What Is Matchpool (GUP)?
Matchpool is a blockchain jobs platform that helps clients and freelancers connect, providing efficient transactions and robust protections through smart contracts – wherever you’re based. LaborX supports a range of popular tokens on Ethereum and Binance Smart Chain, providing fast, efficient settlement between Customers and Freelancers anywhere in the world. As programmable money, crypto transactions are embedded in your digital contracts for secure and automated payment upon completion.
Set the conditions for how you’ll work together, including deadlines and payment terms, using the Contract module. Matchpool protect your financial relationship through digital escrow by locking the funds when the contract is signed – releasing them automatically when the work has been completed and accepted. Premium Account holders will enjoy fee-free use of LaborX forever, plus other attractive benefits!
Matchpool Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
While popular freelancing platforms charge users as much as 20%, Matchpool decentralised approach means your commissions are as low as 10% for Freelancers and 0% for Customers. The Reputation module provides protections and a feedback system to help users select the best freelancers and clients. Your algorithm accounts for factors such as previous experience and education, reviews, completed contracts and much more. Variables are weighted according to their importance and relevance.
Completed Job or Gig as platform fees
These fees are used to buy TIME tokens off the open market, which are then distributed between Freelancers, Customers and the Time Fund. The TIME tokens are first nominally split 50:50 between Customer and Freelancer. Depending on each user’s Premium status, each receives between 5% and 100% of their half, with the remainder going to the Time Fund.
What are the benefits of freelancing for crypto?
Because cryptocurrency is border less and global, anyone can apply for a job and get paid, no matter where the freelancer and customer are in the world, and whether or not they have access to banking services. Matchpool Crypto jobs payments are efficient, and blockchain enables a truly free and friction less labor market. Freelancing is also a good way to earn crypto, an attractive new asset class.
What cryptocurrencies can I earn on LaborX?
LaborX currently supports two major blockchains, Ethereum and Binance Smart Chain. Matchpool Freelancers and Customers can organise cryptocurrency jobs payments in ETH, WBTC, TIME, and stable coins USDC, USDT, DAI and AUDT on Ethereum; and BNB, BTCB, TIME, and stable coins BUSD, USDT, USDC and DAI on Binance Smart Chain.
How does LaborX Premium membership help crypto freelancers?
Freelancers are charged 10% of the payment for each Job or Gig they complete as platform fees. These fees are used to buy TIME tokens on the open market. Freelancers then receive a rebate of up to half of this amount in TIME tokens, depending on their Premium membership status. This potentially reduces their fees to just 5%, as well as giving them a regular payment in a token for which there is constant demand – making it something like a crypto jobs pension scheme.
What is Job Mining?
Whenever a task is completed and a cryptocurrency job payment is made, LaborX converts its fee into TIME, the native token of the wider Chrono.tech ecosystem. Matchpool These TIME tokens are distributed between LaborX Freelancers, Customers, and other Chrono.tech stakeholders. This process is called Job Mining.
What is TimeWarp?
In addition to being the leading blockchain jobs platform, LaborX is part of a wider suite of services run by Chrono.tech. Matchpool Time Warp is Chrono.tech’s TIME token staking programmer. A proportion of the TIME tokens purchased through Job Mining cryptocurrency jobs payments are distributed to Time Warp stakers. Time Warp is also the means by which LaborX users can acquire Premium membership, which offers a series of benefits, including increased Job Mining payments for crypto jobs.