WHY SHOULD YOU INVEST IN THE FREELANCE ECONOMY?
WHY SHOULD YOU INVEST IN THE FREELANCE ECONOMY?
In the last decade, we’ve seen a massive surge in the number of online freelance platforms, or ‘ecosystems’. These platforms empower freelancers by connecting them with consumers to monetize their knowledge and skills on a larger scale. In fact, the freelance workforce is growing 3x faster than the rest of the U.S. workforce since 2014.
Companies like Lyft, Uber, Upwork, Fiverr, and a myriad of other platforms, have gained popularity within the last five years, driving the freelance economy to $1.4 trillion of the U.S. economy alone — an increase of almost 30% since last year. Some statistics report the global freelance economy to be near $2 trillion just in the few countries that we measure. And the future of freelancing shows no signs of slowing. 71% of freelancers found more work online that last year and 47% of millennials freelance.
Current freelance platforms have empowered millions of people to new opportunities through digital marketplaces. They’ve identified the massive need for the millions of people entering the freelance work landscape. But these platforms are inefficient given their dependence on existing financial systems and new emerging technology, like blockchain, smart contracts and cryptocurrency will exploit the inefficiencies of the current industry.
The Big 5 Financial Stumbling Blocks Common to All Freelance Platforms Today:
- High Service Costs and Fees: these can cost the average freelancer 25% of their potential earnings
2. Payment Delay: these can sometimes take up to 2 weeks to settle
3. Lack of Banking Access: this makes it difficult for approximately 35% of potential freelancers (1 billion people) to earn income
4. Poor User Experiences: this wastes time and effort for both freelancers and consumers
5. Lack of User Loyalty: these lead to consumers and freelancers jumping from one platform to another and undercutting platforms
5 Major Problems — 1 Complete Solution
LaborCrypto further disrupts the freelance economy using emerging technology to solve all 5 of the aforementioned problems. Using Blockchain and Cryptocurrency in a peer to peer model eliminates the middleman fees, makes payments immediate and provides inclusion for billions of people into the world’s financial system. Additionally, the platform gives users the ability to collaborate and offer clients more complete and higher value services within an efficient experience. Lastly, the LaborCrypto tokens allow users to participate in revenue sharing that incentivize the users, hiring and working, to grow their business on the platform which creates value and return for investors.
If successful, we could be looking at the decentralized UpWork of the freelance industry!
Question: If you had the chance to invest on the ground floor in Upwork, would you?
The great news is that, as we speak, LaborCrypto is in its presale 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.
#cryptocurrency #blockchain #freelancer #economy
