What is FreelaneX?
Freelanex offers a trustworthy and fun online workspace. Freelanex is a decentralized platform that provides a system environment on the Blockchain. This is a unique opportunity to approach negotiations using a decentralized system with smart contracts, through a user-friendly interface.
Freelanex introduces a clear and trustworthy transaction system and employee protection rights to protect workers from fraudulent and unprincipled practices - situations that benefit both parties.
A measure of economic freelance
Freelance Economy is the latest and by far the strongest transformation factor in the global employment landscape. Until a decade ago, 'casual workers' were identified as individuals who work between jobs or work in part-time capacities only.
The advent of technology and high-speed internet access is rapidly changing this perspective, with more and more professionals joining the freelancing train. Research shows more than 57 million Americans work as freelancers part-time or part-time. Likewise, the total number of freelancers in the European Union more than doubled between 2004 & 2014.
Despite its increasing popularity, the freelance economy is troubled by innate challenges. Freelanex proposes an autonomous economy that addresses critical problems such as lack of trust, high intermediary costs, operational challenges, and the lack of a strong dispute resolution system.
We aim to build an ecosystem that makes it easier to find legitimate freelance opportunities, reduce intermediary costs, resolve trust issues between freelancers and entrepreneurs, and equip freelancers with intuitive tools for efficiency and management.
Freelanex plans to use blockchain technology for its platform. It intends to utilize the key features of the blockchain technology including transparency, conservation, security, and efficiency.
The global loose industry is worth more than $ 3.7 trillion. In terms of popularity and adoption, Europe offers the largest percentage of freelancers (35.5%) followed by Asia (28%), Latin America (29.2%), and Africa 10.1%. The on-demand economy is transforming the global workforce, with more than 57 million casual workers in the US alone. Freelance demographics are currently dominated by young professionals, with 20% to 30% of the young workforce in the EU and US engaged in independent work.
As we said at the beginning, we lived in a time that was greatly influenced by the technological revolution and other digital influences. And in many cases, this new technology plays an important role in our lives. At this stage, we can already think about revolutionary ideas and how to apply them.
Through multidisciplinary studies, we found that there are defects in the independent economy and there is a demand to set safety standards, to build reliable business relationships between freelancers and clients. This is the reason behind our search for characteristics and standards of Blockchain technology to improve services and expand relationships between freelancers and their clients.
This is the reason behind our search for characteristics and standards of Blockchain technology to improve services and expand relationships between freelancers and their clients.
We think that Blockchain is the best tool we can use to create effective solutions to overcome problems faced by freelancers. This can be achieved by building an ecosystem based on the Blockchain to provide transparency and trust between customers and freelancers, our system is decentralized through the use of innovative technology solutions for new generations of new concepts.
In addition, smart contracts will provide opportunities to create new concepts and implement data through contracts that can be programmed intelligently (while transactions are not reliable between the two previous parties). The system will examine every action, including the review of smart contracts and the implementation of the skills assessment process by participants in the platform in mass that cannot be completed.
There is a good vision in battle. In addition, we aim to combat global unemployment and help motivate people - by providing free work to individuals. In this way, they will find their work in a flexible and smooth way and will be paid so that the whole economy will benefit from day today.
Especially, Freelanex offers a unique payment gateway and various incentives through the use of utility tokens and wallet platforms. This gives freelancers around the world easier access to payments, currency exchange, and protection of worker's rights.
Freelanex Mission:
We believe in empowering freelancers and giving them a trusted environment to connect with job opportunities anywhere, anywhere and anytime. We have recognized that the environment for freelancers and clients is very volatile at the moment, and we have a mission to build trust and pleasant workspace for everyone.
Freelanex Vision:
Freelanex connects millions of casual workers around the world with job opportunities through a real work environment created to promote collaboration, transparency and payment security. Freelanex utilizes the power of blockchain and artificial intelligence to build the largest and most trusted online workspace environment for freelancers while allowing them to invest and get the same benefits through platform scalability.
We envision a future where freelancers around the world will have unlimited access to growth and trust while working online.
Why Blockchain Technology?
Blockchain can guarantee transactions made between freelancers and their clients using smart contracts. Smart contracts are used to combine contract conditions to make automatic decisions - according to blockchain and smart contract rules - for everyone on the network and transactions in the ledger.
World Problems Freelancers:
When we think of all kinds of work relationships, the first thing we remember is "trust". Trust is very important in our professional lives. Unfortunately, finding a trustworthy environment isn't too common when we talk about the world of Freelancers.
In fact, several problems affect these professionals and their clients. Because there are no integrated guidelines through traditional platforms, what we found was a very dispersive environment - where sometimes it happens that freelancers are not paid from clients, at the end of their work; sometimes it happens that freelancers are very late in giving jobs, and clients can only cancel assignments (a waste of time and without having to complete the work needed).
There is no process to verify the data included on both sides to confirm its transparency or accuracy, agreements between the parties can be violated easily and the cost of paying for the use of traditional platforms is quite high.
- Lack of trust, trust & transparency
- There are no integrated guidelines
- There is no process to verify the data included by both parties, to confirm its transparency or accuracy.
- Amendment to the agreement between the two parties and the provisions of the Convention.
- High transaction costs
- High platform costs
- There is no or minimal KYC procedure
Freelanex has been thought exactly to fix these problems. How can we do it? Thanks to the blockchain technology, that allows protecting both the freelancers and their clients.
Freelanex and Unemployment
The global economic crisis has exacerbated the unemployment rate among young people to the worst, with severe social consequences that many young people of the world are currently suffering from unemployment and lack of employment opportunities.
The solutions proposed to address them differ in turn from country to country The ILO points out that more than 73 million young men and women are unemployed & this number is still growing up. We have to do everything we can in order to offer some solutions.
We at Freelanex have the desire to help in fixing this problem, through the establishment of courses and laboratories and free online training in all disciplines available on the platform. This will provide a good source of income for many of those wishing to move to a better life. Other grants are free membership for one month for all trainees who pass these courses, to motivate them to work and use their skills in the Freelancers market.
Freelanex Platform:
As we have said, Freelanex is a decentralized platform that provides an environmental system on the Blockchain. Thanks to that, freelancers and their potential clients will easily connect - have the opportunity to work together in a trustworthy ecosystem - where all work relationships will be managed by our Smart Contract and will be guaranteed thanks to the use of blockchain technology.
All transactions between Freelancers and clients are irreversible, transparent and trustworthy. In addition, our system will be strong and resistant to all violations to protect Blockchain data storage. To provide security for users on the Blockchain there are standards and features, which will be automatically implemented by Blockchain - programming in smart contracts, to enable data validation in less than one second:
- Payment guarantee
- KYC
- Rule of law
- Security
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The Hyperledger authentication application will be used to maintain all events and records regarding Hyperledger, while the business logic class will be based on rules and special permission levels (together with Hyperledger itself).
All trusted independent people will be gathered and added to our white list, to ensure compliance with judicial organizations for both parties - by registering data on the Blockchain until trust and transparency are found.
The information and conditions written in this contract are impenetrable and cannot be changed by anyone: helplessness is one of the reasons we decided to use blockchain technology.
Our added value
After studying the reports and statistics related to the problems and risks faced by freelancers, Freelanex seeks to create a synchronized platform that is highly focused on freelancer support. This will be achieved by building a system which has the ability to reduce the percentage of problems and risks affecting the economy.
Freelanex aims to add value by:
- Building the overall structure of common uuidelines in this field to verify data from both sides to ensure their transparency and accuracy.
- Creating a decentralized system to complete transactions and receive payments from clients (for a fee of 8% — 10%).
- Implementing transactions by using a smart contract, to ensure terms and conditions upheld in each contract.
- Building a solid market for freelancers.
- Reducing job search and display time.
- Upholding strong and independent market development.
- Ensuring a high level of technical readiness to serve and support users.
- Securing audits of smart contracts by the development team.
- Continuously improving the system for efficiency and flexibility.
Freelanex aims to eliminate the fraud problem highly capitulated in the freelance economy. It is expected that the future of freelancers will represent a global economy dominating the labor market in various fields, and so, Freelanex focuses on protecting people’s rights in order to isolate them from fraudulent and immoral practices.
Why Blockchain Technology?
Blockchain can guarantee transactions agreed between freelancers and their clients by using smart contracts. Smart contracts are used to merge contract conditions making decisions automatic — according to the rules of blockchain and smart contract — for each person in the network as well as transactions on the ledger.
Our system will be divided into two bases:
User Data
Blockchain can guarantee transactions agreed between freelancers and their clients by using smart contracts. Smart contracts are used to merge contract conditions making decisions automatic — according to the rules of blockchain and smart contract — for each person in the network as well as transactions on the ledger.
Transaction
Blockchain will also change the efficiency and security of transactions within the environment of the platform. Blockchain provides confidence between two sides to complete transactions with increased flexibility and transparency. Each user has his or her unique identity, encrypted on the blockchain, which means that each client can send money to a freelancer and maintain security until the transaction (job) is officially completed.
This security class makes the transaction management faster and provides security by maintaining a financial record, whether the two sides are in the same country or not.
How Does Smart Contract Work?
There is a proven and strong incentive for taking control of existing central services and finding alternatives in a world that are moving faster and faster. The implementation of the main tool in this area of decentralization, the smart contract, significantly enhances and protects user data in a transactional sense and also makes way for seamless connectivity.
Freelanex is here to offer a new solution to the mutual exchange movement, which will be enhanced by smart contracts, ensuring customer security and effective access. Freelanex is here to offer a new solution to the mutual exchange movement, which will be enhanced by smart contracts, ensuring customer security and effective access.
Smart contracts are defined as self-executing contracts written in solidified encryption code. According to the Ethereum protocol, this code is used to complete and accelerate mechanical aspects of various systems to create a smart contract. This is done to explain data instructions entered essentially and, as a result of these inputs, protects the rights of all parties involved in the system.
As contract terms are automatically executed upon transaction completion, payments are also automatically released when the system verifies that all data points have been justified, as per the entered smart contract. The Freelanex smart contract will be stored in a decentralized blockchain and is legally binding to all parties. Due to the distribution warehouse protocol, each process within the network will be recorded in a transparent, publicly verifiable manner, with full counterfeit protection.
Smart Contract Guarantees
How will the smart contract protect both the buyer (employer) and the seller (freelancer)? The smart contract includes and guarantees the following interactions between counterparties:
Guarantee of contract.
- The buyer starts buying through a smart contract.
- Freelanex to protect the funds required in the buyer’s account.
- The seller will deliver the product.
- Within a limited period of time, the buyer shall examine the product and accept or make a decision in terms of the transaction.
- After transaction approval, funds are transferred to the appropriate accounts
FLXC Token Allocation:
The total token supply for FLXC will be 10 billion. A total of 5,000,000,000 tokens shall be offered in the upcoming sale. FLXC will be listed on one of the major exchanges before IEO following its initial token sale and will become available to the public for exchange and trading. Any unsold tokens shall be retained by Freelanex and allocated to Reserves to platform development and growth of the Freelanex ecosystem, its community, and partners.
Allocation of Funds:
The entire amount raised through the ICO will solely be dedicated to the development of the Freelanex platform.
Token Sale Parameters:
Our Team
- IBRAHEM HASSAN: Founder, CEO
- ABDULLA AL MARZOUQI: Co-Founder and CFO
- ISURU WICKRAMASINGHE: Co-Founder and COO
- SHIVA DWIVEDI: chief technology officer
- DAVORIN DUCK: Communication and Community Manager
- FARAH ABBAS: Chief Business Analyst
- GAYAN LUCA DE SIMONE: UX / UI Architect
Advisory
- NAVIIN CHAPTER: Strategic ICO Advisor
- SYDNEY IFERGAN: Marketing Adviser
- IGOR KARAVAEV: Financial advisor
- ERIKA ROSE STONE: Business Development Advisor
- RAFFAELE DELLA ROTONDA: Law advisor
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