobile Apps
  • 4Q 2019

  • Establish global regional offices. Launch educational and training ecosystem partnerships.
  • 1Q 2020

  • On-going platform improvements and enhancements Ecosystem development.
  • 2Q 2020

  • Launch complete API & SDK library for implementation of LBR as form of payment on other freelance or gig platforms

Activity

Activity:
7
VERY LOW
Posts:
11
VERY LOW
Views:
204
VERY LOW
Posts:
220
MEDIUM
Followers:
4 026
MEDIUM
Likes:
3 815
MEDIUM
Rating:
5
VERY HIGH
Reviews:
34
LOW
Followers:
6 396
HIGH
Tweets:
265
MEDIUM
Fake Users Detected:
1.70%
Members:
78 814
VERY HIGH
Investors Detected:
0.06%
Alexa
Rank:
1 412 979
VERY LOW
Delta:
343 287

Team

Verified 60%

Attention. There is a risk that unverified members are not actually members of the team

Dir Operations ChoreRelief™
verified
CEO
verified
VP of Strategy and Relations
verified

Advisors

Verified 17%

Attention. There is a risk that unverified members are not actually members of the team

Data Governance & Controls Advisor
verified

9 ICOs

$23 979 063

Strategic Advisor
unverified
Attorney and Blockchain Entrepreneur/Advisor
unverified
CEO Krantz Consulting / Advisor
unverified
Project Manager/ Blockchain Advisor
unverified
Advisor CEO Pinkcoin
unverified

Former members

CEO The Power Company
Sr. Digital Marketing / Advisor

LaborCrypto Interviews

Vinodh Vemireddy
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am the Data Analytics specialist working for this project. LaborCrypto is a global freelance peer to peer ecosystem that not only shares revenue but also brings more value to its customers and freelancers globally.
Adam Cisek
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Based on our experience in the gig economy space, we can see the potential impact we can have on peoples lives all over the world. I am excited to continue to contribute ion the areas of fp&a and operations.

The concept of building a global ecosystem that delivers value to the people that keep falling further behind is a once in a lifetime opportunity I welcome.
Tarik Khribech
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am the CEO
Tim Mayeur
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Acting as Director, Strategic Partnerships for this project. I consider LaborCrypto to be a very practical yet innovative evolution of the traditional elance model.

Last News

3.82
stable
5.0 4
ICO Profile Vision Activity Potential Product Team

LaborCrypto Reviews

thetechinsider.org
reviews

Positives Freelancer Incentive: When working on Labor Crypto’s platform, freelancers can create smart contracts with their employers to make the project more accessible and credible for freelancers and investors. Passionate Team: Labor Crypto has a team of 8+ members that pay it forward to help make opportunities for demographics to participate in an open economy. Brand: Labor Crypto creates a brand with integrity, a quality structure, high-tier freelancers, and helpful customer service. The project focuses on consumers who want to hire freelancers – this is a segment that’s been ignored by global competition and enterprises that need to hire good freelancers. Negatives Advisors: It has a team of advisors, but not all of them are verified. This can make it difficult for some investors to fully stand behind the project. Project Development: We want to see an alpha or beta version of this project to ensure that it will benefit their users in the future.

Read More
cointrust.com
News, reviews

To invest in the LaborCrypto you are of course going to have to have one of their listed payment methods, however it is a very easy process once you do and you will be able to purchase any quantity of their tokens as you like.

However, never rush into any investments, for I want you to be completely confident that you know of the risks associated with investing in ones such as the LaborCrypto, and that is when you should spend some time doing your due diligence.

By looking over their website you will find more details and information on their team, how their roadmap has been fully laid out and of course their very important whitepaper than will give you a much deeper and clearer insight in their concept too.

Read More
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